Diligence memo · auto-generated · as of July 2, 2026
Smile Source Holdings, L.P.
Smile Source Holdings, L.P. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Smile Source Holdings, L.P. operates in Other Health Care, based in PITTSBURGH.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Smile Source Holdings, L.P. has raised $32M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $32M on 2023-03-29.
Most recent recorded round closed around 2023-03-29.
Valuation (modeled)modeled
Provath models Smile Source Holdings, L.P. at approximately $309M (range $76M–$704M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.03× the median modeled value of Series B Other Health Care companies in 2022–2024 (91 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 3.3 yr ago; this sector typically re-raises about every 14 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 89% of Other Health Care peers (5377 compared).
Modeled value ranks above 91% of those peers.
Closest niche peers: Code Biotherapeutics, Inc., Candesant Biomedical, Inc., Artis Holdings, LLC, GIO Blood Ltd, Clarapath, Inc..
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.