Simone Biles Helps Mental Health Startup Raise Value to Whopping $4.8 Billion

Published 12/15/2021, 7:57 AM EST
TOKYO, JAPAN – JULY 27: Simone Biles of Team United States smiles during the Women’s Team Final on day four of the Tokyo 2020 Olympic Games at Ariake Gymnastics Centre on July 27, 2021 in Tokyo, Japan. (Photo by Laurence Griffiths/Getty Images)


Simone Biles has a strong personality, attracting a huge fan base wherever she goes. Notably, Biles is aware of the responsibility she carries with her fame and fortune, especially being regarded as a mental health advocate for athletes around the world. Hence, she invests herself in the welfare of society at every chance she gets.

ADVERTISEMENT

Article continues below this ad

Simone Biles’ involvement in a startup has raised its value from millions to billions. As the GOAT of gymnastics, she made a strong impact with her name linked to the mental health startup.

ADVERTISEMENT

Article continues below this ad

Simone and her magic wand raise mental health startup’s value

2021 has been the year of Simone, as she continues to spread awareness about the importance of mental health. After Tokyo Olympics 2020, Biles has paved the way for a new era in sports, where athletes prioritize mental health accolades and awards. Notably, she did not stop there as she also partnered with the mental health startup, Cerebral.

TOKYO, JAPAN – AUGUST 03: Simone Biles of Team United States poses with the bronze medal during the Women’s Balance Beam Final medal ceremony on day eleven of the Tokyo 2020 Olympic Games at Ariake Gymnastics Centre on August 03, 2021 in Tokyo, Japan. (Photo by Jamie Squire/Getty Images)

The 24-year-old is the Chief Impact Officer, and she certainly played the ‘impact’ role incredibly. The value of cerebral raised from $300 million to a whopping $4.8 B through venture capital.

Simone Biles wants everyone to have access to resources

The 7-time Olympic medalist has faced a lot of hardships in her life; however, with utmost grit and determination, she sailed through it all. Notably, Biles is now spreading awareness about mental health and its importance.

While announcing her new partnership, Simone said, “Mental health is just as important as physical health, but for far too long the stigma of mental health has prevented too many people from seeking help. I have my own challenges with mental health, and therapy has been very empowering for me as I try to be the best person that I can be.”

ADVERTISEMENT

Article continues below this ad

“I believe everyone should have access to mental health resources and Cerebral gives me the ability to personalize my mental health care experience,” she added.

 

View this post on Instagram

 

A post shared by Simone Biles (@simonebiles)

ADVERTISEMENT

Article continues below this ad

Hopefully, seeking inspiration from Simone, many more athletes will come forward to share their struggles and prioritize their mental health. As for the young champion, undoubtedly, she will continue to keep working towards the betterment of the world and of the sport.

DIVE DEEPER

“Stepping Up To Take Care of Themselves”: Venus Williams Lauds Naomi Osaka and Simone Biles

about 2 months ago

SHARE THIS ARTICLE :

ADVERTISEMENT

Shreya Verma

582 articles

Shreya Verma is a US Sports writer at EssentiallySports. A post-graduation student in political science, Shreya is also a professional 10m air pistol shooter. Taking after her athlete father, she was naturally inclined towards the athletic life.

ADVERTISEMENT

ADVERTISEMENT