Handspring Secures $12 Million to Transform Pediatric Mental Health Care
June 28, 2025, 3:32 pm
In a world where mental health is increasingly recognized as a cornerstone of overall well-being, Handspring has emerged as a beacon of hope for youth and their families. The New York City-based mental health provider recently announced a successful $12 million Series A funding round, led by Cobalt Ventures. This infusion of capital marks a significant milestone in the company’s mission to deliver high-quality virtual therapy tailored specifically for children, adolescents, and young adults.
The funding round attracted a diverse group of investors, including NextView Ventures, nvp capital, 25madison, Arkitekt Ventures, VamosVentures, Hyde Park Angels, and Cornucopian Capital. Notably, two unnamed health plans also joined the round, underscoring the growing alignment between payers and Handspring’s clinically rigorous approach to mental health care.
Handspring is not just another player in the crowded mental health landscape. It stands out by addressing a critical gap: the shortage of qualified pediatric mental health providers. In a system often reliant on gig-based networks, Handspring has chosen a different path. The company employs a workforce of fully trained therapists, ensuring that each clinician is not only qualified but also deeply invested in the care they provide. This commitment to quality is reflected in their structured onboarding process, ongoing training, and weekly consultations that keep therapists at the top of their game.
The company’s therapeutic offerings are rooted in evidence-based practices. They utilize skills-based Cognitive Behavioral Therapy (CBT), Dialectical Behavior Therapy (DBT), exposure therapy, and parent coaching. These methods are designed to empower young patients and their families, fostering a collaborative environment where progress is tracked and celebrated. Handspring’s Complex Care program specifically targets high-risk youth who often fall through the cracks of traditional outpatient services. This approach not only prevents unnecessary referrals to emergency departments but also provides a lifeline to those who might otherwise be underserved.
The impact of Handspring’s model is already evident. Reports indicate that 96% of families experience improvements in their daily lives upon discharge. Furthermore, clinical outcomes show that 84% of patients treated for anxiety and 79% for depression achieve measurable improvements. These statistics are not just numbers; they represent lives transformed, families healed, and futures brightened.
With the new funding, Handspring plans to deepen its clinical programs for complex patient populations. This means expanding partnerships in value-based care, which aligns financial incentives with patient outcomes. Additionally, the company aims to enhance its proprietary technology platform. This includes the development of AI tools designed to automate operations and improve care outcomes. By leveraging technology, Handspring is not just keeping pace with the digital age; it is setting the standard for what virtual mental health care can and should be.
The leadership team at Handspring, led by CEO Sahil Choudhry and President Kwasi Kyei, is passionate about redefining mental health care for youth. They understand that while access to care is crucial, it must not come at the expense of quality. Their vision is clear: patients deserve more than just a therapist; they deserve a comprehensive, evidence-based treatment experience that fosters genuine therapeutic relationships.
As Handspring continues to grow, it is also mindful of the broader landscape of pediatric mental health care. The COVID-19 pandemic catalyzed a significant shift toward virtual telehealth services, and studies suggest this trend is here to stay. In fact, a substantial portion of U.S. children and adolescents now receive outpatient mental health care through video visits. This shift has opened doors but also highlighted the need for quality assurance in virtual care.
Handspring is not alone in this mission. Other organizations, such as Teladoc and Brightline, are also making strides in pediatric mental health services. However, Handspring’s commitment to a whole-family approach sets it apart. By actively involving parents in the therapeutic process, the company empowers families to support their children beyond therapy sessions. This holistic perspective is essential in fostering long-term well-being.
As the mental health crisis among youth continues to escalate, Handspring’s innovative model offers a promising solution. The recent funding will enable the company to expand its reach and enhance its services, ensuring that more families have access to the care they need. In a world where mental health is often stigmatized and overlooked, Handspring is shining a light on the importance of early intervention and comprehensive care.
In conclusion, Handspring’s $12 million Series A funding is not just a financial milestone; it is a testament to the growing recognition of the importance of mental health care for youth. With a commitment to quality, a focus on evidence-based practices, and a dedication to family involvement, Handspring is poised to make a lasting impact in the lives of children and their families. As they continue to innovate and expand, the future looks bright for this pioneering mental health provider.
The funding round attracted a diverse group of investors, including NextView Ventures, nvp capital, 25madison, Arkitekt Ventures, VamosVentures, Hyde Park Angels, and Cornucopian Capital. Notably, two unnamed health plans also joined the round, underscoring the growing alignment between payers and Handspring’s clinically rigorous approach to mental health care.
Handspring is not just another player in the crowded mental health landscape. It stands out by addressing a critical gap: the shortage of qualified pediatric mental health providers. In a system often reliant on gig-based networks, Handspring has chosen a different path. The company employs a workforce of fully trained therapists, ensuring that each clinician is not only qualified but also deeply invested in the care they provide. This commitment to quality is reflected in their structured onboarding process, ongoing training, and weekly consultations that keep therapists at the top of their game.
The company’s therapeutic offerings are rooted in evidence-based practices. They utilize skills-based Cognitive Behavioral Therapy (CBT), Dialectical Behavior Therapy (DBT), exposure therapy, and parent coaching. These methods are designed to empower young patients and their families, fostering a collaborative environment where progress is tracked and celebrated. Handspring’s Complex Care program specifically targets high-risk youth who often fall through the cracks of traditional outpatient services. This approach not only prevents unnecessary referrals to emergency departments but also provides a lifeline to those who might otherwise be underserved.
The impact of Handspring’s model is already evident. Reports indicate that 96% of families experience improvements in their daily lives upon discharge. Furthermore, clinical outcomes show that 84% of patients treated for anxiety and 79% for depression achieve measurable improvements. These statistics are not just numbers; they represent lives transformed, families healed, and futures brightened.
With the new funding, Handspring plans to deepen its clinical programs for complex patient populations. This means expanding partnerships in value-based care, which aligns financial incentives with patient outcomes. Additionally, the company aims to enhance its proprietary technology platform. This includes the development of AI tools designed to automate operations and improve care outcomes. By leveraging technology, Handspring is not just keeping pace with the digital age; it is setting the standard for what virtual mental health care can and should be.
The leadership team at Handspring, led by CEO Sahil Choudhry and President Kwasi Kyei, is passionate about redefining mental health care for youth. They understand that while access to care is crucial, it must not come at the expense of quality. Their vision is clear: patients deserve more than just a therapist; they deserve a comprehensive, evidence-based treatment experience that fosters genuine therapeutic relationships.
As Handspring continues to grow, it is also mindful of the broader landscape of pediatric mental health care. The COVID-19 pandemic catalyzed a significant shift toward virtual telehealth services, and studies suggest this trend is here to stay. In fact, a substantial portion of U.S. children and adolescents now receive outpatient mental health care through video visits. This shift has opened doors but also highlighted the need for quality assurance in virtual care.
Handspring is not alone in this mission. Other organizations, such as Teladoc and Brightline, are also making strides in pediatric mental health services. However, Handspring’s commitment to a whole-family approach sets it apart. By actively involving parents in the therapeutic process, the company empowers families to support their children beyond therapy sessions. This holistic perspective is essential in fostering long-term well-being.
As the mental health crisis among youth continues to escalate, Handspring’s innovative model offers a promising solution. The recent funding will enable the company to expand its reach and enhance its services, ensuring that more families have access to the care they need. In a world where mental health is often stigmatized and overlooked, Handspring is shining a light on the importance of early intervention and comprehensive care.
In conclusion, Handspring’s $12 million Series A funding is not just a financial milestone; it is a testament to the growing recognition of the importance of mental health care for youth. With a commitment to quality, a focus on evidence-based practices, and a dedication to family involvement, Handspring is poised to make a lasting impact in the lives of children and their families. As they continue to innovate and expand, the future looks bright for this pioneering mental health provider.