Companies · Healthtech

Refactor Health, Inc.

NEW HAVEN · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Refactor Health, Inc. — recommendation, valuation, rhythm, risks.
$600K
Total raised · real
2
Rounds
1.0×
Latest step-up
Top 78%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Sep 07 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Refactor Health, Inc. looks under-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.

Under-valued
  • Modeled value is 0.54× the median modeled value of Pre-Seed Healthtech companies in 2019–2021 (139 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.8 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

Refactor Health, Inc. is one of 2138 Healthtech companies tracked from NEW HAVEN. By capital raised it ranks in the long tail (ahead of 23% of sector peers), and in the long tail 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
2
Investors (latest)
2019
Year incorporated
2021-09-07
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$5.0M$10M$15M$20MPre-Seed · 2019-08-14 Raised $300K (real) Modeled valuation $10M (est)$300K$10MPre-Seed2019Pre-Seed · 2021-09-07 Raised $300K (real) Modeled valuation $5.6M (est)$300K$5.6MPre-Seed2021+$300KCumulative $600K

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$300K · 2019
Pre-Seed extension$300K · 2021

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$5.6M
Base estimate est.
$188K
Conservative case
$44.5M
Upside case
$1.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $10.3M · 2019-08-142019Pre-Seed · modeled $5.6M · 2021-09-072021
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.67×/yr
Annual markup
2.27×/yr upside case
4.8 yr
Elapsed time used
4.8 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
25 mo
Avg between rounds
$290K/yr
Capital velocity
6.9 yr
On record since
2019
First round
2
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) 0.1× of median
This company$600K
Sector median$4.5M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.8× of median
This company$300K
Sector median$375K
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$5.6M
Sector median$33.8M

Raised more than 23% of sector peers (real $). Modeled value above 24% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #102 of 139.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Levin Eye Care LLC · Pre-Seed Raised $1.0M · modeled $34.5M (est)Medical Records Now, Inc. · Pre-Seed Raised $2.0M · modeled $34.5M (est)Emf Medical Devices Inc. · Pre-Seed Raised $1.0M · modeled $34.5M (est)Miracle Leaf Health Centers, Corp. · Pre-Seed Raised $1.0M · modeled $34.5M (est)PRINE Health Holdings, LLC · Pre-Seed Raised $1.0M · modeled $34.5M (est)nView medical Inc. · Pre-Seed Raised $1.5M · modeled $34.5M (est)Hey Healthcare, Inc. · Pre-Seed Raised $2.0M · modeled $34.5M (est)Merrimac Medical Investors, LLC · Pre-Seed Raised $1.0M · modeled $34.5M (est)Texas Health Surgery Center Southwest Fort Worth, LLC · Pre-Seed Raised $980K · modeled $33.8M (est)Veritas Medical Solutions LLC · Pre-Seed Raised $1.0M · modeled $31.5M (est)HealthTech Arkansas Investments LLC · Pre-Seed Raised $815K · modeled $28.1M (est)Medical Ingenuities, LLC · Pre-Seed Raised $997K · modeled $26.9M (est)Refactor Health, Inc. (this company) Raised $600K · modeled $5.6M (est)Refactor Health, Inc.
CompanyStageRaised · realValue · estvs peer med.
Levin Eye Care LLCPre-Seed$1.0M$34.5M3.33×
Medical Records Now, Inc.Pre-Seed$2.0M$34.5M3.33×
Emf Medical Devices Inc.Pre-Seed$1.0M$34.5M3.33×
Miracle Leaf Health Centers, Corp.Pre-Seed$1.0M$34.5M3.33×
PRINE Health Holdings, LLCPre-Seed$1.0M$34.5M3.33×
nView medical Inc.Pre-Seed$1.5M$34.5M3.33×
Hey Healthcare, Inc.Pre-Seed$2.0M$34.5M3.33×
Merrimac Medical Investors, LLCPre-Seed$1.0M$34.5M3.33×
Texas Health Surgery Center Southwest Fort Worth, LLCPre-Seed$980K$33.8M3.27×
Veritas Medical Solutions LLCPre-Seed$1.0M$31.5M3.04×
HealthTech Arkansas Investments LLCPre-Seed$815K$28.1M2.72×
Medical Ingenuities, LLCPre-Seed$997K$26.9M2.60×
Refactor Health, Inc. this companyPre-Seed$600K$5.6M0.54×
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$300K2019-08-14$1.7M$10.3M90%
Pre-Seed$300K2021-09-07$1.7M$5.6M90%
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$300K2019-08-14
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$300K2021-09-07
    • Raised again after 25 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~25mo cadence
$300K
Modeled next size est.range $300K$480K
1.0×
Last step-up
$290K/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
David Scheer5 other2019-08
Harlan Krumholz2019-08
Michael Apkon2019-08
Paul Zabaleta2019-08
Wade Schulz2019-08
Registry & provenance

Refactor 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
1884999
SEC CIK
2019
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.

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ControHealthtechPre-Seed$585K$5.9Msame sector · same stage
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Imagen Highgrove Dental Support Services, LLCHealthtechPre-Seed$624K$2.3Msame sector · same stage
Medical Innovation Centers of America, Inc.HealthtechPre-Seed$625K$3.3Msame sector · same stage
Imagen Dental Design of Brentwood Support Services, LLCHealthtechPre-Seed$568K$4.1Msame 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
Reimagine Care, Inc.HealthtechSeries A$7.2M87%
Rebuild Health Management, Inc.HealthtechSeed$34.9M86%
ReThink Medical, Inc.HealthtechSeed$89.4M85%
Healthnet, IncHealthtechPre-Seed$3.7M84%
What About Health, Inc.HealthtechPre-Seed$7.6M84%
Rx.Health, Inc.HealthtechSeed$48.5M84%
Healthcare, Inc.HealthtechSeries D+$4.0B84%
Alternate Health Corp.HealthtechSeed$8.3M84%
Frequently asked
How much funding has Refactor Health, Inc. raised?
Refactor Health, Inc. has raised approximately $600K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Refactor Health, Inc.'s estimated valuation?
Provath's modeled valuation for Refactor Health, Inc. is approximately $5.6M (modeled range $188K–$44.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Refactor Health, Inc. at?
Refactor Health, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Sep 07.
What does Refactor Health, Inc. do and where is it based?
Refactor Health, Inc. operates in the Healthtech sector, based in NEW HAVEN.
Explore related

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