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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
Part Of
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
Ranked
Employee Count
4,187 as on Apr 30, 2026
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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:lockFilter this list
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
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Headway's founders and board of directors

Founder? Claim Profile
The 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:

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

Headway's employee count trend

Headway has 4,187 employees as of Apr 26. Here is Headway's employee count trend over the years:
Employee count trend for Headway
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for SonderMind
SonderMind
2014, Denver (United States), Series C
Mental health service provider offering virtual therapy services
$276M
80/100
2nd
Logo for Lyra Health
Lyra Health
2015, Burlingame (United States), Series F
Provider of AI-powered mental health benefits for employers
$915M
74/100
3rd
Logo for Cerebral
Cerebral
2020, San Francisco (United States), Series C
Provider of online counseling services for mental health conditions
$462M
74/100
4th
Logo for Talkspace
Talkspace
2011, New York City (United States), Acquired
Online platform offering virtual consultation services for mental health conditions
$109M
73/100
5th
Logo for Meru Health
Meru Health
2016, San Francisco (United States), Series B
Provider of digital mental healthcare programs with licensed therapist solutions
$55.4M
70/100
6th
Logo for AbleTo
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
Logo for Headway
Headway
2012, New York City (United States), Series D
Provider of a mental health therapist consultation platform
$321M
65/100
8th
Logo for Talkiatry
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
Logo for Rula
Rula
2019, Los Angeles (United States), Series A
Online platform offering mental health therapy services
$5.3M
64/100
10th
Logo for Brightside Health
Brightside Health
2017, San Francisco (United States), Series C
Virtual mental healthcare platform
$114M
62/100
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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

lockFilter this list
Media has covered Headway for a total of 2 events in the last 1 year.
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