Renalis is a Cleveland-based digital health company developing prescription digital therapeutics for pelvic health disorders. Its first product is CeCe, a mobile-enhanced therapeutic for overactive bladder symptoms. The company is private and has raised pre-seed funding.
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Renalis 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 |
|---|---|---|---|
| Sep 2021 | Pre-Seed |
Renalis closed an **$824K pre-seed round** led by the Healthcare Collaboration Fund to accelerate its digital health platform for pelvic health disorders. The company is based in Cleveland and positions its product around treatment support for a large but under-served clinical category.
Renalis says it is committed to treating **pelvic health disorders**, which suggests focus on a specialized care path rather than broad consumer health. Its 2021 funding announcement implies investors saw room for a platform built around a defined medical category with repeat care needs.
The company’s disclosed funding was **$824K**, a relatively small pre-seed amount that can limit product development, hiring, and clinical validation. Publicly available results also show sparse company-specific updates, which increases execution and visibility risk for investors.
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No. As of March 2026, Renalis is a private company and does not trade on any public stock exchange. Accredited investors can access Renalis shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Renalis 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 Renalis 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 more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Renalis 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.
Renalis is a Cleveland-based digital health company developing prescription digital therapeutics for pelvic health disorders, with its first product CeCe and a recent $824K pre-seed round to scale the platform — accredited investors can access Renalis stock through UpMarket.