Mindbloom

Mindbloom

Clinician-guided ketamine therapy for mental health

Overview

Mindbloom provides clinician-guided ketamine therapy for anxiety and depression, delivering customized treatment programs through partnerships with independently owned psychiatric medical practices. Treatments are prescribed and supervised by medically licensed clinicians and can be delivered in-person or via telehealth. The therapy works by administering ketamine under clinician oversight as part of a personalized program designed to address each patient’s mental health needs, with safety protocols and ongoing symptom monitoring. What sets Mindbloom apart from competitors is its model of working with established psychiatric practices to ensure medical supervision, its large clinical footprint of over 300,000 completed sessions, and its emphasis on safety and efficacy while tailoring plans to individual challenges. The company’s goal is to increase access to science-backed mental health treatments and transform lives through practical, clinician-guided care.

About Mindbloom

Simplify's Rating
Why Mindbloom is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Healthcare

Company Size

1-10

Company Stage

Seed

Total Funding

$3.2M

Headquarters

Seattle, Washington

Founded

2008

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Simplify's Take

What believers are saying

  • PTSD program launched June 2024 targets 13 million U.S. sufferers without new FDA treatments in 25 years.
  • Expanded to 12 app-based programs including grief and habit formation, boosting client retention.
  • AI-integrated mobile app personalizes clinician selection and integration circles since 2022.

What critics are saying

  • Joyous undercuts at $129/month versus Mindbloom's $1,254 for six sessions, stealing cost-sensitive clients.
  • $88 million Dow Jones lawsuit over Perry article erodes brand trust and repels new users.
  • FDA scrutiny post-Perry death enforces clinic-only rules, dismantling at-home model within 12 months.

What makes Mindbloom unique

  • Mindbloom delivers clinician-guided at-home ketamine therapy with customized programs for PTSD and relationships.
  • Largest peer-reviewed study of 11,441 clients proves 62% symptom improvement after four sessions.
  • Partners with experts like Shari Botwin and Happier for trauma-specific integration content.

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Funding

Total Funding

$3.2M

Meets

Industry Average

Funded Over

2 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Below Average

Industry standards

$3.3M
$1.8M
Mindbloom
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood

Benefits

Remote Work Options

Flexible Work Hours

Health Insurance

Company News

PR Newswire
Nov 15th, 2024
Mindbloom And Happier Break New Ground With The Ultimate Fusion Of Ketamine Therapy And Mindfulness

AUSTIN, Texas, Nov. 15, 2024 /PRNewswire/ -- Today, Mindbloom, the largest provider of psychedelic therapy, and Happier, the leading meditation and habit-building app, announce Continuous Transformation – a partnership to enable people to deepen their mindfulness practices and unlock emotional healing

Green Market Report
Jun 19th, 2024
Mindbloom publishes the results of largest ketamine study to date

In addition to the positive study results, Mindbloom also announced the launch of a ketamine therapy program designed for people recovering from PTSD.

PR Newswire
Jun 18th, 2024
Mindbloom Launches Expert-Led Psychedelic Therapy For Ptsd

The program combines Mindbloom's ketamine therapy protocol with preparation, integration, and in-session content from Shari Botwin , a leading trauma therapist, author, and survivor of PTSDAUSTIN, Texas, June 18, 2024 /PRNewswire/ -- Mindbloom , the largest provider of psychedelic medicine, today announced the launch of a first-of-its-kind ketamine therapy program designed for people recovering from PTSD.PTSD is a leading cause of disability in the United States, affecting 13 million people every year – but FDA has not approved any new PTSD treatments in 25 years.Mindbloom"Seventeen veterans die from suicide every day because last-generation treatments like antidepressants and psychotherapy aren't working" said Mindbloom CEO and Founder Dylan Beynon. "Congress and the VA are taking steps to support psychedelic medicine, but with FDA approval of MDMA therapy in question, Mindbloom is ensuring that trauma survivors don't have to wait for treatment that could save their lives."Mindbloom's new program includes ketamine therapy protocols that have shown incredible effectiveness for depression and anxiety , and combines them with content from trauma expert Shari Botwin:Six ketamine therapy sessions focusing on unique issues, including Conquering Guilt, Rising Above Shame, Learning to Trust Yourself, Learning to Trust Others, Healing Through Grieving, and Reclaiming What Was Lostfocusing on unique issues, including Conquering Guilt, Rising Above Shame, Learning to Trust Yourself, Learning to Trust Others, Healing Through Grieving, and Reclaiming What Was Lost Audio, video, and written content by Shari Botwin for preparation, treatment, and integrationfor preparation, treatment, and integration One-on-one coaching from Mindbloom guides, and access to group integration circles"This program is designed for people who have experienced traumatic events of various kinds and, just like me, are hoping to live full, safe and happy lives, Botwin says. "While no one walks away from trauma feeling the exact same thing, my hope is to share insights, tools, and practices that cover the broad spectrum of unmanageable and horrific life experiences to help survivors heal."Mindbloom's new program adds to a library of expert-led programs for unique mental health challenges:About Mindbloom:Mindbloom is the largest provider of psychedelic medicine, offering ketamine therapy programs that combine evidence-based medicine with coaching, content, and community. Mindbloom's psychiatric clinicians facilitate over 275,000 at-home ketamine therapy sessions each year in 36 states, and Mindbloom's remarkable treatment outcomes were published in the largest peer-reviewed study of ketamine therapy. For more information, visit www.mindbloom.com .About Shari Botwin:Shari Botwin, LCSW, has counseled survivors in recovery from all types of traumas in her Cherry Hill, New Jersey private practice for over twenty-eight years. She has written three books, and her latest – Stolen Childhoods: Thriving After Abuse – focuses on reclaiming life in adulthood for survivors of childhood abuse

PR Newswire
Jun 14th, 2024
Largest Study Of Psychedelic Medicine, With 11,441 Mindbloom Clients, Demonstrates Effectiveness And Safety Of Guided At-Home Ketamine Therapy

At-home, telehealth-supported ketamine treatment for depression: Findings from longitudinal, machine learning and symptom network analysis of real-world dataAUSTIN, Texas, June 14, 2024 /PRNewswire/ -- Mindbloom , the leading provider of psychedelic therapy, announced today the findings of the largest peer-reviewed study in the history of ketamine therapy and psychedelic medicine. The study was published in the Journal of Affective Disorders, and was authored by psychiatrists and researchers from Johns Hopkins University School of Medicine, NYU School of Medicine, the Institute for Psycholinguistics and Digital Health, and Mindbloom.Key Findings:Largest study : The study reviewed data from 11,441 Mindbloom clients, making it the most comprehensive examination of ketamine therapy to date: The study reviewed data from 11,441 Mindbloom clients, making it the most comprehensive examination of ketamine therapy to date Effectiveness : 62% of clients reported clinically-significant improvements in depression or anxiety, with 28% achieving remission: 62% of clients reported clinically-significant improvements in depression or anxiety, with 28% achieving remission Rapid results : Significant symptom improvements were found after only four sessions: Significant symptom improvements were found after only four sessions Safety : Fewer than 5% of clients reported adverse effects: Fewer than 5% of clients reported adverse effects Benefits of continued treatment : 84% of clients who experienced significant improvements in an initial round of treatment maintained improvements or recovered in a second round"Millions of Americans are suffering from mental illness, and haven't been helped by traditional treatments," said co-author and Mindbloom Medical Director Dr. Leonardo Vando. "This study confirms that at-home ketamine therapy can be an effective and fast-acting treatment for depression and anxiety, and shows why psychedelic therapy is going to be a first-line treatment in the next few years."The authors noted that the extensive support offered through Mindbloom – including 1:1 coaching, therapeutic content, and group integration – drives the effectiveness and safety of the treatment. In addition, Mindbloom's at-home ketamine therapy programs overcome barriers like cost, provider availability, and stigma that prevent people from accessing effective mental health care."Mindbloom's programs are successful because of our at-home model, not in spite of it," said Mindbloom's Founder and CEO Dylan Beynon. "Telehealth makes treatment more accessible and affordable, allowing clients to heal from the comfort of home

Benzinga
Nov 29th, 2023
EXCLUSIVE: Mindbloom's Mastermind Series, A Psychedelic Therapy Program For Heartbreak, Burnout & Parallel Challenges

Austin-based ketamine therapy provider Mindbloom is launching its Mastermind Series, the first-of-its-kind, expert-led psychedelic therapy program for overcoming severe mental and emotional health challenges.

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