Sphere Health

Comprehensive, innovative mental healthcare for everyone.
Austin

About Sphere Health

FDA-Approved, modern mental health treatment coverage for every employee in the Sphere member network.
Say goodbye to empty networks and months before approvals for treatment. Say hello to the right treatments, at the right time, to your employees who need it the most.

When companies provide Sphere coverage to their employees, they receive access to effective modern psychedelic treatments — including Spravato™, dTMS, and SAINT — without having to worry about the cost.

Problem statement

For too long, employers have been paying a hefty price for poor care.
It hurts employees and exacerbates the mental health crisis on an everyday basis.

We think there’s a better way to solve this problem by giving people what they need—access to gold standard, FDA-approved mental health therapies through employer benefits that work in your favor, rather than against it.

Traction information

• Currently Raising a $4M Seed
• $300K in Traction in 2020
• $288K in Traction in 2021 + $550K in ARR
• 50%+ Profit Margin
• Recurring Revenue Model
• Forecasting $2M in signed ARR for 2022
• Diversified revenue streams (DTC, B2B, pharmacy, research, consulting, supervision, WC, disability)

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