What is AbleTo?
Founded in 2008 and headquartered in New York, AbleTo operates a sophisticated digital platform designed to bridge the gap between mental health professionals and individuals in need of care. By leveraging a technology-enabled delivery model, the company addresses the growing demand for accessible, high-quality behavioral health interventions. AbleTo occupies a strategic position in the healthcare market, effectively integrating clinical expertise with digital infrastructure to improve patient outcomes and streamline the therapeutic process for diverse populations.
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 Sandbox Industries and BlueCross BlueShield Venture Partners
Series C (2015): $12M supported by HLM Venture Partners, Sandbox Industries, BlueCross BlueShield Venture Partners, and .406 Ventures, LLC.
Private Equity (2016): $2.5M featuring Canaan Partners
Series D (2017): $36.6M backed by Bain Capital Ventures, Sandbox Industries, Horizon Healthcare Services, 406 Ventures, Aetna, and HLM Venture Partners
Key Investors in AbleTo
.406 Ventures, LLC.
.406 Ventures is a venture capital firm that partners with early-stage companies demonstrating home run potential, particularly in the fields of healthcare, data and AI, and cybersecurity.
Bain Capital Ventures
Bain Capital is a leading global private investment firm that applies deep sector expertise and broad capabilities to drive innovation and unlock exceptional outcomes for its portfolio companies.
Sandbox Industries
Sandbox Industries is a venture capital firm that works at the intersection of entrepreneurial thinking and large corporate enterprises, focusing on consumer technology and healthcare startups.
What's next for AbleTo?
With a robust history of capital backing, AbleTo is well-positioned to further its mission of expanding access to mental health services. The company's strategic focus likely involves scaling its digital platform to meet enterprise-level demand, enhancing its proprietary matching algorithms, and deepening partnerships with major healthcare payers. As the digital health sector continues to consolidate, AbleTo's ability to leverage its existing investor network and operational expertise will be instrumental in maintaining its competitive advantage and driving long-term value in the behavioral health space.
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