What You Ought to Know
- The Funding: Grow Therapy has secured a $150M Sequence D led by TCV and Growth Equity at Goldman Sachs Alternatives with new participation from BCI and Menlo Ventures, the spherical brings Develop’s whole capital raised to $328M at a reported $3 billion valuation.
- The Scale: The corporate has quietly constructed an enormous footprint, reaching a reported $1 billion income run fee. In 2025 alone, Develop facilitated 7 million visits, connecting its 26,000 suppliers with sufferers throughout 125+ well being insurer companions.
- The “EAP Cliff” Answer: Develop is formally getting into the employer advantages house by redesigning the normal Worker Help Program (EAP). As an alternative of staff maximizing their 3 to five free EAP periods and being compelled to modify therapists, Develop’s platform permits a seamless transition to the worker’s customary medical insurance, retaining the identical supplier.
- The AI Leverage: To draw and retain its large supplier community, Develop deployed a free, clinically-guided AI notetaker that has efficiently slashed supplier documentation time by practically 70%.
- The Major Care Bridge: Develop is extending its platform instantly into well being techniques—starting with Circle Medical—to coordinate referrals and guarantee sufferers screened for psychological well being points in main care truly make it to therapy.
Eradicating the “EAP Cliff”
For many years, company psychological well being advantages have been functionally damaged. Employers sometimes provide an Worker Help Program (EAP) that grants staff a handful of free remedy periods. Nonetheless, EAPs and conventional medical insurance networks are virtually by no means linked. When an worker inevitably exhausts their 3 to five free EAP periods, they hit a “cliff.” They’re compelled to both pay exorbitant out-of-pocket money charges to stick with their therapist, or abruptly finish their care and begin over with a brand new, in-network supplier.
Develop Remedy is utilizing its new enterprise enlargement to kill this cliff. Starting in March 2026, firms can provide Develop Remedy via a redesigned profit program that bridges the hole. As a result of Develop already has deep integrations with over 125 well being insurers (masking 220 million lives, together with Medicare and Medicaid), an worker can seamlessly transition from their EAP on to their customary medical insurance—with out ever altering their therapist.
Moreover, Develop is providing a extremely engaging pricing mannequin for CFOs: they solely cost employers for the care truly delivered, abandoning the wasteful, flat Per-Member-Per-Month (PMPM) charges that plague conventional digital well being contracts.
Automating the Administrative Grind
You can not scale a psychological well being community to 7 million annual visits with out a military of suppliers. And the one strategy to entice 26,000 impartial suppliers in an enormous medical scarcity is to construct software program that makes their lives simpler.
Administrative burnout is the first enemy of the impartial therapist. To fight this, Develop launched a free, clinically-guided AI notetaker natively embedded into its EHR software program. By ambiently capturing the session and structuring the medical documentation, the AI device has dropped supplier documentation time by practically 70%, surpassing the accuracy of handbook note-taking. This operational leverage permits therapists to see extra sufferers, drives 80% of shoppers to see measurable symptom enchancment inside 30 days, and yields a world-class Web Promoter Rating (NPS) of 85.
Bridging the Major Care Chasm
Whereas employers management the purse strings, main care medical doctors management the funnel. Yearly, greater than 70% of individuals obtain a psychological well being screening throughout a routine medical go to, however lower than half truly make their strategy to therapy. The referral course of is just too fragmented.
To repair this, Develop is extending its platform instantly into well being techniques, beginning with nationwide main care firm Circle Medical. Medical groups can now coordinate referrals, share medical context with affected person consent, and schedule the primary remedy session instantly inside their current workflows.
