Octave Health

Personalized therapy for individuals and families

San Francisco, California, United States

About Octave Health

Octave provides therapy services for individuals, couples, and families, focusing on mental health support. Their approach involves personalized, evidence-based therapy tailored to each client's unique needs. Clients are matched with therapists who not only have expertise but also align well with their personalities. This method has shown effectiveness, with a reported 37% reduction in depression symptoms over 12 weeks. Octave stands out from competitors by emphasizing genuine human connection and accessibility, as they are in-network with several insurance providers, making their services more affordable for clients. The goal of Octave is to offer effective mental health care that fosters real connections and improves the well-being of their clients.

San Francisco, CaliforniaHeadquarters
2018Year Founded
$121.8MTotal Funding
LATE_VCCompany Stage
HealthcareIndustries
501-1,000Employees

Benefits

Remote Work Options
Flexible Work Hours
Mental Health Support

Risks

Rapid expansion may strain resources and affect care quality.
Reliance on insurance billing poses risks if policies or rates change.
Increased competition from Evernorth's Behavioral Health Group could impact market share.

Differentiation

Octave offers personalized, evidence-based therapy tailored to individual client needs.
The company reports a 37% reduction in depression symptoms over 12 weeks.
Octave is in-network with several insurance companies, enhancing accessibility and affordability.

Upsides

Expansion into 10 new states increases market reach and client base.
$52 million Series C funding supports further expansion and technological innovation.
Board additions bring valuable experience and strategic guidance from healthcare leaders.

Funding

Total raised$121.83 M
Latest valuation$260.00 M
StageLATE_VC