The funding round will help Alleva to scale the platform capabilities and accelerate growth as demand for behavioral health treatment in the U.S. increases.
LAGUNA NIGUEL, Calif., Oct. 6, 2022 /PRNewswire-PRWeb/ -- Alleva, a company dedicated to providing world-class software to the behavioral health industry, today announced a series A funding of $12 million, led by Ankona Capital, a software growth venture firm focused on investment in leading software companies. Existing investors, including Dealer Socket Founder Jonathan Ord, will also participate in the funding round, which will fuel Alleva's upward growth trajectory and support product development and expansion to meet demand.
"The focus of this raise is to continue to bring sophisticated technology to more users in the behavioral health space," said Steven McCall, CEO of Alleva. "Customers who leverage their existing EMR data with our business intelligence tool have improved efficiency and profitability, often exceeding their business goals. More importantly, they've seen improved outcomes for their patients. We've created a paradigm shift in treatment and set the bar for what data can do. We look forward to working with the Ankona team to expand our market penetration."
Founded in 2016 to bring advanced technology to an underserved space, Alleva's seen steady growth year after year while helping thousands of behavioral health clinicians to extend their reach of care. With a cloud-based EMR, integrated CRM, and a robust business intelligence tool, Alleva facilitates reporting, compliance, and workflow optimization. The platform provides insights for evidence-based care and data-driven decisions. Its intuitive, task-based dashboard enables clinicians to spend less time charting and more time improving the lives of those suffering from mental illness and addiction.
"Alleva is a best-in-class solution for behavioral health facilities, and we have been impressed with the team's knowledge and passion for the space," said Jared Smith, Managing Director of Ankona Capital. "The mission-driven culture of the team has resulted in a product that is a critical tool for operators of behavioral health facilities to achieve their mission of delivering impactful care and operating efficiently. Ankona is excited to lend our expertise to help the Alleva team scale the platform capabilities and accelerate growth as our society's behavioral health needs increase."
To learn more about Alleva's EMR technology, visit helloalleva.com.
Alleva is dedicated to providing world-class software to the behavioral health industry that offers premium care to those who need it. Their product pushes the boundaries of technology to simplify and streamline the daily tasks of medical professionals. They have also created similar technology for patients, providing accessible tools and resources to help nurture recovery. Their team includes licensed therapists, industry professionals, and experienced software developers passionate about helping the helpers.
About Ankona Capital
Ankona Capital is a southern California-based growth venture firm that invests $5 to $15 million into early growth-stage B2B software companies, which typically have $5-$15 million in recurring revenues. Ankona's team of experienced investors and operating partners have over 50 years of combined software and investment experience. Ankona is focused on creating a winning, inclusive, and rewarding culture that caters to founders, provides resources and support to entrepreneurs and fosters opportunities for tech companies and investment outside of Silicon Valley. To learn more, visit ankona.com.
Cara Cragun, Alleva, 1 9492017628, [email protected]