Presence Funding, Investors & Competitors

Presence has raised $410M across 4 funding rounds, most recently a $350M undisclosed-stage round in November 2021.

Last Presence funding round

$350M

Undisclosed stage · Nov 2021

Cumulative funding Presence raised

$410M

across 4 funding rounds

Key investors in Presence

  • New Markets Venture Partners
  • Catamount Ventures
  • Birchmere Ventures
  • Catalyst Investors
  • Blue Heron Capital
  • Bain Capital
  • Allen & Company
  • Calvert Social Venture Partners

Presence Overview

About Presence

Presence is a teletherapy provider delivering special education services like speech therapy, occupational therapy, and behavioral health to K-12 students across the United States. San Francisco-headquartered, it has conducted over 2.5 million online sessions through licensed clinicians. Presence partners with school districts in 40 states for assessments and early intervention programs.


Founded

2009

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2B

Revenue model

Services

Presence Funding History

Presence has raised a total of $410M across 4 funding rounds.

Presence's first fundraising round was a $8M Series B in April 2013. The most recent completed round was a $350M undisclosed-stage round in November 2021.

Presence funding rounds

Presence funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2021Undisclosed stage-$350MPresenceLearning provides online speech therapy, occupational therapy, behavioral health, and special education services through a teletherapy platform connecting schools with licensed providers. The company has raised a total of $64.34M across 8 funding rounds from 16 investors including The Rise Fund, Spectrum Equity, Catamount Ventures, New Markets Venture Partners, and Catalyst Investors. On December 2, 2021, PresenceLearning underwent an Acq - Fin transaction valued at $350M, which aligns closely with the queried approximate date of 12/11/2021; this appears to represent the post-money valuation in a financial acquisition by The Rise Fund.
May 2020Series DBain Capital (lead); Catamount Ventures; Catalyst Investors; New Markets Venture Partners$27MPresence (formerly PresenceLearning) is the leading provider of live online special education related services and teletherapy for K-12 schools. Founded in 2009, the company operates a network of over 2,000 highly-qualified clinicians to expand access to special education and mental health services in PreK-12 schools, addressing chronic staffing shortages across the country. The platform delivers teletherapy and tele-assessment services designed by clinicians, for clinicians, with the goal of enhancing human connection between therapists and students. By March 2020, nearly 10,000 schools in 47 states had partnered with Presence, and the company had delivered more than 6 million teletherapy sessions to students across the nation over its first decade. On May 19, 2020, Presence announced a $27 million Series D growth investment led by Bain Capital Double Impact, with participation from existing investors Catalyst Investors, New Markets Venture Partners, and Catamount Ventures. According to CEO Kate Eberle Walker, the funding was positioned to accelerate the company's expansion of online therapy and assessment services to meet growing school needs, particularly as COVID-19 expanded the relevance of remote clinical services. Bain Capital Double Impact's investment aligned with the firm's focus on companies delivering both competitive financial returns and meaningful social and environmental impact, particularly in education and workforce development.
Nov 2015Series CCatalyst Investors (lead); Catamount Ventures; Blue Heron Capital; New Markets Venture Partners; Birchmere Ventures$25M-
Apr 2013Series BBlue Heron Capital (lead); New Markets Venture Partners (lead); Catamount Ventures; Allen & Company; Calvert Social Venture Partners; Birchmere Ventures$8M-

Who has invested in Presence?

8 investors have backed Presence across its funding rounds, including New Markets Venture Partners, Catamount Ventures, Birchmere Ventures, Catalyst Investors, Blue Heron Capital and Bain Capital.

Lead investors include Bain Capital, Catalyst Investors, Blue Heron Capital and New Markets Venture Partners.


Presence Investors

Investors in Presence by funding rounds participated
InvestorHQRoundsRoleFirst check
Catamount VenturesUnited StatesSan Francisco, CA3ParticipantApr 2013
New Markets Venture PartnersUnited StatesBaltimore, MD3LeadApr 2013
Catalyst InvestorsUnited StatesNew York City, NY2LeadNov 2015
Blue Heron CapitalUnited StatesRichmond, VA2LeadApr 2013
Birchmere VenturesUnited StatesPittsburgh, PA2ParticipantApr 2013
Bain CapitalUnited StatesBoston, MA1LeadMay 2020

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Acquisitions by Presence

Presence has acquired 2 companies to date.

Last acquisition by Presence was on May 18th 2026. Presence acquired Education Modified for undisclosed valuation.


Latest Acquisitions by Presence

Education Modified
Global Teletherapy
Description
Education Modified is a platform equipping special education teachers with research-based strategies and progress monitoring tools. Based in the US, it centralizes IEPs, behavior interventions, and data trackers aligned with ESSA standards. The system serves districts with templates for students with autism, dyslexia, and ADHD, integrating with Google Workspace. Education Modified supports compliance reporting for over 100 special ed programs nationwide.
Global Teletherapy offers online therapy sessions specifically designed for children, connecting them with licensed therapists via secure video platforms.
HQ CountryUnited StatesUnited States
HQ City
Boston, MA
Baltimore, MD
Deal Date18 May 20268 Dec 2021
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Presence Competitors

Presence competitors include listed companies like Max Healthcare Institute and Oscar Health, and private ones like Devoted Health, Ping An Good Doctor, Ro and WeDoctor.

Public and private companies comparable to Presence
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Devoted HealthUnited StatesBoston, MAPrivate$3.3B-$13B4.0x
Max Healthcare InstituteIndiaIndiaPublicly listed$858M$232M$10B10.2x
Oscar HealthUnited StatesUnited StatesPublicly listed$12B($391M)$9.9B0.4x
Ping An Good DoctorChinaShenzhenPrivate$271M-$8.8B32.5x
RoUnited StatesNew York City, NYPrivate$598M-$7B11.7x
WeDoctorChinaHangzhouPrivate$139M-$7B50.4x

Presence Public Comps

Presence is still privately-owned, but its public comps include Max Healthcare Institute, Oscar Health, Pearson, New Oriental Education, Duolingo, Hims, TAL Education, Laureate Education, Graham Holdings and Covista.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Max Healthcare Institute$858M$232M12.6x10.2x46.5x36.8x
Oscar Health$12B($391M)0.5x0.4x(15.9x)12.8x
Pearson$4.8B$1.4B2.4x2.3x8.1x10.4x
New Oriental Education$4.9B$563M1.0x0.8x8.8x5.6x
Duolingo$1B$152M5.4x4.9x37.3x17.9x
Hims$2.3B$178M3.1x2.4x40.4x23.9x
TAL Education$3B$700M1.3x1.2x5.7x6.9x
Laureate Education$1.7B$515M3.2x3.0x10.7x9.6x

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Common questions about Presence

When was Presence founded?Presence was founded in 2009.
Where is Presence headquartered?Presence is headquartered in New York City, NY, United States.
Is Presence publicly listed?No, Presence is a private, VC-backed company.
How much funding has Presence raised?Presence has raised $410M across 4 funding rounds.
What was Presence's last funding round?Presence's last funding round was a $350M undisclosed-stage round in November 2021.
Who are Presence's investors?Presence's investors include Catamount Ventures, New Markets Venture Partners, Catalyst Investors, Blue Heron Capital, Birchmere Ventures, Bain Capital, Allen & Company and Calvert Social Venture Partners.
Which companies are comparable to Presence?Companies comparable to Presence include Devoted Health, Max Healthcare Institute, Oscar Health, Ping An Good Doctor, Ro and WeDoctor.
How many companies has Presence acquired?Presence has acquired 2 companies, including Education Modified and Global Teletherapy.

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