Talkspace: Coming To A Cell Phone Near You
Do you own a smartphone? At this point most of us do. You probably already know some of the cool things that you can use it for such as accessing your social media platforms, text messaging your friends or family, or even playing games. However, did you know that you can now also access mental health therapy sessions from that phone? It is true. The company known as Talkspace has brought this to our phones and any Internet connected device that we may own since 2012. These days they are gaining even more market attention as their latest round of funding brought in $50 million dollars.
Humble Beginnings
The company has fairly humble beginnings having only been founded in 2012. It does not yet have a long track history so to speak, but don’t let this fool you into thinking that they are not serious in terms of the services that they provide. Talkspace has quickly become a leading provider of mental health care in the United States.
The concept behind this company is that not enough people are able to access reliable mental health care under our current system. They wanted to offer affordable health to anyone and everyone via their Internet-connected devices. They felt that this was a better way to meet people where they are in their modern life.
Strong Support From Users Translates To Strong Financial Numbers
The CEO of the company says that they have approximately one million paying customers. The customers pay a rate between $49 and $79 depending on what services they choose to access. Some may pay a little extra for some add-ons that are available.
Investors have seen these numbers and are largely impressed. They want to put their money into this company because for them it is a matter of getting a good return on investment. It seems at this point in time that the odds are pretty good that this company will continue to be successful. The latest round of investing brought in $50 million dollars. That brings the total amount put into this company by outsiders at $110 million dollars up to this point.
The Possibility Of An IPO Is Real
The company is definitely looking ahead towards a possible IPO according to rumors. They seem to be ready to get their launch onto those public markets so that the public at large may get their chance to invest in this company as well. An IPO could raise a significant amount of money to fund ongoing operations for Talkspace, the online therapy and could help these early investors to cash out the money that they have already put in.
Millennials Love It
The millennial generation is driving so much of what is happening in many different economic spheres. This is increasingly true when it comes to things like mental health as well. They are pleased to be able to access the care they need right when they need it. They also love that companies are taking those first few steps towards helping them get the help the desire as well. Millennials have largely rewarded the company with their business, and they may well decide that they will reward them with their investments in the future as well.
The company is absolutely thrilled with all of the excitement around their brand, and they want to continue to growth that hope. They are partnering with numerous healthcare insurance companies to continue to provide outstanding access to each and every person that they can possibly reach. That has been their mission from the beginning, and it has worked out swimmingly thus far.