SonderMind operates a technology platform that connects individuals with therapists who accept their insurance and are a clinical fit, while providing therapists with billing, telehealth, clinical assessments and practice support. The company emphasizes personalized mental health journeys and data-driven, clinically verifiable outcomes for users. SonderMind’s platform handles matching, payments, telehealth and a full technology suite so clinicians can focus on care. The company says the new funding will accelerate expansion into all fifty states and bolster its technology capabilities. SonderMind positions itself around affordability and accessibility, aiming to help millions of Americans find the right therapist. As of the announced round, the company has raised a total of $183 million in capital. SonderMind operates a marketplace that connects consumers to licensed behavioral-health professionals while enabling clinicians to focus on care rather than running a practice. Its SonderMind Solution™ handles matching clients, payments, telehealth, a full technology suite, clinical assessments and a supportive team of behavioral-health experts. The company currently operates the largest integrated network of community behavioral-health professionals in Colorado and is expanding its business in Texas and Arizona. SonderMind intends to use new capital to accelerate entry into new markets, deepen and broaden enterprise partnerships with payors, employers and health systems, and further build out the technology platform that drives its solution. Leadership includes co-founder and CEO Mark Frank, and the company recently added Eric Roza and Kent Thiry to its board. SonderMind completed a $27 million Series B financing to support these growth plans. SonderMind offers the SonderMind Solution™, a behavioral-health platform that matches clients to vetted therapists while handling scheduling, payments, insurance coordination, and a lightweight EHR and practice-management tools. The product includes a matching platform that factors clinical fit and mutual preferences, a mobile app with voice notes, calendar and messaging, and support for provider billing and administration. The company operates the largest integrated network of community behavioral-health professionals in Colorado. SonderMind plans to expand beyond Colorado into Austin, Texas and Phoenix, Arizona in the near term and to scale the offering nationally. Financially, the company completed a $3 million Series A in April 2019 to support ongoing launch, program and technology initiatives and to hire key personnel. The company also appointed Jonathan S. Bush to its board as it executes its growth strategy from its Denver base.

Total raised

$180M

Funding rounds

3

Latest round

Series C

Latest activity

Jul 2021