0%

est. 2Y upside i

HealthcareSeries A

Modern health insurance for dual income families

Rank

#2040

Sector

Healthtech

Est. Liquidity

~5Y

Data Quality

Data: Low

The equity upside is highly risky and likely worth zero in base and bear cases due to a massive liquidation preference overhang.

Last updated: August 4, 2026

Bull (20%)+400%

If Healia captures the spousal HRA niche and benefits from an IPO window, exit multiple expands to 10x revenue, yielding a $20.4M exit. This clears the $18M liquidation preference and produces a 4x return, capped by Series A stage.

Base (50%)-100%

At a 5x revenue multiple, exit value is only $10.2M, below the $18M preferred stack, leaving common stock worthless. Revenue grows to $2.04M but cannot overcome the preference overhang.

Bear (30%)-100%

Multiple compresses to 2x revenue, exit value is $4.1M, far below the $18M liquidation preference, so common stock recovers nothing.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

60000%

$18M of preferred stock stands ahead of common; with a $3M current valuation, common stock is deeply underwater.

Dilution Risk

low

With $18M raised and low burn (28 employees, $1M revenue), the company has multi-year runway; near-term dilution is unlikely.

Secondary Liquidity

none

Private company with no secondary activity; equity is illiquid until an IPO or acquisition.

View all 6 open roles at Healia →

Last updated: February 17, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Healia plan to differentiate from established benefits platforms like Accolade?”

  • 2

    “What is the employer churn rate and how does subscription pricing scale with family coverage?”

  • 3

    “What percentage of the current valuation is attributable to common stock versus the liquidation preference?”

Community

Valuation Sentiment

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