Companies · Healthtech

Ayr Wellness Inc.

MIAMI · Healthtech · refined from filed group “Other

Diligence memoA one-page analyst read on Ayr Wellness Inc. — recommendation, valuation, rhythm, risks.
$48.9M
Total raised · real
1
Rounds
Latest step-up
Top 10%
Sector rank · raised
Series C
Latest stage · inferred · Thu Feb 22 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Ayr Wellness Inc. looks fair 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.

Fair
  • Modeled value is 0.94× the median modeled value of Series C Healthtech companies in 2022–2024 (39 peers) — value vs value, same stage and era.
  • Within the normal band (94% of peer median) for its niche.
At-risk
  • Last raise 2.4 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

Ayr Wellness Inc. is one of 2138 Healthtech companies tracked from MIAMI. By capital raised it ranks among the largest (ahead of 91% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
$100M+
Issuer revenue
Rule 506(c)
Reg D exemption
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$125M$250M$375M$500MSeries C · 2024-02-22 Raised $49M (real) Modeled valuation $457M (est)$49M$457MSeries C2024

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 C$48.9M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 20%.

Modeled valuation trajectory
$457.2M
Base estimate est.
$177.6M
Conservative case
$729.4M
Upside case
$325.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
73%
Survival probability
55% low · 85% high
1.32×/yr
Annual markup
1.51×/yr upside case
2.4 yr
Elapsed time used
2.4 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
2.4 yr
On record since
2024
First round
1
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) 11× above median
This company$48.9M
Sector median$4.5M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.1× above median
This company$48.9M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 14× above median
This company$457.2M
Sector median$33.8M

Raised more than 91% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #22 of 39.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Freedom Dental Funding, LLC · Series C Raised $100.0M · modeled $1.1B (est)Elevate Care International Topco LP · Series C Raised $98.4M · modeled $1.0B (est)Athelas Inc. · Series C Raised $54.4M · modeled $902.7M (est)Hazel Health, Inc. · Series C Raised $86.0M · modeled $817.0M (est)Health Gorilla, Inc. · Series C Raised $58.7M · modeled $815.7M (est)Employee Health Holdings, LP · Series C Raised $78.8M · modeled $779.1M (est)Magnolia Medical Technologies, Inc. · Series C Raised $94.2M · modeled $727.7M (est)Allied Health MSO Holdco, LLC · Series C Raised $62.8M · modeled $724.3M (est)Pearl Health, Inc. · Series C Raised $55.5M · modeled $721.3M (est)Veridian Healthcare Holdings LLC · Series C Raised $63.0M · modeled $692.0M (est)Accompany Health, Inc. · Series C Raised $56.3M · modeled $680.1M (est)Alleviant Medical, Inc. · Series C Raised $148.8M · modeled $676.9M (est)Ayr Wellness Inc. (this company) Raised $48.9M · modeled $457.2M (est)Ayr Wellness Inc.
CompanyStageRaised · realValue · estvs peer med.
Freedom Dental Funding, LLCSeries C$100.0M$1.1B2.33×
Elevate Care International Topco LPSeries C$98.4M$1.0B2.07×
Athelas Inc.Series C$54.4M$902.7M1.86×
Hazel Health, Inc.Series C$86.0M$817.0M1.68×
Health Gorilla, Inc.Series C$58.7M$815.7M1.68×
Employee Health Holdings, LPSeries C$78.8M$779.1M1.60×
Magnolia Medical Technologies, Inc.Series C$94.2M$727.7M1.50×
Allied Health MSO Holdco, LLCSeries C$62.8M$724.3M1.49×
Pearl Health, Inc.Series C$55.5M$721.3M1.48×
Veridian Healthcare Holdings LLCSeries C$63.0M$692.0M1.42×
Accompany Health, Inc.Series C$56.3M$680.1M1.40×
Alleviant Medical, Inc.Series C$148.8M$676.9M1.39×
Ayr Wellness Inc. this companySeries C$48.9M$457.2M0.94×
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 C$48.9M2024-02-22$325.7M$457.2M90%
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 C$48.9M2024-02-22
    • First recorded raise — entered as Series C.
Intelligence
Modeled next raise
$78.2M
Modeled next size est.range $50.8M$125.1M
Last step-up
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
Paul Fisher3 other2024-02
Brad Asher1 other2024-02
Charles Miles1 other2024-02
Jonathan Sandelman1 other2024-02
Louis Karger1 other2024-02
Michael Warren1 other2024-02
Anya Varga2024-02
Cohen Jared2024-02
David Goubert2024-02
DeNardo George2024-02
Glenn Isaacson2024-02
Joyce Johnson2024-02
Robert Mendola2024-02
Registry & provenance

Ayr Wellness 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
1847462
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
Reliance Health Inc.HealthtechSeries C$48.3M$663.5Msame sector · same stage
XO Health Inc.HealthtechSeries C$52.2M$323.4Msame sector · same stage
Axial Healthcare Holdings, L.P.HealthtechSeries C$45.0M$408.3Msame sector · same stage
Sprinter Health, Inc.HealthtechSeries C$55.0M$378.5Msame sector · same stage
Pearl Health, Inc.HealthtechSeries C$55.5M$721.3Msame sector · same stage
Accompany Health, Inc.HealthtechSeries C$56.3M$680.1Msame sector · same stage
Allied Health MSO Holdco, LLCHealthtechSeries C$62.8M$724.3Msame sector · same stage
Veridian Healthcare Holdings LLCHealthtechSeries C$63.0M$692.0Msame 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
Wellness Natural Inc.HealthtechSeed$66.3M87%
FYR Medical, Inc.HealthtechPre-Seed$10.6M84%
Standard Wellness Company, LlcHealthtechSeed$91.5M83%
Americanna Wellness, Inc.HealthtechSeries A$35.8M83%
Core Wellness, Inc.HealthtechSeries A$127.5M83%
WITH Wellness Co.HealthtechPre-Seed$10.6M83%
Create Wellness, Inc.HealthtechSeries A$35.6M82%
Wellness Coaches Usa, LlcHealthtechSeries A$73.2M82%
Frequently asked
How much funding has Ayr Wellness Inc. raised?
Ayr Wellness Inc. has raised approximately $48.9M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Ayr Wellness Inc.'s estimated valuation?
Provath's modeled valuation for Ayr Wellness Inc. is approximately $457.2M (modeled range $177.6M–$729.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ayr Wellness Inc. at?
Ayr Wellness Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Feb 22.
What does Ayr Wellness Inc. do and where is it based?
Ayr Wellness Inc. operates in the Healthtech sector, based in MIAMI.
Explore related

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