Funding round
Cerebral Series A
Cerebral, which works in telehealth mental health services in Claymont, raised $35M in a Series A round announced on 7 Oct 2020, led by Oak HC/FT. 5 firms took part. It is Cerebral's first venture round on record.
$35M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Cerebral did not disclose a valuation in this round. It is Cerebral's first venture round on record, in the year it was founded (2020). It is 7.6% of the $462M Cerebral has raised in the venture rounds on record. Cerebral raised again 8 months later: a Series B round of $127M in Jun 2021, at $1.20B post-money.
Investors
Who put money in
Oak HC/FT led the round with 4 other firms.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
13 Series A rounds in Psychologists & Counseling Services within a year either side disclosed an amount; the median was $11M, and this round was 3.2 times the median. The closest in time, other companies' Series A rounds in Psychologists & Counseling Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Psychologists & Counseling Services | 18 Nov 2020 | $26M | not disclosed | Thrive Capital and GV |
| Psychologists & Counseling Services | 5 Nov 2020 | $17M | not disclosed | not named |
| Psychologists & Counseling Services | 6 Jan 2021 | $10M | not disclosed | VMG Partners |
| Psychologists & Counseling Services | 14 Jan 2021 | $10M | not disclosed | Webrock Ventures and Sciety |
| Psychologists & Counseling Services | 10 Feb 2021 | $13M | not disclosed | Optum Ventures |
| Psychologists & Counseling Services | 12 May 2020 | $8.1M | not disclosed | Foundry |
| Psychologists & Counseling Services | 1 Apr 2021 | $11M | $68M | not named |
| Psychologists & Counseling Services | 17 May 2021 | $9.9M | not disclosed | InHealth Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Cerebral raise in its Series A round?
Cerebral raised $35M in its Series A round, announced in Oct 2020.
Who led Cerebral's Series A round?
Oak HC/FT led it, with WestCap, Liquid 2, Gaingels and Air Angels.
What was Cerebral's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Psychologists & Counseling Services?
13 Series A rounds in Psychologists & Counseling Services within a year either side disclosed an amount; the median was $11M, and this round was 3.2 times the median.
Did Cerebral raise again after this round?
Yes: a Series B round in Jun 2021 of $127M at $1.20B post-money.