Digital behavioral health company SonderMind has acquired mental health management app Total Brain for an undisclosed amount.
The acquisition is expected to help SonderMind expand its services to offer personal-self care and mental health self-tracking tools. In turn, these data points can help therapists track clinical measurement-based outcomes and create personal care plans.
Denver, Colorado-based SonderMind is focused on matching patients to in-network therapists that fit their individual needs. It also provides clinicians with digital tools including note-taking assistants, telehealth capabilities, outcome measurements, secure messaging and direct booking.
San Francisco, California-based Total Brain will bring to the acquisition an app that can help clients self-monitor a number of brain functions including planning, focus, emotional awareness and stress. Clients can also measure stress levels over time and get personalized self-care recommendations.
Additionally, the app is designed to screen for common mental health conditions.
“Today, your coffee shop app has more information about you to deliver personalized service than the first time you see your therapist,” Mark Frank, co-founder and CEO of SonderMind, said in a statement. “Building on the foundation of the high-quality therapy SonderMind clinicians are delivering today, Total Brain will help us change this status quo. We can help individuals get better, faster by leveraging their science-informed application to allow people to better understand their mental and emotional state, as well as engage with SonderMind to address those needs through both digital and therapeutic methods.”
Founded in 2014, SonderMind has caught investor attention. In 2021, the company announced a $150 million Series C funding round, which brought its total amount raised to $183 million. At the time of the investment, the company’s valuation was north of $1 billion.
SonderMind currently works in 15 states and Washington, D.C. It works with “all major insurance carriers.”
Digital health M&A deals have begun to slow. In the first three quarters of 2022, there were 69 digital health deals, according to research firm Rock Health. In comparison, 2021 closed with 173 digital health deals.
Yet there have been a number of digital health deals focused on the behavioral health space over the last year. For example, in September, Headspace Health acquired Shine, a mobile mental health company focused on inclusion. Headspace Health was created when meditation app Headspace merged with virtual mental health provider Ginger in 2021.
Additionally, in May digital alcohol recovery program Monument purchased virtual addiction treatment company Tempest for an undisclosed sum.
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