Fenwick represented Brightline, a leader in technology-enabled pediatric behavioral healthcare, in its $20 million Series A financing. The round was led by Threshold Ventures and previous investor Oak HC/FT. Leading healthcare organizations Blue Shield of California, Blue Cross Blue Shield of Massachusetts and Boston Children’s Hospital joined the round, as well as SemperVirens VC, Rock Health and City Light Capital.
Brightline plans to use the funds primarily to enhance its technology and innovations, expand telehealth capabilities and treatment programs, and grow the team to support children and families across the country. More information can be obtained from Brightline’s announcement.
The Fenwick transaction team included corporate partner Michael Esquivel and associates Patrick Grilli and Najee Thornton.