SonderMind

SonderMind

Connects clients with licensed therapists

About SonderMind

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

Industries

Consumer Software

Healthcare

Company Size

501-1,000

Company Stage

Series C

Total Funding

$183.2M

Headquarters

Denver, Colorado

Founded

2014

Overview

SonderMind connects individuals seeking therapy with licensed therapists to improve access to mental health services. The company uses a digital platform to match clients with therapists based on their specific needs, such as anxiety or depression. This matching process ensures clients find the right support while therapists benefit from a streamlined system for managing appointments and billing, allowing them to focus on care. SonderMind generates revenue through client fees and insurance reimbursements, as it partners with major insurance providers. The goal is to make mental health care more accessible and efficient for both clients and therapists.

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Simplify's Take

What believers are saying

  • SonderMind's nationwide expansion increases access to mental health services across all 50 states.
  • Acquisitions of Mindstrong and Total Brain enhance digital capabilities and neuroscience-based tools.
  • Growing demand for mental health services supports SonderMind's telehealth and personalized care model.

What critics are saying

  • Increased competition from well-funded platforms like Lyra Health may challenge SonderMind's market position.
  • Recent layoffs and acquisitions may indicate financial strain or integration challenges.
  • Modest Series F funding may limit SonderMind's ability to scale and innovate rapidly.

What makes SonderMind unique

  • SonderMind offers a personalized mental health care approach with in-person and video therapy.
  • The company integrates AI-powered tools and human care for comprehensive mental health support.
  • SonderMind's app provides 24/7 access to self-care resources, enhancing user engagement.

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Funding

Total Funding

$183.2M

Above

Industry Average

Funded Over

5 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
$100M
Oura
$150M
SonderMind

Benefits

Health, vision, & dental

PTO

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

-2%
Hit Consultant
Apr 1st, 2025
Sondermind Expands Personalized Mental Healthcare Services Nationwide

SonderMind Expands Personalized Mental Healthcare Services Nationwide. by Jasmine Pennic 04/01/2025 Leave a Comment. What You Should Know: – SonderMind, a provider of comprehensive, personalized mental health care, has announced its expansion to serve the entire country, now available in all 50 states and Washington, D.C. – The expansion brings a combination of human-powered care and AI-powered tools to individuals across the nation, ensuring access to the right care at the right time.Comprehensive Mental Healthcare ApproachSonderMind’s approach to mental healthcare goes beyond traditional therapy. The company offers a personalized system that integrates:In-person and video therapyPsychiatric careScience-backed self-care toolsThese resources are available through the free SonderMind app, designed to support individuals at every stage of their mental health journey: before therapy, between sessions, or as a standalone resource.The SonderMind App: 24/7 Access to SupportThe SonderMind app provides users with 24/7 access to a range of on-demand self-care resources, including:MeditationsBreathing exercisesNeurotunesBrain trainingSonderMind’s Daily Reflections feature allows users to track their progress, reflect on their mental health, and maintain momentum in their pursuit of improved mental wellness. The app is available for free on both iOS and Android.“We’ve seen a wave of mental health offerings emerge over the past decade, decreasing stigma and increasing access to care,” said Mark Frank, CEO and Co-Founder of SonderMind. “This is welcome and significant progress

Bizjournals
Jan 18th, 2024
Fast-growing Denver healthtech unicorn lays off nearly 50 employees

Just last week, SonderMind hired Curt Roberts as its new president.

IBOS Ventures
Oct 10th, 2023
Portfolio | iBOS

Passive

Stat News
Mar 22nd, 2023
Mindstrong sells its mental health technology for parts

Mindstrong, a high-profile mental health tech startup, is selling off its assets to the therapy platform SonderMind.

Modern Healthcare
Mar 22nd, 2023
SonderMind purchases Mindstrong's tech assets | Modern Healthcare

SonderMind, a digital mental health company, is acquiring Mindstrong's remaining technology assets in a deal that will end the latter company's six-year run in the mental health space.

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SonderMind is Hiring for 20 Jobs on Simplify!

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