AbleTo

Virtual behavioral health services and support

New York City, New York, United States

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About AbleTo

AbleTo provides virtual behavioral health services that allow clients to receive care from home. The company offers tech-enabled solutions in the mental health market, serving health plans, employers, and individuals. Their approach combines digital emotional health programs with one-on-one support from licensed therapists and coaches, typically delivered through 8-week programs that are personalized to each client's needs. AbleTo's services are evidence-based, ensuring effectiveness through scientific research. The company generates revenue by partnering with health plans and employers, who integrate AbleTo's services to enhance mental health care and employee well-being. Continuous training and clinical oversight for therapists ensure high-quality care, with research showing positive outcomes for clients after completing the programs. AbleTo's goal is to make mental health care accessible and effective through personalized virtual solutions.

New York City, New YorkHeadquarters
2008Year Founded
$59.9MTotal Funding
LATE_VCCompany Stage
Consumer Software, HealthcareIndustries
501-1,000Employees

Benefits

Progressive parental leave - A most modern benefit so both new mothers and fathers can bond as a family.
Fully-funded HRA - You and your family’s health are important to us, so we fund a generous HRA that fully covers most deductibles.
Creative lifestyle benefits - Enjoy discounts on entertainment and travel, as well as complimentary fitness classes and spa treatments for you and your family.
Generous time off - We encourage individual holiday traditions and work-life balance, so in addition to corporate holidays and paid time off (PTO), we offer two floating holidays and three mental health days.
Telecommuting and flexible working arrangements - Whether full-time, part-time, or once in a while, we trust you to work from the comfort of your own home. Or on your patio. That works for us too.
Immediate 401(k) matching - We won’t wait a year or two to invest in your future— participate in 100% vesting from day 1.

Risks

Emerging mental health platforms increase competition for AbleTo.
UnitedHealth Group acquisition may impact AbleTo's operational autonomy.
Dependency on Sun Life partnership poses revenue risk if partnership changes.

Differentiation

AbleTo offers personalized, evidence-based virtual therapy programs with licensed therapists.
The company integrates AI to enhance therapy personalization and effectiveness.
AbleTo partners with health plans and employers to provide accessible mental health care.

Upsides

Increased demand for virtual mental health services boosts AbleTo's market reach.
AI integration enhances the effectiveness of AbleTo's evidence-based programs.
Expansion of mental health parity laws increases insurance coverage for AbleTo's services.

Funding

Total raised$59.92 M
Latest valuation$42.50 M
StageLATE_VC
LATE VC
5/31/2018
$8
$42.50 M
SERIES D
7/31/2017
$37
$183.00 M
SERIES C
2/28/2017
$3
$15.00 M
EARLY VC
4/30/2013
$2
$7.50 M