Overview

Marigold Health provides mental health support through anonymous, text-based peer support groups, specifically targeting individuals with substance use disorders, especially opioid use disorders. Users can join moderated group chats facilitated by certified peer support specialists who have personal recovery experience and are trained to offer guidance. This peer support model is based on research highlighting the importance of community in long-term recovery. Marigold Health partners with healthcare providers and insurance companies to integrate its services into healthcare plans, offering 24/7 access to support, which helps reduce the need for costly inpatient care. The company stands out by focusing on proactive interventions that retain patients in their recovery journey, ultimately improving outcomes and lowering healthcare costs. The goal of Marigold Health is to make effective mental health care accessible and to support individuals in their recovery process.

Simplify's Take

What believers are saying

• Marigold Health secured $11M in Series A funding for expansion.
• Growing telehealth adoption boosts demand for Marigold's digital mental health solutions.
• Decreasing mental health stigma increases potential user base for Marigold's services.

What critics are saying

• Competition from larger companies like Lyra Health could overshadow Marigold.
• Scaling operations may strain resources and affect service quality.
• Dependence on Medicaid exposes Marigold to policy changes impacting revenue.

What makes Marigold Health unique

• Marigold Health uses AI-augmented chat support for behavioral health needs.
• The company partners with Medicaid providers for integrated mental health solutions.
• Certified peer support specialists facilitate moderated text-based group chats.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$20.8M

Above

Industry Average

Funded Over

4 Rounds

$11,000,000

Series A

Jun 2024

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$11M

$15M

$100M

View all funding stages