What You Should Know:
– Two Chairs, a leading innovator in behavioral health, has announced the closing of a $72 million Series C funding round led by Amplo with participation from Fifth Down Capital 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 healthcare. They are recognized as a top employer for therapists, boasting over 500 licensed professionals with expertise in 90 areas.
– The new funding fuels the company’s ambitious mission of making exceptional mental healthcare more accessible and effective nationwide.
Matching Clients with the Perfect Therapist
Two Chairs takes therapist-client matching to the next level. Their proprietary 300-variable algorithm, combined with a “matching consult” led by a licensed clinician, ensures clients connect with the right therapist for their specific needs. This personalized approach is reflected in the impressive statistic: 97% of Two Chairs clients report a strong alliance with their therapist, setting the stage for successful treatment.
Data-Driven for Personalized Care
Two Chairs goes beyond matching. Their leading approach to measurement-based care leverages real-time data to track client progress and well-being. This data empowers therapists to personalize treatment plans, strengthen the therapeutic connection, and ultimately help clients achieve their goals faster.
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 both in-person and virtual therapy options across multiple locations in California, Washington, and Florida, with expansion into additional states planned within the next year.
Insurance Coverage and Future Partnerships
Two Chairs operates within an in-network model, partnering with major insurance providers 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. Further healthcare partnerships are expected to be finalized throughout 2024.
“Two Chairs epitomizes quality in behavioral health, taking an extraordinarily thoughtful approach, and you can see it in their outcomes data,” said Sheel Tyle, Founder & 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 do. We proudly invest in thriving companies where quality is a core advantage. Two Chairs has been growing quickly—in all the right ways and for all the right reasons.”
