Virtual speech therapy platform Expressable secures $26M – Mobihealth News

Digital speech remedy supplier Expressable introduced it secured $26 million in Sequence B funding.

HarbourVest Companions led the spherical with participation from Digitalis Ventures and present buyers F-Prime Capital and Lerer Hippeau.

WHAT IT DOES

The Texas-based firm gives digital care periods for sufferers and households to attach with a licensed and licensed speech therapist based mostly on their wants. The platform additionally offers safe therapist texting companies, schooling movies and weekly homework. 

Adults and youngsters can obtain care from the platform. The service caters to a number of situations, together with language problems, speech delays, aphasia, stuttering, autism spectrum dysfunction and different situations. 

The corporate will use the funding to broaden its community of therapists, improve its platform and broaden its supplier and well being plan partnerships. 

“We’re thrilled to accomplice with Expressable as they proceed to scale their category-defining speech remedy answer for this rising market want,” Michael Guiness, principal at HarbourVest, stated in an announcement. “Producing higher outcomes by means of their novel care mannequin is a win-win for sufferers, payers, and suppliers that aligns incentives and addresses disparities in entry.”

MARKET SNAPSHOT

Expressable raised $15 million in Sequence A funding in 2022.   

Different speech remedy firms embrace the digital remedy platform Nice Speech, speech recognition know-how firm Voiceitt, and tech giants Amazon, Microsoft, Meta, Apple, and Google. 

In 2022, the 5 tech firms, alongside nonprofit companions, introduced a collaboration with the College of Illinois Urbana-Champaign to broaden speech capabilities for these with disabilities by way of the Speech Accessibility Undertaking.

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