Yahoo Money October 4, 2023
(Reuters) -Headway, a healthcare tech startup that connects patients and in-network therapists, has raised $125 million in Series C funding, the company told Reuters.
The round of financing, which valued the company at $1 billion, was led by Spark Capital with participation from existing investors including Thrive Capital, Accel, and Andreessen Horowitz. Insurance company Health Care Service Corporation also joined the round.
Based in New York, Headway’s platform connects patients with therapists and psychiatrists who can provide care covered by insurance. It also offers billing and claims software for providers.
Andrew Adams, chief executive at Headway, said the startup stands out for its provider-first approach. The company makes money by taking a cut of the payments that therapists on its...
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