How Much Did SonderMind Raise? Headquarters, Funding & Key Investors

SonderMind has raised a total of $276 million in funding to date, including a $150 million Series C round led by Drive Capital and Premji Invest in July 2021. Founded in 2014, the Denver-based platform offers virtual and in-person therapy and psychiatry services across mental-health needs such as anxiety, depression, PTSD, ADHD, and eating disorders. Backed by prominent investors and valued at approximately $1 billion as of July 2021, SonderMind is focused on expanding nationwide and streamlining access to behavioral healthcare.

How Much Did SonderMind Raise? Funding & Key Investors

SonderMind, founded in 2014 in Denver by Mark Frank and Sean Boyd, is a healthcare booking platform providing accessible mental health services, including virtual and in-person therapy and psychiatric care. Its integrated provider network streamlines patient-clinician matching while reducing administrative burdens for therapists. The company has raised $276M across multiple funding rounds, led by investors like Drive Capital and Premji Invest, reaching a $1B valuation in 2021. SonderMind plans to expand nationwide, grow its therapist network, and enhance AI-driven clinical care and patient matching.

What Is SonderMind and What Does It Do?

SonderMind, founded in 2014 by Mark Frank and Sean Boyd, is a Denver-based (United States) healthcare booking platform company.

With a team of between 251 and 500 employees (specifically 261 as of December 2024), it provides accessible mental health services, including therapy and psychiatric care, both virtually and in-person.

The company’s integrated provider network enables users to quickly match with licensed clinicians while reducing administrative burdens for therapists so they can focus on patient care.

How Much Funding Has SonderMind Raised?

Convertible Note
- Amount Raised: $0.535 million
- Date: December 2017
- Motivation: To support early-stage operations and product development.
Seed Round
- Amount Raised: $2.5 million
- Date: May 2018
- Lead Investors: Kickstart
- Motivation: To expand the team and enhance the platform’s capabilities.
Series A
- Amount Raised: $3 million
- Date: April 2019
- Lead Investors: Dioko Ventures
- Motivation: To scale operations and increase market reach.
Series B
- Amount Raised: $27 million
- Date: April 2020
- Lead Investors: General Catalyst
- Motivation: To accelerate growth and expand service offerings.
Series C
- Amount Raised: $150 million
- Date: July 2021
- Lead Investors: Drive Capital, Premji Invest
- Motivation: To expand into all fifty states and enhance the platform for clinical care.

Total Funding Raised: $276 Million

Current Valuation: $1 Billion (as of July 2021)

Latest Funding Date: July 2021

Key Investors

Drive Capital
- Details: Venture capital firm that co-led SonderMind’s Series C round.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Root Insurance, Olive AI, Duolingo.\
Premji Invest
- Details: Investment arm of Azim Premji’s endowment and philanthropic initiatives; co-led the Series C.
- Investment Focus Areas: Technology, financial services, healthcare.
- Notable Investments: Snapdeal, PolicyBazaar, Anaplan.\
General Catalyst
- Details: Growth-stage VC that led the Series B funding round.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Airbnb, Stripe, Gusto.\
Dioko Ventures
- Details: Early-stage VC that led the Series A round.
- Investment Focus Areas: Early-stage technology and healthcare.\
Kickstart
- Details: Seed stage VC that led the Seed round.
- Investment Focus Areas: Early-stage technology, healthcare.
- Notable Investments: Podium, Lucid Software, Stance.

Where Is SonderMind’s Headquarters?

SonderMind is headquartered in Denver, Colorado, United States. Denver offers strategic advantages, including proximity to a growing tech and healthcare ecosystem, access to a strong clinician workforce, and lower operational cost compared with coastal hubs. This location supports SonderMind’s mission of scaling its mental-health platform nationwide while managing operations effectively.

What’s Next for SonderMind?

SonderMind is focused on national expansion, aiming to serve clients across all 50 states and enhance its platform’s clinical technology capabilities. Key initiatives include expanding its therapist network, enhancing patient matching through data and AI, and forming partnerships with payers and healthcare systems to drive measurable outcomes.

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