mindbloom.co
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Mindbloom: The $115M Ketamine Startup
Analyzing the digital mental health company's controversial yet lucrative model
Mindbloom isn't just another telehealth startup—it's a high-velocity mental health clinic that turned ketamine therapy into a $115M revenue engine. While competitors struggle with unit economics, they've scaled to 341 employees by productizing an ancient psychedelic.
"Mindbloom proved you can scale a controlled substance through an app—if you wrap it in enough clinical theater and white-glove support."
The Patient Experience Machine
Their model is deceptively simple: charge patients ~$300-600 per session, ship ketamine lozenges to their door, and wrap it in 1:1 coaching. At 341 employees, they're running a high-touch operation that feels more like a luxury spa than a clinic. This isn't software—it's service delivery at scale, and the margins prove it works.
Revenue Per Employee Benchmark
At $115M revenue with 341 employees, Mindbloom hits ~$337K per employee—strong for healthcare services, but well below SaaS multiples. This tells us they're a services business in tech clothing. The real question: can they automate enough of the clinical layer to approach software margins, or are they permanently capped by human bandwidth?
The psychedelic renaissance needed a distribution layer, and Mindbloom built it. While research institutions publish papers, they built a patient acquisition machine. Their secret sauce isn't the molecule—it's the orchestration: intake, dosing, coaching, and safety monitoring stitched into a single subscription.
- Solved distribution for a fragmented psychedelic market
- Built trust through clinical protocols in a skeptical space
- Created a defensible playbook for at-home psychedelic therapy
- Proved patients will pay cash for mental health innovation
The $115M Question
Mindbloom's playbook is copyable. But their execution moat—clinical rigor, patient trust, and operational excellence—might be deeper than it looks. The real bet is whether they can transition from service to software before competitors catch up.
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Mindbloom: ketamine therapy for anxiety and depression
Neuroplasticity that works, results you can trust. The only at-home ketamine therapy with proven outcomes for depression, anxiety, and PTSD. Get started today.
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Reviews (20)
This experience has been more than I…
This experience has been more than I could have ever asked for! I can see how this is not for everyone however, if you are open to discovering your self and your own thoughts this is an absolute MUST!
Very convient
Very convient
My Mind Blossom because of Mindbloom
The Mindbloom app connecting me 24/7 to resources, ability to leave word with Dustin - clinician and Kate - guide. Receiving a reply within 72 hours. Chat person available always. The info on Ketamine and how it works What to expect during a session The practice of Intention & Integration Flexibility of being in my own home and with all support systems. Flexibility to choose my clinician and guide that fits my schedule and specific areas of expertise catered to my needs. The price that reduces with number of sessions increasing The auto billing for sessions Reminders of upcoming session and what I need to complete before. BloomBox contents high end presentation and components.
All the right tools!
All the right tools!! Hardest part was taking the first step.
Great deal of help
Great deal of help, way better if you can get your regular therapist to agree to let you dose while in their office/practice. Psychedelic Assisted Psychotherapy is only meant to be a tool to be combined with therapy, or is most effective when used with such. It's good for you either way about it, if you're a fit candidate. Maybe melt into yourself. Peace and love, please do well and treat yourself with love.
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About mindbloom.co
Neuroplasticity that works, results you can trust. The only at-home ketamine therapy with proven outcomes for depression, anxiety, and PTSD. Get started today.
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mindbloom.co uses 27 technologies across their website including Vimeo, Font Awesome, HSTS, and more.
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mindbloom.co receives approximately 0 monthly visitors. The website has a bounce rate of 0% with visitors viewing an average of 0.0 pages per visit. Users spend an average of 0:00 on the site.
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