Wayspring

Wayspring is a technology company.

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Updated: Feb 17, 2026 ·

Recent News & Mentions

Sep 1, 2021FundingWayspring - Series D Feb 1, 2020FundingWayspring - Series C Oct 1, 2016FundingWayspring - Series B Jul 1, 2015FundingWayspring - Series A Sep 1, 2014FundingWayspring - Series A Sep 1, 2013FundingWayspring - Seed

Financial History

Wayspring has raised $117.0M across 6 funding rounds. Most recently, it raised $75.0M Series D in September 2021.

Total Raised

$117.0M

Valuation

N/A

Funding Rounds Raised

Date	Round	Other Investors
Sep 1, 2021	$75.0M Series D	Andreessen Horowitz, BlueCross BlueShield Venture Partners, F-Prime Capital Partners, General Catalyst, Kinnevik, Oak HC/FT, Sandbox Industries, Justin Mateen, Sahin Boydas
Feb 1, 2020	$15.0M Series C	Andreessen Horowitz, BlueCross BlueShield Venture Partners, CVS Health, F-Prime Capital Partners, General Catalyst, Kinnevik, Oak HC/FT, Sandbox Industries, Justin Mateen, Sahin Boydas
Oct 1, 2016	$17.0M Series B	Andreessen Horowitz, BlueCross BlueShield Venture Partners, F-Prime Capital Partners, General Catalyst, Kinnevik, Oak HC/FT, Sandbox Industries, Justin Mateen, Sahin Boydas
Jul 1, 2015	$8.0M Series A	BlueCross BlueShield Venture Partners, Sandbox Industries
Sep 1, 2014	$2.0M Series A	BlueCross BlueShield Venture Partners, Sandbox Industries
Sep 1, 2013	$50K Seed	BlueCross BlueShield Venture Partners, Sandbox Industries

Financial History

Wayspring has raised $117.0M across 6 funding rounds.

Total Raised

$117.0M

Valuation

N/A

Deep Dive

# Wayspring: A Healthcare Organization, Not a Technology Company

Wayspring is not a technology company—it is a value-based care organization focused on treating substance use disorder (SUD) for health plan members.[1][2] The company provides medical, behavioral health, and social support services rather than building software or technology products as its primary business.

High-Level Overview

Wayspring operates as a healthcare delivery and care management entity that partners with health plans to serve individuals with substance use disorders across multiple states.[1] The organization's core mission is to advance SUD treatment by guiding members toward lasting recovery through comprehensive, whole-person care.

The company serves health plan members struggling with substance use disorder—a population that faces significant barriers to consistent, accessible treatment.[2] Wayspring addresses this by combining clinical services (delivered by physicians, advanced practice nurses, and licensed counselors) with social determinant support (housing, food assistance) and peer-based engagement.[2] This integrated approach aims to reduce healthcare waste, improve treatment adherence, and produce better health outcomes compared to fragmented care models.

Core Differentiators

Wayspring's competitive advantages include:

Comprehensive care model: Addresses physical health, behavioral health, substance use treatment, and social needs simultaneously, rather than treating these in isolation.[2]
Longitudinal engagement: Provides sustained member outreach and support through virtual and in-person channels, with dedicated engagement specialists ensuring continuity of care.[2]
Network optimization tools: Recently launched Network Solutions, offering health plans evidence-based scorecards, outlier analytics, and performance monitoring to improve provider quality and drive cost savings.[3]
Data-driven insights: Provides health plans and providers with actionable performance data on quality and cost factors to identify barriers to care and optimize outcomes.[3]
Multi-state partnerships: Operates partnerships with health plans across eight states with expansion planned.[1]

Role in the Broader Healthcare Landscape

Wayspring operates within the value-based care movement, where providers and health plans shift from fee-for-service models to outcome-focused arrangements.[1][3] The company addresses a critical gap: substance use disorder treatment remains fragmented, inconsistent, and difficult to navigate for patients, while health plans and providers lack comprehensive data to optimize care delivery.[3]

The timing is significant. As healthcare systems increasingly adopt value-based payment models and prioritize whole-person care, organizations that can demonstrate improved outcomes while reducing costs gain competitive advantage. Wayspring's backing by CVS Health Ventures—a corporate venture fund focused on transforming care delivery and enabling whole-person care—signals institutional recognition of this trend.[1]

Quick Take & Future Outlook

Wayspring is positioned to scale its proven SUD Home model across additional states while expanding its Network Solutions offering to help health plans optimize their behavioral health networks.[1][3] As value-based care adoption accelerates and payers demand better tools for managing complex populations, organizations that combine clinical expertise with data-driven network management will likely see increased demand.

The company's growth trajectory depends on expanding health plan partnerships, demonstrating measurable improvements in member outcomes and cost savings, and establishing Network Solutions as a standard tool for SUD and behavioral health network optimization.

Sources

Frequently Asked Questions

How much funding has Wayspring raised?

Wayspring has raised $117.0M in total across 6 funding rounds.

Who are Wayspring's investors?

Wayspring's investors include Andreessen Horowitz, BlueCross BlueShield Venture Partners, F-Prime Capital Partners, General Catalyst, Kinnevik, Oak HC/FT, Sandbox Industries, Justin Mateen, Sahin Boydas, CVS Health.