Headway Raises $100M in Series D Funding
Summary
The round was led by Spark Capital, with participation from existing investors Thrive Capital, Accel and a16z, and new investor Forerunner Ventures. The company intends to use the funds to accelerate platform development to simplify private practice operations so providers can focus on delivering excellent clinical care. Led by CEO and Founder Andrew Adams, Headway is building a mental healthcare system where everyone can get the right care from the right therapist, covered by insurance. Today, it is a mental health provider network with 34,000 providers across race, gender, ethnicity and specialty working with it to run their private practice. Commenting on the news, Andrew Adams said: “This funding positions Headway to accelerate our expansion into Medicare Advantage and Medicaid to meaningfully improve the lives of millions of people, which we know is important to the providers who use our platform.”