What you should know:
– Two chairsa leading innovator in behavioral health, announced the closing of a $72 million Series C funding round led by Amplo with the participation of Fifth Capital Down and others, bringing Two Chairs' total capital raised to $103 million.
– Founded in 2017, Two Chairs is dedicated to creating a world where everyone has access to exceptional mental health care. They are recognized as a top employer for therapists, with more than 500 licensed professionals with expertise in 90 areas.
– New funding fuels the company's ambitious mission to make exceptional mental health care more accessible and effective nationwide.
Match clients with the ideal therapist
Two Chairs takes therapist-client fit to the next level. Their proprietary 300-variable algorithm, combined with a “matching consultation” led by a licensed clinician, ensures clients connect with the right therapist for their specific needs. This personalized approach is reflected in impressive statistics: 97% of Two Chairs clients report a strong alliance with their therapist, paving the way for successful treatment.
Data-driven for personalized care
Two chairs go beyond matching. Their cutting-edge approach to measurement-based care leverages real-time data to track clients' progress and well-being. This data allows therapists to personalize treatment plans, strengthen the therapeutic bond, and ultimately help clients achieve their goals more quickly.
Investing in therapists: a key differentiator
Recognizing the importance of well-supported and satisfied therapists, Two Chairs prioritizes a differentiated full-time clinician experience. They offer a hybrid care model with in-person and virtual therapy options at multiple locations in California, Washington, and Florida, with expansion to other states planned over the next year.
Insurance coverage and future partnerships
Two Chairs operates under a network model, partnering with major insurers like Aetna nationally and Kaiser Permanente in Washington and Northern California. This allows patients to access high-quality therapy with just a copay or coinsurance. Other health partnerships are expected to be finalized throughout 2024.
“Two Chairs embodies quality in behavioral health, taking an extraordinarily thoughtful approach, and you can see it in their outcomes data,” said Heel style, founder and CEO of Amplo. “Industry-wide, only about a third of patients progress to their fourth therapy session, whereas for Two Chairs, 90% of their patients make it. We proudly invest in successful businesses where quality is a key advantage. Two Chairs has been growing rapidly, in all the right ways and for all the right reasons.