About Breakthrough
Breakthrough is a company based in Redwood City (United States) founded in 2009 was acquired by MD Live in June 2014.. Breakthrough has raised $5.9 million across 2 funding rounds from investors including MD Live, Social Capital and First Round Capital. The company has 258 employees as of December 31, 2018. Breakthrough operates in a competitive market with competitors including SonderMind, AbleTo, Talkspace, Cerebral and Ginger, among others.
- Headquarter Redwood City, United States
- Employees 258 as on 31 Dec, 2018
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Sectors
Healthcare
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Phone
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Website
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Social
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Funding Insights of Breakthrough
Breakthrough has successfully raised a total of $5.9M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in July 2013. 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 2
- Last Round Series A — $5.0M
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First Round
First Round
(13 Aug 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2013 | Amount | Series A - Breakthrough | Valuation |
investors |
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| Aug, 2012 | Amount | Angel Round - Breakthrough | Valuation |
investors |
| 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 Breakthrough
Breakthrough has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include MD Live, Social Capital and First Round Capital. 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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US focused seed and early-stage VC firm
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Founded Year | Domain | Location | |
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Tech focused early-stage micro VC firm investing in the US
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Founded Year | Domain | Location | |
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US focused VC firm investing in seed & growth stage companies
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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 Breakthrough
| 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 |
Financial Statements - Breakthrough
| 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 |
Breakthrough Comparisons
Competitors of Breakthrough
Breakthrough 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 SonderMind, AbleTo, Talkspace, Cerebral and Ginger, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual telehealth services are provided to individuals and providers.
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| domain | founded_year | HQ Location |
Offers a digital platform to connect people with licensed therapists and coaches
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| domain | founded_year | HQ Location |
Online counseling and therapies for mental health conditions are provided.
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| domain | founded_year | HQ Location |
Provider of online counseling services for mental health conditions
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| domain | founded_year | HQ Location |
On-demand mental health solutions are offered to individuals and organizations.
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| domain | founded_year | HQ Location |
A mental health therapist consultation platform is provided for users.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Breakthrough
When was Breakthrough founded?
Breakthrough was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is Breakthrough located?
Breakthrough is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is Breakthrough a funded company?
Breakthrough is a funded company, having raised a total of $5.9M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $900K, raised on Aug 13, 2012.
How many employees does Breakthrough have?
As of Dec 31, 2018, the latest employee count at Breakthrough is 258.
What does Breakthrough do?
Breakthrough is an online marketplace that connects people with mental health providers for online live video based counselling and psychiatry sessions. Clients can search for providers on multiple criteria and schedule appointments to get private care. Mental health providers can build their online profile, send secure messages, schedule appointments and deliver HIPAA-compliant online care. Covers 2M healthplan members. It was acquired by MDLIVE in Nov14.
Who are the top competitors of Breakthrough?
Breakthrough's top competitors include Talkspace, Cerebral and SonderMind.
Who are Breakthrough's investors?
Breakthrough has 5 investors. Key investors include MD Live, Social Capital, First Round Capital, Great Oaks Venture Capital, and CRV.
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