Handspring Health Raises $12M in Series A Funding
Handspring, a mental health provider based in NYC, has successfully secured $12 million in Series A funding. The company specializes in offering virtual therapy services to youth, young adults, and their families, focusing on delivering high-quality care.
Key Points of the Funding Round
The funding round was led by Cobalt Ventures, with significant contributions from NextView Ventures, nvp capital, 25madison, Arkitekt Ventures, VamosVentures, Hyde Park Angels (HPA), Cornucopian Capital, and other investors. Additionally, two health plans participated in the funding, showing strong support for Handspring’s mission.
Plans for the Future
With the newly acquired funds, Handspring aims to enhance its clinical programs for complex patient populations, expand its value-based care partnerships, and improve its proprietary technology platform. The company plans to focus on developing AI tools to automate operations and enhance the outcomes of care provided to clients.
About Handspring Health
Handspring Health, led by CEO Sahil Choudhry and President Kwasi Kyei, is dedicated to offering structured, evidence-based virtual therapy to children, adolescents, young adults, and their families. The company’s services include skills-based therapies such as Cognitive Behavioral Therapy (CBT) and Dialectical Behavior Therapy (DBT), addressing issues like anxiety, depression, OCD, ADHD, and trauma.
Moreover, Handspring’s unique approach includes a Complex Care program designed to support high-risk youth who may not receive adequate care through traditional outpatient services. The company’s technology platform integrates AI-powered tools and a therapist matching engine to ensure personalized and effective care delivery.
Overall, Handspring’s commitment to providing accessible and high-quality mental health services sets it apart in the industry, making it a valuable resource for those in need of support.
