FamilyWell Health, the leading integrated women’s mental health company, today announced the closing of $8 million in Series A financing led by New Markets Venture Partners, with participation from existing and new investors – .406 Ventures, GreyMatter Capital, The Alix Foundation, The Donna Fund, and The Lee Foundation. This funding will accelerate FamilyWell’s national expansion, bringing its proven maternal mental health model to health systems, clinics, and payers across the country. It will also advance the company’s AI capabilities to broaden access, drive growth into perimenopause and menopause care, and scale its provider training programs through the FamilyWell Academy.
Women’s mental health remains one of healthcare’s most underserved and fastest-growing areas of need:
- Women are twice as likely as men to experience depression and anxiety, and nearly one in three will face a mental health condition in their lifetime.
- Suicide is now the leading cause of maternal death during pregnancy and postpartum.
- Despite ACOG’s recommendation for universal screening, fewer than 10% of Medicaid members and fewer than 4% of privately insured patients are screened for postpartum depression. Even when screening does occur, barriers to care leave up to 80% of affected women untreated.
- At midlife, more than 50 million women navigate perimenopause and menopause, with up to 70% experiencing significant mental health symptoms.
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Founded in 2022 by Dr. Jessica Gaulton, a practicing physician at Harvard and survivor of postpartum depression, FamilyWell embeds virtual women’s mental health services—care coordination, coaching, therapy, and psychiatry—directly into clinics and health systems. Patients are connected to care within 24 hours and supported by a specialized team of providers. Through its integrated perinatal mental health program, 1 in 4 pregnant patients are referred to FamilyWell, with 95% of patients experiencing clinical improvement by four months. In addition, the model alleviates provider burden, while enabling clinics to capture untapped revenue from payers directly.
FamilyWell currently operates in Massachusetts, New Hampshire, Connecticut, Illinois, and Texas covering over 200,000 lives nationwide. The company has also recently partnered with one of the country’s largest managed care organizations, expanding access to insurance-covered coaching, therapy, and psychiatry for more women and birthing people across the country.
“FamilyWell is an ideal fit for New Markets’ mission to invest in evidence-based solutions that improve lives and expand access to life-saving care,” said Mark Grovic, General Partner and Founder, New Markets Venture Partners. “By integrating proven women’s mental health care into everyday clinical workflows, FamilyWell reduces suffering, strengthens family well-being, and helps parents return to work and thrive.”
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