Companies · Healthtech

Aledade, Inc.

BETHESDA · Healthtech · refined from filed group “Other Health Care · https://aledade.com/

Diligence memoA one-page analyst read on Aledade, Inc. — recommendation, valuation, rhythm, risks.
$662.6M
Total raised · real
8
Rounds
2.1×
Latest step-up
Top 1%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Jun 07 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Aledade, Inc. looks over-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the healthtech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.86× the median modeled value of Series D+ Healthtech companies in 2022–2024 (17 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.1 yr ago; this sector typically re-raises about every 14 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Healthtech

Aledade, Inc. is one of 2138 Healthtech companies tracked from BETHESDA. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Aledade is a national leader empowering primary care organizations with actionable insights to improve patient health and support business sustainability.

Aledade is a national leader empowering primary care organizations with actionable insights to improve patient health and support business sustainability. Aledade’s accountable care organizations (ACOs) provide actionable insights and expert support for clinicians to keep their patients healthy while generating sustainable revenue. With over a decade of experience, we’ve built a suite of technology tools and tailored support to help your primary care organization seamlessly adopt value-based care workflows that will benefit your patients, staff and community. See how our partners in urban, rural and suburban communities transform the health care experience — improving quality of care for patients, building sustainable primary care organizations and lowering costs nationwide. With more than 3,000 partners, we work with all types of primary care organizations big and small - helping them succeed in value-based care. Discover how we can help you meet your specific goals. † More-so, those who join an Aledade ACO will find not only the largest patient population coverage, but also tools and resources to increase your patient population. ACOs aren't just Medicare, they are all commercial

climate/cleantechhealthtech
Find Aledade, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
11
Investors (latest)
2023-06-07
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries A · 2014-06-13 Raised $4.5M (real) Modeled valuation $102M (est)Series A2014Series A · 2015-05-29 Raised $15M (real) Modeled valuation $339M (est)Series A2015Series B · 2016-12-13 Raised $20M (real) Modeled valuation $496M (est)Series B2016Series C · 2016-12-13 Raised $40M (real) Modeled valuation $1.0B (est)Series C2016Series C · 2017-12-11 Raised $46M (real) Modeled valuation $1.2B (est)Series C2017Series C · 2017-12-11 Raised $56M (real) Modeled valuation $1.4B (est)Series C2017Series B · 2017-12-11 Raised $23M (real) Modeled valuation $570M (est)Series B2017Series C · 2020-04-03 Raised $64M (real) Modeled valuation $1.6B (est)Series C2020Series D+ · 2021-01-08 Raised $100M (real) Modeled valuation $2.3B (est)Series D+2021Series D+ · 2022-05-20 Raised $122M (real) Modeled valuation $2.1B (est)Series D+2022Series D+ · 2023-06-07 Raised $260M (real) Modeled valuation $3.5B (est)Series D+2023Cumulative $752M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$4.5M · 2014
Series A extension$15.0M · 2015
Series B$20.0M · 2016
Series C$40.2M · 2016
Series C extension$46.1M · 2017
Series C extension$56.1M · 2017
Bridge · Series C-stage$23.0M · 2017smaller follow-on
Series C extension$64.4M · 2020
Series D+$100.0M · 2021
Series D+ extension$122.3M · 2022
Series D+ extension$260.0M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$3.5B
Base estimate est.
$1.4B
Conservative case
$5.4B
Upside case
$2.2B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Series A · modeled $101.6M · 2014-06-132014Series A · modeled $338.6M · 2015-05-29Series B · modeled $495.7M · 2016-12-13Series C · modeled $1.0B · 2016-12-13Series C · modeled $1.2B · 2017-12-11Series C · modeled $1.4B · 2017-12-11Series B · modeled $570.0M · 2017-12-11Series C · modeled $1.6B · 2020-04-03Series D+ · modeled $2.3B · 2021-01-08Series D+ · modeled $2.1B · 2022-05-20Series D+ · modeled $3.5B · 2023-06-072023
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
80%
Survival probability
64% low · 88% high
1.25×/yr
Annual markup
1.40×/yr upside case
3.1 yr
Elapsed time used
3.1 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$73.8M/yr
Capital velocity
12.1 yr
On record since
2014
First round
11
Rounds on file
How it compares to the market

Benchmarked against 2138 companies in Healthtech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 149× above median
This company$662.6M
Sector median$4.5M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 2.3× above median
This company$260.0M
Sector median$115.5M
Modeled value — vs sector median (estimate, all stages) 102× above median
This company$3.5B
Sector median$33.8M

Raised more than 100% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #3 of 17.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0B$10.0BCapital raised (log)Monogram Health Holdings, Inc. · Series D+ Raised $535.1M · modeled $5.5B (est)Lyra Health, Inc. · Series D+ Raised $867.7M · modeled $4.3B (est)Clarify Health Solutions, Inc. · Series D+ Raised $372.7M · modeled $2.9B (est)Insightec Ltd · Series D+ Raised $436.4M · modeled $1.6B (est)Nalu Medical, Inc. · Series D+ Raised $127.0M · modeled $1.4B (est)RefleXion Medical, Inc. · Series D+ Raised $413.0M · modeled $1.3B (est)Altus Community Healthcare, LP · Series D+ Raised $330.5M · modeled $1.2B (est)Rightway Healthcare, Inc. · Series D+ Raised $205.8M · modeled $1.2B (est)Medical Microinstruments, Inc. · Series D+ Raised $103.0M · modeled $1.2B (est)Spring Care, Inc. · Series D+ Raised $385.9M · modeled $1.0B (est)K Health, Inc. · Series D+ Raised $353.4M · modeled $915.1M (est)Aledade, Inc. (this company) Raised $662.6M · modeled $3.5B (est)Aledade, Inc.
CompanyStageRaised · realValue · estvs peer med.
Monogram Health Holdings, Inc.Series D+$535.1M$5.5B4.56×
Lyra Health, Inc.Series D+$867.7M$4.3B3.56×
Aledade, Inc. this companySeries D+$662.6M$3.5B2.86×
Clarify Health Solutions, Inc.Series D+$372.7M$2.9B2.38×
Insightec LtdSeries D+$436.4M$1.6B1.31×
Nalu Medical, Inc.Series D+$127.0M$1.4B1.12×
RefleXion Medical, Inc.Series D+$413.0M$1.3B1.07×
Altus Community Healthcare, LPSeries D+$330.5M$1.2B1.02×
Rightway Healthcare, Inc.Series D+$205.8M$1.2B1.00×
Medical Microinstruments, Inc.Series D+$103.0M$1.2B0.97×
Spring Care, Inc.Series D+$385.9M$1.0B0.86×
K Health, Inc.Series D+$353.4M$915.1M0.76×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$4.5M2014-06-13$20.5M$101.6M85%
Series A$15.0M2015-05-29$68.2M$338.6M85%
Series B$20.0M2016-12-13$111.1M$495.7M90%
Series C$40.2M2016-12-13$268.3M$1.0B90%
Series C$46.1M2017-12-11$307.7M$1.2B90%
Series C$56.1M2017-12-11$374.3M$1.4B90%
Series B$23.0M2017-12-11$127.8M$570.0M90%
Series C$64.4M2020-04-03$429.6M$1.6B90%
Series D+$100.0M2021-01-08$833.3M$2.3B90%
Series D+$122.3M2022-05-20$1.0B$2.1B90%
Series D+$260.0M2023-06-07$2.2B$3.5B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$4.5M2014-06-13
    • First recorded raise — entered as Series A.
    • 5 investors on this round.
  2. Series A$15.0M2015-05-29
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 3.3× larger than the prior — scaling up.
    • 7 investors on this round.
  3. Series B$20.0M2016-12-13
    • Raised 19 mo later, in step with the ~14 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • 8 investors on this round.
  4. Series C$40.2M2016-12-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× larger than the prior — scaling up.
    • 11 investors on this round.
  5. Series C$46.1M2017-12-11
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
  6. Series C$56.1M2017-12-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 17 investors on this round.
  7. Series B$23.0M2017-12-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  8. Series C$64.4M2020-04-03
    • Raised again after 28 mo — slower than the ~14 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 11 investors on this round.
  9. Series D+$100.0M2021-01-08
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 10 investors on this round.
  10. Series D+$122.3M2022-05-20
    • Raised 16 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 20 investors on this round.
  11. Series D+$260.0M2023-06-07
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 11 investors on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~11mo cadence
$552.9M
Modeled next size est.range $359.4M$884.6M
2.1×
Last step-up
$73.8M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
PATRICK CONWAY5 other2020-04
Bijan Salehizadeh4 other2022-05
Julie Sunderland4 other2016-12
Robert Kocher4 other2015-05
Mark McClellan2 other2016-12
James Manzi1 other2017-12
John Doyle1 other2022-05
Paul Hennessy1 other2023-06
Charles Colligan2017-12
David Blumenthal2023-06
Farzad Mostashari2014-06
James B. Manzi2017-12
Kendall Mat2022-05
Mat Kendall2021-01
Matthew Kendall2023-06
Michelle Ryan2022-05
Phuong Phillips2023-06
Phyllis Yale2022-05
Robert B. Kocher2014-06
Stephen B. Thau2014-06
Registry & provenance

Aledade, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1611176
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Auris Health, Inc.HealthtechSeries D+$718.1M$5.3Bnetwork1 shared operator · same sector · same stage
Imperative Care, Inc.HealthtechSeries D+$584.7M$712.6Msame sector · same stage
Monogram Health Holdings, Inc.HealthtechSeries D+$535.1M$5.5Bsame sector · same stage
Lyra Health, Inc.HealthtechSeries D+$867.7M$4.3Bsame sector · same stage
Vroom, Inc.RetailingSeries D+$582.4M$31.6Mnetwork1 shared operator · same stage
Insightec LtdHealthtechSeries D+$436.4M$1.6Bsame sector · same stage
RefleXion Medical, Inc.HealthtechSeries D+$413.0M$1.3Bsame sector · same stage
Spring Care, Inc.HealthtechSeries D+$385.9M$1.0Bsame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Obento Health
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South Texas ACO Clinical Partners, LLCHealthtechPre-Seed$21.7M73%
Texoma Clinical Partners ACO, LLCHealthtechPre-Seed$2.1M73%
Alio, Inc.Other Health CareSeries A$64.7M72%
Accountable Healthcare America Inc.HealthtechSeed$38.8M72%
Commure, Inc.
Commure is reshaping the healthcare landscape with AI-powered solutions that streamline operations, reduce costs, and improve patient and provider experiences.
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CareMessage
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Frequently asked
How much funding has Aledade, Inc. raised?
Aledade, Inc. has raised approximately $662.6M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Aledade, Inc.'s estimated valuation?
Provath's modeled valuation for Aledade, Inc. is approximately $3.5B (modeled range $1.4B–$5.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Aledade, Inc. at?
Aledade, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Jun 07.
What does Aledade, Inc. do and where is it based?
Aledade, Inc. operates in the Healthtech sector, based in BETHESDA. Aledade is a national leader empowering primary care organizations with actionable insights to improve patient health and support business sustainability.
Explore related

See where Aledade, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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