Quan Acquisition, Valuation, Funding & Investors

Lyra Health is a Burlingame, California-headquartered provider of mental health benefits for employers, serving over 15 million covered lives at companies like Uber, Netflix, and eBay. Its platform uses AI-driven matching to connect employees with 5,000 licensed therapists and coaches, achieving 3x higher utilization rates than industry averages. Lyra Health offers services including therapy, coaching, psychiatry, and digital tools for conditions like anxiety and depression. Founded in 2015, the company raised $200 million in Series D funding in 2021 and expanded into Medicare Advantage plans.

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.

Doximity Inc is a digital platform for U.S. medical professionals. The cloud-based platform provides members with tools specifically built for medical professionals, enabling them to collaborate with their colleagues, securely coordinate patient care, conduct virtual patient visits, stay up-to-date with the latest medical news and research, and manage their careers and on-call schedules.

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.

Spring Health is a New York-headquartered provider of mental health benefits for employers and health plans. Its Precision Mental Healthcare platform matches employees to therapies, coaching, medication management, or digital programs using clinical data. The company serves Fortune 500 firms and insurance carriers, operating in the US with tools for depression, anxiety, and stress treatment.

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.

Compass Pathways PLC is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. The company is motivated by the need to find ways to help and empower people suffering with mental health challenges who are not helped by existing therapies and are pioneering the development of a new model of psilocybin therapy, in which psilocybin is administered in conjunction with psychological support. Its focus is on treatment-resistant depression, or TRD, a subset of major depressive disorder, or MDD, comprising patients who are inadequately served by the treatment paradigm. It has developed a proprietary, high-purity polymorphic crystalline formulation of psilocybin, COMP360.

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.

Modern Health is a global mental health platform that delivers therapy, coaching, and self-guided courses to employees via a single app supporting 35 languages. The service incorporates the World Health Organization's well-being assessment alongside wellness kits and access to licensed therapists and certified coaches. San Francisco-headquartered Modern Health partners with employers worldwide to enhance mental health support, integrating services seamlessly for corporate wellness programs.

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.

Brightline is a Palo Alto-based behavioral health provider offering virtual therapy and coaching for children aged 0-18 and their families. Founded in 2019, it serves 1 million+ members through employer and health plan contracts with Aetna and Cigna, delivering 100,000 sessions monthly via app-based care teams. Brightline specializes in autism, ADHD, and anxiety with 90% clinical match rates, backed by $132 million in funding. The platform operates nationwide with licensed therapists in 50 states.

Thrive Global is a behavior change technology company offering platforms, apps, and corporate programs for wellness. New York City-headquartered with offices in San Francisco, Athens, Bucharest, Dublin, and Melbourne, it launched in 2016 to promote science-based practices reducing burnout in workplaces.

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.