Happify Health, a NYC-based tech startup that aims to foster mental and physical well-being, announced Wednesday it closed on a $73 million Series D and related financing. The investments were led by Deerfield Management, bringing the nine-year-old company’s total funding raised to more than $123 million.
Co-founders Ofer Leidner and Tomer Ben-Kiki started Happify as a way to deliver science-backed programs and activities that promote overall health. Today, the platform’s two care programs — digital therapeutics and care delivery — help users manage more than 10 chronic conditions via the telehealth and therapeutic services. It also offers Anna, a software-based coach designed to engage with and support folks with chronic mental-health conditions.
Happify currently offers access to more than 20 million people through employers or healthcare professionals, and more than five million individuals have received care through the platform. The company says it is also working with five leading pharmaceutical partners on digital therapeutic solutions, as well as four national payers in order to help support their members’ mental and physical health.
The company has been especially busy amid the pandemic, when psychological distress has been reaching alarming heights.
To help folks cope, Happify has launched several new tools in the last year, including a “2020 Survival Kit” and Happify Connect, a new hub offered to employers and health plans that offers individuals mental healthcare solutions remotely. The company also worked with one of its corporate clients, Twitter, to offer parents working at the social media giant a series of live-streamed webinars led by psychologists and health experts. These were designed to help parents better guide their children along their e-learning journeys.
This fresh funding will help Happify continue to expand its platform even more through product development and global business development opportunities. The money will also be used to expand its team of scientists, researchers and digital health experts, as well as round out its leadership team. Plus, Happify has more than a dozen open tech positions, many of which are remote-friendly.
“To bring to life our mission of healing all people, one person at a time, it is critical that we accelerate the growth of our platform in several key areas,” Leidner said in a statement. “This financing will drive the development of a variety of new care modalities on our connected health platform.”
