* Funding Co-Led by a National Healthcare Insurance Company and AlleyCorp, with participation from Health Velocity Capital Investment accelerates technology-enabled, community-centered care model.

San Francisco, CA -- Vanna Health, a value-based health technology company that provides integrated mental and chronic health support through community-based coaching, today announced the close of a $17 million funding round. The round was co-led by a national insurer and AlleyCorp, with participation from Health Velocity Capital. The funding will support the expansion of Vanna Health's clinical reach, deepen its technology infrastructure, and bring its recovery-oriented care model to more communities across the country.

Serious mental illness, including schizophrenia, schizoaffective disorder, and bipolar disorder affects approximately 14 million Americans. Yet despite decades of clinical research, a significant gap remains between the care proven to improve outcomes and the care many individuals actually receive. Vanna Health was founded to close that gap, deploying an integrated, technology-enabled model that meets people where they are - in homes, in communities, and in relationships that support lasting recovery and wellbeing.

A Model Built for Impact at Scale

Vanna Health combines evidence-based clinical care, community integration, and proprietary technology to support individuals with SMI in achieving not just stability, but meaningful, lasting recovery. The company works directly with health insurance companies and community partners to deliver coordinated, person-centered care that addresses the full complexity of SMI, including the social, behavioral, and medical factors that drive outcomes and costs.

The new funding will enable Vanna Health to accelerate its expansion into new markets. The company is currently in four states, and plans to grow its clinical and operational teams, along with further developing the technology platform that enables its care model to scale without sacrificing quality or human connection.

Quotes from Leadership and Investors

Alexi Nazem, AlleyCorp: "AlleyCorp backs founders solving healthcare's hardest problems, and Vanna Health is doing exactly that. Severe mental illness is clinically, socially, and financially devastating. Vanna has proven a model that significantly improves the lives of people facing these challenges while reducing systemic costs. It's a rare win-win, and we are proud to lead this round and help this uniquely capable team scale their impact nationwide."

Kristin Torres Mowat, Health Velocity Capital: "We seek to partner with companies tackling healthcare's most complex and costly challenges with pragmatic models that can scale and deliver measurable outcomes. Vanna is doing exactly that. The team has built a differentiated approach to serving individuals living with serious mental illness, combining evidence-based care, community support, and technology in a way that benefits members, payers, and providers alike. We are excited to work with and support the Vanna team as it scales its model and expands access to high-quality care."

Giovanni Colella, Co-Founder Executive Chairman, Vanna Health: "Vanna Health is not just a company, it's a labor of love. I named it after my mother because she inspired me. She spent her whole life caring for my father, who lived with a serious mental illness, and she did it with a love I have never stopped feeling. We built Vanna so every patient we treat and every life we touch can feel that same love, and so every member gets the chances my father never had before he lost his battle with depression to suicide. This is more than a mission. It's a statement. My mother never gave up on my father, and we will never give up on the people who count on us. We see it every day in the eyes of the people we help, in a smile that says more than any thank you ever could."

Dr. Liz Kwo, CEO, Vanna Health: "This funding is a powerful affirmation that the future of healthcare is rooted in people, place, and purpose. At Vanna Health, we are building care that helps people not only stabilize, but truly flourish. We believe healing happens through connection, dignity, and belonging, supported by technology that strengthens rather than fragments human care. This investment will allow us to deepen our impact, expand our reach, and continue building communities where people with serious mental illness can live fuller, healthier, and more purposeful lives."

About Vanna Health

Vanna Health is a technology-enabled healthcare company dedicated to transforming the lives of individuals living with serious mental illness. Through an integrated, community-centered care model, Vanna partners with health insurance companies to deliver evidence-based care that supports stability, recovery, and lasting well-being. Vanna believes that healing happens through connection, dignity, and belonging - and that with the right support, people with serious mental illness can live fuller, healthier, and more purposeful lives.

For more information, visit [https://vanna.health].

About AlleyCorp

AlleyCorp is a New York-based venture firm that co-founds and invests in technology companies solving meaningful problems in healthcare, education, and financial services. AlleyCorp takes an active role in company building, working closely with founders from the earliest stages of company formation through scale.

For more information, visit [www.alleycorp.com].

About Health Velocity Capital

Health Velocity Capital invests exclusively in innovative healthcare software and services companies with a mission of generating outstanding financial returns while contributing to a more affordable, sustainable, consumer-friendly healthcare system.

For more information, visit [www.healthvelocitycapital.com/]

Media Contact

Elisa Kamimoto

elisa.kamimoto@vanna.health

415-302-3148

Forward-looking statements in this release are based on current expectations and are subject to risks and uncertainties. Actual outcomes may differ materially.