Cerebral Raises $300M in Series C Funding


Cerebral, Inc., a San Francisco, CA-based online mental health company, closed a $300m Series C funding round.

The round, which brought total funding to $462, was led by the SoftBank Vision Fund 2 with participation from new and existing investors, including Prysm Capital, Access Industries, WestCap Group, and ARTIS Ventures.

The company intends to use the funds to invest in new service offerings, strategic partnerships, international expansion, and M&A opportunities to further solidify its position as the one-stop shop for behavioral care and to provide top-quality treatment options through data science and precision medicine.

Led by Kyle Robertson, founder and CEO, Cerebral is a one-stop shop for comprehensive, high-quality online mental health care and wellness. The company offers counseling, therapy, and medication delivery and management online for mental and behavioral health conditions such as depression, anxiety, serious mental illnesses, substance use disorder, nutrition, and more.

Cerebral has a team of over 2,000 clinicians practicing across all 50 states and partnerships with major insurance providers such as Aetna, Blue Cross Blue Shield, Cigna, Magellan, and Medicare, as well as a growing number of employers.