Simone Biles-backed mental health startup vaults to $4.8 billion value

Less than two months after Olympic gymnastics star Simone Biles of Texas joined mental health startup Cerebral as chief impact officer, the company has raised $300 million in venture capital — a sum that vaulted it to a valuation of $4.8 billion. San Francisco-based Cerebral announced the $300 million round December 8. SoftBank Vision Fund 2 led the Series C round, with participation from Prysm Capital, Access Industries, WestCap Group, and ARTIS Ventures. Launched in…