Talkspace is a virtual behavioral healthcare company that connects users with licensed therapists and psychiatrists through web and mobile platforms, offering therapy, psychiatry, and medication management to consumers, employers (via EAP/B2B partnerships), health plans, and teens. Founded in 2012 by Oren and Roni Frank in New York City, the company went public via a SPAC merger with Hudson Executive Investment Corp. on Nasdaq under ticker TALK in June 2021. As of 2026, Talkspace operates a network of approximately 6,000 licensed clinicians serving all 50 US states. In March 2026, Talkspace agreed to be acquired by Universal Health Services (NYSE: UHS) for $5.25 per share, an enterprise value of approximately $835 million, with closing expected in Q3 2026.
Talkspace is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2012
Employees
600–700
Total Funding
$346M
5 rounds
Latest Valuation
$1.4B
June 23, 2021
Total raised $346M across 5 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
SPAC reverse merger
Date
June 23, 2021
Amount
$250M
Valuation
$1.4B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| June 23, 2021 | SPAC reverse merger | $250M | $1.4B | Hudson Executive Investment Corp |
| August 2019 | Series D | $50M | — | Not disclosed |
| September 2017 | Series C | $31M | — | Qumra Capital |
Competitor list is illustrative and may be incomplete, stale, or erroneous.
BetterHelp
Direct-to-consumer online therapy platform owned by Teladoc Health; the largest online therapy marketplace globally.
Cerebral
Online mental health platform offering therapy and psychiatry / medication management for adults.
Lyra Health
B2B mental health benefits platform for employers, providing therapy, coaching, and medication management.
Headspace
Mental wellness platform combining mindfulness/meditation content with therapy and coaching services (formerly Headspace Health / Ginger).
Brightline
Virtual behavioral health platform focused specifically on children, teens, and families.
Amwell
Public telehealth platform (NYSE: AMWL) offering virtual care including behavioral health.
Talkspace went public on June 23, 2021 via a SPAC merger with Hudson Executive Investment Corp., trading on Nasdaq under ticker TALK at a pro forma enterprise value of approximately $1.4 billion. On March 9, 2026, Talkspace announced a definitive agreement to be acquired by Universal Health Services (NYSE: UHS) for $5.25 per share, representing an enterprise value of approximately $835 million. The transaction was unanimously approved by both boards and is expected to close in Q3 2026, subject to stockholder and regulatory approvals. Once closed, TALK will be delisted from Nasdaq.
Talkspace shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Talkspace had a valuation of approximately $1.4B at the time of its public offering. Current market capitalization fluctuates with the share price.
Talkspace raised $346M across 5 disclosed funding rounds prior to its public listing.
Talkspace was founded by Roni Frank in 2012.
Talkspace is headquartered in New York, NY, USA.
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