Notable Valuation, Funding & Investors

Notable is valued at $600M as of November 2021.

Last Notable valuation

$600M

Series B · Nov 2021

Last Notable funding round

$100M

Series B · Nov 2021

Cumulative funding Notable raised

$119M

across 4 funding rounds

Key investors in Notable

  • Greylock
  • Maverick Ventures
  • F-Prime
  • Oak HC/FT
  • 8VC
  • ICONIQ Capital

Notable Overview

About Notable

Notable is a San Francisco-based AI platform automating healthcare operations at over 10,000 U.S. sites. It streamlines registration, scheduling, referrals, authorizations, and chart reviews, processing a million workflows daily. Founded in 2018, Notable partners with providers like One Medical, boosting efficiency and revenue capture.


Founded

2017

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$600M (Nov 2021)

Notable Valuation

Notable is currently valued at $600M, based on its Series B in November 2021.

The $100M round was led by ICONIQ Capital, with participation from F-Prime, Oak HC/FT and Greylock.

Notable valuation by funding round

Notable valuation by funding round
DateStageValuation
Nov 2021Series B$600M

Notable Funding History

Notable has raised a total of $119M across 4 funding rounds.

Notable's first fundraising round was a $3M seed round in December 2017. The most recent completed round was a $100M Series B in November 2021.

Notable funding rounds

Notable funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2021Series BICONIQ Capital (lead); F-Prime; Oak HC/FT; Greylock$100M$600MNotable is a San Mateo, California-based healthcare startup founded in 2017 that develops an intelligent automation platform using robotic process automation (RPA), natural language processing (NLP), and machine vision to streamline administrative workflows such as patient registration, appointment reminders, scheduling, co-pay collection, prior authorizations, and claim denial management. The platform scans electronic health records and other systems to automate tasks, saving clinicians over 700 hours annually per user and performing millions of tasks weekly across more than 350 sites, including major systems like Intermountain Healthcare and CommonSpirit Health. During the COVID-19 pandemic, Notable adapted its technology to automate vaccine eligibility identification and administration. In November 2021, Notable raised $100 million in a Series B funding round led by ICONIQ Growth, with participation from Greylock, F-Prime Capital, and Oak HC/FT, bringing total funding to $119.2 million. The round valued the company at a post-money valuation of $600 million, a significant increase from its prior $120 million valuation earlier that year after raising just over $26 million previously. This preemptive growth round followed rapid platform adoption across hundreds of care sites. Notable plans to deploy the funds primarily toward research and development, expanding platform access to more healthcare providers, enhancing capabilities for greater return on investment, and potentially entering adjacent markets like health insurance. Investors highlighted the company's strong customer feedback, high net promoter scores, fast time-to-value, and potential to reduce administrative burdens while modernizing patient experiences. The platform's extensibility and AI features position it to address labor shortages and shifting patient demands for digital, touchless care in healthcare.
Sep 2018Series AF-Prime (lead); Oak HC/FT (lead); Maverick Ventures; Greylock$14M--
May 2018SeedGreylock (lead); 8VC; Maverick Ventures$3M--
Dec 2017SeedMaverick Ventures$3M--

Who has invested in Notable?

6 investors have backed Notable across its funding rounds, including Greylock, Maverick Ventures, F-Prime, Oak HC/FT, 8VC and ICONIQ Capital.

Lead investors include ICONIQ Capital, F-Prime, Oak HC/FT and Greylock.


Notable Investors

Investors in Notable by funding rounds participated
InvestorHQRoundsRoleFirst check
Maverick VenturesUnited StatesUnited States3ParticipantDec 2017
GreylockUnited StatesSan Francisco, CA3LeadMay 2018
F-PrimeUnited StatesUnited States2LeadSep 2018
Oak HC/FTUnited StatesGreenwich, CT2LeadSep 2018

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Notable Competitors

Notable competitors include listed companies like Craneware and Weave Communications, and private ones like Infinitus Systems, Jane Software, Latent and Tennr.

Public and private companies comparable to Notable
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Infinitus SystemsUnited StatesSan Francisco, CAPrivate--$600M-
Jane SoftwareCanadaVancouverPrivate$100M-$600M6.0x
LatentUnited StatesSan Francisco, CAPrivate--$600M-
TennrUnited StatesNew York City, NYPrivate--$605M-
CranewareUnited KingdomUnited KingdomPublicly listed$206M$59M$589M2.7x
Weave CommunicationsUnited StatesUnited StatesPublicly listed$239M($13M)$587M2.1x

Notable Public Comps

Notable is still privately-owned, but its public comps include Craneware, Weave Communications, RaySearch Labs, Phreesia, Shang Gong Group, Heren Health, Equasens, Claritev, Veradigm and B-Soft Co..

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Craneware$206M$59M2.8x2.7x9.7x8.7x
Weave Communications$239M($13M)2.3x2.1x(44.4x)35.9x
RaySearch Labs$137M$59M4.4x4.2x10.1x9.3x
Phreesia$481M$27M1.3x1.3x23.2x5.3x
Shang Gong Group$649M$27M1.0x-23.7x-
Heren Health$65M$11M7.4x-42.4x-
Equasens$272M$75M1.9x1.8x7.0x6.7x
Claritev$965M$466M5.4x5.2x11.2x8.5x

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Common questions about Notable

When was Notable founded?Notable was founded in 2017.
Where is Notable headquartered?Notable is headquartered in San Francisco, CA, United States.
Is Notable publicly listed?No, Notable is a private, VC-backed company.
What is Notable's valuation?Notable was last valued at $600M in its Series B in November 2021.
How much funding has Notable raised?Notable has raised $119M across 4 funding rounds.
What was Notable's last funding round?Notable's last funding round was a $100M Series B in November 2021, led by ICONIQ Capital.
Who are Notable's investors?Notable's investors include Maverick Ventures, Greylock, F-Prime, Oak HC/FT, ICONIQ Capital and 8VC.
Which companies are comparable to Notable?Companies comparable to Notable include Infinitus Systems, Jane Software, Latent, Tennr, Craneware and Weave Communications.

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