-61%

est. 2Y upside i

HealthcareSeries A

Fabric provides consumer-grade care experiences that drive better outcomes and savings for health systems, employers, brokers, and health plans alike. By streamlining workflows and decision-making, we're building smarter, more connected care experiences for healthier communities.

Rank

#581

Sector

Healthtech

Est. Liquidity

~4Y

Data Quality

Data: High

Fabric operates in a high-growth healthtech sector with a promising Hybrid AI platform and strong customer traction, including reported triple-digit annual sales growth.

Last updated: March 10, 2026

Bull (30%)+400%

Fabric's Hybrid AI platform achieves market leadership with sustained high double-digit to triple-digit annual sales growth, successfully integrating acquisitions and expanding its 50-state clinical network. This drives significant ARR growth and a strong market multiple, pushing valuation to $520M, leading to a successful Series B or C round and substantial value creation for common shareholders despite the preference stack.

Base (35%)+50%

Fabric achieves steady growth, expanding its customer base and demonstrating the value of its Hybrid AI platform. However, intense competition and the need for further capital rounds temper valuation expansion. It reaches a valuation of ~$156M, providing a modest return for common shareholders after accounting for the significant liquidation preferences.

Bear (35%)-80%

Dominant incumbents like Amazon and Google, along with established healthcare IT giants, aggressively enter Fabric's core segments, commoditizing its offerings. Integration challenges from its numerous acquisitions also hinder growth, leading to a down round. The severe preference stack ($80M funding) means a ~$20M valuation effectively wipes out most common stock value for common shareholders.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

77%

Investors hold $80M in liquidation preferences, which is 77.3% of the current $104M valuation, meaning common stock holders would receive little to nothing in an exit at or below the current valuation.

Dilution Risk

high

As a Series A company with a high funding intensity, Fabric is likely to raise additional capital, leading to further dilution for existing equity holders.

Secondary Liquidity

none

There are no active secondary markets or tender offers for Fabric's equity at this stage.

View all 2 open roles at Fabric →

Last updated: February 17, 2026

Questions to Ask at the Interview

Strategic questions based on Fabric's data — designed to show you've done your homework.

  • 1

    “Given the significant resources and market presence of incumbents like Amazon (with Comprehend Medical) and established healthcare IT giants (e.g., Epic, Cerner), how does Fabric plan to maintain and expand its competitive moat, particularly in its core AI-powered care enablement segment?”

  • 2

    “Fabric has made several acquisitions, including UCM Digital Health and MeMD. What are the key metrics and integration strategies the company is focusing on to ensure these acquisitions contribute effectively to ARR growth and profitability over the next 12-24 months?”

  • 3

    “With $80M in total funding on a $104M valuation, there's a substantial preference stack. How does Fabric envision the path to a liquidity event (IPO or acquisition) that provides meaningful returns for common stock holders, and what is the estimated timeline for such an event?”

Community

Valuation Sentiment

Our model estimates -61% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.