What are the most valued startups in the telemedicine market?

Last updated: 13 July 2026

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The telemedicine market now includes large public platforms, specialized virtual clinics, care infrastructure providers, and focused digital health services.

We update this ranking every month to reflect new funding rounds, public market movements, acquisitions, and revised valuation estimates.

The database currently covers 84 telemedicine companies with a combined midpoint valuation of approximately $65.1 billion.

And if you want to better understand this new industry, you can download our pitch covering the telemedicine market.

A quick summary table

Metric Value
Most valuable telemedicine startup Hims & Hers, $8.1B
Second most valuable telemedicine startup Ro, $5.5B–$7.5B
Median telemedicine company valuation Approximately $275M
Share of telemedicine valuation captured by the top 10 Approximately 56.2%
Top telemedicine valuation vs. median Approximately 29.5 times
Median telemedicine valuation-to-capital-raised ratio Approximately 2.8 times
Telemedicine startups valued at $1B+ 19 based on midpoint valuations

Top startups in the telemedicine market ranked by valuation

Here is an updated table that ranks the top startups in the telemedicine market based on their latest reported or estimated valuations.

If you want more detaild about their fundraising activity, you can check our list of the startups who have raised the most funding in the telemedicine market.

# Startup Name What They Do Current Valuation ($) Valuation Confidence Level Valuation Type Evidence Status Total Funding ($) Funding Confidence Level
1 Hims & Hers Consumer telehealth and wellness $8.1B Full Confidence Public Market Cap Observed $477M Strong Confidence
2 Ro Direct-to-patient virtual care $5.5B–$7.5B Partial Confidence Comparables-Based Estimate Estimated $1.0B Strong Confidence
3 Lyra Health Employer mental health benefits $4.8B–$5.8B Strong Confidence Comparables-Based Estimate Estimated $915M Strong Confidence
4 Sword Health AI virtual MSK care $3.6B–$4.4B Strong Confidence Announced Private Round Valuation Estimated $365M Strong Confidence
5 Headspace Health Digital mental health platform $2.3B–$3.0B Strong Confidence Revenue or ARR Multiple Estimate Estimated $124M Partial Confidence
6 Alma Therapist practice enablement platform $1.8B–$2.8B Partial Confidence Acquisition Value Estimated $221M Strong Confidence
7 MDLive 24/7 virtual care $2.0B Full Confidence Acquisition Value Observed $174M Partial Confidence
8 eMed Employer metabolic health platform $2.0B Full Confidence Announced Private Round Valuation Observed $200M Partial Confidence
9 Kry European digital doctor visits $1.7B–$2.2B Partial Confidence Comparables-Based Estimate Estimated $711M Strong Confidence
10 Talkiatry Insurance-covered virtual psychiatry $1.5B–$2.1B Strong Confidence Implied Valuation from Raise Implied $377M Partial Confidence
11 Maven Clinic Women’s virtual health clinic $1.5B–$1.9B Strong Confidence Announced Private Round Valuation Estimated $425M Partial Confidence
12 Teladoc Health Public telehealth provider $1.6B Full Confidence Public Market Cap Observed $244M Strong Confidence
13 Charlie Health Virtual intensive mental-health treatment $1.3B–$1.8B Partial Confidence Revenue or ARR Multiple Estimate Estimated $404M Low Confidence
14 Cadence Remote chronic care platform $1.2B Full Confidence Announced Private Round Valuation Observed $241M Full Confidence
15 Eucalyptus Consumer digital health clinics $1.2B Strong Confidence Acquisition Value Observed $120M Strong Confidence
16 SonderMind Therapy marketplace and platform $1.0B–$1.4B Partial Confidence Comparables-Based Estimate Estimated $183M Strong Confidence
17 Doctor On Demand Virtual primary care visits $900M–$1.3B Partial Confidence Proxy-Based Estimate Estimated $239M Strong Confidence
18 Rula Therapist network and care access $850M–$1.2B Partial Confidence Implied Valuation from Raise Implied $263M Partial Confidence
19 Midi Health Virtual midlife women’s care $1.0B Full Confidence Announced Private Round Valuation Observed $252M Full Confidence
20 Talkspace Public online therapy platform $870M Full Confidence Public Market Cap Observed $359M Strong Confidence
21 Ginger On-demand mental healthcare platform $700M–$1.0B Low Confidence Acquisition Value Estimated $213M Strong Confidence
22 Genome Medical Virtual genetic care services $550M–$750M Partial Confidence Implied Valuation from Raise Implied $195M Strong Confidence
23 Wheel Virtual care infrastructure $500M–$800M Partial Confidence Implied Valuation from Raise Estimated $216M Full Confidence
24 TimelyCare Student virtual health platform $450M–$700M Partial Confidence Revenue or ARR Multiple Estimate Estimated $60M Strong Confidence
25 Electronic Caregiver AI-enabled remote elder care $490M–$600M Partial Confidence Revenue or ARR Multiple Estimate Estimated $110M Partial Confidence
26 Brightline Pediatric behavioral healthcare $400M–$650M Low Confidence Comparables-Based Estimate Estimated $205M Partial Confidence
27 Vida Health Virtual chronic care $400M–$700M Partial Confidence Implied Valuation from Raise Estimated $163M Full Confidence
28 TytoCare Remote home medical examinations $400M–$550M Partial Confidence Revenue or ARR Multiple Estimate Estimated $205M Strong Confidence
29 HealthHero European digital healthcare platform $400M–$550M Partial Confidence Revenue or ARR Multiple Estimate Estimated $15M Low Confidence
30 MD Integrations White-label physician telehealth network $390M–$510M Strong Confidence Implied Valuation from Raise Implied $77M Strong Confidence
31 Equip Virtual eating-disorder treatment $360M–$520M Partial Confidence Implied Valuation from Raise Implied $164M Strong Confidence
32 Thirty Madison Chronic-condition digital care $500M Full Confidence Acquisition Value Observed $210M Full Confidence
33 PlushCare Virtual primary and mental care $450M Full Confidence Acquisition Value Observed $31M Strong Confidence
34 Lemonaid Health Consumer telehealth and pharmacy services $400M Full Confidence Acquisition Value Observed $55M Strong Confidence
35 Ada Health AI symptom assessment platform $320M–$450M Partial Confidence Revenue or ARR Multiple Estimate Estimated $167M Full Confidence
36 Tava Health Employer mental health platform $270M–$500M Strong Confidence Implied Valuation from Raise Implied $73M Full Confidence
37 Pelago Virtual substance-use disorder care $300M–$450M Partial Confidence Implied Valuation from Raise Implied $151M Partial Confidence
38 Doctor Anywhere Southeast Asian virtual healthcare $280M–$420M Partial Confidence Revenue or ARR Multiple Estimate Estimated $176M Full Confidence
39 Pager Enterprise care navigation platform $250M–$400M Low Confidence Comparables-Based Estimate Estimated $111M Partial Confidence
40 GetHarley Virtual skincare consultation marketplace $240M–$400M Partial Confidence Implied Valuation from Raise Estimated $67M Strong Confidence
41 Hazel Health School-based pediatric virtual care $250M–$380M Partial Confidence Implied Valuation from Raise Implied $113M Strong Confidence
42 Brightside Health Online mental healthcare services $240M–$340M Partial Confidence Implied Valuation from Raise Implied $108M Strong Confidence
43 Maple Canadian virtual care platform $200M–$320M Partial Confidence Comparables-Based Estimate Estimated $72M Strong Confidence
44 Eleanor Health Value-based addiction and mental care $190M–$310M Partial Confidence Implied Valuation from Raise Implied $166M Partial Confidence
45 Avi Medical Hybrid primary care clinics $180M–$300M Low Confidence Comparables-Based Estimate Estimated $89M Strong Confidence
46 Altibbi MENA virtual medical consultations $180M–$300M Partial Confidence Implied Valuation from Raise Estimated $53M Strong Confidence
47 Recuro Health Virtual-first healthcare benefit platform $180M–$280M Partial Confidence Implied Valuation from Raise Estimated $89M Partial Confidence
48 Summus Global Virtual specialist medical consultations $210M–$240M Strong Confidence Implied Valuation from Raise Implied $91M Partial Confidence
49 Oshi Health Virtual digestive healthcare $180M–$240M Partial Confidence Comparables-Based Estimate Estimated $113M Full Confidence
50 Heal In-home primary healthcare $150M–$250M Low Confidence Acquisition Value Estimated $174M Partial Confidence
51 MedArrive In-home virtual care delivery $160M–$230M Partial Confidence Comparables-Based Estimate Estimated $41M Partial Confidence
52 Boulder Care Virtual addiction treatment $160M–$220M Strong Confidence Comparables-Based Estimate Estimated $85M Strong Confidence
53 Form Health Virtual obesity medical care $160M–$220M Strong Confidence Revenue or ARR Multiple Estimate Estimated $70M Partial Confidence
54 Array Behavioral Care Virtual behavioral health provider $150M–$230M Partial Confidence Implied Valuation from Raise Estimated $49M Strong Confidence
55 Quartet Health Behavioral care coordination platform $120M–$250M Low Confidence Acquisition Value Estimated $266M Partial Confidence
56 Ophelia Virtual opioid-use disorder treatment $140M–$220M Partial Confidence Revenue or ARR Multiple Estimate Estimated $68M Strong Confidence
57 Nurx Women’s digital healthcare services $130M–$220M Low Confidence Proxy-Based Estimate Estimated $96M Partial Confidence
58 eVisit Health-system telehealth software $130M–$220M Partial Confidence Comparables-Based Estimate Estimated $72M Strong Confidence
59 Meru Health Digital mental health treatment $140M–$200M Partial Confidence Revenue or ARR Multiple Estimate Estimated $42M Partial Confidence
60 Sesame Cash-pay healthcare marketplace $130M–$200M Partial Confidence Comparables-Based Estimate Estimated $85M Strong Confidence
61 Allara Health Virtual hormonal healthcare $130M–$165M Strong Confidence Announced Private Round Valuation Observed $39M Full Confidence
62 Amwell Enterprise telehealth platform $144M Full Confidence Public Market Cap Observed $1.5B Partial Confidence
63 FOLX Health LGBTQIA+ virtual healthcare $120M–$200M Partial Confidence Comparables-Based Estimate Estimated $59M Full Confidence
64 Quyi Network Chinese internet healthcare platform $110M–$190M Low Confidence Comparables-Based Estimate Estimated $84M Partial Confidence
65 Firefly Health Virtual-first primary care $100M–$180M Partial Confidence Comparables-Based Estimate Estimated $50M Full Confidence
66 Nice Healthcare Employer virtual primary care $100M–$180M Partial Confidence Revenue or ARR Multiple Estimate Estimated $42M Strong Confidence
67 Curai Health AI-assisted virtual primary care $90M–$160M Low Confidence Comparables-Based Estimate Estimated $57M Strong Confidence
68 Antidote Health Virtual primary care and insurance $90M–$140M Partial Confidence Implied Valuation from Raise Estimated $34M Full Confidence
69 Workit Health Virtual addiction treatment platform $90M–$140M Partial Confidence Revenue or ARR Multiple Estimate Estimated $131M Partial Confidence
70 MORE Health Virtual medical second opinions $70M–$140M Low Confidence Proxy-Based Estimate Estimated $78M Partial Confidence
71 98point6 Text-based primary care $80M–$120M Partial Confidence Acquisition Value Estimated $305M Partial Confidence
72 HealthTap On-demand virtual primary care $70M–$120M Low Confidence Proxy-Based Estimate Estimated $38M Full Confidence
73 Medici Secure clinician-patient messaging $60M–$120M Low Confidence Proxy-Based Estimate Estimated $70M Partial Confidence
74 First Stop Health Employer virtual healthcare $65M–$125M Low Confidence Comparables-Based Estimate Estimated $13M Low Confidence
75 CirrusMD Chat-first virtual care $50M–$90M Low Confidence Acquisition Value Estimated $48M Partial Confidence
76 Mantra Health College mental-health services $55M–$85M Partial Confidence Comparables-Based Estimate Estimated $32M Strong Confidence
77 Chunyu Yisheng Online doctor consultations $40M–$55M Strong Confidence Acquisition Value Observed $244M Partial Confidence
78 Mindbloom At-home ketamine therapy $35M–$65M Low Confidence Proxy-Based Estimate Estimated $0M Low Confidence
79 Monument Online alcohol-use disorder treatment $35M–$50M Partial Confidence Comparables-Based Estimate Estimated $24M Strong Confidence
80 Doctor Care Anywhere Online GP and diagnostics $35M Full Confidence Public Market Cap Observed $75M Partial Confidence
81 SteadyMD Telehealth infrastructure provider $25M Full Confidence Acquisition Value Observed $40M Partial Confidence
82 AristaMD Specialist electronic consultations $18M–$30M Partial Confidence Revenue or ARR Multiple Estimate Estimated $62M Partial Confidence
83 Avail Medsystems Procedural telemedicine platform $5M–$20M Low Confidence Acquisition Value Estimated $125M Strong Confidence
84 Babylon Health AI-powered virtual care $8M–$10M Strong Confidence Acquisition Value Observed $865M Partial Confidence

Key valuation trends in the telemedicine market

Insights

  • The ten largest telemedicine companies capture about 56% of the dataset’s total midpoint valuation, showing that market value remains concentrated despite the large number of specialized providers.
  • Hims & Hers represents about 12% of the full telemedicine valuation pool and is valued at almost 30 times the market median, underlining the strength of scaled consumer distribution.
  • Hims & Hers, Lyra Health, and Sword Health account for approximately $17.4 billion in combined value, making three category leaders responsible for more than one-quarter of the full ranking.
  • Hims & Hers, Teladoc Health, and Talkspace hold approximately $10.6 billion in combined public market value, but Hims & Hers accounts for more than three-quarters of that amount.
  • Lyra Health and Sword Health have raised about $1.3 billion combined while supporting roughly $9.3 billion in midpoint valuation, a blended valuation-to-capital ratio above seven times.
  • PlushCare produced the strongest observed acquisition multiple in this group, with a $450 million transaction value equal to roughly 14.5 times its disclosed funding.
  • Cadence and Midi Health are worth a combined $2.2 billion after raising $493 million, showing that focused virtual care models can still attract substantial valuations.
  • Mental health remains one of the telemedicine market’s largest specialist categories, with Lyra Health, Talkspace, Tava Health, and Boulder Care representing roughly $6.7 billion in combined value.
  • Acquisition outcomes vary sharply across telemedicine companies. Eucalyptus achieved a value equal to about ten times disclosed funding, while Thirty Madison reached only about 2.4 times.
  • Babylon Health illustrates the market’s downside risk. The company raised approximately $865 million but later recorded an acquisition value of only $8 million to $10 million.

A few word about our methodology

As you can see, we built a database that ranks startups in the telemedicine market based on their current valuation.

Estimating telemedicine startup valuations is not always straightforward. Many private digital health companies do not disclose their valuation, and the available evidence can differ widely by company, geography, and business model.

To build this ranking, we applied a structured valuation methodology and cross-checked information across multiple reliable sources.

Whenever possible, we relied on direct disclosures. These include announced valuations from completed funding rounds, public filings for listed telemedicine companies, and official acquisition prices.

When a telemedicine company is publicly listed, we use its current market capitalization as the reference valuation.

If a company was acquired and no independent valuation can reasonably be estimated today, we use the acquisition price as the main reference point.

When a telemedicine startup recently raised capital but did not disclose its valuation, we estimate the implied valuation using typical dilution levels for that funding stage.

In some cases, we estimate valuations using operating metrics such as revenue, ARR, patient volume, covered lives, employer contracts, or healthcare provider relationships. We combine these metrics with valuation multiples from comparable digital health companies.

When direct financial data is unavailable, we may use carefully selected comparable startups and signals such as hiring growth, investor quality, geographic expansion, clinical partnerships, reimbursement coverage, or product traction.

All estimates follow a strict evidence hierarchy. Recent funding rounds with announced valuations carry the most weight, followed by public market information, acquisition prices, strong operating metrics, and comparable company analysis.

We also evaluate the age of every data point. Recent information carries more weight, while older funding valuations are treated cautiously and adjusted conservatively when necessary.

This is particularly important in the telemedicine market because public valuations, reimbursement conditions, patient demand, and investor sentiment can change quickly.

Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts and reasonable inferences.

Because valuation data is not always fully public, each telemedicine startup in the ranking is assigned a confidence level based on the reliability, recency, and consistency of the available evidence.

Full confidence means the valuation is supported by strong and recent evidence. Strong confidence means the estimate is well supported but includes minor inference. Partial confidence means the estimate relies more heavily on indirect signals. Low confidence means available information is limited or inconsistent.

When confidence is lower, we take a more conservative approach by widening the valuation range. This reflects the uncertainty and increases the probability that the true valuation falls within the estimated range.

This reflects how we conduct all our research, including the work behind our report covering the telemedicine market.

In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.

If you want the full detail on a specific valuation estimate, feel free to contact us and we will gladly explain.

Finally, know that we update the dataset once per month, so come back here if you need fresh information.

Related blog posts

- What are the latest fundraising trends in the telemedicine market?

- Which companies have raised the most funding in the telemedicine market?

- Is fundraising strong in the telemedicine market right now?

- A full list of funding deals in the telemedicine market

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