Headway - About the company
Headway is a series D company based in New York City (United States), founded in 2012 by Andrew Adams, Dan Ross, Kevin Chan and Jake Sussman. It operates as a Provider of a mental health therapist consultation platform. Headway has raised $321M in funding from investors like Spark Capital, Accel and Andreessen Horowitz, with a current valuation of $1B. The company has 348 active competitors, including 56 funded and 20 that have exited. Its top competitors include companies like SonderMind, Lyra Health and Cerebral.
Sectors and market segments that Headway operate in
Headway serves in the HealthTech market segments.The primary business model of Headway is:Company Details
Provider of a mental health therapist consultation platform. The platform allows users to find mental health therapists for in-person or virtual consultations. Users can use the Headway solution to use the insurance plans to pay for the therapists.
- Website
- headway.co
- Registered Address
- Rīga, Višķu iela 23 - 17
Key Metrics
Founded Year
2012
Location
New York City, United States
Stage
Series D
Total Funding
$321M in 5 rounds
Latest Funding Round
Post Money Valuation
$1B as on Oct 05, 2023
Investors
Ranked
7th among 348 active competitors
Employee Count
4,187 as on Apr 30, 2026
Similar Companies
Legal entities associated with Headway
Headway is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
THERAPYMATCH, INC. CIN: 81-1203583 , United States, Active | Sep 09, 2018 | - | 647 (As on Dec 31, 2024) | - |
HEADWAY CIN: 40203042009 , Latvia, Active | Jan 03, 2017 | $5.91K (As on Dec 31, 2024) | 1 (As on Dec 31, 2022) | - |
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Headway's funding and investors
Headway has raised a total funding of $321M over 5 rounds. Its first funding round was on 2019. Its latest funding round was a Series D round on Jul 23, 2024 for $100M. 5 investors participated in its latest round. Headway has 15 institutional investors.
Here is the list of recent funding rounds of Headway:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 23, 2024 | $100M | Series D | - | - | ||
Oct 05, 2023 | $125M | Series C | $1B | - | ||
May 04, 2021 | $70M | Series B | $750M | 30445.5x |
View details of Headway's funding rounds and investors
Headway's founders and board of directors
Founder? Claim ProfileThe founders of Headway are Andrew Adams, Dan Ross, Kevin Chan and Jake Sussman. Andrew Adams is the CEO of Headway.
Here are the details of Headway's key team members:
- Andrew Adams: Co-Founder & CEO of Headway. They are also an angel investor in 2 startups and serve on the boards of 2 companies.Contact Info: 1 email address
- Dan Ross: Cofounder, Head of Operations of Headway. They are also an angel investor in 1 startup and serve on the board of 1 company.
- Kevin Chan: Former Co-Founder of Headway. They are also an angel investor in 1 startup.
- Jake Sussman: Former Co-Founder of Headway.
Headway's Board of Directors
Headway's board has 5 active members. Amit Kumar, Andrew Adams, Kareem Zaki, Will Reed and Scott Kupor are independent board members.Here is the list of Headway's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 1y 9m | |
Independent board member | - | Current | 1y 9m | |
Independent board member | - | Current | 1y 9m | |
Independent board member | - | Current | 1y 9m | |
Independent board member | - | Current | 1y 9m |
View details of Headway's Founder profiles and Board Members
Headway's employee count trend
Headway has 4,187 employees as of Apr 26. Here is Headway's employee count trend over the years:
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Headway's Competitors and alternates
Top competitors of Headway include SonderMind, Lyra Health and Cerebral. Here is the list of Top 10 competitors of Headway, 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 | Meru Health 2016, San Francisco (United States), Series B | Provider of digital mental healthcare programs with licensed therapist solutions | $55.4M | 70/100 | |
6th | AbleTo 2008, New York City (United States), Acquired | Offers a digital platform to connect people with licensed therapists and coaches | $66.1M | 68/100 | |
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 | Brightside Health 2017, San Francisco (United States), Series C | Virtual mental healthcare platform | $114M | 62/100 |
Looking for more details on Headway's competitors? Click here to see the top ones
Headway's Investments and acquisitions
Headway has made no investments or acquisitions yet.
Reports related to Headway
Here is the latest report on Headway's sector:
News related to Headway
Media has covered Headway for a total of 2 events in the last 1 year.
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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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Headway raises $100 million, more than doubling its valuation to $2.3 billionFusoes & Aquisicoes•Aug 02, 2024•Headway, Spark Capital, Andreessen Horowitz, Thrive Capital and 2 others
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US-based mental health startup Headway closes funding at $2.3B valuationTech Funding News•Jul 12, 2024•Headway, Spark Capital, Thrive Capital, Accel and 4 others
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Therapy Startup Headway to Be Valued at $1 Billion-Plus in RoundBNN Bloomberg•Jan 20, 2024•Spark Capital, Thrive Capital, Andreessen Horowitz, Accel and 1 other
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New mental health ‘unicorn’ Headway lands $125M to broaden access to in-network providersFierce Healthcare•Oct 08, 2023•Headway, Andreessen Horowitz, Spark Capital, Accel and 1 other
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CareFirst, Headway partner to improve access to mental healthcareMedCity News•Aug 05, 2022•CareFirst, Headway
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