Koda Health is a healthcare technology company focused on advance care planning. Its platform helps patients create legally actionable treatment instructions and share them with care teams. The company describes itself as combining digital tools with clinical support for healthcare organizations.
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Koda Health shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
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| Date | Round | PPS (split-adj.) | Valuation |
|---|---|---|---|
| Oct 2025 | Series A |
Koda Health added UPMC Enterprises as a strategic investor in an oversubscribed Series A round that closed in October, indicating continued investor demand. The company also previously announced a Seed+ round led by Ecliptic Capital with Memorial Hermann, AARP and TMC Venture Fund participation.
Koda's backers include Memorial Hermann Health System, UPMC Enterprises and the Texas Medical Center Venture Fund, giving it institutional healthcare credibility. Participation from AARP also suggests appeal across patient and aging-care stakeholders.
Koda describes itself as a digital advance care planning company, positioning it in a workflow used for serious illness, end-of-life and care-preference documentation. The company says the new capital will expand advance care planning capabilities, signaling room for national scale.
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No. As of March 2026, Koda Health is a private company and does not trade on any public stock exchange. Accredited investors can access Koda Health shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Koda Health does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Koda Health shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Koda Health shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
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UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Koda Health helps patients create legally actionable advance care plans and share them with care teams, with a $7M oversubscribed Series A backed by UPMC — accredited investors can access Koda Health stock through UpMarket.