- Companies
- Brightline
Brightline Revenue, Valuation, Funding & Investors
Brightline is valued at $705M as of July 2022, a 22.0x multiple on its last reported $32M revenue.
Last Brightline valuation
$705M
Series C · Jul 2022
Last Brightline funding round
$10M
Series C · Jul 2022
Brightline revenue
$32M
Series C · Jul 2022
Key investors in Brightline
Oak HC/FT
Threshold
Blue Cross Blue Shield of Massachusetts
GV
City Light Capital
Optum Ventures
About Brightline
Brightline is a Palo Alto-based behavioral health provider offering virtual therapy and coaching for children aged 0-18 and their families. Founded in 2019, it serves 1 million+ members through employer and health plan contracts with Aetna and Cigna, delivering 100,000 sessions monthly via app-based care teams. Brightline specializes in autism, ADHD, and anxiety with 90% clinical match rates, backed by $132 million in funding. The platform operates nationwide with licensed therapists in 50 states.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription, Services
Revenue
$32M (Jul 2022)
Valuation
$705M (Jul 2022)
Brightline Valuation
Brightline is currently valued at $705M, based on its Series C in July 2022.
The $10M round was led by Northwell Health.
Brightline's valuation has grown 50x from $14M at its seed round in December 2019 to $705M in July 2022, across 3 priced rounds.
Brightline valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2022 | Series C | $705M | 22.0x |
| Mar 2022 | Series C | $705M | 4.1x |
| Dec 2019 | Seed | $14M | - |
Brightline Revenue
Brightline's latest recorded revenue is $32M, as of its Series C in July 2022. At a $705M valuation, that implies a 22.0x revenue multiple.
Revenue moved from $173M in March 2022 to $32M in July 2022, while the revenue multiple moved from 4.1x to 22.0x.
Brightline revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2022 | $32M | $705M | 22.0x | Series C |
| Mar 2022 | $173M | $705M | 4.1x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Brightline Funding History
Brightline has raised a total of $205M across 5 funding rounds.
Brightline's first fundraising round was a $5M seed round in December 2019. The most recent completed round was a $10M Series C in July 2022.
Brightline funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2022 | Series C | Northwell Health (lead) | $10M | $705M | Brightline is a virtual behavioral health provider focused on children, adolescents, and families, offering multidisciplinary care teams including coaching, therapy, psychiatry, and speech therapy via an app with videos, exercises, and chat features. Founded in 2019 in Palo Alto, California, the company addresses pediatric mental health needs such as autism spectrum disorder through early intervention and on-demand resources. It partners with major employers and health plans like Blue Cross Blue Shield of Massachusetts, Aetna, and Blue Shield of California, reaching 24 million covered lives and planning to expand to over 50 million in 2022 while tripling its care provider team from 85. In July 2022, Northwell Health, New York’s largest health system with 23 hospitals and over 830 outpatient facilities, invested $10 million in an extended Series C round, bringing the total Series C to $115 million and overall funding to approximately $212-220 million. This strategic partnership aims to enhance access to pediatric mental health services in the New York Metro area amid rising demand. Brightline plans to use the funds for partner coordination, content interventions, expanded care modalities, and tailored services for teenagers. The company’s valuation stood at $705 million following its March 2022 Series C round of $105 million led by KKR, with participation from GV, Optum Ventures, Oak HC/FT, Threshold Ventures, 7wireVentures, and others. |
| Mar 2022 | Series C | KKR (lead); GV; 7wire Ventures; Blue Cross Blue Shield of Massachusetts; Oak HC/FT; Boston Children's Hospital; Threshold; Optum Ventures | $105M | $705M | Brightline, a Palo Alto-based virtual behavioral health company focused on children, adolescents, and families, raised $105 million in a Series C funding round on March 29, 2022, led by KKR with participation from GV, Optum Ventures, Oak HC/FT, Threshold, 7wireVentures, Boston Children's Hospital's parent entity, and Blue Cross Blue Shield of Massachusetts. The round brought total funding to over $200 million and valued the company at $705 million post-money, according to Bloomberg reports cited across multiple sources. KKR's Johnny Kim joined the board. Brightline provides on-demand digital support, coaching, clinical services, and outcomes reporting for issues like anxiety, ADHD, depression, cyberbullying, and specialized needs such as autism spectrum disorder, LGBTQ+, and BIPOC youth. Operating in all 50 states, it serves 50 employers and covers over 24 million health plan lives, with plans to triple staff from 85 providers, expand partnerships, innovate care models, and enhance employee benefits. The funding accelerates national expansion amid surging pediatric mental health demand, following a $72 million Series B led by GV about a year prior. CEO Naomi Allen emphasized addressing systemic failures in child mental health care, positioning Brightline as a scaled leader. |
| Jun 2021 | Series B | GV (lead); 7wire Ventures; Blue Cross Blue Shield of Massachusetts; Oak HC/FT; Blue Shield of California; Gaingels; Debra Lee; Threshold; Optum Ventures; SemperVirens Venture Capital; City Light Capital | $65M | - | - |
| Aug 2020 | Series A | Oak HC/FT (lead); Threshold (lead); Blue Cross Blue Shield of Massachusetts; Blue Shield of California; Boston Children's Hospital; SemperVirens Venture Capital; Rock Health Capital; City Light Capital | $20M | - | Brightline, a Palo Alto-based virtual pediatric behavioral health platform formerly known as Emilio, raised $20 million in an August 2020 Series A funding round led by Oak HC/FT and Threshold Ventures, with participation from Blue Shield of California, Blue Cross Blue Shield of Massachusetts, Boston Children’s Hospital, SemperVirens Venture Capital, Rock Health Capital, and City Light Capital. The company offers telehealth services including behavior therapy, adolescent psychiatry, medication support, speech-language therapy, occupational therapy, and parent coaching, focusing on integrated clinical teams for children and families. Founded in 2019, Brightline began caring for patients in June 2020 in northern California ahead of schedule due to pandemic demand and expanded statewide shortly after, with plans for further states. The funding brought Brightline's total capital raised to $25 million, following a $5 million seed round in December 2019 also led by Oak HC/FT. Proceeds were allocated to enhance the technology platform, expand telehealth capabilities, develop additional treatment programs, increase geographic reach, and hire new team members amid rising demand for pediatric behavioral health during COVID-19. CEO Naomi Allen emphasized the need for accessible family-focused care via telehealth and mobile app. Investors highlighted Brightline's evidence-based model addressing an underserved pediatric market exacerbated by the pandemic, with strategic partners like Boston Children’s Hospital praising its potential for scalable, high-quality care. Blue Shield of California noted the startup's outcomes-based approach and technology for tackling costly behavioral health challenges. |
| Dec 2019 | Seed | Oak HC/FT (lead) | $5M | $14M | Brightline is a virtual behavioral health platform focused on delivering care for children, teenagers, and families. The company provides accessible mental health services through telehealth, addressing needs like behavioral health conditions where historically 80% of affected children lacked appropriate treatment. On December 18, 2019, Brightline raised $5 million in a Series Seed round led by Oak HC/FT, achieving a post-money valuation of $14.29 million. This was the company's first funding round, with a price per share of $1.17. Subsequent rounds included a $20 million Series A on August 19, 2020, at a $69.01 million valuation, and later a Series B in June 2021 at $292.34 million. By March 2022, Brightline reached a $705 million valuation in a Series C round led by KKR, bringing total funding over $200 million. |
Who has invested in Brightline?
15 investors have backed Brightline across its funding rounds, including Oak HC/FT, Threshold, Blue Cross Blue Shield of Massachusetts, GV, City Light Capital and Optum Ventures.
Lead investors include Northwell Health, KKR, GV, Oak HC/FT and Threshold.
Brightline Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Dec 2019 | ||
| 3 | Participant | Aug 2020 | ||
| 3 | Lead | Aug 2020 | ||
| 2 | Lead | Jun 2021 | ||
| 2 | Participant | Jun 2021 | ||
| 2 | Participant | Aug 2020 | ||
| 2 | Participant | Aug 2020 | ||
| 2 | Participant | Jun 2021 | ||
| 2 | Participant | Aug 2020 | ||
| 2 | Participant | Aug 2020 | ||
| 1 | Lead | Mar 2022 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Jun 2021 | ||
This data is available for Pro users. Sign up to see all 15 Brightline investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialBrightline Competitors
Brightline competitors include listed companies like Talkspace and Teladoc, and private ones like Thrive Global, Doktor.se, Workit Health and SonderMind.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $700M | - | ||
| Private | $89M | - | $578M | 7.3x | ||
| Publicly listed | $229M | $6M | $871M | 3.4x | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $2.5B | $124M | $1.1B | 0.6x |
Brightline Public Comps
Brightline is still privately-owned, but its public comps include Talkspace, Evolent Health, Teladoc, Outset Medical, Everkind Wellness, Pasithea Therapeutics, TALI Digital, Kaya Holdings, Compass Pathways and ACADIA Pharmaceuticals.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $229M | $6M | 3.4x | 3.4x | 129.3x | 49.4x | |||
| $1.9B | ($365M) | 0.7x | 0.5x | (3.5x) | 9.4x | |||
| $2.5B | $124M | 0.6x | 0.6x | 11.3x | 5.0x | |||
| $119M | ($70M) | 0.1x | 0.1x | (0.2x) | (0.3x) | |||
| - | - | - | - | - | - | |||
| - | ($20M) | - | - | - | - | |||
| $166K | ($2M) | 16.6x | - | (1.7x) | - | |||
| $7K | ($1M) | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Brightline competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Brightline
| When was Brightline founded? | Brightline was founded in 2019. |
| Where is Brightline headquartered? | Brightline is headquartered in San Francisco, CA, United States. |
| Is Brightline publicly listed? | No, Brightline is a private, VC-backed company. |
| What is Brightline's valuation? | Brightline was last valued at $705M in its Series C in July 2022. |
| How much funding has Brightline raised? | Brightline has raised $205M across 5 funding rounds. |
| What was Brightline's last funding round? | Brightline's last funding round was a $10M Series C in July 2022, led by Northwell Health. |
| Who are Brightline's investors? | Brightline's investors include Oak HC/FT, Blue Cross Blue Shield of Massachusetts, Threshold, GV, 7wire Ventures, Blue Shield of California, Boston Children's Hospital, Optum Ventures, SemperVirens Venture Capital, City Light Capital and 5 others. |
| What is Brightline's revenue? | Brightline's latest recorded revenue is $32M (July 2022). |
| What is Brightline's revenue multiple? | Brightline's latest valuation implies a 22.0x revenue multiple ($705M valuation on $32M of revenue). |
| Which companies are comparable to Brightline? | Companies comparable to Brightline include Thrive Global, Doktor.se, Talkspace, Workit Health, SonderMind and Teladoc. |
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