Two Chairs Raises $72 Million in Series C Funding as Demand for Virtual Therapy Surges nextdigitalhealth.com

Two Chairs Raises $72 Million in Series C Funding as Demand for Virtual Therapy Surges

Two Chairs, a prominent therapy startup founded by Alex Katz in 2017, has secured $72 million in Series C equity and debt financing. This latest investment, led by Amplo and Fifth Down Capital, brings Two Chairs’ total funding to an impressive $103 million. Amplo, which also spearheaded Two Chairs’ $22.5 million Series B round in 2019, demonstrated continued confidence in the company’s trajectory amid the evolving landscape of behavioral health services.

Two Chairs’ success has been all thanks to its strategic adaptation to the demands of the COVID-19 pandemic. Initially rooted in an in-person therapy model, the company swiftly transitioned to a remote-first approach as the global health crisis unfolded. Today, over 500 therapists associated with Two Chairs predominantly deliver treatments virtually, significantly departing from the startup’s original emphasis on face-to-face sessions.

https://nextdigitalhealth.com/funding-news/two-chairs-raises-72-million-in-series-c-funding-as-demand-for-virtual-therapy-surges/