Mindstrong - About the company
Mindstrong is a deadpooled company based in Mountain View (United States), founded in 2014 by Rick Klausner, Paul Dagum and Thomas Insel. It operates as a Provider of an app for text-based cognitive behavioural therapy. Mindstrong has raised $174M in funding from investors like General Catalyst, Bezos Expeditions and Arch Venture Partners, with last known valuation of $*****. The company has 285 active competitors, including 52 funded and 12 that have exited. Its top competitors include companies like Lumosity, Inflow and BigHealth.
Company Details
Mindstrong is a provider of an app for text-based cognitive behavioral therapy for people with mental illness. The platforms can be used by the in-house clinical team to deliver therapy and psychiatry in structured, messaging sessions. The company also developing AI-based solutions for detecting early symptoms of mental disorders.
- Website
- mindstrong.com
- Email ID
- *****@mindstrong.com, *****@mindstrong.com, *****@mindstrong.com
- Registered Address
- Mountain View, California
Key Metrics
Founded Year
2014
Location
Mountain View, United States
Stage
Deadpooled
Total Funding
$174M in 5 rounds
Latest Funding Round
Last Known Valuation
$***** as on May 21, 2020
Investors
Ranked
20th among 285 active competitors
Employee Count
130 as on Dec 31, 2022
Legal entities associated with Mindstrong
Mindstrong is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MINDSTRONG, INC. CIN: 814781291 , United States, Active | Dec 26, 999 | - | 130 (As on Dec 31, 2022) | - |
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Mindstrong's funding and investors
Mindstrong has raised a total funding of $174M over 5 rounds. Its first funding round was on Mar 08, 2017. Its latest funding round was a Series C round on May 21, 2020 for $*****. 7 investors participated in its latest round. Mindstrong has 14 institutional investors.
Here is the list of recent funding rounds of Mindstrong:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 21, 2020 | 5466472 | Series C | 8678765 | 8385028 | 9946710 | 8123537 |
Jan 03, 2019 | 5939685 | Series B | 7008334 | 9458568 | 6252075 | 3912665 |
Jun 14, 2018 | 5695791 | Series B | 9506008 | 6761486 |
View details of Mindstrong's funding rounds and investors
Mindstrong's founders and board of directors
Founder? Claim ProfileHere are the details of Mindstrong's key team members:
- Rick Klausner: Co-Founder of Mindstrong and founder of 1 other company. They are also an angel investor in 3 startups.
- Paul Dagum: Former Co-Founder of Mindstrong and founder of 1 other company.
- Thomas Insel: Former Co-Founder of Mindstrong and founder of 1 other company.
View details of Mindstrong's Founder profiles and Board Members
Mindstrong's employee count trend
Mindstrong has 130 employees as of Dec 22. The total employee count is 8.0% lower than what it was in Dec 21. Here is Mindstrong's employee count trend over the years:
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Mindstrong's Competitors and alternates
Top competitors of Mindstrong include Lumosity, Inflow and BigHealth. Here is the list of Top 10 competitors of Mindstrong, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Lumosity 2005, San Francisco (United States), Series D | Developer of web and app-based games for brain training | $67.4M | 76/100 | |
2nd | Inflow 2020, London (United Kingdom), Acquired | Provider of ADHD symptoms monitoring and a patient community app | $16.7M | 70/100 | |
3rd | BigHealth 2010, San Francisco (United States), Series C | CBT therapy for insomnia patients | $153M | 64/100 | |
4th | Provider of neuroscience-backed brain health assessments and games | $2.5M | 61/100 | ||
5th | Provider of a digital therapeutic software for rehab patients and brain training for professionals | $4.72M | 59/100 | ||
6th | Provider of therapy sessions and exercises for mental health conditions | $2.31M | 58/100 | ||
7th | Provider of neurofeedback system with therapist guidance for brain training | - | - | 57/100 | |
8th | BrainHQ 2002, San Francisco (United States), Series A | Online brain training platform for cognitive improvement and brain health | $11.8M | 56/100 | |
9th | Elevate 2010, San Francisco (United States), Series B | Science-backed brain training app to elevate cognitive skills and mental fitness | $14.8M | 55/100 | |
10th | Daffodil Health 2018, Bengaluru (India), Series A | Mobile assistant for parents of children with special needs | $20.9M | 54/100 | |
20th | Mindstrong 2014, Mountain View (United States), Deadpooled | Provider of an app for text-based cognitive behavioural therapy | $174M | 42/100 |
Looking for more details on Mindstrong's competitors? Click here to see the top ones
Mindstrong's Investments and acquisitions
Mindstrong has made no investments or acquisitions yet.
News related to Mindstrong
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SonderMind acquires technology from Mindstrong ahead of digital health startup’s shutdownMedTech Dive•Mar 23, 2023•Mindstrong
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Mindstrong sells tech assets to SonderMind, shuts down operationsMobiHealthNews•Mar 22, 2023•Mindstrong, SonderMind
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With an ex-Uber exec as its new CEO, digital mental health service Mindstrong raises $100 millionTechCrunch+•May 21, 2020•Mindstrong, General Catalyst, Arch Venture Partners, Optum Ventures and 13 others
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AI in Mental Health and Well-being – Current Applications and TrendsEmerj•Jan 16, 2020•Ginger, Wysa, Woebot, Marigold Health and 1 other
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Mindstrong Health Expands Executive Team to Advance Technology for New Virtual Mental Health Care ModelGlobeNewswire•Dec 09, 2019•Mindstrong, Google, Uber
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Mindstrong Selected as a Winner of FierceMedTech’s 2018 Fierce 15Fierce Biotech•Feb 11, 2019•Mindstrong
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