Companies · Healthtech

Algernon Health Inc.

VANCOUVER · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Algernon Health Inc. — recommendation, valuation, rhythm, risks.
$1.5M
Total raised · real
3
Rounds
2.0×
Latest step-up
Top 67%
Sector rank · raised
Seed
Latest stage · inferred · Fri Nov 14 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Algernon Health Inc. looks under-valued against its niche peers and is active 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.

Under-valued
  • Modeled value is 0.13× the median modeled value of Seed Healthtech companies in 2025–2027 (77 peers) — value vs value, same stage and era.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Algernon Health Inc. is one of 2138 Healthtech companies tracked from VANCOUVER. By capital raised it ranks in the long tail (ahead of 34% of sector peers), and in the long tail by modeled valuation est..

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

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2025-11-14
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$13M$25M$38M$50MSeed · 2015-05-15 Raised $1.1M (real) Modeled valuation $31M (est)$1.1M$31MSeed2015Seed · 2016-11-25 Raised $151K (real) Modeled valuation $4.2M (est)$151K$4.2MSeed2016Pre-Seed · 2025-11-14 Raised $126K (real) Modeled valuation $274K (est)$126K$274KPre-Seed2025Seed · 2025-11-14 Raised $250K (real) Modeled valuation $623K (est)$250K$623KSeed2025+$151K+$126K+$250KCumulative $1.7M

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
Seed$1.1M · 2015
Seed extension$151K · 2016
Bridge · Seed-stage$126K · 2025smaller follow-on
Seed extension$250K · 2025

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$623K
Base estimate est.
$212K
Conservative case
$1.1M
Upside case
$1.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Seed · modeled $31.2M · 2015-05-152015Seed · modeled $4.2M · 2016-11-25Pre-Seed · modeled $274K · 2025-11-14Seed · modeled $623K · 2025-11-142025
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.57×/yr
Annual markup
2.05×/yr upside case
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
42 mo
Avg between rounds
$145K/yr
Capital velocity
11.1 yr
On record since
2015
First round
4
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) 0.3× of median
This company$1.5M
Sector median$4.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$250K
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$623K
Sector median$33.8M

Raised more than 34% of sector peers (real $). Modeled value above 10% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #72 of 77.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Headstart Health, Inc. · Seed Raised $4.0M · modeled $14.5M (est)eMAX Health 2.0 LLC · Seed Raised $3.8M · modeled $13.6M (est)Ezer Health Holdings, Llc · Seed Raised $4.0M · modeled $13.5M (est)Helius Medical Technologies, Inc. · Seed Raised $15.4M · modeled $13.4M (est)LaaSy Health HoldCo Inc. · Seed Raised $3.9M · modeled $12.9M (est)LeBlanc Dental Products, Inc. · Seed Raised $4.1M · modeled $12.0M (est)Physicians' Medical Center, LLC · Seed Raised $4.2M · modeled $12.0M (est)Fresenius Medical Care Northshore Houston, LLC · Seed Raised $4.0M · modeled $11.8M (est)Fresenius Medical Care Sunset, LLC · Seed Raised $3.5M · modeled $11.6M (est)Nexxt MedTech Inc. · Seed Raised $4.0M · modeled $11.2M (est)Bainbridge Health, Inc. · Seed Raised $9.3M · modeled $10.9M (est)Flyway Health Inc. · Seed Raised $4.0M · modeled $10.0M (est)Algernon Health Inc. (this company) Raised $1.5M · modeled $623K (est)Algernon Health Inc.
CompanyStageRaised · realValue · estvs peer med.
Headstart Health, Inc.Seed$4.0M$14.5M2.96×
eMAX Health 2.0 LLCSeed$3.8M$13.6M2.79×
Ezer Health Holdings, LlcSeed$4.0M$13.5M2.77×
Helius Medical Technologies, Inc.Seed$15.4M$13.4M2.74×
LaaSy Health HoldCo Inc.Seed$3.9M$12.9M2.64×
LeBlanc Dental Products, Inc.Seed$4.1M$12.0M2.46×
Physicians' Medical Center, LLCSeed$4.2M$12.0M2.46×
Fresenius Medical Care Northshore Houston, LLCSeed$4.0M$11.8M2.42×
Fresenius Medical Care Sunset, LLCSeed$3.5M$11.6M2.36×
Nexxt MedTech Inc.Seed$4.0M$11.2M2.29×
Bainbridge Health, Inc.Seed$9.3M$10.9M2.23×
Flyway Health Inc.Seed$4.0M$10.0M2.05×
Algernon Health Inc. this companySeed$1.5M$623K0.13×
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.
Seed$1.1M2015-05-15$5.6M$31.2M85%
Seed$151K2016-11-25$754K$4.2M90%
Pre-Seed$126K2025-11-14$702K$274K90%
Seed$250K2025-11-14$1.3M$623K90%
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. Seed$1.1M2015-05-15
    • First recorded raise — entered as Seed.
    • 48 investors on this round.
  2. Seed$151K2016-11-25
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 7.5× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  3. Pre-Seed$126K2025-11-14
    • Raised again after 108 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  4. Seed$250K2025-11-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2029 ~Q2
Modeled next raise · ~42mo cadence
$494K
Modeled next size est.range $321K$791K
2.0×
Last step-up
$145K/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
Mark Williams11 other2025-11
Christopher Moreau2 other2025-11
David Levine2 other2016-11
MICHAEL SADHRA1 other2016-11
Rajpaul Attariwala1 other2015-05
Christopher Bryan2025-11
GUY LATORRE2016-11
Harry Bloomfield2025-11
Howard Gutman2025-11
James Kinley2025-11
Kal Malhi2015-05
Raj Attariwala2016-11
Registry & provenance

Algernon Health 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
1642178
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
First Responder Technologies Inc.Public Safety & SecuritySeed$1.9M$55.0Mnetwork2 shared operators · same stage
NOCTEM Health, Inc.HealthtechSeed$1.5M$3.2Msame sector · same stage
Presidio Health, Inc.HealthtechSeed$1.4M$2.3Msame sector · same stage
Thynk Health, LLCHealthtechSeed$1.4M$1.1Msame sector · same stage
Texas Health Surgery Center Chisolm Trail, LLCHealthtechSeed$1.3M$2.1Msame sector · same stage
Mesh Health Solutions, LlcHealthtechSeed$1.7M$3.1Msame sector · same stage
Care Eleven Performance Holdings, LLCHealthtechSeed$1.3M$2.6Msame sector · same stage
4C Health Solutions, Inc.HealthtechSeed$1.3M$1.9Msame 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
Aldea Health, LLCHealthtechPre-Seed$841K86%
Alva Health, Inc.HealthtechPre-Seed$12.0M85%
Aloe Care Health, Inc.HealthtechSeries A$160.5M83%
What About Health, Inc.HealthtechPre-Seed$7.6M83%
Covera Health, Inc.HealthtechSeries B$485.3M82%
Xolani Health System CorpHealthtechSeries A$19.8M82%
Aam Care, Inc.HealthtechSeed$45.0M82%
Aloe Care International, LLCHealthtechSeries A$112.9M82%
Frequently asked
How much funding has Algernon Health Inc. raised?
Algernon Health Inc. has raised approximately $1.5M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Algernon Health Inc.'s estimated valuation?
Provath's modeled valuation for Algernon Health Inc. is approximately $623K (modeled range $212K–$1.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Algernon Health Inc. at?
Algernon Health Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Nov 14.
What does Algernon Health Inc. do and where is it based?
Algernon Health Inc. operates in the Healthtech sector, based in VANCOUVER.
Explore related

See where Algernon Health 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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