Headway Raises $125 Million at $1 Billion Valuation

Headway is a healthcare tech startup that helps users easily discover and connect with a therapist who meets their unique needs and preferences. By using advanced algorithms and an extensive network of therapists, the platform offers users a smooth, hassle-free experience, minimizing wait times and ensuring prompt access to care. Additionally, the platform supports teletherapy services, enabling individuals to access therapy sessions conveniently from the comfort of their own homes.

Headway has raised $125 million in Series C funding, which brings the company’s valuation to $1 billion. The new round was led by Spark Capital with participation from existing investors including Thrive Capital, Accel, and Andreessen Horowitz. Insurance company Health Care Service Corporation also joined the round.

Headway, New York, United States, was founded in 2018 by Andrew Adams, Dan Ross, Jake Sussman, and Kevin Chan. “Since we have removed the obstacles preventing you from starting and expanding your firms, we have witnessed a whole class of entrepreneur therapists. We’ve made it simpler to accept insurance, which has helped us draw in a lot more patients,” Andrew Adams, Headway’s CEO, said in an interview.

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