Fundraising Fox
DynamiCare
Newton, US · Founded 2016 · 5 known investors
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DynamiCare offers a digital recovery platform that uses behavioral science and technology to help individuals reduce or eliminate their use of alcohol, drugs, and tobacco. The product focuses on addiction recovery and substance use treatment.
Founders & leadership
DynamiCare was founded in 2016 by Eric Gastfriend.
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Eric GastfriendCo-Founder and PresidentEric Gastfriend is President of DynamiCare Health, a digital health platform addressing substance use disorders through behavioral science and technology. He previously served as CEO of DynamiCare, which has secured over $8M in equity funding and partnerships with state agencies and major health plans.
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David GastfriendNamed on SEC filing
Board
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Investors · 5
Early Light Ventureslisted by Early Light VenturesBaltimore · $100K – $500K
How we know: the VCSheet dataset · Not right? Tell us
MEDA Angelslisted by MEDA AngelsArlington · $130K – $350K
How we know: MEDA Angels's portfolio page · Not right? Tell us
MEDA Ventureslisted by MEDA VenturesArlington
How we know: MEDA Ventures's portfolio page · Not right? Tell us
Hyperplane Venture CapitalreportedBoston · $250K – $3M
How we know: a partner's Signal profile · board seat on SEC Form D · funding news · the VCSheet dataset · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$6.5M disclosed across 7 rounds · 2016–2026
▶$720KraisedSep 2026 · 6 investors · Other Health CareRule 506(b)
▶$720KraisedSep 2026 · 6 investors · Other Health Care
Rule 506(b)Officers, directors & promoters on the filing
- David Robert GastfriendExecutive Officer, Director, Promoter
- Eric Elias GastfriendDirector
- Benjamin BlumDirector
- Kelley BowkerExecutive Officer
- Offering amount
- $1.5M
- Amount sold
- $720K
- First sale
- Aug 2026
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$875KraisedOct 2022 · 14 investors · Other TechnologyRule 506(b)
▶$875KraisedOct 2022 · 14 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Eric GastfriendExecutive Officer, Director
- Amount sold
- $875K
- Minimum investment
- $25K
- First sale
- Sep 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$1MraisedJan 2022 · 4 investors · Other TechnologyRule 506(b)
▶$1MraisedJan 2022 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Eric GastfriendExecutive Officer, Director
- Offering amount
- $1M
- Amount sold
- $1M
- First sale
- Dec 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$550KraisedMay 2021 · 4 investors · Other TechnologyRule 506(b)
▶$550KraisedMay 2021 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Eric GastfriendExecutive Officer, Director
- Offering amount
- $550K
- Amount sold
- $550K
- Minimum investment
- $10K
- Proceeds to insiders
- $100K
- First sale
- Apr 2021
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$1000KraisedDec 2020 · 11 investors · Other TechnologyRule 506(b)
▶$1000KraisedDec 2020 · 11 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Eric GastfriendExecutive Officer, Director
- David GastfriendDirector
- Offering amount
- $1M
- Amount sold
- $1000K
- Minimum investment
- $10K
- Proceeds to insiders
- $300K
- First sale
- Oct 2020
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$2.2MraisedFeb 2019 · 13 investors · Other TechnologyRule 506(b)
▶$2.2MraisedFeb 2019 · 13 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Eric GastfriendExecutive Officer, Director
- David GastfriendDirector
- Amount sold
- $2.2M
- Minimum investment
- $10K
- Proceeds to insiders
- $300K
- First sale
- Jan 2019
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$150KraisedNov 2016 · 2 investors · ComputersRule 506(b)
▶$150KraisedNov 2016 · 2 investors · Computers
Rule 506(b)Officers, directors & promoters on the filing
- David GastfriendDirector
- Eric GastfriendExecutive Officer, Director
- Offering amount
- $1.2M
- Amount sold
- $150K
- Minimum investment
- $10K
- Proceeds to insiders
- $100K
- First sale
- Jul 2016
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Non-dilutive funding · 5 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| National Institutes of Health (NIH)National Institutes of Health | Phase II | 2023 | $819.1K |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2021 | $255.1K |
| National Institutes of Health (NIH)National Institutes of Health | Phase II | 2020 | $1.6M |
| National Institutes of Health (NIH)National Institutes of Health | Phase ISTTR | 2019 | $222.4K |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2017 | $145.5K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
In the news
Frequently asked questions
- What does DynamiCare do?
- DynamiCare offers a digital recovery platform that uses behavioral science and technology to help individuals reduce or eliminate their use of alcohol, drugs, and tobacco. The product focuses on addiction recovery and substance use treatment.
- Who founded DynamiCare?
- DynamiCare was founded by Eric Gastfriend in 2016.
- Who are DynamiCare's investors?
- DynamiCare's investors include Early Light Ventures, MEDA Angels, MEDA Ventures, The MBA Fund, Hyperplane Venture Capital.
- How much funding has DynamiCare raised?
- DynamiCare has disclosed $6.5M raised across 7 rounds.
- Where is DynamiCare headquartered?
- DynamiCare is headquartered in Newton, US.