What is AbleTo?
Founded in 2008 and headquartered in New York, AbleTo operates a digital platform designed to connect individuals with therapists, offering accessible mental health care solutions. The company leverages technology to streamline the process of finding and engaging with mental health professionals, addressing a critical need in the healthcare landscape. Its model focuses on providing scalable and effective mental health services through a digital-first approach.
How much funding has AbleTo raised?
AbleTo has raised a total of $60.1M across 5 funding rounds:
Series A
$3M
Series B
$6M
Series C
$12M
Private Equity
$2.5M
Series D
$36.6M
Series A (2013): $3M with participation from .406 Ventures, LLC.
Series B (2014): $6M led by BlueCross BlueShield Venture Partners and Sandbox Industries
Series C (2015): $12M supported by BlueCross BlueShield Venture Partners, HLM Venture Partners, Sandbox Industries, and .406 Ventures, LLC.
Private Equity (2016): $2.5M featuring Canaan Partners
Series D (2017): $36.6M backed by Horizon Healthcare Services, 406 Ventures, Bain Capital Ventures, Aetna, HLM Venture Partners, and Sandbox Industries
Key Investors in AbleTo
BlueCross BlueShield Venture Partners
BlueCross BlueShield Venture Partners is a venture capital firm that invests in emerging companies of strategic relevance to Blue Cross and Blue Shield Plans, focusing on areas like healthcare technology.
Bain Capital Ventures
Bain Capital Ventures is a venture capital firm that invests in a range of sectors, including technology and healthcare, providing growth capital and strategic support to portfolio companies.
406 Ventures
.406 Ventures is a venture capital firm specializing in early-stage companies within healthcare, data and AI, and cybersecurity, aiming to transform businesses into industry leaders.
What's next for AbleTo?
The recent major strategic investment in AbleTo signals a strong confidence from its backers in the company's trajectory and its potential to further innovate within the digital mental health space. This capital infusion is likely to fuel further development of its platform, expansion into new markets, and enhancement of its service offerings. AbleTo is poised to continue its role as a key player in transforming how mental health care is delivered and accessed.
See full AbleTo company page
