Big Health

Big Health

Digital health solutions for mental health care

About Big Health

Simplify's Rating
Why Big Health is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Consumer Software

Healthcare

Company Size

51-200

Company Stage

Series C

Total Funding

$125.5M

Headquarters

San Francisco, California

Founded

2010

Overview

Big Health provides digital solutions aimed at addressing mental health challenges such as insomnia, anxiety, and depression. Their main products, Daylight and Sleepio, offer personalized support for individuals and adolescents, while Spark Direct focuses on improving emotional well-being in practical settings. The company also runs a medication assessment program that emphasizes non-drug treatment options, which can be quickly integrated into health plans. Big Health distinguishes itself from competitors through its strong commitment to evidence-based practices, supported by over 90 peer-reviewed studies and numerous randomized controlled trials. The goal of Big Health is to make effective mental health care accessible to individuals through partnerships with employers and health plans.

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Simplify's Take

What believers are saying

  • Partnership with Grow Therapy enhances Big Health's comprehensive mental health platform.
  • Acquisition of Limbix expands offerings to adolescent mental health, addressing a critical market gap.
  • Increased demand for digital mental health solutions due to the ongoing mental health crisis.

What critics are saying

  • Increased competition from companies like Woebot Health with significant funding.
  • Potential challenges in integrating acquired companies like Limbix with different corporate cultures.
  • Risk of regulatory scrutiny as digital therapeutics become more prevalent.

What makes Big Health unique

  • Big Health offers non-drug, evidence-based digital therapeutics for mental health issues.
  • The company has over 90 peer-reviewed publications, including 18 randomized controlled trials.
  • Big Health's products, Daylight and Sleepio, are clinically validated for anxiety and insomnia.

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Funding

Total Funding

$125.5M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$75M
Big Health
$100M
Oura

Benefits

Health care - We provide 100% employee coverage for medical, vision, and dental. Plus, free access to Sleepio for poor sleep, Daylight for worry and anxiety, and additional mental health benefits.

Time off - We take balance seriously. Employees get 20 days of PTO plus eight holidays, a year-end week off, and Flex Fridays. Employees also receive 10 days of paid sick leave per year.

Professional development - Employees receive a $1k USD or £800 stipend — plus five paid days off — for professional development, plus a stipend for their work-from-home setup.

Retirement savings - US Employees are eligible to participate in a 401(k) program with company match, and UK employees receive a pension program with NEST.

Team building - Apart, but never alone. We host an annual Summit in-person at our SF HQ (virtual when needed), and regular social events to keep bonds strong.

Family - Employees are eligible for parental leave on day one. Dependents are eligible for 50% coverage on our medical, vision and dental plans, plus access to Sleepio and Daylight.

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

-2%

2 year growth

4%
PR Newswire
Mar 21st, 2024
Big Health Partners With Grow Therapy To Launch Comprehensive Mental Health Platform

New solution integrates evidence-based digital care programs with best-in-class mental health provider networkSAN FRANCISCO, March 21, 2024 /PRNewswire/ -- Big Health , the leading developer of digital treatments for the most common mental health conditions, has partnered with Grow Therapy ("Grow") to launch a comprehensive mental health platform that will support the full spectrum of mental health care needs. Grow's best-in-class provider network will seamlessly integrate with Big Health's clinically proven digital programs for insomnia, anxiety, and depression. The experience will be integrated into customers' existing benefit ecosystems, and offer care to millions for a fraction of the cost of existing platforms.Despite double-digit growth in investments in this area, the mental health crisis continues to worsen. The collaboration between Big Health and Grow Therapy will provide flexibility and scalability in addressing the exploding demand for mental health care services."Mental health continues to be a top priority for employers and other traditional benefits customers. They are facing enormous financial pressure with rising medical spend and economic headwinds. We are meeting the need for a solution that combines the best clinical care and digital programs in one platform that can be billed up to 100% through claims, with no benefits budget required," said Arun Gupta, Big Health's Executive Chairman & CEO.The new comprehensive mental health platform is built for the challenging market dynamics facing organizations, including utilization-based pricing, claims-based billing, and performance guarantees tied to clinical results

PRWeb
Oct 9th, 2023
New Research Demonstrates Clinical Effectiveness Of Digital Treatment At Improving Insomnia And Comorbid Mental And Physical Health Issues

"These new data show how treating sleep issues has health benefits across populations, conditions, and ages—rest helps heal our bodies and brains, and is essential to a healthy mind," Colin A. Espie, PhD, Prof. of Sleep Medicine, University of Oxford; co-founder, Chief Scientific Officer, Big Health Tweet thisEighty-four percent of improvements in anxiety among study participants using Sleepio were due to improvements in sleep.In a separate study among stroke survivors, 71% achieved remission using Sleepio compared to 30% of control participants.Improving sleep is a pathway to reduce anxietyIndividuals with insomnia are three times more likely to develop anxiety than healthy sleepers.[1] Additionally, comorbid insomnia and anxiety are associated with greater severity of both conditions — as well as increased symptoms of depression and poorer physical health.[2]Published in the peer-reviewed Journal of Affective Disorders, researchers found that Sleepio's clinically validated impact on insomnia also significantly reduced participants' anxiety symptoms — 84% of improvements in anxiety were due to improvements in sleep. The largest-ever study examining the effects of a digital therapeutic for insomnia in adults with insomnia and clinically significant anxiety, results also showed that after using Sleepio, participants were two times more likely to no longer have clinically significant anxiety versus those in the control arm."The results of our studies show that digital CBT for insomnia can bring about substantial improvements in sleep, and that leads to a lessening of anxiety and depression," Daniel Freeman, PhD, Professor of Psychology at the University of Oxford and co-author of the paper, said. "Improving sleep likely brings a wide range of benefits in its wake."The impact of sleep on stroke recoveryGlobally, one in four people are estimated to experience stroke during their lifetime, and the disease is the third leading cause of disability and death combined.[3] Following stroke, up to 60% of patients report sleep challenges throughout the recovery period.[3] Sleep issues are associated with poorer post-stroke outcomes[4] and higher rates of comorbidity, including anxiety and depression.[5]The peer-reviewed Journal of Sleep Research published results from the INSPIRES study, a randomized controlled trial (RCT) comprising 84 stroke survivors demonstrating that Sleepio was effective at improving sleep, compared with sleep hygiene control, for at least eight weeks post-intervention. Results also showed that, among participants who had insomnia disorder at baseline, 71% in the Sleepio study arm achieved remission post-intervention compared to 30% of control participants

Big Health
Aug 10th, 2023
Supporting clinicians with effective digital treatments

Big Health partners with the American Psychological Association to increase awareness of the value and impact of digital treatments in clinical care delivery.

Megatrend Investments
Jul 14th, 2023
Digital therapeutics consolidation: Big Health acquires Limbix

Big Health, a developer of digital therapeutics for insomnia and anxiety, is acquiring Limbix and its SparkRx adolescent depression therapeutic.

Fierce Healthcare
Jul 14th, 2023
Big Health to acquire limbix, maker of digital therapeutics for teenage mental health

Big Health, a maker of digital therapeutics, announced it was acquiring Limbix, creator of digital therapeutics for adolescents.

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