Mental health startup nears $1B valuation

Headway, a mental health startup based in New York City, is expected to be valued at more than $1 billion after a new funding round, Bloomberg reported Feb. 27.

Headway pairs individuals with virtual or in-person mental health providers in their coverage network and has partnerships with insurers including Aetna, Cigna and UnitedHealthcare, according to the company's website

The company was valued at $770 million after a funding round in 2021, and sources told Bloomberg that in a new funding round, the company is expected to raise approximately $100 million from investors including Spark Capital, Thrive Capital, Andreessen Horowitz and Accel.

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