Overview

Cerebral provides online mental health services aimed at individuals seeking support. The company operates through a subscription model, allowing customers to pay a monthly fee for access to various mental health resources. Users can be matched with licensed therapists or prescribers, receive ongoing support, and manage their appointments through an app. Additionally, Cerebral offers a medication plan, delivering prescribed medications directly to customers or to a pharmacy of their choice. What sets Cerebral apart from competitors is its comprehensive approach that combines therapy and medication, which has been shown to significantly reduce the chances of major depression recurrence. The goal of Cerebral is to make mental health care accessible and affordable, providing flexible and personalized support to those in need.

Simplify's Take

What believers are saying

• Cerebral raised $300M in Series C funding, boosting its growth potential.
• The mental health app market is projected to grow significantly, benefiting Cerebral.
• Increased demand for telemedicine due to COVID-19 expands Cerebral's user base.

What critics are saying

• Increased competition from companies like BetterHelp and Talkspace.
• Concerns over data privacy and security in telehealth services.
• Regulatory scrutiny over online medication prescriptions.

What makes Cerebral unique

• Cerebral offers a comprehensive subscription model combining therapy and medication.
• The company provides flexible, online mental health services accessible to a broad market.
• Cerebral employs licensed therapists and prescribers for personalized mental health care.

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Funding

Total Funding

$449.4M

Above

Industry Average

Funded Over

3 Rounds

$300,000,000

Series C

Dec 2021

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

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$300M

View all funding stages