New York-based mental health platform Headway secured $100 million in Series D funding, increasing its valuation to $2.3 billion. The funding round was led by Spark Capital and included existing investors like a16z, Thrive Capital, and Accel, as well as new investor Forerunner Ventures. Headway plans to expand its services to individuals with Medicare Advantage and Medicaid insurance. The platform helps users find in-network therapists and assists therapists with administrative tasks. The funding will be used to develop tools to simplify operations for clinicians. Mental health is a top-funded clinical indication in the digital health sector, with Headway receiving high levels of funding in recent years.
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Headway scores $100M, more than doubling its valuation to $2.3B
