Companies · Other Health Care

Better Pt Inc.

PORT JEFFERSON · Other Health Care

Diligence memoA one-page analyst read on Better Pt Inc. — recommendation, valuation, rhythm, risks.
$5.0M
Total raised · real
4
Rounds
3.2×
Latest step-up
Top 38%
Sector rank · raised
Seed
Latest stage · inferred · Tue Jun 13 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Better Pt 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 health care 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 0.87× the median modeled value of Seed Other Health Care companies in 2022–2024 (244 peers) — value vs value, same stage and era.
  • Within the normal band (87% of peer median) for its niche.
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 Other Health Care

Better Pt Inc. is one of 5377 Other Health Care companies tracked from PORT JEFFERSON. By capital raised it ranks mid-pack (ahead of 63% 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)
2023-06-13
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 · 2017-01-04 Raised $1.5M (real) Modeled valuation $37M (est)$1.5M$37MSeed2017Seed · 2018-02-12 Raised $1.4M (real) Modeled valuation $36M (est)$1.4M$36MSeed2018Seed · 2018-02-12 Raised $1.5M (real) Modeled valuation $37M (est)$1.5M$37MSeed2018Seed · 2020-03-27 Raised $465K (real) Modeled valuation $12M (est)$465K$12MSeed2020Seed · 2023-06-13 Raised $1.5M (real) Modeled valuation $10M (est)$1.5M$10MSeed2023+$1.4M+$1.5M+$465K+$1.5MCumulative $6.4M

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$1.5M · 2017
Seed extension$1.4M · 2018
Seed extension$1.5M · 2018
Seed extension$465K · 2020
Seed extension$1.5M · 2023

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: 50%.

Modeled valuation trajectory
$10.5M
Base estimate est.
$1.3M
Conservative case
$37.0M
Upside case
$7.5M
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 health care sector profile. Directional, not a quoted figure.

Seed · modeled $37.2M · 2017-01-042017Seed · modeled $35.9M · 2018-02-12Seed · modeled $37.2M · 2018-02-12Seed · modeled $11.5M · 2020-03-27Seed · modeled $10.5M · 2023-06-132023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.54×/yr
Annual markup
2.01×/yr upside case
3.0 yr
Elapsed time used
3.0 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$771K/yr
Capital velocity
9.5 yr
On record since
2017
First round
5
Rounds on file
How it compares to the market

Benchmarked against 5377 companies in Other Health Care. 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) 2.0× above median
This company$5.0M
Sector median$2.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.9× of median
This company$1.5M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$10.5M
Sector median$22.1M

Raised more than 63% of sector peers (real $). Modeled value above 35% 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 #139 of 244.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Elmntri LLC · Seed Raised $4.0M · modeled $46.1M (est)Atreo, Inc. · Seed Raised $3.8M · modeled $42.1M (est)descendantsDNA, Inc. · Seed Raised $3.4M · modeled $40.8M (est)Westover Project Investor LLC · Seed Raised $4.0M · modeled $40.0M (est)Dentulu Inc · Seed Raised $6.4M · modeled $37.7M (est)Emmacare.com LLC · Seed Raised $3.0M · modeled $37.2M (est)IR-Med, Inc. · Seed Raised $5.4M · modeled $37.0M (est)SDH Parent 2 LLC · Seed Raised $3.0M · modeled $36.7M (est)TecTraum, Inc. · Seed Raised $7.8M · modeled $36.7M (est)DBN BCS II Investments, LLC · Seed Raised $3.0M · modeled $34.0M (est)USRC Baldwin Hills, LLC · Seed Raised $2.8M · modeled $34.0M (est)Flex Operating Room, Inc. · Seed Raised $6.2M · modeled $31.9M (est)Better Pt Inc. (this company) Raised $5.0M · modeled $10.5M (est)Better Pt Inc.
CompanyStageRaised · realValue · estvs peer med.
Elmntri LLCSeed$4.0M$46.1M3.83×
Atreo, Inc.Seed$3.8M$42.1M3.50×
descendantsDNA, Inc.Seed$3.4M$40.8M3.40×
Westover Project Investor LLCSeed$4.0M$40.0M3.33×
Dentulu IncSeed$6.4M$37.7M3.13×
Emmacare.com LLCSeed$3.0M$37.2M3.10×
IR-Med, Inc.Seed$5.4M$37.0M3.08×
SDH Parent 2 LLCSeed$3.0M$36.7M3.05×
TecTraum, Inc.Seed$7.8M$36.7M3.05×
DBN BCS II Investments, LLCSeed$3.0M$34.0M2.83×
USRC Baldwin Hills, LLCSeed$2.8M$34.0M2.82×
Flex Operating Room, Inc.Seed$6.2M$31.9M2.65×
Better Pt Inc. this companySeed$5.0M$10.5M0.87×
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$1.5M2017-01-04$7.5M$37.2M90%
Seed$1.4M2018-02-12$7.3M$35.9M90%
Seed$1.5M2018-02-12$7.5M$37.2M90%
Seed$465K2020-03-27$2.3M$11.5M90%
Seed$1.5M2023-06-13$7.5M$10.5M90%
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$1.5M2017-01-04
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Seed$1.4M2018-02-12
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 7 investors on this round.
  3. Seed$1.5M2018-02-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 8 investors on this round.
  4. Seed$465K2020-03-27
    • Raised again after 25 mo — slower than the ~14 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  5. Seed$1.5M2023-06-13
    • Raised again after 39 mo — slower than the ~14 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~19mo cadence
$4.5M
Modeled next size est.range $2.9M$7.2M
3.2×
Last step-up
$771K/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
BRUCE LEV6 other2017-01
GREGORY A. PETERS1 other2018-02
Andrew A. Casino2018-02
Andrew Casino2017-01
ANDREW J. CASINO2023-06
Bruce A. Lev2018-02
BRUCE J. LEV2023-06
EVE J. MONGIARDO2023-06
Gregory A. Cimino2018-02
Gregory Cimino2017-01
Gregory Peters2017-01
Ronald W. Russo2020-03
SAMPSON J. GLASSMAN2023-06
Stephen A. Fealy2018-02
STEPHEN A. ZANGRE2023-06
Stephen Fealy2017-01
STEPHEN J. FEALY2023-06
Registry & provenance

Better Pt 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
1694251
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
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Wavegate CorpOther Health CareSeed$5.2M$9.3Msame sector · same stage
Triple Endoscopy, Inc.Other Health CareSeed$4.7M$9.6Msame sector · same stage
Vericare Management IncOther Health CareSeed$5.3M$11.2Msame sector · same stage
EndoSound, Inc.Other Health CareSeed$4.7M$10.2Msame 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
Better Management Holdings, LLCOther Health CareSeries A$22.9M86%
Bettermeant IncOther Health CareSeed$7.2M86%
Better Family, LLCOther Health CarePre-Seed$16.6M86%
Better Life Partners Inc.Other Health CareSeries B$232.0M86%
PT Genie LLCOther Health CarePre-Seed$3.4M84%
Better Life Health, Inc.HealthtechSeed$1.3M83%
BestPractice Holdings, Inc.Other Health CarePre-Seed$280K83%
Get Heal, Inc.Other Health CareSeries C$1.4B82%
Frequently asked
How much funding has Better Pt Inc. raised?
Better Pt Inc. has raised approximately $5.0M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Better Pt Inc.'s estimated valuation?
Provath's modeled valuation for Better Pt Inc. is approximately $10.5M (modeled range $1.3M–$37.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Better Pt Inc. at?
Better Pt Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Jun 13.
What does Better Pt Inc. do and where is it based?
Better Pt Inc. operates in the Other Health Care sector, based in PORT JEFFERSON.
Explore related

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