What is evolvedMD?
Founded in 2017, evolvedMD is a specialized healthcare organization dedicated to the seamless integration of behavioral health services into modern primary care. The company distinguishes itself through a unique, onsite model that embeds behavioral health specialists directly into medical practices. This approach ensures that mental health support is not merely an auxiliary service but a core component of the patient experience. By providing both upfront and ongoing support, evolvedMD addresses the critical gap between physical and mental health, driving improved patient outcomes and creating an economically viable framework for providers. Their model is designed to be highly scalable, allowing primary care practices to offer comprehensive care without the logistical burdens typically associated with external referrals.
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 Conductive Ventures and Waterline Ventures
Series A (2023): $14M featuring Healthworx, Tectonic Ventures, FCA Venture Partners, Waterline Ventures, and Conductive Ventures
Series B (2025): $34M backed by Tectonic Ventures, Waterline Ventures, Healthworx, Goldman Sachs, Conductive Ventures, and FCA Venture Partners
Private Equity (2025): $29.2M, investors not publicly disclosed
Key Investors in evolvedMD
Conductive Ventures
A venture capital firm managing $450M, focused on backing unconventional founders building transformative technology companies at the Series A and B stages.
Waterline Ventures
An investment firm with a singular focus on healthcare innovation, supporting early growth technology and service-enabled companies.
Goldman Sachs
A leading global investment banking and management firm providing comprehensive financial services, strategic advisory, and capital market expertise.
What's next for evolvedMD?
With the recent influx of capital, evolvedMD is well-positioned to accelerate its expansion strategy and deepen its technological infrastructure. The company is expected to focus on scaling its embedded model into new geographic markets and enhancing its service delivery through data-driven insights. By leveraging the expertise of its strategic partners, evolvedMD will likely prioritize the optimization of its clinical workflows and the expansion of its provider network. As the demand for integrated care continues to rise, the firm is poised to play a transformative role in how primary care systems address the complex behavioral health needs of their patient populations, ultimately setting a new standard for collaborative care models in the enterprise healthcare space.
See full evolvedMD company page
