About SonderMind
SonderMind is a company based in Denver (United States) founded in 2014 by Sean Boyd and Mark Frank.. SonderMind has raised $276.33 million across 8 funding rounds from investors including Partners Group, Premji Invest and Drive Capital. The company has 275 employees as of December 31, 2023. SonderMind has completed 3 acquisitions, including Qntfy, Total Brain and Uvize. SonderMind operates in a competitive market with competitors including AbleTo, Talkspace, Cerebral, Quartet Health and Ginger, among others.
- Headquarter Denver, United States
- Employees 275 as on 31 Dec, 2023
- Founders Sean Boyd, Mark Frank
- Stage Unicorn
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Sondermind, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$276.33 M (USD)
in 8 rounds
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Latest Funding Round
$241.55 M (USD), Series C
Jul 28, 2021
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Investors
Partners Group
& 19 more
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Employee Count
275
as on Dec 31, 2023
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Investments & Acquisitions
Qntfy
& 2 more
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Funding Insights of SonderMind
SonderMind has successfully raised a total of $276.33M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $241.55 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $241.5M
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First Round
First Round
(27 May 2016)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series C - SonderMind | Valuation | Drive Capital , Premji Invest | |
| May, 2021 | Amount | Series B - SonderMind | Valuation |
investors |
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| Apr, 2020 | Amount | Series B - SonderMind | Valuation | General Catalyst |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SonderMind
SonderMind has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Partners Group, Premji Invest and Drive Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on pre-seed and seed stage investments
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Private equity funds are managed across multiple sectors globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SonderMind
SonderMind has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Qntfy, Total Brain and Uvize. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mental health analytics are delivered outside traditional healthcare systems.
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2014 | ||||
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Professional development is enabled via online networking and mentoring.
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2013 | ||||
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Provider of a mental health and brain performance self-monitoring platform
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SonderMind
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sondermind Comparisons
Competitors of SonderMind
SonderMind operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AbleTo, Talkspace, Cerebral, Quartet Health and Ginger, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers a digital platform to connect people with licensed therapists and coaches
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| domain | founded_year | HQ Location |
Online counseling and therapies for mental health conditions are provided.
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| domain | founded_year | HQ Location |
Provider of online counseling services for mental health conditions
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| domain | founded_year | HQ Location |
Population Health Management platform for integrated behavioral and medical health
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| domain | founded_year | HQ Location |
On-demand mental health solutions are offered to individuals and organizations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sondermind
Frequently Asked Questions about SonderMind
When was SonderMind founded?
SonderMind was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is SonderMind located?
SonderMind is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Who is the current CEO of SonderMind?
Mark Frank is the current CEO of SonderMind. They have also founded this company.
Is SonderMind a funded company?
SonderMind is a funded company, having raised a total of $276.33M across 8 funding rounds to date. The company's 1st funding round was a Series B of $27M, raised on May 27, 2016.
How many employees does SonderMind have?
As of Dec 31, 2023, the latest employee count at SonderMind is 275.
What does SonderMind do?
SonderMind was founded in 2014 in Denver, United States, as a virtual telehealth platform. Connections between individuals seeking mental health support and licensed providers are facilitated through online sessions and tools. Operations center on matching users with therapists, scheduling appointments, and enabling secure virtual consultations. The platform serves a nationwide audience, emphasizing accessibility in behavioral health care delivery.
Who are the top competitors of SonderMind?
How many acquisitions has SonderMind made?
SonderMind has made 3 acquisitions, including Qntfy, Total Brain, and Uvize.
Who are SonderMind's investors?
SonderMind has 20 investors. Key investors include Partners Group, Premji Invest, Drive Capital, General Catalyst, and F-Prime Capital.
What is SonderMind's valuation?
The valuation of SonderMind is $1B as of Jul 2021.
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