MentalHappy

Expanding digital healthcare for everyone

MentalHappy

Expanding digital healthcare for everyone

Closing in 4 days
San Francisco, CA
Health Tech
MentalHappy is a telehealth platform that allows health professionals to facilitate online support groups.

$10,719

raised
$205,580
previously crowdfunded
16
Investors
$7.01M
Valuation
$7.32
Price per Share
$497.76
Min. Investment
Common
Shares Offered
Equity
Offering Type
$535K
Offering Max
4
Days Left

$10,719

raised
$205,580
previously crowdfunded
16
Investors
$7.01M
Valuation
$7.32
Price per Share
$497.76
Min. Investment
Common
Shares Offered
Equity
Offering Type
$535K
Offering Max
4
Days Left

Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

Rewards

Get rewarded for investing more into MentalHappy:

$497+
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.
$500+
Investment
Tier 1: $500
Invest $500 or more and receive a MentalHappy Laptop Sticker and a thank you note from the CEO.
$1,000+
Investment
Tier 2: $1000+
Invest $1,000 or more and receive a thank you Wellness Kit that includes luxury holistic products for you and a handwritten personal note from our CEO.
$2,500+
Investment
Tier 3: $2500+
Invest $2,500 or more and receive a Wellness Retreat Day with the CEO, team, and other investors at this level.
$5,000+
Investment
Tier 4: $5000+
Invest $5,000 or more and receive 5% bonus shares and a phone call from the CEO
$10,000+
Investment
Tier 5: $10,000+
Invest $10,000 or more and receive 10% bonus shares and a private investor dinner in San Francisco, CA. Transportation is not included.

Reasons to Invest

Product is in use by licensed doctors and health professionals across the U.S.
Signed partnership with leading cancer patient recovery program
Raised over $1M in venture funding by top Silicon Valley investors

Overview




While there are more and more platforms with therapists, often, it's the same therapists on multiple platforms. That's good, but 46% of therapists say they are overwhelmed and burned out. And there are only 30 licensed therapists for every 100,000 people in the U.S. 


There isn't enough "human power" to meet the tsunami-level demand for mental health services. 


Our innovative health-tech software is a safe and secure platform.


We've designed, built, and launched a HIPAA Compliant mobile app used by health and wellness practitioners across the U.S. to expand mental health services. 

 

In 2020, we raised money from top Silicon Valley investors. Our mission is to expand mental wellness access to over 1 billion people worldwide. 

the problem


Few Therapist and Crisis Level Demand for Mental Wellness



The U.S. is experiencing a severe shortage of therapists — according to the American Psychological Association (APA), there are only 31.3 licensed psychologists per 100,000 people (source). Many therapists and psychologists have long waitlists, making it harder for new patients to start treatment. And the pandemic has only widened the shortage gap and caused a mental health crisis in both adults and children.


Plus, 60 million people live in rural areas in the United States, where they just simply aren’t within driving distance of any type of mental health facility or office (source).

THE MARKET


Demand for virtual mental wellness services is growing 

 

We’ve tapped into a $200 billion global market with a solution that many business models have simply overlooked— and that is the efficacy of expert-led peer support groups (source).


COVID-19 generated unparalleled demand for virtual mental health care services. But it seems that telehealth may be here to stay. According to McKinsey, overall telehealth use has stabilized at levels 38X higher than before the pandemic (source).


The market for mental health apps is projected to exceed 17.5B by 2030 (source). The larger telemental health market is growing with the CAGR of 33.95% in the forecast period of 2021 to 2028 (source).



THE solution


MentalHappy aims to help health professionals expand access to mental health services


Expert-led peer support groups are a scalable solution that offer accessible, affordable, and culturally sensitive mental health resources.


The MentalHappy app allows health institutions and professionalto: 

  • Expand mental health services through online support groups
  • Provide additional guidance and practical wellness solutions
  • Schedule and conduct virtual group sessions
  • Connect clients and patients safely with peers for emotional support
  • Reduce hospitalization rates and days spent in inpatient services


 


OUR TRACTION 


In Less than 8 Months


We’ve rolled out iOS and Android versions of our apps, on-boarded over 50 health and wellness professionals, and signed a partnership deal with cancer recovery programs supported by leading medical research.


We've seen 12% MoM growth since we launched the peer support product (March 2022 to April 2022).

Our brand is a leading voice in de-stigmatizing mental health

We've also been featured in TechCrunch, Forbes, Nasdaq, Silicon Valley Business Journal, Revolt TV


We've teamed up with NFL Hall of Famer, Terrell Owens, who has earned us mentions in AfroTech, Good Day LA.


OUR story


The founder of MentalHappy is a Y Combinator alum

 

Tamar is a Y Combinator alum. Based on personal experiences and her more than seven years of experience in People Operations, Tamar understands the challenges people face in finding the emotional support they need to lead more fulfilling, happier, healthier lives.


Tamar launched her first peer-support organization for her fellow high school classmates, an effort that earned her recognition from The White House


Her work with MentalHappy has appeared in major publications such as Forbes, Nasdaq, TechCrunch, Silicon Valley Business Journal, and the CIPA award-winning book "Impact Founder''. She earned her MBA after graduating from Florida State University with a dual degree in Sociology and Economics.

THE BUSINESS MODEL


Health professionals love us 

*This testimonial may not be representative of the experience of other customers and is not a guarantee of future performance or success.


Why? Our platform can offer a considerable revenue stream for qualified health and wellness professionals, depending on their rate & group size.


A professional running a support group of 75 members charging $20 per member could earn up to $1500 a month or more.


We charge a 10% fee from their monthly earnings on the app. The MentalHappy App gives the professionals a safe and secure place to facilitate open dialogue via chat or virtual meetings, teach helpful topics and resources, and offer practical tips and support to group members. We give the professionals space to do what they do best and avoid professional burnout.


why invest


Join our top Silicon Valley Investors


We are backed by Y Combinator, Index Ventures, Social Impact Capital, Chai Angels, and more amazing venture firms and angels.


We recently raised a total of $1.2M in seed funding, including investments led by Northwestern Mutual Future Ventures


We intend to use this funding plus the funds raised towards onboarding more health and wellness professionals, ramping up our partnership efforts, etc.



our mission



Our entire world is in a mental health crisis and MentalHappy offers a globally scalable solution. Join us in our mission of expanding mental wellness access to over 1 billion people worldwide. 


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In the Press

TechCrunch

Y Combinator-backed MentalHappy app launches to make mental health care accessible

Forbes

What Happens When A Contentious Election Intersects With An Already Challenging Mental Health Crisis

Good Day LA Show

Terrell Owens and Jay Barnett introduce an app aimed at creating a safe place for men to share struggles with mental health

AfroTech

Y Combinator-Backed Startup MentalHappy Is Creating Safe Spaces For Men's Mental Health

Northwestern Mutual: Life & Money

MentalHappy CEO Tamar Blue Shares Her Mission to Bring Mental Health to Everyone

Nasdaq

Faces of Entrepreneurship: Tamar Blue, MentalHappy

Forbes

2021 Forbes Next 1000

Mental Health Startup Company MentalHappy Raises $1.1 Million in Seed Round

Mental Health Startup Company MentalHappy Raises $1.1 Million in Seed Round

Offering Summary


Company

:

MentalHappy Inc.

Corporate Address

:

2193 Fillmore St, 15, San Francisco, CA 94115

Offering Minimum

:

$9,999.12

Offering Maximum

:

$534,989.52

Minimum Investment Amount

(per investor)

:

$497.76











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

1,366

Maximum Number of Shares Offered

:

73,086

Price per Share

:

$7.32

Pre-Money Valuation

:

$7,013,240.76











*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

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.

Investment Incentives and Bonuses*

Time-Based:

Friends & Family:

Invest within the first 72 hours and receive 15% bonus shares with your investment.

Super Early Bird:

Invest within the first week and receive 10% bonus shares with your investment.

Early Bird:

Invest within the two weeks and receive 5% bonus shares with your investment.

 

Amount-Based:

Tier 1: $500+

Invest $500 or more and receive a MentalHappy Laptop Sticker and a thank you note from the CEO.

Tier 2: $1,000+

Invest $1,000 or more and receive a thank you Wellness Kit that includes luxury holistic products for you and a handwritten personal note from our CEO.

Tier 3: $2,500+

Invest $2,500 or more and receive a Wellness Retreat Day with the CEO, team, and other investors at this level.

Tier 4: $5000+

Invest $5,000 or more and receive 5% bonus shares and a phone call from the CEO.

Tier 5: $10,000+

Invest $10,000 or more and receive 10% bonus shares and a private investor dinner in San Francisco, CA. Transportation is 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 $7.32 / share, you will receive and own 110 shares for $732. 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 canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

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
$347,574.00 USD
$80,188.00 USD
Cash And Cash Equivalents
$344,678.00 USD
$80,188.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$46,812.00 USD
$88,719.00 USD
Long Term Debt
$193,556.00 USD
$193,556.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$311,781.00 USD
-$170,855.00 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.


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