Legion Health Analysis: $6M Raised
What is Legion Health?
Legion Health provides telehealth psychiatry and medication management for common mental health conditions. The site lists virtual psychiatric evaluations, ongoing follow-up care, and prescriptions sent to pharmacies. It says the company is backed by Y Combinator and serves thousands of patients.
Location
San Francisco, United States
Employees
11-50
Founded
2021
Revenue
$1.7M - $4.1M
Product Features & Capabilities
- ADHD, anxiety disorders, depression, bipolar disorder, borderline personality disorder, PTSD, OCD, panic disorder, insomnia/sleep disorders, premenstrual dysphoric disorder, telemedicine services, personalized follow-up schedules, evidence-based diagnosis.
How much Legion Health raised
Seed - $6.3 million
October 2024Lead Investor: Alumni Ventures, Y Combinator, Acequia Capital, Soma Capital, and angel investors including Dr. Ravi Shah, Erica Johnson, and Jay Desai.
Who are the founders of Legion Health
Competitors Overview
Legion Health operates in the psychiatric care and mental health treatment market, facing competition from several notable companies:
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NeuroFlow: This company provides a comprehensive behavioral health platform that enhances provider workflows, improves screening capacity, and offers actionable insights for clinical decision support. NeuroFlow focuses on integrating technology with behavioral health services, which allows for better management of mental health conditions through validated assessments and proactive crisis outreach.
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Uwill: Uwill is a mental health and wellness solution specifically designed for college students. It offers immediate teletherapy appointments and crisis support, making it a valuable resource for students facing mental health challenges. Uwill's focus on the student demographic and its ability to provide immediate access to licensed therapists set it apart from traditional psychiatric care providers.
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Syllable: While specific details about Syllable's offerings were not retrieved, it is known to be a competitor in the mental health space, likely focusing on technology-driven solutions for mental health care.
Notable differences include NeuroFlow's emphasis on technology integration and data-driven insights, Uwill's specialization in student mental health, and Legion Health's comprehensive approach to wellness through board-certified providers.
Investors
- Alumni Ventures
- Y Combinator
- Acequia Capital
- Soma Capital
- Dr. Ravi Shah (former chief medical officer at Geode Health)
- Erica Johnson (co-founder at Modern Health)
- Jay Desai (founder and ex-CEO at PatientPing)
Business Model
Digital psychiatry practice leveraging AI, generating revenue through in-network payer partnerships.
Market Focus
Legion Health primarily focuses on the mental health industry, providing psychiatric care and mental health treatment.
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