Radley Health Announces $3 Million Seed Funding Round

The company plans to use the funding to grow its certified peer support team, strengthen partnerships with community healthcare providers, improve its care delivery technology platform, and expand its operations into Georgia.

The announcement comes during Mental Health Awareness Month and highlights the growing need for community-based mental health support. Over the past 15 years, rates of serious depression among teenagers have doubled, while emergency room visits related to mental health, and substance use disorders have increased by 42%. Radley Health is addressing this challenge through a peer supported care model that connects people with trained specialists who have personal experience with recovery.

The company has built one of the largest peer support networks in the region, with more than 450 certified peer support specialists serving over 70 counties across Ohio. This network helps improve access to care in a state where 75 of 88 counties face shortages of mental health professionals.

Radley Health uses certified peer support specialists—people with personal recovery experience—to provide ongoing guidance, encouragement, and support. By combining peer support with clinical care and community partnerships, the company works to improve patient outcomes, reduce hospital visits, and lower healthcare costs for Medicaid members. Its partnership-based approach also helps reduce Medicaid fraud, waste, and abuse by making sure patients receive the services and support recommended for their recovery.

"Radley Health represents the kind of innovative, community-centered solution our healthcare system needs," said Rick Kellar, CEO of Peg's Foundation. "Their peer led model has the potential to drive meaningful outcomes for individuals, and systems alike and aligns with our vision that recovery is possible for everyone impacted by serious mental illness."

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"Radley Health was founded with a simple but powerful belief: adults living with serious mental illness deserve the opportunity to live amazing lives," said Anson Frericks, CEO and Co-Founder of Radley Health. "Our mission is to empower these individuals through peer support and innovative care models and our vision is to make recovery possible for everyone. This funding allows us to scale that mission and reach more people in need."

About Radley Health

Founded in 2025, by Anson Frericks, Jonas Thom, and Adam Meier, Radley Health is a behavioral health company focused on helping adults with serious mental illness improve their quality of life. Through peer support, community partnerships and innovative care programs, the company aims to make recovery, and long term wellbeing more accessible for everyone.

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