- Companies
- Happy Health
Happy Health Valuation, Funding & Investors
Happy Health is valued at $48M as of August 2026.
Last Happy Health valuation
$48M
Undisclosed stage · Aug 2026
Last Happy Health funding round
$75M
Undisclosed stage · Aug 2026
Cumulative funding Happy Health raised
$135M
across 2 funding rounds
Key investors in Happy Health
ARCH Venture Partners
OpenLoop Health
About Happy Health
Happy Health is a technology company developing wearables for mental health monitoring. Its flagship Happy Ring tracks stress and mood continuously around the clock using biosensors. The San Francisco-based firm advances mental wellness through data insights accessible via happyring.com.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$48M (Aug 2026)
Sectors
Happy Health Valuation
Happy Health is currently valued at $48M, based on its undisclosed-stage round in August 2026.
The $75M round was led by ARCH Venture Partners and OpenLoop Health.
Happy Health valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2026 | Undisclosed stage | $48M |
Happy Health Funding History
Happy Health has raised a total of $135M across 2 funding rounds.
Happy Health's first fundraising round was a $60M Series A in August 2022. The most recent completed round was a $75M undisclosed-stage round in August 2026.
Happy Health funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Undisclosed stage | ARCH Venture Partners (lead); OpenLoop Health (lead) | $75M | $48M | Happy Health raised $75 million in an August 2026 financing round led by ARCH Venture Partners and OpenLoop to expand its at-home monitoring platform and accelerate the clinical validation and commercialization of its Happy Ring device for sleep apnea diagnosis and broader home-based care. The capital is intended to help the company move beyond its initial focus on obstructive sleep apnea, build out infrastructure for additional use cases, and support expansion of its continuous care platform. The company said the ring combines FDA-cleared multi-night sleep testing with virtual care, and the round followed earlier milestone progress including manufacturing, clinical validation, and FDA clearance. Happy Health is an Austin-based digital health company founded by physician Dustin Freckleton. Its platform focuses on continuous home-based care through wearable monitoring and related analytics, with the company positioning sleep as an entry point into broader physiological monitoring and care delivery. |
| Aug 2022 | Series A | ARCH Venture Partners (lead) | $60M | - | Happy Health emerged from stealth in August 2022 with a $60 million Series A funding round led by ARCH Venture Partners, with participation from investors including Tinder co-founder Sean Rad. The Austin-based startup developed the Happy Ring, a wearable device described as a modern mood ring that monitors stress levels on a scale of 0-100 and provides de-stressing suggestions like meditation or breathing exercises. This funding aimed to accelerate growth for the young company focused on mental health and wellness technology. ARCH Venture Partners, a Chicago-based venture capital firm specializing in early-stage life sciences and technology investments, led the round, consistent with their strategy of deploying substantial capital in healthtech and biotech innovations. Their portfolio includes companies like Homeward Health, which received a $50 million Series B, highlighting their focus on transformative healthcare solutions. Happy Health fits within ARCH's emphasis on groundbreaking technologies addressing significant medical challenges. |
Who has invested in Happy Health?
2 investors have backed Happy Health across its funding rounds, including ARCH Venture Partners and OpenLoop Health.
Lead investors include ARCH Venture Partners and OpenLoop Health.
Happy Health Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Happy 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 TrialHappy Health Competitors
Happy Health competitors include listed companies like Mobvoi and Zepp Health, and private ones like Hilo, Waylens, Embr Labs and Healbe.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $48M | - | ||
| Private | - | - | $48M | - | ||
| Private | - | - | $49M | - | ||
| Private | - | - | $46M | - | ||
| Publicly listed | $48M | ($10M) | $62M | - | ||
| Publicly listed | $259M | ($27M) | $65M | 0.8x |
Happy Health Public Comps
Happy Health is still privately-owned, but its public comps include Mobvoi, Zepp Health, Tobii, AMA Corp, Lucyd, Moadata, HitIQ, Wearable Devices, Xplora and Mitac Digital Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $48M | ($10M) | 0.8x | - | (3.9x) | - | |||
| $259M | ($27M) | 0.9x | 0.8x | (9.0x) | (29.3x) | |||
| $85M | - | 0.9x | 1.1x | - | 3.8x | |||
| $2M | ($6M) | 4.6x | - | (1.8x) | - | |||
| $3M | ($7M) | 1.5x | 1.5x | (0.5x) | (0.5x) | |||
| $17M | ($8M) | 2.6x | - | (5.5x) | - | |||
| $479K | ($4M) | 17.0x | - | (2.0x) | - | |||
| $647K | ($8M) | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Happy Health competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Happy Health
| When was Happy Health founded? | Happy Health was founded in 2019. |
| Where is Happy Health headquartered? | Happy Health is headquartered in Austin, TX, United States. |
| Is Happy Health publicly listed? | No, Happy Health is a private, VC-backed company. |
| What is Happy Health's valuation? | Happy Health was last valued at $48M in its undisclosed-stage round in August 2026. |
| How much funding has Happy Health raised? | Happy Health has raised $135M across 2 funding rounds. |
| What was Happy Health's last funding round? | Happy Health's last funding round was a $75M undisclosed-stage round in August 2026, led by ARCH Venture Partners and OpenLoop Health. |
| Who are Happy Health's investors? | Happy Health's investors include ARCH Venture Partners and OpenLoop Health. |
| Which companies are comparable to Happy Health? | Companies comparable to Happy Health include Hilo, Waylens, Embr Labs, Healbe, Mobvoi and Zepp Health. |
See companies similar to Happy Health
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




