What is Two Chairs?
Founded in 2017, Two Chairs is a healthcare technology company that provides virtual and in-person therapy services. The company leverages a proprietary matching algorithm designed to effectively pair clients with therapists, aiming to enhance the accessibility and efficacy of mental health treatment. This innovative approach positions Two Chairs as a key player in the digital health and wellness sector, addressing the growing demand for accessible and personalized mental healthcare solutions.
How much funding has Two Chairs raised?
Two Chairs has raised a total of $107.5M across 4 funding rounds:
Multiple Rounds
$35.5M
Series C
$72M
Series A (2019): $7M with participation from Maveron
Series B (2019): $21M led by Maveron, Goldcrest, and Amplo
Other Financing Round (2019): $7.5M supported by Taubman Capital, Tam Holdings, and Makers Fund
Series C (2024): $72M featuring Fifth Down Capital and Amplo
Key Investors in Two Chairs
Maveron
Maveron is a consumer-focused venture capital firm that invests in early-stage companies transforming consumer experiences. They prioritize human behavior and technological disruption, with a portfolio including notable consumer brands.
Makers Fund
Makers Fund is a global venture capital fund dedicated to supporting innovators in the games and interactive entertainment industry, providing capital and strategic guidance to early-stage businesses.
Fifth Down Capital
Fifth Down Capital partners with entrepreneurs and fund managers leveraging technology to build the future, focusing on venture and growth-stage companies with strong teams and innovative business models.
What's next for Two Chairs?
The recent major strategic investment and the overall enterprise-level funding indicate that Two Chairs is likely in a scaling phase, focusing on expanding its service offerings, technological infrastructure, and market reach. This capital infusion is expected to fuel further development of its matching algorithm, enhance its virtual and in-person care capabilities, and potentially support geographic expansion. The company's strategic focus will likely involve solidifying its position in the competitive mental health market by continuing to innovate in patient-provider matching and care delivery.
See full Two Chairs company page
