Handspring Health Gets $19M Series B to Grow Care-Based Health Model

Handspring Health operates a virtual mental health clinic designed specifically for children, adolescents, young adults, and their families, with a care model centered on evidence-based treatment alongside continuous clinician training and professional support.

The company, founded four years ago, has secured $19 million in Series B financing to expand its clinical workforce, strengthen value-based care collaborations with health insurers, and extend its services into additional markets.

According to Handspring Chief Executive Officer and Co-founder Sahil Choudhry, the new funding will also be used to enhance the company’s technology platform, broaden its complex care programs, and support continued growth.

The Series B round was led by RPS Ventures, with participation from Angelini Ventures as a new investor. Existing backers, including Hyde Park Angels (HPA), nvp capital, Cobalt Ventures, NextView Ventures, Cornucopian Capital, and several other investors, also contributed. To date, Handspring has raised $37 million, including a $12 million Series A financing completed last year.

Handspring provides treatment for children and teenagers between the ages of eight and 17, as well as young adults aged 18 to 26. Its clinicians are trained to address a wide range of mental health conditions, including trauma, ADHD, obsessive-compulsive disorder (OCD), anxiety, depression, and other behavioral health challenges. The care model also places a strong emphasis on supporting parents, recognizing them as a vital part of the therapeutic process through ongoing guidance and behavioral parent training (BPT) sessions.

Both Choudhry and Co-founder Kwasi Kyei previously worked in healthcare and venture capital, including roles at Cigna Ventures.

Choudhry explained that the company observed an initial wave of mental health startups primarily focused on improving access to in-network therapists. However, they believed that access alone was not enough, identifying treatment quality as the larger challenge from the perspective of health insurers. He added that Handspring was built on the belief that many practicing clinicians, despite their dedication, receive limited in-depth training in evidence-based care, creating an opportunity to improve clinical outcomes through more comprehensive education.

To strengthen its clinical leadership, the company appointed Amy Kranzler as Chief Clinical Officer. She brought experience in developing cognitive behavioral therapy (CBT) and dialectical behavior therapy (DBT) training programs at Montefiore Health System.

Unlike many providers that rely on contracted therapists, Handspring employs its clinicians directly. The company’s approach begins by investing in its workforce through extensive in-house training in evidence-based treatment methods, including exposure therapy, DBT, and CBT.

Choudhry also pointed to research suggesting that a large proportion of practicing therapists do not consistently apply evidence-based care principles throughout their clinical sessions.

He said there is no universal certification or standardized requirement for clinicians to learn evidence-based therapies. He explained that although cognitive behavioral therapy has consistently demonstrated its effectiveness, it is not applied uniformly across the field. This disconnect became the foundation of Handspring’s strategy, with the company focusing on helping clinicians develop deep expertise in evidence-based care. He added that this approach has the potential to benefit all stakeholders by improving outcomes for families and giving clinicians opportunities to grow while reducing burnout.

Handspring Health has raised $19 million in Series B funding to expand its innovative care-based mental health model for children, adolescents, and families. The new investment will help Handspring Health scale its clinical services, strengthen technology infrastructure, and reach more communities in need of accessible behavioral healthcare. As demand for pediatric mental health services continues to grow, Handspring Health is positioning itself as a leading provider focused on delivering evidence-based care through a combination of virtual and family-centered treatment.

Handspring Health Secures New Investment

The latest funding round marks an important milestone for Handspring Health as the company continues expanding its nationwide presence. The $19 million investment will support hiring additional clinicians, enhancing digital care platforms, and improving operational capabilities

The Handspring Health $19 million Series B funding represents a significant step toward expanding access to high-quality pediatric mental healthcare. By investing in clinicians, technology, and family-centered treatment models, Handspring Health is strengthening its ability to serve more patients while helping address the growing mental health needs of children and adolescents.