Talkspace is one of several companies selling low-cost, high-tech alternatives to regular in-person therapy visits. (Photo: Shutterstock)
A startup whose app connects people with mental health clinicians for counseling through text messages and video chats raised $50 million and forged ties with the biggest U.S. health insurer, a sign that the market for delivering psychotherapy remotely is growing.
The company, Talkspace, said Wednesday that the investment round led by Revolution Growth brings the total amount it has raised so far to about $110 million. Its deal with Optum, a unit of UnitedHealth Group Inc., will make the Talkspace app available to about 2 million Optum customers.
About 57 million adults had mental health or substance-use conditions in 2017, and about 70 percent of them received no treatment, according to federal estimates.
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