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Heard Technologies is a technology company.
Heard Technologies provides a financial operations platform for mental health professionals in private practice. The core product unifies bookkeeping, tax preparation, and payroll management into one software solution. This system streamlines administrative tasks, enabling practitioners to efficiently manage finances and focus on client care.
Andrew Riesen and Victoria Li co-founded Heard Technologies in 2019. Their insight stemmed from the considerable financial and administrative burdens therapists faced running private practices. This led them to develop a specialized solution simplifying complex accounting and compliance, empowering mental health professionals.
The platform serves therapists and wellness practitioners in private practice. Heard Technologies aims to liberate these professionals from financial administration, allowing greater dedication to patient care. The company envisions becoming the indispensable financial back office for health and wellness providers, fostering stable, well-managed practices.
Heard Technologies has raised $26.0M across 3 funding rounds.
Heard Technologies has raised $26.0M in total across 3 funding rounds.
Heard Technologies has raised $26.0M in total across 3 funding rounds.
Heard Technologies's investors include Headline, Act One Ventures, Footwork, GGV Capital, Heron Rock, Blu Venture Investors, CapitalX, CRV, Exponent Founders Capital, Moonfire Ventures, SNR, Solana Ventures.
Heard Technologies, Inc. is a Seattle-based fintech company that develops an all-in-one financial management platform tailored for independent therapists and wellness practitioners, combining software with human support for bookkeeping, tax preparation, payroll, and business entity formation.[1][2][3][5] It serves solo practitioners and group practices, solving the common pain point of therapists lacking financial training by automating patchwork systems like spreadsheets and expensive accountants, allowing them to focus on clients.[2][5] With $26.3M raised across funding rounds up to Series A-II (latest $15M about two years ago), the company reports $13.9M in revenue and employs around 66 people, showing steady growth momentum through product scaling, banking integrations, and positive user testimonials on ease and support.[3][4][5]
Heard was founded in 2019 by Andrew, an accountant married to a therapist, and Victoria Li, a software engineer at a mental health startup, after recognizing the financial struggles of therapists transitioning to private practice without proper tools or training.[2][3] Headquartered in Seattle at 500 Yale Avenue North (with another address listed as 113 Cherry St), the duo launched the first financial software specifically for this niche, driven by a personal mission to empower wellness practitioners.[2][3] Early traction included rapid growth, with key milestones like a $10M investment, another $15M round for expansion, and Victoria Li's recognition on Forbes 30 Under 30, alongside surveys highlighting therapist rate increases amid demand.[2][3]
Heard rides the booming mental health and wellness economy, where demand for therapy has surged post-pandemic, yet practitioners face administrative burdens that deter private practice scalability.[2] Timing aligns with fintech democratization—tailored tools for underserved niches like health pros—fueled by market forces such as rising therapist rates (per Heard's 2023 survey) and integrations with banking/retirement partners.[2][3] It influences the ecosystem by powering independent practices, reducing reliance on big healthcare systems, and enabling wealth-building for solos/groups, much like vertical SaaS successes in other pro services.[3][5]
Heard is poised to deepen automation and partnerships, leveraging its $15M for scaling amid therapist shortages and wellness market expansion.[3] Trends like AI-driven admin (e.g., revenue cycle tools from peers) and S corp optimizations will shape growth, potentially evolving Heard into a full practice management hub.[3] As fintech for pros matures, its niche focus and mission-driven team position it to amplify impact, empowering more therapists to thrive—echoing its origin as a heartfelt fix for overlooked financial chaos.[2]
Heard Technologies has raised $26.0M across 3 funding rounds. Most recently, it raised $15.0M Series A Extension in June 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 22, 2023 | $15.0M Series A Extension | Headline | Act One Ventures, Footwork, GGV Capital, Heron Rock |
| May 1, 2022 | $10.0M Series A | Blu Venture Investors, CapitalX, CRV, Exponent Founders Capital, Moonfire Ventures, SNR, Solana Ventures, SRB Ventures, Union Square Ventures, Augusto Marietti, Balaji Srinivasan, Cat Lee, D’Arcy Coolican, David Kalt, Dylan Field, Gerhard Eschelbeck, Lisa Cuesta, Nico Waisman, Nikhil Dixit, Shivaas Gulati, Tom Williams, William Hockey, Zack Kanter | |
| Mar 1, 2021 | $1.0M Seed | Founders' Co-op, Union Square Ventures |