• Modern Health

  Participated · Seed · Jun 2018

  Modern Health offers a comprehensive, science-backed mental health and wellness platform for employers that combines assessments, therapists, coaches, and digital content to create customized care plans. The company serves more than 220 enterprise clients globally and reports strong engagement: over half of registered employees engage with care, many complete two or more therapy sessions, and nearly half of users beginning coaching for depressive symptoms experience clinical recovery after four sessions. Modern Health says its platform reaches six times more eligible employees than a typical EAP and reports Member NPS of 71 and Provider NPS of 74, with a 4.9/5 provider session rating. Over the past year it has tripled headcount and doubled its customer base, and it has doubled revenue since its recent Series C. The company intends to use new funding to support further enterprise adoption and expand its accessible, customized mental-health offerings for workforces worldwide. Modern Health provides an employer-focused, fully integrated mental health platform that delivers evidence-based care via therapists, coaches, and digital content through a single consumer-friendly app. Led by founder and CEO Alyson Watson, the company serves 190+ enterprise clients globally, including Pixar, SoFi, Okta, Carta, Electronic Arts, Rakuten, Clif Bar, Zendesk, Udemy, and TripActions. Since the last round it has tripled its employee headcount and doubled its customer base. The company intends to use new funding to expand operations and grow its global provider network from 35 languages to over 50 and to continue developing solutions to support healthy workforces. The round brings total disclosed funding to over $95M. Modern Health operates a digital platform for employers that provides a suite of mental wellbeing solutions and uses research-based assessments to create personalized care plans for each user. Its offerings include digital courses and meditations plus access to a network of certified coaches and licensed therapists, available in-person or virtually. The platform is designed to engage larger portions of employee populations by meeting users where they are, with the aim of improving productivity, happiness, and retention. Led by founder and CEO Alyson Friedensohn, the company is based in San Francisco, CA. Modern Health closed a $31M Series B and plans to use the funds to accelerate product development, expand services internationally, and grow its team of industry professionals and mental health experts. Modern Health offers employers a suite of mental well-being products that connect employees to emotional care while giving employers tools to improve productivity and retention and limit costs from over-prescribed in-person therapy. The platform emphasizes prediction, prevention and personalized care and uses an onboarding process focused on well-being assessment and triage to appropriate care based on needs and preferences. Founded in 2017 by Alyson Friedensohn and Erica Johnson, the company packages assessment, triage, and care access for workplace mental health. It plans to accelerate product development, build its sales organization, and expand its customer base using new capital. Modern Health previously raised a $2.4M seed in June 2018 led by Afore. The product roadmap and go-to-market expansion are the stated near-term priorities. Modern Health, founded last year by Alyson Friedensohn and neuroscientist Erica Johnson, builds an emotional health benefits platform offered to employers. Its core product connects employees to coaches and therapists and also includes career and financial coaching, meditation apps, and other digital tools accessible via texting and video calls. The company prioritizes lowering barriers to care by routing users to coaches for approachable, issue‑focused support before crisis points. Modern Health is expanding its network of providers to address issues such as postpartum depression and infertility and is proud that its current team is all female. Several employers have already signed up; one customer, Gusto, hit a 43% utilization rate among registered users four days after offering the platform. The startup plans to use its recent funding for hiring, accelerating development of its healthcare platform, and growing its provider network.

No current team members are available.