About Modern Health
Modern Health is a company based in San Francisco (United States) founded in 2017 by Erica T Johnson and Alyson Watson. It operates as a SaaS (Software-as-a-Service), Subscription Services, Pay-per-Use / Usage-Based, and HealthTech. Modern Health has raised $286.26 million across 10 funding rounds from investors including Kleiner Perkins, Social Capital and 01 Advisors. Modern Health has completed 1 acquisition, including HelloKip. Modern Health offers products and services including Adaptive Care Model, Global Network, and Workplace Tools. Modern Health operates in a competitive market with competitors including Magellan Health, AbleTo, Lyra Health, Thrive Global and Wysa, among others.
- Headquarter San Francisco, United States
- Founders Erica T Johnson, Alyson Watson
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Sectors
TechnologyHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Modern Life, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$286.26 M (USD)
in 10 rounds
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Latest Funding Round
$74 M (USD), Series D
Feb 12, 2021
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Investors
Kleiner Perkins
& 15 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Modern Health
Modern Health offers a comprehensive portfolio of products and services, including Adaptive Care Model, Global Network, and Workplace Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mental health support is provided across various needs.
Culturally responsive care is offered in multiple languages.
Tools for employee wellness are designed for workplaces.
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Funding Insights of Modern Health
Modern Health has successfully raised a total of $286.26M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $74 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series D — $74.0M
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First Round
First Round
(16 Mar 2018)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series D - Modern Health | Valuation | Founders Fund | |
| Feb, 2021 | Amount | Series D - Modern Health | Valuation |
investors |
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| Dec, 2020 | Amount | Series C - Modern Health | Valuation | Battery Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Modern Health
Modern Health has secured backing from 16 investors, including venture fund and angel investors. Prominent investors backing the company include Kleiner Perkins, Social Capital and 01 Advisors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture advisory services are provided to startups and investors.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Modern Health
Modern Health has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include HelloKip. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of an app to book therapy sessions and track outcomes
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Modern Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modern Health Comparisons
Competitors of Modern Health
Modern Health operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Magellan Health, AbleTo, Lyra Health, Thrive Global and Wysa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Behavioral healthcare management and pharmacy services are provided for employees.
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| domain | founded_year | HQ Location |
Offers a digital platform to connect people with licensed therapists and coaches
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| domain | founded_year | HQ Location |
AI-powered mental health benefits for employers are provided.
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| domain | founded_year | HQ Location |
Mental wellbeing coaching platform is provided for enterprises.
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| domain | founded_year | HQ Location |
AI-driven mental health support platform is provided by Wysa.
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| domain | founded_year | HQ Location |
Cloud-based platform for employee wellness
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Modern Health
Frequently Asked Questions about Modern Health
When was Modern Health founded?
Modern Health was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Modern Health located?
Modern Health is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Modern Health?
Matt Levin is the current CEO of Modern Health.
Is Modern Health a funded company?
Modern Health is a funded company, having raised a total of $286.26M across 10 funding rounds to date. The company's 1st funding round was a Series C of $51M, raised on Mar 16, 2018.
What does Modern Health do?
Modern Health is established as a global leader in mental health care, offering evidence-based services through an adaptive care model. Support is provided across a spectrum of needs, from self-guided tools to crisis care, accessible in over 200 countries and 80 languages. Solutions are designed for employers, consultants, health plans, and providers to enhance employee and family well-being. Workplace tools, global coverage, and personalized pathways are developed to prevent burnout, boost productivity, and improve retention. Sustainable pricing models, including PEPM and usage-based options, are implemented to ensure scalability and measurable outcomes.
Who are the top competitors of Modern Health?
Modern Health's top competitors include Lyra Health, Thrive Global and Magellan Health.
What products or services does Modern Health offer?
Modern Health offers Adaptive Care Model, Global Network, and Workplace Tools.
How many acquisitions has Modern Health made?
Modern Health has made 1 acquisition, including HelloKip.
Who are Modern Health's investors?
Modern Health has 16 investors. Key investors include Kleiner Perkins, Social Capital, 01 Advisors, Founders Fund, and Lachy Groom.