Companies · Healthtech

Particle Health Inc.

NEW YORK · Healthtech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Particle Health Inc. — recommendation, valuation, rhythm, risks.
$38.3M
Total raised · real
3
Rounds
2.0×
Latest step-up
Top 13%
Sector rank · raised
Series B
Latest stage · inferred · Fri Jul 01 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Particle Health Inc. looks over-valued 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.

Over-valued
  • Modeled value is 1.89× the median modeled value of Series B Healthtech companies in 2022–2024 (98 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.0 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

Particle Health Inc. is one of 2138 Healthtech companies tracked from NEW YORK. By capital raised it ranks in the upper tier (ahead of 88% 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
7
Investors (latest)
2017
Year incorporated
2022-07-01
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 · 2019-05-17 Raised $2.3M (real) Modeled valuation $65M (est)$2.3M$65MSeed2019Series A · 2020-03-31 Raised $12M (real) Modeled valuation $271M (est)$12M$271MSeries A2020Series B · 2022-07-01 Raised $24M (real) Modeled valuation $312M (est)$24M$312MSeries B2022+$12M+$24MCumulative $38M

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$2.3M · 2019
Series A$12.0M · 2020
Series B$24.0M · 2022

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
$311.5M
Base estimate est.
$56.4M
Conservative case
$818.0M
Upside case
$133.3M
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 $65.0M · 2019-05-172019Series A · modeled $270.9M · 2020-03-31Series B · modeled $311.5M · 2022-07-012022
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
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$12.3M/yr
Capital velocity
7.1 yr
On record since
2019
First round
3
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) 8.6× above median
This company$38.3M
Sector median$4.5M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.3× above median
This company$24.0M
Sector median$18.3M
Modeled value — vs sector median (estimate, all stages) 9.2× above median
This company$311.5M
Sector median$33.8M

Raised more than 88% of sector peers (real $). Modeled value above 90% 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 #14 of 98.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Casana Care, Inc. · Series B Raised $56.4M · modeled $608.0M (est)Mendel Health Inc. · Series B Raised $52.7M · modeled $570.9M (est)Bicycle Health Inc. · Series B Raised $61.4M · modeled $492.6M (est)Brave Health, Inc. · Series B Raised $38.6M · modeled $485.7M (est)Flume Health, Inc. · Series B Raised $35.9M · modeled $446.0M (est)Healthy America, LLC · Series B Raised $31.0M · modeled $435.9M (est)Moxe Health Corp · Series B Raised $34.8M · modeled $404.2M (est)Kintsugi Mindful Wellness, Inc. · Series B Raised $25.0M · modeled $370.4M (est)Invoq Health, Inc. · Series B Raised $41.5M · modeled $362.5M (est)Folx Health, Inc. · Series B Raised $59.3M · modeled $355.7M (est)Recuro Health, Inc. · Series B Raised $44.2M · modeled $340.0M (est)Orchard Healthcare, Inc. · Series B Raised $34.8M · modeled $338.9M (est)Particle Health Inc. (this company) Raised $38.3M · modeled $311.5M (est)Particle Health Inc.
CompanyStageRaised · realValue · estvs peer med.
Casana Care, Inc.Series B$56.4M$608.0M3.68×
Mendel Health Inc.Series B$52.7M$570.9M3.45×
Bicycle Health Inc.Series B$61.4M$492.6M2.98×
Brave Health, Inc.Series B$38.6M$485.7M2.94×
Flume Health, Inc.Series B$35.9M$446.0M2.70×
Healthy America, LLCSeries B$31.0M$435.9M2.64×
Moxe Health CorpSeries B$34.8M$404.2M2.45×
Kintsugi Mindful Wellness, Inc.Series B$25.0M$370.4M2.24×
Invoq Health, Inc.Series B$41.5M$362.5M2.19×
Folx Health, Inc.Series B$59.3M$355.7M2.15×
Recuro Health, Inc.Series B$44.2M$340.0M2.06×
Orchard Healthcare, Inc.Series B$34.8M$338.9M2.05×
Particle Health Inc. this companySeries B$38.3M$311.5M1.89×
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.
Seed$2.3M2019-05-17$11.7M$65.0M90%
Series A$12.0M2020-03-31$54.5M$270.9M90%
Series B$24.0M2022-07-01$133.3M$311.5M90%
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$2.3M2019-05-17
    • First recorded raise — entered as Seed.
    • 13 investors on this round.
  2. Series A$12.0M2020-03-31
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 5.1× larger than the prior — scaling up.
    • 19 investors on this round.
  3. Series B$24.0M2022-07-01
    • Raised again after 27 mo — slower than the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 7 investors on this round.
Intelligence
2024 ~Q1
Modeled next raise · ~19mo cadence
$48.0M
Modeled next size est.range $31.2M$76.8M
2.0×
Last step-up
$12.3M/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
Rebecca Lynn11 other2022-07
Taylor Greene8 other2020-03
Greg Yap7 other2020-03
Jeff Lee1 other2022-07
Dan Horbatt2019-05
Greene Taylor2019-05
Troy Bannister2019-05
Registry & provenance

Particle 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
1781594
SEC CIK
2017
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
Cartwheel Care Inc.HealthtechSeries B$35.2M$168.1Mnetwork1 shared operator · same sector · same stage
Koala Health, Inc.HealthtechSeries B$20.0M$266.1Mnetwork1 shared operator · same sector · same stage
Brave Health, Inc.HealthtechSeries B$38.6M$485.7Msame sector · same stage
PeopleOne Health, Inc.HealthtechSeries B$37.9M$159.6Msame sector · same stage
Octagos Health, Inc.HealthtechSeries B$37.7M$195.3Msame sector · same stage
Conversio Health, LLCHealthtechSeries B$39.0M$158.1Msame sector · same stage
Spiro Medical Inc.HealthtechSeries B$39.1M$156.6Msame sector · same stage
Gather Health Primary Care, Inc.HealthtechSeries B$37.5M$105.6Msame 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
Health Gorilla, Inc.HealthtechSeries C$816.3M86%
Beam Health, Inc.HealthtechSeed$6.0M86%
Healthe, Inc.HealthtechSeries B$465.2M86%
Shadow Health, Inc.HealthtechSeed$83.2M86%
Analyte Health, Inc.HealthtechSeries A$67.8M86%
Develop Health Inc.HealthtechSeries B$87.4M85%
Better Health Technologies Inc.HealthtechSeries A$211.9M85%
Healthie Inc.HealthtechSeed$29.8M85%
Frequently asked
How much funding has Particle Health Inc. raised?
Particle Health Inc. has raised approximately $38.3M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Particle Health Inc.'s estimated valuation?
Provath's modeled valuation for Particle Health Inc. is approximately $311.5M (modeled range $56.4M–$818.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Particle Health Inc. at?
Particle Health Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Jul 01.
What does Particle Health Inc. do and where is it based?
Particle Health Inc. operates in the Healthtech sector, based in NEW YORK.
Explore related

See where Particle 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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