What is evolvedMD?
Founded in 2017, evolvedMD is at the forefront of integrating behavioral health services within modern primary care practices. The company's distinctive model embeds behavioral health specialists directly onsite at primary care facilities, offering an economically viable and effective approach to patient care. This integration aims to improve patient outcomes by providing accessible and continuous mental health support, addressing a critical gap in traditional healthcare delivery. evolvedMD's strategy focuses on creating a seamless patient experience and enhancing the capabilities of primary care physicians.
How much funding has evolvedMD raised?
evolvedMD has raised a total of $83M across 6 funding rounds:
Debt
$150K
Debt
$279K
Series A
$5.4M
Series A
$14M
Series B
$34M
Private Equity
$29.2M
Debt (2020): $150K with participation from PPP
Debt (2021): $279K led by PPP
Series A (2022): $5.4M supported by Waterline Ventures and Conductive Ventures
Series A (2023): $14M featuring Waterline Ventures, Tectonic Ventures, Healthworx, Conductive Ventures, and FCA Venture Partners
Series B (2025): $34M backed by Goldman Sachs, Tectonic Ventures, Waterline Ventures, Healthworx, FCA Venture Partners, and Conductive Ventures
Private Equity (2025): $29.2M, investors not publicly disclosed
Key Investors in evolvedMD
Goldman Sachs
Goldman Sachs is a leading global investment banking firm known for its extensive financial services, including capital markets advisory and strategic investments. Their involvement suggests a focus on high-growth potential companies within the healthcare sector.
Tectonic Ventures
Tectonic Ventures partners with entrepreneurs to address significant enterprise challenges through technology-enabled solutions, indicating a strategic interest in evolvedMD's innovative approach to healthcare integration.
Waterline Ventures
Waterline Ventures specializes in early growth technology and service-enabled technology companies within healthcare, aligning with evolvedMD's mission to advance integrated behavioral health services.
What's next for evolvedMD?
With its recent major strategic investment and substantial overall capital, evolvedMD is poised for significant expansion and further innovation. The company is likely to leverage this financing to scale its operations, enhance its technology platform, and broaden its market reach. Future developments may include expanding partnerships with healthcare systems and payers, further refining its integrated care model, and potentially exploring new service lines to address evolving patient needs in behavioral health. This strategic backing signals strong confidence in evolvedMD's business model and its potential to reshape primary care.
See full evolvedMD company page
