Headway Overview
Pro stress-test →Headway operates as a three-sided marketplace connecting patients, mental health providers, and insurance plans through a unified technology platform. The company has built a software-enabled network of therapists who accept health insurance, making it easy for therapists to grow their practices, and possible for patients to find quality care they can afford.
Strategic Profile
Pro stress-test →Since Headway's last fundraise in October 2023, the company has grown its community of providers by more than 30%, and more than doubled its number of in-network health plans. In July 2024, Headway secured $100 million in series D funding, boosting its valuation to $2.3 billion, a 130% increase from its previous valuation. Headway has a "clear line of sight to company-level profitability," and its revenue has more than doubled in the past 12 months.
Competitive Landscape
Pro stress-test →Headway's top competitors include SonderMind, Lyra Health and Cerebral. Rula Health operates a three-sided marketplace model with over 10,000 providers nationwide and partnerships with Amazon Health Services, charging providers a percentage of reimbursements, contrasting with Headway's zero-fee approach. Alma employs a membership model, charging providers $125 monthly plus a percentage of claims, and targets community-focused clinicians.
Industry Context
Headway operates in Mental health insurance platforms.
Key facts
Founded: 2019 · Headquarters: New York, US · Employees: 4,277 (May 2026) · Revenue: $126.9M (2026) · Market cap: N/A