Companies · Healthtech

HealthBridge Financial, Inc.

GRAND RAPIDS · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on HealthBridge Financial, Inc. — recommendation, valuation, rhythm, risks.
$81.1M
Total raised · real
10
Rounds
1.1×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Wed Nov 19 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

HealthBridge Financial, 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 0.89× the median modeled value of Series B Healthtech companies in 2025–2027 (55 peers) — value vs value, same stage and era.
  • Within the normal band (89% of peer median) for its niche.
Active
  • Last raise 7 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

HealthBridge Financial, Inc. is one of 2138 Healthtech companies tracked from GRAND RAPIDS. By capital raised it ranks among the largest (ahead of 95% of sector peers), and in the upper tier 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
7
Investors (latest)
2025-11-19
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$500MPre-Seed · 2017-07-10 Raised $900K (real) Modeled valuation $31M (est)Pre-Seed2017Pre-Seed · 2018-06-25 Raised $629K (real) Modeled valuation $22M (est)Pre-Seed2018Series A · 2019-04-23 Raised $8.3M (real) Modeled valuation $187M (est)Series A2019Series A · 2020-04-08 Raised $1.5M (real) Modeled valuation $34M (est)Series A2020Series A · 2021-05-11 Raised $14M (real) Modeled valuation $231M (est)Series A2021Series A · 2022-06-06 Raised $2.8M (real) Modeled valuation $30M (est)Series A2022Series A · 2023-04-13 Raised $8.4M (real) Modeled valuation $66M (est)Series A2023Series A · 2024-04-26 Raised $6.6M (real) Modeled valuation $35M (est)Series A2024Seed · 2024-08-26 Raised $3.3M (real) Modeled valuation $14M (est)Seed2024Series B · 2024-08-26 Raised $18M (real) Modeled valuation $116M (est)Series B2024Series B · 2025-11-19 Raised $20M (real) Modeled valuation $87M (est)Series B2025Cumulative $84M

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$900K · 2017
Pre-Seed extension$629K · 2018
Series A$8.3M · 2019no Seed on file
Series A extension$1.5M · 2020
Series A extension$14.2M · 2021
Series A extension$2.8M · 2022
Series A extension$8.4M · 2023
Series A extension$6.6M · 2024
Bridge · Series A-stage$3.3M · 2024smaller follow-on
Series B$17.9M · 2024
Series B extension$20.0M · 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
$86.7M
Base estimate est.
$47.0M
Conservative case
$119.1M
Upside case
$111.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $31.0M · 2017-07-102017Pre-Seed · modeled $21.7M · 2018-06-25Series A · modeled $187.2M · 2019-04-23Series A · modeled $33.9M · 2020-04-08Series A · modeled $231.3M · 2021-05-11Series A · modeled $30.3M · 2022-06-06Series A · modeled $66.2M · 2023-04-13Series A · modeled $35.4M · 2024-04-26Seed · modeled $14.2M · 2024-08-26Series B · modeled $115.6M · 2024-08-26Series B · modeled $86.7M · 2025-11-192025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.38×/yr
Annual markup
1.67×/yr upside case
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$9.7M/yr
Capital velocity
9.0 yr
On record since
2017
First round
11
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) 18× above median
This company$81.1M
Sector median$4.5M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.1× above median
This company$20.0M
Sector median$18.3M
Modeled value — vs sector median (estimate, all stages) 2.6× above median
This company$86.7M
Sector median$33.8M

Raised more than 95% of sector peers (real $). Modeled value above 74% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #33 of 55.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Sevaro Health Inc · Series B Raised $46.0M · modeled $175.0M (est)Field Medical, Inc. · Series B Raised $61.9M · modeled $172.8M (est)Berry Street Health, Inc. · Series B Raised $39.2M · modeled $170.0M (est)Puzzle Medical Devices Inc. · Series B Raised $30.0M · modeled $168.6M (est)Cartwheel Care Inc. · Series B Raised $35.2M · modeled $168.1M (est)Spiro Medical Inc. · Series B Raised $39.1M · modeled $156.6M (est)Nomad Health, Inc. · Series B Raised $106.9M · modeled $153.2M (est)Charta Health, Inc. · Series B Raised $30.1M · modeled $148.8M (est)Integrated Care Partners, Inc. · Series B Raised $55.0M · modeled $145.9M (est)Commons Clinic Inc. · Series B Raised $69.8M · modeled $145.0M (est)Lumata Health Inc. · Series B Raised $35.4M · modeled $131.3M (est)Okami Medical, Inc. · Series B Raised $77.2M · modeled $125.6M (est)HealthBridge Financial, Inc. (this company) Raised $81.1M · modeled $86.7M (est)HealthBridge Financial, Inc.
CompanyStageRaised · realValue · estvs peer med.
Sevaro Health IncSeries B$46.0M$175.0M1.80×
Field Medical, Inc.Series B$61.9M$172.8M1.77×
Berry Street Health, Inc.Series B$39.2M$170.0M1.74×
Puzzle Medical Devices Inc.Series B$30.0M$168.6M1.73×
Cartwheel Care Inc.Series B$35.2M$168.1M1.72×
Spiro Medical Inc.Series B$39.1M$156.6M1.61×
Nomad Health, Inc.Series B$106.9M$153.2M1.57×
Charta Health, Inc.Series B$30.1M$148.8M1.53×
Integrated Care Partners, Inc.Series B$55.0M$145.9M1.50×
Commons Clinic Inc.Series B$69.8M$145.0M1.49×
Lumata Health Inc.Series B$35.4M$131.3M1.35×
Okami Medical, Inc.Series B$77.2M$125.6M1.29×
HealthBridge Financial, Inc. this companySeries B$81.1M$86.7M0.89×
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$900K2017-07-10$5.0M$31.0M90%
Pre-Seed$629K2018-06-25$3.5M$21.7M90%
Series A$8.3M2019-04-23$37.7M$187.2M90%
Series A$1.5M2020-04-08$6.8M$33.9M90%
Series A$14.2M2021-05-11$64.4M$231.3M90%
Series A$2.8M2022-06-06$12.6M$30.3M90%
Series A$8.4M2023-04-13$38.0M$66.2M90%
Series A$6.6M2024-04-26$30.1M$35.4M90%
Seed$3.3M2024-08-26$16.5M$14.2M90%
Series B$17.9M2024-08-26$99.4M$115.6M90%
Series B$20.0M2025-11-19$111.1M$86.7M90%
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$900K2017-07-10
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Pre-Seed$629K2018-06-25
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  3. Series A$8.3M2019-04-23
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 13.2× larger than the prior — scaling up.
    • 23 investors on this round.
  4. Series A$1.5M2020-04-08
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round 5.5× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  5. Series A$14.2M2021-05-11
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 9.4× larger than the prior — scaling up.
    • 13 investors on this round.
  6. Series A$2.8M2022-06-06
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 5.1× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  7. Series A$8.4M2023-04-13
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 2 investors on this round.
  8. Series A$6.6M2024-04-26
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 34 investors on this round.
  9. Seed$3.3M2024-08-26
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  10. Series B$17.9M2024-08-26
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.4× larger than the prior — scaling up.
    • 15 investors on this round.
  11. Series B$20.0M2025-11-19
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~10mo cadence
$22.3M
Modeled next size est.range $20.0M$35.8M
1.1×
Last step-up
$9.7M/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
Greg Robinson8 other2024-04
Gian Fulgoni7 other2024-04
Dan Malven5 other2021-05
Mike DeVries3 other2017-07
Matt Kinley2 other2019-04
Daniel Malven1 other2023-04
Joseph B. Anderson1 other2019-04
Mark Chess1 other2024-08
Tami Reller1 other2024-08
Amy Chambers2017-07
Amy O'Meara Chambers2023-04
Gregory VandenBosch2017-07
Hin-King Tai2019-04
James Slubowski2023-04
Paul Iles2023-04
Ryan Wheeler2017-07
Timothy Heger2023-04
Registry & provenance

HealthBridge Financial, 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
1712468
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.

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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
Bainbridge Health, Inc.HealthtechSeed$10.9M92%
Edenbridge Health, Inc.HealthtechSeed$27.7M90%
HealthChain Holdings LLCHealthtechPre-Seed$13.4M89%
Bridgeway Wellness Group, LLCHealthtechPre-Seed$7.1M87%
What About Health, Inc.HealthtechPre-Seed$7.6M86%
CrossBridge Health LLCHealthtechSeed$46.4M86%
Holistic Health Holdings, Inc.HealthtechSeed$16.3M85%
healthblock, Inc.HealthtechSeed$40.2M85%
Frequently asked
How much funding has HealthBridge Financial, Inc. raised?
HealthBridge Financial, Inc. has raised approximately $81.1M in disclosed capital across 10 recorded financing rounds, aggregated from public filings.
What is HealthBridge Financial, Inc.'s estimated valuation?
Provath's modeled valuation for HealthBridge Financial, Inc. is approximately $86.7M (modeled range $47.0M–$119.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is HealthBridge Financial, Inc. at?
HealthBridge Financial, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Nov 19.
What does HealthBridge Financial, Inc. do and where is it based?
HealthBridge Financial, Inc. operates in the Healthtech sector, based in GRAND RAPIDS.
Explore related

See where HealthBridge Financial, 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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