The SoftBank-backed on-demand therapy platform increased its overall funding to $110m with a round that was led by Revolution Growth.

Talkspace, the US-based on-demand therapy platform backed by telecommunications and internet conglomerate SoftBank, collected $50m on Wednesday from a consortium led by growth equity firm Revolution Growth.

Norwest Venture Partners (NVP), Qumra Capital, Spark Capital and Compound Ventures also took part in the round, as did several undisclosed existing investors. It increased the company’s overall funding to $110m.

Founded in 2012, Talkspace operates an online platform that allows users to access a network of more than 5,000 licensed therapists in…