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- Elemy
Elemy Valuation, Funding & Investors
Elemy is valued at $1.1B as of October 2021.
Last Elemy valuation
$1.1B
Series B · Oct 2021
Last Elemy funding round
$219M
Series B · Oct 2021
Cumulative funding Elemy raised
$323M
across 3 funding rounds
Key investors in Elemy
General Catalyst
Felicis
Bling Capital
SoftBank Group
Founders Fund
8VC
About Elemy
Elemy is a provider of in-home behavioral and mental healthcare for children nationwide. Denver-headquartered, it launched autism care services in April 2020 before expanding to ADHD, OCD, anxiety, depression, social anxiety, and bipolar disorder. The platform integrates telehealth scheduling, progress tracking, and multidisciplinary teams of therapists, behavior analysts, and psychiatrists delivering whole-child treatment models. Elemy partners with insurers like UnitedHealthcare and Aetna, focusing on underserved families in 25 states with outcomes including doubled therapy adherence rates.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Services, Subscription
Valuation
$1.1B (Oct 2021)
Elemy Valuation
Elemy is currently valued at $1.1B, based on its Series B in October 2021.
The $219M round was led by Goodwater Capital, Premji Invest and SoftBank Group.
Elemy's valuation has moved from $1.1B at its Series A in March 2021 to $1.1B in October 2021, across 2 priced rounds.
Elemy valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Series B | $1.1B |
| Mar 2021 | Series A | $1.1B |
Elemy Funding History
Elemy has raised a total of $323M across 3 funding rounds.
Elemy's first fundraising round was a $10M seed round in July 2020. The most recent completed round was a $219M Series B in October 2021.
Elemy funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Series B | Goodwater Capital (lead); Premji Invest (lead); SoftBank Group (lead) | $219M | $1.1B | Elemy, formerly Sprout Therapy, is a San Francisco-based digital health company providing in-home and online pediatric behavioral health care for children with autism and other conditions, matching families with clinicians, behavior analysts, and therapists via telehealth to reduce wait times and use data for personalized treatment. The company raised $219 million in a Series B round around June/October 2021, led by SoftBank Vision Fund 2, co-led by Goodwater Capital and Premji Invest, with participation from Amity Ventures, Avidity Partners, Metrodora Ventures, Sound Ventures, Whale Rock Capital, and prior investors including General Catalyst, bringing total funding to $270 million. This round valued Elemy at $1.15 billion post-money, achieving unicorn status, with plans to expand staff beyond 1,000 employees, reach more states beyond the current 14, invest in R&D for technology enhancements, and enter new behavioral care areas. Elemy reported a 19x year-on-year revenue increase by end of August 2021 compared to August 2020, alongside rapid growth from 109 employees at seed to over 1,000, delivering care across 14 states, with patients showing 83% reduction in problem behaviors and 88% gain in new skills after six months. |
| Mar 2021 | Series A | General Catalyst (lead); Sound Ventures; SignalFire; 8VC; Felicis; Kyle Lui; ICLUB VC; Founders Fund; Bling Capital; Headline | $94M | $1.1B | Elemy, formerly known as Sprout Therapy, is an online pediatric behavioral health startup based in San Francisco that provides in-home and online care services for children with autism and other behavioral health conditions. The company pairs licensed clinicians with proprietary technology to deliver quality behavioral health treatment. Elemy was founded just over a year before its Series B round and rapidly scaled from 109 employees at seed stage to over 1,000 employees by the time of the Series B, operating in 14 states. The company raised $219 million in Series B funding led by SoftBank Vision Fund 2 and co-led by Goodwater Capital and Premji Invest, achieving a post-money valuation of $1.15 billion and reaching unicorn status. The Series B round closed on October 7, 2021, with participation from investors including Amity Ventures, Avidity Partners, Chelsea Clinton's Metrodora Ventures, Ashton Kutcher and Guy Oseary's Sound Ventures, Whale Rock Capital, and continued participation from earlier investors Bling Capital, Felicis Ventures, Founders Fund, General Catalyst, Headline, SignalFire, TABLE Management, and 8VC. The company demonstrated strong growth with a 19x year-on-year increase in revenue comparing August 2021 to August 2020. Elemy had previously raised $41 million in Series A funding in October 2020 led by General Catalyst, bringing total capital raised to $270 million as of the Series B close. |
| Jul 2020 | Seed | Bling Capital (lead); Felicis (lead); General Catalyst (lead); Cold Start Ventures; Charles Yu; Reshape Ventures | $10M | - | - |
Who has invested in Elemy?
16 investors have backed Elemy across its funding rounds, including General Catalyst, Felicis, Bling Capital, SoftBank Group, Founders Fund and 8VC.
Lead investors include Goodwater Capital, Premji Invest, SoftBank Group, General Catalyst, Bling Capital and 1 other investor.
Elemy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jul 2020 | ||
| 2 | Lead | Jul 2020 | ||
| 2 | Lead | Jul 2020 | ||
| 1 | Participant | Jul 2020 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Lead | Oct 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Jul 2020 | ||
| 1 | Lead | Oct 2021 | ||
| 1 | Lead | Oct 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
This data is available for Pro users. Sign up to see all 16 Elemy investors. Start Free Trial | ||||
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Start Free TrialElemy Competitors
Elemy competitors include listed companies like Guiyang Longmaster and Medley Inc., and private ones like Modern Health, League, Assort Health and Tala Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | $3M | - | $1.2B | - | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $44M | $5M | $482M | - | ||
| Publicly listed | $236M | $32M | $459M | 1.8x |
Elemy Public Comps
Elemy is still privately-owned, but its public comps include Teladoc, GoodRx, PHC Holdings, U.S. Physical Therapy, Vitec Software, iFLYHealth, EverCommerce, HealthStream, MedicalSystem Technology and Talkspace.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.5B | $124M | 0.6x | 0.6x | 11.3x | 5.0x | |||
| $797M | $173M | 1.8x | 1.8x | 8.1x | 5.5x | |||
| $2.3B | $320M | 1.0x | 1.0x | 7.2x | 6.5x | |||
| $781M | $110M | 2.5x | 2.3x | 17.5x | 18.9x | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $136M | ($7M) | 7.7x | 6.2x | (150.8x) | (144172.5x) | |||
| $589M | $128M | 3.0x | 2.9x | 13.7x | 9.5x | |||
| $304M | $63M | 2.8x | 2.6x | 13.2x | 11.2x | |||
This data is available for Pro users. Sign up to see all Elemy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Elemy
| When was Elemy founded? | Elemy was founded in 2019. |
| Where is Elemy headquartered? | Elemy is headquartered in San Francisco, CA, United States. |
| Is Elemy publicly listed? | No, Elemy is a private, VC-backed company. |
| What is Elemy's valuation? | Elemy was last valued at $1.1B in its Series B in October 2021. |
| How much funding has Elemy raised? | Elemy has raised $323M across 3 funding rounds. |
| What was Elemy's last funding round? | Elemy's last funding round was a $219M Series B in October 2021, led by Goodwater Capital, Premji Invest and SoftBank Group. |
| Who are Elemy's investors? | Elemy's investors include General Catalyst, Felicis, Bling Capital, Cold Start Ventures, Sound Ventures, SignalFire, SoftBank Group, 8VC, Charles Yu, Premji Invest and 6 others. |
| Which companies are comparable to Elemy? | Companies comparable to Elemy include Modern Health, League, Assort Health, Tala Health, Guiyang Longmaster and Medley Inc.. |
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