Heard

Heard

Fintech platform for therapists' financial management

Overview

Placeholder

Significant Headcount Growth

About Heard

Simplify's Rating
Why Heard is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Enterprise Software

Fintech

Financial Services

Company Size

51-200

Company Stage

Series A

Total Funding

$26.3M

Headquarters

San Francisco, California

Founded

2019

Simplify Jobs

Simplify's Take

What believers are saying

  • Therapists' median revenue hit $80,412 in 2025, up 18%.
  • $15M funding in 2025 hires VP Brooke Skinner for expansion.
  • Private Practice Launch Grants awarded $14,000 each in April 2026.

What critics are saying

  • Frame, Alma, Headway bundle EHR and credentialing, eroding Heard's base.
  • SimplePractice integrates banking and payroll, capturing 100,000 users.
  • Post-$15M dilution accelerates cash burn, risking insolvency by 2028.

What makes Heard unique

  • Heard builds financial software exclusively for therapists and wellness practitioners.
  • Founders launched in 2019 with accountant's therapist insights.
  • Saves users 60 hours yearly and $5,000 in taxes annually.

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Funding

Total Funding

$26.3M

Below

Industry Average

Funded Over

3 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
Meet Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$15M
Heard
$30M
Kalshi

Benefits

Remote Work Options

Flexible Work Hours

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Holidays

Family Planning Benefits

Fertility Treatment Support

Wellness Program

Mental Health Support

Stock Options

Company Equity

Conference Attendance Budget

Professional Development Budget

Phone/Internet Stipend

Home Office Stipend

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

2%

2 year growth

1%
AlleyWatch
Jun 26th, 2023
The Weekly Notable Startup Funding Report: 6/26/23 – AlleyWatch

Founded by Ben Ellis and Geoff Chapin in 2020, Carbonwave has now raised a total of $18.9M in total equity funding and is backed by Global Fund for Coral Reefs and Pegasus Capital

Google
Jun 23rd, 2023
Heard raises $15M to expand its financial tech tools for mental health professionals – GeekWire

Brooke Skinner, a former senior director at Seattle cosmetic procedures startup RealSelf, will join Heard in July as vice president of finance and data.

TechCrunch
Jun 22nd, 2023
Heard Technologies Grabs Another $15M To Develop Therapist Accounting Tools

It’s hard to run a business and help customers at the same time. And with more people seeking mental health practitioners these days, therapists are feeling a similar struggle to balance patients and paperwork.Victoria Li and Andrew Riesen started Heard Technologies in 2019 to reduce the burden from all of that back-end office work, like bookkeeping, taxes and payroll, so therapists can spend more time with patients.“There still remains a lot of opportunity to build provider-first and provider-focused solutions,” CEO Riesen told TechCrunch. “Much of the innovation has been around care accessibility or at the intersection of payers or employers. We’re building a solution that gives providers a bit more time and space back, both physically and emotionally, given the work that they do.”Solo practitioners pay $199 per month to be a part of Heard, while group practices pay $299 per month. Annual subscriptions are discounted. There is also a payroll add-on for $40 per month.Seattle-based Heard began in 2019 like some of those other companies — for example, Frame, Alma and Headway — helping provide access to care

GeekWire
May 6th, 2022
Seattle Startup Heard Raises $10M To Ease Administrative Load For Mental Health Providers

Seattle startup Heard, which helps mental health professionals manage bookkeeping, payroll and related services, has raised $10 million in Series A funding. The funding builds on $1.

GeekWire
Mar 17th, 2021
Seattle startup Heard raises $1.3M to help mental health professionals run their own business

New funding: Heard, a 2-year-old startup aiming to help mental health professionals manage bookkeeping and taxes, raised $1.3 million.

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