Surge in Demand for Pediatric Behavioral Health Services Fuels Funding for Startup Brightline

Surge in Demand for Pediatric Behavioral Health Services Fuels Funding for Startup Brightline. A young man with glasses has his hands on his temples as black squiggly lines representing his thoughts rise above his head.

Behavioral health startups that offer virtual care continue to draw strong interest from investors, with pediatric-focused being the latest example.

The recently raised $105 million in Series C funding and will use the money to expand its services to support young children with autism spectrum disorder and youth who identify as LBGTQ+ and/or BIPOC (Black, Indigenous and people of color). The company, which operates in all 50 states, now employs about 85 care providers and plans to triple its staff while growing its partnerships with health plans and employers as demand for family-focused benefits surges.

While Brightline’s financing round may not be as large as some of the other deals for health care startups, the company appears to be gaining traction. It now has raised $200 million and is valued at $705 million, according to a . The company now serves 50 employers and covers more than 24 million health plan lives.

Global investment firm led the round, with existing investors (formerly Google Ventures), , Children’s Medical Center Corp. (parent corporation of Boston Children’s Hospital), and others participating.

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