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Alma
Membership-based network for mental health care providers
- 501-1000 employees
- Healthcare
- B2C
- B2B
- Marketplace
- Mental health
- Wellbeing
- 397 Bridge St, 7th Floor, Brooklyn, New York 11201, US
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Company mission
To simplify access to high-quality, affordable mental health care, by making it easy and financially rewarding for therapists to accept insurance and offer in-network care.
Insights
Otta's take
Xav Kearney
CTO of Otta
4 in 10 adults in the United States suffer from some form of anxiety or depression, but most go without appropriate support because of difficulties in accessing mental health care providers. Alma exists to meet a growing demand for mental health services by supporting providers in offering online care, and making it easy for people who need help to find qualified, in-network therapist who meets their needs.
There has been something of a boom in the virtual mental health space, and by encouraging online therapy Alma is competing against a plethora of well-funded apps aimed at self help and mental wellbeing offered at a far lower price than regular therapy. However, these are largely unregulated and their quality is often questionable. By prioritising vetted and professional therapists, Alma has provided a real alternative to in-person therapy and this has allowed it to grow rapidly, growing its network to over 8,000 therapists across all 50 states.
Alma's success has also attracted a large amount of funding. This is being used to further expand its network and to develop the tools offered to its providers. Having scaled rapidly through 2022 it is showing no signs of slowing down, and is well poised for future growth.
Benefits
- We’re a remote-first company
- Health insurance plans through Cigna (medical and dental) and MetLife (vision), including FSA & HSA plans
- 401k plan (Roth and traditional)
- Free Alma platform access
- Monthly therapy and wellness stipends
- Monthly co-working space membership stipend
- Monthly work-from-home stipend to power your wifi, lunches, coffee, etc
- Pet discount program through United Pet Care
- Financial perks and rewards through BenefitHub
- Free EAP access through LifeWorks
- One-time home office stipend to set up your home office
- Comprehensive parental leave plans
- 9 paid holidays, 1 Alma Mental Health Day, and 1 Alma Volunteering Day
- Vacation and time-off benefits
Company values
- Embrace Change.
- Listen first.
- Build equity.
- Communicate honestly.
- Act like an owner.
Funding (last 2 of 5 rounds)
Aug 2022
$130m
SERIES D
Aug 2021
$50m
SERIES C
$220.5m
Total funding
This company has top investors
Founders
Harry Ritter
(CEO)Studied at Harvard and qualified as an MD at The University of Miami. Worked for a year as a Resident Physician before spending almost 2 years as a McKinsey Associate. Worked at Oscar Insurance as a Medical Director and VP of Care Delivery.
Diversity & Inclusion at Alma
Mary Balingit, she/her (Director of Diversity, Equity & Inclusion)
- Established a time-out policy, where employees can take time off + an additional mental health stipend in response to societal traumatic events
- Internal community conversations for connection and healing regarding current events mediated by an Alma provider and more
- 7 Employee Resource Groups (ERG’s): Women at Alma, (ADA) Alma Disability Association, (H)ola at Alma, Alma Pride+, Black @ Alma, Parents/Caregivers @ Alma, AlmAsian
- Bias in the workplace training for all employees
- Monthly cultural stipends to support underrepresented businesses
- Monthly Lunch & Learns moderated by Alma Diversity Committee members on various DEI topics
Jobs (18)
Software Engineering
People, HR, Recruitment
Operations & Strategy
Sales & Account Management