Topography Health is a clinical trials platform for community physicians, offering staffing, regulatory training, tech, and operational support. It helps independent practices run studies and expand access to research for sponsors and patients.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
Previous Price
Seed 2020
How to Invest in Topography Health Through UpMarket
Topography Health shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Topography Health offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
${{aum_amount_brokered_en}}B+
UpMarket has brokered over ${{aum_amount_brokered_en}} billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through {{aum_as_of_date_en}}. Of the total, approximately ${{aum_amount_managed_en}} million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.
Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Jan 2022
Series A
2020
Seed
Why Investors Are Watching Topography Health
Growth Signal
Topography launched with $27.5M to scale trial sites
Topography Health launched in January 2022 with $27.5 million total funding, including a $21.5 million Series A led by Bain Capital Ventures and a $6 million seed led by Andreessen Horowitz. The company is building a full-stack clinical trials platform for community physicians to expand drug trial participation.
Competitive Moat
Managed marketplace model targets hard-to-reach trial supply
Andreessen Horowitz said Topography is building a managed marketplace of new trialist supply to improve the throughput and diversity of clinical trials. The platform gives practices staffing, operational support, regulatory training, tech, working capital, and business development to match studies with patient populations.
Market Opportunity
Clinical study volume is growing 15% annually worldwide
Andreessen Horowitz noted that the total number of active studies is growing at 15% CAGR globally, expanding the addressable market for trial site capacity. Topography's model aims to unlock investigator capacity in community practices, where participation barriers remain high.
Interested in Topography Health stock? Fill out the form above or sign up directly. Subject to availability. Accredited investors only.
UpMarket curates and conducts independent diligence on every investment opportunity before it reaches the platform.
Strategy, fees & legal reviewed in full
We review every offering's strategy, risk management, liquidity, fees, valuation methodology, tax matters, and all third-party providers — legal counsel, auditor, administrator, and custodian.
Disciplined managers only
We offer investments exclusively from disciplined managers that pursue unique strategies across an array of asset classes.
Built around your objectives
Our goal is to empower you to build a portfolio that best meets your individual investment objectives.
No. As of March 2026, Topography Health is a private company and does not trade on any public stock exchange. Accredited investors can access Topography Health shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Topography 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 Topography 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. Topography 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.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
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.
Topography Health runs a clinical trials platform for community physicians with staffing, regulatory training, tech, and operational support, and launched with $27.5M to scale trial sites — accredited investors can access Topography Health stock through UpMarket.