Tech Company Financing Transactions
Talkspace Funding Round
Talkspace closed a $15 million Series B investment round on 6/14/2016. Investors included Norwest Venture Partners, Compound Ventures and SBNY.
Transaction Overview
Company Name
Announced On
6/14/2016
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series B
Investors
Norwest Venture Partners (Lead Investor) (Leff Crowe)
SBNY (Jordan Levy)
Spark Capital (Alexander Finkelstein)
Proceeds Purpose
Talkspace's Unlimited Messaging Therapy program, which connects people with a licensed therapist on the web or via mobile apps for a fraction of the price of traditional therapy, has provided 300,000 people with a more affordable, accessible way of getting mental health care. In the past year, Talkspace tripled its user base, and the company has expanded its network of licensed therapists to almost 1,000 specialists to meet the high demand of new users. The company will use the proceeds to fuel its growth initiatives.
Company Information
Company Status
Private & Independent
Industry
Healthcare Services
Mailing Address
33 W 60th St. 8th Floor
New York, NY 10023
USA
New York, NY 10023
USA
Phone
Website
Email Address
Overview
With Talkspace online therapy, anyone can get therapy without traveling to an office - and for significantly less money than traditional therapy. Start therapy now with a licensed therapist that understands how you live your life today.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Oren Frank
Chief Technical Officer
Gil Margolin
VP - Bus. Development
Dave Kasdan
VP - Marketing
Michael Kuznetsov
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Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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