Cerebral Raises $300M as Valuation Hits $4.8B, Eyes Expansion and M&A

Online mental health company Cerebral announced on Wednesday that it has raised $300 million in Series C investments, bringing the total amount raised by the company to $462 million. Funding for Cerebral’s round was led by SoftBank Vision Fund 2, which is a venture capital fund of SoftBank Group. The round also drew participation from […]

Google Taps Headspace Executive for Mental Health Leadership Role

After reorganizing its health division, Google has made a new hire with the addition of Megan Jones Bell as its clinical director of consumer and mental health. The tech giant made the announcement in a press release Tuesday, with Bell assuming her new role this week. Bell arrives at Google from Headspace Health, where she […]

Headspace Health CEO Talks the Future, More Acquisitions, and IPO Possibility

For Russ Glass, CEO of the newly formed Headspace Health, scaling up the business he leads comes with a strategic and moral imperative — the question now is how and where Headspace Health should make its moves. Glass formerly led San Francisco-based on-demand virtual behavioral health Ginger.io Inc. which merged with Santa Monica, California-based Headspace […]

Ginger and Headspace Finalize Merger, Creating $3B Behavioral Health Platform

Less than two months after announcing the deal, Ginger and Headspace have now officially merged to create a company valued at more than $3 billion. The newly-combined Headspace Health brings together Ginger’s therapy, counseling and coaching services with Headspace’s mindfulness and meditation offerings. The company will serve more than 100 million customers and over 2,700 […]

Former Calm and Ginger Executive Joins BetterUp Care as President

BetterUp, a behavioral health unicorn company that provides virtual counseling and coaching services, has named Omar Dawood as president of its BetterUp Care offering. Launched in February, BetterUp Care links users to one-on-one coaching with behavioral health specialists, as well as on-demand support for issues pertaining to parenting, nutrition and sleep. Curated content, group coaching […]

Spring Health Hits $2B Valuation After New $190M Funding Round

Behavioral health benefits company Spring Health announced Thursday that it has raised $190 million in a Series C round led by Swedish growth investment firm Kinnevik. The round included a number of participants, including several existing investors, as well as the Guardian Life Insurance Company of America, which is a new investor. Spring Health reported […]

The Coaching Opportunity: How Lower-Level Clinicians Can Improve Treatment of Eating Disorders, Other Behavioral Conditions

Eating disorders are among the most deadly and pervasive behavioral conditions, afflicting an estimated 30 million Americans and twice as many people worldwide as they did back in 2000. The pandemic has only made things worse: Calls to eating disorder hotlines have surged since March of last year. And as is true across the behavioral […]

Inside the Giant Ginger-Headspace Merger, What It Means for Behavioral M&A

Ginger and Headspace made huge waves in the behavioral health space Wednesday when they announced plans to merge and form Headspace Health. The combined company will boast a comprehensive set of virtual mental health offerings and a valuation north of $3 billion, while allowing Ginger and Headspace to retain their respective brands underneath the Headspace […]

Behavioral Health Unicorns Ginger, Headspace to Merge

Ginger and Headspace have entered into a definitive agreement to merge and form Headspace Health, which will be the world’s most accessible, comprehensive digital mental health platform. Terms of the deal were not disclosed. The new company will reach nearly 100 million people across more than 190 countries through its direct-to-consumer, enterprise and health plan […]

Ginger Dives into Medicaid with New AmeriHealth Caritas Partnership

Ginger is diving into Medicaid through a new partnership with AmeriHealth Caritas District of Columbia. Under the agreement, all 110,000 AmeriHealth Caritas DC Medicaid plan enrollees will have access to Ginger’s full suite of virtual mental health services for free. The announcement comes just a few months after Ginger CEO Russ Glass shared his ambitions […]