Mental Health App Raises $50 Million for Expansion
- Talkspace also signs deal with UnitedHealth Group’s Optum unit
- Online counseling expands as U.S. faces mental health crisis
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A startup whose app connects people with mental health clinicians for counseling through text messages and video chats raised $50 million and forged ties with the biggest U.S. health insurer, a sign that the market for delivering psychotherapy remotely is growing.
The company, Talkspace, said Wednesday that the investment round led by Revolution Growth brings the total amount it has raised so far to about $110 million. Its deal with Optum, a unit of UnitedHealth Group Inc., will make the Talkspace app available to about 2 million Optum customers.