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. evolvedMD's strategy focuses on creating a seamless experience for both patients and providers, addressing a critical gap in healthcare delivery.
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 FCA Venture Partners, Tectonic Ventures, Conductive Ventures, Waterline Ventures, and Healthworx
Series B (2025): $34M backed by Tectonic Ventures, Waterline Ventures, Goldman Sachs, Healthworx, FCA Venture Partners, and Conductive Ventures
Private Equity (2025): $29.2M, investors not publicly disclosed
Key Investors in evolvedMD
Tectonic Ventures
Tectonic Ventures partners with mission-oriented entrepreneurs to address significant challenges in the enterprise landscape through technology-enabled solutions. They provide initial capital, strategic mentorship, and ongoing support to help startups thrive and create lasting value.
Waterline Ventures
Waterline Ventures is an investment firm focused on early growth technology and service-enabled technology companies within the healthcare sector. Founded in 2014, the firm has invested in 36 companies, emphasizing a singular focus on healthcare innovation.
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to corporations, governments, and institutional and individual clients.
What's next for evolvedMD?
The recent major strategic investment positions evolvedMD for accelerated growth and expanded market penetration. This significant capital infusion is expected to fuel further development of its integrated behavioral health model, potentially enabling broader adoption across more primary care networks. The company's trajectory suggests a focus on scaling its operations, enhancing its technology platform, and solidifying its role as a leader in the primary care behavioral health integration space. Future initiatives may include strategic partnerships and further innovation to meet the growing demand for comprehensive patient care.
See full evolvedMD company page
