What is AbleTo?
Founded in 2008 and headquartered in New York, AbleTo operates a sophisticated digital platform designed to bridge the gap between patients and licensed therapists. By leveraging technology to streamline access to mental health services, the company addresses critical inefficiencies in the traditional care delivery model. Its market position is bolstered by a robust network of strategic partners and investors who recognize the growing demand for accessible, data-driven behavioral health solutions in an increasingly digitized healthcare landscape.
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 BlueCross BlueShield Venture Partners, Sandbox Industries, .406 Ventures, LLC., and HLM Venture Partners
Private Equity (2016): $2.5M featuring Canaan Partners
Series D (2017): $36.6M backed by Sandbox Industries, Bain Capital Ventures, HLM Venture Partners, 406 Ventures, Horizon Healthcare Services, and Aetna
Key Investors in AbleTo
Bain Capital Ventures
A leading global private investment firm that provides flexible capital solutions and deep operational expertise to support high-growth companies across multiple sectors, including healthcare.
.406 Ventures, LLC.
A venture capital firm specializing in early-stage healthcare, data, and AI investments, known for partnering with founders to build industry-leading businesses.
Sandbox Industries
A venture capital firm that operates at the intersection of entrepreneurial innovation and large corporate enterprises, with a specific focus on the healthcare and technology sectors.
What's next for AbleTo?
The infusion of capital from its latest funding round positions AbleTo to accelerate its enterprise-level growth strategy. By focusing on expanding its digital infrastructure and deepening its integration with major health insurance providers, the company is well-equipped to capture a larger share of the behavioral health market. Future initiatives will likely prioritize the enhancement of its proprietary matching algorithms and the scaling of its clinical network to meet the evolving needs of health plans and employers seeking comprehensive mental health support for their populations.
See full AbleTo company page
