Companies · Healthtech

Form Health, Inc.

Boston · Healthtech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Form Health, Inc. — recommendation, valuation, rhythm, risks.
$76.0M
Total raised · real
4
Rounds
1.3×
Latest step-up
Top 6%
Sector rank · raised
Series C
Latest stage · inferred · Wed Jun 12 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Form Health, Inc. looks fair against its niche peers and is quiet 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 0.76× 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 (76% of peer median) for its niche.
Quiet
  • Last raise 2.1 yr ago; this sector typically re-raises about every 14 months.
  • Slightly overdue versus sector cadence.
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

Form Health, Inc. is one of 2138 Healthtech companies tracked from Boston. By capital raised it ranks among the largest (ahead of 95% 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
10
Investors (latest)
2019
Year incorporated
2024-06-12
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$125M$250M$375M$500MSeed · 2019-05-24 Raised $3.4M (real) Modeled valuation $95M (est)Seed2019Series B · 2021-04-13 Raised $23M (real) Modeled valuation $440M (est)Series B2021Series B · 2021-04-13 Raised $20M (real) Modeled valuation $378M (est)Series B2021Series A · 2021-04-13 Raised $11M (real) Modeled valuation $186M (est)Series A2021Series B · 2023-10-24 Raised $6.7M (real) Modeled valuation $57M (est)Series B2023Series B · 2024-06-12 Raised $33M (real) Modeled valuation $228M (est)Series B2024Series C · 2024-06-12 Raised $43M (real) Modeled valuation $370M (est)Series C2024+$23M+$20M+$11M+$6.7M+$33M+$43MCumulative $140M

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$3.4M · 2019
Series B$22.9M · 2021no Series A on file
Series B extension$19.7M · 2021
Bridge · Series B-stage$11.1M · 2021smaller follow-on
Series B extension$6.7M · 2023
Series B extension$33.0M · 2024
Series C$43.0M · 2024

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: 80%.

Modeled valuation trajectory
$369.9M
Base estimate est.
$156.2M
Conservative case
$566.0M
Upside case
$286.6M
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.

Seed · modeled $95.2M · 2019-05-242019Series B · modeled $439.9M · 2021-04-13Series B · modeled $378.4M · 2021-04-13Series A · modeled $186.1M · 2021-04-13Series B · modeled $56.8M · 2023-10-24Series B · modeled $227.7M · 2024-06-12Series C · modeled $369.9M · 2024-06-122024
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
2.0 yr
Elapsed time used
2.0 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$15.0M/yr
Capital velocity
7.1 yr
On record since
2019
First round
7
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) 17× above median
This company$76.0M
Sector median$4.5M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.9× of median
This company$43.0M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 11× above median
This company$369.9M
Sector median$33.8M

Raised more than 95% of sector peers (real $). Modeled value above 91% 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 #28 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)Form Health, Inc. (this company) Raised $76.0M · modeled $369.9M (est)Form Health, 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×
Form Health, Inc. this companySeries C$76.0M$369.9M0.76×
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$3.4M2019-05-24$17.2M$95.2M90%
Series B$22.9M2021-04-13$127.1M$439.9M90%
Series B$19.7M2021-04-13$109.4M$378.4M90%
Series A$11.1M2021-04-13$50.4M$186.1M90%
Series B$6.7M2023-10-24$37.2M$56.8M90%
Series B$33.0M2024-06-12$183.3M$227.7M90%
Series C$43.0M2024-06-12$286.6M$369.9M90%
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$3.4M2019-05-24
    • First recorded raise — entered as Seed.
    • 9 investors on this round.
  2. Series B$22.9M2021-04-13
    • Raised again after 23 mo — slower than the ~14 mo sector norm.
    • Round 6.7× larger than the prior — scaling up.
    • 12 investors on this round.
  3. Series B$19.7M2021-04-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  4. Series A$11.1M2021-04-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  5. Series B$6.7M2023-10-24
    • Raised again after 30 mo — slower than the ~14 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  6. Series B$33.0M2024-06-12
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round 4.9× larger than the prior — scaling up.
    • 7 investors on this round.
  7. Series C$43.0M2024-06-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
    • 10 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~10mo cadence
$56.0M
Modeled next size est.range $43.0M$89.6M
1.3×
Last step-up
$15.0M/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
Latif Peracha4 other2021-04
Evan Richardson1 other2019-05
Juliette Bolea1 other2024-06
Registry & provenance

Form Health, 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
1779388
SEC CIK
2019
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
Bicycle Health Inc.HealthtechSeries B$61.4M$492.2Mnetwork1 shared operator · same sector
Columbia Africa Healthcare, LLCHealthtechSeries C$75.0M$579.8Msame sector · same stage
Adagio Medical, Inc.HealthtechSeries C$81.6M$128.0Msame sector · same stage
Apreo Health, Inc.HealthtechSeries C$81.8M$512.9Msame sector · same stage
Soda Health, Inc.HealthtechSeries C$84.1M$418.8Msame sector · same stage
Diverge Health, Inc.HealthtechSeries C$68.2M$407.5Msame sector · same stage
Vori Health Inc.HealthtechSeries C$85.4M$240.3Msame sector · same stage
Smith Health, Inc.HealthtechSeries C$87.2M$605.0Msame 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
Format Health, Inc.HealthtechPre-Seed$17.5M90%
Develop Health Inc.HealthtechSeries B$87.3M89%
Healthe, Inc.HealthtechSeries B$464.8M89%
Healthcare, Inc.HealthtechSeries D+$4.0B88%
Prepared Health, Inc.HealthtechSeed$110.9M87%
Better Health Technologies Inc.HealthtechSeries A$211.7M87%
Health & Technologies IncHealthtechPre-Seed$7.5M87%
Healthie Inc.HealthtechSeed$29.8M87%
Frequently asked
How much funding has Form Health, Inc. raised?
Form Health, Inc. has raised approximately $76.0M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Form Health, Inc.'s estimated valuation?
Provath's modeled valuation for Form Health, Inc. is approximately $369.9M (modeled range $156.2M–$566.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Form Health, Inc. at?
Form Health, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Wed Jun 12.
What does Form Health, Inc. do and where is it based?
Form Health, Inc. operates in the Healthtech sector, based in Boston.
Explore related

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

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