SoftBank Vision Fund 2 Backs Cerebral at $4.8 Billion Valuation

Cerebral Inc., a startup that provides mental-health services, said its valuation roughly quadrupled to $4.8 billion after raising $300 million in an equity funding round led by SoftBank Vision Fund 2.

Prysm Capital, Len Blavatnik’s Access Industries, WestCap Group and Artis Ventures also participated, Chief Executive Officer Kyle Robertson said in an interview.

“We’re growing incredibly rapidly because there’s so much unmet need,” Robertson said. “We’re not going to stop building and iterating until everybody has access to high-quality mental health care regardless of their economic or insurance status.”

Cerebral, which counts gymnastics champion Simone Biles as an ...