ThIA Santé Mentale raises €5M Series A to scale coordinated psychiatric care across France
What's the deal? Montpellier-based ThIA Santé Mentale has raised €5M to expand its coordinated psychiatric care model across France. The round drew backing from IRDI Capital InvestissementDealroom has a profile for this one. Try Dealroom →, Sofilaro Innovation, GeneraliDealroom has a profile for this one. Try Dealroom →, AG2R La MondialeDealroom has a profile for this one. Try Dealroom →, individual investors via TudigoDealroom has a profile for this one. Try Dealroom →, and practitioner partners.
Founded in 2022 by Dr Yann Quintilla and Frédérique Mozziconacci, ThIA built AviPsy — a platform that coordinates care between psychologists and psychiatrists. It has already treated more than 30,000 patients and cut the average wait time for psychiatric care from 67 days to nine.
The funds will go toward territorial expansion, insurer and corporate partnerships, digital tools, and a remote-monitoring device designed to prevent depressive relapses. ThIA aims to reach 100,000 patients per year by 2030.
Why now? France's mental health system is under severe strain. The average wait to see a psychiatrist exceeds 67 days, according to the Haut-commissariat au Plan. Mental health is already the single largest expense for France's national health insurance, costing more than €23B a year.
ThIA's clinical results give investors a concrete proof point: patients using its model saw a 38% drop in anti-anxiety drug use and a 58% reduction in sick leave.
What could go wrong? Scaling a care-coordination model that relies on recruiting and retaining psychiatrists and psychologists is hard in a market defined by professional shortages. Expanding beyond Montpellier will test whether the approach works in regions with even fewer practitioners.
Regulatory hurdles around its digital remote-monitoring device could also slow deployment. And convincing insurers and employers to pay at scale will require sustained evidence that clinical outcomes translate into real cost savings.
The signal: The participation of major insurers Generali and AG2R La Mondiale — both corporate investors with direct exposure to mental health costs — suggests payers see ThIA's coordination model as a route to tangible savings, not just better outcomes. Crowdfunding platform Tudigo's involvement alongside institutional backers like IRDI Capital Investissement points to a round designed as much to embed stakeholder buy-in from practitioners and patients as to raise capital, a useful foundation for a company whose scaling depends on clinician recruitment across underserved regions.
Read more: finyear.com
