Cerebral: Raises $127M in Series B Funding

Cerebral Raises $127M in Series B Funding

• Cerebral, Inc., a San Francisco, CA-based online provider of psychiatric and behavioral therapy services, received $127m in Series B funding
• The company intends to use the funds to further expand its services and products, add several new mental health verticals to its treatment offerings
• The platform will also add group therapy to its services
• The company has introduced medication management and behavioral health services to every state in the U.S.
• A major focus for Cerebra’l will be on expanding its in-network insurance options
• The company expects to cover over 100 million lives via in-network insurance by the end of 2021