About Marigold Health
Marigold Health offers mental health support through anonymous, text-based peer support groups for individuals dealing with substance use disorders, particularly opioid use disorders. Users can join moderated chats led by certified peer support specialists who provide guidance based on their own recovery experiences. The company partners with healthcare providers and insurance companies to integrate its services into healthcare plans, providing 24/7 access to support. Marigold Health's goal is to enhance patient outcomes and reduce healthcare costs by focusing on proactive interventions that keep individuals engaged in their recovery.
Boston, MassachusettsHeadquarters
2017Year Founded
$20.8MTotal Funding
SERIES_ACompany Stage
HealthcareIndustries
51-200Employees
Benefits
Comprehensive Healthcare Coverage
PTO
Company Travel Budget and Professional Development Budget
Risks
Competition from well-funded companies like Lyra Health threatens market share.
Scaling operations may strain resources and affect service quality.
Dependence on Medicaid exposes Marigold to policy changes impacting revenue.
Differentiation
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 Marigold's text-based group chats.
Upsides
Marigold Health secured $11M in Series A funding for expansion.
Increased telehealth adoption boosts demand for Marigold's digital mental health solutions.
Value-based care models favor cost-effective platforms like Marigold Health.
Funding
Total raised$20.81 M
Latest valuation$55.00 M
StageSERIES_A
EARLY VC
8/31/2021$2
$9.91 MGRANT
8/31/2016N/A