Modern Health provides a personalized preventative mental health care platform for B2B clients. The platform uses evidence-based psychology best practices to provide employees access to therapists, coaches, and digital content via a mobile app. Employees are given assessments and then provided with personalized recommendations for offerings such as digital programs, group learning, and one-on-one coaching and therapy. As of December 2020, the company had more than 190 customers globally— that’s double from March 2020—and had a headcount of 127 employees. Notable clients include Pixar, SoFi, Okta, Carta, Electronic Arts, Rakuten, Clif Bar, Udemy, and TripActions. The company’s services are available in 55+ countries and in 50+ languages as of June 2022.
In February 2021, Modern Health raised USD USD 74 million in a Series D funding round led by Founders Fund, bringing its total funding to USD 167 million. Modern Health became the fastest women-founded entity to gain unicorn status, with a valuation of USD 1.17 billion.
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