About Options MD
Options MD is a company based in Los Angeles (United States) founded in 2020 by Morgan Hewett and Kyle Pierce was acquired by Resiliencelab in October 2024.. Options MD has raised $6.05 million across 2 funding rounds from investors including Resiliencelab, Techstars and Bread and Butter Ventures. Options MD offers products and services including Telehealth Platform, Therapy Sessions, and Medication Management. Options MD operates in a competitive market with competitors including Mindoula, Limbix, Woebot Health, PursueCare and Click Therapeutics, among others.
- Headquarter Los Angeles, United States
- Founders Morgan Hewett, Kyle Pierce
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Options Md, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.05 M (USD)
in 2 rounds
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Latest Funding Round
$2.25 M (USD), Seed
Nov 17, 2023
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Investors
Resiliencelab
& 6 more
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Employee Count
Employee Count
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Acquired by
Resiliencelab
(Oct 08, 2024)
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Products & Services of Options MD
Options MD offers a comprehensive portfolio of products and services, including Telehealth Platform, Therapy Sessions, and Medication Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Virtual platform for depression consultations and treatment.
Evidence-based therapies for managing depression symptoms.
Prescription services for antidepressants and mood stabilizers.
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Leadership Team
2 people
Medical Team
2 people
Software Development Team
2 people
Product Management Team
1 people
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Funding Insights of Options MD
Options MD has successfully raised a total of $6.05M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.25 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.2M
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First Round
First Round
(16 Sep 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Seed - Options MD | Valuation |
investors |
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| Sep, 2022 | Amount | Seed - Options MD | Valuation | Bread and Butter Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Options MD
Options MD has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Resiliencelab, Techstars and Bread and Butter Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Micro venture capital investments are directed toward tech sectors.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by M13 venture capital fund.
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Founded Year | Domain | Location | |
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Bright Ventures is focused on early-stage venture investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Options MD
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Options MD
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Options Md Comparisons
Competitors of Options MD
Options MD operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mindoula, Limbix, Woebot Health, PursueCare and Click Therapeutics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual care management for behavioral health is provided by Mindoula.
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| domain | founded_year | HQ Location |
VR-based exposure therapy for anxiety and phobias is provided.
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| domain | founded_year | HQ Location |
AI-powered chat-based mental wellness tools are developed.
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| domain | founded_year | HQ Location |
Addiction treatment is delivered via mobile app teleconsultations.
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| domain | founded_year | HQ Location |
Mobile apps for brain disorder treatments are provided.
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| domain | founded_year | HQ Location |
Digital therapeutics for mental and physical illnesses are provided online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Options Md
Frequently Asked Questions about Options MD
When was Options MD founded?
Options MD was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Options MD located?
Options MD is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Options MD?
Morgan Hewett is the current CEO of Options MD. They have also founded this company.
Is Options MD a funded company?
Options MD is a funded company, having raised a total of $6.05M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.8M, raised on Sep 16, 2022.
What does Options MD do?
Options MD was founded in 2020 in Los Angeles, United States, as a provider of software solutions focused on treatment-resistant depression within the healthcare sector. A telemedicine platform is offered, enabling healthcare professionals to access patient histories of depression, symptoms, lifestyle factors, overall health, and personal treatment preferences. Operations center on facilitating remote medication management and personalized care.
Who are the top competitors of Options MD?
Options MD's top competitors include PursueCare, Click Therapeutics and Woebot Health.
What products or services does Options MD offer?
Options MD offers Telehealth Platform, Therapy Sessions, and Medication Management.
Who are Options MD's investors?
Options MD has 7 investors. Key investors include Resiliencelab, Techstars, Bread and Butter Ventures, M13 Company, and Bright Ventures.
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