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Announced

Completed

Thoma Bravo led a $130m Series D funding round in Alma.

Financials

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Transaction Value£110m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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mental health

Private Equity

Venture Capital

United States

Health Care Services

Single Bidder

Private

Acquisition

Domestic

Minority

Completed

Friendly

Synopsis

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Thoma Bravo, a software investment firm, led a $130m Series D funding round in Alma, a network that helps independent mental health care providers accept insurance, with participation from Cigna Ventures, Insight Partners, Optum Ventures, Tusk Venture Partners, Primary Venture Partners, and Sound Ventures. "By centering therapists at the forefront, Alma is creating a sustainable business model that helps providers accept insurance, grow their private practice, and reach more people seeking care. Over the past year, we scaled our services to offer in-network mental health care in all 50 US states, helping people find much-needed care during their greatest moments of need," Harry Ritter, Alma Founder and CEO.

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