Two Chairs Raises $72M in Series C Funding to Expand Behavioral Health Services and Technology

Two Chairs' Series C Funding

Key Highlights:

• Series C Funding: Two Chairs, a behavioral health company, closed a $72 million Series C equity and debt financing.
• Investors: Led by Amplo, with participation from Fifth Down Capital and other investors. Debt financing provided by Bridge Bank.
• Capital Raised: Total capital raised now amounts to $103 million.
• Expansion and Growth: Funding will be used to expand the company's reach, invest in technology, and accelerate growth.

Two Chairs' Target Market

• Target Market: Individuals seeking behavioral health services, including therapy and counseling.
• Geographic Focus: Currently operating in California, Washington state, and Florida, with plans to expand into additional states in the next 12 months.
• Healthcare Partnerships: Collaborating with healthcare providers and insurers, such as Aetna and Kaiser Permanente, to offer in-network services.

What Two Chairs Needs to Buy

• Technology Investments: Further investments in technology to enhance their measurement-based care system and improve patient outcomes.
• Expansion into New Markets: Resources and partnerships to support expansion into additional states and cities.
• Strategic Healthcare Partnerships: Collaborations with healthcare providers and insurers to expand their in-network coverage and reach more patients.