Modern Health raises $31 million to accelerate reach of mental health benefits

Modern Health has raised $31 million in a Series B round led by Founders Fund and John Doerr, with continued investments from Kleiner Perkins and Afore Capital. The company – a team of 55 according to LinkedIn – has raised a total of $42.4 million since its inception in 2017.

Modern Health’s experience starts by triaging people to the level of support that’s right for them. “By offering a comprehensive set of resources on a single platform, we make accessing mental health resources simpler for both companies and their employees. Whether that’s depression/anxiety, financial stress, relationship difficulties, or developing as a new manager, our platform provides a range of resources from guided meditations to a network of certified coaches and licensed therapists.”

“Getting mental health support has too often been stigmatized, especially in the corporate world. Modern Health has a unique approach that effectively de-stigmatizes care by making it available to everyone. Now companies can provide all employees, regardless of their spectrum of need, a solution that works for them, whether they need clinical support or prefer self-guided programs that promote their mental wellbeing.” – Investor John Doerr.