Diligence memo · auto-generated · as of July 2, 2026
EvolvedMD, Inc.
EvolvedMD, Inc. looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
EvolvedMD, Inc. operates in Other Health Care, based in SCOTTSDALE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
EvolvedMD, Inc. has raised $49M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $29M on 2025-07-14.
Most recent recorded round closed around 2025-07-14.
Valuation (modeled)modeled
Provath models EvolvedMD, Inc. at approximately $139M (range $69M–$204M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.51× the median modeled value of Series B Other Health Care companies in 2025–2027 (48 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
Last raise 12 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 2.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 92% of Other Health Care peers (5376 compared).
Modeled value ranks above 84% of those peers.
Closest niche peers: Imagine Pediatrics Holdings LLC, Porter Cares, Inc., True Medicine Inc., CranioVation, Inc., Seriously Clean LTD..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.