Breakthrough, a Redwood City, Calif.-based provider of online counseling and psychiatry services, received $5m in Series A financing.
The round was led by Social+Capital Partnership with participation from First Round Capital, Great Oaks Venture Capital, Keith Rabois (former COO of Square), Kapor Capital, Morado Ventures, and Matt Douglass (co-founder of Practice Fusion).
The company intends to use the funds to scale its engineering, sales, and marketing teams, as well as to expand its network of credentialed psychiatrists and therapists.
Led by Mark Goldenson, CEO, Julian Cohen, COO, Andy Neuschatz, VP of Engineering, Dr. Mark Levine, Chief Medical Information Officer, Breakthrough Breakthrough offers an online counseling and psychiatry service, where people can find, book, and talk to licensed mental health providers. They can search detailed profiles of licensed therapists, watch therapist video introductions, book online appointments, and get live care via HD videoconferencing from anywhere with Internet access, including their home.
The company currently covers two million members of health plans such as Blue Shield of California and Magellan.