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§ Private Profile · New York City, NY, USA
Digital behavioral health company providing virtual therapy and coaching for health plans and employers, focused on evidence-based CBT.
AbleTo is a New York City-based digital behavioral health company that provides virtual cognitive behavioral therapy and coaching services to address depression, anxiety, and the emotional impact of chronic medical conditions. Operating through a B2B2C model, the platform connects patients with a network of more than 2,000 licensed providers and has delivered nearly 2 million patient sessions. The organization contracts with major health insurance plans and self-insured employers, including Aetna and Blue Cross Blue Shield, to offer its services as a covered benefit. Prior to its 2020 acquisition by Optum for an estimated $470 million, the company raised over $100 million in venture funding from investors such as Bain Capital Ventures and .406 Ventures. The enterprise currently maintains an estimated workforce of between 623 and 1,119 employees. AbleTo was founded in 2008 by Michael Laskoff and Peter Shalek.
AbleTo has raised $37.0M across 1 funding round.
AbleTo has raised $37.0M in total across 1 funding round.
AbleTo is a technology-enabled behavioral health care company that delivers virtual mental health services, connecting individuals with licensed therapists and coaches through a secure digital platform. It primarily serves people experiencing mental health conditions such as depression, anxiety, and stress, often linked to medical events or life changes. AbleTo’s structured therapy programs, rooted in cognitive behavioral therapy, are designed to be accessible nationwide in the U.S., offering personalized, evidence-based care that improves both behavioral and physical health outcomes while reducing overall medical costs. Since its acquisition by Optum (a UnitedHealth Group subsidiary) in 2020, AbleTo has expanded its reach and integrated its platform into a broader healthcare ecosystem, serving employers, health plans, and healthcare providers[1][2][3][7].
Founded in 2008 and headquartered in New York City, AbleTo was created to address the critical challenge of making effective, cost-efficient behavioral health treatment accessible regardless of location. The founder’s personal experience with mental health care inspired the company’s mission to simplify access to quality therapy and coaching. Early on, AbleTo focused on combining patient engagement with behavior change programs delivered virtually, pioneering tele-behavioral health care before it became widespread. The company gained early traction by partnering with insurers like Aetna and developing a nationwide network of over 1,800 providers. A pivotal moment was its acquisition by Optum in 2020 for approximately $470 million, marking a significant milestone in scaling virtual behavioral health services[1][3][5][6].
AbleTo rides the growing trend of digital and virtual health care, particularly tele-behavioral health, which has accelerated due to increased demand for accessible mental health services and advances in telecommunication technologies. The timing is critical as mental health awareness rises and healthcare systems seek cost-effective, scalable solutions to behavioral health challenges. Market forces such as insurer partnerships, employer demand for employee mental wellness, and regulatory support for telehealth favor AbleTo’s model. By integrating behavioral health with physical health care, AbleTo influences the broader ecosystem by setting a standard for virtual care delivery, improving health outcomes, and reducing costs, thereby shaping how mental health services are accessed and reimbursed in the U.S.[1][5][7].
Looking ahead, AbleTo is poised to deepen its integration within the UnitedHealth Group ecosystem, expanding its service offerings and leveraging data-driven personalization to enhance patient outcomes further. Trends such as increased employer investment in mental health benefits, broader insurance coverage for tele-behavioral health, and advances in AI-driven care personalization will likely shape its growth trajectory. AbleTo’s influence may evolve from a virtual care provider to a comprehensive behavioral health platform embedded in holistic healthcare delivery, continuing to break down barriers to mental health access and setting new standards for quality and impact in digital health care. This trajectory ties back to its founding mission of making effective behavioral health care easy to access and highly impactful[1][3][5][7].
AbleTo has raised $37.0M in total across 1 funding round.
AbleTo's investors include Aetna Ventures, Yumin Choi, .406 Ventures, HLM Venture Partners, Horizon Healthcare Services, Sandbox Industries.
AbleTo has raised $37.0M across 1 funding round. Most recently, it raised $37.0M Series D in August 2017.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2017 | $37M Series D | Aetna Ventures, Yumin Choi | .406 Ventures, HLM Venture Partners, Horizon Healthcare Services, Sandbox Industries | Announced |