CB Insights has named Woebot Health to its third annual Digital Health 150, which showcases the 150 most promising private digital health companies in the world. This year’s Digital Health 150 was unveiled live during CB Insights’ annual Future of Health event.

The 2021 Digital Health 150 cohort has raised roughly $14.9B in aggregate funding across 522 deals since 2016, and includes startups at various investment stages of development, from early-stage to well-funded unicorns. Companies this year include startups working on data integration & analytics, hybrid virtual/in-person care, digital therapeutics, clinical intelligence, and more.

“This year’s Digital Health 150 is one of our most expansive yet, spotlighting 16 categories including virtual care, clinical trials tech, and workflow automation, as well as adding new categories such as home health tech and computer-aided imaging,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “Last year's class has seen more than 20 exits, raised an additional $18.6B in aggregate funding, and announced over 250 partnerships since being recognized, and we’re excited to see the future success of this year’s winners.”

Through an evidence-based approach, the CB Insights research team selected the Digital Health 150 from a pool of over 11,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.

“Woebot Health is at the forefront of developing scalable, meaningfully engaging therapeutic solutions for mental health, and we’re proud that our innovative approach to solving unmet needs has been recognized on such an esteemed list,” said Michael Evers, CEO of Woebot Health. “This honor acknowledges there’s never been a more important time to realize our mission to make mental health radically accessible to all.”

Woebot Health has leveraged proven clinical practices and AI technology to build Woebot, a proprietary relational agent for mental health. In the past year, the company demonstrated that Woebot is capable of forming a therapeutic bond with users and continued developing its U.S. Food and Drug Administration (FDA)-track pipeline of digital therapeutics including WB001, indicated for women with postpartum depression that received FDA Breakthrough Device Designation. Woebot Health also developed a solution in early discovery for substance use disorder and released a study showing how Woebot helped to significantly reduce substance use occasions during the pandemic. Additionally in 2021, the company raised $90 million in Series B funding, expanded its leadership team, and formed its Scientific Advisory and Clinical Diversity Advisory Boards, furthering its commitment to advancing diverse clinical and research activities.

2021 Digital Health 150 Investment Highlights:

  • Unicorns: 17 of the 150 companies (11%) are valued at or above $1B as of their latest funding rounds.
  • Funding trends: In 2021 year-to-date (YTD), these 150 private companies have raised $9.2B in equity funding across 153 deals (as of 11/19/21).
  • Mega-rounds: Since 2020, there have been 39 mega-round ($100M+) equity investments to this year’s Digital Health 150, with 31 (79%) of them taking place in 2021 YTD.
  • Global representation: 23% of the 2021 Digital Health 150 are based outside the US. After the US, the UK is home to the most Digital Health 150 companies (9), followed by India (4). This year’s winners are based in 18 countries, including China, Israel, Nigeria, Germany, Argentina, and New Zealand.
  • Top VC investor: General Catalyst is the most active investor in this year’s Digital Health 150 companies, having invested in 39 deals since 2016.

About CB Insights

CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.

About Woebot Health

Founded in 2017, Woebot Health has created relational technologies that underpin a new generation of digital therapeutics and tools for mental health. The company’s proprietary relational agent, Woebot, is capable of quickly forming a bond with users and delivering human-like therapeutic encounters that are psychologically related, responsive to a person’s dynamic state of health, and targeted using multidisciplinary tools. Woebot is at the heart of the company’s AI-powered platform and the foundation for digital therapeutics and tools that seamlessly integrate within health ecosystems and solve for gaps along the health care journey.

For more information, visit woebothealth.com or follow Woebot on Facebook, Twitter and LinkedIn.