Two Chairs was founded in 2017 by Alex Katz to deliver high-quality therapy using a proprietary matching algorithm. The company originally operated roughly half a dozen stylish clinics in the San Francisco Bay Area and now maintains at least one brick-and-mortar site in each of the three states it serves: California, Washington and Florida. Since COVID-19 it shifted to a remote-first model; the majority of its more than 500 therapists now treat clients virtually. Two Chairs primarily employs its clinicians (rather than contracting them), trains them on measurement-based care, and positions that as a quality differentiator. Revenue has expanded eightfold over the last three years, though the company says demand still outstrips its capacity. It plans to use new capital to hire more therapists, expand into new states, and improve its technology. Two Chairs operates in-person psychotherapy clinics across the Bay Area, offering primarily individual psychotherapy. The company currently runs clinics in downtown San Francisco, Oakland, and San Jose and has served over two thousand clients. Led by CEO and founder Alex Katz, Two Chairs emphasizes an in-house technology system that powers its clinical operations. The company plans to deepen investment in that technology, accelerate clinic growth, and continue building its team. Clinical offerings may expand to include a group therapy program and other new clinical programs informed by the clinical team's research and experience. Two Chairs combines brick-and-mortar therapy clinics with a tech-driven client-therapist matching app to pair clients with therapists and create customized treatment plans. The company currently operates four clinics in the Bay Area designed for modern young professionals and also offers video visits. Two Chairs employs about 30 therapists and serves a customer base of several thousand. Sessions are priced at about $180 per hour, comparable to Bay Area private practices. The app surveys clients on history, preferences and goals and uses a data library to match clients, with the company reporting a 95% accurate match rate. Two Chairs plans to expand by opening additional clinics and further building out its matching technology.

Total raised

$100M

Funding rounds

4

Latest round

Series C

Latest activity

Apr 2024