Talkspace

Talkspace is a virtual behavioral healthcare company offering convenient and affordable access to licensed therapists and psychiatrists through web and mobile platforms.

Health Tech & Life Sciences
Acquired by Universal Health Services
Acquired New York, United States Founded 2012
Website ↗
Last updated 2026-08-14
Total raised
$1.5B
Last: D Round 2019-05
Stage
Acquired
Founded
2012
Headcount
500+
HQ
New York, United States
Sector
Health Tech & Life Sciences

About

Talkspace is a leading virtual behavioral healthcare company that connects users with licensed therapists and psychiatrists through web and mobile platforms. Founded in 2012 by Oren and Roni Frank, the company provides online therapy services for individuals, couples, and teens, as well as psychiatric treatment and medication management. Talkspace aims to make high-quality mental health support universally available, leveraging technology to deliver care through various modalities including text, audio, and video messaging, and live video sessions. The company has shifted its primary focus from direct-to-consumer services to enterprise and payer partnerships, working with health insurance plans, employers, and government institutions to expand access to mental healthcare.

Funding history · 10 rounds · $1.5B total

2026-03
Secondary Round $835.0M
★ Universal Health Services
2021-11
Grant $3.0M
★ National Institute of Mental Health (NIMH)
2021-06
Public Offering $250.0M
★ Hudson Executive Investment Corp. (HEIC)
2021-01
PIPE $300.0M
★ Deerfield★ Woodline Partners LP★ Jennison Associates LLC★ Federated Hermes Kaufmann Funds★ Hudson Executive Investment Corp.
2020-09
Grant $3.0M
★ National Institute of Mental Health (NIMH)
2019-05
D Round $50.0M
★ Revolution GrowthAstiaOptumJOE KrausEneko KnorrKIN VenturesQumra CapitalSpark CapitalSusa VenturesOmura CapitalEnrique DuboisAlpine VenturesCompound VenturesCourtney RobinsonGoodwater CapitalGotham GAL VenturesIlluminate VenturesMetamorphic VenturesDolby Family VenturesNorwest Venture PartnersAltair Capital ManagementMangrove Capital Partners
2016-06
B Round $15.0M
2015-05
A Round $9.5M
2014-12
Seed Undisclosed

Team · 12

Oren Frank
Founder · founders
Roni Frank
Founder · Co-Founder
Jon Cohen
CEO
G. M.
CTO
N. S. C.
Chief Business Officer & Executive Vice President
J. M.
Chief Product Officer
A. C.
Chief People Officer
E. B.
Chief Growth Officer, Enterprise
N. B.
Chief Medical Officer
I. H.
Chief Financial Officer
J. R.
Chief Legal Officer
M. P.
Chief Compliance Officer

Sectors & technology

Primary sector
Health Tech & Life Sciences
Technologies
Target customers
Business model
SubscriptionB2BB2CPayer Partnerships

Tags

mental-healthtelehealthonline-therapybehavioral-healthdigital-health
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)

External links

Websitewww.talkspace.com
X / Twittertwitter.com/Talkspace

Identifiers & details

Legal nameTalkspace, Inc.
Founded2012
Employees (exact)1193

Acquisitions & public offerings

Acquired by Universal Health Services 2026-03 $835.0M

AcquiredDateAmount
Wisdo Health2025-10