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SonderMind Raises $3 Million in Series A Financing to Advance its Mission of Making Behavioral Health More Accessible, Approachable and Utilized

1126 Days ago

Jonathan S. Bush appointed to SonderMind Board of Directors

DENVER, April 23, 2019 (GLOBE NEWSWIRE) -- SonderMind Inc., a company dedicated to making behavioral health more accessible, approachable and utilized, today announced the successful completion of a $3 million Series A financing. The round was led by Diōko Ventures (managed by FCA Venture Partners), which invests in fast-growing healthcare companies and included other new investors Jonathan Bush, Crawley Ventures, Notley Ventures and Preview Ventures. In addition, existing investors Kickstart Seed Fund, Lanoha Ventures and other shareholders also participated in the Series A.

The Series A funds will be used to support the ongoing launch of SonderMind’s behavioral health solution, the SonderMind Solution™, designed to make supportive mental health therapy easier to initiate, coordinate and reimburse. Proceeds will be used to hire key personnel to support program and technology initiatives required to scale SonderMind’s offering across the country. The Company, which currently operates the largest integrated network of community behavioral health professionals in Colorado, plans to use the funds to expand to Austin, Texas and Phoenix, Arizona. 

“SonderMind is committed to making access to therapists and behavioral healthcare professionals easier so that people can find the right provider, schedule visits easily and use their insurance to pay for the support they need,” said Mark Frank, co-founder and chief executive officer of SonderMind. “For mental health providers, the SonderMind Solution™ includes a lightweight electronic health record system, practice management tools and access to a matching platform that takes into account clinical match and mutual preferences, all of which allows providers to focus on providing great care, while SonderMind takes care of the rest.”

Frank added, “We want to repair the current state of behavioral health access so that people seeking help can find and manage treatment more easily - including avoiding difficult insurance experiences. We are excited to be expanding SonderMind beyond our initial launch in Colorado to two more states this year.”

As SonderMind executes on its growth strategy, it has appointed Jonathan S. Bush to its Board of Directors who will join existing board members, Curt Roberts (Kickstart Seed Fund) and Mark Frank. Mr. Bush co-founded and was the CEO, President, and Chairman of the Board of Athenahealth (acquired by Veritas Capital in February 2019), a leading provider of network-enabled services for hospital and ambulatory customers nationwide. Previously, Mr. Bush worked as a management consultant in the health care practice of Booz Allen & Hamilton, was trained as a medic in the U.S. Army, and served as an EMT for the City of New Orleans.

About the SonderMind Solution™
For mental health providers, SonderMind enables clinicians to thrive in private practice by focusing on delivering great care, instead of running a business. The SonderMind Solution™ takes care the rest: matching clients who are a clinical fit, payments, full technology suite and a supportive team of behavioral health experts. The technology suite includes lightweight electronic health record system, mobile app with voice notes functionality, calendar and messaging.

For people seeking mental health support, the SonderMind Solution™ offers connection to a licensed behavioral health professional when they need it most. The SonderMind team ensures that a client is quickly matched to a high-quality, vetted therapist who fits the needs around clinical focus, insurance acceptance, convenience and more.

About SonderMind
SonderMind is becoming the preeminent national behavioral health marketplace by enabling consumers to quickly find and access a trusted, well-matched therapist, while enabling therapists to focus on providing excellent patient care, not worrying about administrative and billing issues. For more information, please visit sondermind.com.

Source: SonderMind, Inc.

Denise Powell
Red House Consulting

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