# AbleTo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ableto

- Industry: Healthcare IT
- Headquarters: New York, US
- Website: www.ableto.com
- Total disclosed funding: $58M
- Latest round: Series D (Aug 23, 2017)
- Investors on record: 7

## About

AbleTo, Inc. is a US-based company that provides virtual behavioral health care solutions, focusing on personalized mental health programs designed to enhance well-being and support individuals in their mental health journeys.AbleTo, Inc. specializes in virtual behavioral health care, offering personalized mental health programs. Founded in 2008 and headquartered in New York, US, the company has raised a total of USD 9.838 mn, with its most recent funding round occurring on March 17, 2019, from Optum Ventures. Héctor Romero, the founder, has a notable history in the health sector, contributing to the company's strategic direction.AbleTo, Inc. specializes in providing high-quality virtual behavioral health care through a range of personalized mental health programs. The core offerings include 1-on-1 therapy sessions, coaching, and on-demand self-care resources, all designed to empower users with science-backed skills to improve their mental well-being. The company utilizes cognitive behavioral therapy as the foundation of its programs, which are tailored to meet individual needs and are accessible through a virtual platform. This service model targets a diverse client base, including individuals seeking mental health support, employers looking to enhance employee wellness, and health plans aiming to assist their members. AbleTo's services are available primarily in the United States, addressing the growing demand for convenient and effective mental health solutions across various demographics.AbleTo generates revenue through direct-to-consumer and B2B transactions, specifically catering to health plans and employers. The company structures its transactions around partnerships, where health plans and employers offer AbleTo's services as part of their mental health benefits. Clients may subscribe to these services, providing access to personalized therapy and coaching sessions at an agreed-upon rate. While specific pricing details are not disclosed, the company emphasizes the cost-effectiveness of its offerings, showcasing results such as reduced hospitalization rates and improved employee productivity. This revenue model reflects AbleTo's commitment to delivering accessible mental health care while fostering partnerships that enhance the well-being of users across its service platform.In March 2019, AbleTo, Inc. raised USD 9.84 mn in Series D funding from Optum Ventures. The company plans to utilize these funds to enhance its service offerings, focusing on expanding into additional markets throughout the United States and potentially exploring new geographic territories by the end of 2023. Future products being designed include advanced virtual therapy tools and expanded coaching services aimed at increasing accessibility and user engagement.

## Funding rounds

- Series D, Aug 23, 2017, $37M — Bain Capital, HLM Venture Partners, .406 Ventures, Sandbox Industries, Aetna, Inc., Horizon Healthcare Services, Inc.
- Series C, Jun 9, 2015, $12M — HLM Venture Partners, .406 Ventures, BlueCross BlueShield Venture Partners, Sandbox Industries
- Series B, Mar 18, 2014, $6M — .406 Ventures, BlueCross BlueShield Venture Partners, Sandbox Industries
- Series A, May 14, 2013, $3M — .406 Ventures

## Investors

- .406 Ventures (https://capitalatlas.ai/funds/406-ventures) — Series A, Series B, Series C, Series D
- BlueCross BlueShield Venture Partners (https://capitalatlas.ai/funds/bluecross-blueshield-venture-partners) — Series B, Series C
- Sandbox Industries (https://capitalatlas.ai/funds/sandbox-industries) — Series B, Series C, Series D
- HLM Venture Partners (https://capitalatlas.ai/funds/hlm-venture-partners) — Series C, Series D
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series D
- Aetna, Inc. — Series D
- Horizon Healthcare Services, Inc. — Series D