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About Firsthand
Industries
Social Impact
Healthcare
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$42.9M
Headquarters
New York City, New York
Founded
2021
Overview
Company Does Not Provide H1B Sponsorship
Firsthand Cares provides mental health support and resources for people with serious mental illness, with many staff having lived experience to build trust. It offers services like personal guidance, connections to community resources, and mental health advocacy delivered by trained professionals guided by lived experience. The emphasis on shared lived experience sets it apart from traditional providers, as it complements clinical care and community resources rather than relying only on medical treatment. Its goal is to improve mental health outcomes by reducing access barriers and guiding recovery through a compassionate, experience-informed approach.
Simplify's Take
What believers are saying
- Medicaid sector expansion across six states addresses high-need, high-cost population.
- $30M equity raise (2023) funds aggressive expansion and product development.
- Peer support model generates cost savings for managed care organizations.
What critics are saying
- March 2025 staffing cuts across five states signal Medicaid payer contract failures.
- Peer specialists lack clinical licensure; CMS regulatory scrutiny threatens Medicaid billing.
- Value-based care contracts collapse without sufficient outcomes data; primary revenue stream fails.
What makes Firsthand unique
- Peer-led model with lived SMI experience differentiates from clinician-centric competitors.
- Whole-person care coordination reduces inappropriate healthcare utilization for Medicaid.
- Google Ventures backing ($28.1M Series B, 2023) validates business model.
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Funding
Total Funding
$42.9M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Parental Leave
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -6%2 year growth
↓ -2%FirstHand Health has filed a notice of an exempt offering of securities to raise $29,999,998.00 in New Equity Investment. FirstHand Health has filed a notice of an exempt offering of securities to raise $29,999,998.00 in New Equity Investment.According to filings with the U.S. Securities and Exchange Commission, FirstHand Health is raising $29,999,998.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Samir Malik played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.About FirstHand HealthAt firsthand we believe firsthand experience with serious mental illness should be valued more. Our founding team of serial entrepreneurs and healthcare executives have intentionally spent careers serving underserved people with Serious Mental Illnesses, in partnership with community-based organizations. We are actively adding like-minded business-builders to fill out our team.To learn more about FirstHand Health, visit http://www.firsthandcares.com/Contact:Samir Malik, Chief Executive Officer314-578-5416https://www.linkedin.com/in/samirmm/SOURCE: http://www.intelligence360.ioCopyright (c) 2023 SI360 Inc
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About Firsthand
Industries
Social Impact
Healthcare
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$42.9M
Headquarters
New York City, New York
Founded
2021
There are no jobs for Firsthand right now.
Find jobs on Simplify and start your career today