Brightline’s $72 Million Series B Financing

Fenwick & West LLP advised Brightline on the deal.

Brightline, the first comprehensive behavioral health solution built specifically to care for children, teens, and their families across a range of common challenges, announced its $72 million Series B financing.

The round was led by GV (formerly Google Ventures), with participation from new investors Optum Ventures, 7wireVentures and Gaingels, as well as independent investor Debra Lee, Chairman and CEO Emeritus of BET Networks. Returning investors in the round include Oak HC/FT, Threshold Ventures, Blue Shield of California, Blue Cross Blue Shield of Massachusetts, SemperVirens VC and City Light Capital.

The new capital will be utilized primarily to scale Brightline’s care across the country. 

The Fenwick team included corporate partners Michael Esquivel (Picture) and Patrick Grilli and associates Myles Gutenkunst and Daniel Isaacson.

Involved fees earner: Michael Esquivel – Fenwick & West LLP; Patrick Grilli – Fenwick & West LLP; Myles Gutenkunst – Fenwick & West LLP; Daniel Isaacson – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Brightline;

Author: Martina Bellini