When was Talkspace founded?

Talkspace was founded in 2011 and raised its 1st funding round 3 years after it was founded.

Where is Talkspace located?

Talkspace is headquartered in New York City, United States.

How many employees does Talkspace have?

As of Mar 31, 2026, the latest employee count at Talkspace is 1179.

Is Talkspace a funded company?

Talkspace is a funded company, having raised a total of $109M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 12, 2014.

When was the latest funding round of Talkspace?

Talkspace's latest funding was a $***** Grant (prize money) round on Sep 03, 2020, with participation from 1 investor.

What is the annual revenue of Talkspace?

Annual revenue of Talkspace is $188M as on Dec 31, 2024.

Where does Talkspace rank among its competitors?

Talkspace ranks 2nd amongst 344 active competitors, of which 54 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Headway, which secured $100M in Jul, 2024.

Who are the top competitors of Talkspace?

Talkspace's top competitors include SonderMind, Meru Health and Cerebral. Among them, Headway secured the most recent funding round in July, 2024.

Talkspace - 2026 Company Profile, Team, Funding, Competitors & Financials

Talkspace is an acquired company based in New York City (United States), founded in 2011 by Oren Frank. It operates as an Online platform offering virtual consultation services for mental health conditions. Talkspace has raised $109M in funding from investors like SoftBank Capital, Spark Capital and Revolution. The company has 344 active competitors, including 54 funded and 20 that have exited. Its top competitors include companies like SonderMind, Meru Health and Cerebral.

Company Details

Online platform offering virtual consultation services for mental health conditions. It is an online mental health platform offering convenient access to licensed therapists and psychiatric providers for therapy and medication management. It provides flexible options for therapy, including live sessions and messaging.

Website: www.talkspace.com/
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Email ID: *****@talkspace.com

Key Metrics

Founded Year

2011

Location

New York City, United States

Stage

Acquired

Total Funding

$109M in 7 rounds

Latest Funding Round

Grant (prize money), Sep 03, 2020, $*****

Investors

SoftBank Capital & 21 more

Ranked

2^nd among 344 active competitors

Annual Revenue

$188M as on Dec 31, 2024

Employee Count

1,179 as on Mar 31, 2026

Investment & Acquisitions

Wisdo & 1 more

Similar Companies

SonderMind & 1507 more

Exit Details

Acquired by Universal Health Services (Mar 09, 2026)

View Talkspace's full profile

Talkspace is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
HUDSON EXECUTIVE INVESTMENT CORP. CIN: 1803901 , United States, Active	Aug 17, 2020	$188M (As on Dec 31, 2024)	3 (As on Nov 30, 2021)	-

Talkspace got acquired by Universal Health Services on Mar 09, 2026 at an acquisition amount of $835M. It was facilitated by J P Morgan, McDermott Will & Emery, Stevens and 2 more.

Click here to take a look at Talkspace's acquisition in detail

Talkspace has raised a total funding of $109M over 7 rounds. Its first funding round was on May 12, 2014. Its latest funding round was a Grant (prize money) round on Sep 03, 2020 for $*****. 1 investor participated in its latest round. Talkspace has 22 institutional investors.

Here is the list of recent funding rounds of Talkspace:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 03, 2020	2482425	Grant (prize money)	2460567	3386041	6468518	1074056
May 29, 2019	3596080	Series D	9156573	6687880	6897057	Qumra Capital & 3 more
Sep 06, 2017	6793648	Series C	5243869	7262810	Qumra Capital	Spark Capital & 4 more

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View details of Talkspace's funding rounds and investors

The founders of Talkspace is Oren Frank.

Here are the details of Talkspace's key team members:

Oren Frank: Former Co-Founder of Talkspace.

View details of Talkspace's Founder profiles and Board Members

Talkspace's employee count trend

Talkspace has 1,179 employees as of Mar 26. Here is Talkspace's employee count trend over the years:

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Top competitors of Talkspace include SonderMind, Meru Health and Cerebral. Here is the list of Top 10 competitors of Talkspace, ranked by Tracxn score:

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	Kickstart Seed Fund, Premji Invest & 24 others	79/100
2nd	Talkspace 2011, New York City (United States), Acquired	Online platform offering virtual consultation services for mental health conditions	$109M	Top Tier Capital Partners, SoftBank Group ... & 20 others	73/100
3rd	Meru Health 2016, San Francisco (United States), Series B	Provider of digital mental healthcare programs with licensed therapist solutions	$55.4M	Industry Ventures, Bold Capital Partners ... & 21 others	70/100
4th	Cerebral 2020, San Francisco (United States), Series C	Provider of online counseling services for mental health conditions	$462M	Access Industries, SoftBank Vision Fund & 20 others	69/100
5th	AbleTo 2008, New York City (United States), Acquired	Offers a digital platform to connect people with licensed therapists and coaches	$66.1M	Sandbox Industries, Horizon Healthcare Services ... & 9 others	68/100
6th	Headway 2012, New York City (United States), Series D	Provider of a mental health therapist consultation platform	$321M	Spark Capital, Andreessen Horowitz & 13 others	65/100
7th	Brightside Health 2017, San Francisco (United States), Series C	Virtual mental healthcare platform	$114M	ACME, S32 & 13 others	62/100
8th	TimelyCare 2017, Fort Worth (United States), Series C	Virtual health and well-being platform for students	$60M	JMI Management, MCS Ventures	62/100
9th	BetterHelp 2013, Sunnyvale (United States), Acquired	Online counselling service provider	-	-	61/100
10th	LifeStance 2008, Bellevue (United States), Public	Online telehealth service booking platform for mental health	-	TPG, HTIF & 3 others	61/100