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Cerebral is on a mission to democratize access to high-quality mental health care for all.
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103% employee growth in 12 months
Awareness around mental health has grown massively in recent years, but for many people, access to proper support is still limited. Cerebral is setting out to change this with its range of online therapy services.
Cerebral offers regular assessments, counseling, medication and other therapeutic services for a fixed monthly cost. Compared to traditional mental health services, their solutions are cheaper, faster and easer to use. Their approach has proven incredibly successful, and the company is now valued at around $1.23 billion dollars.
Despite rapid growth in 2020 and 2021 off the back of significant funding, the company has cut back its employee base after issues were raised concerning its prescribing, social media marketing, and data-sharing practices. Faced with a subpoena after potential breaches of the Controlled Substances Act, Cerebral no longer prescribes prescription medication. With a leadership change and 15% less staff, it's definitely concerning that such a young and once-successful company has had such a fast change of fortunes.
Kirsty
Company Specialist at Welcome to the Jungle
David Mou
(CEO)Currently part-time Director of Innovations Council at MGH Psychiatry at Massachusetts General Hospital, Member of the Janssen's Neuroscience Strategy Executive Council and Advisor at COMPASS Pathways. Previously Co-Founder and President at Valera Health.
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