How Much Did Headway Raise? Headquarters, Funding & Key Investors

Headway has raised a total of $325.5 million across multiple funding rounds, most recently closing a $100 million Series D at a $2.3 billion valuation. Founded in 2019 and headquartered in New York, Headway is a mental health platform that connects patients with in-network therapists while streamlining practice management for providers. The company employs over 500 people and is scaling its impact across the U.S., including Medicare Advantage and Medicaid programs.

What is Headway and What Does It Do?

Founded by Andrew Adams, Dan Ross, Jake Sussman, and Kevin Chan, Headway helps people find affordable mental health care by matching them with therapists who accept their insurance. For patients, it streamlines booking and access to virtual or in-person sessions. For therapists, it automates insurance billing, credentialing, and scheduling. Headway’s platform enhances accessibility, alleviates administrative burdens, and fosters high-quality care.

How Much Funding Has Headway Raised?

1. Pre-Seed Round
   • Amount Raised: Not disclosed
   • Date: September 2018
   • Motivation: Test the idea and build the first product.
2. Seed Round
   • Amount Raised: $4.5M
   • Date: July 2019
   • Lead Investors: Accel
   • Motivation: Build the platform’s first version and onboard therapists.
3. Series A
   • Amount Raised: $26M
   • Date: November 2020
   • Lead Investors: Google Ventures, Thrive Capital
   • Motivation: Expand the engineering team and strengthen the platform during increased demand for remote therapy.
4. Series B
   • Amount Raised: $70M
   • Date: May 2021
   • Lead Investors: Andreessen Horowitz
   • Motivation: Nationwide scaling of therapist network and operational growth.
5. Series C
   • Amount Raised: $125M
   • Date: October 2023
   • Lead Investors: Spark Capital
   • Motivation: Expand services, enter new markets, and invest in infrastructure for long-term stability.
6. Series D
   • Amount Raised: $100M
   • Date: July 2024
   • Lead Investors: Spark Capital
   • Valuation at Round: $2.3B
   • Motivation: Expand into Medicare Advantage and Medicaid programs, reaching millions of new patients.

Total Funding Raised: $325.5M

Latest Funding Date: July 2024

Current Valuation: $2.3B

Key Investors

1. Spark Capital
   • Details: Venture firm backing innovative technology and healthcare companies.
   • Investment Focus Areas: Software, consumer technology, healthcare
   • Notable Investments: Twitter, Slack, Oculus
2. Thrive Capital
   • Details: Venture capital firm investing in internet and software companies.
   • Investment Focus Areas: Internet, software, consumer tech
   • Notable Investments: Instagram, Stripe, Robinhood
3. Accel
   • Details: Early-stage venture firm backing technology companies.
   • Investment Focus Areas: Software, consumer, tech startups
   • Notable Investments: Facebook, Dropbox, Spotify
4. Andreessen Horowitz (a16z)
   • Details: Venture capital firm investing in early- and growth-stage technology companies.
   • Investment Focus Areas: Software, consumer, enterprise
   • Notable Investments: Airbnb, GitHub, Lyft
5. Forerunner Ventures
   • Details: Venture capital firm specializing in consumer-focused technology.
   • Investment Focus Areas: E-commerce, consumer tech, marketplaces
   • Notable Investments: Glossier, Warby Parker

Where Is Headway’s Headquarters?

Headway is headquartered in New York, New York, providing access to a hub for healthcare, technology, investors, partners, and talent.

What’s Next for Headway?

Headway plans to expand into Medicare Advantage and Medicaid, aiming to reach over 100 million Americans, while strengthening platform infrastructure and expanding its provider network. The company also focuses on maintaining regulatory compliance as it scales access to care.

With a $2.3 billion valuation, Headway is well-positioned for further growth, potentially through additional funding or a future IPO. Success will depend on balancing accessibility, compliance, and high-quality care in an evolving healthcare landscape.

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