Headway

New Capabilities

Primary competitor with 50,000 providers and $2.3B valuation

For decades, finding a therapist who accepts insurance in the United States has been a contradiction: insurance plans technically cover mental health, but so few therapists participate in insurance networks that most patients either pay out of pocket or go without care. Grow Therapy, founded during the pandemic's mental health surge, has built an infrastructure layer that makes it easier for independent therapists to accept insurance—and it just raised $150 million at a $3 billion valuation, with roughly $1 billion in revenue and a network covering 220 million insured Americans.

Updated May 30