Founded Year

2019

Stage

Series D | Alive

Total Raised

$327.5M

Valuation

$0000 

Last Raised

$100M | 1 yr ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+86 points in the past 30 days

About Headway

Headway operates within the mental healthcare sector. It offers a software-enabled network that facilitates therapists' acceptance of health insurance, allowing them to connect with patients through insurance-supported services. It was founded in 2019 and is based in New York.

Headquarters Location

85 Delancey Street

New York, New York, 10002,

United States

646-453–6777

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ESPs containing Headway

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Care Delivery & Navigation Tech

The tele-psychiatry providers market utilizes technology to deliver remote mental health services to patients. This market includes platforms offering psychiatric consultations, therapy, and medication management through video conferencing and digital tools. Providers serve individuals, employers, educational institutions, and healthcare facilities with services ranging from crisis support to ongo…

Headway named as Challenger among 15 other companies, including Teladoc Health, Talkspace, and Spring Health.

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Research containing Headway

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Headway in 2 CB Insights research briefs, most recently on Apr 25, 2024.

Expert Collections containing Headway

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Headway is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,276 items

D

Digital Health

11,408 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

T

Telehealth

3,122 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

D

Digital Health 50

150 items

The winners of the third annual CB Insights Digital Health 150.

a

a16z Marketplace 100

100 items

Latest Headway News

Why It’s Still So Hard to Get a Therapy Referral—and How New Tech Is Helping

Jun 16, 2025

TechBullion A primary care physician sits across from a patient who has just screened positive for depression. It’s clear the patient needs help, but finding that help is another matter entirely. When the doctor pulls up their referral list, it’s either full of outdated contacts or providers who are months out from availability. A next step becomes a dead end. Primary care doctors are the de facto front line for mental health care in America. Nearly 40% of visits for conditions like depression and anxiety occur in primary care settings, yet two-thirds of physicians say they struggle to connect patients with outpatient mental health services. In the absence of reliable referral pathways, many end up prescribing psychiatric medications themselves, responsible for nearly half of all mental health prescriptions, despite limited training in psychiatry. Patients often wait weeks for help or give up entirely, leading to preventable crisis. Charles Wong , Enterprise Product Manager at Headway , a mental health technology startup, is trying to fix that. “Doctors are stuck. Their patients are asking for help, and they have nowhere to send them,” Wong says. “That leaves so many without access to quality behavioral care.” His work centers on giving primary care physicians better tools to make referrals that actually result in treatment. Patients in Limbo Why is it so difficult for PCPs to refer patients to therapy or psychiatry? One major reason is that physical and behavioral health services in the U.S. have largely operated as separate entities. Primary care clinics and behavioral health providers typically operate on different systems, with little coordination. There’s no shared infrastructure to enable smooth handoffs. Insurance further complicates things. Many therapists and psychiatrists don’t accept insurance at all, citing low reimbursement rates and burdensome paperwork. Even those who do may have waitlists stretching for months. “In-network” therapists provided by insurance companies can be wildly inaccurate, containing outdated information about retired or unreachable providers . Patients who could benefit from timely therapy or psychiatric consultation often fall through the cracks, sometimes until their condition becomes acute. The Road to Integration Experts have long argued that the solution lies in integrating mental health care with primary care. When mental health is addressed alongside physical health, patients are more likely to follow through with their treatment. There’s also a financial argument: The American Psychiatric Association estimates that effective integration of mental and physical health care can reduce overall healthcare costs by 10–15% by decreasing emergency department visits and hospitalizations. But in practice, few clinics are able to hire on-site therapists or psychiatrists, and until recently, insurance companies weren’t required to reimburse collaborative care models. The idea has gained traction in policy circles, but for most primary care providers, it remains out of reach. Closing the Referral Loop Headway is one of several companies working to address this problem by using technology to build a better referral infrastructure, focusing on the point of care. Wong led the development of Headway’s referral platform, which connects primary care physicians directly to a vetted network of mental health providers who accept insurance. Most notably, it integrates into the systems doctors already use, such as their electronic health record, so that making a referral doesn’t require learning new software or adding extra steps to an already challenging process. Wong spent months interviewing clinicians and shadowing care teams to understand what goes wrong in the referral process. “We had to really understand the workflow and frustrations of physicians trying to refer,” he explains. On the back end, Headway’s system reaches out to the patient within one business day to schedule care (compared to the industry average of more than two weeks), and confirms follow-up with the referring doctor. This last piece, closing the feedback loop, is one of the most significant improvements. In many systems, a referral is a one-way ticket: the doctor sends a name and never hears back. With their referral platform, physicians get updates confirming whether their patients got connected, making the process feel less like outsourcing and more like coordinated care. “Who does the referring can make a massive difference between getting help and struggling alone,” Wong notes. Toward a More Integrated Future While tech-driven referral networks are still in their infancy, early results like Headway’s suggest they could significantly narrow the gap between primary care and mental health services. Wong’s pilot program, launched with a small group of providers, saw such strong uptake that it quickly scaled to a national initiative. He sees this as part of a much larger, and overdue, change. With over 300,000 primary care physicians in the U.S., embedding behavioral health access into these existing relationships could significantly expand mental health treatment. “Primary care is already doing the work of listening, screening, and diagnosing. We just need to make it easier for them to take the next step,” he says. The U.S. mental health crisis didn’t start with the pandemic, but the surge in demand since then has exposed long-standing structural failures. Insurance reform, better reimbursement policies, and broader public awareness are all part of the solution. But improving referral infrastructure—especially through technology that shortens wait times and closes the loop—may be the most immediate, scalable way to connect patients with care. If these tools continue to gain traction, the experience of seeking therapy could turn from a familiar dead end to a reliable first step .

Headway Frequently Asked Questions (FAQ)

  • When was Headway founded?

    Headway was founded in 2019.

  • Where is Headway's headquarters?

    Headway's headquarters is located at 85 Delancey Street, New York.

  • What is Headway's latest funding round?

    Headway's latest funding round is Series D.

  • How much did Headway raise?

    Headway raised a total of $327.5M.

  • Who are the investors of Headway?

    Investors of Headway include Accel, Thrive Capital, Andreessen Horowitz, Spark Capital, Forerunner Ventures and 14 more.

  • Who are Headway's competitors?

    Competitors of Headway include Wysa, Grow Therapy, Tava Health, Array Behavioral Care, Telemynd and 7 more.

  • Who are Headway's customers?

    Customers of Headway include Aetna, Cigna and Optum.

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Compare Headway to Competitors

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Octave

Octave provides mental health care through in-person and virtual therapy services across various sectors. The company offers individual, couples, and family therapy, and serves individuals seeking mental health support, as well as couples and families, by connecting them with a network of therapists. It was founded in 2018 and is based in San Francisco, California.

Alma Logo
Alma

Alma provides services for insurance acceptance and in-network care for therapists, along with business tools for their practice. Alma serves the mental health care sector, connecting therapists with insurance partners. It was founded in 2018 and is based in Brooklyn, New York.

A
Anise Health

Anise Health offers online interventions, including tele-mental health services, tailored to acknowledge cultural contexts and intersectional needs. Anise Health primarily serves the Asian community, providing treatment plans and matching clients with providers. It was founded in 2021 and is based in New York, New York.

Talkiatry Logo
Talkiatry

Talkiatry specializes in providing virtual psychiatry services within the mental health care domain. Its offerings include medication management and supportive therapy for conditions such as ADHD, anxiety, bipolar disorder, depression, OCD, and PTSD, all covered by insurance. Talkiatry primarily serves individuals seeking accessible mental health treatment through virtual consultations. It was founded in 2019 and is based in New York, New York.

W
Wellnite Health

Wellnite Health is a company that provides mental healthcare services. Their offerings include therapy sessions, mental health tracking tools, and emotional well-being insights. Wellnite serves individuals seeking mental health support and organizations looking to provide mental health services to their employees. It was founded in 2019 and is based in San Francisco, California.

Brightside Health Logo
Brightside Health

Brightside Health focuses on providing mental health care services. It offers online treatment for a range of mental health conditions, including anxiety, depression, insomnia, post-traumatic stress disorder (PTSD), and more, utilizing a combination of licensed psychiatric providers and therapy techniques. Brightside Health was formerly known as Good Measure. The company was founded in 2017 and is based in San Francisco, California.

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