Ritten Announces $35M Series B Investment Led by Five Elms Capital
Ritten, a number one AI-powered system of report for behavioral well being suppliers, as we speak introduced a $35 million USD Series B funding spherical led by Five Elms Capital with participation from current buyers Threshold Ventures, 8VC, Bienville Capital, and others. This funding will assist Ritten’s growth throughout psychological well being and habit therapy suppliers spanning all ranges of care.
“Behavioral well being suppliers do extraordinary work in among the most demanding care environments, and our crew has at all times been devoted to giving them the subsequent technology of instruments that cut back friction and enhance care. Five Elms instantly understood our mission and method,” stated Noah Whitehead, CEO of Ritten. “This partnership with Five Elms will enable us to advance our AI-first roadmap, proceed supporting clinicians and employees, and scale options that meet the nuanced necessities of behavioral well being.”
Since its founding in 2020, Ritten has been devoted to enabling behavioral well being practitioners to ship the very best high quality care. By unifying digital medical information, buyer relationship administration, and income cycle administration into one trendy AI-enabled platform, Ritten streamlines the whole affected person and clinician journey, from referrals and admissions to scheduling, charting, compliance, and billing throughout each outpatient and residential settings. Ritten’s know-how reduces toil and burnout for workers and drives operational efficiencies and development for buyer amenities.
Ryan Mandl, Partner at Five Elms, commented on the funding, “Ritten is revolutionizing an area that has lengthy been underserved by fragmented, outdated know-how. Their platform unifies the vital programs that practices must develop, function effectively, and ship high-quality therapy, enhanced by AI to meaningfully cut back complexity for care groups. We’re thrilled to be a part of the subsequent section of Ritten’s development.”
In addition to the acceleration of development throughout the behavioral well being area, Five Elms Capital’s funding in Ritten will contribute to additional development of best-in-class AI capabilities for each practitioners and income cycle administration. The firm plans to proceed to combine AI-powered workflows all through the platform, increase and mature their buyer assist choices, and develop enterprise capabilities to satisfy the evolving wants of therapy organizations giant and small.
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