Greenspace Health Secures Series B Investment from ABS Capital to Innovate Behavioral Health
Greenspace Health, a leading provider of SaaS Measurement-Based Care (MBC) technology, has successfully secured a Series B growth equity investment from ABS Capital Partners. This strategic investment will support Greenspace’s continued expansion and innovation, strengthening its position as the most widely used and trusted MBC technology solution in the behavioral healthcare industry. With this backing, Greenspace aims to elevate data-driven insights, improve provider efficiency, and enhance clinical outcomes across the sector.
Greenspace’s platform has already been implemented in over 500 locations, including clinics, hospitals, community organizations, insurers, and health systems. To date, the platform has facilitated more than 5 million assessments, helping behavioral health providers to improve patient care, foster client engagement, and support the transition to value-based care. The investment reflects the growing recognition of Greenspace’s pivotal role in reshaping behavioral healthcare with evidence-based measurement solutions that drive innovation and improve clinical effectiveness.
Jeremy Weisz, CEO and Co-Founder of Greenspace, emphasized the importance of MBC in today’s behavioral healthcare landscape: “As the demand for high-quality, outcomes-driven behavioral healthcare increases, Measurement-Based Care is no longer optional—it’s essential for ensuring individuals receive meaningful care that leads to improvement.” He added, “Through our partnerships with hundreds of behavioral health organizations, Greenspace has been at the forefront of this movement, enabling providers to measure and enhance care effectiveness with real-time, clinically useful data. With this investment, we will advance the next generation of MBC technology to ensure providers have the insights they need to deliver top-quality care.”
Greenspace’s platform supports mental health providers by enabling the seamless integration of real-time, evidence-based measurements, often referred to as patient-reported outcome measures (PROMs). This approach has been shown to improve clinical decision-making, increase patient engagement, and generate valuable data that enhances care coordination and delivery. The platform also ensures high privacy and security standards. Data from organizations using Greenspace shows a 49% average improvement in patient symptoms and an 81% average therapeutic alliance score, highlighting the effectiveness of MBC in enhancing care quality.
Cal Wheaton, Partner at ABS Capital, will join Greenspace’s board of directors. He expressed enthusiasm for the partnership, stating, “We are excited to work with Greenspace Health as they lead the future of Measurement-Based Care in behavioral health. The need for real-time data and insights has never been greater, and Greenspace is uniquely positioned to transform care delivery, improve clinical outcomes, and enable value-based models. Jeremy, Simon, and their team have aligned mission, culture, and value-add capabilities, and we look forward to supporting their continued growth and impact.”
The Series B investment will help Greenspace further streamline the implementation of MBC across organizations and health systems. The company will focus on simplifying adoption, guiding change management, and fostering collaboration between providers, clinics, community organizations, hospitals, EHRs, and insurers. By equipping providers with advanced data-driven tools, Greenspace is driving operational efficiency and better care delivery, scaling these improvements across the healthcare system.
Simon Weisz, President and Co-Founder of Greenspace, noted, “The behavioral health industry has long lacked the data and insights necessary to drive continuous innovation and meaningful improvements in quality. As value-based care expands across North America, our clinical partners increasingly recognize MBC’s fundamental role in improving care quality, demonstrating impact, and securing value-based care agreements.”
Behavioral healthcare is at a pivotal moment, with data and measurement playing an increasingly crucial role in shaping its future. Greenspace is at the forefront of this transformation, committed to ensuring that providers, service organizations, health systems, and policymakers have the tools and insights necessary to deliver more effective, accountable, and person-centered care. By driving the widespread adoption of Measurement-Based Care, Greenspace is setting a new standard for high-quality, data-driven behavioral healthcare.
About Greenspace Health
Greenspace Health is transforming mental health services by improving how mental healthcare is accessed, measured, and delivered. Their Measurement-Based Care platforms allow providers and organizations to integrate consistent, evidence-based measurements (often referred to as routine patient-reported outcome measures or PROMs) into their practices. This model has been proven to significantly enhance patient outcomes while generating valuable data that improves care quality. Greenspace’s MBC solutions are implemented across over 500 community and private clinics, hospitals, payors, insurers, and healthcare systems, enhancing patient experiences and driving better care coordination and outcomes.
