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- Komodo Health
Komodo Health Revenue, Valuation, Funding & Investors
Komodo Health is valued at $3.3B as of December 2022, a 22.0x multiple on its last reported $150M revenue.
Last Komodo Health valuation
$3.3B
Undisclosed stage · Dec 2022
Last Komodo Health funding round
$200M
Undisclosed stage · Dec 2022
Komodo Health revenue
$150M
Undisclosed stage · Dec 2022
Key investors in Komodo Health
Andreessen Horowitz
ICONIQ Capital
Tiger Global
Felicis
Coatue
Casdin Capital
About Komodo Health
Komodo Health is a San Francisco-headquartered platform that maps over 500 million patient journeys by integrating claims, clinical, and pharmacy data sources into its Healthcare Map. The system leverages AI and data science to deliver real-world evidence and market insights for life sciences companies, healthcare payers, and providers. Since its founding in 2014, it serves more than 1,500 life sciences organizations including major pharmaceutical firms in therapy development and commercialization. The company maintains a presence across the United States with additional offices in New York and Boston.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$150M (Dec 2022)
Valuation
$3.3B (Dec 2022)
Komodo Health Valuation
Komodo Health is currently valued at $3.3B, based on its undisclosed-stage round in December 2022.
The $200M round was led by Coatue, with participation from Dragoneer.
Komodo Health's valuation has moved from $3.3B at its Series D in January 2021 to $3.3B in December 2022, across 3 priced rounds.
Komodo Health valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2022 | Undisclosed stage | $3.3B | 22.0x |
| Mar 2021 | Series E | $3.3B | 16.5x |
| Jan 2021 | Series D | $3.3B | 22.0x |
Komodo Health Revenue
Komodo Health's latest recorded revenue is $150M, as of its undisclosed-stage round in December 2022. At a $3.3B valuation, that implies a 22.0x revenue multiple.
Revenue moved from $150M in January 2021 to $150M in December 2022, while the revenue multiple moved from 22.0x to 22.0x.
Komodo Health revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2022 | $150M | $3.3B | 22.0x | Undisclosed stage |
| Mar 2021 | $200M | $3.3B | 16.5x | Series E |
| Jan 2021 | $150M | $3.3B | 22.0x | Series D |
* 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.
Komodo Health Funding History
Komodo Health has raised a total of $514M across 4 funding rounds.
Komodo Health's first fundraising round was a $50M Series C in January 2020. The most recent completed round was a $200M undisclosed-stage round in December 2022.
Komodo Health funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2022 | Undisclosed stage | Coatue (lead); Dragoneer | $200M | $3.3B | Komodo Health is a San Francisco-based health data startup that provides comprehensive patient journey data and advanced software solutions for the healthcare industry. The company's platform, including products such as Healthcare Map and MapView, leverages AI and data science to deliver de-identified, patient-level insights that improve decision-making across life sciences, health plans, and healthcare providers. The company boasts that its map currently represents the industry's largest and most representative repository of connected healthcare insights. In November 2022, Komodo Health secured a structured equity infusion of $200 million led by Coatue Management with Dragoneer Investment Group contributing. The company had previously raised $314 million across earlier rounds, including a $220 million Series E in March 2021 that valued the company at $3.3 billion. As of March 2022, the company reported an ARR of approximately $150 million and was growing its top line at a rate of more than 50% while maintaining SaaS-like margins, though it was not yet profitable. Following the November 2022 funding, the company announced a 9% workforce reduction and departing CFO to navigate uncertain macroeconomic conditions. The company had previously been considered IPO-ready, with co-founders expressing interest in going public, but delayed those plans citing market conditions. |
| Mar 2021 | Series E | Tiger Global (lead); SVB Capital; ICONIQ Capital; Casdin Capital; Andreessen Horowitz | $220M | $3.3B | Komodo Health is a San Francisco and New York-based healthcare data analytics platform founded in 2014 that integrates de-identified patient data with software solutions to provide healthcare intelligence across the enterprise. The company's core product, the Healthcare Map, leverages artificial intelligence and advanced data analytics to track healthcare encounters for over 325 million de-identified patients, providing what the company describes as the industry's largest and most complete record of real-world patient insights. The platform serves healthcare providers, pharmaceutical companies, and life sciences stakeholders with services designed to close gaps in care, address unmet patient needs, improve patient engagement, and accelerate the path to market for novel therapies. In March 2021, Komodo Health closed a $220 million Series E funding round led by Tiger Global Management, with participation from new investor Casdin Capital and existing backers ICONIQ Growth, Andreessen Horowitz, and Silicon Valley Bank Capital, valuing the company at $3.3 billion post-money. The company planned to deploy the capital to accelerate investment in its Healthcare Map enterprise technology platform, application suite, and core data assets as digital adoption accelerated across healthcare. Prior to this round, Komodo had raised $44 million in a previously undisclosed Series D during 2020 and $50 million in a Series C in January 2020, accumulating over $300 million in total funding by the time of the Series E announcement. |
| Jan 2021 | Series D | ICONIQ Capital | $44M | $3.3B | Komodo Health is a San Francisco-based healthcare analytics platform that aggregates de-identified patient data from payers and providers to track over 325 million patients' journeys through the healthcare system, enabling biopharma, health plans, and providers to analyze real-world outcomes, close care gaps, and accelerate therapies to market using AI and advanced analytics like its Healthcare Map. In March 2021, Komodo Health raised $220 million in a Series E round led by Tiger Global with participation from Casdin Capital (new), Andreessen Horowitz, ICONIQ Growth, and SVB Capital, achieving a post-money valuation exceeding $3.3 billion; funds were allocated to enhance its technology platform, data completeness, and workflow integrations. An unpublicized Series D of $44 million occurred in 2020, with ICONIQ Growth involved, followed by the $50 million Series C in January 2020. The company acquired Mavens in January 2021 to bolster commercialization tools for biotech and rare disease pharma, and Breakaway Partners in July 2021. Later 2022 revenue reached $150 million per one source. Komodo has raised over $515 million total across eight rounds, with subsequent unattributed rounds including $200 million in November 2022 and another in June 2022. It serves major biopharma like Karyopharm for COVID-19 insights and partners with groups like the Cholangiocarcinoma Foundation. The firm competes in a hot analytics market, alongside players like Clarify Health ($115M Series C) and Unite Us ($150M), focusing on patient-centric data to outpace legacy aggregators amid growing investor interest in life sciences tech. |
| Jan 2020 | Series C | Andreessen Horowitz (lead); Felicis; IA Ventures; Oak HC/FT | $50M | - | Komodo Health is a healthcare technology and data analytics platform company founded in 2014, headquartered in San Francisco. The company uses de-identified and cross-linked patient data, proprietary Healthcare Map technology, and AI-powered software to provide real-world data and analytics for life sciences, payers, providers, and healthcare organizations. As of 2020, the company served major biopharmaceutical clients including Johnson & Johnson, Merck, Novo Nordisk, and Pfizer. Komodo Health generated $118.3 million in revenue for the year ended December 31, 2020, representing 38% year-over-year growth from $85.5 million in 2019. The company's most recent disclosed funding milestone was a $220 million Series E round in March 2021 led by Tiger Global Management and Casdin Capital, which valued the company at $3.3 billion post-money. As of December 2025, Komodo Health had raised $514 million cumulatively across multiple funding rounds. By 2022, the company had achieved SaaS-like margins and was growing its annual recurring revenue at more than 50%, with ARR of approximately $150 million, though it was not yet profitable at that time. By 2024, the company's customer base had expanded to include over 200 life sciences and healthcare organizations utilizing its product suite. |
Who has invested in Komodo Health?
10 investors have backed Komodo Health across its funding rounds, including Andreessen Horowitz, ICONIQ Capital, Tiger Global, Felicis, Coatue and Casdin Capital.
Lead investors include Coatue, Tiger Global and Andreessen Horowitz.
Komodo Health Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jan 2021 | ||
| 2 | Lead | Jan 2020 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Jan 2020 | ||
| 1 | Participant | Jan 2020 | ||
| 1 | Participant | Jan 2020 | ||
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Start Free TrialAcquisitions by Komodo Health
Komodo Health has acquired 2 companies to date.
Last acquisition by Komodo Health was on July 26th 2021. Komodo Health acquired Breakaway Partners for undisclosed valuation.
Latest Acquisitions by Komodo Health
| Description | Breakaway Partners is a data intelligence provider unifying pharma sales, operations, and marketing metrics for life sciences firms. It delivers targeting platforms with HCP engagement scores and pull-through analytics. Raleigh-headquartered since 2005, Breakaway Partners equips teams with accurate datasets covering U.S. territories. | Mavens is a Salesforce implementation partner serving the life sciences sector with Force.com and Veeva CRM solutions. It customizes platforms for pharmaceutical and medical device companies to manage commercial operations, compliance, and field activities. Founded in 2007, the Chicago-headquartered firm operates offices across the United States and Europe, supporting global deployments for clients like Pfizer and Johnson & Johnson. |
| HQ Country | ||
| HQ City | Morristown, NJ | Chicago, IL |
| Deal Date | 26 Jul 2021 | 11 Jan 2021 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Komodo Health acquisitions and their M&A valuation multiples. Start Free Trial | ||
Komodo Health Competitors
Komodo Health competitors include listed companies like Tempus AI and GeneDx, and private ones like Hippocratic AI, Black Forest Labs, Certus Core and AfterQuery.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3.5B | - | ||
| Publicly listed | $1.3B | ($131M) | $15B | 10.1x | ||
| Private | $96M | - | $3.3B | 33.9x | ||
| Private | - | - | $3.4B | - | ||
| Private | $100M | - | $3.2B | 32.0x | ||
| Publicly listed | $428M | $7M | $3.1B | 6.8x |
Komodo Health Public Comps
Komodo Health is still privately-owned, but its public comps include GeneDx, XtalPi, CareDx, Privia Health, Clover Health, Affle 3i, Ncino, Haizhi, C3.ai and Presight AI.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $428M | $7M | 7.4x | 6.8x | 477.6x | 183.5x | |||
| $120M | $22M | 24.8x | 21.5x | 134.0x | (141.6x) | |||
| $380M | ($10M) | 6.5x | 5.3x | (249.3x) | 41.0x | |||
| $2.1B | $44M | 1.0x | 0.9x | 50.2x | 15.3x | |||
| $1.9B | ($84M) | 1.1x | 0.8x | (25.8x) | 34.1x | |||
| $282M | $67M | 7.4x | 6.7x | 31.3x | 29.5x | |||
| $595M | $65M | 4.3x | 4.0x | 39.0x | 15.8x | |||
| $93M | ($30M) | 21.5x | 16.3x | (67.1x) | (440.4x) | |||
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Common questions about Komodo Health
| When was Komodo Health founded? | Komodo Health was founded in 2014. |
| Where is Komodo Health headquartered? | Komodo Health is headquartered in San Francisco, CA, United States. |
| Is Komodo Health publicly listed? | No, Komodo Health is a private, VC-backed company. |
| What is Komodo Health's valuation? | Komodo Health was last valued at $3.3B in its undisclosed-stage round in December 2022. |
| How much funding has Komodo Health raised? | Komodo Health has raised $514M across 4 funding rounds. |
| What was Komodo Health's last funding round? | Komodo Health's last funding round was a $200M undisclosed-stage round in December 2022, led by Coatue. |
| Who are Komodo Health's investors? | Komodo Health's investors include ICONIQ Capital, Andreessen Horowitz, Dragoneer, SVB Capital, Casdin Capital, Felicis, IA Ventures, Oak HC/FT, Tiger Global and Coatue. |
| What is Komodo Health's revenue? | Komodo Health's latest recorded revenue is $150M (December 2022). |
| What is Komodo Health's revenue multiple? | Komodo Health's latest valuation implies a 22.0x revenue multiple ($3.3B valuation on $150M of revenue). |
| Which companies are comparable to Komodo Health? | Companies comparable to Komodo Health include Hippocratic AI, Tempus AI, Black Forest Labs, Certus Core, AfterQuery and GeneDx. |
| How many companies has Komodo Health acquired? | Komodo Health has acquired 2 companies, including Breakaway Partners and Mavens. |
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