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.
- Website
- www.sondermind.com/
- 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
Investors
Ranked
1st among 348 active competitors
Employee Count
1,256 as on Apr 30, 2026
Investment & Acquisitions
Legal entities associated with SonderMind
SonderMind is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SONDERMIND, INC. CIN: 823006071 , United States, Active | Dec 31, 1999 | - | 261 (As on Dec 31, 2024) | - |
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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:
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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 | - | - |
View details of SonderMind's funding rounds and investors
SonderMind's founders and board of directors
Founder? Claim ProfileHere are the details of SonderMind's key team members:
- Sean Boyd: Co-Founder of SonderMind. They serve on the board of 1 company.Contact Info: 1 email address
- Mark Frank: Co-Founder & CEO of SonderMind and founder of 1 other company. Contact Info: 1 email address
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 |
View details of SonderMind's Founder profiles and Board Members
SonderMind's employee count trend
SonderMind has 1,256 employees as of Apr 26. Here is SonderMind's employee count trend over the years:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | SonderMind 2014, Denver (United States), Series C | Mental health service provider offering virtual therapy services | $276M | 80/100 | |
2nd | Lyra Health 2015, Burlingame (United States), Series F | Provider of AI-powered mental health benefits for employers | $915M | 74/100 | |
3rd | Cerebral 2020, San Francisco (United States), Series C | Provider of online counseling services for mental health conditions | $462M | 74/100 | |
4th | Talkspace 2011, New York City (United States), Acquired | Online platform offering virtual consultation services for mental health conditions | $109M | 73/100 | |
5th | Meru Health 2016, San Francisco (United States), Series B | Provider of digital mental healthcare programs with licensed therapist solutions | $55.4M | 70/100 | |
6th | 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 | Headway 2012, New York City (United States), Series D | Provider of a mental health therapist consultation platform | $321M | 65/100 | |
8th | Rula 2019, Los Angeles (United States), Series A | Online platform offering mental health therapy services | $5.3M | 64/100 | |
9th | 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 | Brightside Health 2017, San Francisco (United States), Series C | Virtual mental healthcare platform | $114M | 62/100 |
Looking for more details on SonderMind's competitors? Click here to see the top ones
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:
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Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Nov 15, 2022 | Acquisition | 2000 | San Francisco (United States) | |
Apr 13, 2022 | Investments | 2018 | London (United Kingdom) | |
Oct 18, 2021 | Acquisition | 2014 | Arlington (United States) |
See all acquisitions by SonderMind
Reports related to SonderMind
Here is the latest report on SonderMind's sector:
News related to SonderMind
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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SonderMind Launches AI Notes to Cut Clinician Documentation Time by 80%HIT Consultant•Sep 19, 2025•SonderMind
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Mental health tech unicorn SonderMind lays off 17% of its employeesEndPoints News•Jan 17, 2024•SonderMind
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Mindstrong sells tech assets to SonderMind, shuts down operationsMobiHealthNews•Mar 22, 2023•Mindstrong, SonderMind
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Southeast Medical Group with Local, Growing Georgia Health PlanInsuranceNewsNet•Mar 21, 2023•Sonder Health Plans, Southeast Medical Group, SonderMind
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SonderMind picks up neuroscience company Total Brain to build out data-driven mental healthcareFierce Healthcare•Nov 16, 2022•SonderMind, Total Brain
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Smash Capital leads USD175m WageStream Series C roundPrivate Equity Wire•Apr 14, 2022•Smash Capital, Northzone, Epic Games, Reddit and 9 others
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