Handspring Raises $19M Series B to Bring High-Quality Mental Health Care to Children and Families Nationwide

On July 8, 2026, Handspring, a virtual mental health clinic specializing in evidence-based care for youth and their families, announced the successful closing of a $19 million Series B financing round. The round was led by RPS Ventures and included participation from new investor Angelini Ventures, along with returning investors such as Cobalt Ventures, NextView Ventures, nvp capital, Hyde Park Angels (HPA), and Cornucopian Capital. This latest funding round brings Handspring's total capital raised to $37 million, which will be utilized to support nationwide expansion and enhance its clinician development model.

Founded with a mission to provide high-quality mental health care, Handspring has demonstrated significant growth, treating over 4,000 families and achieving a remarkable 10x increase in revenue over the past two years. The company’s innovative care model emphasizes investing in clinicians, ensuring that therapists are employed rather than contracted. This approach allows for comprehensive training in evidence-based modalities such as Cognitive Behavioral Therapy (CBT) and Dialectical Behavior Therapy (DBT), which are essential for delivering effective mental health services. Handspring's commitment to clinician development is reflected in its high satisfaction rates, with 93% of families reporting improvements in daily life upon discharge.

The Series B financing will enable Handspring to expand its geographic reach and enhance its Complex Care program, which addresses the needs of high-risk youth who are often underserved by traditional outpatient services. By matching families to the appropriate level of care—rather than the most intensive or expensive options—Handspring aims to provide tailored support that meets the unique needs of each patient. This model not only improves patient outcomes but also reduces unnecessary referrals to higher levels of care, such as emergency departments.

In addition to its clinician-focused approach, Handspring leverages a fully integrated, AI-enabled technology platform that enhances the patient and provider experience. The platform includes custom-built patient and provider portals, proprietary telehealth solutions, and an AI-powered therapist matching engine, which streamlines the process of connecting families with the right therapist from the outset. This technological infrastructure is crucial for scaling operations while maintaining the quality of care that has garnered a Net Promoter Score (NPS) of 81, indicating high levels of patient satisfaction.

The successful fundraising round underscores a growing recognition of the importance of mental health services, particularly in the wake of increased demand driven by societal changes and the ongoing challenges faced by youth and families. As Handspring continues to expand its footprint across nine states and deepen its value-based care partnerships, the implications for the mental health sector are significant. The investment in clinician development and innovative technology positions Handspring as a leader in the virtual mental health space, paving the way for a more accessible and effective care model for future generations.