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Power Law company profile

PresenceLearning

Edtech · New York City, United States · Founded 2009

PresenceLearning operates as a specialized provider of teletherapy and software solutions tailored for the K-12 education sector, addressing the critical need for special education and mental health services. Founded in 2009 by Clay Whitehead and Jack Lynch, the company was born from Whitehead's personal experiences with learning disabilities as a child. This background fueled the mission to leverage technology to overcome barriers to clinical care for students. The company's business model is centered on contracting with K-12 school districts across the United States. It generates revenue by providing these institutions with access to its extensive network of over 2,000 licensed clinicians and its proprietary software platform through partnership agreements and subscriptions. The core of PresenceLearning's offering is its proprietary platform, which facilitates live, online therapy sessions, psychoeducational assessments, and mental health counseling. This platform connects schools with a network of speech-language pathologists, occupational therapists, and behavioral and mental health professionals, enabling them to deliver services directly to students via secure video sessions. Key features of the platform, built by clinicians, include tools for scheduling, documentation, and a library of curated therapeutic games and activities designed to enhance student engagement. This approach is designed to solve the widespread issue of clinician shortages in schools, ensuring students with Individualized Education Plans (IEPs) receive consistent and high-quality care regardless of their geographical location. Significant milestones in the company's history include substantial funding rounds, such as a $27 million Series D in May 2020 and a major Series E round of $350 million in November 2021. A pivotal moment occurred in December 2021, when Spectrum Equity and TPG's The Rise Fund acquired a majority stake, concurrently with PresenceLearning's acquisition of Global Teletherapy, a provider for virtual schools. This strategic consolidation and investment have positioned the company to enhance its technology and expand its reach. Headquartered in New York, PresenceLearning operates as a remote-first company and has delivered over 7 million therapy sessions to date. Keywords: teletherapy, special education, K-12 services, mental health services, occupational therapy, speech-language pathology, EdTech, online therapy platform, school-based therapy, psychoeducational assessments, remote learning solutions, clinician network, student special needs, behavioral health, Individualized Education Plan (IEP), Global Teletherapy, Clay Whitehead, Spectrum Equity, TPG Rise Fund, Bain Capital Double Impact