Companies · Healthtech

Ascellus Health, Inc.

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

Diligence memoA one-page analyst read on Ascellus Health, Inc. — recommendation, valuation, rhythm, risks.
$21.6M
Total raised · real
12
Rounds
4.5×
Latest step-up
Top 20%
Sector rank · raised
Series A
Latest stage · inferred · Thu Apr 24 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Ascellus 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 0.39× the median modeled value of Series A Healthtech companies in 2025–2027 (99 peers) — value vs value, same stage and era.
Active
  • Last raise 14 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

Ascellus Health, Inc. is one of 2138 Healthtech companies tracked from MIAMI. By capital raised it ranks in the upper tier (ahead of 81% 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
9
Investors (latest)
2025-04-24
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$50M$100M$150M$200MPre-Seed · 2015-05-29 Raised $550K (real) Modeled valuation $19M (est)Pre-Seed2015Pre-Seed · 2016-05-27 Raised $1.0M (real) Modeled valuation $34M (est)Pre-Seed2016Pre-Seed · 2018-07-01 Raised $850K (real) Modeled valuation $29M (est)Pre-Seed2018Pre-Seed · 2019-03-15 Raised $300K (real) Modeled valuation $10M (est)Pre-Seed2019Seed · 2019-07-15 Raised $1.5M (real) Modeled valuation $42M (est)Seed2019Series A · 2020-07-09 Raised $8.0M (real) Modeled valuation $179M (est)Series A2020Series A · 2021-11-02 Raised $1.3M (real) Modeled valuation $18M (est)Series A2021Series A · 2022-04-28 Raised $500K (real) Modeled valuation $5.7M (est)Series A2022Series A · 2022-10-06 Raised $100K (real) Modeled valuation $962K (est)Series A2022Series A · 2023-02-27 Raised $4.6M (real) Modeled valuation $38M (est)Series A2023Series A · 2024-09-06 Raised $806K (real) Modeled valuation $3.8M (est)Series A2024Pre-Seed · 2025-04-24 Raised $454K (real) Modeled valuation $1.3M (est)Pre-Seed2025Series A · 2025-04-24 Raised $2.1M (real) Modeled valuation $7.6M (est)Series A2025Cumulative $22M

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
Pre-Seed$550K · 2015
Pre-Seed extension$1.0M · 2016
Pre-Seed extension$850K · 2018
Pre-Seed extension$300K · 2019
Seed$1.5M · 2019
Series A$8.0M · 2020
Series A extension$1.3M · 2021
Series A extension$500K · 2022
Series A extension$100K · 2022
Series A extension$4.6M · 2023
Series A extension$806K · 2024
Bridge · Series A-stage$454K · 2025smaller follow-on
Series A extension$2.1M · 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
$7.6M
Base estimate est.
$2.6M
Conservative case
$13.6M
Upside case
$9.4M
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.

Pre-Seed · modeled $19.0M · 2015-05-292015Pre-Seed · modeled $34.5M · 2016-05-27Pre-Seed · modeled $29.3M · 2018-07-01Pre-Seed · modeled $10.3M · 2019-03-15Seed · modeled $41.6M · 2019-07-15Series A · modeled $179.2M · 2020-07-09Series A · modeled $18.1M · 2021-11-02Series A · modeled $5.7M · 2022-04-28Series A · modeled $962K · 2022-10-06Series A · modeled $38.1M · 2023-02-27Series A · modeled $3.8M · 2024-09-06Pre-Seed · modeled $1.3M · 2025-04-24Series A · modeled $7.6M · 2025-04-242025
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
1.2 yr
Elapsed time used
1.2 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$2.2M/yr
Capital velocity
11.1 yr
On record since
2015
First round
13
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$21.6M
Sector median$4.5M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.1M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$7.6M
Sector median$33.8M

Raised more than 81% of sector peers (real $). Modeled value above 29% 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 #79 of 99.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Queen Dental USA Inc · Series A Raised $15.0M · modeled $61.4M (est)Healthplan Data Solutions, Inc. · Series A Raised $16.7M · modeled $56.2M (est)Chronic Care Management, Inc. · Series A Raised $40.6M · modeled $53.7M (est)Mountain Health Technologies, Inc. · Series A Raised $15.2M · modeled $46.5M (est)Modular Medical, Inc. · Series A Raised $17.3M · modeled $45.7M (est)Healthcare Triangle, Inc. · Series A Raised $19.2M · modeled $44.4M (est)Handl Health, Inc. · Series A Raised $15.7M · modeled $40.3M (est)Medical Exercise Inc. · Series A Raised $11.1M · modeled $40.3M (est)Frontera Health, Inc. · Series A Raised $10.0M · modeled $40.1M (est)Prospyr Medical, Inc. · Series A Raised $18.6M · modeled $39.6M (est)Koda Health, Inc. · Series A Raised $12.2M · modeled $39.3M (est)Cooler Heads Care, Inc. · Series A Raised $18.8M · modeled $39.0M (est)Ascellus Health, Inc. (this company) Raised $21.6M · modeled $7.6M (est)Ascellus Health, Inc.
CompanyStageRaised · realValue · estvs peer med.
Queen Dental USA IncSeries A$15.0M$61.4M3.19×
Healthplan Data Solutions, Inc.Series A$16.7M$56.2M2.92×
Chronic Care Management, Inc.Series A$40.6M$53.7M2.79×
Mountain Health Technologies, Inc.Series A$15.2M$46.5M2.42×
Modular Medical, Inc.Series A$17.3M$45.7M2.38×
Healthcare Triangle, Inc.Series A$19.2M$44.4M2.31×
Handl Health, Inc.Series A$15.7M$40.3M2.10×
Medical Exercise Inc.Series A$11.1M$40.3M2.10×
Frontera Health, Inc.Series A$10.0M$40.1M2.09×
Prospyr Medical, Inc.Series A$18.6M$39.6M2.06×
Koda Health, Inc.Series A$12.2M$39.3M2.04×
Cooler Heads Care, Inc.Series A$18.8M$39.0M2.03×
Ascellus Health, Inc. this companySeries A$21.6M$7.6M0.39×
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.
Pre-Seed$550K2015-05-29$3.1M$19.0M85%
Pre-Seed$1.0M2016-05-27$5.6M$34.5M85%
Pre-Seed$850K2018-07-01$4.7M$29.3M90%
Pre-Seed$300K2019-03-15$1.7M$10.3M90%
Seed$1.5M2019-07-15$7.5M$41.6M90%
Series A$8.0M2020-07-09$36.4M$179.2M90%
Series A$1.3M2021-11-02$6.0M$18.1M90%
Series A$500K2022-04-28$2.3M$5.7M90%
Series A$100K2022-10-06$455K$962K90%
Series A$4.6M2023-02-27$20.9M$38.1M90%
Series A$806K2024-09-06$3.7M$3.8M90%
Pre-Seed$454K2025-04-24$2.5M$1.3M90%
Series A$2.1M2025-04-24$9.4M$7.6M90%
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. Pre-Seed$550K2015-05-29
    • First recorded raise — entered as Pre-Seed.
    • 9 investors on this round.
  2. Pre-Seed$1.0M2016-05-27
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 1 investor on this round.
  3. Pre-Seed$850K2018-07-01
    • Raised again after 25 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
  4. Pre-Seed$300K2019-03-15
    • Raised 8 mo later, in step with the ~14 mo sector norm.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  5. Seed$1.5M2019-07-15
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 5.0× larger than the prior — scaling up.
    • 2 investors on this round.
  6. Series A$8.0M2020-07-09
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round 5.3× larger than the prior — scaling up.
    • 7 investors on this round.
  7. Series A$1.3M2021-11-02
    • Raised 16 mo later, in step with the ~14 mo sector norm.
    • Round 6.0× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  8. Series A$500K2022-04-28
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  9. Series A$100K2022-10-06
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 5.0× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  10. Series A$4.6M2023-02-27
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 46.0× larger than the prior — scaling up.
    • 3 investors on this round.
  11. Series A$806K2024-09-06
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 5.7× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  12. Pre-Seed$454K2025-04-24
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  13. Series A$2.1M2025-04-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.5× larger than the prior — scaling up.
    • 9 investors on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~10mo cadence
$6.2M
Modeled next size est.range $4.0M$9.9M
4.5×
Last step-up
$2.2M/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
Steven G Chrust17 other2020-07
E. Bulkeley Griswold16 other2016-05
Jeff Williams12 other2025-04
Liam Donohue11 other2025-04
Steven Chrust9 other2025-04
KEVIN WANG5 other2025-04
Martha Temple2 other2025-04
Loraine Daugherty1 other2019-03
Carol Valentic2016-05
Joseph Holtschlag2023-02
Liam Frederick Donohue2021-11
Martha Frederick Temple2021-11
Michael Coupland2015-05
Steve Frederick Chevalier2020-07
Steve H. Chevalier2016-05
Steven Frederick Chrust2021-11
Vincent Frederick Fabiani2021-11
W. Frederick Uehlein2016-05
W. Frederick Uehlien2021-11
Registry & provenance

Ascellus 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
1636745
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
APjeT Venture LLCOtherSeed$20.4M$7.5Mnetwork3 shared operators
EA Invesco, LLCOtherSeries B$19.8M$11.0Mnetwork3 shared operators
APJeT, Inc.OtherSeed$26.5M$10.1Mnetwork3 shared operators
DashBid Venture, LLCOtherSeed$6.1M$16.8Mnetwork3 shared operators
Hurdle Health Inc.HealthtechSeries A$5.7M$108.0Mnetwork1 shared operator · same sector · same stage
Centripetal Venture, LLCOtherSeed$4.0M$4.2Mnetwork3 shared operators
Axial Healthcare, Inc.HealthtechSeries B$25.5M$422.3Mnetwork1 shared operator · same sector
IMCS Venture, LLCOtherSeed$3.5M$13.0Mnetwork3 shared operators
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
Aspire Health, Inc.HealthtechSeries B$776.9M89%
Cecelia Health, Inc.HealthtechSeed$71.1M88%
Ascella Biosystems, Inc.Other Health CareSeries A$37.0M88%
ASP Health Inc.HealthtechSeed$20.7M87%
Cecelia Health Holdings, Inc.HealthtechSeries B$79.7M87%
Asenda Health Inc.HealthtechSeed$19.1M86%
Ascus Biosciences, Inc.Biotech / PharmaSeries A$167.5M86%
What About Health, Inc.HealthtechPre-Seed$7.6M85%
Frequently asked
How much funding has Ascellus Health, Inc. raised?
Ascellus Health, Inc. has raised approximately $21.6M in disclosed capital across 12 recorded financing rounds, aggregated from public filings.
What is Ascellus Health, Inc.'s estimated valuation?
Provath's modeled valuation for Ascellus Health, Inc. is approximately $7.6M (modeled range $2.6M–$13.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ascellus Health, Inc. at?
Ascellus Health, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Apr 24.
What does Ascellus Health, Inc. do and where is it based?
Ascellus Health, Inc. operates in the Healthtech sector, based in MIAMI.
Explore related

See where Ascellus 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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