June 22, 2021

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Andreessen Horowitz-Backed Headway Raises $70M To Expand Its Therapist Consultation Platform

Headway, a mental health consultation platform, has raised $70M in a Series B funding with participation from Andreessen Horowitz, Thrive Capital, Google Ventures, and Accel.

How’s the company performing?

  • New York-based Headway connects patients, in-network and private practice therapists, and insurance providers.
  • The number of therapists on its platform has swelled in the last 6 months, growing from 1,800 in November 2020 to over 3,000 currently.
  • Headway has helped facilitate over 300,000 appointments to date, averaging 30,000 each month. Each month, 2,000 patients join the platform.
  • The company reported its net revenue increased by 9x and its team quintupled to more than 75 employees in the last year.
  • The insurers listed on its platform include Aetna, United Healthcare, Cigna, Oscar, and Oxford.

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The post Andreessen Horowitz-Backed Headway Raises $70M To Expand Its Therapist Consultation Platform appeared first on CB Insights Research.