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Announced

Completed

Founders Fund led a $74m series D funding round in Modern Health.

Financials

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Transaction Value£65m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Private

United States

Minority

mental health solutions

Domestic

Medical Services

mental health services

Acquisition

Friendly

Completed

Synopsis

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Founders Fund, a San Francisco-based venture capital firm, led a $74m series D funding round in Modern Health, a mental health benefits platform, with participation from Lachy Groom. “If there is one thing we’ve learned from this past year, it’s that prioritizing employee mental health is critical for all companies – no matter the size. We should not have to wait until there is a global pandemic to take action. Business leaders have an imperative to prioritize the wellbeing of their workforces, because it directly impacts company productivity and performance – and because we care about our employees at work and outside of it,” Alyson Watson, Modern Health CEO and founder.

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