evolvedMD Raises $5.4M in Series A Funding

evolvedMD, a Scottsdale, Ariz.-based provider of integrated Psychiatric Collaborative Care Management (CoCM) services in primary care, raised a $5.4m in Series A financing.

The round was led by Waterline Ventures and Conductive Ventures.

The company intends to use the funds to scale technology infrastructure and continue building the clinical delivery team. Along with expansion in Arizona and Utah, the company plans on launching in additional states.

Launched in 2017, evolvedMD makes it easy for primary care to deliver behavioral health care and improve clinical outcomes through Collaborative Care, an evidence-based model for treating depression and anxiety in primary care settings. It provides fully integrated behavioral health staff and technology in the primary care environment in a single experience for both the patient and the provider. evolvedMD clinicians, case managers, psychiatric professionals, and administrators are embedded within the primary care setting to increase access to behavioral health services and reduce provider burnout. 

evolvedMD is currently working with several primary care partners in Arizona and Utah, such as Honor Health, Foothill Family Clinic, Ogden Clinic, Apricus Health, Granger Medical, Premiere Family Health and many others.