What is AbleTo?
Founded in 2008 and headquartered in New York, AbleTo operates a technology-enabled platform designed to provide accessible mental health care. The company's core offering involves connecting individuals seeking support with qualified therapists through a digital interface. This approach aims to streamline the process of mental health treatment, making it more convenient and readily available. AbleTo's business model positions it within the rapidly evolving digital health and telehealth industry, addressing a critical need for scalable mental wellness solutions.
How much funding has AbleTo raised?
AbleTo has raised a total of $60.1M across 5 funding rounds:
Series A
$3M
Series B
$6M
Series C
$12M
Private Equity
$2.5M
Series D
$36.6M
Series A (2013): $3M with participation from .406 Ventures, LLC.
Series B (2014): $6M led by Sandbox Industries and BlueCross BlueShield Venture Partners
Series C (2015): $12M supported by BlueCross BlueShield Venture Partners, .406 Ventures, LLC., HLM Venture Partners, and Sandbox Industries
Private Equity (2016): $2.5M featuring Canaan Partners
Series D (2017): $36.6M backed by 406 Ventures, Horizon Healthcare Services, HLM Venture Partners, Sandbox Industries, Aetna, and Bain Capital Ventures
Key Investors in AbleTo
.406 Ventures, LLC.
.406 Ventures is a venture capital firm specializing in early-stage companies with high potential, particularly in healthcare, data and AI, and cybersecurity. They focus on building strong founder relationships and providing support beyond capital to help transform businesses into industry leaders.
Sandbox Industries
Sandbox Industries is a venture capital firm founded in 2011, investing in startups at the intersection of entrepreneurial thinking and large corporate enterprises, with a focus on consumer technology, food, agriculture, and healthcare.
BlueCross BlueShield Venture Partners
BlueCross BlueShield Venture Partners manages capital to invest in emerging companies of strategic relevance to Blue Cross and Blue Shield Plans, working collaboratively with 29 BCBS entities. Sandbox Industries provides investment management services to the fund.
What's next for AbleTo?
With the recent influx of $36.6M in strategic capital, AbleTo is poised for accelerated growth and enhanced service delivery. This substantial investment, part of its overall $60.1M in funding, suggests a focus on scaling operations, expanding its network of mental health professionals, and potentially developing new therapeutic modalities or digital tools. The company's trajectory indicates a strong commitment to solidifying its position as a leader in the digital mental health space, likely exploring further market penetration and strategic partnerships to broaden its reach and impact.
See full AbleTo company page
