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- Spora Health
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
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
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services
Valuation
$705M (Mar 2021)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Mar 2021 | Seed | $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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2021 | Seed | M13 (lead); MaC Venture Capital (lead); Refactor (lead); Headwater Ventures; Human Ventures; Techstars; Alicia Jackson | $3M | $705M | Spora 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 2020 | Seed | Human 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Nov 2020 | ||
| 2 | Lead | Nov 2020 | ||
| 2 | Participant | Nov 2020 | ||
| 1 | Participant | Nov 2020 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Participant | Nov 2020 | ||
This data is available for Pro users. Sign up to see all 10 Spora Health investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialSpora 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $28M | - | $600M | 21.4x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.3B | - | ||
| Publicly listed | $3.9B | $45M | $1.8B | 0.3x | ||
| Publicly listed | $1.9B | ($84M) | $2.4B | 0.8x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $21M | $4M | 1.3x | - | 7.0x | - | |||
| $11M | $3M | 1.2x | - | 5.2x | - | |||
| $11M | ($23M) | 0.5x | - | (0.2x) | - | |||
| $3.9B | $45M | 0.4x | 0.3x | 31.6x | 10.0x | |||
| $1.9B | ($84M) | 1.1x | 0.8x | (25.8x) | 34.1x | |||
| $943M | $215M | 7.8x | 7.1x | 34.1x | 31.0x | |||
This data is available for Pro users. Sign up to see all Spora Health competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Spora Health
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