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New Deal


Announced

Completed

Drive Capital and Premji Invest led a $150m Series C funding round in SonderMind.

Financials

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Transaction Value£108m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

mental health

Medical Services

Private Equity

Friendly

Venture Capital

Completed

Single Bidder

United States

Acquisition

Cross Border

Minority

Synopsis

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Drive Capital, a venture capital firm, and Premji Invest, an office specializing in private equity and venture capital investments, led a $150m Series C funding round in SonderMind, a company specializing in improving mental health clinical outcomes. Additional investors included General Catalyst, Partners Group, Smash Ventures, Kickstart Fund, and F-Prime Capital. “I co-founded SonderMind in large part because of my frustration in trying to identify the right therapist who could help with my unique needs, had availability, and accepted my insurance. Getting high-quality behavioral health support should be simple and result in a great match,” Mark Frank, SonderMind Co-Founder and CEO.

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