Brave Health is a virtual-first behavioral health provider focused on mental health and addiction care, especially for Medicaid populations. It offers therapy, psychiatry, case management, and medication-assisted treatment through an online platform.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Brave Health shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
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| Date | Round | PPS (split-adj.) | Valuation |
|---|---|---|---|
| 2022 | Series C |
Brave Health raised $40 million in a Series C led by Town Hall Ventures, bringing total funding to $60 million. The company said the capital will support expansion into new and existing markets and more value-based care contracts.
Brave Health is a virtual-first behavioral health provider focused on serving Medicaid populations. It offers therapy, psychiatry, case management and medication-assisted treatment for mental health and addiction services that are often hard to access locally.
Brave Health was described as the largest virtual mental health provider and engagement platform focused on serving Medicaid populations. The company said the Series C would help expand value-based care arrangements and reach more underserved patients across new and existing markets.
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No. As of March 2026, Brave Health is a private company and does not trade on any public stock exchange. Accredited investors can access Brave Health shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Brave Health does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Brave Health shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Brave Health shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Brave Health provides virtual-first mental health and addiction care, serving Medicaid and other insured patients through 200+ plans, and raised a $40M Series C to expand into new markets— accredited investors can access Brave Health stock through UpMarket.