Therapist marketplace SonderMind raises $27M

Denver-based SonderMind announced it has raised $27 million in 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 Series B financing brings the company’s total funding to date to $33 million.

Established in 2014, the team of 90+ employees provides a marketplace that enables patients to connect with a licensed therapist for video telehealth or in-person sessions in Arizona, Colorado, and Texas. SonderMind will also use the funding to expand to additional states. Its therapists are currently in-network with Anthem (Blue Cross Blue Shield), Aetna, Cigna, Kaiser, Bright and United Health Care. They are also in-network with Cigna EAP and United EAP.

“We normally can find your matches within 24 – 48 hours. If you request a match on a weekend, you will be matched on the next business day. Once the therapist we matched you with accepts you as a client, it usually takes 1-2 days for them to reach out to schedule your first appointment.”

“This financing provides the fuel to support our growth objectives and advance our mission to make behavioral health more accessible, approachable and utilized by building a modern marketplace that holds great appeal to both clinician and patient. We are thrilled by this new partnership with General Catalyst given a shared belief in how important the issue of mental health is for our country and General Catalyst’s proven expertise in advising and lending connectivity to breakthrough companies across industries and within healthcare. ” – Mark Frank, co-founder and CEO of SonderMind.