Fundraising Fox

Legion Health

YC S21

San Francisco, US · Founded 2021 · Delaware corporation · 11 employees · Hiring · 9 known investors

Legion Health provides online psychiatric care and medication management for mental health conditions including ADHD, depression, anxiety, and bipolar disorder through board-certified providers via telehealth. The service accepts most major insurance plans and offers virtual appointments with quick scheduling and prescription delivery to patients' pharmacies.

Also known as Legion Health (YC S21)

Founders & leadership· Y Combinator alumni (S21)

Legion Health was founded in 2021 by Yash Patel, Arthur MacWaters, and Daniel Wilson.

YPYash Patel
Yash PatelinCo-Founder/CEOCo-founder and CEO of Legion Health, which provides psychiatric care and medication management through telehealth.
AMArthur MacWaters
Arthur MacWatersinFounderArthur MacWaters co-founded Legion Health and holds a Princeton degree from 2018; he previously worked at McKinsey.
DWDaniel Wilson
Daniel Wilsonin𝕏Co-Founder, CTODaniel Wilson is co-founder and CTO of Legion Health (YC S21), formerly a product manager at Microsoft focused on Excel.
FM
Ferdinand MartignettiNamed on SEC filing

Investors · 9

Also in the syndicate · 3

Erica JohnsonJay DesaiRavi Shah

Reported raises · per SEC filings

Form D private placements

$22.1M disclosed across 4 of 5 rounds · 2021–2026

$16MraisedJul 2026 · 79 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Yash PatelExecutive Officer, Director
  • Daniel WilsonExecutive Officer, Director
  • Arthur MacWatersExecutive Officer, Director
  • Ferdinand MartignettiDirector
Offering amount
$25M
Amount sold
$16M
First sale
Jun 2026
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$410KraisedNov 2025 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Yash PatelExecutive Officer, Director
  • Daniel WilsonExecutive Officer, Director
  • Arthur MacWatersExecutive Officer, Director
Offering amount
$2M
Amount sold
$410K
Minimum investment
$2.5K
First sale
Nov 2025
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2MraisedSep 2024 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Arthur MacWatersExecutive Officer, Director
  • Daniel WilsonExecutive Officer, Director
  • Yash PatelExecutive Officer, Director
Amount sold
$2M
Minimum investment
$10K
First sale
Sep 2024
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$3.7MraisedDec 2022 · 57 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Arthur MacWatersExecutive Officer, Director
  • Daniel WilsonExecutive Officer, Director
  • Yash PatelExecutive Officer, Director
Amount sold
$3.7M
Minimum investment
$2.5K
First sale
Jun 2021
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Legion Health operates a full-stack virtual psychiatry practice that provides diagnosis, evidence-based testing, prescriptions and ongoing medication management for conditions including ADHD, depression, anxiety, bipolar disorder, PTSD, OCD, panic disorder and insomnia. All appointments are delivered by video; initial consultations run roughly 30–45 minutes and follow-ups 15–20 minutes. Care is delivered by board-certified psychiatrists and psychiatric nurse practitioners employed by the clinic, and prescriptions—including controlled substances where clinically appropriate—are sent electronically to the patient's chosen pharmacy. The company accepts most major commercial insurance plans (naming Blue Cross, Aetna, Cigna, Magellan, Oscar and UnitedHealthcare among others) as well as self-pay patients, and markets care as low as $0 with insurance. Patients book through the website by completing a short intake, selecting a provider matched to their insurance, and meeting via a patient portal that supports scheduling, cancellation and rescheduling.

The business describes itself as a technology company first and a care-delivery company second, with an internal rule that any task a human performs must be readable and eventually executable by a large language model. LLM-based systems handle scheduling (predicting when medications will run out and matching provider availability to patient preferences), messaging and churn prevention, revenue-cycle coding and billing, pre-visit chart summarization and diagnostic suggestion for clinicians, and post-visit plan execution. Intake documents and patient communications are also used to risk-score and prioritize the most complex patients. The company states its platform automates about 95% of the administrative work behind its direct patient care.

Legion Health frames its roadmap in three phases: an AI-native clinic staffed by human psychiatrists (phase one), semi-autonomous care in narrow, safety-scoped pathways with clinician supervision (phase two, current), and fully autonomous care in well-scoped pathways with guardrails, auditing and mandatory escalation (phase three). Its first phase-two workflow is AI-led renewal of eligible lower-risk psychiatric maintenance medications in Utah, for which it says it received regulatory authorization; patients opt in explicitly, are told they are interacting with AI, and go through identity verification.

Founding story

The three co-founders—Yash Patel, Daniel (Danny) Wilson and Arthur MacWaters—were roommates at Princeton and initially pursued separate careers: MacWaters at McKinsey, Wilson as a technical product manager at Microsoft (Excel), and Patel at the Congressional Budget Office working on healthcare policy and economics. Patel later brought the group together around healthcare, motivated by family members and friends who struggled to access mental health care. They quit their jobs and joined Y Combinator's Summer 2021 batch.

Business model

Vertically integrated ("full stack") care delivery: Legion Health employs its own clinicians, holds its own payer contracts, and acquires patients directly, describing the result as a direct-to-consumer model that is in-network for most patients. Software and AI tooling are built in-house rather than licensed out.

Fee-for-service reimbursement from commercial and ACA exchange health plans, with patients typically paying a specialist copay (as low as $0 with insurance), plus transparent self-pay pricing for uninsured patients. Management describes using the fee-for-service dollar to fund AI tooling without raising patient costs, and cites AI-driven billing accuracy as a margin lever.

Traction

The company reports serving thousands of patients, being in-network for an estimated 99% of Texas patients with commercial or ACA exchange individual plans, automating roughly 95% of administrative work, and achieving about a 12% margin uplift from AI-assisted coding and billing. It has raised $6.3 million in seed funding on top of $2 million previously raised, and was featured by Y Combinator, including a demo of its AI operating system on YC's YouTube channel.

Latest developments

Legion Health announced a semi-autonomous care launch in Utah: regulatory authorization for fully AI-powered renewals of eligible lower-risk psychiatric maintenance medications, with explicit patient opt-in, AI disclosure, identity verification and clinician escalation. The company relaunched on Y Combinator around this milestone and describes the next step as expanding AI-led workflows toward fully autonomous care in well-scoped pathways.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positions itself as a unified clinical practice rather than a marketplace of independent contractors, contrasting itself with UpLift (marketplace model, 13 states plus Washington, D.C., acquired by Teladoc Health in 2025), Talkiatry (psychiatrist-led, insurance-only, 45 states) and Brightside Health (anxiety and depression focus, no controlled substances). Differentiators it cites include included FDA-cleared QbCheck objective ADHD testing, insurance-first pricing and coordination with primary care. It claims to be the first mental health company authorized to have AI deliver actual medical care.

Combines a licensed, employed clinical team and owned payer contracts with in-house LLM automation across administrative, billing and clinical-support workflows, which the company says lowers cost per patient and enables treatment of populations previously underserved. It follows a "Tesla, not Waymo" strategy—starting with a real clinic and automating workflows incrementally in production—rather than launching AI-only care. Other cited differentiators are objective ADHD testing at no extra cost, evening and weekend availability, appointments within days, and regulatory authorization for AI-led medication renewals in Utah.

Technology

An AI-native operating system built around large language models and agents spanning four pillars: AI patient support (scheduling, messaging, churn prevention), an AI revenue-cycle/billing layer, a clinical co-pilot that summarizes charts, surfaces likely diagnoses and suggests questions before visits and helps execute plans afterward, and personalized follow-up. Models ingest chart notes, patient communications and intake documentation to recommend and auto-book appointments and to risk-score patients. The stack is API-first and integrates intake, scheduling, medical records, pharmacy coordination, prior authorization, reimbursement, follow-up and clinical escalation. In Utah, a narrowly scoped AI workflow performs renewals of eligible psychiatric maintenance medications with clinician supervision.

Go-to-market

Direct-to-consumer acquisition through its website and content marketing (including comparison articles on competing telepsychiatry services), combined with in-network payer contracts so that care is covered by insurance. The company also accepts self-referrals and works with other organizations that carry responsibility for populations' health.

Adults seeking outpatient psychiatric medication management, initially Texas residents with commercial or ACA exchange insurance, including patients with ADHD or complex conditions requiring controlled-substance management; self-pay patients are also accepted.

Geography

Headquartered in San Francisco per its Y Combinator profile, and described as Austin, Texas-based in 2024 press coverage. Clinical operations focus on Texas for medication management, with AI-led medication renewals launched in Utah; the company states plans to expand to more states and to major government payer programs including Medicare, Medicaid, Medicare Advantage and TRICARE.

History

Legion Health began as a B2B platform and digital marketplace that helped health care organizations scale and load balance behavioral health providers. Following the release of ChatGPT 3.5, the founders concluded AI would change care delivery itself and pivoted to a vertically integrated telepsychiatry clinic, adding senior hires such as founding engineer Omar McAdam. In October 2024 the company announced a $6.3 million seed round to support the pivot, having previously raised $2 million. It subsequently launched an AI-native psychiatry clinic in Texas and, in a later phase, received regulatory authorization in Utah for AI-led renewals of eligible psychiatric maintenance medications, publicly announced in March 2026.

Risks & controversies

The model depends on regulatory permission for AI to perform clinical work, which the company acknowledges may evolve more slowly than expected, and on insurer willingness to reimburse; it notes that AI-only care is generally not reimbursed. Clinical services are concentrated in a single state (Texas) with a narrow initial AI pathway in Utah, and the practice prescribes controlled substances such as stimulants, an area subject to federal and state prescribing rules.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Administrative work automated by AI platformJan 202695%
Margin uplift attributed to AI-driven coding and billing accuracyNov 202512%
Prior funding raised before seed roundOct 2024$2M
Share of Texas patients with commercial or ACA exchange individual plans for whoOct 202499%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Images

Legion Health photo

Founder mafia

3 people who came through Legion Health went on to found or lead other companies.

Competitors · 3

by search overlap

Companies competing with Legion Health for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 5

launches, deals, and filings
Mar 2026
Public launch of semi-autonomous, clinician-supervised AI prescribing pilot

The company announced its first mental health AI prescribing pilot via social media and press, including coverage in the New York Post.

source ↗

Mar 2026
Regulatory authorization in Utah for AI-led psychiatric medication renewals

Legion Health states it received regulatory authorization in Utah for fully AI-powered renewals of eligible lower-risk psychiatric maintenance medications, with patients explicitly opting in, being told they are interacting with AI, and undergoing identity verification; the company describes itself as the first mental health company with approval for AI to provide actual medical care.

source ↗

Jan 2025
Pivot from B2B provider marketplace to full-stack AI-native telepsychiatry clinic

After the arrival of ChatGPT 3.5, the company pivoted from a B2B staffing/load-balancing platform for health organizations to a vertically integrated telepsychiatry clinic that employs its own clinicians, holds its own payer contracts and acquires patients directly.

source ↗

Oct 2024
Legion Health raises $6.3M seed round alongside pivot to AI-enabled digital psychiatry

Legion Health announced a $6.3 million seed round with no true lead investor, including institutional investors Alumni Ventures, Y Combinator, Acequia Capital and Soma Capital plus angels Dr. Ravi Shah, Erica Johnson and Jay Desai. The company had previously raised $2 million.

$6.3M source ↗

Jan 2021
Participation in Y Combinator Summer 2021 batch

The three co-founders quit their jobs and joined Y Combinator's Summer 2021 batch, initially with a B2B model helping health organizations load balance behavioral health providers.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Legion HealthDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Legion Health do?
Legion Health is an AI-native telepsychiatry clinic offering insurance-covered online psychiatric medication management.
Who founded Legion Health?
Legion Health was founded by Yash Patel, Arthur MacWaters, Daniel Wilson in 2021.
Who are Legion Health's investors?
Legion Health's investors include Next Coast Ventures, Stone Mountain Ventures, Y Combinator, Acequia Capital (AceCap), Alumni Ventures, Soma Capital.
How much funding has Legion Health raised?
Legion Health has disclosed $22.1M raised across 4 of its 5 known rounds.
Where is Legion Health headquartered?
Legion Health is headquartered in San Francisco, US.