Fundraising Fox

Marigold Health

10 known investors

Marigold Health operates an anonymous online community and app where people facing mental health or substance use challenges support each other, with some members receiving one-on-one help from certified Peer Recovery Coaches. The service uses natural language processing to direct peer support toward areas of highest need and helps members build personalized recovery plans.

AI & Machine LearningDigital HealthMental Health

Founders & leadership

SJShrenik Jain
Shrenik JaininFounder & CEOShrenik Jain is the founder of Marigold Health, which provides tech-enabled peer support services for people with mental illness and substance use conditions, connecting members with peers, providers, agencies, and family.

Investors · 10

Bantam GroupWestwood
Dorm RoomBrooklyn · $90K – $250K
Epsilon Health InvestorsWashington
Flare Capital PartnersBoston · $1M – $10M
Stand Together Ventures LabArlington
Tamarisc Ventures
Tau VenturesPalo Alto · $500K
KdT VenturesreportedAustin · $500K – $3M
Rock Healthreported · 2 sources
Wavemaker Three-Sixty HealthreportedLos Angeles · $500K – $2M

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Competitors · 2

by search overlap
Modern Health7 shared keywordsModern Health provides mental health support solutions for employers with over 100 employees.
Pelago5 shared keywordsPelago is a virtual clinic that partners with employers and health plans to provide substance use disorder treatment and management services. The platform offers individual and discreet treatment for individuals struggling with substance misuse, from unhealthy habits to clinical substance use disorders.

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

Non-dilutive funding · 3 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Institutes of Health (NIH)National Institutes of HealthPhase I2022$252.1K
National Institutes of Health (NIH)National Institutes of HealthPhase ISTTR2019$225K
National Science FoundationPhase I2019$224.8K

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

Pomelo Care scores $46M for virtual maternity care platform and more digital health funding | MobiHealthNewsmobihealthnews.com · Jun 2024Fierce Healthcare Fundraising Tracker—Canary Speech lands $13M; Rock Health backs Marigold Health's series Afiercehealthcare.com · Jun 2024Marigold Health Secures $11m in Series A Funding to Expand Peer Supportbusinesswire.com · Jun 2024Peer-Support Startup Marigold Health Raises $11M - Behavioral Health Businessbhbusiness.com · Jun 2024Marigold Health Announces $6m in Funding, Expansion to 3 States Through Provider & Plan Partnerships - Flare Capital Partnersflarecapital.com · Feb 2022Marigold Health Raises $6M in Seed Funding - FinSMEsfinsmes.com · Feb 2022

Frequently asked questions

What does Marigold Health do?
Marigold Health operates an anonymous online community and app where people facing mental health or substance use challenges support each other, with some members receiving one-on-one help from certified Peer Recovery Coaches. The service uses natural language processing to direct peer support toward areas of highest need and helps members build personalized recovery plans.
Who founded Marigold Health?
Marigold Health was founded by Shrenik Jain.
Who are Marigold Health's investors?
Marigold Health's investors include Bantam Group, Dorm Room, Epsilon Health Investors, Flare Capital Partners, Stand Together Ventures Lab, Tamarisc Ventures, Tau Ventures, KdT Ventures and 2 more.