Cigna Ventures, Novo Holdings, and Avidity Partners led a $52m Series C round in Octave Health Group.

Cigna Ventures, a strategic venture fund, Novo Holdings, an asset manager, and Avidity Partners, an investment management firm, led a $52m Series C round in Octave Health Group, a modern therapy practice. "The demand for mental health services is higher than ever, but our mission is not just to ensure that care is accessible, but actually effective for the patient and sustainable for the mental health provider. With this raise, we're aiming to move beyond directly facilitating care, to trying to influence how the whole system functions — how care is paid for, how it is found, and the tools we use to support it," Sandeep Acharya, Octave Health Group Co-Founder and CEO.