-64%

est. 2Y upside i

HealthcareSeries D+

Rank

#3423

Sector

Digital Health

Est. Liquidity

~3Y

Data Quality

Data: Low

Despite Hello Heart's strong competitive moat and positive trajectory, the current valuation of $667M implies a 12.8x revenue multiple on ~$52M ARR, which is well above public digital health comps (4-8x).

Last updated: July 19, 2026

Bull (25%)-43%

In a bull case, Hello Heart achieves ~$79M ARR by mid-2027 with an 8x revenue multiple driven by IPO announcements and market leadership in digital cardiology. After 20% dilution and preference, common equity value is ~$380M, implying -42.9% downside from current valuation.

Base (55%)-63%

Base case assumes steady growth to $79M ARR with multiple contracting to 6x in line with public comps, yielding ~$395M post-dilution exit. After preference, common equity is ~$249M, a -62.7% loss.

Bear (20%)-92%

Bear case sees multiple compression to 3x on slowing growth or increased competition, with exit value ~$197M after dilution. Preference stack consumes most value, leaving common equity only ~$52M, a -92.2% return.

Est. time to liquidity~3.0 years

Preference Stack Risk

moderate

Funding Intensity

2180%

Total preferred stock of $145.5M represents a 21.8% liquidation preference over the $666.7M current valuation, meaning common equity is junior to that amount in exit.

Dilution Risk

high

With no new round since 2022 and estimated cash burn, a down round or flat round with additional dilution of 15-25% is likely.

Secondary Liquidity

none

No secondary market activity observed; shares are illiquid.

Other — 17 roles

View all 17 open roles at Helloheart →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Hello Heart plan to defend against big tech entry into cardiovascular monitoring?”

  • 2

    “What is the path to profitability and cash flow positive? Are you targeting an IPO within 2 years?”

  • 3

    “Given the current valuation gap to public comps, how does the board think about the next round's valuation and dilution impact on current employees?”

Community

Valuation Sentiment

Our model estimates -64% 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.