Handspring raises $19M series B for evidence-based youth mental health
What's the deal? Handspring Health, a virtual mental health clinic for children, teens, and young adults, raised $19 million in a series B round. RPS VenturesDealroom has a profile for this one. Try Dealroom → led, with new investor Angelini VenturesDealroom has a profile for this one. Try Dealroom → and returning backers Cobalt VenturesDealroom has a profile for this one. Try Dealroom →, NextView Ventures, NVP CapitalDealroom has a profile for this one. Try Dealroom →, Hyde Park AngelsDealroom has a profile for this one. Try Dealroom →, and Cornucopian CapitalDealroom has a profile for this one. Try Dealroom →.
What's the endgame? The startup, founded in 2021, will grow its clinician workforce, expand value-based care partnerships with payers, and broaden its geographic reach. It also plans to build out complex care models and invest in its technology platform.
By the numbers: Handspring has now raised $37 million to date, including US$7.76M series A in 2025. The new round marks a sharp step-up from that raise.
How it works: Clinicians treat patients aged 12 to 26 for anxiety, depression, OCD, ADHD, trauma, and other conditions. Therapists are employed rather than contracted and trained in-house in evidence-based methods such as cognitive behavioral therapy, dialectical behavior therapy, and exposure therapy. The model also includes ongoing training and support for parents.
Why it matters? Chief executive officer and co-founder Sahil Choudhry argues that access is "only half the story," pointing to inconsistent use of evidence-based care as the deeper gap. "We know CBT works, but as a field we just don't use it consistently," he said. He contends that better outcomes could ease the therapist shortage by reducing how much care each patient needs.
The signal: Investors continue to back pediatric behavioral health startups betting on quality and outcomes over pure access. The round follows peers such as InStride Health, which raised US$19.4M series C to expand pediatric mental health services.
Read more: Fierce Healthcare
