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- Garner Health
Garner Health Revenue, Valuation, Funding & Investors
Garner Health is valued at $2.7B as of May 2026, a 13.7x multiple on its last reported $200M revenue.
Last Garner Health valuation
$2.7B
Series E · May 2026
Last Garner Health funding round
$100M
Series E · May 2026
Garner Health revenue
$200M
Series E · May 2026
Key investors in Garner Health
Founders Fund
Redpoint
Thrive Capital
Kleiner Perkins
Maverick Ventures
Kaiser Permanente Ventures
About Garner Health
Garner Health is a New York-headquartered healthcare technology company delivering bundled payment solutions to employers. The platform facilitates direct access to high-quality physicians at reduced costs, improving employee care experiences nationwide. Garner partners with self-insured employers to manage medical spend through transparent pricing models for procedures like orthopedics, cardiology, and radiology. Launched in 2018, it processes claims across multiple states, emphasizing compliance and data analytics for healthcare savings.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Revenue
$200M (May 2026)
Valuation
$2.7B (May 2026)
Garner Health Valuation
Garner Health is currently valued at $2.7B, based on its Series E in May 2026.
The $100M round was led by Index Ventures, with participation from Redpoint, Kaiser Permanente Ventures, Kleiner Perkins, Sequoia Capital, Founders Fund and 1 other investor.
Garner Health's valuation has grown 2.0x from $1.4B at its Series D in February 2026 to $2.7B in May 2026, across 2 priced rounds.
Garner Health valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2026 | Series E | $2.7B | 13.7x |
| Feb 2026 | Series D | $1.4B | - |
Garner Health Revenue
Garner Health's latest recorded revenue is $200M, as of its Series E in May 2026. At a $2.7B valuation, that implies a 13.7x revenue multiple.
Garner Health revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2026 | $200M | $2.7B | 13.7x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Garner Health Funding History
Garner Health has raised a total of $279M across 5 funding rounds.
Garner Health's first fundraising round was a $4M seed round in January 2020. The most recent completed round was a $100M Series E in May 2026.
Garner Health funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Series E | Index Ventures (lead); Redpoint; Kaiser Permanente Ventures; Kleiner Perkins; Sequoia Capital; Founders Fund; Thrive Capital | $100M | $2.7B | Garner Health raised a $100 million Series E in May 2026, led by Index Ventures with participation from existing investors including Kleiner Perkins, Redpoint, Thrive, Sequoia, Founders Fund, and Kaiser Permanente Ventures. The round valued the company at $2.74 billion post-money. The new capital is intended to expand Garner’s provider quality platform and accelerate AI-powered product innovation, supporting its care-navigation model that helps patients find higher-quality healthcare providers using data-driven incentives. Public reporting says the company had previously raised about $300 million in total equity funding after this round, though the disclosed total can vary across sources depending on whether earlier rounds and recent funding are fully counted. Garner Health is a digital healthcare platform founded in 2019 by Nick Reber and focused on helping employers and members steer care toward high-performing providers. Reported sources describe it as a care-navigation company serving patients through provider quality analytics and incentive-based selection tools. |
| Feb 2026 | Series D | Kleiner Perkins (lead); Redpoint; Plus Capital; Kaiser Permanente Ventures; Mercy; Maverick Ventures | $118M | $1.4B | Garner Health is a digital healthcare platform that helps patients identify top-performing providers using a proprietary ranking engine based on one of the nation's largest medical datasets covering over 320 million patient records. The platform incentivizes use of high-quality doctors by having employers cover out-of-pocket costs like deductibles and co-pays, resulting in employees paying 80% less and employers achieving an average 12% reduction in total healthcare spend in the first year. Garner serves over 2.5 million members across more than 700 clients, including Kaiser, Volkswagen, and Advanced Auto Parts. On February 10, 2026, Garner Health announced a $118 million Series D funding round led by Kleiner Perkins, with participation from Redpoint, Maverick, Kaiser Permanente Ventures, Mercy, Plus Capital, and other existing investors, bringing total capital raised to approximately $200 million. The round valued the company at $1.35 billion post-money. Funds will scale the provider-ranking engine, AI-driven navigation and appointment booking capabilities, and team growth to meet demand from a rapidly expanding customer base. The investment reflects Garner's explosive growth, with revenue increasing over 130% year-over-year amid employer demand for alternatives to traditional provider search tools. The model addresses U.S. healthcare inefficiencies by combining transparent physician quality data with financial incentives, driving employee engagement and cost savings. Kleiner Perkins highlighted Garner's 'double win' of improved quality and reduced costs at scale. |
| Dec 2021 | Series B | Redpoint (lead); Founders Fund; Thrive Capital; Optum Ventures | $45M | - | Garner Health, a healthcare data company, guides patients to top-performing doctors using objective quality data and empowers providers to improve care. It integrates with employers' existing health plans to reduce costs and out-of-pocket expenses. On December 14, 2021, Garner announced a $45 million Series B round led by Redpoint Ventures, with participation from Founders Fund, Thrive Capital, and Optum Ventures, bringing total funding to over $65 million including prior investments from Sequoia Capital and Maverick Ventures. The round followed a Series A 10 months earlier, driven by rapid expansion to 100 companies across 47 states and strong traction metrics: average 10% savings on health benefit costs for employers, 43% employee engagement in the first year, and over 40% employee usage of the doctor-finding tool. Garner positions itself to address rising healthcare costs by directing patients to high-quality, efficient providers, using savings to offset employee expenses. CEO Nick Reber highlighted these results in securing investor interest. At the time, Garner offered services for both patients and providers, with the latter in early pilots with large primary care groups and hospital systems to provide performance insights and aid referrals. The company targeted expansion, especially among small to mid-size employers underserved by advanced benefits solutions. |
| Feb 2021 | Series A | Founders Fund (lead); Adam Okun; BoxGroup; CoFound Partners; Maverick Ventures; Thrive Capital | $13M | - | Garner Health raised $12.5 million in Series A funding and $4.5 million in seed funding prior to 2021, with total funding reaching $65 million after a $45 million Series B in December 2021 led by Redpoint Ventures with participation from Founders Fund, Thrive Capital, and Optum Ventures. The Series B brought cumulative capital to over $65 million, including prior investments from Sequoia Capital and Maverick Ventures. Garner Health is a healthcare data company that guides patients to high-performing doctors using data science and financial incentives, helping employers save an average of 10% on health benefit costs. |
| Jan 2020 | Seed | SV Angel | $4M | - | - |
Who has invested in Garner Health?
15 investors have backed Garner Health across its funding rounds, including Founders Fund, Redpoint, Thrive Capital, Kleiner Perkins, Maverick Ventures and Kaiser Permanente Ventures.
Lead investors include Index Ventures, Kleiner Perkins, Redpoint and Founders Fund.
Garner Health Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Dec 2021 | ||
| 3 | Lead | Feb 2021 | ||
| 3 | Participant | Feb 2021 | ||
| 2 | Participant | Feb 2026 | ||
| 2 | Lead | Feb 2026 | ||
| 2 | Participant | Feb 2021 | ||
| 1 | Lead | May 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | Jan 2020 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2021 | ||
This data is available for Pro users. Sign up to see all 15 Garner Health investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialGarner Health Competitors
Garner Health competitors include listed companies like Clover Health and Molina Healthcare, and private ones like Thyme Care, Main Street Health, MediTrust Health and Grand Rounds.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.9B | ($84M) | $2.4B | 0.8x | ||
| Private | - | - | $2B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | $154M | - | $1.4B | 9.3x | ||
| Private | - | - | $1.3B | - | ||
| Publicly listed | $45B | $976M | $11B | 0.1x |
Garner Health Public Comps
Garner Health is still privately-owned, but its public comps include Clover Health, Pluxee, Progyny, Alignment Healthcare, GoodRx, Benefit Systems, Eurowag, Hapvida, Evolent Health and WEX.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.9B | ($84M) | 1.1x | 0.8x | (25.8x) | 34.1x | |||
| $1.5B | $500M | - | - | - | - | |||
| $1.3B | $90M | 1.4x | 1.4x | 20.6x | 8.0x | |||
| $3.9B | $45M | 0.4x | 0.3x | 31.6x | 10.0x | |||
| $797M | $173M | 1.8x | 1.8x | 8.1x | 5.5x | |||
| $1.2B | $370M | 4.3x | 3.6x | 13.9x | 12.1x | |||
| $2.7B | $119M | 0.5x | 3.0x | 10.3x | 7.5x | |||
| $6.1B | $787M | 0.3x | 0.3x | 2.7x | 4.0x | |||
This data is available for Pro users. Sign up to see all Garner Health competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Garner Health
| When was Garner Health founded? | Garner Health was founded in 2019. |
| Where is Garner Health headquartered? | Garner Health is headquartered in New York City, NY, United States. |
| Is Garner Health publicly listed? | No, Garner Health is a private, VC-backed company. |
| What is Garner Health's valuation? | Garner Health was last valued at $2.7B in its Series E in May 2026. |
| How much funding has Garner Health raised? | Garner Health has raised $279M across 5 funding rounds. |
| What was Garner Health's last funding round? | Garner Health's last funding round was a $100M Series E in May 2026, led by Index Ventures. |
| Who are Garner Health's investors? | Garner Health's investors include Redpoint, Founders Fund, Thrive Capital, Kaiser Permanente Ventures, Kleiner Perkins, Maverick Ventures, Index Ventures, Plus Capital, Adam Okun, SV Angel and 5 others. |
| What is Garner Health's revenue? | Garner Health's latest recorded revenue is $200M (May 2026). |
| What is Garner Health's revenue multiple? | Garner Health's latest valuation implies a 13.7x revenue multiple ($2.7B valuation on $200M of revenue). |
| Which companies are comparable to Garner Health? | Companies comparable to Garner Health include Clover Health, Thyme Care, Main Street Health, MediTrust Health, Grand Rounds and Molina Healthcare. |
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