Diligence memo · auto-generated · as of July 2, 2026
Mendel Health Inc.
Mendel Health Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Mendel Health Inc. operates in Healthtech, based in SAN JOSE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Mendel Health Inc. has raised $53M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $40M on 2022-03-16.
Most recent recorded round closed around 2022-03-16.
Valuation (modeled)modeled
Provath models Mendel Health Inc. at approximately $571M (range $94M–$1.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 3.45× the median modeled value of Series B Healthtech companies in 2022–2024 (98 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 4.3 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 3.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 91% of Healthtech peers (2138 compared).
Modeled value ranks above 94% of those peers.
Closest niche peers: Casana Care, Inc., Bicycle Health Inc., Brave Health, Inc., Flume Health, Inc., Healthy America, LLC.
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.