TechCrunch
January 1, 2017
MentalHappy helps companies send custom care packages to employees going through a rough time
MentalHappy Inc
Digital healthcare designed for everyone
San Francisco, CA
Health Tech
MentalHappy is a social network designed to help people with their emotional health through peer support.
$186,959
raised
602
Investors
$6M
Valuation
$5.27
Price per Share
$100.13
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering
Rewards
Get rewarded for investing more into MentalHappy Inc:
$100+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$250+
Investment
Tier 2
Free membership for one year to MentalHappy Community for you and a friend + Tier 1 Perks.
$500+
Investment
Tier 3
MentalHappy T-shirt and a motivational note from CEO + Tier 2 Perks.
$1,000+
Investment
Tier 4
A thank you Wellness Kit, that includes luxury holistic products for you and a friend, and a handwritten personal note from our CEO + Tier 3 Perks.
$2,500+
Investment
Tier 5
Wellness Retreat Day with CEO, team, and other investors at this level + Tier 4 Perks.
$5,000+
Investment
Tier 6
10% bonus shares and a phone call with our CEO + Tier 5 Perks.
$10,000+
Investment
Tier 7
15% bonus shares and private investor dinner in San Francisco, CA + Tier 6 Perks. Transportation not included.
Reasons to Invest
MentalHappy is a Y Combinator backed company
Global Telemedicine Market is expected to reach USD 148.32 billion by 2025
Mental health is a critical component of your overall health and physical wellness
“We are bringing a scientifically proven solution to a Trillion Dollar crisis.”
The Problem
Our society is ill-equipped to handle emotional turmoil and mental illness
Very few people are raised with adequate tools and resources to combat mental illness, anxiety, and depression. Despite years of research proving the value of talk therapy and social support among other treatments for mental illness, there is still a stigma surrounding traditional therapy.
In addition, the healthcare system in our country is so convoluted and expensive to manage that many of us are simply unable to find the help we need. Untreated mental illness costs the US Healthcare system around $300 billion annually. Not to mention the interference with daily activities such as job performance, school work, and our personal relationships.
The Solution
An Online Community that offers the tools and assistance missing from our world
We provide a secure place for sharing that is designed to assist people on their healing journey by helping build a positive mindset and alleviate their inner turmoil.
We also offer digital toolkits with guided content for self-coping and self-relief, as well as access to licensed professionals for online coaching.
With actionable life plans, motivational messages, community access for social support, and lower premiums we are striving to make mental healthcare an accessible and stigma-free reality for everyone.
The Market
Mental illness does not discriminate
The market for those who need assistance with their mental health is quite vast. Worldwide projections claim that the preventative healthcare market will reach $240B by 2025. The global telemedicine market size is valued at USD 40.11 billion in 2018 and projected to grow at a CAGR of 20.54% for the ensuing years.
It’s important to note that these projections were made before the COVID-19 pandemic and the resulting mass migration to telemedicine (as well as the spike in need for mental wellness tools).
Our Traction
Built key partnerships across market segments
We have a letter of intent with Angle Health and a customer relationship with Devoted Health l.
We also have existing relationships with over 30 employers (Who have agreed to offer our product to their employees) such as SAP Concur, Boston Scientific, and eBay.
Leveraging those partnerships, as well as our proud sponsorship to the Global Wellness Institute (GWI), we project that we will be able to kickstart our community with 100K+ early adopters.
What We Do
A new way forward for mental health support
The most important factor for increasing mental well-being is creating better habits, a more optimistic outlook, and tools to handle life’s trials and tribulations. We teach people practical steps to enable them to deal with stress, fight negative thoughts, as well as promote self-awareness and confidence. And we hone in on the significant positive impact of social support.
We help people on their healing journey.
The Business Model
Subscription model
We monetize with a simple subscription model that charges individuals and employers $7/person each month. Additionally, we partner with Health Insurance providers to provide our services to their member-customers.
How We Are Different
Our best asset is our humanity
Apps and plans can only go so far. Most apps seek to maximize usership while limiting human interaction.
We combine human connection with practical tools that emphasize the massively helpful nature of connection and social support, resulting in powerful effects on mental health.
The Vision
We want to be at the forefront of the wellness market
With the confluence of telemedicine’s rise and the larger society’s increased emphasis on mental health, apps like ours will be the future.
We offer the most humanity-focused approach. We’re rising above the field and plan to become the leader of the Holistic Care sector of the wellness market in the next five years, starting from our partnerships with large employers and insurance companies.
Our Team
Wellness professionals driven to heal people
Amy Leo - Chief Positive Psychologist
Amy is a featured expert writer, published author, and speaker across various platforms such as ABC, Huffington Post, Amazon.com, Marriage.com, and Elephant Journal. She has over 15 years of experience as a therapist with a keen focus on positive psychology. She worked with individuals, couples, and leaders all over the world, teaching them how to make their minds work for them instead of against them. The core result of her work is that her clients experience resilience and clarity of mind that they use to guide their decisions as they deal with real-world challenges such as stress, loneliness, depression, separation, loss, and injury/illness. Amy is also an alum of the prestigious Johns Hopkins University where she received her degree in psychology.
Tamar Lucien Blue - Founder and Chief Executive Officer
Tamar is a Y Combinator Alum and a second-time founder. She has over seven years of experience in people operations and recruiting (helped 6x company revenue during the 2006 recession). In 2015, she successfully developed and sold and shipped over 10k curated wellness kits for over 200 employers to help them support employee emotional well-being. Tamar's personal experience with finding effective therapies for her generalized anxiety fuel her passion for helping people live more fulfilled lives through the MentalHappy platform. Tamar's work with MentalHappy has appeared in major publications such as Reader's Digest, TechCrunch, Silicon Valley Business Journal, Creative Mornings, and the CIPA award-winning book "Impact Founder: Inspirational Stories of Entrepreneurs Who Risk Everything for What They Believe". Tamar earned her MBA after graduating from Florida State University with a dual degree in Sociology and Economics.
Matthew Lock - Designer and Developer
Matt is a designer and developer and was recently an EIR at Nasdaq Entrepreneurial Center. He led development for multiple products within the future of work tools for low-income communities. Matt has over five years of experience leading technical teams and has an obsession with evolving and improving the user experience. He's guided multiple founders in his past life to launch successful international companies and was an early employee at Lyft.
We also have a team of psychologists, medical professionals from five different medical backgrounds, certified life coaches, and peer mentors allows us to operate a top-flight holistic offering.
Why Invest
What could be better than healing people?
We have a mental health crisis that represents the largest shift in medical spending. Investing in our company will give you a chance to be part of one of the greatest market shifts of our times for not only society, but for yourself, and your loved ones during their time of need.
In the Press
Reader's Digest
January 1, 2017
12 Millennial Entrepreneurs Who Started with Nothing—and Made a Fortune
Offering Summary
Company | : | MentalHappy Inc |
Corporate Address | : | 315 Montgomery Street, 10th Floor, San Francisco, CA 94104 |
Offering Minimum | : | $9,997.19 |
Offering Maximum | : | $1,069,999.72 |
Minimum Investment Amount(per investor) | : | $100.13 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 1,897 |
Maximum Number of Shares Offered | : | 203,036 |
Price per Share | : | $5.27 |
Pre-Money Valuation | : | $6,001,728.96 |
Voting Rights of Securities sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Company Perks*
Time-Based:
Friends & Family:
Invest within the first 72 hours and receive 20% bonus shares with your investment.
Super Early Bird:
Invest within the first week and receive 15% bonus shares with your investment.
Early Bird:
Invest within the two weeks and receive 8% bonus shares with your investment.
Amount-Based:
Tier 1: $100+
Free membership for one year to MentalHappy Community.
Tier 2: $250+
Free membership for one year to MentalHappy Community for you and a friend + Tier 1 Perks.
Tier 3: $500+
MentalHappy T-shirt and a motivational note from CEO + Tier 2 Perks.
Tier 4: $1000+
A thank you Wellness Kit, that includes luxury holistic products for you and a friend, and a handwritten personal note from our CEO + Tier 3 Perks.
Tier 5: $2500+
Wellness Retreat Day with CEO, team, and other investors at this level + Tier 4 Perks.
Tier 6: $5000+
10% bonus shares + a phone call from CEO + Tier 5 Perks.
Tier 7: $10,000+
15% bonus shares + Private investor dinner in San Francisco, CA + Tier 6 Perks. Transportation not included.
*All perks occur when the offering is completed.
The 10% Bonus for StartEngine Shareholders
MentalHappy Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of common stock at $5.27/ share, you will receive and own 110 shares for $527.00 Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$4,752.00
USD
$137,593.00
USD
Cash And Cash Equivalents
$2,436.00
USD
$131,711.00
USD
Accounts Receivable
$0.00
USD
$879.00
USD
Short Term Debt
$55,195.00
USD
$50,365.00
USD
Long Term Debt
$193,556.00
USD
$193,556.00
USD
Revenues And Sales
$38,129.00
USD
$26,022.00
USD
Costs Of Goods Sold
$61,540.00
USD
$32,236.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$137,841.00
USD
-$99,897.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
Notice of Material Change in Offering
6 days ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the MentalHappy Inc offering. Here's an excerpt describing the specifics of the change:
MentalHappy is extending the length of their campaign.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Notice of Funds Disbursement
18 days ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, MentalHappy Inc has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in MentalHappy Inc be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Join us for an IMPORTANT conversation about equitable access to capital and wealth-building in the Black community
24 days agoHi Everyone, It's Tamar here 😊I'm excited to join an amazing lineup of founders to share my entrepreneurial journey at the upcoming "Black Founders Forum" | February 18, 2021 | 1 pm PST/4 pm EST. I'll be joining my peers/founders of @communityxtech, @fanbaseapp_, @popcomtech, @mentalhappy, @wiglenergy and @soapsox, for an important conversation about equitable access to capital and wealth-building in the Black community.
The event is FREE and broadcast via Zoom. RSVP link: http://bit.ly/BFF_RSVP
___
MODERATOR: J. Ofori Agboka - VP of HR for Global Customer Fulfillment at Amazon.
___
This incredible event is powered by:
@StartEngineLA
@Amazon BEN (Black Employee Network)
@LinkedIn (Black Inclusion Group)
And the MERG-E (MultiCultural Employee Resource Group for Equity)
#Microsoft (Blacks at Microsoft)
#GM (African Ancestry Network (GMAAN)
#Ford African-Ancestry Network (FAAN)
#Denso African-Ancestry Network (DAAN)
#Verizon (Black Resource Association of Verizon Employees
#Accenture
___
#innovation #Founders #BlackHistoryMonth #startupbiz
#Entrepreneur #BlackFounders #Smallbiz #StartupLife
#startupfounder #EquityCrowdfunding
With gratitude,
Tamar Blue - MentalHappy Founder & CEO
Our CEO featured on award winning podcast Behind The Brilliance
about 1 month agoOur CEO, Tamar Blue was interviewed on podcast Behind The Brilliance - http://behindthebrilliance.com/206tamarblue/
"The Founder & CEO of MentalHappy shares her journey & offers perspective on finding purpose & peace at every season in our lives."
Behind the Brilliance is a weekly podcast featuring smart, inspiring, and funny conversations with innovators, creative, and entrepreneurs. Guests have laid back, in depth conversations with Lisa about their lives, work, and anything else that comes up. The result is a growing archive of wisdom, strategies, and tactics on how to live well on your own terms no matter what your ambition may be.
Alongside these are solo episodes and Q+As that blend Lisa’s wit, stories, and wisdom.
The show has garnered rave reviews from an enthusiastic and diverse listenership spanning more than 120 countries.
Give it a listen now :) http://behindthebrilliance.com/206tamarblue/
Listen on Spotify, iheartRadio, Stitcher and Apple Podcast
http://behindthebrilliance.com/206tamarblue/
Notice of Material Change in Offering
about 1 month ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the MentalHappy Inc offering. Here's an excerpt describing the specifics of the change:
MentalHappy is extending the length of their campaign.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Notice of Funds Disbursement
about 2 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, MentalHappy Inc has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in MentalHappy Inc be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Now Accepting Support Group Leader Applications
2 months agoGood news!! MentalHappy now allows health and wellness professionals to host their private support group(s) on MentalHappy.com. Professionals can facilitate talks, teach exercises to their patients or clients monthly or weekly (via chat or video).
This is an amazing opportunity to make an impact in people's lives when they need it the most
Perks & Benefits:
- Communicate with your clients, patients and customers in secure online group
- Admin Level Permissions
- MentalHappy T-Shirt + Welcome Package
- Free Community Membership for 1 Year
- Free Access to Classes & Workshops
- Positively Impact Lives
FAQ:
- No, we are not only accepting mental health professionals.
- Yes, you must be a wellness or health professional.
- Yes, life coaches and fitness instructors can apply.
- No, this is not a paid role (there's a small monthly fee for access to the platform)
- No, this is not one-on-one therapy (groups only)
MentalHappy is a social network designed to help people of all races, genders, and economic statuses improve their emotional wellbeing through positive peer support. We make it possible for everyone to get the help they deserve without the financial and physical limitations of traditional therapies.
If you are interested in leading a support group on our secure platform, or know someone who might be interested please
Apply or Learn More at: Become a Support Group Leader: Here
With gratitude,
Tamar Blue - Founder & CEO
Notice of Funds Disbursement
2 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, MentalHappy Inc has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in MentalHappy Inc be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Take a Sneak Peek at New Peer Support App
3 months agoHello Investors & Friends - 2020 has proven that the world needs MentalHappy to exist now and for years to come! We are so thrilled to show you what we've been working on for you and so many others.
Next week we are launching our new Peer Support App (Yay! 🎉). Because you've supported us from the start, we wanted to give you a sneak peek FIRST. And yes, YOU will receive an email about your free one year membership.
Click the video below to watch the demo. Stay tuned for more exciting updates before the end of the year.
With all my gratitude,
Tamar Blue, Founder & CEO
Notice of Funds Disbursement
3 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, MentalHappy Inc has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in MentalHappy Inc be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
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