Two Chairs, a San Francisco, CA-based behavioral health company, closed a $72m Series C equity and debt financing.
The round was led by Amplo with Fifth Down Capital, and other investors also participating. Bridge Bank provided the debt financing.
This latest round, which brought the total capital raised to $103M, will further expand the company’s reach, deepen investments in technology, and accelerate growth.
Founded in 2017 by CEO Alex Katz, Two Chairs delivers a therapy model where a licensed clinician matches patients with their ideal therapist. The company then uses their system for measurement-based care to help patients get better, faster. Two Chairs employs over 500 licensed therapists across 90 areas of expertise and has more than 20 million covered lives.
The company offers a hybrid care approach with in-person and virtual therapy with offices in multiple cities in California, Washington state, and Florida. Two Chairs has plans to grow into additional states in the next 12 months. With an in-network model, the company works with Aetna nationally and Kaiser Permanente in Washington and Northern California. Additional healthcare partnerships will be finalized in 2024.
FinSMEs
16/04/2024