Companies · Healthtech

Ricovr Healthcare Inc.

PRINCETON · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Ricovr Healthcare Inc. — recommendation, valuation, rhythm, risks.
$6.7M
Total raised · real
7
Rounds
0.3×
Latest step-up
Top 39%
Sector rank · raised
Seed
Latest stage · inferred · Fri Dec 19 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Ricovr Healthcare Inc. looks under-valued against its niche peers and is active 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 0.27× the median modeled value of Seed Healthtech companies in 2025–2027 (77 peers) — value vs value, same stage and era.
Active
  • Last raise 6 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Ricovr Healthcare Inc. is one of 2138 Healthtech companies tracked from PRINCETON. By capital raised it ranks mid-pack (ahead of 62% 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)
2025-12-19
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$13M$25M$38M$50MPre-Seed · 2019-03-01 Raised $535K (real) Modeled valuation $18M (est)Pre-Seed2019Pre-Seed · 2020-01-17 Raised $300K (real) Modeled valuation $10M (est)Pre-Seed2020Seed · 2021-03-08 Raised $2.2M (real) Modeled valuation $46M (est)Seed2021Seed · 2021-08-25 Raised $255K (real) Modeled valuation $4.2M (est)Seed2021Seed · 2023-02-27 Raised $833K (real) Modeled valuation $7.0M (est)Seed2023Seed · 2023-12-04 Raised $2.0M (real) Modeled valuation $12M (est)Seed2023Seed · 2025-12-19 Raised $550K (real) Modeled valuation $1.3M (est)Seed2025+$300K+$2.2M+$255K+$833K+$2.0M+$550KCumulative $6.7M

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$535K · 2019
Pre-Seed extension$300K · 2020
Seed$2.2M · 2021
Seed extension$255K · 2021
Seed extension$833K · 2023
Seed extension$2.0M · 2023
Seed extension$550K · 2025

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

Modeled valuation trajectory
$1.3M
Base estimate est.
$465K
Conservative case
$2.4M
Upside case
$2.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $18.4M · 2019-03-012019Pre-Seed · modeled $10.3M · 2020-01-17Seed · modeled $45.6M · 2021-03-08Seed · modeled $4.2M · 2021-08-25Seed · modeled $7.0M · 2023-02-27Seed · modeled $11.9M · 2023-12-04Seed · modeled $1.3M · 2025-12-192025
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.57×/yr
Annual markup
2.05×/yr upside case
0.5 yr
Elapsed time used
0.5 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$986K/yr
Capital velocity
7.3 yr
On record since
2019
First round
7
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) 1.5× above median
This company$6.7M
Sector median$4.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$550K
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$1.3M
Sector median$33.8M

Raised more than 62% of sector peers (real $). Modeled value above 13% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #63 of 77.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Headstart Health, Inc. · Seed Raised $4.0M · modeled $14.5M (est)eMAX Health 2.0 LLC · Seed Raised $3.8M · modeled $13.6M (est)Ezer Health Holdings, Llc · Seed Raised $4.0M · modeled $13.5M (est)Helius Medical Technologies, Inc. · Seed Raised $15.4M · modeled $13.4M (est)LaaSy Health HoldCo Inc. · Seed Raised $3.9M · modeled $12.9M (est)LeBlanc Dental Products, Inc. · Seed Raised $4.1M · modeled $12.0M (est)Physicians' Medical Center, LLC · Seed Raised $4.2M · modeled $12.0M (est)Fresenius Medical Care Northshore Houston, LLC · Seed Raised $4.0M · modeled $11.8M (est)Fresenius Medical Care Sunset, LLC · Seed Raised $3.5M · modeled $11.6M (est)Nexxt MedTech Inc. · Seed Raised $4.0M · modeled $11.2M (est)Bainbridge Health, Inc. · Seed Raised $9.3M · modeled $10.9M (est)Flyway Health Inc. · Seed Raised $4.0M · modeled $10.0M (est)Ricovr Healthcare Inc. (this company) Raised $6.7M · modeled $1.3M (est)Ricovr Healthcare Inc.
CompanyStageRaised · realValue · estvs peer med.
Headstart Health, Inc.Seed$4.0M$14.5M2.96×
eMAX Health 2.0 LLCSeed$3.8M$13.6M2.79×
Ezer Health Holdings, LlcSeed$4.0M$13.5M2.77×
Helius Medical Technologies, Inc.Seed$15.4M$13.4M2.74×
LaaSy Health HoldCo Inc.Seed$3.9M$12.9M2.64×
LeBlanc Dental Products, Inc.Seed$4.1M$12.0M2.46×
Physicians' Medical Center, LLCSeed$4.2M$12.0M2.46×
Fresenius Medical Care Northshore Houston, LLCSeed$4.0M$11.8M2.42×
Fresenius Medical Care Sunset, LLCSeed$3.5M$11.6M2.36×
Nexxt MedTech Inc.Seed$4.0M$11.2M2.29×
Bainbridge Health, Inc.Seed$9.3M$10.9M2.23×
Flyway Health Inc.Seed$4.0M$10.0M2.05×
Ricovr Healthcare Inc. this companySeed$6.7M$1.3M0.27×
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$535K2019-03-01$3.0M$18.4M90%
Pre-Seed$300K2020-01-17$1.7M$10.3M90%
Seed$2.2M2021-03-08$11.2M$45.6M90%
Seed$255K2021-08-25$1.3M$4.2M90%
Seed$833K2023-02-27$4.2M$7.0M90%
Seed$2.0M2023-12-04$10.0M$11.9M90%
Seed$550K2025-12-19$2.8M$1.3M90%
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$535K2019-03-01
    • First recorded raise — entered as Pre-Seed.
    • 12 investors on this round.
  2. Pre-Seed$300K2020-01-17
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Seed$2.2M2021-03-08
    • Raised 14 mo later, in step with the ~14 mo sector norm.
    • Round 7.5× larger than the prior — scaling up.
    • 16 investors on this round.
  4. Seed$255K2021-08-25
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 8.8× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  5. Seed$833K2023-02-27
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 3.3× larger than the prior — scaling up.
    • 10 investors on this round.
  6. Seed$2.0M2023-12-04
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Seed$550K2025-12-19
    • Raised again after 25 mo — slower than the ~14 mo sector norm.
    • Round 3.6× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~14mo cadence
$550K
Modeled next size est.range $550K$880K
0.3×
Last step-up
$986K/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
Vikas Desai4 other2021-08
Andrew Dowicz2025-12
Himanshu Bhatia2019-03
Piyush Sadana2019-03
Steven Shuman2023-12
Steve Shuman2019-03
William Hagaman2023-12
Registry & provenance

Ricovr Healthcare 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
1800521
SEC CIK
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
Deinde Medical Corp.HealthtechSeed$6.5M$472Ksame sector · same stage
MiRTLE Medical LLCHealthtechSeed$6.3M$1.8Msame sector · same stage
Itiliti Health, Inc.HealthtechSeed$6.2M$2.1Msame sector · same stage
Legion Health, Inc.HealthtechSeed$6.1M$1.0Msame sector · same stage
Mission Autism Clinics LlcHealthtechSeed$7.4M$2.0Msame sector · same stage
Texas Health Surgery Center Preston Plaza, LLCHealthtechSeed$5.9M$787Ksame sector · same stage
Aatru Medical LLCHealthtechSeed$5.7M$336Ksame sector · same stage
Orderly Health Inc.HealthtechSeed$8.5M$890Ksame 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
VR Health Network Inc.HealthtechPre-Seed$11.7M85%
Cortex Health, Inc.HealthtechSeed$12.5M85%
Cava Healthcare Inc.HealthtechPre-Seed$6.5M83%
Radial Health, Inc.HealthtechSeries A$42.2M83%
Healthcare, Inc.HealthtechSeries D+$4.0B83%
Mae Health, Inc.HealthtechSeed$7.6M83%
Cvr Medical Corp.HealthtechPre-Seed$13.6M82%
Artemis Healthcare, Inc.HealthtechPre-Seed$1.4M82%
Frequently asked
How much funding has Ricovr Healthcare Inc. raised?
Ricovr Healthcare Inc. has raised approximately $6.7M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Ricovr Healthcare Inc.'s estimated valuation?
Provath's modeled valuation for Ricovr Healthcare Inc. is approximately $1.3M (modeled range $465K–$2.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ricovr Healthcare Inc. at?
Ricovr Healthcare Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Dec 19.
What does Ricovr Healthcare Inc. do and where is it based?
Ricovr Healthcare Inc. operates in the Healthtech sector, based in PRINCETON.
Explore related

See where Ricovr Healthcare Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Ricovr Healthcare Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.