What is Cerebral?
Founded in 2020 and headquartered in San Francisco, CA, Cerebral operates as a mental health telemedicine company. It specializes in offering accessible medication management, counseling, and therapy services for conditions such as anxiety, depression, and insomnia. The company's core objective is to democratize mental healthcare by leveraging internet connectivity, ensuring that individuals can receive necessary care regardless of their location. This approach positions Cerebral as a key player in the rapidly expanding digital health and telehealth market.
How much funding has Cerebral raised?
Cerebral has raised a total of $560.8M across 6 funding rounds:
Series A
$35M
Series B
$127M
Series C
$300M
Private Equity
$25M
Other Financing Round
$25M
Private Equity
$48.8M
Series A (2020): $35M with participation from Gaingels LLC, Air Angels Inc, Westcap Corp., Liquid 2 Ventures L.P, and Oak HC/FT
Series B (2021): $127M, investors not publicly disclosed
Series C (2021): $300M supported by Prysm Capital and SoftBank Group
Other Financing Round (2025): $25M, investors not publicly disclosed
Private Equity (2025): $25M, investors not publicly disclosed
Private Equity (2026): $48.8M, investors not publicly disclosed
Key Investors in Cerebral
Prysm Capital
Prysm Capital is a venture capital firm that provides growth capital and strategic partnerships, focusing on technology and consumer sectors. They support proven businesses with exceptional management teams, aiming for long-term value creation.
SoftBank Group
SoftBank Group is a global technology holding company investing in telecommunications, internet services, AI, and robotics. They support transformative technologies worldwide through platforms like the SoftBank Vision Fund.
Oak HC/FT
Oak HC/FT is a venture growth-equity fund specializing in Healthcare Information & Services and Financial Services Technology. They provide strategic counsel and access to an extensive network for portfolio companies.
What's next for Cerebral?
With the infusion of major enterprise-level funding and a recent strategic investment, Cerebral is poised for significant expansion and further innovation in its service offerings. The company's trajectory suggests a focus on scaling its operations, enhancing its technological infrastructure, and potentially broadening its service portfolio to address a wider spectrum of mental health needs. This strategic capital will likely fuel advancements in patient care delivery, research, and market penetration, solidifying its position as a leader in the mental wellness technology space.
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