COMPANY INFO
Big Health Inc., founded in 2010 by Peter Hames and Dr. Colin Espie, is a digital therapeutics company headquartered in San Francisco, CA, with approximately 251 employees as of late 2023. The company specializes in cognitive behavioral therapy (CBT) programs for mental health, notably its flagship product Sleepio, a clinically proven digital sleep improvement program designed to help users overcome insomnia and improve overall mental health through personalized, scalable digital medicine solutions. Their website is www.bighealth.com.
Big Health is a leading digital therapeutics company founded in 2010 by Peter Hames and Dr. Colin Espie. Headquartered in San Francisco, CA, Big Health operates within the mental health care industry and focuses on innovative, clinically validated solutions for insomnia and other mental health conditions. With around 251 employees as of late 2023, the company’s flagship product, Sleepio, provides cognitive behavioral therapy (CBT) for better sleep and mental well-being through scalable digital medicine.
Big Health funding history exemplifies a strategic approach to growth and market leadership in the digital mental health sector. To date, Big Health has raised approximately $129 million over four major funding rounds, focusing on expanding commercial operations, product development, and broadening access to digital therapeutics. Notable funding milestones reflect the company's commitment to accelerated innovation, market expansion, and partnerships with major investors to drive adoption of their mental health solutions.
This Series C funding round was designed to accelerate Big Health’s commercial growth, expand reimbursement models, and support the launch of six new digital therapeutics by 2024. The round was led by SoftBank Vision Fund 2 and marked a significant expansion in both product footprint and commercialization capabilities.
Big Health’s Series B round was primarily used to fuel commercial growth and enhance its digital therapeutics platform. Funding supported the scaling of user reach and development of new product features to boost mental health outcomes. Gilde Healthcare led this round.
The Series A funding round enabled Big Health to scale its core product, Sleepio, and pursue market expansion. This capital injection facilitated technology upgrades and entry into new regional and industry markets. Index Ventures served as the lead investor.
Big Health’s initial seed funding supported the company’s launch and early product development. Octopus Ventures backed this round, helping to bring digital CBT for insomnia to market for the first time.
SoftBank Vision Fund played a critical role as the lead investor in Big Health’s Series C round, providing capital to drive expansion and support multiple new product launches. Their involvement has been pivotal in shaping the company's commercial trajectory and long-term strategy.
Kaiser Permanente Ventures has consistently supported Big Health’s mission to revolutionize mental health care through digital therapeutics. Their strategic investments have provided the company with crucial healthcare industry connections and validation.
Octopus Ventures led the seed round funding for Big Health, enabling the company to develop and launch its first product. Their early-stage support was foundational for the company's growth and innovation in digital mental health.
Gilde Healthcare was the lead investor for the Series B round, which helped fuel commercial growth and enhance product capabilities. Their expertise in healthcare investments guided Big Health’s expansion into larger markets.
Morningside Ventures has participated in key funding rounds and played a strategic role in facilitating Big Health’s growth, especially in global business development and technology strategy.
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