Companies · Healthtech

Twin Health, Inc.

MOUNTAIN VIEW · Healthtech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Twin Health, Inc. — recommendation, valuation, rhythm, risks.
$243.2M
Total raised · real
4
Rounds
0.3×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Wed May 07 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Twin Health, 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 0.59× the median modeled value of Series D+ Healthtech companies in 2025–2027 (9 peers) — value vs value, same stage and era.
Active
  • Last raise 14 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

Twin Health, Inc. is one of 2138 Healthtech companies tracked from MOUNTAIN VIEW. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest 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
7
Investors (latest)
2025-05-07
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$1.3B$2.5B$3.8B$5.0BSeries A · 2020-06-18 Raised $14M (real) Modeled valuation $318M (est)$14M$318MSeries A2020Series B · 2020-10-15 Raised $26M (real) Modeled valuation $576M (est)$26M$576MSeries B2020Series D+ · 2021-07-23 Raised $155M (real) Modeled valuation $3.1B (est)$155M$3.1BSeries D+2021Series D+ · 2021-07-23 Raised $141M (real) Modeled valuation $2.9B (est)$141M$2.9BSeries D+2021Series D+ · 2025-05-07 Raised $49M (real) Modeled valuation $422M (est)$49M$422MSeries D+2025+$26M+$155M+$141M+$49MCumulative $384M

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
Series A$14.1M · 2020
Series B$25.5M · 2020
Series D+$154.8M · 2021no Series C on file
Series D+ extension$140.8M · 2021
Series D+ extension$48.8M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$421.6M
Base estimate est.
$260.1M
Conservative case
$531.7M
Upside case
$407.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Series A · modeled $317.8M · 2020-06-182020Series B · modeled $575.6M · 2020-10-15Series D+ · modeled $3.1B · 2021-07-23Series D+ · modeled $2.9B · 2021-07-23Series D+ · modeled $421.6M · 2025-05-072025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
80%
Survival probability
64% low · 88% high
1.25×/yr
Annual markup
1.40×/yr upside case
1.1 yr
Elapsed time used
1.1 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$49.8M/yr
Capital velocity
6.0 yr
On record since
2020
First round
5
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) 55× above median
This company$243.2M
Sector median$4.5M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.4× of median
This company$48.8M
Sector median$115.5M
Modeled value — vs sector median (estimate, all stages) 12× above median
This company$421.6M
Sector median$33.8M

Raised more than 98% of sector peers (real $). Modeled value above 92% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #6 of 9.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Ambience Healthcare, Inc. · Series D+ Raised $195.0M · modeled $1.2B (est)Supira Medical, Inc. · Series D+ Raised $220.7M · modeled $1.1B (est)SetPoint Medical Corp · Series D+ Raised $333.7M · modeled $1.0B (est)Kensana Health Inc. · Series D+ Raised $120.0M · modeled $945.0M (est)Imperative Care, Inc. · Series D+ Raised $584.7M · modeled $713.0M (est)Saluda Medical, Inc. · Series D+ Raised $180.0M · modeled $232.4M (est)Outset Medical, Inc. · Series D+ Raised $395.4M · modeled $36.2M (est)Apollo Medical Holdings, Inc. · Series D+ Raised $312.8M · modeled $11.2M (est)Twin Health, Inc. (this company) Raised $243.2M · modeled $421.6M (est)Twin Health, Inc.
CompanyStageRaised · realValue · estvs peer med.
Ambience Healthcare, Inc.Series D+$195.0M$1.2B1.64×
Supira Medical, Inc.Series D+$220.7M$1.1B1.49×
SetPoint Medical CorpSeries D+$333.7M$1.0B1.43×
Kensana Health Inc.Series D+$120.0M$945.0M1.33×
Imperative Care, Inc.Series D+$584.7M$713.0M1.00×
Twin Health, Inc. this companySeries D+$243.2M$421.6M0.59×
Saluda Medical, Inc.Series D+$180.0M$232.4M0.33×
Outset Medical, Inc.Series D+$395.4M$36.2M0.05×
Apollo Medical Holdings, Inc.Series D+$312.8M$11.2M0.02×
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.
Series A$14.1M2020-06-18$64.0M$317.8M90%
Series B$25.5M2020-10-15$141.7M$575.6M90%
Series D+$154.8M2021-07-23$1.3B$3.1B90%
Series D+$140.8M2021-07-23$1.2B$2.9B90%
Series D+$48.8M2025-05-07$407.0M$421.6M90%
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. Series A$14.1M2020-06-18
    • First recorded raise — entered as Series A.
    • 8 investors on this round.
  2. Series B$25.5M2020-10-15
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 9 investors on this round.
  3. Series D+$154.8M2021-07-23
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 6.1× larger than the prior — scaling up.
    • 33 investors on this round.
  4. Series D+$140.8M2021-07-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 33 investors on this round.
  5. Series D+$48.8M2025-05-07
    • Raised again after 45 mo — slower than the ~14 mo sector norm.
    • Round 2.9× smaller than the prior — bridge or down round.
    • 7 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~15mo cadence
$48.8M
Modeled next size est.range $48.8M$78.1M
0.3×
Last step-up
$49.8M/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
Kevin Johnson11 other2025-05
Bruce Dunlevie6 other2020-06
Mohit Bhatnagar4 other2020-06
Toby Cosgrove3 other2025-05
Caroline Xie2 other2021-07
Eric Carlson2 other2020-06
Jahangir Mohammed2 other2020-06
Delos Cosgrove1 other2021-07
Garrick Bernstein2021-07
Jennifer Bealer2025-05
Ravi Lambah2025-05
Registry & provenance

Twin Health, 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
1816525
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
Acutus Medical, Inc.HealthtechSeries D+$296.3M$69.0Mnetwork1 shared operator · same sector · same stage
Saluda Medical, Inc.HealthtechSeries D+$180.0M$232.4Msame sector · same stage
Rambus IncOther TechnologySeries D+$288.6M$2.8Bnetwork1 shared operator · same stage
Jasper Wireless IncOtherSeries C$151.2M$857.3Mnetwork2 shared operators
Juniper Networks IncTelecommunicationsSeries D+$163.6M$78.1Mnetwork1 shared operator · same stage
Imperative Care, Inc.HealthtechSeries D+$584.7M$713.0Msame sector · same stage
Freshworks Inc.Other TechnologySeries D+$439.6M$7.9Bnetwork1 shared operator · same stage
Nayya Health, Inc.HealthtechSeries A$15.0M$183.1Mnetwork1 shared operator · same sector
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
Twine Health, Inc.HealthtechPre-Seed$25.9M98%
TwinStrand Biosciences, Inc.Biotech / PharmaSeries C$132.4M87%
Healthe, Inc.HealthtechSeries B$465.2M87%
Tad Health Inc.HealthtechSeries A$32.5M87%
Twentyeight Health, Inc.HealthtechSeries B$116.7M87%
Health & Technologies IncHealthtechPre-Seed$7.5M86%
Eden Health, Inc.HealthtechSeries C$1.3B86%
Modular Medical, Inc.HealthtechSeries A$45.7M86%
Frequently asked
How much funding has Twin Health, Inc. raised?
Twin Health, Inc. has raised approximately $243.2M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Twin Health, Inc.'s estimated valuation?
Provath's modeled valuation for Twin Health, Inc. is approximately $421.6M (modeled range $260.1M–$531.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Twin Health, Inc. at?
Twin Health, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed May 07.
What does Twin Health, Inc. do and where is it based?
Twin Health, Inc. operates in the Healthtech sector, based in MOUNTAIN VIEW.
Explore related

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

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