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Boulder Care raises USD 35 million in Series C funding to expand operations
Mental Health Tech
May 22, 2024
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Mental Health Tech

Mental Health Tech

May 22, 2024

Boulder Care raises USD 35 million in Series C funding to expand operations

Funding

  • Boulder Care has raised USD 35 million in a Series C funding round led by Advance Venture Partners, with participation from existing investors, including First Round Capital, Qiming Venture Partners, and Laerdal Million Lives Fund.

  • With the acquired funds, Boulder Care plans to expand into 10 states by 2026, providing virtual addiction treatments for opioid and alcohol use disorder and other related mental health conditions. The 10 states have been chosen after considering the rural populations lacking adequate access to in-person treatment facilities. The company also plans to invest in developing new treatments to better address the needs of high-need addiction patients.

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