Companies · Other Health Care

DispatchHealth Holdings, Inc.

DENVER · Other Health Care

Diligence memoA one-page analyst read on DispatchHealth Holdings, Inc. — recommendation, valuation, rhythm, risks.
$578.0M
Total raised · real
5
Rounds
1.9×
Latest step-up
Top 1%
Sector rank · raised
Series D+
Latest stage · inferred · Mon Oct 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

DispatchHealth Holdings, Inc. looks over-valued 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.

Over-valued
  • Modeled value is 3.17× the median modeled value of Series D+ Other Health Care companies in 2022–2024 (17 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.7 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.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

DispatchHealth Holdings, Inc. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
8.8 yr record
Peak capital year was 2022 with $259.3M across 1 filings.
Market position
ahead of 100% of Other Health Care peers
Capital scale is ahead of 100% of Other Health Care peers; modeled value is above 99% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2022: $259.3M across 1 filings.
  • Largest single filing was $259.3M on 2022-10-31.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

DispatchHealth Holdings, Inc. is one of 5377 Other Health Care companies tracked from DENVER. By capital raised it ranks among the largest (ahead of 100% 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
Rule 506(b)
Reg D exemption
31
Investors (latest)
2017
Year incorporated
2022-10-31
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$1.3B$2.5B$3.8B$5.0BSeries A · 2017-09-11 Raised $15M (real) Modeled valuation $302M (est)$15M$302MSeries A2017Series B · 2019-04-23 Raised $33M (real) Modeled valuation $729M (est)$33M$729MSeries B2019Series D+ · 2020-04-02 Raised $136M (real) Modeled valuation $3.1B (est)$136M$3.1BSeries D+2020Series D+ · 2021-02-17 Raised $135M (real) Modeled valuation $2.7B (est)$135M$2.7BSeries D+2021Series D+ · 2022-10-31 Raised $259M (real) Modeled valuation $3.7B (est)$259M$3.7BSeries D+2022+$33M+$136M+$135M+$259MCumulative $578M

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 A$15.0M · 2017
Series B$32.9M · 2019
Series D+$135.8M · 2020no Series C on file
Series D+ extension$135.0M · 2021
Series D+ extension$259.3M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series C — 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
$3.7B
Base estimate est.
$1.4B
Conservative case
$6.2B
Upside case
$2.2B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Series A · modeled $301.8M · 2017-09-112017Series B · modeled $729.4M · 2019-04-23Series D+ · modeled $3.1B · 2020-04-02Series D+ · modeled $2.7B · 2021-02-17Series D+ · modeled $3.7B · 2022-10-312022
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
80%
Survival probability
64% low · 88% high
1.23×/yr
Annual markup
1.38×/yr upside case
3.7 yr
Elapsed time used
3.7 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$112.5M/yr
Capital velocity
8.8 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) 238× above median
This company$578.0M
Sector median$2.4M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 2.1× above median
This company$259.3M
Sector median$123.0M
Modeled value — vs sector median (estimate, all stages) 167× above median
This company$3.7B
Sector median$22.1M

Raised more than 100% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #2 of 17.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)United Digestive Holdings, LLC · Series D+ Raised $323.3M · modeled $4.2B (est)Zimmer Biomet Holdings, Inc. · Series D+ Raised $216.1M · modeled $2.9B (est)Main Street Rural, Inc. · Series D+ Raised $211.2M · modeled $2.4B (est)Richmond Buyer L.P. · Series D+ Raised $232.6M · modeled $2.2B (est)Thirty Madison, Inc. · Series D+ Raised $255.7M · modeled $1.8B (est)Ember Management Aggregator, L.P. · Series D+ Raised $129.9M · modeled $1.8B (est)Glooko, Inc. · Series D+ Raised $221.0M · modeled $1.2B (est)Renovaro Inc. · Series D+ Raised $123.3M · modeled $1.2B (est)HistoSonics, Inc. · Series D+ Raised $308.2M · modeled $1.0B (est)Ecph, Llc · Series D+ Raised $285.4M · modeled $915.4M (est)Cortica Inc. · Series D+ Raised $210.9M · modeled $757.8M (est)DispatchHealth Holdings, Inc. (this company) Raised $578.0M · modeled $3.7B (est)DispatchHealth Holdings, Inc.
CompanyStageRaised · realValue · estvs peer med.
United Digestive Holdings, LLCSeries D+$323.3M$4.2B3.63×
DispatchHealth Holdings, Inc. this companySeries D+$578.0M$3.7B3.17×
Zimmer Biomet Holdings, Inc.Series D+$216.1M$2.9B2.50×
Main Street Rural, Inc.Series D+$211.2M$2.4B2.07×
Richmond Buyer L.P.Series D+$232.6M$2.2B1.93×
Thirty Madison, Inc.Series D+$255.7M$1.8B1.56×
Ember Management Aggregator, L.P.Series D+$129.9M$1.8B1.55×
Glooko, Inc.Series D+$221.0M$1.2B1.05×
Renovaro Inc.Series D+$123.3M$1.2B1.00×
HistoSonics, Inc.Series D+$308.2M$1.0B0.87×
Ecph, LlcSeries D+$285.4M$915.4M0.79×
Cortica Inc.Series D+$210.9M$757.8M0.65×
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 A$15.0M2017-09-11$68.0M$301.8M90%
Series B$32.9M2019-04-23$182.9M$729.4M90%
Series D+$135.8M2020-04-02$1.1B$3.1B90%
Series D+$135.0M2021-02-17$1.1B$2.7B90%
Series D+$259.3M2022-10-31$2.2B$3.7B90%
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 A$15.0M2017-09-11
    • First recorded raise — entered as Series A.
    • 22 investors on this round.
  2. Series B$32.9M2019-04-23
    • Raised 19 mo later, in step with the ~14 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 4 investors on this round.
  3. Series D+$135.8M2020-04-02
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 4.1× larger than the prior — scaling up.
    • 18 investors on this round.
  4. Series D+$135.0M2021-02-17
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  5. Series D+$259.3M2022-10-31
    • Raised 20 mo later, in step with the ~14 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 31 investors on this round.
Intelligence
2024 ~Q1
Modeled next raise · ~15mo cadence
$498.0M
Modeled next size est.range $323.7M$796.8M
1.9×
Last step-up
$112.5M/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
Ryan Drant23 other2019-04
Andrew Adams12 other2020-04
Bruce Johnson6 other2022-10
Dominic Bagnoli3 other2017-09
Mark Prather2 other2017-09
Pete Hudson2 other2017-09
DUSTY LIEB1 other2019-04
Frank Ronchetti1 other2019-04
SCOTT THEISEN1 other2020-04
SUSAN DIAMOND1 other2020-04
ALEX MITCHELL2022-10
PETER HUDSON2019-04
SHANNON WERB2020-04
Registry & provenance

DispatchHealth Holdings, 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
1716854
SEC CIK
2017
Incorporated
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
Cortica Inc.Other Health CareSeries D+$210.9M$757.8Mnetwork1 shared operator · same sector · same stage
Cedar Cares, Inc.Other Health CareSeries D+$569.4M$5.1Bsame sector · same stage
BNVC Group Holdings, Inc.Other Health CareSeries D+$535.6M$6.9Bsame sector · same stage
Medable Inc.Other Health CareSeries D+$501.0M$5.4Bsame sector · same stage
True North Health Navigation LLCHealthtechSeed$3.8M$104.3Mnetwork3 shared operators
American Well CorpOther Health CareSeries D+$755.5M$1.1Bsame sector · same stage
LumiraDx LtdOther Health CareSeries D+$779.1M$3.5Bsame sector · same stage
Endologix Inc /De/Other Health CareSeries D+$420.0M$4.8Bsame 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
Resilient Heathcare CorpOther Health CareSeed$3.4M85%
Intellihealth, Inc.Other Health CareSeries B$22.6M85%
Cerehealth CorpOther Health CareSeries A$39.0M84%
BioMedx Group, Inc.Other Health CarePre-Seed$14.0M84%
Reprieve Cardiovascular, Inc.Other Health CareSeries B$153.0M84%
EmStop Inc.Other Health CareSeed$26.5M84%
Blaze Advisors Inc.Other Health CareSeries A$48.6M84%
Vantage Holdings, Inc.Other Health CareSeries D+$3.2B84%
Frequently asked
How much funding has DispatchHealth Holdings, Inc. raised?
DispatchHealth Holdings, Inc. has raised approximately $578.0M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is DispatchHealth Holdings, Inc.'s estimated valuation?
Provath's modeled valuation for DispatchHealth Holdings, Inc. is approximately $3.7B (modeled range $1.4B–$6.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is DispatchHealth Holdings, Inc. at?
DispatchHealth Holdings, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon Oct 31.
What does DispatchHealth Holdings, Inc. do and where is it based?
DispatchHealth Holdings, Inc. operates in the Other Health Care sector, based in DENVER.
Explore related

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