Diligence memo · auto-generated · as of July 2, 2026
Spruce Health, Inc.
Spruce Health, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Spruce Health, Inc. operates in Other Health Care, based in SAN FRANCISCO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Spruce Health, Inc. has raised $15M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $15M on 2014-09-17.
Most recent recorded round closed around 2014-09-17.
Valuation (modeled)modeled
Provath models Spruce Health, Inc. at approximately $303M (range $19M–$1.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.50× the median modeled value of Series A Other Health Care companies in 2013–2015 (187 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 11.8 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 81% of Other Health Care peers (5377 compared).
Modeled value ranks above 91% of those peers.
Closest niche peers: Imagine Health, Inc., Inova Labs, Inc., Cephea Valve Technologies, Inc., ClarVista Medical, Inc., Minimally Invasive Devices 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.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.