Two Chairs raises $72M Series C in equity and debt to scale its therapist network [TechCrunch]
Talkspace, Inc. (TALK)
Company Research
Source: TechCrunch
Two Chairs used technology — a proprietary matching algorithm — to find the best possible therapists for its clients, but treatments took place primarily inside one of the startup's half a dozen stylishly designed clinics located in prime locations throughout the San Francisco Bay Area. But when COVID-19 erupted and the whole world moved online, the company was forced to reconsider its face-to-face approach. While Two Chairs now operates at least one brick-and-mortar site in each of the three states — California, Washington and Florida — it serves, the majority of the company's more than 500 therapists treat clients virtually. The adaption of the remote-first treatment model has likely helped the company to grow faster (and certainly less expensively) than it would have had it continued to emphasize seeing patients in person. Two Chairs says its revenue expanded eight-fold over the last three years. On Tuesday, the company announced a $72 million Series C equity and debt financ
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News
- Talkspace Unveils New Brand Identity Alongside Mental Health Awareness Month [Yahoo! Finance]Yahoo! Finance
- Talkspace Unveils New Brand Identity Alongside Mental Health Awareness MonthBusiness Wire
- Talkspace Launches Behavioral Health Consortium of Specialized Care and Treatment Programs, Expanding In-Network Offerings for Members [Yahoo! Finance]Yahoo! Finance
- Talkspace Launches Behavioral Health Consortium of Specialized Care and Treatment Programs, Expanding In-Network Offerings for MembersBusiness Wire
- Mental Health App Market to Hit US$ 14.72 Billion by 2034: Fact.MR Analysis [Yahoo! Finance]Yahoo! Finance
TALK
Earnings
- 2/22/24 - Beat
TALK
Sec Filings
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- 4/26/24 - Form 4
- TALK's page on the SEC website