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#618 by ARRNew York, UShelloalma.com ↗

Alma

Membership network and practice-management platform helping independent therapists accept insurance and reach patients seeking affordable mental health care.

ARR
$230M revenue (est.)
as of Oct 2026
Employees
1.3K
as of Oct 2026
Valuation
—
latest round
ARR / employee
$177K
revenue efficiency
About Alma

Alma runs a membership-based network that helps independent therapists accept insurance, with tools for credentialing, billing, scheduling and an EHR that added generative-AI progress notes in 2024; patients use its free directory to find in-network providers. Providers pay a flat monthly membership fee plus a share of insurance reimbursements, and Alma has partnerships with Optum, Cigna and Aetna. Founded in 2017, it raised about $220M, including a $130M Series D led by Thoma Bravo in August 2022, and was acquired by Spring Health in January 2026.

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