Everly Health Valuation, Funding & Investors

Everly Health is valued at $1.3B as of March 2021.

Last Everly Health valuation

$1.3B

Undisclosed stage · Mar 2021

Last Everly Health funding round

$200M

Undisclosed stage · Mar 2021

Cumulative funding Everly Health raised

$200M

across 1 funding round

Everly Health Overview

About Everly Health

Everly Health, formerly Everlywell, is an Austin, Texas-based digital health company founded in 2015 by Julia Cheek. It provides at-home health testing kits for conditions including thyroid issues, allergies, and food sensitivities, alongside a digital health platform and virtual care offerings, and added FDA-authorized at-home COVID-19 collection kits in 2020. The company has expanded into enterprise partnerships with employers and health plans alongside its consumer testing business.


Founded

2015

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$1.3B (Mar 2021)

Everly Health Valuation

Everly Health is currently valued at $1.3B, based on its undisclosed-stage round in March 2021.

Everly Health valuation by funding round

Everly Health valuation by funding round
DateStageValuation
Mar 2021Undisclosed stage$1.3B

Everly Health Funding History

Everly Health has raised a total of $200M across 1 funding round.

Everly Health funding rounds

Everly Health funding rounds
DateStageRaisedValuationDeal Summary
Mar 2021Undisclosed stage$200M$1.3BEverlywell (now Everly Health), founded in 2015 by Julia Cheek and based in Austin, Texas, provides at-home health testing kits for conditions like thyroid issues, allergies, food sensitivities, and added FDA-authorized COVID-19 home collection kits in 2020, alongside a digital health platform and expanding virtual care offerings. The company had completed a $175 million oversubscribed Series D round in December 2020 led by General Catalyst with participation from BlackRock, The Chernin Group (TCG), Foresite Capital, Greenspring Associates, Lux Capital, Morningside Ventures, Portfolia, and existing investors like Goodwater Capital, Highland Capital Partners, and Next Coast Ventures, valuing the company at $1.3 billion post-money. Proceeds were earmarked for expanding virtual care, scaling testing infrastructure, clinical research, disease management, and growing its position in the at-home testing market. In January 2021, shortly after the Series D, Everlywell raised an additional $75 million from HealthQuest Capital in a venture round that provided liquidity to existing investors while maintaining the $1.3 billion valuation from the prior round. HealthQuest Capital's focus on diagnostics commercialization and connections to hospitals and payers was expected to aid Everlywell's shift toward enterprise operations with employers and health plans. By then, over one million people had used its tests and platform since 2016, with significant growth driven by COVID-19 testing boosting demand for other products. J.P. Morgan acted as placement agent for the Series D, bringing total funding raised to over $250 million including a prior $50 million round in 2019. The company positioned itself to lead in convenient lab testing amid pandemic-highlighted challenges, aiming to integrate rapid testing with virtual care for chronic disease management and clinical trials.

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Acquisitions by Everly Health

Everly Health has acquired 1 company to date.

Last acquisition by Everly Health was on October 21st 2021. Everly Health acquired Natalist for $2.9B.


Latest Acquisitions by Everly Health

Natalist
Description
Natalist is a provider of fertility and pregnancy essentials including prenatal vitamins, tests, and bundles, paired with evidence-based educational resources. Certified 100% plastic neutral via its Mother Earth initiative since August 2020, the brand redesigns products for usability. Launched in August 2019 from Austin, Texas.
HQ CountryUnited States
HQ City
Charleston, SC
Deal Date21 Oct 2021
Valuation$2.9B
EV/Revenue
EV/EBITDA

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Everly Health Competitors

Everly Health competitors include listed companies like Castle Biosciences, CareDx, Veracyte and GRAIL, and private ones like MedGenome and Geneoscopy.

Public and private companies comparable to Everly Health
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Castle BiosciencesUnited StatesUnited StatesPublicly listed$344M($429K)$1.1B2.5x
MedGenomeIndiaBangalorePrivate--$950M-
GeneoscopyUnited StatesSaint Louis, MOPrivate--$630M-
CareDxUnited StatesUnited StatesPublicly listed$380M($10M)$2.8B5.3x
VeracyteUnited StatesUnited StatesPublicly listed$517M$77M$3.3B4.9x
GRAILUnited StatesUnited StatesPublicly listed$147M($407M)$3.6B16.3x

Everly Health Public Comps

Everly Health is still privately-owned, but its public comps include Sansure Biotech, OPKO Health, GoodRx, Teladoc, Azenta, Castle Biosciences, JMDC, Ping An Healthcare, Vazyme Biotech and Talkspace.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sansure Biotech$245M$48M4.2x4.1x21.3x14.6x
OPKO Health$607M($56M)2.2x2.3x(23.3x)(11.2x)
GoodRx$797M$173M1.8x1.8x8.1x5.5x
Teladoc$2.5B$124M0.6x0.6x11.3x5.0x
Azenta$594M$35M2.0x2.0x34.0x20.7x
Castle Biosciences$344M($429K)2.6x2.5x(2082.6x)44.9x
JMDC$324M$88M5.0x4.6x18.4x17.9x
Ping An Healthcare$815M$52M0.9x0.9x13.4x16.9x

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Common questions about Everly Health

When was Everly Health founded?Everly Health was founded in 2015.
Where is Everly Health headquartered?Everly Health is headquartered in United States.
Is Everly Health publicly listed?No, Everly Health is a private company.
What is Everly Health's valuation?Everly Health was last valued at $1.3B in its undisclosed-stage round in March 2021.
How much funding has Everly Health raised?Everly Health has raised $200M across 1 funding round.
What was Everly Health's last funding round?Everly Health's last funding round was a $200M undisclosed-stage round in March 2021.
Which companies are comparable to Everly Health?Companies comparable to Everly Health include Castle Biosciences, MedGenome, Geneoscopy, CareDx, Veracyte and GRAIL.
How many companies has Everly Health acquired?Everly Health has acquired 1 company, including Natalist.
What was the largest acquisition by Everly Health?The $2.9B acquisition of Natalist in October 2021 is the largest acquisition Everly Health has made to date.

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