Mental Health Startup Headway Nabs $2.3 Billion Valuation

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.

Headway declined to comment.

Late last year, the startup said it had expanded its service to all 50 states and was working with more than 25 ...