The virtual behavioral healthcare company is now trading on Nasdaq under the symbol TALK; As part of the deal, it also got $250M of growth capital.
The program was sponsored entirely by Talkspace with the idea that mental health care should not be a privilege for the rich, but a right of every human being.
The first test will be a 500-person study of anxiety, stress, and depression at Columbia University, followed by a PTSD study at Duke.
The latest features update enables patients to exchange audio and video messages with their therapist, for a more enriching online therapy experience.
The program will use evidence-based treatment practices to bring awareness to the negative effects of social media and help users develop coping strategies.
Participants experienced improved psychological well-being in three months, with higher satisfaction given to convenience and affordability, among other things.
Spark Capital led the round with participation from SoftBank; the fresh capital will go towards expand the company's tech team and improving the technology.
The company offers a real-time on-demand therapy platform that connects people with licensed therapists anytime, anywhere.
Metamorphic Ventures is joining existing investors Spark Capital and Soft Bank, while bringing the total seed round funds raised to $3.5 million.
50 million Americans are being referred to a therapist every year, but less than one-third are receiving the help they need, which is "simply insane."