About Monument
Monument is a Healthcare company based in New York (United States) founded in 2019 by Michael Russell. SaaS telehealth platform for de-addiction support is provided. It operates on a On-Demand Services model. Monument has raised $23.61 million across 3 funding rounds from investors including Lerer Hippeau, VMG Partners and Alpaca. Monument has completed 1 acquisition, including Tempest. Its chief executive, as recorded, is Michael Russell. Its website joinmonument.com draws about 30 thousand monthly visits. Monument offers products and services including Video Appointments. Its focus areas include Telehealth and Virtual Consultations. Its competitors include Bicycle Health, Boulder Care and Pelago; 3 of its 3 listed competitors have raised funding.
Company details
Video consultations for mental and medical health needs are provided by Monument. Services include one-time or recurring appointments with trusted healthcare professionals. Prescriptions can be sent to preferred pharmacies. The platform supports insurance coverage checks and seamless scheduling. Focus is placed on building long-term relationships with doctors and therapists. Both physical and mental health concerns are addressed through a single platform.
- Headquarters New York, United States
- Founders Michael Russell
- SectorsHealthcare
- Website category Business and Consumer Services · Business Services
- Email••••••••
- Phone•••• ••••
- Website joinmonument.com
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$23.61M (USD)
in 3 rounds
- Latest Funding Round$5.81M (USD), Series A
Feb 2023
- InvestorsLerer Hippeau
& 6 more
- Investments & Acquisitions
Products & Services of Monument
Monument offers a comprehensive portfolio of products and services, including Video Appointments.
Video consultations with therapists and doctors are provided.
Funding Insights of Monument
Monument has successfully raised a total of $23.61M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5.81 million completed in February 2023. 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 $23.61M
- Total Rounds 3
- Last Round Series A — $5.81M
- First Round $7.5M
(May 2020)
- Investors Count 7
All 3 funding rounds of Monument with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | $5.81M | Series A | – | – | – |
| Jan 2021 | $10.3M | Series A | – | VMG Partners | – |
| May 2020 | $7.5M | Seed | – | Alpaca, Red Sea Ventures |
7 investors in total: 7 institutional.
Investors in Monument
Monument has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Lerer Hippeau, VMG Partners and Alpaca.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multi-sector company acquisitions are managed by VMG Partners. | vmgpartners.com | San Francisco, United States | ||
Tech startups are funded by Alpaca venture capital firm. | alpaca.vc | New York, United States | ||
Venture capital investment firm based out of USA | redseaventures.com | New York, United States | ||
Seed-stage tech startups are invested in by NextView Ventures. | nextview.vc | Boston, United States | ||
USA focused VC firm investing in seed and early stage startups | 2010 | lererhippeau.com | New York, United States | |
Tech focused VC firm investing in the US & the UK | datapointcapital.com | Boston, United States | ||
Private equity firm investing in multiple sectors | collabfund.com | New York, United States |
Investor details for Monument
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Monument
10 people are tracked at Monument (5 in leadership, 5 in board & advisors).
| Name | Role | Group |
|---|---|---|
Michael Russell | Co-Founder & CEO | Leadership |
Mike Russell | CEO | Leadership |
Emily Kate Pope | Head of Marketing | Leadership |
Sandy Xu | VP of Finance | Leadership |
Zachary Rogers | Vp, Marketing & Growth | Leadership |
James Besante | Advisor | Board & advisors |
Laura Diamond Lmhc | Advisor | Board & advisors |
Mark Willenbring | Advisor | Board & advisors |
Remy Olivier | Advisor | Board & advisors |
Abe Malkin | Advisor | Board & advisors |
Complete people profiles for Monument
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Monument
Monument has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tempest.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Limited information available | jointempest.com | United States | 2014 | May 2022 | •••• |
Complete acquisition details for Monument
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- Exports
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Timeline of Monument
4 dated milestones of Monument across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Monument is founded.
- Funding First funding round of $7.5M.
- Acquisition Acquires Tempest.
- Funding Latest funding round, Series A, of $5.8M.
Competitors of Monument
Monument has 3 listed competitors in our database, 3 of them funded. They include Bicycle Health, Boulder Care and Pelago.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bicyclehealth.com | 2018 | San Francisco, United States | $104M | 258 | An online platform is provided for deaddiction doctor consultations. | |
| boulder.care | 2017 | Brooklyn, United States | $82.46M | 74 | Telehealth-based treatment for substance use disorders is provided. | |
| pelagohealth.com | 2014 | New York, United States | $135.53M | 124 | Personalized virtual clinic solutions for substance use disorders are provided. |
Detailed competitors of Monument
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- Full competitor set
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Web traffic of Monument
The website of Monument (joinmonument.com) receives about 29.8K visits a month and ranks #1,296,678 among all websites worldwide, #10,570 in Business Services.
- Monthly visits29.8K
▲ 53% vs previous month
- Unique visitors8K
per month
- Global rank#1,296,678
among all websites
- Category rank#10,570
Business and Consumer Services · Business Services
- Bounce rate48%
- Pages per visit2.2
- Average visit32 sec
- DevicesDesktop 32% · Mobile 68%
Websites whose visitors overlap most with Monument. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
intoactionrecovery.com | intoactionrecovery.com | 100% | #1,426,850 | – |
Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as Monument (Digital Health & Telemedicine) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
An application is provided for comparing prescription drug prices nationwide. | 2011 | Santa Monica, California, United States | USD 22.21 M | USD 796.85 M | 1,063 | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Alto Pharmacy is focused on providing convenient prescription delivery services. | 2015 | San Francisco, California, United States | USD 591.64 M | 802 |
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Related news about Monument
Complete news archive for Monument
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Frequently Asked Questions about Monument
Monument was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Monument is headquartered in New York, United States. It is registered at New York, New York, United States.
Michael Russell is the CEO of Monument, as recorded in our data. They have also founded this company.
Monument is a funded company, having raised a total of $23.61M across 3 funding rounds to date. The company's 1st funding round was a Seed of $7.5M, raised on May 2020.
Video consultations for mental and medical health needs are provided by Monument. Services include one-time or recurring appointments with trusted healthcare professionals. Prescriptions can be sent to preferred pharmacies. The platform supports insurance coverage checks and seamless scheduling. Focus is placed on building long-term relationships with doctors and therapists. Both physical and mental health concerns are addressed through a single platform.
Monument's top competitors include Bicycle Health, Pelago and Boulder Care.
Monument offers Video Appointments.
Monument has made 1 acquisition, including Tempest.
Monument has 7 investors. Key investors include Lerer Hippeau, VMG Partners, Alpaca, Red Sea Ventures, and NextView Ventures.