evolvedMD Raises $34M Series B, Silicon Oasis Health-Tech Rising

By: Kyle Macdonald , COO of Silicon Oasis Scottsdale-based evolvedMD has secured $34 million in Series B funding led by Goldman Sachs . The round will help expand its collaborative care model, which embeds behavioral health clinicians directly into primary care practices—improving access, coordination, and mental health outcomes. Founded by Erik Osland and Steve Biljan , evolvedMD has grown rapidly, now serving over 36,000 patients across 200+ locations in multiple states. Their leadership has helped position Arizona's Silicon Oasis as a standout hub in the healthtech space, driving real impact through care coordination and human-centered technology.

The company saw a 255% revenue increase from 2021 to 2023 and partners with major health systems like Banner Health and HonorHealth. This milestone reflects Arizona’s emergence as a leading hub for healthcare innovation. As evolvedMD scales, it’s not just improving lives—it’s showcasing the impact of tech-driven, community-first solutions built right here in the Valley.

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