Mental Health Startup Headway Nabs $2.3 Billion Valuation

Spark Capital is leading a $100 million funding round for the company 

Mental health startup Headway is raising a new funding round valuing the company at $2.3 billion, according to people familiar with the matter, roughly doubling its valuation from a year earlier.

The financing brings in about $100 million for Headway, which connects people with therapists and can handle tasks like looking up benefits and booking appointments. The round is being led by Spark Capital. The company’s existing investors include Thrive Capital, Accel, Andreessen Horowitz and Global Founders Capital.