KKR Values Behavioral-Health Startup Brightline at $705 Million

Brightline, a provider of virtual behavioral-health services to children and their families, said it is valued at $705 million after raising $105 million from investors led by KKR & Co.

Existing investors including Alphabet Inc.’s venture arm GV, Optum Ventures, Oak HC/FT Partners, Threshold Ventures and Blue Cross Blue Shield of Massachusetts participated in the funding round, said Naomi Allen, co-founder and chief executive officer of Palo Alto, California-based Brightline.