ApideckTape
← Embedded Finance Index 2026

Valant

“Can a behavioral-health-native EHR own the operating and revenue-cycle stack for outpatient/IOP/PHP mental health practices?”

Founded2005
HQSeattle, Washington, United States
FoundersDavid Lischner
Total raised$26.3M
Latest roundDebt Refinancing
IndustryVertical SaaS / Healthcare
The story

Valant was founded in 2005 as a behavioral-health-specific EHR, born from a practicing psychiatrist's frustration with generic EHRs. Over 20 years it has layered practice management, billing, telehealth, patient portal (MYIO), and integrated credit card processing on top of the clinical core. The embedded finance angle is narrow and payment-centric: Valant is a Registered Partner/ISO of Elavon for card acceptance, with no evidence of banking, lending, or payroll extensions.

Last 12 months
2025-05
2025
Product timeline
2005
Valant founded by psychiatrist David Lischner to build a behavioral-health-specific EHR.· pivot
2014
Raised $11M private equity to expand EHR/e-billing into public behavioral health market.· banking
2025
Earned HITRUST i1 Certification for data security.· pivot
The stack
1 layer disclosed in Valant’s embedded-finance stack
Payments / PSP
Elavon
Accounting gap: significant

Valant — frequently asked

Who is Valant's payment processor?

Valant processes payments through Elavon.

Who founded Valant?

Valant was founded by David Lischner and is founded in 2005, headquartered in Seattle, Washington, United States.

How much funding has Valant raised?

Valant has raised $26.3M in total (latest round: Debt Refinancing).

Benchmark your own stack

Request an embedded finance strategy assessment

Get a read on where your own stack stands against Valant and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.

  • Your category, mappedHow your stack compares to Valant and the other companies in its category.
  • Build vs. buyWhere a provider relationship would close a gap faster than building it.
  • A named analyst, not a form replyA short call to scope what's actually worth assessing for you.

No newsletter, no sharing your address. We use this to reach out about the assessment and nothing else.