Overview

Handspring Health provides pediatric therapy services aimed at making care affordable for families. They offer therapy sessions at a cost of $95 each or a bundle of 10 sessions for $750, with various payment options including FSA, HSA, and out-of-network reimbursement. The therapists at Handspring Health are specially trained in pediatric therapy, focusing on issues such as anxiety, trauma, and depression, and utilize methods like Cognitive Behavioral Therapy (CBT) and trauma-focused techniques to support their young clients. Unlike many competitors, Handspring Health emphasizes affordability and plans to expand payment options by accepting insurance in the future, which could broaden their reach and enhance their revenue. The goal of Handspring Health is to provide high-quality, specialized therapy services that are accessible to all families.

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Simplify's Take

What believers are saying

• Increased demand for pediatric mental health services post-COVID-19 boosts Handspring's market potential.
• Potential insurance acceptance could broaden Handspring's client base and revenue streams.
• Handspring's focus on evidence-based practices aligns with current healthcare trends.

What critics are saying

• Competition from established telehealth platforms like Teladoc and Amwell is intensifying.
• Scaling operations may be challenging due to a shortage of qualified pediatric therapists.
• Regulatory hurdles in new states could slow Handspring's expansion plans.

What makes Handspring unique

• Handspring offers specialized pediatric therapy with trained experts in anxiety and trauma.
• The company integrates virtual care with modern clinics for flexible healthcare solutions.
• Handspring provides affordable therapy sessions with various payment options, including bundles.

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Funding

Total Funding

$6.2M

Above

Industry Average

Funded Over

1 Rounds

$6,200,000

Seed

May 2022

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$6.2M