Angelini Ventures invests in Handspring Health's $19 million Series B to expand access to high-quality mental health care for children and families. Funding will support nationwide expansion of Handspring's clinician-led, evidence-based care model and technology platform for pediatric mental health care Angelini Ventures' Sarah Fox joins Handspring's Board as an Observer Rome, Italy, 8 July 2026 - Angelini Ventures, the corporate venture firm of Angelini Industries focused on investing in companies developing innovative solutions in BioTech and HealthTech, is participating in Handspring Health's $19 million Series B financing round. Handspring is a US-based virtual mental health provider delivering care to children, adolescents, young adults, and their families. The round was led by RPS Ventures, with participation from Angelini Ventures. The financing will enable Handspring to expand its clinician workforce in the US, strengthen its clinical development infrastructure, deepen its Complex Care program, expand geographic coverage, and further enhance its proprietary software-enabled care platform. Handspring has developed a differentiated model of pediatric mental health care centred on clinical quality and measurable outcomes. While many virtual mental health providers have prioritized access, Handspring has built on that foundation with a clinician-first approach designed to deliver evidence-based care across the full spectrum of patient acuity. Its therapist model, differentiated payer relationships, and proprietary technology platform enable scalable delivery without compromising clinical quality. The company has treated more than 4,000 families in the US, achieved more than 10-fold revenue growth over the past two years, expanded operations across nine US states, and established partnerships with leading healthcare payers. By combining rigorous clinician training, family-centred care, and an integrated digital platform, Handspring is enabling high-quality and cost-effective care for patients and their families. Sahil Choudhry, CEO and Co-founder of Handspring, said: "Good therapy depends on the therapist, so we built the company around supporting ours, with training, supervision, and regular clinical consultation, instead of just matching families to whoever is available. That's what lets us care for a child whether their needs are mild or severe. This round lets us bring that model to many more families." "Pediatric mental health represents one of the largest unmet needs in healthcare today, and we believe that the seasoned management team is well positioned to reimagine mental health for the next generation," commented Angelini Ventures' Sarah Fox, who will join the board as an observer. "Handspring has taken a differentiated approach through its innovative therapist model, broad payer contracts, family-centered care and AI-enabled proprietary technology, to enable this care nationwide. We are excited to support the team as they continue to expand access to evidence-based care and improve outcomes for children and families." The financing round also includes existing investors Cobalt Ventures, NextView Ventures, nvp capital, Hyde Park Angels (HPA), Cornucopian Capital and others. *** Notes to Editors About Handspring Health Handspring Health is reimagining mental health care for the next generation - serving children, adolescents, young adults, and their families through structured, measurable, and evidence-based virtual therapy. With a team of licensed clinicians trained in treating anxiety, depression, OCD, ADHD, trauma, and more, Handspring empowers young people and their families to thrive. Care is personalized, timely, and grounded in outcomes - because better mental health starts with better care. For more information, visit handspringhealth.com. About Angelini Ventures Angelini Ventures is a global venture capital firm and part of Angelini Industries, a leading Italian multi-sector industrial group. Launched in 2022 with an initial €300 million capital commitment, the firm invests in companies developing breakthrough solutions in biotechnology, medtech, and digital health. To date, Angelini Ventures has built a portfolio of 24 companies across Europe and North America dedicated to extending life expectancy and improving patient outcomes. In December 2025, the firm expanded its impact through a €150 million co-financing partnership with the European Investment Bank. Angelini Ventures is headquartered in Rome, with a strategic presence in Singapore and Boston, and employs a team of over 20 professionals located across key life sciences hubs in Europe, Asia, and North America. www.angeliniventures.com Contacts Angelini Ventures Martina Palmese, Brand and Communications Manager [email protected] Media contacts for Italy - SEC Newgate Italia Daniele Pinosa, [email protected]; Tel. +39 3357233872 Giulia Cominotti [email protected]; Tel. +39 3476474513 Daniele Murgia; [email protected]; Tel. +39 3384330031 Media contacts outside Italy - MEDiSTRAVA Sylvie Berrebi, Sandi Greenwood, Mark Swallow [email protected] Sarah Fox. Senior associate at Angelini Ventures. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. 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HPA portfolio company Handspring Health raises $19M Series B to expand high-quality mental health care for children and families. July 7, 2026 By Pete Wilkins HPA is excited to share that Handspring Health, an HPA portfolio company, has announced $19 million in Series B financing led by RPS Ventures, with participation from new investor Angelini Ventures and continued backing from returning investors HPA, Cobalt Ventures, NextView Ventures, nvp capital, Cornucopian Capital, and others. This financing brings Handspring's total capital raised to $37 million. HPA has supported Handspring since its Series A round, and Hyde Park Angels is excited to see the company reach this next milestone. Handspring is a virtual mental health clinic delivering evidence-based care to youth, young adults, and their families. The model starts with the clinician: therapists are employed rather than contracted, trained in-house in modalities like CBT, DBT, and exposure therapy, and backed by ongoing training and clinical supervision. That investment in clinicians lets Handspring treat the full spectrum of acuity including through its Complex Care program, which serves high-risk youth who are too often turned away from traditional outpatient care or unnecessarily referred to higher levels of care. "Good therapy depends on the therapist, so we built the company around supporting ours, with training, supervision, and regular clinical consultation, instead of just matching families to whoever is available," said Sahil Choudhry, CEO and co-founder of Handspring. "That's what lets us care for a child whether their needs are mild or severe. This round lets us bring that model to many more families." Handspring has treated more than 4,000 families and grown revenue more than 10x over the last two years, while maintaining strong outcomes: 93% of families report improvement in their daily life upon discharge, the company holds a Net Promoter Score of 81, and 81% of patients treated for anxiety and 78% treated for depression saw clinically meaningful improvement on validated clinical scales. Since its Series A, Handspring has expanded to nine states - California, Connecticut, Florida, Georgia, New Jersey, New York, North Carolina, Pennsylvania, and Washington - and added parent coaching to its care offerings. Powering this growth is a fully integrated, AI-enabled technology platform: custom patient and provider portals, a proprietary telehealth experience, an in-house AI-enabled clinical scribe, and an AI-powered therapist-matching engine. "Our technology buildout has focused on making high-quality care easier to deliver, scale, and measure," said Kwasi Kyei, co-founder and president of Handspring. "This infrastructure is what will let us scale this level of care to far more families without losing what makes it work." As part of the round, Nancy Hilliker of RPS Ventures has joined Handspring's board of directors, and Sarah Fox of Angelini Ventures has joined as a board observer. The new capital will be used to scale Handspring's clinician workforce, expand value-based care partnerships and geographic coverage, deepen the Complex Care program, and further develop the technology platform. HPA congratulates the Handspring team on this milestone and looks forward to supporting the company's continued growth through its People First model, leveraging experienced operators alongside financial capital to help great founders build enduring businesses. HPA Deal Lead Mindy Heintskill will continue contributing her behavioral health and growth expertise to support Handspring's continued growth. Heintskill previously served as Chief Marketing Officer at SonderMind, a company redesigning behavioral health care, and before that as Chief Growth Officer and Chief Marketing Officer at MDLIVE, where she led sales, account management, marketing, and partnerships. Earlier in her career, she held customer insights and marketing leadership roles at Walgreens. Hyde Park Angels congratulate the Handspring team on this milestone and look forward to supporting their continued growth!