Modern Health

Modern Health

Personalized mental health care solutions for enterprises

About Modern Health

Simplify's Rating
Why Modern Health is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Consulting

Healthcare

Company Size

501-1,000

Company Stage

Series D

Total Funding

$167.4M

Headquarters

San Francisco, California

Founded

2017

Overview

Modern Health provides personalized mental health care solutions for businesses around the world. Their platform connects employees and their families with certified coaches and licensed therapists who offer evidence-based care in over 50 languages. This service is accessible through a single app, making it easy for users to find the support they need. Modern Health focuses on preventative care, aiming to address mental health issues before they escalate. Unlike many competitors, Modern Health emphasizes a culturally sensitive approach and tailors care to meet individual needs, which enhances engagement and effectiveness. The company partners with enterprises, offering its platform as part of employee benefits packages, which helps improve employee resilience and productivity. The goal of Modern Health is to provide high-quality mental health care that is easily accessible and supports the well-being of employees and their families.

YC Company
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Simplify's Take

What believers are saying

  • Increased demand for digital mental health solutions boosts Modern Health's market potential.
  • AI integration enhances personalized care, improving user engagement and outcomes.
  • Partnerships with financial wellness services expand comprehensive employee benefits offerings.

What critics are saying

  • Competition from AI-integrated platforms like Ginger and Lyra Health threatens market share.
  • Leadership changes may disrupt operations or affect company culture.
  • Integration challenges with Anvil Health's AI technology could delay new feature rollouts.

What makes Modern Health unique

  • Modern Health offers therapy, coaching, and courses in one seamless app.
  • The platform supports 35 languages, enhancing accessibility for a global workforce.
  • Modern Health emphasizes culturally sensitive care, tailoring services to diverse needs.

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Funding

Total Funding

$167.4M

Meets

Industry Average

Funded Over

5 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Meet Average

Industry standards

$77M
$70M
Twilio
$74M
Modern Health
$80M
Handshake
$100M
Affirm

Benefits

Health and Wellness - Our benefits are designed to keep you safe and healthy. We’ve got you 100% covered for health, dental and vision insurance.

Professional Development - Make a meaningful difference at a rapidly growing start-up. We also offer every employee an annual professional development stipend, LinkedIn Learning subscription, and WFH stipend.

Family Matters - We celebrate all paths to parenthood by offering the fertility benefit Carrot, 16 weeks parental leave, and a child care stipend. We also offer access to Outschool which provides over 100,000 (and counting!) live, online activities for learners ages 3-18.

Giving Back - We encourage team members to donate their skills and time in their communities, and we match donations to causes several times a year.

Flexible Paid Time Off - Time off is important for rejuvenation and bringing your full self to work. No matter what life throws your way, we want you to have space to do so - guilt free.

Long-Term Planning - All full-time employees are eligible to contribute to a 401(k) plan. We are also proud to offer financial advising services through Origin.

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-2%
Merit
May 2nd, 2025
6 Ways Merit Promotes Psychological Safety in the Workplace

In May, its focus is mental health, and Merit Medical Systems is partnering with Modern Health to offer the following wellness talk, How Mental Health Impacts Us All, on May 20, 2025, at 12:00 p.m. MDT.

NGE
May 1st, 2025
NGE Partners with Modern Health to Enhance Mental Wellness Benefits

NGE partners with Modern Health to enhance mental wellness benefits.

Montreal Gazette
Apr 4th, 2025
Modern Health Appoints Matt Levin as CEO, Founder Alyson Watson Transitions to Executive Chair

Modern Health, a leading global workplace mental health platform, today announced the appointment of Matt Levin as Chief Executive Officer (CEO).

Hit Consultant
Jan 17th, 2025
Recent Digital Health Executive Hires And Promotions: Medidata Expands Team, Carerev, Philips, Eko Health, Others

AVIZVA, a health-tech organization that offers a variety of solutions for healthcare enterprises, that it has appoints James Vertino as its new CEO.Model N appoints Bret Connor as Chief Executive Officer. The Board of Directors of Blue Shield of California appoints Lois Quam as chief executive officer to lead Blue Shield of California, the first woman to serve as CEO in the health plan’s 86-year history. She joined the company as president in 2024.   Yaqrit, a late-stage biotech and medtech company developing lifesaving treatments for advanced liver diseases appoints Troels Jordansen has joined Yaqrit as Chief Executive Officer.OP Solutions names Michael Kallish as Chief Executive Officer, effective immediately.Access TeleCare appoints Dr. Michael Genovese to Chief Medical Officer for Behavioral Health.Enveda appoints Jason Kim as Chief Financial Officer (CFO).Eko Health appoints of Justin Spencer as Chief Financial Officer (CFO). (Pull from site)Qure.ai appoints Jim Mercadante as its new Chief Commercial Officer. (Pull from site)Symplr, appoints Dr

Stock Titan
Jan 15th, 2025
Modern Health Welcomes Adam Brown as Chief Financial Officer

Modern Health welcomes Adam Brown as Chief Financial Officer.

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