SAN FRANCISCO, April 08, 2021 (GLOBE NEWSWIRE) — Modern Health, a number one office psychological well being platform supporting 220+ enterprises globally, stories spectacular progress and progress in opposition to an progressive product roadmap within the first quarter of 2021. Trendy Well being introduced the shut of its $74 million Sequence D funding spherical bringing its complete funding to $172 million and valuation to $1.17 billion and the acquisition of psychological well being startup Kip to additional develop the corporate’s suite of psychological well being options and analytics.
“Over the previous 12 months, we’ve seen an enormous enhance in demand for psychological well being help. Our first quarter of 2021 represented many vital milestones for the group, together with elevating $74 million in new capital, hitting unicorn standing quicker than another solely feminine led firm within the U.S., greater than tripling our worker headcount since March 2020, and releasing a number of new merchandise and modalities of care to satisfy that demand head-on,” stated Alyson Watson, founder & CEO of Trendy Well being. “I’m extremely proud that we proceed to exceed monetary, buyer, and innovation milestones, all whereas making big strides in destigmatizing psychological well being and growing accessibility of psychological well being help for workers internationally. Workforces have by no means wanted psychological well being help greater than they’ve over the past 12 months, and we’re laser targeted on supporting these people-first firms.”
The worldwide pandemic accelerated the necessity for higher psychological well being help within the office and Trendy Well being has been fast to reply by launching new modalities of care, like stay provider-led group help classes, and product improvements over the past three months as wants and demand evolve.
“Our empathetic and responsive staff has enabled Trendy Well being to evolve rapidly and effectively to satisfy the wants of the previous 12 months,” provides Watson. “Since March 2020 we’ve doubled our buyer base and rolled out 110+ new in-app digital programs tailor-made to the distinctive challenges of 2020 from stopping burnout to social isolation to parenting in a pandemic. We witnessed the surge in demand for psychological well being help prompted by the challenges of the 12 months and arrange a completely new modality of care to offer stay provider-led group help for extra individuals – Circles.”
Circles are stay, provider-led group classes – accessible to each Trendy Well being members and non-members alike – that present a judgement-free house for people to study, share, and discover group on matters that impression their wellbeing. Trendy Well being has additionally launched superior shopper on-demand reporting in addition to introducing a weekly audio sequence, The Reset, accessible completely to members to dedicate only a few minutes every week to recharge, declutter their thoughts, and be current within the second.
Trendy Well being has continued to onboard key hires remotely together with two trade veterans, Kostja Mirkovic, who joins the staff as Vice President, Income Operations and Technique and Lisa Giacinti, taking on the Vice President, Partnerships function. Mirkovic joins with a wealth of technique and operations expertise having held management roles at firms together with LinkedIn and Credit score Suisse, following his time as guide with Bain & Co. Giacinti brings many years of expertise within the healthcare subject, most not too long ago main partnership and channel efforts at Kindbody and Castlight Well being.
“I’m thrilled to be becoming a member of an organization that’s altering the way forward for psychological well being within the office,” feedback Mirkovic. “I’m keen about fixing issues at scale that may assist individuals stay longer, more healthy, and happier lives and I’ve been extremely impressed at how Trendy Well being helps each organizations and people. Trendy Well being is an organization that’s actually altering the healthcare panorama and I’m honoured to be a part of its journey.”
For extra details about Trendy Well being, go to modernhealth.com.
About Trendy Well being
Trendy Well being is the excellent psychological wellness platform that mixes the WHO well-being evaluation, self-service wellness kits, and a worldwide community of licensed coaches and licensed therapists accessible in 35 languages, all accessible in a single app. Trendy Well being empowers employers to guide the cost in acknowledging that psychological well being is simply as vital as bodily well being, destigmatizing the dialog, and growing accessibility of psychological well being providers for all.
Based in 2017, Trendy Well being incorporates evidence-based psychology ideas and seamless know-how to serve the wants of firms globally. Headquartered in San Francisco, Trendy Well being has raised greater than $172 million from Founders Fund, Battery Ventures, Felicis Ventures, Kleiner Perkins, Afore Capital, and 01 Advisors.
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