Marigold Health: Raises $6M in Seed Funding

Marigold Health Raises $6M in Seed Funding

• Marigold Health, a Boston, MA-based digital health startup, raised $6m in seed funding
• The round was led by KdT Ventures and Felicis Ventures with participation from Flare Capital Partners, Epsilon Health Investors, Tau Ventures, SpringTide Investments, and Stand Together Ventures
• The company intends to use the funds to build its peer workforce and enter new states
• The company provides a virtual program that specializes in using peers, trained individuals in recovery from a substance use or mental health condition, to support others on a similar journey
• The novel technology innovates on traditional one-on-one peer coaching by giving patients 24/7 access to support from each other through text-based group chats
• The company designed and patented novel natural language processing (NLP) technology to aid peers to moderate their online community