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Elemy

Mental Health Tech
Product stageSegments
Growth
?
Telepsychiatry/Teletherapy Platforms
?

Florida-based Elemy (formerly known as Sprout Therapy) provides in-home and online behavioral care services for children diagnosed with autism. The platform matches children with a network of therapists, board-certified behavior analysts, and registered behavior technicians who design personalized treatment plans based on applied behavioral analysis (ABA) therapy, examining and altering treatment based on how patients react to stimuli. 

Elemy claims its onboarding process only takes 12 weeks compared to an industry average of six months to two years. It reported an 85% average reduction in problem behaviors in the first six months.

The tech-enabled platform also facilitates autism diagnosis and video consultations with its care team. Elemy partners with Medicaid programs and insurance providers to offer its services.  By October 2021, the company had more than 1,000 clinicians operating across 13 US states and it planned to grow this number to 3,000 during the following 18 months. The company reported a 19x YoY revenue growth at the end of August 2021 and was expected to record USD 100 million by summer 2022. 

The company reached unicorn status in October 2021, after concluding a Series B funding round led by SoftBank Vision Fund 2, which valued Elemy at USD 1.15 billion. The funds were to be used to expand into additional therapeutic areas, enhance its technological capabilities, and hire additional staff.

Mental Health Tech

Mental Health Tech

Key stats
Featured companies
198
Total funding (USD)
11.7 Bn
Total addressable market (USD)
94.3 Bn
Key competitors
 
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Product Overview
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Company profile
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Company Brief


HQ location:
San Francisco CA USA
Founded year:
2019
Employees:
501-1,000
Total Funding:
USD 323.0 million
Last Funding
USD 219.0 million, Oct 2021

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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