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

Headway, founded in 2012 and based in New York City, has raised a total of $321 million across five funding rounds, reaching a $2.3 billion valuation in July 2024. The company secured $4.5M in Seed (2019), $26M in Series A (2020), $70M in Series B (2021), $125M in Series C (2023), and $100M in Series D (2024), led by Spark Capital. With 501-1,000 employees, Headway connects users with insured therapists for affordable, accessible mental healthcare, backed by investors like Andreessen Horowitz, Thrive Capital, and Accel.

How Much Did Headway Raise? Funding & Key Investors

Headway has raised significant capital across multiple funding rounds, most recently securing $100 million in July 2024, led by Spark Capital, at a $2.3 billion valuation. Founded in 2012, Headway focuses on making mental healthcare more accessible by connecting users with therapists who accept insurance.

What Is Headway and What Does It Do?

Headway, founded by Andrew Adams, Dan Ross, Jake Sussman, and Kevin Chan in 2012, is a New York City-based mental healthcare platform. The company simplifies access to mental health services by connecting users with licensed therapists, supporting both video and in-person sessions, and managing insurance logistics.

With a team of 501-1,000 employees, Headway also empowers therapists by enabling them to accept insurance and manage administrative tasks efficiently. The platform serves healthcare providers, patients, and insurers, aiming to make mental health services affordable, accessible, and streamlined.

How Much Funding Has Headway Raised?

1. Seed Round

Amount Raised: $4.5M
Date: July 2019
Lead Investors: Accel
Motivation: To build the initial platform and start onboarding therapists.

2. Series A

Amount Raised: $26M
Date: November 2020
Lead Investors: Google Ventures, Thrive Capital
Motivation: To expand the team and enhance platform capabilities.

3. Series B

Amount Raised: $70M
Date: May 2021
Lead Investors: Andreessen Horowitz
Motivation: To scale operations and increase therapist participation.

4. Series C

Amount Raised: $125M
Date: October 2023
Lead Investors: Spark Capital
Motivation: To expand into new markets and enhance service offerings.

5. Series D

Amount Raised: $100M
Date: July 2024
Lead Investors: Spark Capital
Motivation: To accelerate platform development and expand services to Medicare Advantage and Medicaid.

Total Funding Raised: $321 Million

Current Valuation: $2.3 Billion (as of July 2024)

Latest Funding Date: July 2024

Key Investors

1. Spark Capital

Details: Venture capital firm investing in early and growth-stage companies with a focus on disruptive technology.
Investment Focus Areas: Technology startups, consumer, commerce, media.
Notable Investments: Twitter, Slack, Oculus.

2. Thrive Capital

Details: Venture capital firm supporting rapidly scaling internet and software companies.
Investment Focus Areas: Internet, software, consumer, enterprise.
Notable Investments: Instagram, Stripe, Robinhood.

3. Accel

Details: Global venture capital firm with a strong track record in early and growth-stage tech investments.
Investment Focus Areas: Software, consumer internet, digital media.
Notable Investments: Facebook, Dropbox, Spotify.

4. Andreessen Horowitz

Details: Venture capital firm investing across technology stages, known for extensive network support.
Investment Focus Areas: Technology, software, fintech, bio, crypto.
Notable Investments: Airbnb, GitHub, Lyft.

5. Forerunner Ventures

Details: Early-stage venture capital firm focusing on commerce and consumer brands.
Investment Focus Areas: Commerce, consumer, retail technology.
Notable Investments: Glossier, Warby Parker, Dollar Shave Club.

Where Is Headway’s Headquarters?

Headway is headquartered in New York City, New York, United States, providing access to a vibrant healthcare tech ecosystem and enabling collaboration with insurers, providers, and technology partners.

What’s Next for Headway?

Headway is expanding services to include Medicare Advantage and Medicaid, targeting over 100 million potential users. With a $2.3 billion valuation and firm investor backing, the company is positioned for additional fundraising or a possible IPO. Challenges include navigating Medicare/Medicaid compliance and scaling operations to meet growing demand, but the opportunity to transform mental healthcare accessibility remains substantial.

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