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About evolvedMD
Industries
Enterprise Software
Healthcare
Company Size
201-500
Company Stage
Series B
Total Funding
$63.4M
Headquarters
Scottsdale, Arizona
Founded
2016
Overview
evolvedMD integrates behavioral health into primary care by embedding behavioral health clinicians within primary care teams, offering on-site and virtual support to patients. It partners with practices to deliver collaborative care for conditions like depression, anxiety, and substance use disorders, with a staffed behavioral health team and care coordination built into the clinic’s workflow. Unlike models that require independent behavioral health programs, evolvedMD provides the personnel, training, and infrastructure to implement integrated care directly in primary care settings, helping practices deliver care more efficiently. Its goal is to make mental health part of routine health care and to improve patient outcomes by treating mental and physical health together.
Simplify's Take
What believers are saying
- Goldman Sachs led $34M Series B in 2025 for expansion.
- Partners with Tampa General and Evernorth across 200+ locations.
- 255% revenue growth from 2021 to 2023 with 42,000 patients.
What critics are saying
- VillageMD bankruptcy cuts key client revenue immediately.
- CMS 15-20% CoCM cuts slash Medicare margins January 2026.
- Evernorth terminates 20-center contract by mid-2026.
What makes evolvedMD unique
- evolvedMD embeds licensed therapists onsite in primary care practices.
- Enhanced Collaborative Care model ensures immediate patient treatment.
- Provides training, supervision, and tools for depression and anxiety.
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Funding
Total Funding
$63.4M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Parental Leave
401(k) Company Match
Wellness Program
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 2%2 year growth
↑ 1%EvolvedMD has filed a notice of an exempt offering of securities to raise $34,121,426.00 in New Funding. EvolvedMD has filed a notice of an exempt offering of securities to raise $34,121,426.00 in New Funding.According to filings with the U.S. Securities and Exchange Commission, EvolvedMD is raising up to $34,121,426.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest
EvolvedMD, which offers primary care providers tech-enabled behavioral healthcare coordination services, raises $34 million in a Series B funding round.
evolvedMD, a Collaborative Care Management (CoCM) provider, today announced the close of its $34M Series B investment led by Sustainable Investing at Goldman Sachs Alternatives. Existing investors Conductive Ventures, FCA Venture Partners, Healthworx Ventures, Tectonic Ventures, and Waterline Ventures also participated in the round.
evolvedMD, based in Scottsdale, Arizona, raised $34 million in a Series B round led by Sustainable Investing at Goldman Sachs Alternatives, with participation from existing investors. The funding will expand its collaborative care model, which integrates behavioral health into primary care. The company operates in over 200 locations across several states and has seen significant growth, with a 255% revenue increase from 2021 to 2023.
A collaboration with evolvedMD integrates licensed mental health providers into TampaGeneral Medical Group locations to makebehavioral health care more convenient and accessible.TAMPA, Fla., Dec. 19, 2024 /PRNewswire/ -- Tampa General Hospital (TGH) partnered with Scottsdale, Arizona-based evolvedMD, a nationally recognized company that integrates Psychiatric Collaborative Care Management (CoCM) in primary care settings, to expand access to behavioral health services for patients. Tampa General will embed evolvedMD behavioral health providers (licensed social workers and counselors) within select Tampa General Medical Group (TGMG) primary care locations. This primary care-focused, collaborative approach has demonstrated better overall health outcomes and reduced burnout for providers. This collaboration with Tampa General is the first partnership for evolvedMD and an academic health system in Florida."There are so many conversations about the need for mental health care, and we believe that it is imperative to use our resources as an academic health system to bring a solution directly to our patients," said Dr. Karna Patel, vice president, Tampa General Hospital and president, Tampa General Medical Group
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About evolvedMD
Industries
Enterprise Software
Healthcare
Company Size
201-500
Company Stage
Series B
Total Funding
$63.4M
Headquarters
Scottsdale, Arizona
Founded
2016
evolvedMD is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today