Funding will accelerate Expressable's market leadership
and growing partnerships with leading health plan and provider
groups
AUSTIN, Texas, May 21, 2024 /PRNewswire/ -- Expressable, the
market leader in research-based, family-centered speech therapy
care, announced today it raised $26
million in Series B funding led by global investment firm
HarbourVest Partners, with participation from Digitalis Ventures
and existing investors F-Prime Capital and Lerer Hippeau.
The financing will support efforts to enhance the company's
technology-enabled care delivery platform, expand their clinical
network of W2-employed speech-language pathologists, and accelerate
a growing roster of health plan and provider partnerships across
the country.
"Speech therapy has transformational impacts on a child's
life, yet too many children today are left severely underserved
risking delayed outcomes and cost-intensive care," said President
and Chief Clinical Officer Leanne
Sherred, M.S. CCC-SLP. "We're grateful to HarbourVest and
all of our investors for sharing in our mission of reinventing the
current standard of care, a critical endeavor given speech
therapy's tremendous impact on healthy childhood
development."
Decades of research support family-centered care as the gold
standard in improving pediatric speech outcomes, yet millions of
children in the United States
remain untreated or undertreated. Children with speech and language
impairment suffer increased risk of learning disabilities,
behavioral disorders, poor academic achievement, and impacts on
socio-emotional health.
Expressable integrates virtual services with its comprehensive
education and technology platform, empowering caregivers to
incorporate therapy techniques into the home for faster positive
outcomes and more cost-effective care.
"We're thrilled to partner with Expressable as they continue
to scale their category-defining speech therapy solution for this
growing market need," said Michael
Guiness, Principal at HarbourVest. "Generating better
outcomes through their novel care model is a win-win for patients,
payers, and providers that aligns incentives and addresses
disparities in access."
Since 2020, Expressable has been leading the way in developing a
better care model that improves the patient experience, with over
90% of patients achieving clinical progress towards their
established care plans and thousands of 5-star reviews.
Expressable has partnered with hundreds of health plans
nationwide, including Medicaid, to make high-quality therapy more
accessible to everyone in need. Their therapy platform is now
available in all 50 states to millions of families and individuals
with timely, in-network coverage.
To learn more about Expressable and its offerings visit
www.expressable.com.
About Expressable
Expressable is a virtual speech therapy provider committed to
expanding access to quality services for everyone in need.
Expressable has pioneered a family-centered and research-based care
model that uses technology and education to integrate speech
therapy techniques into children's daily lives, improving outcomes
and experiences. For more information, please visit
www.expressable.com.
About HarbourVest
HarbourVest is an independent, global private markets firm with
over 40 years of experience and more than $125 billion of assets under management as of
December 31, 2023. Our interwoven
platform provides clients access to global primary funds, secondary
transactions, direct co-investments, real assets and
infrastructure, and private credit. Our strengths extend across
strategies, enabled by our team of more than 1,150 employees,
including more than 230 investment professionals across
Asia, Europe, and the Americas. Across our private
markets platform, our team has committed more than $59 billion to newly-formed funds, completed over
$53 billion in secondary purchases,
and invested over $39 billion in
direct operating companies. We partner strategically and plan our
offerings innovatively to provide our clients with access, insight,
and global opportunities.
About Digitalis
Digitalis Ventures backs founders solving critical problems in
health. The firm invests in early-stage companies across life
sciences, health technology & services, and animal health with
the goal of supporting them through multiple rounds of financing.
Digitalis is headquartered in New York
City.
Media Contacts
For Expressable
Spencer
Magloff
media@expressable.io
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SOURCE Expressable