Diligence memo · auto-generated · as of July 2, 2026
Waystar Holding Corp.
Waystar Holding Corp. has raised $621M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Waystar Holding Corp. operates in Healthtech, based in LEHI. Waystar’s cloud-based software provides end-to-end revenue cycle management solutions to simplify healthcare payments and accelerate financial results.
Sub-sector tags: ai/ml, fintech, healthtech, insurance.
Capital & rounds (filed)filed
Waystar Holding Corp. has raised $621M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $621M on 2025-10-01.
Most recent recorded round closed around 2025-10-01.
Valuation (modeled)modeled
Provath models Waystar Holding Corp. at approximately $6.1B (range $4.6B–$7.0B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Last raise 9 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
Comparablesmixed
Capital scale ranks ahead of 99% of Healthtech peers (2138 compared).
Modeled value ranks above 100% of those peers.
Closest niche peers: Asc Dental Ventures Llc.
Peoplefiled
20 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.