What is myStrength?
myStrength operates as a sophisticated digital emotional health platform, providing a robust ecosystem of evidence-based resources designed to address a spectrum of psychological challenges. The platform distinguishes itself through a hybrid model that combines 24/7 access to personalized digital tools with the capability to connect users directly with licensed therapists. By focusing on high-impact areas such as stress management, sleep hygiene, and depression, the company addresses critical gaps in the current healthcare landscape. Its business model is primarily B2B2C, distributing services through employers, health plans, and clinical providers, which allows for high-volume user acquisition and sustained engagement. This strategic positioning enables the company to act as a scalable solution for organizations aiming to reduce the burden of untreated mental health conditions among their populations.
How much funding has myStrength raised?
myStrength has raised a total of $7.4M across 2 funding rounds:
Debt
$1.5M
Private Equity
$5.9M
Debt (2014): $1.5M with participation from The Colorado Health Foundation
Private Equity (2017): $5.9M, investors not publicly disclosed
Key Investors in myStrength
The Colorado Health Foundation
A philanthropic organization dedicated to advancing health equity and dismantling systemic barriers to well-being through strategic funding and policy advocacy.
Undisclosed Investor
Undisclosed investor participating in the funding round.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for myStrength?
Looking ahead, the strategic deployment of the $5.9M will likely focus on enhancing the platform's clinical efficacy and expanding its integration capabilities within existing healthcare workflows. As the digital health market matures, myStrength is expected to prioritize the development of advanced data analytics to personalize user journeys further and improve clinical outcomes. The company is also poised to deepen its partnerships with health systems, potentially moving toward more integrated care models that facilitate seamless transitions between digital self-help and professional clinical support. By maintaining its focus on evidence-based methodologies, myStrength is well-equipped to navigate the evolving regulatory and competitive landscape of the digital therapeutics industry.
See full myStrength company page
