Headway, a NYC-based mental healthcare tech startup, reportedly raised $125m in Series C funding.
According to Reuters, the round, which valued the company at $1 billion, was led by Spark Capital, with participation from existing backers Thrive Capital, Accel, and Andreessen Horowitz, as well as Health Care Service Corporation.
The company intends to use the funds to expand operations and its business reach.
Led by founder and CEO Andrew Adams, Headway is building a healthcare system that allows people to find quality in-network mental health care by removing historic barriers faced by mental health providers, payers, and patients. Headway has built a software-enabled network of therapists who accept health insurance. Launched in April of 2019, the company is now powering 300,000+ appointments per month.
FinSMEs
05/10/2023