Companies · Healthtech

Analyte Health, Inc.

CHICAGO · Healthtech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Analyte Health, Inc. — recommendation, valuation, rhythm, risks.
$21.5M
Total raised · real
6
Rounds
0.1×
Latest step-up
Top 20%
Sector rank · raised
Series A
Latest stage · inferred · Tue Sep 05 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Analyte Health, Inc. looks under-valued against its niche peers and is dormant 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 0.51× the median modeled value of Series A Healthtech companies in 2016–2018 (103 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.8 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.
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

Analyte Health, Inc. is one of 2138 Healthtech companies tracked from CHICAGO. By capital raised it ranks in the upper tier (ahead of 81% of sector peers), and mid-pack 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
3
Investors (latest)
2017-09-05
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$250M$500M$750M$1.0BSeed · 2008-11-13 Raised $1.3M (real) Modeled valuation $35M (est)Seed2008Seed · 2010-06-30 Raised $2.5M (real) Modeled valuation $69M (est)Seed2010Seed · 2011-04-14 Raised $250K (real) Modeled valuation $6.9M (est)Seed2011Series A · 2012-06-29 Raised $8.0M (real) Modeled valuation $181M (est)Series A2012Series A · 2016-02-04 Raised $6.5M (real) Modeled valuation $147M (est)Series A2016Series B · 2017-09-05 Raised $27M (real) Modeled valuation $663M (est)Series B2017Series A · 2017-09-05 Raised $3.0M (real) Modeled valuation $68M (est)Series A2017+$2.5M+$250K+$8.0M+$6.5M+$27M+$3.0MCumulative $48M

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$1.3M · 2008
Seed extension$2.5M · 2010
Seed extension$250K · 2011
Series A$8.0M · 2012
Series A extension$6.5M · 2016
Series B$26.8M · 2017
Bridge · Series B-stage$3.0M · 2017smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$67.8M
Base estimate est.
$3.8M
Conservative case
$368.6M
Upside case
$13.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Seed · modeled $35.4M · 2008-11-132008Seed · modeled $69.3M · 2010-06-30Seed · modeled $6.9M · 2011-04-14Series A · modeled $180.6M · 2012-06-29Series A · modeled $146.7M · 2016-02-04Series B · modeled $663.1M · 2017-09-05Series A · modeled $67.8M · 2017-09-052017
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.46×/yr
Annual markup
1.84×/yr upside case
6.0 yr
Elapsed time used
8.8 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
18 mo
Avg between rounds
$2.4M/yr
Capital velocity
17.6 yr
On record since
2008
First round
7
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) 4.8× above median
This company$21.5M
Sector median$4.5M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.5× of median
This company$3.0M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 2.0× above median
This company$67.8M
Sector median$33.8M

Raised more than 81% of sector peers (real $). Modeled value above 69% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #86 of 103.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Prenexus Health, LLC · Series A Raised $30.0M · modeled $338.6M (est)HealthMyne, Inc. · Series A Raised $21.9M · modeled $338.6M (est)Companion Medical, Inc. · Series A Raised $20.5M · modeled $318.6M (est)Health at Scale Corp · Series A Raised $14.0M · modeled $316.0M (est)Motus GI Medical Technologies, Ltd. · Series A Raised $13.8M · modeled $310.8M (est)Cohero Health, Inc. · Series A Raised $13.3M · modeled $301.3M (est)Apama Medical, Inc. · Series A Raised $14.3M · modeled $297.4M (est)Parsley Health, Inc. · Series A Raised $14.5M · modeled $289.1M (est)Trilliant Health, Inc. · Series A Raised $12.7M · modeled $285.9M (est)Dental Whale, LLC · Series A Raised $12.5M · modeled $282.2M (est)Livestock Health Solutions, LLC · Series A Raised $12.0M · modeled $270.9M (est)Scottline Healthcare Solutions, Inc. · Series A Raised $12.0M · modeled $270.9M (est)Analyte Health, Inc. (this company) Raised $21.5M · modeled $67.8M (est)Analyte Health, Inc.
CompanyStageRaised · realValue · estvs peer med.
Prenexus Health, LLCSeries A$30.0M$338.6M2.53×
HealthMyne, Inc.Series A$21.9M$338.6M2.53×
Companion Medical, Inc.Series A$20.5M$318.6M2.38×
Health at Scale CorpSeries A$14.0M$316.0M2.36×
Motus GI Medical Technologies, Ltd.Series A$13.8M$310.8M2.33×
Cohero Health, Inc.Series A$13.3M$301.3M2.25×
Apama Medical, Inc.Series A$14.3M$297.4M2.23×
Parsley Health, Inc.Series A$14.5M$289.1M2.16×
Trilliant Health, Inc.Series A$12.7M$285.9M2.14×
Dental Whale, LLCSeries A$12.5M$282.2M2.11×
Livestock Health Solutions, LLCSeries A$12.0M$270.9M2.03×
Scottline Healthcare Solutions, Inc.Series A$12.0M$270.9M2.03×
Analyte Health, Inc. this companySeries A$21.5M$67.8M0.51×
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$1.3M2008-11-13$6.4M$35.4M85%
Seed$2.5M2010-06-30$12.5M$69.3M85%
Seed$250K2011-04-14$1.3M$6.9M85%
Series A$8.0M2012-06-29$36.4M$180.6M85%
Series A$6.5M2016-02-04$29.5M$146.7M85%
Series B$26.8M2017-09-05$148.6M$663.1M90%
Series A$3.0M2017-09-05$13.7M$67.8M90%
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$1.3M2008-11-13
    • First recorded raise — entered as Seed.
    • 4 investors on this round.
  2. Seed$2.5M2010-06-30
    • Raised 20 mo later, in step with the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 12 investors on this round.
  3. Seed$250K2011-04-14
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 10.0× smaller than the prior — bridge or down round.
    • Switched to Rule 504 (was Rule 06).
    • 1 investor on this round.
  4. Series A$8.0M2012-06-29
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 32.0× larger than the prior — scaling up.
    • Switched to Rule 06 (was Rule 504).
    • 5 investors on this round.
  5. Series A$6.5M2016-02-04
    • Raised again after 43 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 3 investors on this round.
  6. Series B$26.8M2017-09-05
    • Raised 19 mo later, in step with the ~14 mo sector norm.
    • Round 4.1× larger than the prior — scaling up.
    • 3 investors on this round.
  7. Series A$3.0M2017-09-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 8.9× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2019 ~Q1
Modeled next raise · ~18mo cadence
$3.0M
Modeled next size est.range $3.0M$4.8M
0.1×
Last step-up
$2.4M/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
Adam Koopersmith6 other2016-02
Lon Chow6 other2008-11
Matthew McCall6 other2008-11
Dan Malven5 other2008-11
Vance Vanier4 other2012-06
Kevin Weinstein2 other2017-09
Phyllis Whiteley2 other2016-02
Daniel Malven1 other2012-06
Daniel Derman2008-11
Franklin Cockerill III2016-02
Michelle Sobel2008-11
Sridhar Murthy2008-11
Registry & provenance

Analyte 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
1450769
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
HealthBridge Financial, Inc.HealthtechSeries B$81.1M$86.7Mnetwork2 shared operators · same sector
BAI Healthcare Services, Inc.HealthtechSeries A$21.8M$45.1Msame sector · same stage
Enable Dental Inc.HealthtechSeries A$21.9M$62.2Msame sector · same stage
Datacubed Health, Inc.HealthtechSeries A$22.4M$52.5Msame sector · same stage
Mural Health Technologies, Inc.HealthtechSeries A$20.2M$69.6Msame sector · same stage
Care Angel, Inc.HealthtechSeries A$23.5M$57.6Msame sector · same stage
Sittercity IncOtherSeries B$19.6M$325.2Mnetwork2 shared operators
Bongiovi Medical & Health Technologies, LLCHealthtechSeries A$19.5M$45.1Msame 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
Acolyte Health Inc.HealthtechSeed$1.2M88%
Personal Health Lab, Inc.HealthtechSeed$20.2M87%
Healthe, Inc.HealthtechSeries B$465.2M87%
Better Health Technologies Inc.HealthtechSeries A$211.9M86%
Particle Health Inc.HealthtechSeries B$311.5M86%
Healthcare, Inc.HealthtechSeries D+$4.0B86%
Healthie Inc.HealthtechSeed$29.8M86%
ADTC Health Corp.HealthtechPre-Seed$4.7M85%
Frequently asked
How much funding has Analyte Health, Inc. raised?
Analyte Health, Inc. has raised approximately $21.5M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Analyte Health, Inc.'s estimated valuation?
Provath's modeled valuation for Analyte Health, Inc. is approximately $67.8M (modeled range $3.8M–$368.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Analyte Health, Inc. at?
Analyte Health, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Sep 05.
What does Analyte Health, Inc. do and where is it based?
Analyte Health, Inc. operates in the Healthtech sector, based in CHICAGO.
Explore related

See where Analyte 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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