FamilyWell Health has secured $8 million in Series A financing to accelerate the national rollout of its integrated women’s mental health services. The funding round, announced on 18 November, was led by New Markets Venture Partners with support from .406 Ventures, GreyMatter Capital, The Alix Foundation, The Donna Fund, and The Lee Foundation. The company said the investment will help expand its maternal mental health model across the United States, develop its AI-enabled platform, and scale its training programmes through the FamilyWell Academy.
The company noted that demand for specialised women’s mental health support remains significant, citing figures showing women are twice as likely as men to experience depression and anxiety, with nearly one in three facing a mental health condition in their lifetime. Officials also pointed out that suicide is now the leading cause of maternal death during pregnancy and the postpartum period, while screening rates for postpartum depression remain low despite federal recommendations. In addition, more than 50 million women navigate perimenopause and menopause, with up to 70% experiencing mental health symptoms.
Founded in 2022 by Dr. Jessica Gaulton, a Harvard physician and survivor of postpartum depression, FamilyWell embeds virtual mental health services directly into clinics and health systems. Patients are connected with care within 24 hours and supported by a specialist team offering care coordination, coaching, therapy, and psychiatry. The company reports that 1 in 4 pregnant patients are referred to FamilyWell, with 95% seeing clinical improvement by four months. Its model also reduces provider workload while helping clinics capture additional revenue.
FamilyWell currently operates across Massachusetts, New Hampshire, Connecticut, Illinois, and Texas, covering more than 200,000 lives. The company has also partnered with one of the nation’s largest managed care organisations to expand access to insurance-covered mental health support. “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 of New Markets Venture Partners.
The firm has now extended its model to support women experiencing perimenopause and menopause amid growing demand from OB/GYN partners. “What FamilyWell has built is more than a product—it’s a movement toward the care women and families deserve,” said Dr. Neel Shah, MD, MPP, Chief Medical Officer at Maven Clinic and Board Member of FamilyWell Health.
Through the FamilyWell Academy, the company runs certification programmes to train coaches in perinatal and peri-/menopause behavioural health, aiming to address national workforce shortages. “The mental health needs of women have been overlooked for far too long,” said Dr. Gaulton.
