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SonderMind - About the company

SonderMind is a series C company based in Denver (United States), founded in 2014 by Sean Boyd and Mark Frank. It operates as a Mental health service provider offering virtual therapy services. SonderMind has raised $276M in funding from investors like General Catalyst, Kickstart Seed Fund and Drive Capital, with a current valuation of $1B. The company has 348 active competitors, including 56 funded and 20 that have exited. Its top competitors include companies like Lyra Health, Cerebral and Talkspace.

Sectors and market segments that SonderMind operate in

SonderMind serves in the HealthTech market segments.The primary business model of SonderMind is:

Company Details

Mental health service provider offering virtual therapy services. The company's services include therapy and psychiatry, both virtually and in-person across a wide range of mental health needs including anxiety, depression, PTSD, ADHD, grief, eating disorders, and relationship issues.
Social
XFacebook
Email ID
*****@sondermind.com
Phone Number
+1 **********
Registered Address
Denver,Colorado
Key Metrics
Founded Year
2014
Location
Denver, United States
Stage
Series C
Total Funding
$276M in 8 rounds
Latest Funding Round
Post Money Valuation
$1B as on Jul 28, 2021
Ranked
Employee Count
1,256 as on Apr 30, 2026
Investment & Acquisitions
Similar Companies
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SonderMind's funding and investors

SonderMind has raised a total funding of $276M over 8 rounds. Its first funding round was on May 27, 2016. Its latest funding round was a Series C round on Jul 28, 2021 for $242M. 10 investors participated in its latest round. SonderMind has 25 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of SonderMind:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jul 28, 2021
$242M
Series C
$1B
-
May 13, 2021
$475K
Series B
-
-
-
-
Apr 06, 2020
$27M
Series B
-
-
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SonderMind's founders and board of directors

Founder? Claim Profile
The founders of SonderMind are Sean Boyd and Mark Frank. Mark Frank is the CEO of SonderMind.
Here are the details of SonderMind's key team members:

SonderMind's Board of Directors

SonderMind's board has 9 active members. Jonathan Bush, Eric Roza, Sean Boyd, Kent Thiry, Curt Roberts, Corley Hughes, Mark D. Frank, Tom Brook and Molly Bonakdarpour are independent board members.
Here is the list of SonderMind's board of directors:
Name
Type
Representing
Status
Duration
Independent board member
-
Current
7y 0m
Independent board member
-
Current
6y 1m
Independent board member
-
Current
8y 4m
Independent board member
-
Current
6y 1m
Independent board member
-
Current
8y 0m
Independent board member
-
Current
4y 7m
Independent board member
-
Current
8y 4m
Independent board member
-
Current
8y 4m
Independent board member
-
Current
4y 7m

SonderMind's employee count trend

SonderMind has 1,256 employees as of Apr 26. Here is SonderMind's employee count trend over the years:
Employee count trend for SonderMind
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SonderMind's Competitors and alternates

Top competitors of SonderMind include Lyra Health, Cerebral and Talkspace. Here is the list of Top 10 competitors of SonderMind, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for SonderMind
SonderMind
2014, Denver (United States), Series C
Mental health service provider offering virtual therapy services
$276M
80/100
2nd
Logo for Lyra Health
Lyra Health
2015, Burlingame (United States), Series F
Provider of AI-powered mental health benefits for employers
$915M
74/100
3rd
Logo for Cerebral
Cerebral
2020, San Francisco (United States), Series C
Provider of online counseling services for mental health conditions
$462M
74/100
4th
Logo for Talkspace
Talkspace
2011, New York City (United States), Acquired
Online platform offering virtual consultation services for mental health conditions
$109M
73/100
5th
Logo for Meru Health
Meru Health
2016, San Francisco (United States), Series B
Provider of digital mental healthcare programs with licensed therapist solutions
$55.4M
70/100
6th
Logo for AbleTo
AbleTo
2008, New York City (United States), Acquired
Offers a digital platform to connect people with licensed therapists and coaches
$66.1M
68/100
7th
Logo for Headway
Headway
2012, New York City (United States), Series D
Provider of a mental health therapist consultation platform
$321M
65/100
8th
Logo for Rula
Rula
2019, Los Angeles (United States), Series A
Online platform offering mental health therapy services
$5.3M
64/100
9th
Logo for Talkiatry
Talkiatry
2020, New York City (United States), Series D
Provider of virtual, insurance-covered psychiatry services. It offers online assessments, connects patients with psychiatrists, and develops treatment plans including medication and therapy. The practice specializes in various mental health conditions such as anxiety, depression, bipolar disorder, ADHD, OCD, and PTSD, also providing care for children and adolescents and during pregnancy and postpartum. Psychiatrists conduct thorough evaluations and diagnoses, creating personalized treatment plans. The service aims to improve access to mental healthcare through virtual visits and insurance coverage.
$400M
64/100
10th
Logo for Brightside Health
Brightside Health
2017, San Francisco (United States), Series C
Virtual mental healthcare platform
$114M
62/100
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SonderMind's Investments and acquisitions

SonderMind has made 1 investments in companies including Stream. SonderMind has also acquired 3 companies including Total Brain and Qntfy.
Here is the list of investments & acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Nov 15, 2022
Acquisition
2000
San Francisco (United States)
Apr 13, 2022
Investments
2018
Oct 18, 2021
Acquisition
2014
Arlington (United States)
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See all acquisitions by SonderMind

Reports related to SonderMind

Here is the latest report on SonderMind's sector:

News related to SonderMind

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Media has covered SonderMind for a total of 3 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
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FAQs about SonderMind

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