Total amount raised
$462 Millions
Latest funding date
12/1/2021
Location
Cerebral has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform focuses on democratizing access to high-quality mental health care through telemedicine.
Keep reading to explore the intricacies of Cerebral's fundraising journey and the investors backing this innovative platform.
What Is Cerebral?
Cerebral, founded in 2020 by Ho Anh and Sami El Allaoui, is a mental health telemedicine company headquartered in San Francisco, California. The company aims to democratize access to high-quality mental health care through telemedicine.
With a workforce of 1001-5000 employees, Cerebral provides accessible and affordable mental health care by following evidence-based guidelines. Their services include online therapy, virtual counseling, and telehealth therapy.
For more detailed information, you can visit their Crunchbase profile or their official website.
How Much Funding Has Cerebral Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the platform and launch services.
- Series A
- Amount Raised: $35M
- Date: October 2020
- Lead Investors: Oak HC/FT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand service offerings.
- Series B
- Amount Raised: $127M
- Date: June 2021
- Lead Investors: Access Industries
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and broaden the reach of mental health services.
- Series C
- Amount Raised: $300M
- Date: December 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in new service offerings, form strategic partnerships, expand internationally, and solidify its position in behavioral care.
Total Amount Raised: $462M. Current Valuation: Not publicly disclosed.
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Group, focusing on technology-driven companies. It is one of the largest technology investment funds in the world.
- Investment Focus Areas: Technology, artificial intelligence, robotics, telecommunications.
- Notable Investments: Uber, WeWork, DoorDash.
- Access Industries
- Details: Access Industries is a privately held industrial group founded by Len Blavatnik. The firm has diversified investments across various sectors.
- Investment Focus Areas: Natural resources, chemicals, media, telecommunications.
- Notable Investments: Warner Music Group, DAZN, Clal Industries.
- Oak HC/FT
- Details: Oak HC/FT is a venture and growth equity firm that invests in healthcare and financial technology companies. The firm is known for its deep industry expertise.
- Investment Focus Areas: Healthcare, financial technology, insurance technology.
- Notable Investments: Devoted Health, Insureon, Poynt.
- WestCap Group
- Details: WestCap Group is an investment firm that partners with visionary leaders to build generational companies. The firm focuses on growth-stage investments.
- Investment Focus Areas: Technology, financial services, real estate.
- Notable Investments: Airbnb, StubHub, iCapital Network.
- ARTIS Ventures
- Details: ARTIS Ventures is a venture capital firm that invests in early-stage technology and life sciences companies. The firm aims to support transformative innovations.
- Investment Focus Areas: Technology, life sciences, healthcare.
- Notable Investments: Stemcentrx, Palantir Technologies, YouTube.
What's Next for Cerebral?
With $300 million in Series C funding, Cerebral is poised to expand its service offerings and form strategic partnerships. The company aims to leverage data science and precision medicine to enhance treatment options, tapping into the growing demand for online mental health services.
Future fundraising opportunities seem likely as Cerebral plans to enter international markets and engage in mergers and acquisitions. However, challenges such as managing rapid growth, navigating regulatory requirements, and maintaining high-quality care could pose significant hurdles. The competitive landscape of online mental health services also adds to the complexity of their expansion strategy.
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