The round was led by Peloton Equity, with participation from existing investors including SV Health Investors, BPEA Private Equity, and SOSV.

Over their lifetime, 1 in 10 adults will struggle with alcohol use disorder, the third-leading cause of preventable death in the United States. Ria Health envisions a world with accessible, effective, and compassionate treatment for people who suffer from alcohol misuse. Ria Health is the first evidence-based telehealth treatment program for people who want to drink less and live better by changing their relationship with alcohol. Ria Health combines medical science, technology, and human compassion to help people rapidly improve their lives with a simple, online alcohol treatment program that works.