Talkspace, the web and mobile app that lets people connect and communicate with licensed therapists, has today announced the close of a $1 million bridge from Metamorphic Ventures to close out their seed round. This brings Talkspace’s total raised to $3.5 million as Metamorphic joins existing investors Spark Capital and Soft Bank.
Alongside the new financing, the therapy platform is now launching on Android, with the app available now on Google Play.
Talkspace provides access to licensed therapists to anyone who can use the internet, for $25/week. And taking therapy entirely into the digital world, Talkspace also allows users to stay anonymous.
What’s most interesting about TalkSpace is that therapy doesn’t necessarily have to happen once a week or once a month. Users can chat with a therapist at any time of the day, with unlimited messaging for that flat $25/week fee.
Talkspace currently has over 200 therapists working on the platform with around 70,000 members since launch.
It’s a great alternative to traditional therapy. While you are paying far less and have the opportunity to talk through issues at literally any time of the day, without ever revealing your identity. Plus, you are always talking to the same therapist unless you request a change.
Talkspace says that one in every five Americans suffers from some mental health issue, and yet more than half of them don’t receive any treatment.
“The biggest challenge is the stigma associated with mental illness and how we’re going to remove the stigma,” said cofounder and CEO Oren Frank. “While people do think that it’s important to get help, it’s also a huge pain to get it. That’s why many people suffer in silence and ignore their own problems because they are afraid of social stigma.”
The new financing is going toward building out partnerships in the enterprise space, offering CFOs the chance to set up employees with a Talkspace account on a company-wide basis.