Below is a list of mental health unicorns, and their large-scale competitors, ranked by valuation
| Company/ownership | Reach | Valuation |
|---|---|---|
| LifeStance Health Group Type: Public |
LifeStance clinicians served 357,000 patients in 2020 and completed 2.2 million total visits, according to a S-1 filing with the U.S. Securities and Exchange Commission. | LifeStance raised $720 million through an initial public offering in June, valuing the company at nearly $8 billion. |
| Investment details: LifeStance generated revenue of $143 million in the quarter ended March 31, up from $73.1 million during the same period in 2020. The company reported a net loss of $8.7 million at the end of the first quarter. | ||
| Lyra Health Type: Private |
The company said its reach spans 2.2 million people globally, although not all have downloaded the app. | $4.6 billion |
| Investment details: Lyra Health has raised $675.1 million in venture funding, according to Crunchbase. The company raised its most recent Series F round of $200 million in June, led by Coatue Management. | ||
| Genoa Healthcare Type: Subsidiary of UnitedHealth Group |
The company said it serves 800,000 patients. | $2.5 billion |
| Investment details: In 2018, UnitedHealth Group purchased Genoa Health for $2.5 billion, which reportedly represents the largest acquisition of a mental health startup to date. | ||
| Calm Type: Private |
Calm's app has reportedly been downloaded onto 100 million phones. | $2 billion |
| Investment details: The company has raised $218 million in total venture investment, according to Crunchbase. Calm raised its most recent Series C round of $75 million in December 2020, led by Lightspeed Venture Partners. | ||
| BetterUp Type: Private |
100,000 patients | $1.73 billion |
| Investment details: Venture investment totals $269.8 million, according to Crunchbase. The most recent Series D round of $125 million raised in February, led by ICONIQ Growth. In March, Prince Harry joined BetterUp as its chief impact officer. | ||
| Talkspace Type: Public |
At the end of March, Talkspace reported that 60.3 million consumer and business clients have at least downloaded the app. | $1.4 billion |
| Investment details: Talkspace went public through a special purpose acquisition company in June. The company has raised $113.7 million in total venture investment, according to Crunchbase. | ||
| Modern Health Type: Private |
Undisclosed | $1.17 billion |
| Investment details: Modern Health has raised $167.4 million in total venture investment, according to Crunchbase. The company's most recent Series D round of $74 million raised in February, led by Founders Fund. | ||
| Ginger Type: Private |
Ginger said it has access to 25 million members. | $1.1 billion |
| Investment details: Ginger has raised $220.7 million in total venture investment, according to Crunchbase. The company raised its most recent $100 million Series E round in late March. In a release, Ginger said it has tripled its revenue over the past year. | ||
| Headspace Type: Private |
Headspace said it counts 62 million downloads across 190 countries, and more than 2 million paid subscribers. | Less than $1 billion |
| Investment details: Headspace has raised $215.9 million in total venture investment, according to Crunchbase. The company's most recent Series C round of $47.7 million was raised in June 2020. | ||