Headway is expected to get a new $100 million investment from Spark Capital, Thrive Capital, Andreessen Horowitz and Accel.
That’s according to a new report from Bloomberg News, citing sources “familiar with the matter.” The new infusion of capital would put Headway’s valuation at more than $1 billion, making Headway the first digital behavioral health unicorn of 2023, reports Behavioral Health Business.
The New York-based startup created a digital platform that is designed to help connect patients to mental health providers in their insurance network. Headway also supplies behavioral health providers with a suite of free technology products that help remove administrative burdens. The company makes its money from commissions from the insurance providers it works with. Read more.
