Funding profile · Behavioral health revenue cycle

Sohar Health

A Y Combinator eligibility API with a $3.8 million seed, five named behavioral health customers, and no SEC filing. Three published accounts of that round disagree.

Data as of September 24, 2026. Company-reported figures are labeled.

Rounds at a glance

What the filings show

Reading the filings

1. A $3.8 million round left no federal paper trail.An EDGAR company search returns no matching companies and a full text search returns zero documents. Eighteen months on there is no Form D and no vehicle. That fits a raise made under Section 4(a)(2) rather than Regulation D, common for priced seed rounds with a few institutional buyers. It is not evidence that no money moved. It does mean the amount, the first sale date and the investor count cannot be checked.
2. The only split available is arithmetic, and it is almost certainly wrong.Four named investors against $3.8 million averages $950,000 each. Y Combinator invests a fixed standard amount, well under that, so the lead almost certainly carries most of the round. With no filing, the real distribution is unknown.
3. The UK company was never the fundraising vehicle.Sohar Health Ltd incorporated with capital of one pound, filed micro company accounts in both its years, and applied for voluntary strike-off on Aug 8, 2025, four months after the seed was announced. A company holding a $3.8 million round does not file micro accounts. The operating entity is in the US, with no public filing record.
4. Three outlets published three different syndicates for one round.The company release and the lead investor both name Kindred Capital, Y Combinator, Rebel Fund and Concept Ventures. HIT Consultant and HLTH substitute General Catalyst and Character. Bae HQ names NEA, Max Ventures and Coalition Operators, and a founder who appears in no other source. With no Form D, nothing settles it.
5. The pre-seed date does not reconcile.Concept Ventures describes backing the company at pre-seed in 2022. The company says it was founded in 2023, the UK entity incorporated Apr 27, 2023, and the YC launch post places the pre-seed after 2023 customer discovery. The filings favor 2023.
6. Volume is the one trend line with two dated endpoints.At its 2023 launch the company said it ran upwards of 60,000 checks a month, roughly 720,000 a year. In 2026 its own site gives two figures, over 4 million and more than 5 million a year. Against the 2023 rate that is growth of roughly 5.5 to 7 times in three years. Both endpoints are company-stated.

Commercial signals

What to watch

• A first Form D. A Series A priced under Regulation D would produce one within 15 days of first sale.
• The US entity name and state of incorporation, which no public filing yet establishes.
• Any amendment or correction that reconciles the three published investor lists.
• Whether customers keep issuing their own announcements. Two did in the nine months to January 2026.

The Sohar Health story on Healthcare DiscoveryHealthcare Discovery

Related companies

• Ribbon Health: Shared investor: General Catalyst. An API built to answer a question the American health system keeps getting wrong: is this doctor real, in network, and reachable at the number listed
• Aegis: Shared investor: Rebel Fund. A three person Y Combinator startup building AI agents that detect denied health insurance claims, draft the appeal, and file it, aiming to turn a two hour manual task
• Avelis Health: Shared investor: Rebel Fund. A Y Combinator startup that started by fighting patients’ medical bills, then pivoted to auditing every claim for self-insured employers before the money moves
• Memora Health: Shared investor: General Catalyst. A text messaging platform that automated patient follow up for Mayo Clinic, Penn Medicine and more than fifty other provider organizations

Sources

1. Not foundEDGAR company search and EDGAR full text search for Sohar HealthSEC · searched Sep 24, 2026
2. Public recordSOHAR HEALTH LTD overview, officers and filing historyCompanies House, UK · Apr 2023 to Nov 2025
3. IndependentSohar Health Raises $3.8M for AI-Driven Eligibility VerificationHIT Consultant · Mar 28, 2025
4. IndependentSohar Health raises $3.8m to streamline healthcare accessFinTech Global · Apr 14, 2025
5. IndependentSohar Health: $3.8 Million (Seed) SecuredPulse 2.0 · Mar 30, 2025
6. IndependentSohar Health Raises $3.8M for AI-Driven Eligibility Verification PlatformHLTH · Mar 31, 2025
7. DiffersSohar Health raises $3.8M for it’s AI-powered platformBae HQ · Apr 1, 2025
8. InvestorStreamlining Healthcare’s Front DoorConcept Ventures · 2025
9. CompanySohar Health Lands $3.8M to Open the Front Door to Faster, Fairer CarePR Newswire · Mar 28, 2025
10. CompanyY Combinator company page and Launch YC postY Combinator · 2023, accessed Sep 24, 2026
11. PartnerMindful Health Solutions and Tava Health partnership announcementsPR Newswire · Nov 6, 2025 and Jan 12, 2026
12. CompanySohar Health home page, Real-Time Eligibility page and customer case studiesSohar Health · accessed Sep 24, 2026

Compiled from SEC, Companies House and other public records and published reports as of September 24, 2026. Form D notices report offerings under Regulation D; the absence of one does not by itself mean no securities were sold, since offerings made under Section 4(a)(2) file no Form D. Healthcare Venture Capital Fund holds no position in Sohar Health. This page is not an offer to sell or a recommendation to buy any security.