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SonderMind Raises $27M to Expand Behavioral Health Marketplace

SonderMind Raises $27M to Expand Community Behavioral Health Network

What You Should Know:

Today, SonderMind, a 500-strong integrated network of community behavioral health professionals announced a $27 million Series B financing.

With a goal of making behavioral health more accessible, available and utilized, SonderMind is very active easing the minds of the worried well and enabling a value proposition for therapists (to the benefit of patients) that is pushing therapy beyond the better-heeled patient that can afford self-pay to the bulk of the population that is commercially insured and in greater need of options. 


SonderMind Inc., a Denver, CO-based company
dedicated to making behavioral health more accessible, approachable and
utilized, today announced the successful completion of a $27 million Series B
financing. In addition to the new investment from General Catalyst, the round
also included new investor F-Prime Capital and participation from existing
investors Kickstart Seed Fund, Diōko Ventures (managed by FCA Venture Partners)
and Jonathan Bush.

The behavioral health industry continues to be challenged by
long-wait times and access issues. SonderMind is taking aim at these core
challenges within the mental health system by providing a marketplace that
enables consistent access to care and streamlined communication between
therapist and patient. Founded in 2017, SonderMind’s finds the best therapist
with its rapidly-expanding national network of 400+ licensed, in-network therapists
that specialize in over 150 specialty areas of practice.

Licensed, In-Network Therapist Available in Person or Online

For people seeking mental health support, the SonderMind Solution™ offers a connection to a licensed behavioral health professional when they need it most. The SonderMind team ensures that a client is quickly matched to a high-quality, vetted therapist who fits the needs around clinical focus, insurance acceptance, convenience and more.

SonderMind currently operates the largest integrated network of community behavioral health professionals in Colorado and expanding business in Texas and Arizona, intends to use the proceeds to accelerate the company’s entry into new markets; deepen and broaden its enterprise partnerships with payors, employers and health systems, and to further build out the technology platform that drives its SonderMind Solution. SonderMind is currently accepted by insurers Anthem, Aetna, Blue Cross Blue Shield, Bright Health, Cigna, Kaiser Permanente, and UnitedHealthcare.

With a goal of making behavioral health more accessible, available and utilized, SonderMind is very active easing the minds of the worried well and enabling a value proposition for therapists (to the benefit of patients) that is pushing therapy beyond the better-heeled patient that can afford self-pay to the bulk of the population that is commercially insured and in greater need of options. 


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