Bicycle Health Funding, Investors & Competitors

Hims & Hers, launched in 2017, is a telehealth platform that connects patients and healthcare providers to offer treatment options for specialties like erectile dysfunction, hair loss, skin care, mental health, and weight loss. Its offerings include generic, branded, and compounded prescription drugs as well as over-the-counter medicines, cosmetics, and supplements. The platform, which has more than 2 million subscribers, is available in all 50 states and certain European markets like the UK. It includes provider networks, electronic medical records, cloud pharmacy fulfillment, and personalization capabilities. Hims does not take insurance and only accepts payments directly from customers.

Cerebral is a US-based telemedicine provider offering mental health care for anxiety, depression, and ADHD. Headquartered in San Francisco, it connects patients with licensed therapists and prescribers via app for medication management and therapy sessions. The platform serves all 50 states with insurance billing for Aetna and Cigna. Cerebral uses evidence-based protocols like CBT and follows APA guidelines. Launched in 2020, it expanded to couples counseling.

Grow Therapy is a New York-headquartered online platform connecting clients with licensed mental health providers across all 50 U.S. states. It handles credentialing, billing, and insurance claims for in-network therapists, integrating with Aetna, Cigna, Medicare, Medicaid, and UnitedHealthcare among 100-plus payers. The service delivers matched referrals, business tools, peer communities, and continuing education events to independent practitioners. Supporting thousands of therapists serving over 1 million clients, Grow Therapy raised $178 million from investors including Sequoia Capital and Goldman Sachs Alternatives.

Headway is a virtual mental health platform connecting patients with licensed therapists who accept insurance. New York-headquartered Headway streamlines booking for video or in-person sessions across all 50 U.S. states. The platform verifies provider credentials, handles billing with major insurers like Aetna and UnitedHealthcare, and supports 200 therapy specialties including anxiety and trauma. Launched in 2019, Headway serves over 10 million covered lives, enabling practices to scale through technology.

Nourish is a virtual nutrition care provider using AI to deliver insurance-covered dietitian services addressing chronic diseases. New York-headquartered since 2020, it matches patients with registered dietitians for personalized plans covered by Medicare and major plans, focusing on diabetes, hypertension, and weight management.

Apricus Health is a telehealth provider offering direct primary care memberships with 24/7 access to physicians and navigators for diagnosing common conditions like infections, hypertension, and mental health issues. Available nationwide via app and video, it covers virtual visits, prescriptions, labs, and chronic disease management without insurance requirements. Apricus emphasizes personalized plans and preventive screenings.

Elemy is a provider of in-home behavioral and mental healthcare for children nationwide. Denver-headquartered, it launched autism care services in April 2020 before expanding to ADHD, OCD, anxiety, depression, social anxiety, and bipolar disorder. The platform integrates telehealth scheduling, progress tracking, and multidisciplinary teams of therapists, behavior analysts, and psychiatrists delivering whole-child treatment models. Elemy partners with insurers like UnitedHealthcare and Aetna, focusing on underserved families in 25 states with outcomes including doubled therapy adherence rates.

Teladoc Health Inc is engaged in virtual care, forging a new healthcare experience with improved convenience, outcomes, and value. Its mission is to empower all people everywhere to live their healthiest lives by transforming the healthcare experience. It operates in Teladoc two segments Health Integrated Care and BetterHelp segments. The majority of its revenue is generated from access fees on a subscription basis (per member, per month). The balance comes from visit fees and equipment rental and sales to hospital systems.

SonderMind is a Denver-headquartered teletherapy platform founded in 2017 that matches patients with licensed therapists across 50 states. Its network includes 3,000 providers specializing in anxiety, depression, and trauma, serving 200,000 sessions monthly for individuals, employers, and health plans like Aetna. The platform handles billing, scheduling, and outcomes tracking via HIPAA-compliant software. SonderMind operates in partnership with 100 corporate clients and reports 85 percent client retention through personalized matching algorithms.

Talkspace Inc is a behavioral healthcare company offering access to licensed therapists, psychologists, and psychiatrists through its technology platform. It serves clients including health plans, enterprises, and individual subscribers. Therapists address various mental health conditions, while psychiatrists cater to a higher acuity demographic. Revenue stems from payor and direct-to-enterprise clients, with contracts lasting one to three years. The majority of the Company’s operations and revenues are based in the United States.

Doktor.se is a Stockholm-based digital healthcare provider delivering remote consultations via app with nurses, doctors, and psychologists. Services include prescriptions, referrals, and primary care from Swedish offices. Founded in 2016, Doktor.se holds approvals from regional health authorities for nationwide coverage.

Workit Health is a telemedicine provider specializing in substance use disorder treatment through its mobile app. Based in San Francisco, California, the platform delivers medication-assisted therapy, individual counseling, group sessions, psychiatric care, and recovery coaching compliant with ASAM standards. Founded in 2016, it serves patients in 38 U.S. states, treating over 25,000 individuals annually with evidence-based protocols including buprenorphine prescriptions and cognitive behavioral therapy. Workit Health partners with employers and health plans for accessible outpatient care.

Headspace is a global mental health platform available through headspace.com, combining meditation, mindfulness exercises, self-guided care paths, coaching, and therapy in a single app. It partners with employers, health plans, and organizations to deliver psychiatry, employee assistance programs, care navigation, and work-life services. Headspace employs clinicians, content producers, and data scientists to serve users worldwide with personalized resilience-building programs.

Kaya Holdings Inc is a holding company. It is focusing on wellness and mental health through operations in psychedelic treatment clinics, medical and recreational cannabis, and CBD products. The company own and operate a medical cannabis dispensary in the United States. Its has produced, distributed, and/or sold a full range of premium cannabis products including flower, oils, vape cartridges and cannabis infused confections, baked goods and beverages through a fully integrated group of subsidiaries and companies supporting distinctive brands.

Devoted Health offers Medicare Advantage plans for seniors in the United States. Headquartered in Boston, Massachusetts, the company integrates health insurance with virtual care, in-home visits, and concierge services through its Devoted Medical division. Plans cover 10 states including Florida and Texas, emphasizing primary care and chronic condition management. Devoted Health partners with providers like Mass General Brigham and leverages proprietary technology for personalized care coordination.

Max Healthcare Institute Ltd is a health care service provider. The company's facilities include third-party healthcare providers with whom the company has entered long-term service contracts for providing clinical, radiology, and pathology services. Its hospitals provide the full range of services through its Outpatient, Day Care, Emergency Room, and In-Patient departments to accommodate medical specialties such as orthopedics, internal medicine, general surgery, cardiac sciences, oncology, neurosciences, and obstetrics, as well as diagnostics. The group derives revenue from India.

Oscar Health Inc is a healthcare technology company built around a full stack technology platform and a relentless focus on serving its members. It offers Individual & Family plans and health technology solutions that power the healthcare industry. Oscar operates as one segment to sell insurance to individuals, families and employees through the federal and state-run healthcare exchanges formed in conjunction with the Patient Protection and Affordable Care Act (ACA) and leverages its technology platform to provide services via its Oscar offering.