Alma
Alma is a membership-based platform that simplifies access to high-quality, affordable mental health care by providing practice management software, insurance credentialing, billing, EHR, and a 22,000+ provider directory for mental health therapists. The platform helps independent clinicians accept insurance, manage operations, and build thriving private practices while connecting patients with in-network mental health providers.
Acquired
Alma has been acquired
This company is no longer available on our private secondary market.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2017
Employees
200–500
Total Funding
$216M
4 rounds
Latest Valuation
$0.8B
Aug 1, 2022
Secondary Signals (Note: SetterVC does not verify the accuracy of these)
2 signalsSpring Health completed its acquisition of Alma, combining the two mental health platforms.
Alma no longer trades as an independent company; any future liquidity runs through Spring Health.
Alma laid off about 45 staffers in operations/CX roles while working through the Spring Health merger.
Minor headcount reduction pre-close; reported as unrelated to deal terms.
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $216M across 4 rounds
Last updated 09-29-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Aug 2022 | Series D Press release | $130M | $0.8B | Thoma Bravo |
| Aug 31, 2021 | Series C Press release | $50M | — | Insight Partners |
| Feb 2, 2021 | Series B Press release | $28M | — | Insight Partners |
Prominent Investors
Leadership
Harry Ritter
Founder & CEO
Chris Davis
CFO
Nick Thuesen
CTO
Laura Scott
COO
Erik Lumer
Chief Product Officer
Chiddy Onyia
General Counsel
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