Funding profile · Healthcare transaction infrastructure

Eligible

A healthcare API company that says it raised more than $25 million and has $2.68 million of it on file with the SEC. The last Form D landed in January 2015. The service is still running.

$2.68MTotal sold across both Form D notices, 2012 and 2015
$25M+Total raised, company-reported since 2017, unmatched on EDGAR
32Investors counted in the two filings, 9 then 23
2015Year of the most recent Form D; none in the 11 years since

Data as of September 22, 2026. Company-reported figures are labeled.

Rounds at a glance

When Round Amount Investors Source
Summer 2012 Y Combinator batch Not disclosed Y Combinator YC data
Jun to Oct 2012 First Regulation D offering $329,918 sold of $519,918 9 investors, unnamed Form D
Post YC Round described by the founder $1.6M Not named Founder-stated
2013 to 2014 Seed via AngelList and SecondMarket More than $1.5M reported David Lee, Esther Dyson, Michael Liou of Anvil Capital, Anand Swaminathan, Andreessen Horowitz per Pando Daily; also Fresco Capital and RTA Capital Press report
Jan 2015 Second Regulation D offering $2,352,978 sold of $2,602,976 23 investors, unnamed Form D
2016 Raise after a profitable year Lifts reported total to $25M+ Drew Houston, Naval Ravikant, Steve Huffman named among others Company-stated
2015 to 2026 No further Form D None on file None SEC EDGAR

What the filings show

Eligible Inc. · Form D · filed Jan 29, 2015

First sale
Jan 14, 2015
Offered
$2,602,976 equity
Sold
$2,352,978 · $249,998 remaining
Investors
23 · average about $102,300
Exemption
Rule 506(b)
Related persons
Katelyn Gleason (executive officer, director, promoter), sole name listed
Issuer address
San Francisco, CA · incorporated in Delaware, 2011
Filing
SEC EDGAR, CIK 0001560548

Eligible Inc. · Form D · filed Oct 19, 2012

First sale
Jun 2, 2012
Offered
$519,918 · equity, debt and other securities
Sold
$329,918 · $190,000 remaining
Investors
9 · average about $36,700
Exemption
Rule 506
Related persons
Katelyn Gleason (executive officer, director); Patrice Krakow (director)
Issuer address
Mountain View, CA
Filing
SEC EDGAR, CIK 0001560548

Reading the filings

  1. About a ninth of the claimed capital is on file.The two notices sold $329,918 and $2,352,978, or $2,682,896 together. Against a reported total above $25 million that is roughly 11 percent. The remainder left no Form D under the company’s own CIK.
  2. Both offerings closed short of target.The 2012 notice sold 63 percent of what it offered and the 2015 notice sold 90 percent. Neither was ever amended to close the gap, and no amendment exists to record later sales into either offering.
  3. The checks are angel sized, not fund sized.Nine investors averaged about $36,700 in 2012 and twenty three averaged about $102,300 in 2015. Those averages fit the AngelList and SecondMarket syndicate route that MobiHealthNews described in February 2015, not a priced institutional round.
  4. Form D undercounts this company by design.An issuer raising under Section 4(a)(2) files nothing, and syndicate vehicles file under their own names rather than the company’s. The reported 2014 seed of more than $1.5 million and the 2016 raise both fall in that blind spot. The absence of filings is not evidence that the money did not move.
  5. The cap table is invisible and the board never widened on paper.The 2012 notice named Gleason plus one director, Patrice Krakow. The 2015 notice names Gleason alone, as executive officer, director and promoter. No venture investor ever appears in a related persons box, which is unusual for a company said to have taken $25 million.
  6. The issuer address never moved.EDGAR still lists 18 Lansing Street, Apt. 401, San Francisco for Eligible Inc., although the company has operated from Brooklyn since roughly 2016. Nothing has been filed that would update it.

Commercial signals

Signal Detail Source type
API live gds.eligibleapi.com returned HTTP 401 with a JSON authentication error and a server header of Eligible on Sep 23, 2026. Public record
Uptime reporting status.eligible.com showed All Systems Operational on Sep 23, 2026. Its feed carries 25 published incidents between Sep 2019 and Oct 2025, with written post incident updates. Public record
Certifications HITRUST r2 and NIST CSF v1.1 valid through May 2028, and SOC 2 Type II with zero exceptions, both assessed by A-LIGN and announced in 2026. Certifier
Volume Over 110,000 providers a month and roughly $4.8 billion a year in expenditure, per the company in March 2023. Close to 20 million transactions a month in 2018. Company-stated
Pricing Five cents per transaction for the first 250,000 calls, declining with volume, as reported in 2015. Press report
Customers Cleveland Clinic, HMS Holdings and RadNet named in 2018; ZocDoc, Heal and Carbon Health described as powered by Eligible. None named since. Company-stated
Head count LinkedIn lists 11 to 50 employees in Brooklyn. The Y Combinator directory entry carries no team size at all. Sources differ

What to watch

  • A Form D for any financing after January 2015, which would be the first filed evidence of the money the company says it raised.
  • An amendment to either open offering, each of which still shows an unsold remainder.
  • Renewal of HITRUST r2 and NIST CSF v1.1, both of which lapse in May 2028.
  • Any named customer or updated volume figure after the March 2023 blog post.
  • Whether well funded entrants selling the same HIPAA transactions force a public response from a company that has not marketed itself in eight years.

The Eligible story on Healthcare DiscoveryHealthcare Discovery

Related companies

  • Ribbon Health: Shared investor: Andreessen Horowitz. 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
  • Memora Health: Shared investor: Andreessen Horowitz. A text messaging platform that automated patient follow up for Mayo Clinic, Penn Medicine and more than fifty other provider organizations
  • Medmonk: Shared investor: Andreessen Horowitz. It began as a pharmacist’s spreadsheet for finding money for patients who could not pay for their drugs
  • Apero Health: Shared investor: Andreessen Horowitz. An API driven practice management platform that folds scheduling, visit notes, insurance billing, patient payments and e-prescriptions into one system for medical

Sources

  1. Public recordForm D, Eligible Inc., accession 0001560548-12-000001SEC · Oct 19, 2012
  2. Public recordForm D, Eligible Inc., accession 0001560548-15-000004SEC · Jan 29, 2015
  3. Public recordEDGAR company filing index and address of record, CIK 0001560548SEC · accessed Sep 23, 2026
  4. Public recordEligible Inc Status components and incident feedAtlassian Statuspage · accessed Sep 23, 2026
  5. Public recordHTTP responses from gds.eligibleapi.com and eligible.comDirect request · Sep 23, 2026
  6. IndependentEligible raises $2.3 million for health insurance eligibility APIMobiHealthNews · Feb 2, 2015
  7. IndependentEligible founder Katelyn Gleason’s plan to upend the billion dollar medical billing industryTechCrunch · Mar 25, 2017
  8. IndependentWhy one of the only women to go through Y Combinator twice moved her company to NYCBuilt In NYC · Feb 28, 2017
  9. InterviewCreating a New Product Category with Katelyn Gleason of EligibleIndie Hackers · 2018
  10. IndependentEligible’s Platform Services Attain HITRUST r2 and NIST Cybersecurity Framework v1.1 CertificationsPR Newswire · Jul 7, 2026
  11. IndependentEligible Successfully Completes SOC 2 Audit with Zero ExceptionsPR Newswire · Sep 8, 2026
  12. CompanyMy Journey From Struggling Actress to Successful Tech CEOWomen 2.0 · Aug 16, 2017
  13. CompanyWhy We Limit Access to Our Platform, Eligible blog feedEligible · Mar 15, 2023
  14. CompanyEligible company directory entry and LinkedIn pageY Combinator and LinkedIn · accessed Sep 23, 2026

Compiled from SEC and other public records and published reports as of September 22, 2026. Form D notices report offerings under Regulation D; amounts reflect the filing date. Healthcare Venture Capital Fund holds no position in Eligible. This page is not an offer to sell or a recommendation to buy any security.