Vanna Health Raises $17M Series B for Serious Mental Illness Care

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Vanna Health, a San Francisco, California company focused on serious mental illness, has raised $17 million in a Series B round. The financing was co-led by AlleyCorp and Health Velocity Capital.

The company will use the capital to expand its clinical footprint, strengthen its technology infrastructure, and bring its care model to new markets. It currently operates in Massachusetts and has partnerships in Arizona and Pennsylvania, with plans to enter more states.

Vanna Health was founded by Dr. Tom Insel, a behavioral health entrepreneur and former director of the National Institute of Mental Health. The company uses a value-based care model built around three principles it describes as people, place, and purpose. Patients have access to medical professionals, coaches, and physical locations that offer community and support, with the goal of helping them stabilize and find a sense of purpose.

The raise reflects growing investor attention to serious mental illness, a segment of behavioral health that has historically been underserved by new care models.