Handspring Health has raised $19 million in Series B funding to expand its virtual mental health services for children, adolescents and young adults. The round was led by RPS Ventures, with participation from new and existing investors, bringing the company’s total funding to $37 million. Founded in 2021, Handspring plans to use the capital to grow its clinical workforce, expand into new markets, strengthen value-based care partnerships with health insurers and further develop its technology platform.
The company provides virtual treatment for individuals aged 12 to 26 with conditions including anxiety, depression, obsessive-compulsive disorder, ADHD and trauma-related disorders. Unlike many teletherapy providers that rely on independent contractors, Handspring employs its therapists directly and provides ongoing training in evidence-based treatment approaches such as cognitive behavioral therapy, dialectical behavior therapy and exposure therapy. The care model also includes education and support for parents, recognizing the important role families play in long-term mental health outcomes.
Handspring says its strategy extends beyond simply improving access to care by focusing on delivering consistent, evidence-based treatment that can improve outcomes for young patients. The company believes higher-quality care can reduce the duration and intensity of treatment while helping address broader workforce shortages in behavioral health. The funding reflects continued investor interest in pediatric mental health platforms that combine virtual care with measurable clinical outcomes, as demand for youth behavioral health services continues to grow.
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