Substrate
PrivateLast Round
Convertible Debt
Jun 30, 2026
Total Funding Raised
$8.98M
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Substrate is a healthcare technology company that develops AI-native agents to automate revenue cycle management tasks for medical billing teams.
Sector
Healthcare & Life Sciences
Verticals
Revenue Cycle, Vertical SaaS, NLP & Conversational AI, Workflow Automation
Business Model
B2B
Customer Profile
Subscription SaaS, Usage-Based SaaS
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Substrate Comparables
Compare Substrate with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Aegis Health | 87% | |
| Droidal | 84% | |
| Guardian AI | 84% |
Substrate Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Convertible Debt | Jun 30, 2026 | ||||
| Accelerator | Jun 1, 2024 | ||||
| Convertible Debt | Mar 20, 2024 | ||||
| Follow-on Offering | Dec 19, 2023 | ||||
| Grant | Jan 7, 2019 | ||||
Pre Seed | Apr 22, 2016 |
Substrate Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Spanish Society for Technological Transformation | Convertible Debt |
| Blockchain Capital | Pre Seed |
| Y Combinator | Accelerator |
| Fenbushi Capital | Pre Seed |
| Ethereum Foundation | Grant |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jun 30, 2026
$45.1M raised, led by Spanish Society for Technological Transformation.
- May 19, 2026
Monthly visitors grew 171% MoM, reaching 1.3K.
Substrate Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about Substrate's valuation, stock price, and market status.
Is Substrate a public or private company?
Substrate is a private company.
What is the current stock price of Substrate?
Substrate is a private company with no public stock price. No recent secondary market data is available.
How much is Substrate worth (valuation)?
Valuation information for Substrate is not publicly available.
Can I buy Substrate stock?
Substrate shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.
When was Substrate's last funding round?
Substrate's most recent funding round was Grant on January 7, 2019.
Who are the main investors in Substrate?
Key investors in Substrate include Blockchain Capital, Fenbushi Capital, Ethereum Foundation.
Will Substrate IPO soon?
No public IPO plans have been announced for Substrate.
How can I track Substrate secondary market activity?
Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Substrate's secondary market activity and sign up for updates.