GV, a corporate venturing subsidiary of internet technology group Alphabet, has co-led a $26m series A round for US-based mental healthcare provider Headway with technology investment firm Thrive Capital.
Existing backers Accel, GFC and IA Ventures also participated in the round, as did founders of healthcare technology companies One Medical, Flatiron Health and Clover Health. The company has now raised $32m in total, including $4.5m in a seed round led by Accel.
Headway operates a national network of more than 1,700 therapists who can accept health insurance as payment for their services.
The company’s online platform allows clients to book appointments with therapists and psychiatrists and its free software handles the processing of insurance for professionals.
The series A round will support Headway’s expansion across the United States, as well as the growth of its 30-person workforce, co-founder and CEO Andrew Adams told Crunchbase News.
Adams said in a blog post announcing the funding: “It is time for a new mental healthcare system, rewired for access and affordability. We are making that system real – today.”