Cigna Ventures, the venture capital arm of health insurance giant Cigna, participated in the $44.5 million growth equity round for virtual mental health company Valera Health.
Valera partners with hospitals and health systems to help connect patients with virtual mental healthcare. The company partners with health insurance plans and health systems that serve 50 million people, according to an Oct. 31 Valera news release.
The Heritage Group, a healthcare-focused private equity firm, led the growth round.
"Valera's focus on evidence-based care and its holistic approach to treatment enables providers to deliver exceptional care, including to those that suffer from high acuity conditions," Tom Richards, a global leader for strategy and business development at Cigna, said. "We remain excited about our relationship with Valera, and look forward to helping support the company's growth nationwide so that they can continue to provide the highest-quality clinical care to our most vulnerable customers."