About Talkspace
Talkspace is a company based in New York (United States) founded in 2011.. Talkspace has raised $109 million across 7 funding rounds from investors including SoftBank Group, HHS and Norwest Venture Partners. The company has 521 employees as of December 31, 2024. Talkspace has completed 2 acquisitions, including Lasting and Wisdo. Talkspace offers products and services including Individual Therapy, Couples Therapy, Psychiatry, and Teen Therapy. Talkspace operates in a competitive market with competitors including SonderMind, AbleTo, Brightside Health, Cerebral and LifeStance, among others.
- Headquarter New York, United States
- Employees 521 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Talkspace, Inc.
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Annual Revenue
$187.59 M25.02as on Dec 31, 2024
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Net Profit
$1.15 M106as on Dec 31, 2024
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EBITDA
$-3.64 M83.47as on Dec 31, 2024
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Total Equity Funding
$109 M (USD)
in 7 rounds
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Latest Funding Round
$2.77 M (USD), Grant
Sep 03, 2020
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Investors
SoftBank Group
& 10 more
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Employee Count
521
as on Dec 31, 2024
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Investments & Acquisitions
Lasting
& 1 more
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IPO & Listings of Talkspace
Talkspace is a publicly listed company on the NASDAQ with ticker symbol TALK in USA, operating in the Health services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Talkspace
Talkspace offers a comprehensive portfolio of products and services, including Individual Therapy, Couples Therapy, Psychiatry, and Teen Therapy. 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.
Online sessions for personal mental health support and coping strategies.
Sessions to address relationship issues and improve communication.
Evaluation and medication management for mental health conditions.
Specialized support for adolescents dealing with mental health challenges.
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Leadership Team
16 people
Software Development Team
15 people
Sales and Marketing
13 people
Product Management Team
7 people
Senior Team
6 people
Human Resources and Administration
5 people
Finance and Accounting
5 people
Full Team
5 people
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Funding Insights of Talkspace
Talkspace has successfully raised a total of $109M across 7 strategic funding rounds. The most recent funding activity was a Grant round of $2.77 million completed in September 2020. 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 7
- Last Round Grant — $2.8M
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First Round
First Round
(12 May 2014)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Grant - Talkspace | Valuation |
investors |
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| May, 2019 | Amount | Series D - Talkspace | Valuation | Revolution | |
| Sep, 2017 | Amount | Series C - Talkspace | Valuation | Qumra Capital |
| 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 Talkspace
Talkspace has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include SoftBank Group, HHS and Norwest Venture Partners. 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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Revolution is recognized as a D.C.-based investment firm.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Late-stage tech investments in Israel are made by Qumra Capital.
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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 Talkspace
Talkspace has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Lasting and Wisdo. 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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Marriage counseling is delivered via an app-based platform.
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2016 | ||||
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Online communities for various health conditions are facilitated.
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2015 |
| 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 - Talkspace
| 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 |
Talkspace Comparisons
Competitors of Talkspace
Talkspace 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, Brightside Health, Cerebral and LifeStance, 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 |
Virtual therapy and treatment for mental health conditions are offered.
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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 |
Telehealth bookings for mental health consultations are facilitated online.
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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 Talkspace
Frequently Asked Questions about Talkspace
When was Talkspace founded?
Talkspace was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Talkspace located?
Talkspace is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Talkspace a funded company?
Talkspace is a funded company, having raised a total of $109M across 7 funding rounds to date. The company's 1st funding round was a Series C of $31M, raised on May 12, 2014.
How many employees does Talkspace have?
As of Dec 31, 2024, the latest employee count at Talkspace is 521.
What is the annual revenue of Talkspace?
Annual revenue of Talkspace is $187.59M as on Dec 31, 2024.
What does Talkspace do?
Talkspace was established in 2011 in New York, United States, within the mental health sector. Online platforms are utilized to deliver counseling and therapy services for various conditions, including bipolar disorder, stress, and anxiety. Access to licensed therapists is made available through text-based chats at any time, supporting users across the country with flexible mental health treatment options.
Who are the top competitors of Talkspace?
Talkspace's top competitors include Brightside Health, Cerebral and SonderMind.
What products or services does Talkspace offer?
Talkspace offers Individual Therapy, Couples Therapy, Psychiatry, and Teen Therapy.
Is Talkspace publicly traded?
Yes, Talkspace is publicly traded on NASDAQ under the ticker symbol TALK.
How many acquisitions has Talkspace made?
Who are Talkspace's investors?
Talkspace has 11 investors. Key investors include SoftBank Group, HHS, Norwest Venture Partners, Revolution, and Qumra Capital.
What is Talkspace's ticker symbol?
The ticker symbol of Talkspace is TALK on NASDAQ.
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