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. It is the companys second financing round in the past year, bringing their total funding to $42 million. Learn more in our Cookie Policy. Understandably, she quickly became incredibly anxious and depressed, turning to whomever could help. 2023 Fortune Media IP Limited. Its clear that these devices have some impact on our mental health, saysFriedensohn. Other participants may be in strong emotional shape but are in search of ways to stay on top of their emotional health. 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.. Personal: Alyson H. Friedensohn born June 4, 1990 daughter of Peter Friedensohn and Patricia Hopkins father, Peter, played lacrosse at Dartmouth sister, Molly, played lacrosse at Columbia sister, Caitlin, played lacrosse at Tufts US Lacrosse Honorable Mntion All-American as a senior led team in scoring the last three seasons all-time career goals leader at Milton Academy with 233 led league in points as a junior three-time all-league selection member of Mass Elite Club team from 2003-07 All-Galaxy selection as a sophomore also played squash at Milton major is undecided. Alyson Friedensohn helps employees from hitting the breaking point. 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. In a little over two years, the San Franciscobasedcompany has taken off. While Im nervous to share all of this, I feel obligated to feel vulnerable knowing that my team has my back, she explained. The consolidated litigation against Modern Health, which was brought by the employee mental health platform's co-founder Erica Johnson and two other shareholders in separate complaints in November. Offers may be subject to change without notice. Modern Healths goal is to make seeking out mental health support of all kinds less worrisome and stigmatizing. Alyson Friedensohn is the founder and CEO of Modern Health, the mental health platform that combines clinically validated assessments, evidence-based digital tools and content, and an international network of certified coaches and licensed therapists available in over 30 languages all within a single app. Terms & Conditions. This case was filed in San Francisco County Superior Courts, San Francisco County Civic Center Courthouse located in San Francisco, California. Unlike competitors like Talkspace that primarily cater to individual consumers, her company is narrowly focused on providing psychological services to corporate employees. Johnson filed suit against both Modern Health and Friedensohn for breach of contract, wrongful termination, relation, and defamation. Yes, but: The complaint is explosive, but does not include any emails, affidavits, or other supporting evidence. The platform does more than repurpose smartphones as devicesforhealth. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. Recognizing this obstacle, 25-year-old Samir Goel and 27-year-old Wemimo Abbey created Esusu, a financial technology platform helping individuals save money and build credit. 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. Modern Health links employees from member companies to a range of services. Once they've had an amazing experience with Modern Health, that drives more customer referrals.. Clients include Pixar, benefits unicorn Gusto and neighborhood social network Nextdoor. There are not enough therapists on planet Earth to meet the demand were seeing.. Customers pay a monthly fee on a per-employee basis. But it soon spiraled into disaster. Membercompanies can offer employees a health program that can also lower the cost employers pay for mental health insurance or individual claims. 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. Earlier this year, Esusu launched its signature rent-reporting platform, which gives renters credit for making monthly payments, a benefit historically reserved for homeowners. The idea for the platform germinated duringFriedensohnstutelage at several health tech companies, but its seed was planted when she was a Hopkins undergrad. The advantages to employers are clear,Friedensohnsays. 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 tools and connects users with therapists, coaches and evidence-led digital content in one cohesive app, allowing workplaces to maximize productivity and foster more human-focused businesses. 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. 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. That's when the light bulb went off for me that there had to be a better way to proactively engage people in their mental health.. Its clients include such major employers as Electronic Arts, Pixar and Lyft. The platform currently offers psychological assessments, therapy sessions, career coaching, and guided meditation. In 2017, she launched HBCU 20x20, which connects HBCU students and graduates to jobs and internships. Alyson Friedensohn helps employees from hitting the breaking point. Support for life in motion Hear from Founder and CEO Alyson Watson on how Modern Health is changing the definition of mental health for people everywhere. 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. And that she needed to be open as an example herself. "We're building a brand that helps remove the stigma around therapy," says Friedensohn. The property sits on a twin lot just blocks from Soho House. They most recently attended, or will attend, WebSummit Lisbon 2021 on Nov 1, 2021. 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. CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. 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. We ask that you consider turning off your ad blocker so we can deliver you the best experience possible while you are here. Modern Health empowers employers to lead the charge in destigmatizing mental health and . FORTUNE may receive compensation for some links to products and services on this website. Alyson Friedensohn and Erica Johnson, cofounders, Modern Health. Matt Watson - Founder | CEO - Origin | LinkedIn Matt Watson CEO at Origin -- The first comprehensive money management platform for your workforce Greater Boston 3K followers 500+ connections. Within a year of launch, the organization has helped rescue more than 10 million pounds of food. 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. Jamal Toppin San Francisco-based Modern Health, a startup offering mental health support as a corporate benefit, has successfully closed a. Europe, Menlo Park, China), Where the person is located (e.g. And every single company needs this; this is going to be one of 2020s most critical benefits that any company can offer their employees.. When contacted by Axios, Johnson's attorney declined to provide additional information, and neither Johnson herself nor C3 Ventures responded to our inquiries. Nor are she and her staff immune to the stress. For better or worse, we're not robots yet.. RSS Feed, 2023 Johns Hopkins University, Zanvyl Krieger School of Arts & Sciences, 3400 N. Charles St, Baltimore, MD 21218. Modern Health culminates Alysons dream of starting her own company. I write about diversity and inclusion in and out of the workplace. Manager of Benefits & Mobility at Lyft. Alyson Friedensohn helps employees from hitting the breaking point. Women face unique challenges when negotiating job offers. Designer Morgan Brown has listed her West Hollywood compound for $16.9 million. Beyond that, the nations suicide and opioid addiction rates have burgeoned, signs that mental health needs overall are not being met. 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Even better, its donated thousands of pounds of food to local food banks and makes free produce available to schools, food-insecure college students and plant-based programs in hospitals. 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. 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. In fact, job burnout accounts for an estimated $190 billion in health spending a year in the U.S. 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. The lawsuit was filed last November in the San Francisco Superior Court. There are 20+ professionals named "Alyson Watson", who use LinkedIn to exchange information, ideas, and opportunities. Our mission is to destigmatize mental health care, break down barriers to access, and give everyone the tools they need to build resilience, proactively engage in their mental health, and get the clinical support they need when they need it. All of which relies on a foundation of educating people about mental health -- and impacting Social Capital in a fundamental way. Were trying to make mental health more accessible and more engaging to the entire population,Friedensohnsays. "We're making mental health cool. Employees will be in better emotional shape, possibly making them more productive and less likely to use sick days. Friedensohnhas developed a solution, one with a touch of irony: Yes, she has developed an app for that. All Rights Reserved. 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. 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. Explains Alyson, Its about getting early adopters who believe in your mission and take a chance on you. 613 per stip/ order (613) june 23, 2022: docket event The company offers holistic emotional health services to corporations, from counseling to career coaching, meditation apps, and other services online. All Rights Reserved. Yes, but: The complaint is explosive, but does not include any emails, affidavits, or other supporting evidence. Facebook Around 60companies, organizations, and universitiesincluding some heavyhitters such asPixar, Twitter, and Electronic Artshave signed up. 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. Founder, Modern Health Modern Health is the first emotional health benefits platform that supports all employees. Alyson Friedensohn. Copyright 2023 IBTimes LLC. A&S Magazine Spring 2020 Easing the Mind. The stark difference in career opportunities for graduates of each institution wasnt lost on her: Fortune 100 and tech companies heavily recruited Yale students but rarely visited her HBCUs campus. 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 The daughter of physicians,Friedensohnthought shedbecome a doctor. 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. Here are some of the notable areas you'll find the 2020 Under 30s making waves: Preventing burn out: Work can be stressful. She graduated from Johns Hopkins University with a degree in Global Environmental Change and Sustainability. We liken it to exhibiting the ultimate Social Capital -- caring for others first and letting the profits follow. Friedensohn and Modern Health deny all wrongdoing. What ends up happening is that who sees a therapist is based on who can afford one, not clinical need.. Instagram 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). Matt Watson, Co-Founder & CEO of Origin, joins Aubrey Aquino, Reporter, iHeart Media, and Hill Harper, Award-winning Actor, Founder & CEO of The Black . Their platform is available in over 60 countries and clients already include companies like Pixar, Nextdoor and Gitlab. Modern Health, a mental health startup from Y Combinator alums Friedensohn and Johnson, is just getting started, but the founders are confident that within a few years their service will be a check-the-box necessity for companies that tout their work/life balance credentials. The use of software that blocks ads hinders our ability to serve you the content you came here to enjoy. Modern Health 451 subscribers Alyson Watson, CEO and Founder of Modern Health, discusses the inspiration behind the founding of Modern Health. All Rights Reserved. Her digital mental health start-up Modern Health offers psychological assessments, remote therapy sessions, career coaching, and guided meditation. 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. The plaintiff is Erica Johnson, a neurobiology researcher and engineer who co-founded Modern Health in 2017 with Alyson Friedensohn, but was later fired. Think iFreud where companies foot the bill. The comprehensive mental health care platform for enterprises around the world. 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. 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. She quickly lost her fist job, her boyfriend broke up with her, her apartment flooded and she found herself with no place to live. In fact, job burnout accounts for an estimated $190 billion in health spending a year in the U.S. Alyson Friedesnsohn is the founder and CEO of Modern Health, the mental wellness platform that combines the WHO well-being assessment, personalized stress management support, an international network of certified coaches, and licensed therapists available in 35 languages to deliver wellness across a broad range of individual .