Diligence memo · auto-generated · as of July 2, 2026
Shadow Health, Inc.
Shadow Health, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Shadow Health, Inc. operates in Healthtech, based in GAINESVILLE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Shadow Health, Inc. has raised $8.0M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.1M on 2015-01-30.
Most recent recorded round closed around 2018-07-01.
Valuation (modeled)modeled
Provath models Shadow Health, Inc. at approximately $83M (range $2.5M–$653M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.48× the median modeled value of Seed Healthtech companies in 2016–2018 (148 peers) — value vs value, same stage and era. Within the normal band (148% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 8.0 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 65% of Healthtech peers (2138 compared).
Modeled value ranks above 73% of those peers.
Closest niche peers: Carie Health, LLC, Prepared Health, Inc., Hancock Medical, Inc., PGCS PC Tapestry Tallahassee Assisted Living & Memory Care LP, Bedford Population Health, LLC.
Peoplefiled
11 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.