TechCrunch
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.
$198,932
raised
653
Investors
$6M
Valuation
$5.27
Price per Share
$100.13
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on May 01, 2021 and is no longer accepting investments.
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
12 Millennial Entrepreneurs Who Started with Nothing—and Made a Fortune
Silicon Valley Business Journal
Startup offers boxes full of celebration and sympathy
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
New Anxiety & Stress Mgmt Support Group Now Available
7 months agoA Message from MentalHappy Team: New Support Group Available!
Are anxiety and stress affecting your everyday life? Are you ready for that to change? If you're nodding your head yes, then keep reading! Join Anxiety and Stress Management with Dr. Givens, our newest expert-led peer support group!
In this group, you will learn:
- Grounding techniques
- Breathing exercises
- Coping skills to deal with stressors
- Effective tips for managing anxiety symptoms
You'll also connect with supportive group members and attend two virtual group meetups a month led by Dr. Givens.
ABOUT DR. GIVENS:
Dr. April Givens | Licensed Counselor | Expert
Dr. Givens is a licensed professional counselor supervisor, Ph.D., certified trauma therapist, certified hypnotherapist, and certified in holistic health with ten years of experience as a practicing therapist. She has successfully counseled clients with proven results using cognitive behavioral therapy, solution-focused therapy, trauma therapy, and dialectical behavioral therapy.
Dr. Givens specializes in helping you step outside of yourself and reach your full potential in life! She provides action steps in her counseling approach so you can begin to see immediate results.
If you're ready to make a change in how you handle stress and anxiety, join Dr. Givens' group today. Space is very limited to ensure everyone in the group is seen and heard, so don't miss out and save your spot!
Join Group or Learn More at: https://community.mentalhappy.com/groups/anxiety-and-stress-management-with-dr-givens
Download MentalHappy App in Apple and Google Play Store
NFL Hall of Famer, Terrell Owens Special Guests: Men & Mental Health Support Group Discussion on October 4th
8 months agoNFL Hall of Famer Terrell Owens joins Therapist-Associate, Jay Barnett in an honest and transparent discussion about men, mental health, and the silent struggles men face.
Fellas, come ready to ask the questions you’ve never asked before and ladies, this session can help you better understand the men in your life. This is a free and virtual event.
Date: October 4th, 2021 at 10 am PST / 1 pm EST
Anonymous participation optional.
- There will be a 30 minute Q&A to allow you to participate in the conversation
To sign up for for this free event go to 👉🏾 MentalHappy.com/events
Special guest:
Terrell Owens | NFL Hall of Famer | Entrepreneur | IG: @TerrellOwens
Meet our experts:
Jay Barnett | Associate Therapist | PhD Candidate | IG: KingJayBarnett
Author. Speaker. Mental Health Therapist. Life Coach. Jay Barnett is on a mission to empower, inspire, and ignite fire into the minds of men and women across the globe, helping them become their best selves. Former professional football player-turned-marriage & family therapist, Jay has more than 10 years of experience as an acclaimed youth mentor, author, and motivational speaker. He earned a bachelor’s degree in Science from Tarleton State University and holds a Masters in family therapy from North Central University. He was featured as Black Enterprise’s 2019 “BE Modern Man of the Year.” Among his greatest honors are being called “Uncle” by his nephews and 3 nieces, and being a mentor to dozens of young people across the country.
Space will be very limited.
To sign up for for this free event go to 👉🏾 MentalHappy.com/events
Be sure to download our new MentalHappy in Google and Apple Stores
Join us as we celebrate our App Launch! 📱🚀
8 months agoJoin us from October 4 - 10, 2021, for a week-long lineup of events, including FREE expert-led peer support groups, celebrity guests, and a virtual comedy fest as we celebrate our upcoming App Launch.
📱We are beyond excited to launch our highly anticipated mental health app on October 10th 2021, World Mental Health Day! Soon you'll be able to connect with people just like you from your mobile phone who can support you through your journey to emotional well-being.
All Events are FREE: Go to MentalHappy.com/Events 👉🏼Signup Today!
We'll be talking about everything -- from setting healthy boundaries in your relationships to nurturing your child's mental health, to how social media affects our self-esteem, and so👏 much👏 more. You'll also have a chance to enter giveaways and win prizes!
All Events are FREE: Go to MentalHappy.com/Events to Signup Today!
Hiring: Social Brand Manager
about 1 year agoWe're Hiring! 🚀
We are looking for an experienced Social Brand Manager & Influencer Management rockstar to join our team and deliver strategy and growth for all of our social media channels at MentalHappy. This role would include writing, organizing, and managing high-performing, engaging content, while cultivating and nurturing influencer relationships. You will build meaningful connections, encourage follower engagement, and authentically educate on what MentalHappy has to offer.
CLICK HERE👇🏽TO APPLY OR LEARN MORE
Or go to https://www.mentalhappy.com/careers/social-brand-manager
We Raised over $1,000,000 Led by Northwestern Mutual 🎉
about 1 year agoDear Investors - We've just raised over $1,000,000 in funding from institutional investors. BUT we got our start with fundraising thanks to YOU here on StartEngine. Our campaign on StartEngine is closing in 4 days!
Last chance to invest!
Only 4 Days ⏰ Left to INVEST
Click 👇:
MENTALHAPPY IS TAKING OFF 🚀
JOIN US IN OUR MISSION TO IMPACT OVER 1B LIVES
Notice of Funds Disbursement
about 1 year 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
Free Event: How Relationships Impact Your Mental Health (Peer Group Support Event)
about 1 year agoOver this past year, COVID has caused us to be at home with our partners, children, siblings, roommates, and relatives much more than ever before. For most, boundaries have been pushed, and relationships have been strained.
In honor of May being Mental Health Awareness Month, MentalHappy presents a Community-wide Support Group Event led by Dr. Adam Assoian, Licensed Clinical Psychologist & Director of Ally Psychological Services
About this Event:
Healthy vs. Unhealthy Relationships - What to Look For and Watch Out For
During this 50-minute peer support group meeting, Dr. Adam will guide a conversation on the differences between healthy and unhealthy relationships, how each impacts our mental and emotional health, and how to effectively set boundaries and communicate with those closest to us.
- There will be 20 minutes for Q&A from the group.
We invite you to join the safe space and explore your thoughts and feelings.
This event is Free:
Date: Thursday, May 6th at 2 PM EST // 11 AM PST
Sign up to learn, listen, ask questions and discuss: https://www.eventbrite.com/e/149941917311
About Dr. Adam Assioan:
Dr. Adam Assoian is a licensed Clinical Psychologist in Bucks County, Pennsylvania, and the Director of Ally Psychological Services. Dr. Adam also currently sits on the Board of Directors of CB Cares Educational Foundation, supporting students, educators, and parents in the local School District.
Prior to opening his practice, Dr. Adam worked in a variety of settings, including a Community Mental Health Center for low-income individuals, a College Counseling Center, a Psychiatric Hospital, two different private practices, a Residential Treatment Facility for adolescents, and an Outpatient facility that provided therapeutic services for adults, adolescents involved in the legal system for behavioral problems.
Dr. Adam opened Ally Psychological Services, a local private practice, to help fill a gap in his community, a younger male psychologist working with adolescents and adults. Within his practice, Dr. Adam welcomes clients from all walks of life. He treats every client with respect, dignity, and honesty regardless of their past.
About MentalHappy:
MentalHappy is a social network designed to help people of all races, genders and economic statuses improve their emotional wellbeing through positive peer support.
Sign up to learn, listen, ask questions and discuss: https://www.eventbrite.com/e/149941917311
We're Hiring! See open positions
about 1 year agoHello Investors & Friends - We've been moving fast here at MetalHappy! This year we've already made a few key hires on our engineering team. And now we are looking for a few more talented and creative people to join our growing company.
To learn more about our open roles, please visit: https://www.mentalhappy.com/careers
Thanks for sharing our open roles across your network.
With gratitude,
Tamar Blue, Founder & CEO
Notice of Funds Disbursement
about 1 year 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
Notice of Material Change in Offering
about 1 year 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.
___
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