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§ Private Profile · 75 State St 26th Floor Boston, MA 02109 United States
SilverCloud Health is a company.
SilverCloud Health has raised $24.1M across 2 funding rounds.
Key people at SilverCloud Health.
SilverCloud Health has raised $24.1M in total across 2 funding rounds.
SilverCloud Health provides a digital mental health platform offering evidence-based, interactive programs designed to support individuals in managing various mental health conditions. The platform delivers personalized therapeutic interventions, leveraging cognitive behavioral therapy (CBT) principles and other clinically validated approaches to improve user well-being and access to care. It focuses on scalability and efficacy through its digital delivery model.
The company emerged from over a decade of clinical research as a spin-out from Trinity College Dublin and the NDRC in 2012. It was co-founded by Ken Cahill, James Bligh, and Karen Tierney, who aimed to address the significant barriers to accessing quality mental health support through innovative digital solutions. Their background in academic and clinical psychology informed the development of a robust, evidence-backed product.
SilverCloud Health serves health systems, employers, and educational institutions, enabling them to offer flexible and accessible mental health programs to their populations. The company envisions a future where mental health support is readily available and effective, striving to empower individuals globally to achieve better mental health outcomes by integrating technology with clinical excellence.
Key people at SilverCloud Health.
SilverCloud Health is a leading digital mental health company that provides a clinically validated online platform delivering evidence-based therapeutic programs for conditions like anxiety, depression, stress, insomnia, and resilience.[1][2][5] It serves healthcare organizations, corporations, universities, and government entities such as the NHS, HSE, Express Scripts, and military health systems, enabling scalable access to self-guided cognitive behavioral therapy (CBT) tools via apps on mobile, tablet, or computer, often as effective as face-to-face therapy at lower cost.[1][5][7][9] The platform addresses barriers like access, stigma, and cost by offering personalized, interactive modules with mood tracking, videos, exercises, and optional coaching, solving the global mental health crisis through high engagement and proven outcomes—over 80% of users show improvement in anxiety and depression, backed by 16+ years of research and real-world data from millions of users.[2][5][6]
Acquired by Amwell in 2021, SilverCloud has achieved massive growth, reaching 1 million users by 2022, with partnerships across 240+ organizations worldwide and exponential user additions (e.g., 15,000+ monthly pre-acquisition).[1][2][6]
SilverCloud Health originated as a 2002 spin-out from Trinity College Dublin's Technology Enhanced Therapy (TET) project, initially focused on researching and developing digital mental health solutions amid unmet needs for effective, engaging tools—early competitors suffered from low engagement, high dropout, and poor real-world results.[1][3] The company formally launched in 2012, evolving from academic research into a commercial platform backed by partnerships with leading institutions, accumulating over 16 years of clinical validation through randomized controlled trials.[1][2][6]
Key milestones include a $8.1 million Series A in 2017 led by investors like MemorialCare Innovation Fund, followed by a $16 million Series B in 2020 with B Capital Group, fueling expansion during COVID-19 when it offered free access to frontline workers.[1][4][6] Pivotal traction came from inclusions like Express Scripts' 2019 digital health formulary and the 2021 Amwell acquisition, which accelerated its mission of "helping people improve their mental health through technology" toward global scale.[1][7]
SilverCloud rides the digital therapeutics and mental health tech boom, accelerated by COVID-19's demand for remote, scalable care amid a global crisis affecting 1 in 5 people with mental health conditions.[1][6] Its timing aligns with market forces like rising awareness (mental health "getting a seat at the table"), payer adoption (e.g., Express Scripts formulary), and hybrid care models blending self-help with telehealth.[1][7] By validating digital CBT at population scale—serving millions via 240+ organizations—it influences the ecosystem by setting benchmarks for evidence-based digital health, reducing costs, and enabling earlier intervention, particularly in underserved areas like student wellness and military resilience.[2][9][10]
SilverCloud is poised for further dominance in digital mental health, leveraging Amwell's platform to expand hybrid care models and integrate AI-driven personalization amid trends like value-based reimbursement and global mental health equity.[1][5] Expect deeper penetration in enterprise (corporates, payers) and public sectors, with growth fueled by post-pandemic demand and expanding evidence (e.g., new RCTs). Its influence will evolve from standalone tool to ecosystem enabler, redefining holistic care by bridging digital self-management with professional support—ultimately making effective mental healthcare accessible for all, as its mission promises.[1][2]
SilverCloud Health has raised $24.1M across 2 funding rounds. Most recently, it raised $16.0M Series B in April 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2020 | $16M Series B | Caleb Winder | Andreessen Horowitz, B Capital Group, Next Coast Ventures, Offline Ventures, RED Swan Ventures, ACT Venture Capital, Lrvhealth, OSF Ventures, Unitypoint Health Ventures | Announced |
| Jan 18, 2017 | $8.1M Series A | Gavin TEO | John O'sullivan, AIB, Kevin Sherry, Investec Ventures, NDRC | Announced |
SilverCloud Health has raised $24.1M in total across 2 funding rounds.
SilverCloud Health's investors include Caleb Winder, Andreessen Horowitz, B Capital Group, Next Coast Ventures, Offline Ventures, Red Swan Ventures, Act Venture Capital, LRVHealth, OSF Ventures, UnityPoint Health Ventures, Gavin Teo, John O'Sullivan.
