Bicycle Health raises $16.5 million

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, a provider of virtual opioid use disorder (OUD) treatment in the US, has secured $16.5 million in funding, led by Questa Capital with participation from existing and new investors, bringing its total funding to $103 million. The company achieved operating profitability in Q4 2024, reinforcing its sustainable growth model as it scales nationwide.

Since its founding, Bicycle Health has treated over 40,000 patients across 49 states and collaborates with all major payors. The new funding will support expanding partnerships with health systems, hiring addiction specialists, and enhancing its technology platform to serve high-risk populations, including adults in custody.

The company also expanded its leadership team, appointing Manu Kuppalli as CFO and Andy Thomas as COO, both bringing extensive experience in healthcare finance and operations.