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New Deal


Announced

Access Industries led a $127m Series B round in Cerebral.

Financials

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Transaction Value£89m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Friendly

Single Bidder

United States

Acquisition

online health care

Completed

behavioral therapy

Minority

Domestic

Private Equity

Health Care Services

Venture Capital

Synopsis

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Access Industries led a $127m Series B round in Cerebral, an online provider of psychiatric and behavioral therapy services, with participation from WestCap, Silver Lake Waterman, Artis Ventures, Bill Ackman, Oak HC/FT, Chris Burch and AirAngels. "I am humbled to work with a talented, mission-driven team to transform access to high-quality mental health care and provide the best care to everyone who needs it. We will not stop building, growing, and iterating until everyone, everywhere can access high-quality mental health care without the high cost, wait times, and stigma seen in traditional care," Kyle Robertson, Cerebral Founder and CEO.

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