Handspring

Handspring

Pediatric therapy services with affordable care

About Handspring

Simplify's Rating
Why Handspring is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Healthcare

Company Size

51-200

Company Stage

Series A

Total Funding

$18.2M

Headquarters

New York City, New York

Founded

2021

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.

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Simplify's Take

What believers are saying

  • Joon Care acquisition adds Washington state government and commercial payer contracts.
  • Insurance acceptance expands addressable market beyond FSA/HSA out-of-pocket payments.
  • Service expansion to ages 8–26 plus parent coaching increases revenue per family.

What critics are saying

  • Joon Care unprofitability forces Handspring to subsidize operations, delaying breakeven.
  • Insurance reimbursement rates ($60–80) undercut $95 cash-pay pricing without volume growth.
  • Hazel Health's 2025 acquisitions enable scale-driven pricing pressure and payer consolidation.

What makes Handspring unique

  • Evidence-based CBT and BPT with 98% parent-reported improvement rates.
  • Comprehensive care model integrating therapy, medication management, and parent training.
  • Rapid access: free consultation within 48 hours, treatment starts within one week.

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Funding

Total Funding

$18.2M

Meets

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
Discord
$12M
Handspring
$15M
Canva
$30M
Kalshi

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

Headcount

6 month growth

0%

1 year growth

-3%

2 year growth

3%
RamaOnHealthcare
Dec 9th, 2025
Pediatric Provider Handspring Health Buys Joon Care

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...

Behavioral Health Business
Dec 9th, 2025
Handspring Health acquires Joon Care to expand pediatric behavioral health services

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.

MagNews
Jul 2nd, 2025
Handspring Raises Millions for Youth Therapy

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.

FinSMEs
Jun 26th, 2025
Handspring Raises in $12M Series A Funding

Handspring raises in $12M Series A funding.

Endpoints News
Jun 26th, 2025
Handspring Health Raises $12M for Youth Care

Handspring Health, a youth virtual mental health startup, has raised $12M in a Series A funding round. The round was led by Cobalt Ventures.

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