Company Overview
About Grow Therapy
Grow Therapy is the largest insurance-covered mental health provider marketplace in the US, connecting 26,000 therapists and psychiatrists with patients across 220 million covered lives. The company raised $150 million in Series D financing in March 2026 led by TCV and Goldman Sachs Alternatives after crossing $1 billion in annualized revenue — rare proof of genuine unit economics in behavioral health, which has historically struggled to achieve profitability at scale.
Business Model & Competitive Advantage
The platform delivered 7 million mental health visits in 2025, making it one of the highest-volume behavioral health providers in the country. Grow Therapy's in-network model solves the core access problem in mental health: most private-practice therapists don't accept insurance because reimbursement is low and billing is complex. Grow Therapy handles credentialing, billing, and administrative burden, enabling therapists to take insurance while keeping their practices viable.
Competitive Landscape 2025–2026
The 2026 round funds deeper integration with employer assistance programs (EAPs) and health system partnerships, including with Circle Medical. This positions Grow Therapy at the center of the emerging integrated behavioral health model — where mental health care is coordinated alongside primary care rather than treated as a separate benefit — which health systems and payers are actively building.
Open Positions
Reddit Discussions
Key Differentiators
Market Leader
Grow Therapy is recognized as a market leader in the Digital Health sector, demonstrating strong industry presence and customer trust.
Growth Stage
Grow Therapy has achieved $150M in revenue, demonstrating strong product-market fit.
Frequently Asked Questions
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