Owl Insights Secures Strategic Investment Co-led by Ascension Ventures & Blue Venture Fund

Owl Insights Inc., the leading provider of precision-guided behavioral health (BH) care management
technology, today announced the completion of an equity financing from a syndicate of investors led by
Ascension Ventures and co-led by Blue Venture Fund. In addition, First Trust Capital Partners and existing
investors, including The Entrepreneurs’ Fund and Portland Seed Fund, completed the financing round.

“We are excited to have Ascension Ventures, Blue Venture Fund and First Trust Capital Partners join us as
strategic investment partners at this time,” said Eric Meier, chief executive officer of Owl Insights. “This
financing further validates our business strategy and momentum during what has been a very tumultuous year
for the healthcare industry, with millions of Americans of all ages suffering from mental and behavioral health
conditions. There has never been greater need to improve lives by harnessing innovation, technology,
telehealth, and data to improve access, guide care, and truly understand the effectiveness of treatment.”

Stephen Plume, managing director of The Entrepreneurs’ Fund and the organization’s longest standing
institutional investor shared, “We are very pleased with the company’s growth rate, strong reference accounts,
trajectory, and impact on the behavioral health community.”

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