Companies · Healthtech

Limelight Health, Inc.

SAN FRANCISCO · Healthtech · refined from filed group “Other

Diligence memoA one-page analyst read on Limelight Health, Inc. — recommendation, valuation, rhythm, risks.
$40.2M
Total raised · real
3
Rounds
4.0×
Latest step-up
Top 12%
Sector rank · raised
Series B
Latest stage · inferred · Thu Dec 06 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Limelight Health, Inc. looks fair against its niche peers and is dormant 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 1.41× the median modeled value of Series B Healthtech companies in 2016–2018 (33 peers) — value vs value, same stage and era.
  • Within the normal band (141% of peer median) for its niche.
Dormant
  • Last raise 7.6 yr ago; this sector typically re-raises about every 14 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 Healthtech

Limelight Health, Inc. is one of 2138 Healthtech companies tracked from SAN FRANCISCO. By capital raised it ranks in the upper tier (ahead of 89% 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
6
Investors (latest)
2014
Year incorporated
2018-12-06
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$250M$500M$750M$1.0BSeed · 2015-07-15 Raised $2.7M (real) Modeled valuation $75M (est)$2.7M$75MSeed2015Seed · 2015-07-15 Raised $2.7M (real) Modeled valuation $75M (est)$2.7M$75MSeed2015Series A · 2017-07-07 Raised $7.5M (real) Modeled valuation $169M (est)$7.5M$169MSeries A2017Series B · 2018-12-06 Raised $30M (real) Modeled valuation $744M (est)$30M$744MSeries B2018+$2.7M+$7.5M+$30MCumulative $43M

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$2.7M · 2015
Seed extension$2.7M · 2015
Series A$7.5M · 2017
Series B$30.0M · 2018

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: 75%.

Modeled valuation trajectory
$743.5M
Base estimate est.
$70.5M
Conservative case
$2.9B
Upside case
$166.7M
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.

Seed · modeled $74.6M · 2015-07-152015Seed · modeled $74.6M · 2015-07-15Series A · modeled $169.3M · 2017-07-07Series B · modeled $743.5M · 2018-12-062018
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
6.0 yr
Elapsed time used
7.6 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$11.8M/yr
Capital velocity
11.0 yr
On record since
2015
First round
4
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) 9.0× above median
This company$40.2M
Sector median$4.5M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.6× above median
This company$30.0M
Sector median$18.3M
Modeled value — vs sector median (estimate, all stages) 22× above median
This company$743.5M
Sector median$33.8M

Raised more than 89% of sector peers (real $). Modeled value above 96% 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 #8 of 33.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Altimate Medical Holdings, Inc. · Series B Raised $40.0M · modeled $991.3M (est)Southeast Healthcare Partners II, LLC · Series B Raised $34.0M · modeled $842.6M (est)NRS Health & Wellness GP LLC · Series B Raised $32.8M · modeled $813.0M (est)Aspire Health, Inc. · Series B Raised $49.9M · modeled $776.9M (est)Uprising Health LLC · Series B Raised $30.5M · modeled $756.9M (est)OODA Health, Inc. · Series B Raised $30.5M · modeled $755.9M (est)Provision Healthcare, LLC · Series B Raised $30.4M · modeled $752.2M (est)Cc Dental Implants Holding, Llc · Series B Raised $27.0M · modeled $669.6M (est)Inari Medical, Inc. · Series B Raised $51.9M · modeled $669.2M (est)HealthReveal, Inc. · Series B Raised $26.6M · modeled $659.2M (est)Global Wellness International, Inc. · Series B Raised $25.0M · modeled $619.6M (est)Limelight Health, Inc. (this company) Raised $40.2M · modeled $743.5M (est)Limelight Health, Inc.
CompanyStageRaised · realValue · estvs peer med.
Altimate Medical Holdings, Inc.Series B$40.0M$991.3M1.89×
Southeast Healthcare Partners II, LLCSeries B$34.0M$842.6M1.60×
NRS Health & Wellness GP LLCSeries B$32.8M$813.0M1.55×
Aspire Health, Inc.Series B$49.9M$776.9M1.48×
Uprising Health LLCSeries B$30.5M$756.9M1.44×
OODA Health, Inc.Series B$30.5M$755.9M1.44×
Provision Healthcare, LLCSeries B$30.4M$752.2M1.43×
Limelight Health, Inc. this companySeries B$40.2M$743.5M1.41×
Cc Dental Implants Holding, LlcSeries B$27.0M$669.6M1.27×
Inari Medical, Inc.Series B$51.9M$669.2M1.27×
HealthReveal, Inc.Series B$26.6M$659.2M1.25×
Global Wellness International, Inc.Series B$25.0M$619.6M1.18×
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$2.7M2015-07-15$13.4M$74.6M85%
Seed$2.7M2015-07-15$13.4M$74.6M85%
Series A$7.5M2017-07-07$34.1M$169.3M90%
Series B$30.0M2018-12-06$166.7M$743.5M90%
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$2.7M2015-07-15
    • First recorded raise — entered as Seed.
    • 3 investors on this round.
  2. Seed$2.7M2015-07-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  3. Series A$7.5M2017-07-07
    • Raised again after 24 mo — slower than the ~14 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 6 investors on this round.
  4. Series B$30.0M2018-12-06
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2020 ~Q1
Modeled next raise · ~14mo cadence
$90.0M
Modeled next size est.range $58.5M$144.0M
4.0×
Last step-up
$11.8M/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
Fred Toney8 other2015-07
Manish Agarwal8 other2015-07
Eric Emmons6 other2015-07
Eric T. Emmons2017-07
Fred T. Toney2017-07
Garrett T. Viggers2017-07
Garrett Viggers2015-07
Jason Andrew2015-07
Jason T. Andrew2017-07
Kara T. Hoogensen2018-12
Lerk-Ling T. Chang2018-12
Manish T. Agarwal2017-07
Mark T. Morgan2017-07
Michael Lujan2015-07
Michael T. Lujan2017-07
Registry & provenance

Limelight 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
1616491
SEC CIK
2014
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
Mindoula Health, Inc.HealthtechSeries B$30.7M$663.2Mnetwork1 shared operator · same sector · same stage
Hint Health IncHealthtechSeries A$15.5M$91.8Mnetwork2 shared operators · same sector
Health Recovery Solutions, Inc.HealthtechSeries B$40.0M$505.9Msame sector · same stage
Altimate Medical Holdings, Inc.HealthtechSeries B$40.0M$991.3Msame sector · same stage
Synapse Health, Inc.HealthtechSeries B$40.0M$220.3Msame sector · same stage
Mariposa Health, Inc./DEHealthtechSeries B$40.7M$301.5Msame sector · same stage
Covera Health, Inc.HealthtechSeries B$39.4M$485.3Msame sector · same stage
Berry Street Health, Inc.HealthtechSeries B$39.2M$170.0Msame 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
Guidelight Health, Inc.HealthtechSeries B$157.7M85%
Greenlight Medical, Inc.HealthtechSeed$32.6M85%
Opt Health, Inc.HealthtechSeries A$47.6M83%
Greenlight Health Data Solutions, Inc.HealthtechSeries A$17.8M82%
Thrive Health Tech, Inc.HealthtechSeries A$16.5M82%
Cassidy Health Inc.HealthtechPre-Seed$14.4M82%
Limelight Bio, Inc.BiotechnologySeries A$506.2M82%
Celeri Health, Inc.HealthtechSeed$27.8M81%
Frequently asked
How much funding has Limelight Health, Inc. raised?
Limelight Health, Inc. has raised approximately $40.2M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Limelight Health, Inc.'s estimated valuation?
Provath's modeled valuation for Limelight Health, Inc. is approximately $743.5M (modeled range $70.5M–$2.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Limelight Health, Inc. at?
Limelight Health, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Dec 06.
What does Limelight Health, Inc. do and where is it based?
Limelight Health, Inc. operates in the Healthtech sector, based in SAN FRANCISCO.
Explore related

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

Is this your company?

If you work at Limelight Health, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.