February 21, 2020

Modern Health Closes $31M Series B Funding Round

Modern Health Closes $31M Series B Funding Round

Modern Health, a San Francisco, CA-based holistic mental health benefits platform for employers, closed a $31m Series B funding round.

The round was led by Founders Fund and John Doerr, with continued investments from Kleiner Perkins and Afore Capital.

The company intends to use tghe capital to accelerate product development, expand its services internationally, and grow its team of industry professionals and mental health experts.

Led by founder and CEO Alyson Friedensohn, Modern Health provides a digital platform that gives companies a suite of mental wellbeing solutions that allow their employees to get access to support no matter what their needs may be. By utilizing research-based assessments, the company creates personalized care plans for each user based on their specific goals and needs, providing access to resources that range from digital courses and meditations to a network of certified coaches and licensed therapists when needed. This holistic offering, which can occur in-person or virtually, allows employers to engage larger portions of their population by meeting them where they are, empowering them to improve employee productivity, happiness, and retention.

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