Angelini Ventures, the corporate venture firm of Angelini Industries focused on investing in companies developing innovative solutions in BioTech and HealthTech, is participating in Handspring Health’s US$19 million Series B financing round. Handspring is a US-based virtual mental health provider delivering care to children, adolescents, young adults and their families. The round was led by RPS Ventures, with participation from Angelini Ventures.
The financing will enable Handspring to expand its clinician workforce in the US, strengthen its clinical development infrastructure, deepen its Complex Care programme, expand geographic coverage and further enhance its proprietary software-enabled care platform.
Handspring has developed a differentiated model of paediatric mental health care centred on clinical quality and measurable outcomes. While many virtual mental health providers have prioritised access, Handspring has built on that foundation with a clinician-first approach designed to deliver evidence-based care across the full spectrum of patient acuity. Its therapist model, differentiated payer relationships and proprietary technology platform enable scalable delivery without compromising clinical quality.
The company has treated more than 4,000 families in the US, achieved more than 10-fold revenue growth over the past two years, expanded operations across nine US states and established partnerships with leading healthcare payers. By combining rigorous clinician training, family-centred care and an integrated digital platform, Handspring is enabling high-quality and cost-effective care for patients and their families.
Sahil Choudhry, CEO and Co-founder of Handspring, said: “Good therapy depends on the therapist, so we built the company around supporting ours, with training, supervision and regular clinical consultation, instead of just matching families to whoever is available. That’s what lets us care for a child whether their needs are mild or severe. This round lets us bring that model to many more families.”
“Pediatric mental health represents one of the largest unmet needs in healthcare today, and we believe that the seasoned management team is well positioned to reimagine mental health for the next generation,” said Angelini Ventures’ Sarah Fox, who will join the board as an observer. “Handspring has taken a differentiated approach through its innovative therapist model, broad payer contracts, family-centred care and AI-enabled proprietary technology, to enable this care nationwide. We are excited to support the team as they continue to expand access to evidence-based care and improve outcomes for children and families.”
The financing round also includes existing investors Cobalt Ventures, NextView Ventures, nvp capital, Hyde Park Angels (HPA), Cornucopian Capital and others.
