Funding Announcement
In a significant move to enhance behavioral health services, Ritten, a cutting‑edge AI‑driven platform for mental health and addiction treatment providers, has secured $35 million in Series B funding. The investment round was spearheaded by Five Elms Capital, with contributions from existing investors such as Threshold Ventures, 8VC, and Bienville Capital.
Growth and Vision
The fresh capital will fuel Ritten’s expansion efforts across various levels of care within the behavioral health sector. Noah Whitehead, CEO of Ritten, expressed enthusiasm about the new partnership, stating that Five Elms Capital shares their vision of providing advanced tools to reduce friction and improve care for behavioral health providers. This collaboration aims to accelerate the development of AI‑driven solutions, support clinicians and staff, and scale operations to meet the unique needs of behavioral health facilities.
Platform Overview
Since its inception in 2020, Ritten has been committed to empowering behavioral health practitioners with top‑tier care tools. Their innovative platform integrates electronic medical records, customer relationship management, and revenue cycle management into a single, modern AI‑enabled system. This integration streamlines the entire patient and clinician journey, from referrals and admissions to scheduling, charting, compliance, and billing, across both outpatient and residential settings. By leveraging AI, Ritten’s technology reduces administrative burdens and burnout for staff while enhancing operational efficiencies and growth for healthcare facilities.
Partner Perspective
Ryan Mandl, a Partner at Five Elms Capital, highlighted the transformative potential of Ritten’s platform. He noted that Ritten is revolutionizing a sector long plagued by fragmented and outdated technology. The platform unifies essential systems, enabling practices to grow, operate efficiently, and deliver high‑quality treatment. Mandl expressed excitement about being part of Ritten’s next growth phase.
Future Plans
The investment from Five Elms Capital will not only support Ritten’s expansion but also advance their AI capabilities in practitioner support and revenue cycle management. The company plans to further integrate AI‑powered workflows, enhance customer support offerings, and develop enterprise capabilities to cater to the evolving needs of treatment organizations of all sizes.
