Digital Behavioral Health Company Sondermind announced this week that it had acquired total braina platform that allows users to track their mental capacity, emotions and stress levels.
Total Brain’s products include brain assessments and tracks, general mental health screeners, and personalized self-care and stress relief programs. The company was previously listed on the Australian Stock Exchange but went private following an acquisition.
SonderMind helps match patients with local and in-network therapists and set up in-person or virtual appointments. The company is pitching the deal as a way to help therapists monitor care outcomes, provide collective health reports to corporate clients, and provide a more comprehensive offering to insurance companies and the healthcare system.
SonderMind co-founder and CEO Mark Frank said in a statement: “Building on the foundation of quality care that SonderMind clinicians are delivering today, Total Brain will help change this status quo. By empowering people to better understand their psyche, we can help individuals become faster and better, and we’re partnering with SonderMind to bring these people to life in both digital and therapeutic ways. I will meet your needs.”
the bigger trend
The Denver-based company Established in 2014 and recently raised $150 million in Series C funding, which brought its total funding to $183 million. SonderMind intends to use the recent funding to: expand geographicallyand its services are currently available in 15 states and Washington, DC.
The Total Brain deal marks another acquisition for SonderMind. In October last year, I bought Qntfya predictive analytics platform that uses mental health biometric data to suggest potential treatment options.
Investments in digital health in 2022 will drop significantly compared to last year, but mental health will continue to Cutting-edge therapeutic area for fundraising.a Silicon Valley Bank report Despite slowing investment, the median deal size and valuation of mental health companies increased, the study found.
Still many rivals digital mental health A space that includes companies like calm down, headspace health When Teladoc Health We offer mental health products such as BetterHelp.
