Monument is an online platform that connects people seeking to change their relationship with alcohol to a free anonymous community, therapist-moderated groups, and curated resources. Members seeking medical treatment are introduced to a licensed physician and a specialized therapist to develop personalized treatment plans. The company launched in 2020 and is led by CEO Mike Russell. Since its May launch, Monument has connected more than 12,000 members in its digital community. Monument recently closed a $10.3M Series A, bringing total capital raised to $17.8M. The company plans to use the funding to expand product initiatives, harness community and personalized treatment tools, partner with insurance companies to expand coverage, and offer treatment plans across all U.S. states. Monument operates a telehealth platform that provides a free community, free group therapy sessions, one-time physician consultations for prescriptions, and two tiers of paid therapy services. The company connects members to licensed therapists and physicians who can prescribe medication or offer cognitive behavioral therapy. Pricing includes a $19 medication-only plan, a $149/month bi-weekly therapy plus initial prescription consultation plan, and a $249/month medication management plus weekly therapy plan. Monument had about 700 people on its network during beta and was expanding community access as it launched in California. The founders are Mike Russell (CEO), Justin Geller (co-founder), and Amit Klein (co-founder and chief product officer); the team emphasizes using anonymized outcome data to measure and personalize treatment without selling insights to third parties. The company rolled out services in New York, New Jersey and Florida during beta and added California and Connecticut for launch, while noting mental-health licensing requirements vary by state.

Total raised

$18M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2021