Cerebral

Cerebral

Online mental health services subscription provider

About

Cerebral provides online mental health services that focus on making mental health care accessible and affordable. The company connects individuals with licensed therapists and prescribers through a subscription model, allowing users to pay a monthly fee for ongoing support. Customers can book and reschedule sessions via an app, and they also have the option to receive medication either delivered to their home or available for pickup at a pharmacy. Cerebral differentiates itself from competitors by offering a comprehensive package that combines therapy and medication, which has been shown to significantly reduce the chances of major depression recurring. The goal of Cerebral is to provide flexible and personalized mental health care to individuals seeking support.

Company Stage

Series C

Employees

501-1,000

Industries

Healthcare

Total Funding

$449.4M

Headquarters

N/A

Founded

2020


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Simplify's Take

What believers are saying

  • The recent $300M Series C funding round led by SoftBank Vision Fund 2 positions Cerebral for significant growth and service expansion.
  • Hiring high-profile figures like Simone Biles as Chief Impact Officer enhances the company's visibility and credibility in the mental health sector.
  • Cerebral's flexible and affordable subscription model can attract a wide range of customers, potentially leading to a large and loyal user base.

What critics are saying

  • The highly competitive digital health market requires Cerebral to continuously innovate to maintain its edge.
  • Dependence on subscription fees means that customer retention is crucial; any decline in user satisfaction could impact revenue.

What makes Cerebral unique

  • Cerebral's entirely online platform makes mental health services accessible to a broad audience, unlike traditional in-person therapy models.
  • The subscription-based model with various pricing tiers, including a discounted 'Strong Start' package, offers flexibility and affordability, setting it apart from competitors.
  • Cerebral's combination of therapy and medication plans provides a comprehensive approach to mental health care, which is supported by research indicating high effectiveness.

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Growth & Insights
Headcount

6 month growth

-11%

1 year growth

-28%

2 year growth

-56%

Benefits

Remote-first

Medical, dental, vision, & life insurance

401k

Unlimited PTO

Wellness stipend

Bi-quarterly mental health days

No-Meeting-Wednesdays

Social events

Optional company retreats

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