HPA Invests in Handspring’s $12M Series A, Expanding High Quality Mental Health Care for Kids
HPA is excited to announce its participation in Handspring’s $12 million Series A led by Cobalt Ventures with support from NextView Ventures, NVP Capital, 25Madison, Arkitekt Ventures, Cornucopian Capital, two regional health plans, and others. This investment joins other HPA portfolio companies NOCD and Array Behavioral Health that are focused on increasing access to high quality behavioral healthcare.
Handspring is transforming mental healthcare for today’s youth, offering high-quality, evidence-based virtual therapy for children, adolescents, young adults, and their families. Faced with a national shortage of pediatric providers, Handspring has built a fully employed and expertly trained team of therapists. Their model includes Cognitive Behavioral Therapy (CBT), Dialectical Behavior Therapy (DBT), exposure therapy, parent coaching, and a unique Complex Care program designed for high-risk youth who often fall through the cracks in traditional care models.
The early outcomes show the power of their model. 96 percent of families report meaningful improvements in daily life and over 80 percent of patients in treatment for anxiety or depression experience measurable clinical improvement. The company holds a Net Promoter Score of 82, a strong indicator of satisfaction and trust.
Handspring’s proprietary technology platform supports this high standard of care. It includes AI-powered clinical tools, patient and provider portals, and a therapist matching engine that ensures a strong clinical fit from day one. These innovations improve outcomes, streamline operations, and create a more seamless experience for families and clinicians alike.
“While we’ve made strides in expanding access to care, we’ve simultaneously allowed quality standards to erode. Patients deserve more than just an available therapist – they deserve
evidence-based treatment, genuine therapeutic relationships, and measurable progress toward recovery,” said Sahil Choudhry, CEO and co-founder of Handspring. “This funding is so important because it helps us continue to build a system that truly cares about the long-term well-being of every child and family we serve.”
The company will use this funding to deepen its clinical offerings for complex patient populations, expand value-based care partnerships, and further develop its technology. Investments in AI tools and operational automation will enhance both quality of care and efficiency.
HPA Deal Lead Mindy Heintskill will contribute her expertise in digital health. Mindy is an Executive in Residence at MATTER, a Chicago-based healthcare collaborative and incubator. Before MATTER, Mindy served as the Chief Growth Officer at MDLIVE before its acquisition by Cigna and the CMO of SonerMind, a behavioral health leader.
We congratulate the Handspring team on this milestone and look forward to supporting their continued growth!
Read more about it here: Press Release