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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Oren and Roni Frank founded Talkspace in 2012. Courtesy of Talkspace
Talkspace is a behavioral healthcare company that is poised to go public.
Oren and Roni Frank founded the company in 2012, after experiencing the benefits of couples therapy.
The Franks spoke with Insider about the COVID-19 pandemic s impact on mental healthcare and the company s expansion.
Talkspace, the $1.4 billion company aiming to overhaul behavioral healthcare, was itself born out of a mental health crisis.
Oren and Roni Frank s marriage was on the verge of collapse around 2005, five years after they had married. Oren was a marketing and advertising executive who d worked a long stint at McCann Erickson. Roni was a software developer for Amdocs. But their professional success, their busy lives took a toll on their relationship.
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4 takeaways from Talkspace’s plans to go public in $1.4B blank-check deal
The digital therapy provider plans to go public through a blank-check acquisition by Hudson Executive Capital. The deal would value Talkspace at $1.4 billion and provide $250 million in capital.
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Digital therapy startup Talkspace plans to go public in a blank-check deal that would value the company at $1.4 billion. The company, founded in 2012 by husband-and-wife team Oren and Roni Frank, lets users text or video chat with therapists.
The company will go public through a merger with a subsidiary of Hudson Executive Capital, the firm founded by former J.P. Morgan CFO Doug Braunstein. It will be listed on Nasdaq under ‘TALK’.
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Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy.
The app industry is as hot as ever, with a record 218 billion downloads and $143 billion in global consumer spend in 2020.
Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of live TV per day, but now spends four hours per day on their mobile devices.