About Options MD
Options MD is a Healthcare company based in Los Angeles (United States) founded in 2020 by Morgan Hewett and Kyle Pierce, and was acquired by Resiliencelab in October 2024. Software solutions for medication management in depression treatment are provided. Options MD has raised $6.05 million across 2 funding rounds from investors including Resiliencelab, Techstars and Bread and Butter Ventures. Its chief executive, as recorded, is Morgan Hewett. Options MD offers products and services including Telehealth Platform, Therapy Sessions, and Medication Management. Its focus areas include HealthTech, Healthcare IT, Value Based Care and Patient Engagement. Its legal entity is Options MD, Inc. Its competitors include Mindoula, Limbix and Woebot Health; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Los Angeles, United States
- Founders Morgan Hewett, Kyle Pierce
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Website optionsmd.com
- Social LinkedIn X Facebook
- Acquired by Resiliencelab (Oct 2024)
- Legal Name Options Md, Inc
- Total Equity Funding$6.05M (USD)
in 2 rounds
- Latest Funding Round$2.25M (USD), Seed
Nov 2023
- InvestorsResiliencelab
& 6 more
- Acquired byResiliencelab
(Oct 2024)
Products & Services of Options MD
Options MD offers a comprehensive portfolio of products and services, including Telehealth Platform, Therapy Sessions, and Medication Management.
Virtual platform for depression consultations and treatment.
Evidence-based therapies for managing depression symptoms.
Prescription services for antidepressants and mood stabilizers.
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 $6.05M
- Total Rounds 2
- Last Round Seed — $2.25M
- First Round $3.8M
(Sep 2022)
- Investors Count 6
All 2 funding rounds of Options MD with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2023 | $2.25M | Seed | – | – | – |
| Sep 2022 | $3.8M | Seed | – | Bread and Butter Ventures |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Micro venture capital investments are directed toward tech sectors. | breadandbutterventures.com | Minneapolis, United States | ||
Multiple sectors are invested in by M13 venture capital fund. | m13.co | Los Angeles, United States | ||
Bright Ventures is focused on early-stage venture investments. | brightventures.io | |||
Investments are directed by Collab Capital toward multiple sectors. | collab.capital | Atlanta, United States | ||
MedMountain Ventures is focused on investing in healthcare innovation. | mmv.vc | Salt Lake City, United States | ||
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Chain of wellness centre | 2019 | resiliencelab.us | Astoria, United States |
Investor details for Options MD
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People of Options MD
8 people are tracked at Options MD (4 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Morgan Hewett | Co-Founder & Co-CEO | Leadership |
Kyle Pierce | Co-Founder & Co-CEO | Leadership |
Nick Foden | Chief Technology Officer | Leadership |
Carl D. Marci | Senior Medical Advisor & Chief Medical Officer | Leadership |
Joshua Cohen | Medical Consultant | Team |
Michelle Drapkin | Medical Advisor | Team |
Joanie Lam | Product Designer | Team |
Erin Triplett | Writer | Team |
Complete people profiles for Options MD
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Timeline of Options MD
4 dated milestones of Options MD across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Options MD is founded.
- Funding First funding round of $3.8M.
- Funding Latest funding round, Seed, of $2.2M.
- Exit Acquired by Resiliencelab.
Competitors of Options MD
Options MD has 3 listed competitors in our database, 3 of them funded. They include Mindoula, Limbix and Woebot Health.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mindoula.com | 2013 | Bethesda, United States | $31.05M | 254 | Virtual care management for behavioral health is provided by Mindoula. | |
| limbix.com | 2016 | Palo Alto, United States | $27M | 55 | VR-based exposure therapy for anxiety and phobias is provided. | |
| woebothealth.com | 2017 | San Francisco, United States | $99.5M | AI-powered chat-based mental wellness tools are developed. |
Detailed competitors of Options MD
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Web traffic of Options MD
Websites that share an audience with Options MD (optionsmd.com).
Websites whose visitors overlap most with Options MD. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
optionsmdreview.com | optionsmdreview.com | 100% | – | ||
tradingconceptsinc.com | tradingconceptsinc.com | 99% | – | ||
| youtube.com | 69% | 30.4B | #2 | View details |
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Options MD (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Options Md
Complete news archive for Options MD
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Frequently Asked Questions about Options MD
Options MD was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Options MD is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Morgan Hewett is the CEO of Options MD, as recorded in our data. They have also founded this 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 2022.
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.
Options MD's top competitors include Woebot Health, Mindoula and Limbix.
Options MD offers Telehealth Platform, Therapy Sessions, and Medication Management.
Options MD has 7 investors. Key investors include Resiliencelab, Techstars, Bread and Butter Ventures, M13 Company, and Bright Ventures.
Options MD operates through Options Md, Inc.
Yes. Options MD was acquired by Resiliencelab in October 2024.