PresenceLearning, a leading provider of teletherapy and software for special education and mental health providers in K-12 schools, recently completed two transactions that will significantly propel the company’s growth and help build the next generation of technology for therapists to expand student services.
The company acquired Global Teletherapy, the leading teletherapy service provider to virtual K-12 schools, and has signed a definitive agreement for Spectrum Equity, a leading growth equity firm, and The Rise Fund, TPG’s multi-sector global impact investing strategy, to acquire a majority stake in the company. Bain Capital Double Impact and Catalyst Investors will retain minority stakes and Bain will continue to have representation on the company’s Board of Directors. Terms of the transactions were not disclosed.
The investment comes at a time when teletherapy has emerged as a critical solution for ensuring students get access to therapy services they need and receive consistent, high-quality care. In addition, clinicians are demanding remote work alternatives and software solutions to make their work both more impactful and sustainable. Together with this new team of investors, PresenceLearning will invest heavily in its next phase of growth.
I had the chance to talk to Kate about the state of play in special education and what she anticipates to contribute during her session at ASU/GSV. Have a listen.
Teletherapy's Next Great Challenge