Talkspace, a NYC-based provider of an online therapy platform, closed a $31m Series C financing round.
The round was led by Qumra Capital, with participation from existing investors Norwest Venture Partners, Spark Capital, SoftBank, Compound Ventures and FirstTime. In conjunction with the funding, Erez Shachar, a Managing Partner at Qumra Capital, will join the Talkspace board of directors.
The company intends to use the funds to accelerate growth.
Founded in 2012 by Oren Frank, CEO, Talkspace has introduced an online mental health therapy platform that connects people with licensed therapists through its web and mobile apps. The company0s flagship product, Unlimited Messaging Therapy™, has already been used by more than 500,000 people to contact a therapist.