How Much Did Modyfi Raise?
Funding & Key Investors

Modyfi has successfully secured a major strategic investment, marking a pivotal moment in its operational expansion within the digital health sector. With a cumulative capital infusion reaching $7M, the firm is well-positioned to scale its telepsychiatry infrastructure. The most recent financing round, totaling $7M, underscores investor confidence in the company's mission to democratize access to mental health services through a robust, evidence-based clinical framework.

This influx of capital serves as a catalyst for Modyfi to enhance its technological capabilities and broaden its reach across diverse socio-economic demographics. By prioritizing a scalable, remote-first delivery model, the organization is effectively addressing the systemic barriers that have historically hindered consistent psychiatric care.

What is Modyfi?

Modyfi
SoftwareMultimedia, Games & Graphics SoftwareContent & Collaboration Software

Modyfi operates as a specialized telepsychiatry clinic, bridging the gap between patients and mental health professionals through a convenient, home-based digital interface. The company distinguishes itself by integrating evidence-based clinical practices with a holistic approach to patient care, ensuring that therapy and medication management are accessible regardless of geographic or socio-economic constraints. By fostering a collaborative environment that includes therapists, clinicians, and community stakeholders, Modyfi is redefining the standard for remote mental health delivery. The firm's commitment to continuous improvement and employee development ensures that its service model remains both high-quality and patient-centric, positioning it as a significant player in the evolving landscape of virtual healthcare.

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

A prominent venture capital firm established in 1977, specializing in supporting entrepreneurs across various stages of growth with a focus on transformative technology and healthcare businesses.

What's next for Modyfi?

Looking ahead, Modyfi is poised to leverage its recent capital injection to accelerate its national footprint and refine its proprietary care delivery platform. The strategic focus will likely center on optimizing clinical workflows and expanding the network of providers to meet the surging demand for accessible mental health support. As the company transitions into a more mature phase of its lifecycle, the emphasis will shift toward long-term sustainability and the integration of advanced diagnostic tools to further personalize patient outcomes. By maintaining its focus on evidence-based techniques and collaborative care, Modyfi is well-equipped to navigate the complexities of the healthcare market and achieve its goal of global service accessibility.

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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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