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Access to therapy is one of the most glaring issues within the mental health system, as 70%+ of therapists don't take insurance. @try_headway is tackling this head-on. Our latest investment alongside @sparkcapital, @a16z, @Accel and @ThriveCapital: https://t.co/vkjVYEL1ID
To improve the mental healthcare system for all Americans, @try_headway has built the largest provider network in the country, helping everyone get the right care from the right therapist, covered by insurance. We’re inspired by the work of @andrewlangadams and the team, and… https://t.co/W3cAiTl4OR
Headway continues to lead the industry, building the definitive mental healthcare network. This investment marks 5 yrs since our original seed and remains among the most important work I'll ever do. An incredible mission and team led by @andrewlangadams https://t.co/peJKHz7Ij3
Mental health startup Headway announced on Tuesday that it has raised $100 million in a late-stage funding round. The round was led by venture capital firm Spark Capital and more than doubled Headway's valuation to $2.3 billion. The company, which has built the largest provider network in the country, aims to improve access to mental healthcare by ensuring therapists are covered by insurance. Headway is also expanding its services into Massachusetts and Medicaid. Other investors in this round include a16z, Accel, and Thrive Capital. Over the past 18 months, Headway has worked towards building a new mental healthcare system, addressing the issue that 70%+ of therapists don't take insurance.
