At Modern Health, we envision a world where mental health becomes a priority and strength for all. In 2018, with cofounder Erica Johnson, she joined accelerator Y Combinator to create one, raising $11 million from the likes of Kleiner Perkins and actor Jared Leto. Powered and implemented by Interactive Data Managed Solutions. And every single company needs this; this is going to be one of 2020s most critical benefits that any company can offer their employees.. Alyson Friedensohn and Erica Johnson, cofounders, Modern Health. But, in recent years, companies have come under stricter scrutiny, particularly in highly-regulated industries like healthcare where rule-breaking can have severe consequences for the end-user. San Francisco-based Modern Health, a startup offering mental health support as a corporate benefit, has successfully closed a $31 million Series B funding round led by Founders Fund and John Doerr, in addition to Kleiner Perkins and Afore Capital. The combo leaves them poised to excel as millennials move into management and the stigma around talking about mental health issues in the workplace fades. Alyson Friedensohn Watson is the founder and CEO of Modern Health, the comprehensive mental health care solution designed for global enterprises that provides a wide variety of mental health. Explains Alyson, Its about getting early adopters who believe in your mission and take a chance on you. Working at benefits provider Collective Health, Friedensohn noticed clients requesting a mental health platform. There are 20+ professionals named "Alyson Watson", who use LinkedIn to exchange information, ideas, and opportunities. For me to do an investment of this size, I need to think the CEO is phenomenal, says Founders Fund partner Brian Singerman, noting that Friedensohn leadership was at the top of his list of reasons for investing. AlysonFriedensohn12knows that we live in an era of buzzing techno-gnatsmachines designed to steal our attention and make us feel out of control. The team needs you to commit to it. But it soon spiraled into disaster. This week two guests join the showFounder and CEO of Modern Health, Alyson Friedensohn and Founder and Executive Director of Empower Work, Jaime-Alexis Fowler. "We're building a brand that helps remove the stigma around therapy," says Friedensohn. There are not enough therapists on planet Earth to meet the demand were seeing.. This button displays the currently selected search type. RSS Feed, 2023 Johns Hopkins University, Zanvyl Krieger School of Arts & Sciences, 3400 N. Charles St, Baltimore, MD 21218. Here are some of the notable areas you'll find the 2020 Under 30s making waves: Preventing burn out: Work can be stressful. "We're making mental health cool. When contacted by Axios, Johnson's attorney declined to provide additional information, and neither Johnson herself nor C3 Ventures responded to our inquiries. The advantages to employers are clear,Friedensohnsays. Europe, Menlo Park, China), Where the person is located (e.g. Its clear that these devices have some impact on our mental health, saysFriedensohn. 613 per stip/ order (613) june 23, 2022: docket event Were trying to make mental health more accessible and more engaging to the entire population,Friedensohnsays. These are only a handful of the impact-driven leaders placing purpose at the forefront of their business strategy. Alyson (Friedensohn) Watson CEO & Founder @ Modern Health Greater Boston 7K followers 500+ connections Join to view profile Modern Health About Alyson Watson is the founder and CEO of Modern. More from Forbes 30 Under 30 - Social Entrepreneurs 2020 List. I'm thrilled to announce that registration is now open for #Elevate2022, Modern Health's virtual conference bringing together experts from every corner of the mental health world to destigmatize mental health. They just completed a $9 million round of Series A funding, with investments from Kleiner Perkins and Jared Leto (who heard about their work at Y Combinator and invited them backstage at a concert where he was performing his Thirty Seconds From Mars song about depression, Rescue Me). Think iFreud where companies foot the bill. The idea for the platform germinated duringFriedensohnstutelage at several health tech companies, but its seed was planted when she was a Hopkins undergrad. 1,121 Followers, 868 Following, 39 Posts - See Instagram photos and videos from Alyson Friedensohn Watson (@alysonhwatson) We believe in taking on the burden of finding the right type of care for each person so they get help as soon as they need it. The company offers holistic emotional health services to corporations, from counseling to career coaching, meditation apps, and other services online. The digital platform analyzes job offers and uses crowd sourced reviews, data and machine learning to determine how much more an employee can request during the negotiating processwhether thats a higher salary or more equity in a company. FORTUNE may receive compensation for some links to products and services on this website. The traditional path to a mental health provider can be byzantine; Modern Health, by contrast, engages people the way they are accustomed to accessing information today -- on a mobile device, in real time, with the ability to customize. Alyson shares how her company, Modern Health, offers comprehensive mental well-being support for companies like lyft, Pixar, Zendesk, and Rakuten, among others. There may come a time when the pace of development for these devices slows down, simply because they are too harmful to peoples mental health.. Check them out here. Headquartered in San Francisco, Modern Health has raised more than $172 million from Founders Fund, Kleiner Perkins, Battery Ventures and 01 Advisors (Dick Costolo and Adam Bain), and is now valued at $1.17 billion. Perhaps not surprising, the pandemic was the biggest source of employee angst throughout 2020. Alyson Friedensohn '12 knows that we live in an era of buzzing techno-gnatsmachines designed to steal our attention and make us feel out of control.She understands that the social media sites many of us visit on our devices often turn us blue and that our electronic leashes can make us feel tied to our jobs 24/7, creating stress and anxiety. As its website states, We see things differently at Modern Health. You can update your choices at any time in your settings. Friedensohn also denied Johnsons assertion that her leadership has led to significant turnover, noting that the company has not lost a single employee or customer since Johnsons departure in September. Stephanie Young, 27, experienced this firsthand. Helping underrepresented groups build credit: Building or improving ones credit score can be particularly difficult for immigrant or low-income communities. Modern Health culminates Alysons dream of starting her own company. Inclusivity and belonging are core tenets of psychological safety. Yes, but: The complaint is explosive, but does not include any emails, affidavits, or other supporting evidence. They most recently attended, or will attend, WebSummit Lisbon 2021 on Nov 1, 2021. While Im nervous to share all of this, I feel obligated to feel vulnerable knowing that my team has my back, she explained. Director of Clinical Strategy & Experience, Head of Coaching & Special Clinical Projects, Sr. Join us for two action-packed days featuring keynote presentations with well-renowned speakers, practical stress-relieving workshops, panel discussions with leading experts, interactive Q&As, and exclusive industry research. With employee burnout costing American companies up to $190 billion every year, corporate leaders are increasingly investing in preventative solutions to protect their employees mental health. Tackling the unemployment rate for black graduates: After graduating from Dillard University, a historically black college, 29-year old Nicole Tinson received her masters degree from Yale University. #mentalhealth #health #research #virtualconference. She understands that the social media sites many of us visit on our devices often turn us blue and that our electronic leashes can make us feel tied to our jobs 24/7, creating stress and anxiety. Modern Health, the companyFriedensohnco-founded in 2017, provides a mental health well-being platform that uses iOS and Android apps and the internet to connect employees of member companies with mental health professionals and self-help programs. Customers pay a monthly fee on a per-employee basis. The announcement comes just days after Axios released the complaint filed by former Modern Health cofounder and CTO Erica Johnson, which alleges the company bribed and lied its way into attracting investors and customers. We believe in building a network of top-quality providers all around the world, producing a standardized care experience for all employees no matter where theyre based. Return to Portfolio She was told in order to succeed she had to move to move to Silicon Valley, so she packed up everything and booked a one-way ticket to San Francisco in hopes of making all her entrepreneurial dreams come true. Cue Modern Health, the brainchild ofAlyson Friedensohn, 29, and over-30 cofounder Erica Johnson. Alyson has been named to the Forbes 30 Under 30 and Fortunes 40 Under 40 lists and is currently an advisor to the startups Chorus Meditation, Dorsal Health and OfficeTogether. Its clients include such major employers as Electronic Arts, Pixar and Lyft. They have also lived in Washington, DC and Milton, MA. Jamal Toppin San Francisco-based Modern Health, a startup offering mental health support as a corporate benefit, has successfully closed a. Previous investors include Y Combinator and Oscar-winning actor Jared Leto. And Novembers presidential election caused considerable stress and anxiety. The team of 40 will double in size in the coming year (the company had 10 employees this time last year) as the company continues to add to its product, design and marketing departments. Participants go through a triage process that determines whether theyare in need ofimmediate therapeutic help or whether they report some mental distress that can be handled via the intervention of a life coach. For better or worse, we're not robots yet.. Yes, but: The complaint is explosive, but does not include any emails, affidavits, or other supporting evidence. Modern Health and its attorney emphatically deny all the allegations, including the equity kickbacks, as does a current company employee whom Johnson's lawsuit claims was instructed to lie. The ousted co-founder of a Kleiner Perkins-backed startup claims that the company which sells mental health services as an employee benefit bribed and lied to prospective customers, according to a lawsuit filed in San Francisco Superior Court. Alyson Watson, CEO and Founder, Modern Health. She likens this approach to flight attendants reminding passengers that, in the case of an emergency, they need to put on their own oxygen mask before assisting their kids. Her digital mental health start-up Modern Health offers psychological assessments, remote therapy sessions, career coaching, and guided meditation. Modern Health, which is based in San Francisco, combines virtual one-on-one access to therapists and coaches with digital content like guided meditations. This led Young to create Riva in 2014. 2010: Played three games named to ALC Academic Honor Roll caused one turnover in season-opening win at George Mason. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. What we're doing is building a solution that helps people build resilience Human capital is still the number one asset for every employer, says Friedensohn. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices It is the companys second financing round in the past year, bringing their total funding to $42 million. Friedensohn comes from the world of health care startups and management consulting (with a side of CorePower Yoga instruction), and Johnson has a degree in neurobiology and did neuroscience research at UCSF. Membercompanies can offer employees a health program that can also lower the cost employers pay for mental health insurance or individual claims. Modern Healths goal is to make seeking out mental health support of all kinds less worrisome and stigmatizing. Despite having a resume that boasts four degrees from Stanford Universitytwo engineering degrees, an M.B.A. and a masters degree in environmental scienceshe found it downright impossible to negotiate her salary at her first post-college job. Making food waste a thing of the past: Abhi Ramesh, 27, is dedicated to breaking the food waste cycle by helping ugly produce that would likely be thrown out find a good home: your home. Even asa major in what was then calledglobalenvironmentalchange andsustainability at the Krieger School, she focused on aspects of health and nutrition, including the scope of Baltimores food deserts. Add Modern Health as your mental health benefit provider and see your workforce thrive. Our mission and vision At Modern Health, we envision a world where mental health becomes a priority and strength for all. Alyson Friedensohn helps employees from hitting the breaking point. Earlier this year, Esusu launched its signature rent-reporting platform, which gives renters credit for making monthly payments, a benefit historically reserved for homeowners. All Rights Reserved. 2023 Forbes Media LLC. Rivas customers, on average, are able to tack on 20% more to their initial offers, and the company has successfully negotiated on behalf of employees at companies like Google, Apple, Amazon and Facebook. Founder, Modern Health Modern Health is the first emotional health benefits platform that supports all employees. We offer a solution that helps someone before they get to these crisis modes, which is incredibly valuable and has a strong ROI for employers.. Alyson Friedensohn Watson embodies this alignment. The property sits on a twin lot just blocks from Soho House. The platform does more than repurpose smartphones as devicesforhealth. Twitter Work can be stressful: a Stanford Business School study estimated job burnout costs America $190 billion in health spending a year. Traditionally, people think about mental health on this spectrum of green to red but mental health is not just about people in crisis, it doesn't just mean that people are in the red, explains Friedensohn, who was named to this years Forbes Under 30 list. 2023 Fortune Media IP Limited. 650 California St Floor 7, San Francisco, CA 94108 Office 07-128, 2023 Modern Life, Inc.All rights reserved, 2022 Modern Life, Inc. All rights reserved. Modern Health plans to use the funding to further expand internationally, in addition to increase their product offerings. CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Misfits Market is a subscription service that delivers misshapen but otherwise perfectly edible fruits and vegetables to consumers in 19 states as well as Washington, D.C. Their platform is available in over 60 countries and clients already include companies like Pixar, Nextdoor and Gitlab. Employees will be in better emotional shape, possibly making them more productive and less likely to use sick days. Nor are she and her staff immune to the stress. So, Alyson designed Modern Health to enable people to be proactive about their mental health before they reach a crisis point. These days,Modern Healths own well-being has taken a sharp turn for the better. Having them have a good experience and also giving us feedback on our product and our platform allowed us to iterate much faster. I had friends and family around me who encouraged me to keep going, but many people don't [have this level of support], recalls Alyson. Esusu has served more than 30,000 people since its 2016 launch, saving them over $20 million in interest rates. She knew from experience that finding a practitioner, much less paying for services, is challenging. Modern Health 451 subscribers Alyson Watson, CEO and Founder of Modern Health, discusses the inspiration behind the founding of Modern Health. Unlike competitors like Talkspace that primarily cater to individual consumers, her company is narrowly focused on providing psychological services to corporate employees. Alyson knew that she cared deeply about de-stigmatizing mental health and increasing access to it, but she found a way to turn this passion into a multi-million dollar company: she founded Modern Health, which today announced their Series C funding of $51M dollars led by Battery Ventues with . Learn more in our Cookie Policy. The plaintiff is Erica Johnson, a neurobiology researcher and engineer who co-founded Modern Health in 2017 with Alyson Friedensohn, but was later fired. Johnson filed suit against both Modern Health and Friedensohn for breach of contract, wrongful termination, relation, and defamation. Other participants may be in strong emotional shape but are in search of ways to stay on top of their emotional health. Modern Health empowers employers to lead the charge in destigmatizing mental health and . But Alyson has pointed out it was far from the only one. Her digital mental health start-up Modern Health offers psychological assessments, remote therapy sessions, career coaching, and guided meditation. She then advised them: Whether that is eating healthy, getting exercise, turning OFF technology for some time in the day, meditating, spending time with your kids, your significant other, your family -- now is the time to do it. Alyson Friedensohn helps employees from hitting the breaking point. In fact, as she came to realize, there is a shortage of therapists globally, and most therapists don't accept insurance because the reimbursement rates are so low. While investors declined to comment on Johnsons specific allegations, multiple funders confirmed they were made aware of the of the pending lawsuit prior to closing the funding round and it did not deter them from investing. California Health Care Female Founded Companies, United States Wellness Female Founded Companies, West Coast Therapeutics Female Founded Companies, San Francisco Bay Area Late Stage Companies With More Than 50 Employees, San Francisco Bay Area Therapeutics Female Founded Companies, Number of Organizations that the person founded, Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Where the person is located (e.g. Alyson Friedensohn. Alyson Watson founded Modern Health to empower employers to lead the charge in acknowledging that mental health is just as important as physical health and to help expand the availability of mental health services with virtual and web-based programs that companies could offer to their staff. Founded in 2017, Modern Health combines evidence-based psychology principles and seamless technology to serve the needs of global companies like Pixar, SoFi, Lyft, Nextdoor, EA, Okta and Rakuten. 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