(Reuters) – Mental health startup Headway said on Tuesday it has raised $100 million in a late-stage funding round, led by venture capital firm Spark Capital, that more than doubled its valuation to $2.3 billion.
Founded in 2019, Headway offers a series of services such as clinical training, scheduling and billing that make it easy for mental health clinicians to accept patients through insurance.
“This round will accelerate platform development to simplify private practice operations, so providers can focus on delivering excellent clinical care,” the company said.
Other investors in the series D fundraise included venture capital firms Thrive Capital, Accel, Andreessen Horowitz and Forerunner Ventures.
(Reporting by Manya Saini in Bengaluru; Editing by Shilpi Majumdar)
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