Simone Biles-Backed Mental Health Startup Cerebral Now Valued At $4.8B

The Olympic star partnered with Cerebral — the leading online mental health provider — as its Chief Impact Officer (CIO) in October 2021, and now it’s been valued at more than $4 billion.

InnovationMap reports that the San Francisco-based company has raised $300 million in venture capital — taking its value to $4.8 billion.

The Series C round led by SoftBank Vision Fund 2 and fellow investors including Prysm Capital, Access Industries, WestCap Group, and ARTIS Ventures ended on December 8.

The startup focuses on providing regular assessments, video or phone appointments with patients’ prescribers, ongoing care counselor sessions, and medication delivery.

Cerebral and Biles have had a long-lasting partnership.

The start-up was an official sponsor of Biles’ Gold Over America Tour, which took place from September to November, and is an official sponsor of the 2022 Simone Biles International Invitational, a gymnastics competition held on January 27-30 at Houston’s George R. Brown Convention Center. The Spring-based World Champions Centre, Biles’ home gym, stages the invitational.

“Mental health is just as important as physical health, but for far too long, the stigma of mental health has prevented too many people from seeking help,” Biles shared in a statement.

 “I have my own challenges with mental health, and therapy has been very empowering for me as I try to be the best person that I can be. I believe everyone should have access to mental health resources, and Cerebral gives me the ability to personalize my mental health care experience,” she added.