Companies · Hospitals and Physicians

Grand Rounds, Inc.

SAN FRANCISCO · Hospitals and Physicians · https://grandroundsmd.com/

Diligence memoA one-page analyst read on Grand Rounds, Inc. — recommendation, valuation, rhythm, risks.
$904.4M
Total raised · real
2
Rounds
0.0×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Mon May 24 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Grand Rounds, Inc. has raised $904M over 2 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the health services sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 5.1 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal 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 Hospitals and Physicians

Grand Rounds, Inc. is one of 599 Hospitals and Physicians companies tracked from SAN FRANCISCO. 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Grand Rounds unites physicians through shared insight and conversation, helping restore connection, purpose, and confidence in medicine.

Grand Rounds unites physicians through shared insight and conversation, helping restore connection, purpose, and confidence in medicine. Concise, practice-based insights that highlight key lessons in diagnosis, treatment, and patient care. Not intended to be a lengthy review or exhaustive guideline, just some memorable tips—often born from real-world experience—that help clinicians recognize subtle signs, avoid common pitfalls, and apply knowledge more effectively at the bedside. In this satirical essay, Arthur Lazarus, MD, imagines a nationwide physician boycott of insurance utilization review, exposing the ethical tensions, bureaucratic inefficiencies, and patient harms embedded in prior authorization and coverage denial systems. A pediatrician reflects on childhood trauma, adverse childhood experiences (ACEs), and the lasting health consequences of fear, violence, and family separation. The essay explores the concept of physician objectivity and reflects on how our experiences, values, and personal histories inevitably shape the way we care for patients. It argues that while objectivity remains an important ideal, self-awareness may be just as essential to good clinical practice

healthtechinsurance
Find GrandRoundsMD.com online

Trades publicly as GrandRoundsMD.com.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
9
Investors (latest)
2021-05-24
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$5.0B$10.0B$15.0B$20.0BGrowth/Late · 2021-05-10 Raised $889M (real) Modeled valuation $17.2B (est)$889M$17.2BGrowth/Late2021Growth/Late · 2021-05-24 Raised $15M (real) Modeled valuation $290M (est)$15M$290MGrowth/Late2021+$15MCumulative $904M

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
Growth/Late$889.3M · 2021
Growth/Late extension$15.1M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$290.1M
Base estimate est.
$115.4M
Conservative case
$483.8M
Upside case
$150.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the health services sector profile. Directional, not a quoted figure.

Growth/Late · modeled $17.2B · 2021-05-102021Growth/Late · modeled $290.1M · 2021-05-242021
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
88%
Survival probability
76% low · 95% high
1.17×/yr
Annual markup
1.27×/yr upside case
5.1 yr
Elapsed time used
5.1 yr actual, capped for stale marks
health services
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
5.1 yr
On record since
2021
First round
2
Rounds on file
How it compares to the market

Benchmarked against 599 companies in Hospitals and Physicians. 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) 497× above median
This company$904.4M
Sector median$1.8M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.2× of median
This company$15.1M
Sector median$61.0M
Modeled value — vs sector median (estimate, all stages) 13× above median
This company$290.1M
Sector median$22.9M

Raised more than 100% of sector peers (real $). Modeled value above 92% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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 companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)ALLIED PHYSICIANS OF CALIFORNIA, A PROFESSION MEDICAL Corp · Growth/Late Raised $545.0M · modeled $12.0B (est)Village Practice Management Company, LLC · Growth/Late Raised $1.1B · modeled $23.0M (est)Grand Rounds, Inc. (this company) Raised $904.4M · modeled $290.1M (est)Grand Rounds, Inc.
CompanyStageRaised · realValue · estvs peer med.
ALLIED PHYSICIANS OF CALIFORNIA, A PROFESSION MEDICAL CorpGrowth/Late$545.0M$12.0B41.39×
Grand Rounds, Inc. this companyGrowth/Late$904.4M$290.1M1.00×
Village Practice Management Company, LLCGrowth/Late$1.1B$23.0M0.08×
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.
Growth/Late$889.3M2021-05-10$8.9B$17.2B90%
Growth/Late$15.1M2021-05-24$150.9M$290.1M90%
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. Growth/Late$889.3M2021-05-10
    • First recorded raise — entered as Growth/Late.
    • 138 investors on this round.
  2. Growth/Late$15.1M2021-05-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 58.9× smaller than the prior — bridge or down round.
    • 9 investors on this round.
Intelligence
2021 ~Q2
Modeled next raise · ~0mo cadence
$15.1M
Modeled next size est.range $15.1M$24.1M
0.0×
Last step-up
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
Bryan Roberts17 other2021-05
David Thompson9 other2021-05
Robbert Vorhoff3 other2021-05
Hill Ferguson1 other2021-05
Kathleen Sebelius1 other2021-05
KELLY BARNES1 other2021-05
Owen Tripp1 other2021-05
Robert Schmidt1 other2021-05
Gabe Cortes2021-05
Robin Glass2021-05
Registry & provenance

Grand Rounds, 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
1864027
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
Village Practice Management Company, LLCHospitals and PhysiciansGrowth/Late$1.1B$23.0Msame sector · same stage
Kindly MD, Inc.Hospitals and PhysiciansGrowth/Late$763.9M$531.9Msame sector · same stage
Transformer TX Holdings, LLCHospitals and PhysiciansGrowth/Late$629.0M$41.3Msame sector · same stage
Intarcia Therapeutics, IncBiotechnologyGrowth/Late$1.2B$8.4Bnetwork1 shared operator · same stage
CareCore National Group, LLCOther Health CareGrowth/Late$426.6M$10.1Bnetwork1 shared operator · same stage
Lyra Health, Inc.HealthtechSeries D+$867.7M$4.3Bnetwork1 shared operator
Devoted Health, Inc.HealthtechSeries C$62.0M$1.6Bnetwork2 shared operators
Advantia Holdings LLCHospitals and PhysiciansSeries C$212.1M$33.6Msame sector
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
Practice Interactive, IncOther Health CareSeries A$2.0M72%
Context Matters, Inc.Other Health CareSeed$74.4M71%
General Prognostics, Inc.Other Health CarePre-Seed$850K70%
Network of Virtual Physicians, Inc.Other TechnologySeed$3.2M70%
Simulated Inanimate Models, Inc.Hospitals and PhysiciansPre-Seed$18.9M70%
Precision Medicine Group Holdings, Inc.Other Health CareSeries C$671.1M70%
Circle Medical Technologies, Inc.Hospitals and PhysiciansSeries A$114.7M70%
Physician 360, Inc.Other Health CareSeed$17.5M70%
Frequently asked
How much funding has Grand Rounds, Inc. raised?
Grand Rounds, Inc. has raised approximately $904.4M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Grand Rounds, Inc.'s estimated valuation?
Provath's modeled valuation for Grand Rounds, Inc. is approximately $290.1M (modeled range $115.4M–$483.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Grand Rounds, Inc. at?
Grand Rounds, Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Mon May 24.
What does Grand Rounds, Inc. do and where is it based?
Grand Rounds, Inc. operates in the Hospitals and Physicians sector, based in SAN FRANCISCO. Grand Rounds unites physicians through shared insight and conversation, helping restore connection, purpose, and confidence in medicine.
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