Companies · Healthtech

Care Papers, Inc.

SEATTLE · Healthtech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Care Papers, Inc. — recommendation, valuation, rhythm, risks.
$2.4M
Total raised · real
5
Rounds
0.9×
Latest step-up
Top 60%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Jun 06 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Care Papers, Inc. looks fair 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.

Fair
  • Modeled value is 1.31× the median modeled value of Pre-Seed Healthtech companies in 2025–2027 (43 peers) — value vs value, same stage and era.
  • Within the normal band (131% of peer median) for its niche.
Active
  • Last raise 13 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

Care Papers, Inc. is one of 2138 Healthtech companies tracked from SEATTLE. By capital raised it ranks mid-pack (ahead of 41% 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
2
Investors (latest)
2025-06-06
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$5.0M$10M$15M$20MPre-Seed · 2018-07-19 Raised $500K (real) Modeled valuation $17M (est)$500K$17MPre-Seed2018Pre-Seed · 2021-09-16 Raised $100K (real) Modeled valuation $1.8M (est)$100K$1.8MPre-Seed2021Pre-Seed · 2021-12-30 Raised $1.0M (real) Modeled valuation $16M (est)$1.0M$16MPre-Seed2021Pre-Seed · 2022-12-09 Raised $400K (real) Modeled valuation $3.9M (est)$400K$3.9MPre-Seed2022Pre-Seed · 2025-06-06 Raised $375K (real) Modeled valuation $1.0M (est)$375K$1.0MPre-Seed2025+$100K+$1.0M+$400K+$375KCumulative $2.4M

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
Pre-Seed$500K · 2018
Pre-Seed extension$100K · 2021
Pre-Seed extension$1.0M · 2021
Pre-Seed extension$400K · 2022
Pre-Seed extension$375K · 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
$1.0M
Base estimate est.
$235K
Conservative case
$2.6M
Upside case
$2.1M
Modeled post-money

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

Pre-Seed · modeled $17.2M · 2018-07-192018Pre-Seed · modeled $1.8M · 2021-09-16Pre-Seed · modeled $15.9M · 2021-12-30Pre-Seed · modeled $3.9M · 2022-12-09Pre-Seed · modeled $1.0M · 2025-06-062025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.67×/yr
Annual markup
2.27×/yr upside case
1.1 yr
Elapsed time used
1.1 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
21 mo
Avg between rounds
$345K/yr
Capital velocity
8.0 yr
On record since
2018
First round
5
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) 0.5× of median
This company$2.4M
Sector median$4.5M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.0× above median
This company$375K
Sector median$375K
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$1.0M
Sector median$33.8M

Raised more than 41% of sector peers (real $). Modeled value above 12% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #14 of 43.

This companyCohort peer
$100K$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Impulse Medical, Inc. · Pre-Seed Raised $950K · modeled $3.0M (est)HCSVS Mental Health Telemedicine Startup P.B.C. · Pre-Seed Raised $1.0M · modeled $2.9M (est)Elevate Clinical Research, Inc. · Pre-Seed Raised $1.0M · modeled $2.7M (est)Freedom Health Management, LLC · Pre-Seed Raised $1.0M · modeled $2.6M (est)Imagen Preferred Dental Support Services, LLC · Pre-Seed Raised $776K · modeled $2.4M (est)Praos Health, Inc. · Pre-Seed Raised $787K · modeled $2.4M (est)Preferred Health Imaging, LLC · Pre-Seed Raised $775K · modeled $2.3M (est)Imagen Fort Loramie Dental Support Services, LLC · Pre-Seed Raised $598K · modeled $1.8M (est)Revital Clinical Nutrition, Inc. · Pre-Seed Raised $500K · modeled $1.6M (est)Artemis Healthcare, Inc. · Pre-Seed Raised $1.5M · modeled $1.4M (est)Imagen Heiden Family Dental Support Services, LLC · Pre-Seed Raised $709K · modeled $1.3M (est)healthKERI, Inc. · Pre-Seed Raised $400K · modeled $1.2M (est)Care Papers, Inc. (this company) Raised $2.4M · modeled $1.0M (est)Care Papers, Inc.
CompanyStageRaised · realValue · estvs peer med.
Impulse Medical, Inc.Pre-Seed$950K$3.0M3.83×
HCSVS Mental Health Telemedicine Startup P.B.C.Pre-Seed$1.0M$2.9M3.67×
Elevate Clinical Research, Inc.Pre-Seed$1.0M$2.7M3.52×
Freedom Health Management, LLCPre-Seed$1.0M$2.6M3.39×
Imagen Preferred Dental Support Services, LLCPre-Seed$776K$2.4M3.10×
Praos Health, Inc.Pre-Seed$787K$2.4M3.09×
Preferred Health Imaging, LLCPre-Seed$775K$2.3M2.93×
Imagen Fort Loramie Dental Support Services, LLCPre-Seed$598K$1.8M2.33×
Revital Clinical Nutrition, Inc.Pre-Seed$500K$1.6M2.07×
Artemis Healthcare, Inc.Pre-Seed$1.5M$1.4M1.83×
Imagen Heiden Family Dental Support Services, LLCPre-Seed$709K$1.3M1.72×
healthKERI, Inc.Pre-Seed$400K$1.2M1.56×
Care Papers, Inc. this companyPre-Seed$2.4M$1.0M1.31×
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$500K2018-07-19$2.8M$17.2M90%
Pre-Seed$100K2021-09-16$556K$1.8M90%
Pre-Seed$1.0M2021-12-30$5.6M$15.9M90%
Pre-Seed$400K2022-12-09$2.2M$3.9M90%
Pre-Seed$375K2025-06-06$2.1M$1.0M90%
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$500K2018-07-19
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$100K2021-09-16
    • Raised again after 38 mo — slower than the ~14 mo sector norm.
    • Round 5.0× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 1 investor on this round.
  3. Pre-Seed$1.0M2021-12-30
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 10.0× larger than the prior — scaling up.
    • 2 investors on this round.
  4. Pre-Seed$400K2022-12-09
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  5. Pre-Seed$375K2025-06-06
    • Raised again after 30 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~21mo cadence
$375K
Modeled next size est.range $375K$600K
0.9×
Last step-up
$345K/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
Carl Allen Rogers2018-07
Carl Rogers2025-06
Registry & provenance

Care Papers, 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
1750239
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
Trugenomix Health, Inc.HealthtechPre-Seed$2.9M$612Ksame sector · same stage
LWCD Dental Leaders, LLCHealthtechPre-Seed$1.9M$418Ksame sector · same stage
Healthy Oceans Seafood Company, Inc.HealthtechPre-Seed$3.3M$3.2Msame sector · same stage
Contra Healthcare Solutions, LLCHealthtechPre-Seed$3.6M$2.6Msame sector · same stage
Artemis Healthcare, Inc.HealthtechPre-Seed$1.5M$1.4Msame sector · same stage
Texas Health Surgery Center Rockwall, LLCHealthtechPre-Seed$1.5M$974Ksame sector · same stage
Royal Health IncHealthtechPre-Seed$1.4M$1.1Msame sector · same stage
Ohm Health, Inc.HealthtechPre-Seed$1.3M$717Ksame 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
CareWork, Inc.Other TechnologySeed$23.1M85%
Care Eco CorpHealthtechSeed$8.1M85%
Carebot Health, Inc.HealthtechSeed$3.7M85%
Care Values, Inc.HealthtechPre-Seed$18.1M84%
Care Angel, Inc.HealthtechSeries A$57.6M84%
Carelogic, Inc.Other TechnologyPre-Seed$4.6M84%
Caretaker Medical, Inc.HealthtechSeries A$60.9M83%
Journal My Health, Inc.HealthtechPre-Seed$2.3M83%
Frequently asked
How much funding has Care Papers, Inc. raised?
Care Papers, Inc. has raised approximately $2.4M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Care Papers, Inc.'s estimated valuation?
Provath's modeled valuation for Care Papers, Inc. is approximately $1.0M (modeled range $235K–$2.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Care Papers, Inc. at?
Care Papers, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Jun 06.
What does Care Papers, Inc. do and where is it based?
Care Papers, Inc. operates in the Healthtech sector, based in SEATTLE.
Explore related

See where Care Papers, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Care Papers, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.