Mental Health Startup Headway Raises $125M at $1B Valuation

Headway, a healthcare tech startup that connects patients and in-network therapists, has raised $125 million in Series C funding, the company told Reuters.

The round of financing, which valued the company at $1 billion, 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.

Based in New York, Headway’s platform connects patients with therapists and psychiatrists who can provide care covered by insurance. It also offers billing and claims software for providers. Read more.

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