L
Limbix
Prescription digital therapeutics for adolescent mental health
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 dataAt 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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jul 2023 | $0 | — | Big Health | ↗ |
| SERIES A✓Equity / VC | Dec 2021 | $15M | $60M | Digital Garage · Storm Ventures · Bixink · DN Capital | ↗ |
Growth signals
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.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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
Storm Ventures
Plug and Play
GSR Ventures
NextGen Venture Partners
Digital Garage
Bixink
DN Capital
Other known investors20 additional known investors
Big Health
Adventure Fund
Anorak Ventures
Carbon Arrow
DG Daiwa Ventures- E&E&Investment
For Good Ventures
Innovation Global Capital- JPJAZZ 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
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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