# Groop Internet Platform

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/groop-internet-platform

- Industry: Healthcare Specialists
- Headquarters: New York, US
- Website: www.talkspace.com
- Total disclosed funding: $102M
- Latest round: Series D (May 29, 2019)
- Investors on record: 12

## About

Based in New York, US, and founded in 2011 Groop Internet Platform Inc. also known as Talkspace develops an online platform for individuals seeking mental assistance around the US. The company expands its business with its acquisition of Lasting that took place in November 2020.In March 2026, Universal Health Services agreed to acquire Groop Internet Platform Inc. from Woodline Partners, Jennison Associates, Federated Hermes, Deerfield Capital Management, La Maison Partners, Revolution Ventures, Firstime, Qumra Capital, thetime, Norwest Venture Partners, Spark Capital, Softbank Capital, Compound Ventures, Group 11, and Softbank Group for approximately USD 835 million.

The company is comprised of licensed therapists that offer confidential psychological therapy for their clients. It offers an online therapy platform for its client attending with their mental health needs and concerns which includes depression, anxiety, relationships, trauma, anger, sleep, and chronic illness. The user just has to answer assessment questions to select the therapist suitable for their needs. The company's revenues are generated by the online visit and availing the services offered by the company to its clients such as 24/7 access to therapists and plans that meet the client's needs and lifestyles.The March 2026 acquisition enables Universal Health Services to expand access to behavioral healthcare by integrating Groop Internet Platform Inc.’s virtual platform into its outpatient and telehealth strategy to deliver a comprehensive, technology-enabled continuum of care.

## Funding rounds

- Series D, May 29, 2019, $40M — Norwest Venture Partners, Spark Capital, Compound Ventures, Revolution Ventures, Qumra Capital, La Maison Partners
- Series C, Sep 6, 2017, $31M — Norwest Venture Partners, Softbank Capital, Spark Capital, Compound Ventures, Qumra Capital, Firstime
- Series B, May 31, 2016, $15M — Norwest Venture Partners, Softbank Capital, Spark Capital, Compound Ventures, thetime
- Series A, May 12, 2015, $9.5M — Softbank Capital, Spark Capital
- Series A, Apr 30, 2015, $2.5M — Softbank Capital, Compound Ventures, Spark Capital Advisors (India) Private Limited
- Seed, Nov 3, 2014, $1M — Compound Ventures
- Seed, Feb 27, 2014, $2.3M — Spark Capital, SoftBank Group, Group 11

## Investors

- Spark Capital — Seed, Series A, Series B, Series C, Series D
- SoftBank Group — Seed
- Group 11 (https://capitalatlas.ai/funds/group-11) — Seed
- Compound Ventures (https://capitalatlas.ai/funds/compound-ventures) — Seed, Series A, Series B, Series C, Series D
- Softbank Capital (https://capitalatlas.ai/funds/softbank-capital) — Series A, Series B, Series C
- Spark Capital Advisors (India) Private Limited — Series A
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series B, Series C, Series D
- thetime (https://capitalatlas.ai/funds/thetime) — Series B
- Qumra Capital (https://capitalatlas.ai/funds/qumra-capital) — Series C, Series D
- Firstime (https://capitalatlas.ai/funds/firstime) — Series C
- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Series D
- La Maison Partners (https://capitalatlas.ai/funds/la-maison-partners) — Series D