Talkspace - About the company
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, with last known valuation of $*****. The company has 359 active competitors, including 60 funded and 21 that have exited. Its top competitors include companies like Lyra Health, Headspace and SonderMind.
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/
- Social
- 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
Last Known Valuation
$***** as on Mar 09, 2026
Investors
Ranked
3rd among 359 active competitors
Annual Revenue
$100M - $500M as on Dec 31, 2025
Employee Count
1,206 as on Oct 31, 2026
Exit Details
Acquired by Universal Health Services (Mar 09, 2026)
Legal entities associated with Talkspace
Talkspace is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Talkspace, Inc. CIN: 1803901 , United States, Active | Aug 17, 2020 | $100M - $500M (As on Dec 31, 2025) | 3 (As on Nov 30, 2021) | - |
Talkspace's acquisition details
Talkspace got acquired by Universal Health Services on Mar 09, 2026 at an acquisition amount of $*****.
Click here to take a look at Talkspace's acquisition in detail
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Talkspace's funding and investors
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 23 institutional investors.
Here is the list of recent funding rounds of Talkspace:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 03, 2020 | 3825567 | Grant (prize money) | 7561625 | 4660411 | 1927737 | 2112960 |
May 29, 2019 | 1307469 | Series D | 1805214 | 7354299 | 4984759 | |
Sep 06, 2017 | 6806897 | Series C | 7883630 | 5783773 |
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Talkspace's founders and board of directors
Founder? Claim ProfileThe 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 1,206 employees as of Oct 26. Here is Talkspace's employee count trend over the years:
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Talkspace's Competitors and alternates
Top competitors of Talkspace include Lyra Health, Headspace and SonderMind. Here is the list of Top 10 competitors of Talkspace, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Lyra Health 2015, San Francisco (United States), Series F | Provider of AI-powered mental health benefits for employers | $915M | 76/100 | |
2nd | Headspace 2010, Santa Monica (United States), Acquired | Provider of mental health support services via application and human care | $178M | 75/100 | |
3rd | Talkspace 2011, New York City (United States), Acquired | Online platform offering virtual consultation services for mental health conditions | $109M | 74/100 | |
4th |  SonderMind 2014, Denver (United States), Series C | Mental health service provider offering virtual therapy services | $276M | 72/100 | |
5th |  Cerebral 2020, San Francisco (United States), Series C | Provider of online counseling services for mental health conditions | $462M | 70/100 | |
6th | Headway 2012, New York City (United States), Series D | Provider of a mental health therapist consultation platform | $321M | 67/100 | |
7th |  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 | 67/100 | |
8th | Meru Health 2016, San Francisco (United States), Series B | Provider of digital mental healthcare programs with licensed therapist solutions | $55.4M | 66/100 | |
9th | AbleTo 2008, New York City (United States), Acquired | Offers a digital platform to connect people with licensed therapists and coaches | $66.1M | 64/100 | |
10th |  Rula 2019, Los Angeles (United States), Series A | Online platform offering mental health therapy services | $5.3M | 64/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Talkspace's competitors? Click here to see the top ones
Talkspace's Investments and acquisitions
Talkspace has acquired 2 companies including Wisdo and Lasting. Talkspace has not made any investments as of now.Reports related to Talkspace
Here is the latest report on Talkspace's sector:
News related to Talkspace
Filter this listMedia has covered Talkspace for a total of 20 events in the last 1 year, 7 of them have been about company updates and 2 about partnerships.
•
Talkspace Partners with NJAAP and VNACJ to Deliver Free Virtual Mental Health Support Across Rural New JerseyBusiness Wire•Oct 14, 2026•Njaap, Talkspace
•
Talkspace Awarded on TIME's List of the World’s Top HealthTech Companies 2026 ListBusiness Wire•Sep 21, 2026•Talkspace
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Universal Health Services Completes Acquisition of TalkspacePR Newswire•Aug 17, 2026•Talkspace, Universal Health Services
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Talkspace Announces ‘Tee,’ the First Safe AI Agent Specifically Developed to Help Individuals Navigate Life’s Daily Mental Health ChallengesBusiness Wire•Jun 09, 2026•Talkspace
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Talkspace Stockholders Vote to Approve Acquisition by Universal Health ServicesGlobeNewswire•May 29, 2026•Talkspace, Universal Health Services
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Why Billionaire George Soros Is Betting Big on Talkspace StockBarchart•May 24, 2026•Talkspace, Universal Health Services
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Monteverde & Associates PC Investigates Potential M&A Issues for TALK, LSTA, NSA, and KALVGlobeNewswire•May 12, 2026•Kuva Labs, Talkspace
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Talkspace Expands U.S. Navy Mental Health Support for Sailors and FamiliesBusiness Wire•May 06, 2026•Talkspace
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Health-E Commerce® Collaborates with Talkspace to Expand Mental Health ServicesPR Newswire•Apr 27, 2026•Health-E Commerce, Talkspace
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