MedCity News October 5, 2023
Katie Adams

Headway closed a $125 million Series C funding round. The round brings the New York-based startup’s valuation to $1 billion, reaching unicorn status. The company connects patients to in-network therapists and helps mental health providers avoid the massive administrative burden associated with taking insurance.

Headway, a startup that connects patients to in-network therapists, announced the close of a $125 million Series C funding round on Thursday.

The financing round brings the New York-based company’s total funding amount to $225 million and its valuation to $1 billion, reaching unicorn status. The Series C round was led by Spark Capital with participation from Thrive Capital, Accel, Andreessen Horowitz and Health Care Service Corporation.

The startup, founded in 2017, seeks to increase...

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