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Handspring raises $19M in Series B funding led by RPS Ventures to expand its mental health services and technology platform.

PRIVATEJul 08, 2026•about 1 month ago

Amount Raised

$19 Million

Round Type

Series B

New YorkHealth Care

Investors

Cornucopian CapitalHyde Park Angels (Hpa)Nvp CapitalNext View VenturesCobalt VenturesAngelini VenturesRps Ventures

Description

Handspring, a NYC-based virtual mental health clinic, raised $19M in Series B funding. The round was led by RPS Ventures with participation from Angelini Ventures and others. The funds will help scale its clinician workforce and enhance its clinical development model. Handspring aims to improve mental health care for youth, young adults, and their families.

Company Information

Company

Handspring

Location

New York, New York, United States

About

Handspring is a NYC-based mental health provider focused on youth, young adults, and their families through high-quality virtual therapy. Led by Sahil Choudhry, CEO, and Kwasi Kyei, President and co-founder, the company utilizes evidence-based methods and a fully integrated technology platform. It offers structured approaches to treat various mental health issues, including anxiety, depression, OCD, ADHD, and trauma. Handspring aims to support high-risk youth who are often underserved and provides services that prevent unnecessary referrals to higher levels of care.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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