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Porter Revenue, Valuation, Funding & Investors
Porter is valued at $1.2B as of August 2022, a 4.1x multiple on its last reported $293M revenue.
Last Porter valuation
$1.2B
Seed · Aug 2022
Last Porter funding round
$35M
Undisclosed stage · Mar 2025
Porter revenue
$293M
Seed · Aug 2022
Key investors in Porter
Grit Capital Partners
Eir Partners
Old Line Capital Partners
JLC Family Office
About Porter
Porter is a Miami-headquartered analytics firm that processes big data for healthcare providers and consumer goods manufacturers. Launched in 2021, it delivers insights on patient outcomes and product performance through proprietary platforms. The company targets pharmaceutical firms and CPG brands seeking operational efficiencies in supply chains and market forecasting.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$293M (Aug 2022)
Valuation
$1.2B (Aug 2022)
Porter Valuation
Porter is currently valued at $1.2B, based on its seed round in August 2022.
Porter valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2022 | Seed | $1.2B | 4.1x |
Porter Revenue
Porter's latest recorded revenue is $293M, as of its seed round in August 2022. At a $1.2B valuation, that implies a 4.1x revenue multiple.
Porter revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2022 | $293M | $1.2B | 4.1x | Seed |
* 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.
Porter Funding History
Porter has raised a total of $46M across 4 funding rounds.
Porter's first fundraising round was a $2M seed round in March 2022. The most recent completed round was a $35M undisclosed-stage round in March 2025.
Porter funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2025 | Undisclosed stage | Eir Partners (lead) | $35M | - | Porter is a Baltimore-based healthcare IT platform founded in 2021, specializing in care coordination and coverage for payors, using AI and technology to connect plan members with home-based resources, services, products, and education to improve patient outcomes, quality measures, total cost of care, risk adjustment compliance, and member experience. It serves a covered patient population of over two million across the U.S., focusing on follow-up treatment and addressing healthcare system complexities. On March 13, 2025, Eir Partners, a Miami-based middle-market private equity firm focused on healthcare technology and tech-enabled services, announced a growth investment in Porter. Eir Partners targets growth equity through control buyouts with check sizes of $25-125 million and has prior investments in companies like Gifthealth, Capta, Helpware, Machinify, PharmaForceIQ, and ReviveHealth. Proceeds from the investment will support innovation in Porter's care-at-home services, software, AI capabilities, geographic expansion, and acceleration of care coordination programs focused on quality and risk adjustment. Porter's leadership, including Founder, CEO, and Chairman John Criswell, highlighted the partnership as an inflection point to scale technology, enhance patient value, and expand footprint, partnering with Eir's expertise in payor services market scaling. Eir Partners Managing Partner Brett Carlson emphasized Porter's impact on health outcomes and member experience for its patient population. The deal aligns with Eir's strategy in payor, provider, employer, and pharma tech sectors. |
| Jan 2023 | Seed | Grit Capital Partners (lead); JLC Family Office (lead); Old Line Capital Partners (lead) | $5M | - | - |
| Aug 2022 | Seed | - | $3M | $1.2B | Porter is a Bengaluru-based on-demand logistics platform. In May 2022, it secured $200 million in a funding round led by Kedaara and Wellington Management, valuing the company at $1.2 billion. The round included participation from existing investors. This funding valued Porter at $1.2 billion, following a prior 2021 round at $500 million led by Tiger Global. The capital supported market consolidation, talent acquisition, and operational expansion. Porter later pursued an extended round totaling $300-310 million, with $100-110 million additional from Vitruvian Partners, Elev8 Partners, and Mumbai-based investors, mostly secondary transactions. Secondary sales involved early investors like Lightrock and Kae Capital, with PixelSky Capital acquiring a stake. The extension maintained the $1.2 billion valuation. Porter achieved profitability in 2024-25 with revenue exceeding Rs 4,000 crore. |
| Mar 2022 | Seed | - | $2M | - | - |
Who has invested in Porter?
4 investors have backed Porter across its funding rounds, including Grit Capital Partners, Eir Partners, Old Line Capital Partners and JLC Family Office.
Lead investors include Eir Partners, Grit Capital Partners, JLC Family Office and Old Line Capital Partners.
Porter Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Jan 2023 | ||
| 1 | Lead | Jan 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialPorter Competitors
Porter competitors include listed companies like Certara and Nutex Health, and private ones like iCarbonX, Welle, Iterative Health and Twin Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.3B | - | ||
| Publicly listed | $419M | $103M | $1.3B | 3.6x | ||
| Private | - | - | $1.4B | - | ||
| Publicly listed | $875M | $288M | $1.5B | 2.0x |
Porter Public Comps
Porter is still privately-owned, but its public comps include Omada Health, Certara, Nutex Health, Indegene, JMDC, SOPHiA Genetics, Dian Diagnostics Group, Veradigm, Bayzed Health Group and Yidu Tech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $260M | ($10M) | 3.8x | 3.1x | (98.6x) | 48.5x | |||
| $419M | $103M | 3.4x | 3.6x | 13.9x | 12.0x | |||
| $875M | $288M | 2.0x | 2.0x | 6.0x | 6.4x | |||
| $366M | $68M | 3.7x | 3.3x | 19.9x | 18.2x | |||
| $324M | $88M | 5.0x | 4.6x | 18.4x | 17.9x | |||
| $77M | ($65M) | 8.8x | 7.5x | (10.4x) | (18.8x) | |||
| $1.5B | $127M | 1.4x | 1.4x | 16.4x | 12.2x | |||
| $588M | $54M | 0.9x | 0.9x | 9.8x | 6.8x | |||
This data is available for Pro users. Sign up to see all Porter competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Porter
| When was Porter founded? | Porter was founded in 2021. |
| Where is Porter headquartered? | Porter is headquartered in Miami, FL, United States. |
| Is Porter publicly listed? | No, Porter is a private, VC-backed company. |
| What is Porter's valuation? | Porter was last valued at $1.2B in its seed round in August 2022. |
| How much funding has Porter raised? | Porter has raised $46M across 4 funding rounds. |
| What was Porter's last funding round? | Porter's last funding round was a $35M undisclosed-stage round in March 2025, led by Eir Partners. |
| Who are Porter's investors? | Porter's investors include JLC Family Office, Old Line Capital Partners, Eir Partners and Grit Capital Partners. |
| What is Porter's revenue? | Porter's latest recorded revenue is $293M (August 2022). |
| What is Porter's revenue multiple? | Porter's latest valuation implies a 4.1x revenue multiple ($1.2B valuation on $293M of revenue). |
| Which companies are comparable to Porter? | Companies comparable to Porter include iCarbonX, Welle, Iterative Health, Certara, Twin Health and Nutex Health. |
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