Founded Year

2017

Stage

Series D | Alive

Total Raised

$168.06M

Valuation

$0000 

Last Raised

$74M | 4 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-29 points in the past 30 days

About Modern Health

Modern Health serves as a global mental health solution provider in the healthcare industry. It offers services including one-on-one clinical therapy, group therapy sessions, and self-guided mental health resources designed to support the emotional, professional, social, financial, and physical well-being of employees. It primarily serves employers, consultants, health plans, and individuals seeking mental health benefits for their workforce or clients. Modern Health was formerly known as Modern Healthcare. It was founded in 2017 and is based in San Francisco, California.

Headquarters Location

650 California Street Floor 7, Office 07-128

San Francisco, California, 94108,

United States

617-980-9633

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ESPs containing Modern Health

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Care Delivery & Navigation Tech

The tele-psychiatry providers market utilizes technology to provide remote mental health services to patients. This market includes telehealth platforms, virtual clinics, and online therapy services that offer psychiatric consultations, therapy, and medication management. The market is driven by increasing demand for convenient and accessible mental healthcare services, as well as a shortage of me…

Modern Health named as Challenger among 15 other companies, including Talkspace, Spring Health, and Lyra Health.

Modern Health's Products & Differentiators

    Modern Health

    Matching Members To The Right Care Using millions of data points & proprietary technology, including AI & machine learning, we match individuals with the right care based on clinical needs & preferences, driving impressive outcomes while reducing healthcare costs & lost productivity for employers. We’re creating a future where powerful anonymized data is combined with cutting-edge technology to create a truly personalized recommendation engine. This goes beyond conventional standards, creating precise care plans based on an individual’s unique needs, experiences, & preferences. The result? Higher engagement & more meaningful outcomes. Unlike other solutions, we take a full population health approach to supporting people. Our innovative needs-based care approach is proven to not only reduce mental health issues but also prevent

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Research containing Modern Health

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Modern Health in 1 CB Insights research brief, most recently on Sep 13, 2023.

Expert Collections containing Modern Health

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Modern Health is included in 7 Expert Collections, including HR Tech.

H

HR Tech

5,910 items

The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.

U

Unicorns- Billion Dollar Startups

1,270 items

D

Digital Health 50

150 items

The most promising digital health startups transforming the healthcare industry

C

Conference Exhibitors

5,302 items

D

Digital Health

11,305 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

T

Telehealth

3,114 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

Latest Modern Health News

Modern Health Appoints Matt Levin as CEO, Founder Alyson Watson Transitions to Executive Chair

Apr 4, 2025

Modern Health, a leading global workplace mental health platform, today announced the appointment of Matt Levin as Chief Executive Officer (CEO). Founder and former CEO Alyson Watson will transition into the role of Executive Chair of the Board, where she will continue to shape the company's long-term vision and strategy. “This is an incredibly exciting moment for Modern Health,” said Alyson Watson. “With immense pride and gratitude, I've decided to transition into the role of Executive Chair of the Board—a move that allows me to stay closely involved in the company's strategic direction while also creating more space to be present for my family. Modern Health has always been driven by a singular purpose: to make mental health a strength and priority for all—through the products we build, the meaningful difference we're making in people's lives, and the transformation we're bringing to workplaces worldwide. I have full confidence that Matt is the perfect leader to take us through this next chapter to scale that vision, expand our reach, and deepen our impact around the world.” "Alyson's vision, tenacity, and leadership have been the driving force behind Modern Health's incredible journey—from a bold idea to one of the most impactful and effective mental health platforms in the market," said Mamoon Hamid, Partner at Kleiner Perkins and Modern Health Board Member. "She has built an extraordinary team and mission-driven company that delivers exceptional business results and improves lives every single day. Her transition to Executive Chair ensures we continue to benefit from her strategic vision and unwavering commitment to the company's mission as we enter this next exciting chapter." Levin brings more than two decades of leadership experience across the benefits, healthcare, and HR technology and services sectors. He most recently served as CEO of People 2.0, a global HR services platform enabling flexible work across more than 50 countries. Prior to that, he was President and CEO of Benefitfocus, which was acquired by Voya Financial in 2023. Levin also spent over a decade in executive leadership roles at Hewitt Associates and Aon, and served on the board of OneDigital—giving him extensive expertise in the benefits consulting space. Named to Crain's Chicago “40 Under 40” and the World Economic Forum's “Young Global Leaders,” Levin holds degrees from Northwestern University and the University of Chicago Booth School of Business. A longtime advocate for workplace innovation and well-being, he is widely recognized for his ability to scale high-growth organizations and drive meaningful impact. “I've long admired Modern Health's mission and the real impact it's had in transforming how mental health is supported in the workplace,” said Matt Levin. “Throughout my career, I've focused on building technology and service-driven solutions that improve population health—and I've always believed there's more we can do. Alyson and the team have built something truly special: an innovative platform that's changing lives and redefining what workplace mental health can look like. I believe the opportunity ahead of us is enormous and I'm honored to join at such a pivotal moment and excited to work alongside this incredible team to expand our impact.” “Modern Health has always stood out for its forward-thinking vision and unwavering focus on impact—and that's a direct reflection of Alyson's leadership,” said Dick Costolo, Managing Partner and co-founder of 01 Advisors and Modern Health Board Member. “She's grown the company from a founder's idea into a global platform trusted by the world's leading employers, all while keeping purpose and people at the center. With Matt stepping in as CEO, we're gaining a seasoned leader with unmatched expertise in the benefits space. His experience and energy are exactly what the company needs as it enters this next phase of growth and scale.” This news will be followed by continued momentum, including its upcoming industry conference, Elevate Well-Being , on May 7, 2025—a global gathering of HR and benefits leaders focused on advancing the future of workforce mental health and well-being worldwide. Visit Modern Health to learn more. About Modern Health Modern Health is a global leader in adaptive mental health care, dynamically offering multi-modal mental health support that delivers meaningful outcomes at a sustainable, predictable cost. With therapy, psychiatry, coaching, community groups, self-guided tools, and crisis support, we dynamically create individualized care journeys to address a spectrum of mental health needs and preferences with culturally responsive providers in 200+ countries and territories and 80+ languages. Backed by peer-reviewed research and a proprietary blend of technology and live support, Modern Health delivers measurable outcomes, globally equitable access, and sustainable pricing. Our industry-leading Adaptive Care Model and dedicated, human-centered, operationally tuned, customer success partners make us a trusted partner for organizations worldwide. Visit us at http://modernhealth.com to learn how we can help you optimize your people and your business. View source version on businesswire.com: https://www.businesswire.com/news/home/20250404652765/en/ "Alyson and the team have built something truly special: an innovative platform that's changing lives and redefining what workplace mental health can look like." Contacts Contact details: press@modernhealth.com

Modern Health Frequently Asked Questions (FAQ)

  • When was Modern Health founded?

    Modern Health was founded in 2017.

  • Where is Modern Health's headquarters?

    Modern Health's headquarters is located at 650 California Street, San Francisco.

  • What is Modern Health's latest funding round?

    Modern Health's latest funding round is Series D.

  • How much did Modern Health raise?

    Modern Health raised a total of $168.06M.

  • Who are the investors of Modern Health?

    Investors of Modern Health include Kleiner Perkins, Founders Fund, Battery Ventures, Felicis, Lachy Groom and 14 more.

  • Who are Modern Health's competitors?

    Competitors of Modern Health include Journey, Anise Health, Likeminded, Spring Health, Unmind and 7 more.

  • What products does Modern Health offer?

    Modern Health's products include Modern Health and 4 more.

  • Who are Modern Health's customers?

    Customers of Modern Health include Lyft, https://www.cebt.org/, Denny's, Doordash and Rivian.

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Compare Modern Health to Competitors

Lyra Health Logo
Lyra Health

Lyra Health operates in workforce mental health care within the health benefits industry. The company provides a digital platform that connects employees to mental health providers and tools, utilizing artificial intelligence (AI) for provider matching and offering evidence-based support. Lyra Health serves employers seeking to provide mental health benefits and support employee well-being. It was founded in 2015 and is based in Burlingame, California.

Spring Health Logo
Spring Health

Spring Health specializes in providing mental health solutions within the healthcare sector. The company offers a range of services including personalized care plans, access to a network of mental health professionals, and support from dedicated Care Navigators, utilizing a proprietary assessment and machine-learning technology to tailor care to individual needs. Spring Health primarily serves the employer and health plan segments within the healthcare industry. It was founded in 2016 and is based in New York, New York.

Unmind Logo
Unmind

Unmind is a workplace wellbeing platform that creates mentally healthy work environments across various sectors. The company offers tools and services to support mental health, utilizing a data-driven approach to provide personalized care and insights for organizational well-being strategies. Unmind primarily serves enterprises looking to enhance their employees' mental health and well-being. It was founded in 2016 and is based in London, United Kingdom.

Headspace Logo
Headspace

Headspace is a digital health company that focuses on mental wellness and mindfulness. It offers products, including guided meditations, sleep aids, and mindful movement exercises designed to improve mental health and well-being. It primarily serves individuals seeking personal mental health support and organizations looking to enhance employee well-being. It was founded in 2010 and is based in Santa Monica, California.

Calm Logo
Calm

Calm operates as a mental wellness brand in the health and wellness industry. The company provides a digital platform for sleep, meditation, and relaxation, aimed at helping users manage stress, sleep better, and live healthier, happier lives. It primarily serves the corporate sector, providing mental fitness and resilience as an employee benefit. It was founded in 2012 and is based in San Francisco, California.

Big Health Logo
Big Health

Big Health is a company that provides digital mental health solutions within the healthcare sector. They offer a suite of app-based treatments using cognitive and behavioral techniques for issues like anxiety, sleep disturbances, and mood disorders. Their services cater primarily to employers, health plans, and benefits consultants. It was founded in 2010 and is based in San Francisco, California.

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