Diligence memo · auto-generated · as of July 2, 2026
Ribbon Health, Inc.
Ribbon Health, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Ribbon Health, Inc. operates in Healthtech, based in NEW YORK, NY, USA. Health enterprise API for data on doctors, insurance, costs, & quality
Sub-sector tags: API, Digital Health, Health Tech, Healthcare, data/analytics, healthtech, insurance.
Capital & rounds (filed)filed
Ribbon Health, Inc. has raised $15M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $12M on 2020-02-11.
Most recent recorded round closed around 2021-02-19.
Valuation (modeled)modeled
Provath models Ribbon Health, Inc. at approximately $62M (range $4.5M–$292M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.53× the median modeled value of Series A Healthtech companies in 2019–2021 (124 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 21 months.
Last raise 5.4 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round was 3.4× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 76% of Healthtech peers (2138 compared).
Modeled value ranks above 67% of those peers.
Closest niche peers: Itamar Medical Ltd., ChartSpan Medical Technologies, Inc., 4G Clinical, LLC, Wellness Group Investors, LLC, Avation Medical, Inc..
Peoplefiled
3 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.