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Overview
Handspring Health provides pediatric therapy services with a focus on accessible, affordable care for families. Therapists are specially trained in pediatric therapy and use evidence-based methods such as Cognitive Behavioral Therapy and trauma-focused techniques to address issues like anxiety, trauma, and depression within family systems. Sessions cost $95, with the option to pre-purchase a bundle of 10 sessions for $750. Flexible payment options include FSA, HSA, and out-of-network reimbursement, and the company plans to expand by accepting insurance in the future, which could broaden access and revenue. The goal is to offer high-quality, specialized therapy at a price families can manage while delivering client-centered care.
About Handspring
Industries
Healthcare
Company Size
51-200
Company Stage
Series B
Total Funding
$37.2M
Headquarters
New York City, New York
Founded
2021
People at Handspring
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Simplify's Take
What believers are saying
- Joon Care acquisition expands Washington state presence via existing government and commercial payer contracts.
- $19M Series B funding enables geographic expansion, clinician growth, and technology platform scaling.
- Acceptance of major insurance plans in CA, NY, CT, NJ, PA, NC, FL broadens access and revenue.
What critics are saying
- Insurance rate compression will drop per-session revenue from $95 to $60–70, eroding profitability within 6–12 months.
- Joon Care's prior unprofitability and 2–3 year runway poses financial drag, risking cash flow strain in 12–18 months.
- Hazel Health's aggressive consolidation threatens market position with 45–65% probability of high impact in 12–18 months.
What makes Handspring unique
- Handspring operates a full-spectrum pediatric to adolescent care model across nine U.S. states.
- It combines vertically-integrated virtual therapy with modern clinics for flexible, high-fidelity delivery.
- The company uses evidence-based CBT and DBT modalities with 93% family improvement rates post-discharge.
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Funding
Total Funding
$37.2M
Below
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
401(k) Retirement Plan
Professional Development Budget
Home Office Stipend
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -2%2 year growth
↓ -1%Pediatric provider Handspring health buys Joon Care. Behavioral Health Business December 9, 2025 Laura Lovett Pediatric behavioral health provider Handspring has acquired adolescent therapy company Joon Care. This comes just six months after Handspring announced a $12 million Series A funding round led by Cobalt Ventures. Seattle-based Joon Care offers virtual, skill-based therapy services to individuals aged 13 to 25. The company cares for young people with anxiety, depression, sexual and gender identity challenges and disordered eating. In 2023, the company raised $6 million. At the time of the funding, the company's CEO and investor, Emily Pesce said the funding would provide enough resources to operate the company, which was not yet profitable, for two to three years. "By uniting the highly skilled clinical teams, we are reinforcing our commitment to high-fidelity, outcome-driven care," Sahil...
Pediatric behavioural health provider Handspring Health has acquired adolescent therapy company Joon Care, six months after closing a $12 million Series A round led by Cobalt Ventures. Seattle-based Joon Care provides virtual, skill-based therapy services to individuals aged 13 to 25, treating conditions including anxiety, depression, sexual and gender identity challenges and disordered eating. The company raised $6 million in 2023. The acquisition will enable Handspring to expand into Washington state, where Joon Care has contracts with government agencies and commercial payers. CEO Sahil Choudhry said the combined entity will enhance care delivery through improved technology and create a full-spectrum care model spanning different age groups and complexity levels. The deal follows similar consolidation in youth mental health, including Hazel Health's acquisitions of Little Otter and BeMe Health earlier this year.
Handspring secured $ million in Series A funding led by Cobalt Ventures, with participation from investors like NextView Ventures and Hyde Park Angels. The funds will enhance Handspring's virtual therapy services for youth, focusing on a dedicated workforce and robust technology. The company reports 96% of families see improvements, with 84% of anxiety and 79% of depression patients showing measurable progress. Handspring aims to improve access to quality mental health care for youth.
Handspring raises in $12M Series A funding.
Handspring Health, a youth virtual mental health startup, has raised $12M in a Series A funding round. The round was led by Cobalt Ventures.
Handspring is Hiring for 7 Jobs on Simplify!
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About Handspring
Industries
Healthcare
Company Size
51-200
Company Stage
Series B
Total Funding
$37.2M
Headquarters
New York City, New York
Founded
2021
Handspring is Hiring for 7 Jobs on Simplify!
Find jobs on Simplify and start your career today