Owl Insights secured funding from Blue Venture Fund and Ascension Ventures to advance its product development and distribution.

Owl Insights, a US-based mental health therapy evaluation spinout of University of Washington, has collected $15.5m in a round co-led by Blue Venture Fund, the corporate venture affiliate of healthcare services provider BlueCross BlueShield, according to Portland Business Journal.

Ascension Ventures, a venture capital firm backed by 13 health systems, also co-led the round with participation from venture capital firm First Trust Capital Partners, regional VC vehicle Portland Seed Fund and Entrepreneurs Fund.

Founded in 2013, Owl Insights has built a…