How Much Did Modyfi Raise?
Funding & Key Investors

Modyfi has secured $7M in total capital, with a recent strategic investment of $7M announced on August 23, 2023. This significant backing underscores the company's pivotal role in the expanding telepsychiatry sector and its commitment to enhancing mental healthcare accessibility.

What is Modyfi?

Modyfi
Healthcare ServicesMental Health & Rehabilitation Facilities

Modyfi operates as a telepsychiatry clinic, providing individuals with convenient access to medication providers, therapists, and other mental health professionals from the comfort of their homes or any location. The company's core mission is to systematically improve access to mental health services across all socio-economic classes, states, and eventually globally. Modyfi emphasizes a holistic, evidence-based approach, continuously integrating new therapeutic techniques into its practice. As a growing entity, Modyfi prioritizes investment in its employees to foster exceptional customer service and a collaborative care model.

How much funding has Modyfi raised?

Modyfi has raised a total of $7M across 1 funding round:

2023

Other Financing Round

$7M

Other Financing Round (2023): $7M with participation from New Enterprise Associates

Key Investors in Modyfi

New Enterprise Associates

New Enterprise Associates (NEA) is a prominent venture capital firm established in 1977, known for its focus on supporting entrepreneurs in building impactful businesses across various sectors.

What's next for Modyfi?

The recent major strategic investment signals Modyfi's readiness for accelerated expansion and service enhancement. This capital infusion is likely to fuel further development of its telepsychiatry platform, potentially broadening its service offerings and geographic reach. Strategic partnerships and technological advancements are anticipated as Modyfi aims to solidify its position as a leader in accessible, high-quality mental healthcare, leveraging its evidence-based methodologies and employee-centric operational philosophy.

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Frequently Asked Questions Regarding Modyfi Financial Insights

What are the most recent funding rounds that Modyfi has completed, and what were the funding rounds?
Modyfi has recently completed 1 funding rounds: Other Financing Round on Aug 23, 2023.
What is the total amount of funding Modyfi has raised to date?
Modyfi has raised a total of $7M in funding to date.
How many funding rounds has Modyfi completed?
Modyfi has completed 1 funding rounds.
How much funding did Modyfi raise in its most recent funding round?
Modyfi raised $7M in its most recent funding round.
Who are the lead investors in Modyfi's latest funding round?
The lead investor in Modyfi's latest funding round was New Enterprise Associates. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Modyfi's history?
The largest funding round in Modyfi's history was $7M.
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