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

Garner Health Overview

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

United StatesNew York City, NY

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
Garner Health valuation by funding round
DateStageValuationRevenue Multiple
May 2026Series E$2.7B13.7x
Feb 2026Series 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

Garner Health revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
May 2026$200M$2.7B13.7xSeries 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

Garner Health funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2026Series EIndex Ventures (lead); Redpoint; Kaiser Permanente Ventures; Kleiner Perkins; Sequoia Capital; Founders Fund; Thrive Capital$100M$2.7BGarner 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 2026Series DKleiner Perkins (lead); Redpoint; Plus Capital; Kaiser Permanente Ventures; Mercy; Maverick Ventures$118M$1.4BGarner 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 2021Series BRedpoint (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 2021Series AFounders 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 2020SeedSV 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

Investors in Garner Health by funding rounds participated
InvestorHQRoundsRoleFirst check
RedpointUnited StatesSan Francisco, CA3LeadDec 2021
Founders FundUnited StatesSan Francisco, CA3LeadFeb 2021
Thrive CapitalUnited StatesNew York City, NY3ParticipantFeb 2021
Kaiser Permanente VenturesUnited StatesSan Francisco, CA2ParticipantFeb 2026
Kleiner PerkinsUnited StatesSan Francisco, CA2LeadFeb 2026
Maverick VenturesUnited StatesUnited States2ParticipantFeb 2021
Index VenturesUnited KingdomLondon1LeadMay 2026
Plus CapitalUnited StatesLos Angeles, CA1ParticipantFeb 2026
Adam OkunUnited StatesNew York City, NY1ParticipantFeb 2021
SV AngelUnited StatesSan Francisco, CA1ParticipantJan 2020
BoxGroupUnited StatesNew York City, NY1ParticipantFeb 2021
MercyUnited StatesSaint Louis, MO1ParticipantFeb 2026
CoFound PartnersUnited StatesNew York City, NY1ParticipantFeb 2021

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Garner 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.

Public and private companies comparable to Garner Health
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Clover HealthUnited StatesUnited StatesPublicly listed$1.9B($84M)$2.4B0.8x
Thyme CareUnited StatesNashville, TNPrivate--$2B-
Main Street HealthUnited StatesUnited StatesPrivate--$1.5B-
MediTrust HealthChinaShanghaiPrivate$154M-$1.4B9.3x
Grand RoundsUnited StatesSan Francisco, CAPrivate--$1.3B-
Molina HealthcareUnited StatesUnited StatesPublicly listed$45B$976M$11B0.1x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Clover Health$1.9B($84M)1.1x0.8x(25.8x)34.1x
Pluxee$1.5B$500M----
Progyny$1.3B$90M1.4x1.4x20.6x8.0x
Alignment Healthcare$3.9B$45M0.4x0.3x31.6x10.0x
GoodRx$797M$173M1.8x1.8x8.1x5.5x
Benefit Systems$1.2B$370M4.3x3.6x13.9x12.1x
Eurowag$2.7B$119M0.5x3.0x10.3x7.5x
Hapvida$6.1B$787M0.3x0.3x2.7x4.0x

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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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