+5%

est. 2Y upside i

HealthcareSeries C

Tennr takes healthcare providers from fax to first visit, faster. Using RaeLM™, the only vision-language model trained to interpret unstructured medical records against complex payor criteria, Tennr helps ensure payor-ready documentation, boost conversions, and cut first‑pass denials.

Rank

#1939

Sector

Healthcare Technology

Est. Liquidity

~5Y

Data Quality

Data: Low

Tennr's strong moat and large market are overshadowed by missing financial data.

Last updated: July 3, 2026

Bull (10%)+180%

Strong execution and market expansion could triple valuation to $1.8B, but capped at +200% per stage constraints. Dilution reduces net return to +180%.

Base (50%)+30%

Moderate growth leads to ~$907M valuation (50% upside), but diluted by 20% from future rounds, yielding net 30%.

Bear (40%)-70%

Intense competition from EHR incumbents or slower adoption causes valuation to halve to $302M. After 20% dilution, net downside is -70%.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

2630%

Total preferred of $159M over $605M valuation gives 26% overhang, meaning common stock bears significant risk in downside.

Dilution Risk

high

Given capital intensity and limited runway from last raise, another round within 2 years likely, causing ~20% dilution.

Secondary Liquidity

none

No secondary market trades reported, so liquidity is entirely dependent on exit.

Revenue — 20 roles

Engineering — 7 roles

Product — 3 roles

Business Operations — 2 roles

View all 32 open roles at Tennr →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Tennr plan to displace entrenched EHR workflows given Epic's dominance?”

  • 2

    “What is the current ARR, growth rate, and path to profitability?”

  • 3

    “What is the current fully-diluted share count and estimated liquidity horizon for common stock?”

Community

Valuation Sentiment

Our model estimates +5% 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.