Thrive Therapies Raises $7.7M to Scale In-School Healthcare for Children With Disabilities

Dallas-based Thrive Therapies, a tech-enabled pediatric healthcare company, has raised $7.7 million in a round led by Austin's LiveOak Ventures, the company announced on October 22. Activate Venture Partners and the Charter School Growth Fund also participated.

Care Delivered Inside Schools

Thrive delivers therapy, evaluations and behavioral health care inside schools to students with disabilities. It also offers Medicaid revenue cycle management and outcomes reporting.

The company works with more than 200 schools and districts across six states — Florida, North Carolina, Ohio, Tennessee, Texas and Washington — under multi-year contracts, with more deployments underway.

Outcomes Behind the Raise

According to the company, Thrive has documented more than 18,000 therapy sessions to date. More than 85% of its students met their annual IEP goals, and 46% met their goals and no longer required services, compared with a national average near 8%.

The Founder

Founder and CEO Dr. Kristin McGraner spent eleven years as founder and CEO of STEM Preparatory Academy in Tennessee. She previously directed federally funded research teams at Vanderbilt's Peabody College and has testified before state legislatures on special education.

"The constant was that nobody could tell us precisely what a child needed, early enough to matter," McGraner said.

What the Funding Supports

Thrive will use the capital to expand into new markets, grow its clinical teams and advance Thrive Clinical, its clinical intelligence platform.

Krishna Srinivasan, board member and founding partner at LiveOak Ventures, said the round signals "a massive shift in how special education services are delivered, measured and paid for."

Source

Business Wire via StockTitan — "Thrive Therapies Raises $7.7 Million to Scale Healthcare for Children with Disabilities Inside Schools"