About Headway
Headway is a company based in New York (United States) founded in 2012 by Daniel Ross and Andrew Adams.. Headway has raised $321 million across 5 funding rounds from investors including Accel, Health Care Service Corporation and Spark Capital. The company has 134 employees as of December 31, 2021. Headway operates in a competitive market with competitors including AbleTo, SonderMind, Brightside Health, LifeStance and Talkspace, among others.
- Headquarter New York, United States
- Employees 134 as on 31 Dec, 2021
- Founders Daniel Ross, Andrew Adams
- Stage Unicorn
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Annual Revenue
$16.53 K (USD)10as on Dec 31, 2022
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Net Profit
$2.33 K (USD)236as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$321 M (USD)
in 5 rounds
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Latest Funding Round
$100 M (USD), Series D
Jul 23, 2024
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Investors
Accel
& 7 more
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Employee Count
134
as on Dec 31, 2021
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Funding Insights of Headway
Headway has successfully raised a total of $321M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in July 2024. 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 5
- Last Round Series D — $100.0M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series D - Headway | Valuation | Spark Capital | |
| Oct, 2023 | Amount | Series C - Headway | Valuation | Spark Capital | |
| May, 2021 | Amount | Series B - Headway | Valuation | a16z |
| 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 Headway
Headway has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel, Health Care Service Corporation and Spark 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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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage technology startups are invested in by Thrive Capital.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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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 Headway
| 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 - Headway
| 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 |
Headway Comparisons
Competitors of Headway
Headway 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 AbleTo, SonderMind, Brightside Health, LifeStance 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 |
|---|---|---|---|---|
| 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 |
Virtual telehealth services are provided to individuals and providers.
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| domain | founded_year | HQ Location |
Virtual therapy and treatment for mental health conditions are offered.
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| domain | founded_year | HQ Location |
Telehealth bookings for mental health consultations are facilitated online.
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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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| 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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Latest news on Headway
Frequently Asked Questions about Headway
When was Headway founded?
Headway was founded in 2012 and raised its 1st funding round 7 years after it was founded.
Where is Headway located?
Headway is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Headway?
Andrew Adams is the current CEO of Headway. They have also founded this company.
Is Headway a funded company?
Headway is a funded company, having raised a total of $321M across 5 funding rounds to date. The company's 1st funding round was a Series B of $70M, raised on Jun 01, 2019.
How many employees does Headway have?
As of Dec 31, 2021, the latest employee count at Headway is 134.
What is the annual revenue of Headway?
Annual revenue of Headway is $16.53K as on Dec 31, 2022.
What does Headway do?
Headway was founded in 2012 in New York, United States, as a provider in the mental health sector. A platform is offered that enables users to locate therapists for in-person or virtual sessions. Insurance plans are integrated to facilitate payments for these consultations. Operations focus on connecting individuals with qualified mental health professionals across the country.
Who are the top competitors of Headway?
Headway's top competitors include Brightside Health, Talkspace and Cerebral.
Who are Headway's investors?
Headway has 8 investors. Key investors include Accel, Health Care Service Corporation, Spark Capital, Thrive Capital, and Andreessen Horowitz.
What is Headway's valuation?
The valuation of Headway is $1B as of Oct 2023.
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