What is Modyfi?
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 workplaces. The company's core mission is to systematically enhance access to mental health care across all socio-economic strata, aiming for global reach. 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:
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 transition into a scaling phase, likely focusing on expanding its service offerings, geographic reach, and technological infrastructure. This capital infusion will be critical for Modyfi to further its goal of improving mental health care accessibility. Future developments may include strategic partnerships with healthcare providers and insurers, as well as continued investment in its evidence-based treatment protocols and employee development to maintain its competitive edge in the evolving digital health landscape.
See full Modyfi company page
