BetterHelp - About the company
BetterHelp is an acquired company based in Sunnyvale (United States), founded in 2013 by Alon Matas. It operates as an Online counselling service provider. The company has 356 active competitors, including 61 funded and 20 that have exited. Its top competitors include companies like SonderMind, Lyra Health and Cerebral.
Company Details
BetterHelp is a online provider of direct-to-consumer counselling service. The company claims that over 500,000 people signed up for the service and has 1,500 licensed therapists. In Jan'15, the company was acquired by TelaDoc for $3.5M in cash, $1.0M promissory note and 15% sales royalties for 3 years.
- Website
- www.betterhelp.com/
Key Metrics
Founded Year
2013
Location
Sunnyvale, United States
Stage
Acquired
Ranked
13th among 356 active competitors
Employee Count
4,083 as on Apr 30, 2026
Similar Companies
Exit Details
Acquired by Teladoc (Jan 01, 2015)
BetterHelp's acquisition details
Click here to take a look at BetterHelp's acquisition in detail
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BetterHelp's funding and investors
BetterHelp has not raised any funding rounds yet.
BetterHelp's founders and board of directors
Founder? Claim ProfileThe founders of BetterHelp is Alon Matas.
Here are the details of BetterHelp's key team members:
- Alon Matas: Founder of BetterHelp and founder of 1 other company. They are also an angel investor in 1 startup.Contact Info: 1 email address
View details of BetterHelp's Founder profiles and Board Members
BetterHelp's employee count trend
BetterHelp has 4,083 employees as of Apr 26. Here is BetterHelp's employee count trend over the years:
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BetterHelp's Competitors and alternates
Top competitors of BetterHelp include SonderMind, Lyra Health and Cerebral. Here is the list of Top 10 competitors of BetterHelp, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | SonderMind 2014, Denver (United States), Series C | Mental health service provider offering virtual therapy services | $276M | 80/100 | |
2nd | Lyra Health 2015, Burlingame (United States), Series F | Provider of AI-powered mental health benefits for employers | $915M | 74/100 | |
3rd | Cerebral 2020, San Francisco (United States), Series C | Provider of online counseling services for mental health conditions | $462M | 74/100 | |
4th | Talkspace 2011, New York City (United States), Acquired | Online platform offering virtual consultation services for mental health conditions | $109M | 73/100 | |
5th | Headspace 2010, Santa Monica (United States), Series C | Provider of mental health support services via application and human care | $178M | 72/100 | |
6th | Unobravo 2015, Naples (United States), Series A | Online platform for psychologist consultation | $17.4M | 65/100 | |
7th | Headway 2012, New York City (United States), Series D | Provider of a mental health therapist consultation platform | $321M | 65/100 | |
8th | Talkiatry 2020, New York City (United States), Series D | Provider of virtual, insurance-covered psychiatry services. It offers online assessments, connects patients with psychiatrists, and develops treatment plans including medication and therapy. The practice specializes in various mental health conditions such as anxiety, depression, bipolar disorder, ADHD, OCD, and PTSD, also providing care for children and adolescents and during pregnancy and postpartum. Psychiatrists conduct thorough evaluations and diagnoses, creating personalized treatment plans. The service aims to improve access to mental healthcare through virtual visits and insurance coverage. | $400M | 64/100 | |
9th | Rula 2019, Los Angeles (United States), Series A | Online platform offering mental health therapy services | $5.3M | 64/100 | |
10th | TimelyCare 2017, Fort Worth (United States), Series C | Virtual health and well-being platform for students | $60M | 63/100 | |
13th | BetterHelp 2013, Sunnyvale (United States), Acquired | Online counselling service provider | - | - | 61/100 |
Looking for more details on BetterHelp's competitors? Click here to see the top ones
BetterHelp's Investments and acquisitions
BetterHelp has made no investments or acquisitions yet.
Reports related to BetterHelp
Here is the latest report on BetterHelp's sector:
News related to BetterHelp
Media has covered BetterHelp for a total of 8 events in the last 1 year, 4 of them have been about partnerships and 3 about company updates.
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BetterHelp Launches “We Believe in Better,” Backed by New Data on Mental Health OutcomesBusiness Wire•Sep 09, 2026•BetterHelp
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NIL Club Partners with BetterHelp to Provide Student-Athletes Accessible Mental Health SupportPR Newswire•Jun 23, 2026•NIL Club, BetterHelp
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BetterHelp Joins Patient Safety Organization to Advance Quality and Safety Practices in Virtual Mental Health CareBusiness Wire•May 14, 2026•BetterHelp, Teladoc Health
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BetterHelp Named Exclusive Online Therapy Provider for AARP Members, Providing Access to Mental Health SupportBusiness Wire•Mar 11, 2026•BetterHelp
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Revolutionary Telehealth & BetterHelp Launch Mental Health Support for VeteransPR Newswire•Nov 18, 2025•BetterHelp
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Teladoc expands insurance coverage at mental health unit BetterHelpHealthcare Dive•Oct 30, 2025•BetterHelp, Teladoc Health
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Vidle Housing & BetterHelp Expand Mental Health Support for Healthcare ProfessionalsPR Newswire•Oct 10, 2025•BetterHelp, Vidle Housing
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HiOctave Raises $15M in FundingFinSMEs•Oct 08, 2025•Anthropic, Celesta Capital, Menlo Ventures, Khosla Ventures and 9 others
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Lewis Capaldi Partners with BetterHelp to Provide Free Online Therapy to FansBusiness Wire•Jul 07, 2025•BetterHelp, Lewis Capaldi
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Teladoc Acquires UpLift for $30M to Bolster BetterHelpTechStartups.com•May 01, 2025•Teladoc Health, UpLift, BetterHelp
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