Modern Health Raises $51M to Expand Mental Health Platform

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NasDaq

https://finance.yahoo.com/news/5-ipos-watch-2021-161032566.html

Date: 05.01.2021

Modern Health, the mental health and wellness platform supporting 190+ enterprises globally, today announced a $51 million Series C investment round led by Battery Ventures. Other participants in the round include Felicis Ventures and existing investors Kleiner Perkins, Founders Fund, 01 Advisors, Afore Capital, and Okta’s Frederic Kerrest. The latest funding comes less than a year after Modern Health announced its Series B, bringing the company’s total funding to over $95 million and current valuation between $500M and $1B.

As an employer-focused solution offering a fully integrated mental health platform, Modern Health’s evidence-based approach provides employees access to mental health care for all levels of need, utilizing therapists, coaches, and digital content to deliver support via one comprehensive, consumer-friendly app.

Modern Health is a global mental health benefits solution for employees. It covers the full spectrum of mental well-being needs through both evidence-based technology and professional support within a single platform, so that mental well-being is accessible to an entire workforce.

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