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About Monarch
Industries
Healthcare
Company Size
1,001-5,000
Company Stage
Series A
Total Funding
$23.9M
Headquarters
Albemarle, North Carolina
Founded
1958
Overview
Monarch NC provides behavioral health services across North Carolina, addressing mental health and substance use disorders. It offers telehealth, crisis intervention, urgent care, and outpatient services to deliver personalized care. The approach combines in-person clinics, telehealth, and crisis support across multiple locations (Asheville, Charlotte, Greensboro) to coordinate care and support recovery. Its goal is to improve clients' mental health by delivering the right level of care tailored to each person and expanding access through integrated services.
Simplify's Take
What believers are saying
- Mobile clinics expand via Trillium partnership into Bertie and Hertford counties.
- Bamboo Health Pings deliver real-time patient notifications enhancing care coordination.
- Broad NC locations like Asheville, Charlotte, Greensboro ensure accessible outpatient services.
What critics are saying
- Free curriculum cannibalizes paid I/DD SUD services within 18-24 months.
- Cabarrus free mobile crisis diverts BHUC revenue in overlapping regions within 12-18 months.
- Teladoc undercuts telehealth with lower costs capturing NC insurance patients within 6-12 months.
What makes Monarch unique
- Monarch NC specializes in I/DD and SUD with free 'Understanding Addiction' curriculum launched October 11, 2023.
- Wake BHUC offers walk-in crisis care for ages 4+ diverting from ERs in Raleigh.
- Virtual Open Access provides same-day telehealth assessments without appointments.
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Funding
Total Funding
$23.9M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
Paid Vacation
Professional Development Budget
Company News
Monarch, a personal finance app, raised $75M in a Series B round, valuing the company at $850M. The funding was co-led by FPV Ventures and Forerunner Ventures, with support from Accel, SignalFire, Clocktower Ventures, and Menlo Ventures. Following Intuit's announcement to shut down Mint, Monarch saw a surge in users. The company plans to expand its platform and team, hiring in engineering and marketing across North America.
Fontana Limited reported a Q3 2025 gross profit of $835.9 million, a 15.2% increase from the previous year, driven by a 15.3% rise in revenue to $2.2 billion. The Monarch acquisition led to a 13.3% increase in operating expenses, mainly due to staffing costs. Operating profit grew 25% to $148.1 million. Finance costs rose 38.4% to $63 million due to foreign exchange losses and loan interest. Net profit increased by 10.6% to $102.8 million, with earnings per share rising to $0.08.
Monarch, a personal finance app, raised $75 million in a Series B round, valuing the company at $850 million. This funding comes amid a challenging period for consumer fintechs. Monarch's growth surged after Mint's closure, as it offers a paid, ad-free service. The round, led by FPV, highlights Monarch's innovative approach to financial planning. Despite a 38% decline in fintech funding, Monarch's success stands out in the current "nuclear winter" for fintech startups.
ALBEMARLE, N.C., Oct. 11, 2023 /PRNewswire/ -- Monarch has launched "Understanding Addiction and Developmental Disabilities," a first-of-its-kind web-based resource to help an underserved population of people living with intellectual or developmental disabilities (I/DD) and substance use disorders (SUD)."Substance use is often overlooked and people with I/DD are less likely to seek help." - Peggy Terhune, Ph.D. Tweet this Understanding Addiction and Developmental Disabilities, a curriculum developed by Monarch to assist professionals and caregivers in helping those with Intellectual and/or developmental disabilities and substance use disorders, features our hero Eddie learning about the health risks that come from mixing medicines and alcohol, and the importance of taking only the medicines and dosages prescribed by his doctor.The " Understanding Addiction and Developmental Disabilities '' website features screening tools and helpful guides for those who work with individuals with I/DD, such as mental health clinicians and caregivers, guardians or parents and teachers. The free, open-source curriculum consists of 14 animated videos that provide relevant therapeutic information for the person with I/DD and SUD. To learn more, visit understanding.monarchnc.org .Those interested in learning more can attend the "Understanding Addiction and Developmental Disabilities" webinar, a free training for professionals, family members and other caregivers, Friday, Nov. 17, 2023 11 a.m
Monarch, in partnership with Trillium Health Resources, has launched its second Mobile Integrated Care Clinic offering mental health and substance use disorder services to communities within Bertie and Hertford counties.
Monarch is Hiring for 224 Jobs on Simplify!
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About Monarch
Industries
Healthcare
Company Size
1,001-5,000
Company Stage
Series A
Total Funding
$23.9M
Headquarters
Albemarle, North Carolina
Founded
1958
Monarch is Hiring for 224 Jobs on Simplify!
Find jobs on Simplify and start your career today