Mental-Health Startup Alma Valued at $800 Million in Investment

Alma, a mental-health startup that helps therapists manage their practices and contract with insurers, raised $130 million from backers including private equity firm Thoma Bravoand Cigna Corp.’s venture capital arm, the company said.

The deal values Alma at about $800 million, according to a person familiar with the situation, who asked not to be named discussing private information.

A growing number of investor-backed startups are trying to meet rising demand for mental-health treatment, a trend that was amplified by the pandemic. Harry Ritter, the physician who founded Alma in 2017, said the company seeks to enable solo ...