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Limbix

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Prescription digital therapeutics for adolescent mental health

Palo Alto, United StatesFounded 2016Biotech & Life Sciences
Valuation $50–100M Last recorded · 2021
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Limbix

Founded in 2016 by Ben Lewis and Jon Sockell, Limbix operates at the intersection of technology and adolescent mental health. Lewis, with a background as an Engineering Manager at Facebook and founder of two other companies, and Sockell, a former Director of Marketing, established the company to address the critical need for accessible mental health treatments for young people. The company initially explored virtual reality for exposure therapy but pivoted in late 2019 to focus on mobile-based digital therapeutics. After raising a total of $31 million over several funding rounds, with notable contributions from investors like GSR Ventures and Sequoia Capital, Limbix was acquired by Big Health in July 2023.

Limbix develops prescription digital therapeutics (PDTs), which are software-based interventions prescribed by healthcare professionals to treat medical conditions. The company's business model targets health systems and payors, aiming to integrate its products into the existing healthcare framework as a new, evidence-based treatment option. This approach allows clinicians to prescribe the digital tools as an adjunct to traditional therapy for adolescents aged 13 to 22.

The company's flagship product is SparkRx, a smartphone application designed to help manage symptoms of adolescent depression. SparkRx is a multi-week, self-guided program based on the principles of Cognitive Behavioral Therapy (CBT), with a specific focus on behavioral activation. It uses features like mood tracking, problem-solving exercises, mindfulness activities, and a supportive chatbot named 'Limbot' to teach users coping skills and the relationship between their mood and actions. Clinical studies have shown that SparkRx can lead to a statistically significant reduction in depression symptoms. The product was launched under an FDA enforcement policy related to the COVID-19 pandemic, which permitted marketing without full FDA clearance to improve access to psychiatric digital health devices.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2016
Headquarters
Palo Alto, United States
Employees
5
Open positions
None listed
Dealroom signal
50.5/100
Industry
Health
Sub-industry
Pharmaceutical, Medical Devices, Health Platform
Sector
Biotech & Life Sciences, Biotechnology, Mental Health, Patient Care, Digital Therapeutics, Tech for Biotech and Pharma, Tech for Patients, Biotech and Pharma, Cognitive Behavioural Therapy
Business model
Manufacturing
Client focus
b2b

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Jul 2023 $0 — Big Health ↗
SERIES A✓Equity / VC Dec 2021 $15M $60M Digital Garage · Storm Ventures · Bixink · DN Capital ↗
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

Limbix website traffic

Latest recorded traffic for Limbix is 1.9K monthly website visits, down 13.6% over the last three months. Limbix's team grew 25% over the past year.

Latest monthly visits1.9K 3-month web change-13.6% 1-year team growth+25%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

30 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

Series A7 investors entered at this stage

Other known investors20 additional known investors

  • Big Health
  • Adventure Fund
  • Anorak Ventures
  • Carbon Arrow
  • DG Daiwa Ventures
  • E&Investment
  • For Good Ventures
  • Innovation Global Capital
  • JAZZ Venture Partners
  • KidsX
  • Levelup Investments
  • Mana Ventures
  • MassChallenge
  • Mo Z.
  • MVP Ventures
  • Operator Partners
  • Pathbreaker Ventures
  • Ryan Gembala
  • Small Business Innovation Research
  • Southwest-Midwest National Pediatric Device Innovation Consortium
Team profiled 11 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Limbix on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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