About AbleTo
AbleTo is a company based in New York (United States) founded in 2008 was acquired by Optum in April 2020.. AbleTo has raised $108.75 million across 8 funding rounds from investors including Optum, Aetna and Optum Ventures. AbleTo has completed 1 acquisition, including Joyable. AbleTo offers products and services including Therapy360, Coaching Services, and Self-Care Programs. AbleTo operates in a competitive market with competitors including Magellan Health, SonderMind, Lyra Health, Thrive Global and Talkspace, among others.
- Headquarter New York, United States
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Sectors
TechnologyHealthcare
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Email
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Phone
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Website
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Social
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- Legal Name Ableto, Inc.
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Products & Services of AbleTo
AbleTo offers a comprehensive portfolio of products and services, including Therapy360, Coaching Services, and Self-Care Programs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Virtual program to manage depression and anxiety symptoms.
Sessions to build coping skills and reduce stress.
On-demand resources for emotional management and well-being.
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Software Development Team
329 people
Leadership Team
206 people
Data Analysis and Operations Team
57 people
Sales and Marketing
53 people
Product Management Team
29 people
Senior Team
27 people
Finance and Accounting
26 people
Human Resources and Administration
23 people
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Funding Insights of AbleTo
AbleTo has successfully raised a total of $108.75M across 8 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Last Round
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First Round
First Round
(14 May 2013)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series D - AbleTo | Valuation | Optum Ventures |
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| Jun, 2018 | Amount | Series D - AbleTo | Valuation | Sandbox Industries , Horizon Healthcare Services | |
| Aug, 2017 | Amount | Series D - AbleTo | Valuation | Bain Capital Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AbleTo
AbleTo has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Optum, Aetna and Optum Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech and offline focused VC firm funding companies in the US
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Founded Year | Domain | Location | |
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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage tech companies are supported through venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AbleTo
AbleTo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Joyable. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online cognitive behavioral therapy for anxiety treatment is provided.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AbleTo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ableto Comparisons
Competitors of AbleTo
AbleTo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Magellan Health, SonderMind, Lyra Health, Thrive Global and Talkspace, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Behavioral healthcare management and pharmacy services are provided for employees.
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| domain | founded_year | HQ Location |
Virtual telehealth services are provided to individuals and providers.
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| domain | founded_year | HQ Location |
AI-powered mental health benefits for employers are provided.
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| domain | founded_year | HQ Location |
Mental wellbeing coaching platform is provided for enterprises.
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| domain | founded_year | HQ Location |
Online counseling and therapies for mental health conditions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ableto
Frequently Asked Questions about AbleTo
When was AbleTo founded?
AbleTo was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Where is AbleTo located?
AbleTo is headquartered in New York, United States. It is registered at New York, New York, United States.
Is AbleTo a funded company?
AbleTo is a funded company, having raised a total of $108.75M across 8 funding rounds to date. The company's 1st funding round was a Series D of $36.65M, raised on May 14, 2013.
What does AbleTo do?
Offers a digital platform to connect people with licensed therapists and coaches. Plan members have to take a questionnaire to assess their level of need, and the platform matches them with a behavioral health coach and a therapist through a phone or video chat. Individuals can privately access the 22-question, app-based screener without officially enrolling in a program. The tool is based on clinically-validated assessments such as the PHQ2 and GAD2, which screen for common behavioral and mental health conditions, and is intended for people dealing with stress from any number of things such as major life events or transitions, substance abuse, trauma, depression or anxiety. Goals are set as part of an eight-week personalized program.
Who are the top competitors of AbleTo?
AbleTo's top competitors include Lyra Health, Thrive Global and Magellan Health.
What products or services does AbleTo offer?
AbleTo offers Therapy360, Coaching Services, and Self-Care Programs.
How many acquisitions has AbleTo made?
AbleTo has made 1 acquisition, including Joyable.
Who are AbleTo's investors?
AbleTo has 10 investors. Key investors include Optum, Aetna, Optum Ventures, Bain Capital Ventures, and .406 Ventures.
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