Big Health has raised a total of $135.1 million across 5 funding rounds, with its largest being a $75 million Series C round in January 2022. The San Francisco-based digital therapeutics company offers fully automated Cognitive Behavioral Therapy (CBT) programs for insomnia (Sleepio) and anxiety (Daylight), aiming to make mental health care accessible anytime, anywhere. Big Health operates in the digital health and wellness industry, leveraging technology to deliver scalable, personalized solutions for mental health.
Keep reading to explore Big Health’s funding journey, key investors, and what’s next for this innovative company.
What Is Big Health and What Does It Do?
Founded in 2010 by Colin Espie and Peter Hames, Big Health is headquartered in San Francisco, California, United States. The company operates in the digital therapeutics and mental health sectors, providing CBT-based programs to treat insomnia and anxiety.
With 101–250 employees, Big Health offers personalized digital solutions that are accessible, scalable, and clinically validated, helping millions of users improve sleep, reduce anxiety, and maintain overall mental well-being.
How Much Funding Has Big Health Raised?
- Series A
- Amount Raised: $3.3M
- Date: April 2014
- Lead Investors: Index Ventures
- Motivation: To develop and launch initial digital therapeutics products.
- Series B
- Amount Raised: $12M
- Date: July 2016
- Lead Investors: Octopus Ventures
- Motivation: To expand product offerings and scale operations.
- Series B
- Amount Raised: $39M
- Date: June 2020
- Lead Investors: Gilde Healthcare, Morningside
- Motivation: To enhance the digital therapeutics platform and increase market reach.
- Series C
- Amount Raised: $75M
- Date: January 2022
- Lead Investors: SoftBank Vision Fund
- Motivation: To accelerate commercial growth and launch six new digital therapeutics by 2024.
- Undisclosed Round
- Amount Raised: $5.8M
- Date: October 2024
- Motivation: To further develop products and expand market presence.
Total Funding Raised: $135.1M
Latest Funding Date: October 2024
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund invests in technology-driven companies, making large-scale investments in transformative technologies.
- Investment Focus Areas: Technology, AI, Robotics, Fintech, Healthcare
- Notable Investments: Uber, WeWork, ByteDance
- Kaiser Permanente Ventures
- Details: The venture capital arm of Kaiser Permanente, focusing on healthcare innovation to improve delivery and outcomes.
- Investment Focus Areas: Healthcare, Health IT, Medical Devices, Digital Health
- Notable Investments: Omada Health, Ginger, Livongo
- Octopus Ventures
- Details: Early-stage venture capital firm supporting innovative companies with high growth potential.
- Investment Focus Areas: Health, Fintech, Deep Tech
- Notable Investments: Depop, Cazoo, Secret Escapes
- Gilde Healthcare
- Details: Specialized healthcare investor supporting scalable digital health solutions.
- Investment Focus Areas: Healthcare Technology, Services, Digital Health
- Notable Investments: Acacia Pharma, Lumicks, STAT-Dx
- Morningside Ventures
- Details: Private investment group focused on early-stage life sciences and healthcare companies.
- Investment Focus Areas: Life Sciences, Biotechnology, Healthcare
- Notable Investments: Moderna, Acceleron Pharma, Atea Pharmaceuticals
Where Is Big Health’s Headquarters?
Big Health is headquartered in San Francisco, California, United States, providing access to leading healthcare, technology, and research partners to develop scalable digital therapeutics solutions globally.
What’s Next for Big Health?
Big Health plans to launch six new digital therapeutics by 2024, aiming to expand global reach and impact over 10 million lives worldwide. The company continues to focus on digital CBT programs for insomnia and anxiety, leveraging strategic partnerships with health systems and employers.
Future fundraising is likely, supported by existing and new investors, to scale operations and enhance commercial growth. Key challenges include regulatory compliance, competition, and maintaining clinical validation for digital health solutions.
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