Diligence memo · auto-generated · as of July 3, 2026
Reliance Health Inc.
Reliance Health Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Reliance Health Inc. operates in Healthtech, based in AUSTIN, LA, Nigeria; Austin, TX, USA. We make healthcare in emerging markets affordable and accessible
Sub-sector tags: Digital Health, Health Insurance, Health Tech, Healthcare, healthtech, insurance.
Capital & rounds (filed)filed
Reliance Health Inc. has raised $48M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $40M on 2022-01-25.
Most recent recorded round closed around 2022-01-25.
Valuation (modeled)modeled
Provath models Reliance Health Inc. at approximately $664M (range $145M–$1.4B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.37× the median modeled value of Series C Healthtech companies in 2022–2024 (39 peers) — value vs value, same stage and era. Within the normal band (137% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 4.4 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 90% of Healthtech peers (2138 compared).
Modeled value ranks above 95% of those peers.
Closest niche peers: Freedom Dental Funding, LLC, Elevate Care International Topco LP, Athelas Inc., Hazel Health, Inc., Health Gorilla, Inc..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.