US-based collaborative mental healthcare provider Quartet has closed a $60m series D round that featured healthcare services provider Centene Corporation and GV, a corporate venturing vehicle for internet and technology conglomerate Alphabet.
F-Prime Capital Partners, a subsidiary of financial services group Fidelity, also contributed to the round, as did venture capital firm Polaris Partners and VC fund Oak HC/FT.
Quartet works with healthcare plans to offer personalised mental healthcare from trained clinicians and specialists through a unified platform that allows several stakeholders to collaborate on treatment plans.
Centene made its investment as it formed a strategic partnership with Quartet that will involve them collaborating to help vulnerable populations access mental healthcare.
Jesse Hunter, executive vice-president of mergers and acquisitions and chief strategy officer for Centene, said: “Through deepening our partnership with Quartet, we are focused on ensuring that people in all communities can access the care they need.
“We are pleased to work with Quartet and other health care innovators to advance the role technology and services can play to improve the integration of mental health and primary care.”
The round took Quartet’s funding to $153m to date, the company said. F-Prime Capital Partners and Polaris Partners co-led its $40m series C round in January 2018, investing alongside GV, Oak HC/FT and hedge fund sponsor Deerfield Management.
The company had raised $40m in a 2016 series B round led by GV that also featured F-Prime (then known as Fidelity Biosciences), Polaris Partners and Oak HC/FT. The latter three had previously joined Shulam in a $7m series A round the year before.