Simone Biles-backed mental health startup vaults to $4.8 billion value

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Monday, December 13, 2021
Simone Biles named Time Magazine's Athlete of the Year
The star gymnast who calls the Houston area home is being recognized for putting mental health over competition after her emotional Tokyo Olympics.

HOUSTON, Texas -- Less than two months after Olympic gymnastics star Simone Biles of Spring joined mental health startup Cerebral as chief impact officer, the company has raised $300 million in venture capital - a sum that vaulted it to a valuation of $4.8 billion.

SEE ALSO: Simone Biles' emotional 2021 leads to Time Magazine's Athlete of the Year honor

San Francisco-based Cerebral announced the $300 million round on Dec. 8. SoftBank Vision Fund 2 led the Series C round, with participation from Prysm Capital, Access Industries, WestCap Group, and ARTIS Ventures.

Launched in January 2020, Cerebral has raised a total of $462 million from investors, including an undisclosed amount from Biles.

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