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Overview
Allswell provides virtual mental health care focused on the LGBTQ+ community, offering identity-centered services through a mix of individual therapy, structured group programs, and digital tools. Therapies use Affirmative CBT and Cognitive Processing Therapy, with all therapists belonging to the LGBTQ+ community, holding master’s degrees, and receiving specialized training. The model uses virtual group therapy to lower costs and combat loneliness, and it bills through insurance partnerships (Maryland Medicaid, Cigna, CareFirst BCBS, UnitedHealthcare) while offering private-pay options for others. The goal is to expand access to affirming, evidence-based care by growing the therapist network, expanding to more states, and strengthening its digital offerings.
About Allswell
Industries
Enterprise Software
Healthcare
Company Size
11-50
Company Stage
Seed
Total Funding
$1.3M
Headquarters
Los Angeles, California
Founded
2024
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Simplify's Take
What believers are saying
- Allswell raised $1.3 million in October 2025 from Amboy Street Ventures.
- Its website says 300-plus clients served by March 25, 2026.
- It reports 83% of patients reduced depression symptoms over 4-8 weeks.
What critics are saying
- Allswell still serves only Maryland, Virginia, and DC, limiting growth.
- Insurance reimbursement concentration ties revenue to Medicaid and payer credentialing.
- Any Cigna or UnitedHealthcare network loss would crater insured demand and cash flow.
What makes Allswell unique
- Allswell centers LGBTQ+ adults with therapists from the community.
- It blends individual therapy, group programs, and digital tools.
- It is in-network with Medicaid and major insurers in Maryland, Virginia, and DC.
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Funding
Total Funding
$1.3M
Below
Industry Average
Funded Over
1 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 14%1 year growth
↑ 14%2 year growth
↑ 33%Allswell, a new mental health provider focused on LGBTQ+ patients, has raised $1.3 million in pre-seed funding. | The round was led by Amboy Street Ventures, with participation from Seae Ventures’ Unseen Capital, Techstars and others. The funding will support the startup’s expansion into more states, deepen its digital and clinical offerings and grow its therapist network.
Allswell is Hiring for 6 Jobs on Simplify!
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About Allswell
Industries
Enterprise Software
Healthcare
Company Size
11-50
Company Stage
Seed
Total Funding
$1.3M
Headquarters
Los Angeles, California
Founded
2024
Allswell is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today