Venture Capital News: Cerebral Scores $127M Series B Round
2021-06-15
SAN FRANCISCO, CA, Cerebral, online provider of psychiatric and behavioral therapy services, has received $127 million in Series B funding.
Access Industries led the round, joined by WestCap, Silver Lake Waterman, Artis Ventures, Bill Ackman, Oak HC/FT, Chris Burch, AirAngels, and others. The investment reflects Cerebral's continued success on its path to becoming the leader in high-quality mental health care.
Cerebral's mission is simple and straightforward: to improve access to affordable, high-quality mental health care to everyone who needs it. Unlike traditional mental health care, Cerebral is accessible, convenient, affordable, and free of stigma. With several full-service monthly subscription plans to choose from, members receive online access to prescribing providers, behavioral counselors, and talk therapists-all from the comfort of home or anywhere else with an internet connection. Visits are done via video chat, and members can message their care team directly. Members receive medications delivered straight to their door (if prescribed). Cerebral was founded and launched in January 2020 and is now the fastest growing mental health company in history.
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