The mental health tech space raised $5 billion and created nine new mental health unicorns in 2021, according to new data from CB Insights.
The number of unicorns — companies that have a valuation of at least $1 billion — is up 150% compared to last year, Behavioral Health Business reports. They are almost all based in the United States.
The largest equity rounds raised during Q4 2021 came from BetterUp and Cerebral, which each raised $300 million according to CBI. As far as the overall market, there were 15 companies that raised over $100 million, which is more than triple last year. Read more.
