Digital mental health startup Cerebral Inc. scored $300 million in equity funding. This new round brings the company’s total raise to $462 million.
The SoftBank Vision Fund 2 funded company now has a valuation of roughly $4.8 billion, according to a Bloomberg report.
Clients are able to fill out an online form and be matched to a prescriber who can come up with a treatment plan. After this, clients are connected to a care counselor. The company can mail clients medications, and it lets users check in with counselors and prescribers. Run on a subscription-based model, the startup provides three different plans including: medication and care counseling, medication and therapy, and therapy alone.
The startup has tapped Olympian gymnast Simone Biles as its chief impact officer. The company currently caters to individuals living with anxiety, depression, insomnia and ADHD. However, according to Bloomberg, it is looking to expand its scope of care.
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Source: Mobihealth News