Wilson Sonsini Advises Real on $37 Million Series B Funding Round

On April 12, 2022, Real, a mental health care company building a new platform-based therapy model, announced a $37 million Series B funding round. The financing was led by Owl Ventures, with participation from former Cityblock CEO Iyah Romm and chief health officer Dr. Slyvia Room, as well as existing investors Lightspeed Venture Partners, Female Founders Fund, Forerunner Ventures, and BBG Ventures. Wilson Sonsini Goodrich & Rosati advised Real on the transaction.

Real is an affordable app-based therapy solution that offers programs and resources for creating a mental health care routine. Following the $37 million Series B, which brings Real’s total funding to $53 million since it was founded in 2019, the company will invest further in health research to build the most effective and innovative care model that speaks to modern consumers. Real is focused on continuing to provide access to mental health care for all, while expanding its business to include more resources, therapists, and Pathways—the comprehensive therapist-created programs about mental health issues that are the app’s core feature.

The Wilson Sonsini team that advised Real on the transaction included Megan Baier, Hannah Yi, and McKenna Pruitt.

For more information, please see the company’s press release. Further coverage is available in TechCrunch.