Bicycle Health, a provider of virtual opioid addiction treatment, announced a Series B funding round of $50 million led by InterAlpen Partners, bringing the company's total funds raised to $83 million. Other participants in the round include existing investors Questa Capital, Frist Cressey Ventures, and City Light Capital.

Founded in 2017 to address the ever-worsening opioid epidemic, Bicycle Health helps more patients access stigma-free, affordable addiction treatment than ever before. Today, the company has become the leading provider of virtual opioid addiction treatment, reducing OUD symptoms in over 15,000 patients and saving the healthcare system over $1.1 billion.