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§ Private Profile · San Francisco, CA, USA
BRINGING MENTAL HEALTH BENEFITS TO THE FOREFRONT
Modern Health has raised $167.0M across 5 funding rounds.
Key people at Modern Health.
Modern Health was founded in 2017 by Alyson Watson (Founder).
Modern Health has raised $167.0M in total across 5 funding rounds.
We’re experiencing a massive shift in how society focuses on mental health. What was once whispered about and stigmatized is now part of everyday conversation. The corporate world has also seen a shift in how it recognizes:and prioritizes:the mental health of their employees. Modern Health and its mission have proven to be built for this overdue shift: the ability to access mental health resources is no longer just a perk, it’s increasingly becoming an instrumental part of employee success.
The backstory: In 2017, Alyson Watson saw an opportunity to bring mental health care and resources to the forefront for the corporate world. She thought since we spend 40+ hours a week working, why shouldn’t mental health be prioritized and incorporated within the workplace?
Modern Health has pioneered how to help to solve the challenge of supporting employee mental health needs with the right product and service at the right time, whether the employee needs clinical support or is looking to be proactive in prioritizing their mental health. They imagined and developed a platform that engages employees across a variety of care modalities, not just high-cost therapy like many of the incumbent healthcare providers.
Companies are finding Modern Health’s comprehensive platform incredibly effective. Employees are consistently engaging with ease and comfort, and they enjoy having the resources as part of their benefits. HR departments are also thrilled with the impact that Modern Health has on their companies. They love knowing their employees can easily access necessary care on a platform that not only boasts robust clinical outcomes and is easy to engage with, but is also cost-effective and affordable for their company.
Modern Health is a comprehensive global mental health benefits platform designed primarily for employers to support their workforce's emotional, professional, social, financial, and physical well-being through a single digital platform. It offers a spectrum of mental health resources including one-on-one coaching, group sessions, self-guided digital tools, and access to licensed therapists in over 80 languages and 200+ countries. The platform aims to reduce stigma around mental health and increase accessibility, helping employees proactively manage stress, depression, and other challenges while improving organizational outcomes such as retention and productivity. Modern Health has demonstrated strong growth momentum, achieving over $75 million in annual revenue and reaching unicorn status with a valuation of $1.17 billion, backed by prominent investors like Kleiner Perkins and Founders Fund[1][2][3].
Founded by a female-led team, Modern Health emerged from the recognition that mental health benefits were often fragmented and stigmatized in the workplace. The founders leveraged their backgrounds in technology and mental health to create an integrated platform that meets employees wherever they are in their mental health journey. Early traction was marked by rapid adoption among employers seeking scalable, culturally responsive mental health solutions, supported by a proprietary provider network and flexible pricing models. The company’s evolution has included expanding its platform capabilities, such as launching Modern Health Central to empower HR and leadership in scaling well-being initiatives[1][3][4].
Modern Health rides the accelerating trend of integrating mental health into workplace benefits as a strategic business imperative rather than a cost center. The timing is critical given rising awareness of mental health’s impact on productivity, retention, and healthcare expenses, alongside evolving employer expectations and national frameworks like the U.S. Surgeon General’s Workplace Mental Health Framework. Market forces such as increased remote work, global workforce diversity, and demand for culturally competent care favor Modern Health’s scalable, adaptive platform. By normalizing mental health conversations and providing measurable ROI, Modern Health influences the broader ecosystem by setting new standards for employer mental health benefits and digital health innovation[4][5][6].
Looking ahead, Modern Health is positioned to deepen its impact by expanding its data analytics capabilities, enhancing personalized care pathways, and broadening its global footprint. Trends shaping its journey include growing employer demand for holistic well-being solutions that integrate mental, physical, and financial health, as well as increasing regulatory and societal pressure to address mental health proactively. Modern Health’s influence is likely to evolve from a benefits provider to a strategic partner in workforce resilience and organizational performance, helping companies navigate complex mental health challenges while driving sustainable business outcomes. This aligns with its mission to bring mental health benefits to the forefront of workplace culture and strategy[5][6].
Key people at Modern Health.
Modern Health has raised $167.0M across 5 funding rounds. Most recently, it raised $74.0M Series D in February 2021.
Modern Health was founded in 2017 by Alyson Watson (Founder).
Modern Health has raised $167.0M in total across 5 funding rounds.
Modern Health's investors include Founders Fund, 305 Ventures, Arrive, Bling Capital, BoxGroup, Curie.Bio, General Catalyst, Great Oaks Venture Capital, K2 Global, Khosla Ventures, Lakestar, LGF.
