Two Chairs

Two Chairs

Personalized therapy via clinics and teletherapy

About Two Chairs

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

Industries

Healthcare

Company Size

501-1,000

Company Stage

Series C

Total Funding

$100M

Headquarters

San Francisco, California

Founded

2017

Overview

Two Chairs provides in-person and teletherapy mental health care with personalized therapist matching. After an initial consultation, clients are paired with a therapist whose style and expertise align with their goals, helping adults address anxiety, depression, and stress. Sessions occur in thoughtfully designed clinics and via teletherapy to improve accessibility. The company handles insurance claims on behalf of clients, making therapy more affordable and easy to access. Compared to others, Two Chairs emphasizes a careful matching process and a seamless, client-centered therapy experience across its Bay Area and Los Angeles clinics. The goal is to make high-quality mental health care smooth, accessible, and effective for a diverse range of clients.

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Simplify's Take

What believers are saying

  • $72M Series C funding enables Miami clinic launch December 2024.
  • Expansion to 19 states by summer boosts virtual reach to millions.
  • Group therapy achieves 89% satisfaction, scaling without clinician increases.

What critics are saying

  • Lyra Health's employer contracts divert Two Chairs' insured patients now.
  • Headspace's $10/month app captures cost-sensitive teletherapy users immediately.
  • Resilience Lab poaches therapists with 20% higher pay, spiking attrition.

What makes Two Chairs unique

  • Two Chairs employs W2 therapists across 90 specialties for quality control.
  • Human-led matching with algorithm yields 98% first-match success rate.
  • Measurement-based care delivers 2.5x better anxiety and depression outcomes.

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Funding

Total Funding

$100M

Meets

Industry Average

Funded Over

4 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Company Equity

Paid Vacation

Health Insurance

Dental Insurance

Vision Insurance

Home Office Stipend

401(k) Retirement Plan

Professional Development Budget

Health Savings Account/Flexible Spending Account

Wellness Program

Paid Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

3%
PR Newswire
Oct 15th, 2024
Healthie Secures $23M Series B To Continue Building Infrastructure For Longitudinal, Virtual-First Healthcare

New funding will accelerate product innovation and expand Healthie's API-first platform for next-generation healthcare delivery. NEW YORK, Oct. 15, 2024 /PRNewswire/ -- Healthie, the leading API-first EHR, scheduling, and engagement platform, announced that it has raised $23 million Series B, led by TCV with participation from existing investors including Birchmere, Velvet Sea Ventures, and Greymatter, and Watershed. Healthie will use this capital to continue building products for its customers, who deliver virtual-first, longitudinal, and collaborative care. "Healthie's customers put patient experience and outcomes at the center of care delivery - this is exactly what Healthcare needs, and traditional EHRs were not designed like this."  says Erica Jain, CEO and co-founder of Healthie. "Innovation in healthcare requires a long-term mindset and we're proud to support our customers for years to come so they can build long-term relationships with their patients and increase access to important healthcare."

intelligence360
Jun 17th, 2024
Two Chairs To Expand Into New Space In Miami Florida.

Two Chairs to expand into new space in Miami Florida. Two Chairs to expand into new space in Miami Florida.Miami, Florida — According to state and local development sources, Two Chairs plans to build out new space in Miami. The company plans to occupy the new space at 100 S.E. 2nd St. in Miami, on or about December 1, 2024. According to the company website At Two Chairs, we believe that mental health care should be more welcoming and accessible

Pulse 2.0
Apr 17th, 2024
Two Chairs: Modern Behavioral Health Company Raises $72 Million

Modern behavioral health company Two Chairs announced that it has closed a $72 million Series C equity and debt financing round led by Amplo.

FinSMEs
Apr 16th, 2024
Two Chairs Raises $72M in Series C Equity and Debt Funding

Two Chairs, a San Francisco, CA-based behavioral health company, closed a $72m Series C equity and debt financing

Vator
Apr 16th, 2024
Two Chairs raises $72M to match patients to the right mental health provider

Two Chairs raises $72M to match patients to the right mental health provider.

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