Somatic Holdings, Inc.

Somatic Holdings, Inc. is a health and wellness company focused on developing digital therapeutic solutions that enhance mental health through innovative applications and cognitive behavioral therapy techniques. Founded in 2018 and headquartered in New York, US, Somatic Holdings, Inc. specializes in digital therapeutic products aimed at mental health improvement.

The company completed a Series A funding round on February 17, 2022, raising USD 7. 16 mn, bringing the total amount raised to USD 7. 16 mn. The CEO, Michael Levy, leads the company, which has engaged in 5 deals to date, with a current company valuation of USD 35.

704 mn. Somatic specializes in innovative solutions within the health and wellness sector, focusing on digital therapeutic products aimed at enhancing mental health and well-being. Their core offerings include a suite of interactive applications that leverage cognitive behavioral therapy (CBT) techniques to assist users in managing anxiety, stress, and other mental health challenges. These applications are designed for a diverse clientele, including individuals seeking personal wellness solutions, healthcare providers looking to integrate technology into their practice, and corporate clients wanting to promote employee mental health.

The company’s products are accessible primarily in North America and Europe, positioning them strategically in markets where mental health awareness and digital health solutions are on the rise. Somatic generates revenue through a subscription-based model for its digital therapeutic products, where clients pay for access to a range of services that promote mental wellness. The transaction structure typically involves direct-to-consumer sales, as well as partnerships with healthcare providers who incorporate the solutions into their patient care plans. This dual approach broadens their customer base and enhances the value proposition for individual users and institutional clients alike.

The pricing plans are structured to cater to different user needs, with packages varying by features and access levels, reflecting the company's commitment to providing scalable solutions that can adapt to various market segments. Following the Series A funding round completed on February 17, 2022, which raised USD 7. 16 mn, Somatic Holdings, Inc. plans to expand its product offerings and geographical reach.

The company is currently designing new digital therapeutic applications set for release in the upcoming year, aimed at addressing a wider array of mental health challenges. Additionally, Somatic is targeting expansion into the Asian markets by the end of 2023, aiming to capitalize on the increasing demand for mental health solutions in those regions.