Talkspace is a virtual behavioral healthcare company that connects people with licensed therapists and psychiatrists through web and mobile apps, offering therapy, psychiatry and medication management to consumers, employers, health plans and teens. Founded in 2012 by Oren and Roni Frank in New York City, it listed on Nasdaq (TALK) in June 2021 through a merger with the SPAC Hudson Executive Investment Corp. Universal Health Services (NYSE: UHS) acquired Talkspace for $5.25 per share in cash, about $835 million in enterprise value, completing the deal on August 17, 2026; Talkspace now operates as a wholly owned UHS subsidiary.
Talkspace has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2012
Employees
600–700
Total Funding
$359M
7 rounds
Latest Valuation
$1.4B
Jun 23, 2021
Universal Health Services completed its $835M acquisition of Talkspace; Talkspace now operates as a UHS subsidiary.
Acquired; stockholder liquidity at deal price, no further secondary market expected.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $359M across 7 rounds
Last updated 10-11-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Jun 23, 2021 | SPAC reverse merger | $250M | $1.4B | Hudson Executive Investment Corp |
| May 29, 2019 | Series D TechCrunch | $50M | — | Revolution Growth |
| Sep 6, 2017 | Series C Press release | $31M | — | Qumra Capital |
Jon R. Cohen, M.D.
Chief Executive Officer
Ian Harris
Chief Financial Officer
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.
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