-66%

est. 2Y upside i

HealthcareSales & MarketingSeries C

Stedi is the only programmable healthcare clearinghouse. We bring best-in-class software standards to healthcare transactions: fast APIs, reliable connections, scalable architecture, meticulous engineering. No compromises.

Rank

#3457

Sector

HealthTech, Healthcare, API, Revenue Cycle Management

Est. Liquidity

~2Y

Data Quality

Data: Low

Given the high valuation multiple and significant downside in base and bear scenarios, the expected 2-year upside is deeply negative (-65.9%).

Last updated: July 19, 2026

Bull (14%)+94%

If Stedi maintains its growth trajectory and achieves a liquidity event with a multiple near current levels (81.7x), exit value reaches $2.13B, yielding 93.8% upside. This requires sustained high growth and strong market positioning as an AI-enabled clearinghouse.

Base (45%)-85%

Assuming multiple compression to public comp levels (~6.5x) with projected revenue of $26.1M in 2 years, exit value falls to $170M, resulting in -84.6% loss. This assumes growth slows and market multiples contract.

Bear (41%)-100%

In a bear case with multiple compression to 4x and exit value ($104M) below preference stack ($142M), common stock is wiped out, yielding -100% return. Incumbent competition and regulatory hurdles could depress valuation.

Est. time to liquidity~2.0 years

Preference Stack Risk

moderate

Funding Intensity

13%

Total preferred stack of $142M represents 12.9% of $1.1B valuation, providing moderate liquidation preference.

Dilution Risk

low

Recent Series C likely provides runway for 2+ years, so no near-term dilution expected.

Secondary Liquidity

none

No secondary market activity data available; illiquid holdings expected.

Engineering — 7 roles

Sales — 7 roles

Business — 5 roles

Strategy & Operations — 5 roles

View all 24 open roles at Stedi →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Stedi's API-first approach specifically reduce costs versus traditional clearinghouses for a typical hospital client?”

  • 2

    “What is the average customer contract value and retention rate, and how does usage-based pricing scale with volume?”

  • 3

    “Given the high incumbent threat from Change Healthcare, what is Stedi's go-to-market strategy to win against their existing relationships?”

Community

Valuation Sentiment

Our model estimates -66% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

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