Marigold Health: A Beacon of Hope in the Addiction Crisis
June 19, 2024, 3:36 am
Location: United States, Massachusetts, Boston
Employees: 1-10
Founded date: 2017
Total raised: $17M
Marigold Health, a Boston-based startup, recently secured an $11 million Series A funding round led by Rock Health and Innospark Ventures. This funding will allow the company to expand its peer support program for individuals struggling with substance use disorder (SUD) to more states, providing much-needed support in a time of crisis.
Marigold Health's innovative approach combines one-on-one coaching from certified peer specialists with 24/7 access to text-based support groups through their app. Using natural language processing, the app can identify when additional support is needed, such as access to housing or food, and connect users with the resources they require.
With a focus on expanding access to high-quality peer support, Marigold Health has already made a significant impact in the field of addiction treatment. Their partnerships with primary care clinics, substance use treatment providers, and health plans, including those serving Medicaid and Medicare, have helped thousands of individuals on their path to recovery.
In a time where traditional in-person programs may not be feasible for everyone, Marigold Health's virtual platform offers a convenient and effective alternative. By leveraging the power of peer support, the company is paving the way for a new era of addiction treatment that is accessible, evidence-based, and tailored to individual needs.
As the addiction crisis continues to worsen, innovative solutions like Marigold Health are more important than ever. With a growing recognition of the value of peer support in addiction treatment, this funding round marks a significant step forward in the fight against substance use disorder.
Marigold Health's commitment to building a large business around peer-based support is not only timely but essential in addressing the ongoing challenges faced by individuals struggling with addiction. By expanding their reach and refining their technology, Marigold Health is poised to make a lasting impact on the lives of those in need of support and guidance on their journey to recovery.
Marigold Health's innovative approach combines one-on-one coaching from certified peer specialists with 24/7 access to text-based support groups through their app. Using natural language processing, the app can identify when additional support is needed, such as access to housing or food, and connect users with the resources they require.
With a focus on expanding access to high-quality peer support, Marigold Health has already made a significant impact in the field of addiction treatment. Their partnerships with primary care clinics, substance use treatment providers, and health plans, including those serving Medicaid and Medicare, have helped thousands of individuals on their path to recovery.
In a time where traditional in-person programs may not be feasible for everyone, Marigold Health's virtual platform offers a convenient and effective alternative. By leveraging the power of peer support, the company is paving the way for a new era of addiction treatment that is accessible, evidence-based, and tailored to individual needs.
As the addiction crisis continues to worsen, innovative solutions like Marigold Health are more important than ever. With a growing recognition of the value of peer support in addiction treatment, this funding round marks a significant step forward in the fight against substance use disorder.
Marigold Health's commitment to building a large business around peer-based support is not only timely but essential in addressing the ongoing challenges faced by individuals struggling with addiction. By expanding their reach and refining their technology, Marigold Health is poised to make a lasting impact on the lives of those in need of support and guidance on their journey to recovery.