Big Health Inc

Big Health Inc is a digital health company focused on improving mental well-being through innovative programs that address anxiety, sleep disorders, and low mood, enhancing user accessibility to mental health care. Founded in 2010 in San Francisco, US, Big Health Inc develops digital solutions for mental health. The company has raised a total of USD 75. 00 mn across 4 deals, with the latest Series C funding round completed on January 19, 2022, led by SB Investment Advisers and participated by other notable investors.

The founders, Colin Espie and Peter Hames, have a history of innovation in the mental health space, with Hames serving as the current CEO alongside Arun Gupta. Big Health offers a comprehensive suite of digital mental health programs designed to enhance the well-being of users facing various mental health challenges, specifically targeting generalized anxiety disorder, sleep issues, and low mood. Their core product offerings include Sleepio, a program aimed at improving sleep quality through cognitive and behavioral techniques; Daylight, which helps individuals manage anxiety and worry; and Spark Direct, focused on enhancing mood and overall well-being. These digital solutions are accessible anytime and anywhere, providing users with the ability to engage with mental health care without the traditional barriers associated with in-person therapy.

Big Health serves a diverse client base that includes employers, health plans, and benefit consultants primarily in the United States, with plans to expand into additional international markets. The revenue model for Big Health is primarily based on a subscription structure, where organizations such as employers and health plans pay for access to their mental health programs. This business-to-business model allows companies to offer these valuable resources as part of their employee benefits packages, enhancing the mental health support available to their workforce. Transactions typically involve a partnership agreement, where the client pays a set fee for the use of flagship products like Sleepio, Daylight, and Spark Direct, thereby providing their employees with access to these digital mental health solutions.

Specific pricing plans are aligned with the needs of the organizations they serve, with options available for different scales of deployment to suit various client sizes, from small businesses to large enterprises. Following the recent funding round in January 2022, where Big Health raised USD 75. 00 mn, the company plans to accelerate its commercial growth and product strategy. They aim to launch new digital therapeutics by 2024 and are targeting expansion into international markets to broaden access to their mental health solutions.

The funds will support these initiatives by enhancing product development and facilitating entry into new geographical regions.