# evolvedMD

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evolvedmd

- Industry: Healthcare
- Headquarters: Scottsdale, US
- Website: www.evolvedmd.com
- Total disclosed funding: $49M
- Latest round: Series B (Jul 14, 2025)
- Investors on record: 6

## About

Based in Arizona, US, and founded in 2017 by co-founder Erik Osland, evolvedMD, LLC owns and operates a chain of clinics for treating depression and anxiety through psychiatric collaborative care management (CoCM) services. In July 2025, evolvedMD, LLC raised USD 29.17 million in series B funding led by new investor Goldman Sachs Asset Management, with participation from returning investors Conductive Ventures, FCA Venture Partners, Healthworx, Tectonic Ventures, and Waterline Ventures. The company utilizes the psychiatric collaborative care management (CoCM) model to provide behavioral health services for patients for treating depression and anxiety in primary care settings. evolvedMD’s approach improves provider wellbeing, drives better clinical outcomes, increases patient satisfaction, and lowers the total cost of primary care. The firm provides integrated behavioral health staff, including clinicians, case managers, psychiatric professionals, and administrators, and technology in the primary care environment for both primary care providers as well as patients. The company will use the July 2025 funding for further development of its technology.

## Funding rounds

- Series B, Jul 14, 2025, $29M — Goldman Sachs Asset Management, Waterline Ventures, Tectonic Ventures, Conductive Ventures, Healthworx, FCA Venture Partners
- Series A, Jun 21, 2023, $14M — Waterline Ventures, Tectonic Ventures, Conductive Ventures, Healthworx, FCA Venture Partners
- Series A, May 10, 2022, $5.4M — Waterline Ventures, Conductive Ventures

## Investors

- Waterline Ventures (https://capitalatlas.ai/funds/waterline-ventures) — Series A, Series B
- Conductive Ventures (https://capitalatlas.ai/funds/conductive-ventures) — Series A, Series B
- Tectonic Ventures (https://capitalatlas.ai/funds/tectonic-ventures) — Series A, Series B
- Healthworx (https://capitalatlas.ai/funds/healthworx) — Series A, Series B
- FCA Venture Partners (https://capitalatlas.ai/funds/fca-venture-partners) — Series A, Series B
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B