Battery Ventures, a global, technology-focused investment firm focused on healthcare software, has formed a new, cloud-based platform called Behavioral Holdings to help behavioral-health and human-services organizations operate more effectively. These critical organizations, many of them community-based, include mental health centers, addiction-treatment services, intellectual, developmental-disabilities and autism services, child and family services and special-education organizations, among others. Battery has made strategic investments in Welligent and DATIS, both of which will continue to operate independently under their own brands beneath the Behavioral Holdings corporate umbrella.
The platform will be led by Mark Belles and Jason Parkman will join as board chairman.
“We are so excited to work with these top executives, including the leaders of Welligent and DATIS, as we build Behavioral Holdings to deliver a compelling, end-to-end software suite for many types of health-and-human services organizations—and arm them with the more-modern, cloud-based software they need to stay competitive and operate more efficiently today,” said Chelsea Stoner, a Battery Ventures general partner who will join the Behavioral Holdings board.
“The Covid-19 pandemic has accelerated the digital-transformation process at many health-focused companies, spurring them to upgrade technology to accommodate new trends like telehealth and mobile access to health records,” Stoner continued. “Behavioral Holdings, as well as our core partners Welligent and DATIS, are well-positioned to benefit from this trend, and can make a big difference in the services these companies can provide.”