Headway

Headway

Connects patients with affordable mental health services

About Headway

Simplify's Rating
Why Headway is rated
B-
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Healthcare

Company Size

1,001-5,000

Company Stage

Late Stage VC

Total Funding

$327M

Headquarters

New York City, New York

Founded

2019

Overview

Headway makes it easier for individuals to find and pay for mental health therapy by connecting them with therapists and psychiatrists who accept insurance. Users can filter through a wide range of providers based on their preferences, ensuring affordable care without out-of-pocket expenses. For mental health providers, Headway reduces the administrative burden of accepting insurance, allowing them to focus on patient care. The company's goal is to create a more efficient mental healthcare system that benefits both patients and providers.

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Simplify's Take

What believers are saying

  • Teletherapy adoption boosts Headway's virtual network expansion opportunities.
  • Insurance integration aligns with Headway's model, enhancing accessibility and affordability.
  • AI in mental health can improve Headway's patient matching process and satisfaction.

What critics are saying

  • Increased competition from platforms like BetterHelp and Talkspace.
  • Potential backlash from professionals feeling undervalued by Headway's platform.
  • Regulatory scrutiny risk as Headway expands into Medicare Advantage and Medicaid.

What makes Headway unique

  • Headway simplifies finding and paying for therapy with insurance-accepting providers.
  • It reduces administrative burdens for mental health professionals, enhancing patient care focus.
  • Headway's diverse network of 34,000 providers meets cultural and linguistic needs.

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Funding

Total Funding

$327M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Equity Compensation

Medical, Dental, and Vision coverage

HSA / FSA

401K

Work-from-Home Stipend

Therapy Reimbursement

16-week parental leave for eligible employees

Carrot Fertility annual reimbursement and membership

13 paid holidays each year as well as a Holiday Break during the week between December 25th and December 31st

Flexible Paid Time Off

Employee Assistance Program (EAP)

Training and professional development

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

0%
HW
Apr 4th, 2025
New Award: Headway Recognized for the Best Partners Program 2025

Last month, Headway received a brand-new award - "Best Partners Program 2025."

Nava Benefits
Mar 6th, 2025
Nava + Headway: redefining access to mental healthcare

That's why navabenefits.com is thrilled to announce its partnership with Headway, a company redefining how mental healthcare is delivered.

Security Magazine
Aug 28th, 2024
Susan Chiang hired as Chief Information Security Officer at Headway

Susan Chiang has been appointed Chief Information Security Officer (CISO) at Headway, a mental health organization.

Finsmes
Jul 23rd, 2024
Headway Raises $100M in Series D

Headway, a NYC-based mental healthcare system company, raised $100 million in Series D funding led by Spark Capital, with participation from Thrive Capital, Accel, a16z, and Forerunner Ventures. The funds will be used to accelerate platform development and expand into Medicare Advantage and Medicaid. CEO Andrew Adams highlighted the impact on improving lives and supporting providers. Headway's network includes 34,000 diverse providers, offering quick scheduling and referral options.

Bloomberg
Jul 12th, 2024
Therapy Startup Headway Nabs $2.3 Billion Valuation

Spark Capital is leading a $100 million funding round for the company

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