Funding profile · Digital pain and anxiety management
Flowly
No Form D on file under Flowly or its legal name, Tamade. The one number sourced to a federal filing is a $1,214,571 SBIR grant. Everything past that runs through company interviews and aggregators that do not agree with each other.
Data as of September 25, 2026. Company-reported and aggregator figures are labeled as such.
Rounds at a glance
| When | Round | Amount | Investors | Source |
|---|---|---|---|---|
| FY2019 | NIDA SBIR Phase I, R44DA049630 | $225,000 | National Institute on Drug Abuse | NIH record |
| 2021 | Y Combinator, Summer 2021 batch | Standard YC check, reported as $125,000 | Y Combinator | Aggregator |
| By Apr 2021 | Total raised, self-reported | $2.5M, including the NIH grant | Not itemized by the company | Company-stated |
| Undated | Seed capital, aggregator list | Not broken out; aggregator total $1.83M, last round $500K | Sazze Partners, Healthworx Accelerator, One Mind Accelerator, 500 Global, Y Combinator, per CB Insights | Aggregator |
| FY2022 | NIDA SBIR Phase II, R44DA049630 | $989,571 | National Institute on Drug Abuse | NIH record |
What the filings show
Nothing. A search of SEC EDGAR’s full text index for “Flowly” and for the company’s legal name, “Tamade,” returns zero Form D filings of any kind, under any form type, as of September 25, 2026. That does not mean no money changed hands. Companies raising only under Section 4(a)(2), or through instruments and amounts that do not trigger a federal filing, can go years without a Form D. It does mean this page has no SEC document to check the company’s own numbers against.
What does exist on the federal record is the grant. NIH RePORTER lists project R44DA049630 to Tamade, LLC of Pasadena, California, with Celine Tien as contact principal investigator, administered by the National Institute on Drug Abuse as a Small Business Innovation Research Fast Track award:
Tamade, LLC · NIH SBIR Fast Track, R44DA049630, Phase I · fiscal year 2019
- Award
- $225,000
- Institute
- National Institute on Drug Abuse (NIDA)
- PI
- Celine Tien
- Title
- Opioid-Sparing pain management for Chronic Low Back Pain patients using TMC-CP01, a VANISH-based program
- Filing
- NIH RePORTER, project 1R44DA049630-01
Tamade, LLC · NIH SBIR Fast Track, R44DA049630, Phase II · fiscal year 2022
- Award
- $989,571
- Institute
- National Institute on Drug Abuse (NIDA)
- PI
- Celine Tien
- Period
- Project start Sep 30, 2019, end Dec 31, 2024
- Filing
- NIH RePORTER, project 4R44DA049630-02
Reading the record
- The grant total lines up with what the founder told a reporter.Phase I plus Phase II comes to $1,214,571. In April 2021, before the Phase II amount had posted, Celine Tien told Inc. the company had raised $2.5 million to date “including a $1.2 million grant from the National Institutes of Health and National Institute of Drug Abuse.” That figure and the grant total are close enough to treat as the same number.
- The non-grant half of that $2.5 million has no public source.Subtract the roughly $1.2M grant amount Tien cited and about $1.3M in equity or other capital is unaccounted for on any filing. No Form D, no press release naming a lead investor, and no funding announcement for a priced round turned up in this review.
- Two aggregators, two different totals.CB Insights puts total funding at $1.83M with a last round of $500K about two years before its April 2021 snapshot. Tracxn records only a single $125,000 Y Combinator seed round dated September 2021. Neither matches the company’s own $2.5M figure, and the two aggregators do not match each other. This page cannot resolve the gap; it can only show it.
- The investor list is unconfirmed in at least one place.CB Insights names Sazze Partners, One Mind Accelerator, Healthworx Accelerator, Y Combinator and 500 Global among Flowly’s backers. One Mind Accelerator’s own published portfolio page, checked in September 2026, does not list Flowly; it lists a similarly named company, Flow Neuroscience, instead. Whether Flowly was an earlier cohort member that has since rolled off the list, or the aggregator conflated the two names, is not resolved here.
- No Form D means no investor count, no exemption type, and no related-persons list.Everything this page would normally read off a Form D, the number of investors, the average check, who sits on the board, simply is not filed. That is unusual for a company reporting a multi-million dollar raise and speaks to how much of Flowly’s capital structure sits outside what federal securities filings capture.
Commercial signals
| Signal | Detail | Source type |
|---|---|---|
| Regulatory | No FDA 510(k), PMA or device registration listing found for Flowly, Tamade or Tamadé as of Sep 2026. | Not found |
| Business model | Shifted from a direct to consumer VR and biofeedback subscription in 2020 to a “virtual clinic” with a 14 week, licensed-therapist-led program by 2024 to 2026. | Company-stated |
| Insurance | Accepts “certain health insurance plans in select states” as of a November 2024 company statement. No payer named. | Company-stated |
| Team size | 2 to 10 employees per LinkedIn; 12 employees as of August 2026 per Tracxn. | Aggregator |
| Clinical evidence | One completed, unblinded, 20-patient registered trial with results posted Apr 2025 (NCT04236804). No peer-reviewed paper found. | Public record |
| Philanthropic access fund | “Pathways to Healing” fund launched Nov 2024 to subsidize the program for patients who cannot pay out of pocket. | Company-stated |
What to watch
- A first Form D, which would be the first federal securities filing this company has ever made under either the Flowly or Tamade name.
- Whether CB Insights, Tracxn or Crunchbase update their funding totals to agree with each other or with the company’s own $2.5M figure.
- Confirmation, one way or the other, of Flowly’s presence in the One Mind Accelerator portfolio.
- Named payers now that the company says it takes insurance in select states.
The Flowly story on Healthcare DiscoveryHealthcare Discovery
Related companies
Sources
- Public recordNIH RePORTER, project R44DA049630, Tamade LLC
- Public recordSEC EDGAR full text search, “Flowly” and “Tamade,” Form D
- Public recordopenFDA 510(k) and device registration listing searches, “Flowly” and “Tamade”
- IndependentA Chinese American Entrepreneur on Anti-Asian Bias in the Pandemic
- AggregatorFlowly company profile, legal name Tamadé
- AggregatorFlowly company and funding profile
- AggregatorFlowly company profile, legal name Tamadé Inc.
- IndependentOur Portfolio
- PlatformFlowly company page
- PlatformFlowly: relaxation training, developer Tamade LLC
- PlatformFlowly company page
- CompanyFlowly Launches Pathways to Healing Fund
- CompanyFlowly homepage and about page
Compiled from SEC, NIH and FDA public records and published reports as of September 25, 2026. No Form D notice was found for this company under any name searched. Aggregator and company-reported funding figures are labeled and do not always agree with each other. Healthcare Venture Capital Fund holds no position in Flowly. This page is not an offer to sell or a recommendation to buy any security.
