Modern Health Raises $74M in Series E
Modern Health has successfully raised $74M in a Series E at a $1.17B valuation led by Founders Fund, Kleiner Perkins.
Company Overview
Modern Health is a HealthTech company headquartered in San Francisco, CA, founded in 2017 with 400+ employees.
Mental health and wellness platform
Fundraising Details
- Amount Raised: $74M
- Round Type: Series E
- Valuation: $1.17B
- Date: 2021-11-17
- Investors: Founders Fund, Kleiner Perkins
About Modern Health
Mental health and wellness platform The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2017
- Team Size: 400+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Modern Health's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Modern Health's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.17B valuation marks an important milestone for Modern Health, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Modern Health is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-11-17. For more information about Modern Health, visit their headquarters at San Francisco, CA.
