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- Eko Health
Eko Health Valuation, Funding & Investors
Eko Health is valued at $395M as of March 2022.
Last Eko Health valuation
$395M
Series C · Mar 2022
Last Eko Health funding round
$41M
Series D · Jun 2024
Cumulative funding Eko Health raised
$168M
across 8 funding rounds
Key investors in Eko Health
Artis Ventures
DigiTx Partners
NTT Venture Capital
FOUNDER.org
Highland Capital Partners
Mayo Clinic
About Eko Health
Eko Health is an Emeryville-headquartered digital health firm developing FDA-cleared stethoscopes, telehealth software, and AI algorithms for cardiac and pulmonary disease detection. Its devices, like the CORE 500 and DUO ECG, integrate with electronic health records and are deployed in clinics, hospitals, and telemedicine across the United States and Europe, backed by partnerships with Mayo Clinic and Sutter Health.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$395M (Mar 2022)
Eko Health Valuation
Eko Health is currently valued at $395M, based on its Series C in March 2022.
The $30M round was led by Morningside and PROOF.
Eko Health valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2022 | Series C | $395M |
Eko Health Funding History
Eko Health has raised a total of $168M across 8 funding rounds.
Eko Health's first fundraising round was a $800K seed round in January 2014. The most recent completed round was a $41M Series D in June 2024.
Eko Health funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2024 | Series D | NTT Venture Capital; Highland Capital Partners; Artis Ventures; What If Ventures; Questa Capital Management | $41M | - | Eko Health is a digital health company founded in 2013 by Connor Landgraf, Jason Bellet, and Tyler Crouch, headquartered in Emeryville, California. It develops digital stethoscopes integrated with AI algorithms for early detection of heart and lung diseases, including FDA-cleared tools for structural heart murmurs, low ejection fraction, and atrial fibrillation. The platform shifts from device sales to a subscription model focused on AI analysis, trusted by over 500,000 healthcare professionals worldwide. On June 5, 2024, Eko Health raised $41 million in a Series D funding round with participation from Artis Ventures, Highland Capital Partners, NTT Venture Capital (NTTVC), Questa Capital Management, and strategic investors including Double Point Ventures, EDBI (Singapore Economic Development Board), and LG Technology Ventures. This round brings total funding to approximately $165-169 million, following a $65 million Series C in 2020. What If Ventures is not explicitly listed in announcements but matches the query investors. Proceeds will expand U.S. market presence, accelerate international growth into Europe, the Middle East, Singapore, and other regions, train AI for pulmonary conditions like asthma and pneumonia, and support sales of devices and software. CEO Connor Landgraf stated intentions to reach cash-flow positivity, potentially making this the final round. Recent milestones include FDA clearances bolstering clinical validation. Eko positions itself like 'Shazam for heart disease,' aiming to make expert-level cardiac and pulmonary detection universally accessible via the largest install base of AI-enabled cardiology devices. The funding aligns with venture interest in AI-driven virtual care for heart conditions, enabling providers to detect abnormalities faster during routine exams. |
| Mar 2022 | Series C | Morningside (lead); PROOF (lead) | $30M | $395M | Eko Health is a digital health company headquartered in Emeryville or Oakland, California, specializing in AI-powered platforms for early detection of heart and lung diseases, including FDA-cleared algorithms for structural heart murmurs and low ejection fraction detection validated in studies with Massachusetts General Hospital, Mayo Clinic, and Imperial College London. On March 22, 2022, Eko Health raised $30 million in a Series C-1 (or Series C - II) funding round led by Morningside Technology Ventures and Proof, achieving a post-money valuation of $395.32 million based on company-submitted Certificates of Incorporation, with a price per share of $3.07 and 9,779,631 shares outstanding. This round contributed to the company's total funding, which later exceeded $165 million by June 2024 and reached $327.66 million overall across multiple rounds. Subsequent developments include a $41 million Series D round on June 5, 2024, led by ARTIS Ventures and Highland Capital Partners with participation from Double Point Ventures, EDBI, LG Technology Ventures, NTTVC, and Questa Capital, bringing total raised to around $168-327 million from over 20 investors including Mayo Clinic and Sutter Health; the Series D valued the company at $271.32 million post-money. Eko focuses on expanding U.S. and global access to its SENSORA Cardiac Disease Detection Platform to reduce diagnostic bottlenecks and improve patient outcomes in primary care and clinics. |
| Nov 2020 | Series C | Highland Capital Partners (lead); Questa Capital Management (lead); DigiTx Partners; NTT Venture Capital; 3M New Ventures; Longevity Vision Fund; Artis Ventures; Sand Hill Angels | $65M | - | Eko Health is a cardiopulmonary digital health company developing AI-powered telehealth platforms, digital stethoscopes, and software for detecting and monitoring heart and lung diseases, including FDA-cleared tools for identifying heart murmurs, atrial fibrillation, and enabling live-streaming of heart/lung sounds and single-lead ECG during virtual visits. The $65 million Series C funding round was announced around November 9, 2020, led by Highland Capital Partners and Questa Capital Management, with participation from Artis Ventures, DigiTx Partners, NTT Venture Capital, 3M New Ventures, and other new and existing investors. This round followed a Series B of $20 million in September 2019 and a $4 million funding round in January 2020, contributing to the company's total funding exceeding $100 million at the time. The proceeds from the Series C were allocated to expand in-clinic adoption of Eko's telehealth and AI algorithms for disease screening and to launch a home monitoring program for cardiopulmonary patients, addressing the rising demand for virtual cardiac and pulmonary care amid rapid expansion to thousands of hospitals and healthcare facilities. Subsequent rounds included a Series C extension of $30 million in March 2022 and a Series D of $41 million in June 2024, bringing total funding to over $168 million from 23 investors including Mayo Clinic, Sutter Health, and Morningside Technology Ventures. Eko Health, founded in 2013 and headquartered in Emeryville, California, operates in the medical devices and AI healthcare sector, competing in early detection and patient care technologies with a B2B model and over 650,000 devices sold globally to clinicians. |
| Jan 2020 | Seed | EDBI (lead); Peak XV Partners (lead); SGInnovate; Partech | $4M | - | - |
| Sep 2019 | Series B | Artis Ventures (lead); DigiTx Partners; NTT Venture Capital; Nikita Bier; Seraph Group; XTX Ventures; Mayo Clinic | $20M | - | Eko Health is a Silicon Valley-based digital health company developing AI-powered machine learning tools and electronic stethoscopes for cardiac screening, analysis, and early detection of heart disease, including conditions like atrial fibrillation, valvular heart disease, congestive heart failure, and structural heart disease. The company collaborates with leading healthcare providers such as Mayo Clinic, Northwestern Medicine, and UCSF to build robust datasets and algorithms, and partners with medical device and pharmaceutical companies to personalize cardiac care. On September 25, 2019, Eko Health closed a $20 million Series B funding round led by ARTIS Ventures, with participation from new and returning investors including DigiTx Partners, NTT Venture Capital (NTTVC), 3M Ventures, Mayo Clinic, Seraph Group, and XTX Ventures. The funding was intended to drive further research, development, and commercialization of Eko's machine learning platform for cardiac applications. Eko positions its technology as transformative for cardiac care by enabling clinicians to predict and diagnose with greater accuracy using sound-based AI analysis. The company emphasizes clinical research and collaborations to validate its algorithms, aiming to address the urgent need for improved screening and monitoring amid widespread heart disease. At the time, Eko had previously raised $5 million in a Series A round in 2018, also led by ARTIS Ventures. Post-2019, Eko continued raising capital, including a $65 million Series C in 2020 led by Highland Capital Partners and Questa Capital, a $30 million Series C extension in 2022, and a $41 million Series D in June 2024 with participation from ARTIS Ventures, Highland Capital Partners, NTTVC, Questa Capital, and others. Recent milestones include FDA clearances for murmur and low ejection fraction detection algorithms, validated in studies like one at Massachusetts General Hospital. |
| Mar 2018 | Series A | Artis Ventures (lead); DigiTx Partners; Dreamit Ventures; FOUNDER.org; Sutter Health; Mayo Clinic | $5M | - | Eko Health raised $5 million in a funding round in March 2018 from investors including Artis Ventures. Artis Ventures led this early-stage round, which also involved DigiTx Partners, Dreamit Ventures, FOUNDER.org, Mayo Clinic, and Sutter Health. |
| Mar 2015 | Seed | SGH CAPITAL; 10x Group; The House Fund; FOUNDER.org; Michael Baum; StartX (Stanford-StartX Fund) | $2M | - | - |
| Jan 2014 | Seed | FOUNDER.org; Lifeforce Capital; better ventures | $800K | - | - |
Who has invested in Eko Health?
29 investors have backed Eko Health across its funding rounds, including Artis Ventures, DigiTx Partners, NTT Venture Capital, FOUNDER.org, Highland Capital Partners and Mayo Clinic.
Lead investors include Morningside, PROOF, Highland Capital Partners, Questa Capital Management, EDBI and 2 other investors.
Eko Health Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Mar 2018 | ||
| 3 | Participant | Mar 2018 | ||
| 3 | Participant | Sep 2019 | ||
| 3 | Participant | Jan 2014 | ||
| 2 | Lead | Nov 2020 | ||
| 2 | Participant | Mar 2018 | ||
| 2 | Lead | Nov 2020 | ||
| 1 | Lead | Mar 2022 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Participant | Nov 2020 | ||
| 1 | Participant | Mar 2018 | ||
| 1 | Participant | Jan 2020 | ||
This data is available for Pro users. Sign up to see all 29 Eko Health investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialEko Health Competitors
Eko Health competitors include listed companies like Nanjing Medlander Medical and Orchestra BioMed, and private ones like TytoCare, BioIntelliSense, KAKEHASHI and Healthie.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $400M | - | ||
| Private | - | - | $350M | - | ||
| Private | - | - | $293M | - | ||
| Private | - | - | $273M | - | ||
| Publicly listed | $64M | $20M | $418M | - | ||
| Publicly listed | $33M | ($51M) | $347M | 28.8x |
Eko Health Public Comps
Eko Health is still privately-owned, but its public comps include Myriad Genetics, CellaVision, NIOX Group, Nanjing Medlander Medical, ClearPoint Neuro, Carlsmed, Shoulder Innovations, Carvolix, Sofwave Medical and Mobia Medical.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $825M | ($332M) | 0.6x | 0.6x | (1.5x) | (16.8x) | |||
| $77M | $24M | 5.0x | 4.8x | 16.2x | 15.9x | |||
| $65M | $20M | 5.3x | 5.2x | 17.4x | 15.1x | |||
| $64M | $20M | 4.9x | - | 15.8x | - | |||
| $37M | ($22M) | 12.3x | 10.0x | (20.6x) | (20.7x) | |||
| $51M | ($31M) | 7.0x | 5.1x | (11.5x) | (10.2x) | |||
| $47M | ($37M) | 6.1x | 4.6x | (7.7x) | (8.5x) | |||
| $5M | ($14M) | 93.1x | 246.4x | (32.0x) | (15.6x) | |||
This data is available for Pro users. Sign up to see all Eko Health competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Eko Health
| When was Eko Health founded? | Eko Health was founded in 2013. |
| Where is Eko Health headquartered? | Eko Health is headquartered in San Francisco, CA, United States. |
| Is Eko Health publicly listed? | No, Eko Health is a private, VC-backed company. |
| What is Eko Health's valuation? | Eko Health was last valued at $395M in its Series C in March 2022. |
| How much funding has Eko Health raised? | Eko Health has raised $168M across 8 funding rounds. |
| What was Eko Health's last funding round? | Eko Health's last funding round was a $41M Series D in June 2024. |
| Who are Eko Health's investors? | Eko Health's investors include Artis Ventures, DigiTx Partners, NTT Venture Capital, FOUNDER.org, Highland Capital Partners, Mayo Clinic, Questa Capital Management, PROOF, SGH CAPITAL, 10x Group and 19 others. |
| Which companies are comparable to Eko Health? | Companies comparable to Eko Health include TytoCare, BioIntelliSense, KAKEHASHI, Healthie, Nanjing Medlander Medical and Orchestra BioMed. |
See companies similar to Eko Health
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