Spora Health Valuation, Funding & Investors

Spora Health is valued at $705M as of March 2021.

Last Spora Health valuation

$705M

Seed · Mar 2021

Last Spora Health funding round

$3M

Seed · Mar 2021

Cumulative funding Spora Health raised

$4M

across 2 funding rounds

Key investors in Spora Health

  • Techstars
  • Human Ventures
  • Headwater Ventures
  • Service Provider Capital
  • MaC Venture Capital
  • M13

Spora Health Overview

About Spora Health

Spora Health is a New York-based primary care provider tailored for communities of color. It offers virtual and in-person consultations addressing cultural health disparities in chronic disease management and preventive care. Spora Health operates clinics in urban areas with telehealth extending to underserved populations nationwide.


Founded

2020

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2C

Revenue model

Services

Valuation

$705M (Mar 2021)

Spora Health Valuation

Spora Health is currently valued at $705M, based on its seed round in March 2021.

The $3M round was led by M13, MaC Venture Capital and Refactor, with participation from Headwater Ventures, Human Ventures, Techstars and Alicia Jackson.

Spora Health valuation by funding round

Spora Health valuation by funding round
DateStageValuation
Mar 2021Seed$705M

Spora Health Funding History

Spora Health has raised a total of $4M across 2 funding rounds.

Spora Health's first fundraising round was a $1M seed round in November 2020. The most recent completed round was a $3M seed round in March 2021.

Spora Health funding rounds

Spora Health funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2021SeedM13 (lead); MaC Venture Capital (lead); Refactor (lead); Headwater Ventures; Human Ventures; Techstars; Alicia Jackson$3M$705MSpora Health is a telemedicine startup offering culturally competent primary care services designed specifically for people of color. The company operates a virtual care platform staffed with clinicians trained through The Spora Institute to apply cultural competence in patient interactions, and leverages machine learning technology to predict patient risk profiles and identify chronic conditions such as pre-diabetes and hypertension. In March 2021, Spora Health raised $3 million in a Seed Plus funding round led by M13, Refactor Capital, and MaC Venture Capital, with participation from existing investors Human Ventures, Headwater Ventures, Techstars, and Alicia Jackson. This round brought the company's total seed funding to $4.1 million. At the time of the funding, Spora Health was serving approximately 100 patients across Pennsylvania, Virginia, Florida, and Tennessee. The company's care team included doctors, nurse practitioners, nutritionists, and other healthcare professionals. According to Bloomberg, the company reached a valuation of $705 million by March 2022, one year after this funding round.
Nov 2020SeedHuman Ventures (lead); Headwater Ventures; Backstage Capital; Service Provider Capital; Techstars; City Light Capital$1M--

Who has invested in Spora Health?

10 investors have backed Spora Health across its funding rounds, including Techstars, Human Ventures, Headwater Ventures, Service Provider Capital, MaC Venture Capital and M13.

Lead investors include M13, MaC Venture Capital, Refactor and Human Ventures.


Spora Health Investors

Investors in Spora Health by funding rounds participated
InvestorHQRoundsRoleFirst check
Headwater VenturesUnited StatesMinneapolis, MN2ParticipantNov 2020
Human VenturesUnited StatesNew York City, NY2LeadNov 2020
TechstarsUnited StatesBoulder, CO2ParticipantNov 2020
Backstage CapitalUnited StatesLos Angeles, CA1ParticipantNov 2020
MaC Venture CapitalUnited StatesAbilene, TX1LeadMar 2021
RefactorUnited StatesSan Francisco, CA1LeadMar 2021
M13United StatesLos Angeles, CA1LeadMar 2021
Service Provider CapitalUnited StatesDenver, CO1ParticipantNov 2020

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Spora Health Competitors

Spora Health competitors include listed companies like Alignment Healthcare and Clover Health, and private ones like DUOS, UpStream Care, Curative and Grand Rounds.

Public and private companies comparable to Spora Health
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DUOSUnited StatesMinneapolis, MNPrivate$28M-$600M21.4x
UpStream CareUnited StatesGreensboro, NCPrivate--$1B-
CurativeUnited StatesAustin, TXPrivate--$1.3B-
Grand RoundsUnited StatesSan Francisco, CAPrivate--$1.3B-
Alignment HealthcareUnited StatesUnited StatesPublicly listed$3.9B$45M$1.8B0.3x
Clover HealthUnited StatesUnited StatesPublicly listed$1.9B($84M)$2.4B0.8x

Spora Health Public Comps

Spora Health is still privately-owned, but its public comps include Dc Healthcare Holdings, Genesis Fertility Center, Ontrak, Alignment Healthcare, Clover Health, Fortis Healthcare, Molina Healthcare and UnitedHealth Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Dc Healthcare Holdings$21M$4M1.3x-7.0x-
Genesis Fertility Center$11M$3M1.2x-5.2x-
Ontrak$11M($23M)0.5x-(0.2x)-
Alignment Healthcare$3.9B$45M0.4x0.3x31.6x10.0x
Clover Health$1.9B($84M)1.1x0.8x(25.8x)34.1x
Fortis Healthcare$943M$215M7.8x7.1x34.1x31.0x

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Common questions about Spora Health

When was Spora Health founded?Spora Health was founded in 2020.
Where is Spora Health headquartered?Spora Health is headquartered in San Francisco, CA, United States.
Is Spora Health publicly listed?No, Spora Health is a private, VC-backed company.
What is Spora Health's valuation?Spora Health was last valued at $705M in its seed round in March 2021.
How much funding has Spora Health raised?Spora Health has raised $4M across 2 funding rounds.
What was Spora Health's last funding round?Spora Health's last funding round was a $3M seed round in March 2021, led by M13, MaC Venture Capital and Refactor.
Who are Spora Health's investors?Spora Health's investors include Headwater Ventures, Human Ventures, Techstars, Backstage Capital, MaC Venture Capital, Refactor, M13, Service Provider Capital, City Light Capital and Alicia Jackson.
Which companies are comparable to Spora Health?Companies comparable to Spora Health include DUOS, UpStream Care, Curative, Grand Rounds, Alignment Healthcare and Clover Health.

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