Addiction care startup Eleanor Health raises $50M in new funding round
Eleanor Health has raised $50 million in a new round of funding. General Catalyst led the addiction care startup's Series C funding round. Eleanor Health, a hybrid mental health and addiction treatment firm, raised $50 million in a Series C fundraising round. Warburg Pincus, Town Hall Ventures, Northpond Ventures, and Rethink Impact are among the investors in the round headed by General Catalyst. Eleanor has raised a total of $82 million in venture money, including a$20 million Series B investment less than a year ago. In-person and virtual psychiatry, counseling, rehabilitation coaching, and medication-assisted treatment for drug use disorders are all available through the company. It is now present in the states of Louisiana, Massachusetts, New Jersey, North Carolina, Ohio, and Washington. Eleanor intends to expand into other markets, including Texas, with the newest round of funding. The business also intends to expand its agreements with payers in whi...