evolvedMD Closes $34M Series B Led by Goldman Sachs Alternatives
Deal News | Jul 15, 2025 | FCA Venture Partners
evolvedMD, a leader in Collaborative Care Management (CoCM), finalized a $34 million Series B funding round. The investment was steered by Goldman Sachs Alternatives' Sustainable Investing division, with participation from other existing investors such as FCA Venture Partners and Healthworx Ventures. Founded in 2017, evolvedMD integrates mental health services within primary care through a model proven to improve patient outcomes and reduce healthcare costs. This latest funding is aimed at expanding its services across the US, which already span more than 200 locations, including partnerships with major health systems and practices. The investment underscores the continued need for comprehensive, integrated behavioral health services across the US where unmet mental health demands remain significant.
Sectors
- Healthcare
- Private Equity & Venture Capital
Geography
- United States – evolvedMD operates in multiple states across the US, such as Arizona, Utah, Florida, New Mexico, and Colorado.
Industry
- Healthcare – The article focuses on evolvedMD's role in the healthcare industry, particularly in providing integrated behavioral health services and expanding the adoption of the Collaborative Care Model.
- Private Equity & Venture Capital – The $34M Series B investment led by Goldman Sachs Alternatives and other VC firms like FCA Venture Partners highlights activity in the private equity and venture capital industry.
Financials
- 34 – The amount in millions raised by evolvedMD in its Series B funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| evolvedMD | Target Company | Company | A provider of integrated behavioral health services within primary care settings. |
| Goldman Sachs Alternatives | Investor | Company | A division of Goldman Sachs focusing on sustainable investing and alternatives. |
| FCA Venture Partners | Investor | Company | A venture capital firm that invests in healthcare innovation. |
| Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP | Legal Advisor to evolvedMD | Company | Provided legal counsel during the investment round. |
| Latham & Watkins | Legal Advisor to Goldman Sachs | Company | Served as legal counsel for Goldman Sachs in the transaction. |