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Penelope Health

1 viewer · 30d

Total raised

$2.7M

+$2.7M this year

1 filing since 2026 · latest Options filed

Cumulative raised
LAST ROUND
Options · $2.7M
ROUNDS
1
INVESTORS
5
FOUNDED
2026
HQ
Dover, DE
SECTOR
Healthcare
EMPLOYEES
N/A
30D VIEWERS
1

AI overview

Updated

Penelope Health builds infrastructure for payer medical coverage policy data. It extracts and structures medical policies from major US insurers into a queryable knowledge graph covering more than 500,000 CPT, HCPCS and ICD codes and over two million medical necessity criteria, delivered through a web app and an API. Customers use it to check whether a code is covered, excluded or considered experimental for a given payer and plan, compare coverage across payers, and generate prior authorization requests and appeal letters. The company was founded by Sohum Patel, a Cambridge-trained physician, and Mattijs De Paepe.

What sets it apart

Neutral, continuously updated policy infrastructure that turns unstructured payer coverage documents into programmable data with sub-second API lookups, replacing manual searches of individual insurer websites.

Funding history

1 round
OptionsApr 6, 2026
Form D
+$2.7M$2.7M total

Latest SEC filings

via EDGAR · CIK 0002131697
Form D · Apr 6, 2026View on EDGAR

Products

1 tracked

Penelope coverage policy platform

Healthcare data API

A web application and API over a knowledge graph of payer medical coverage policies from insurers including UnitedHealthcare, Cigna, Aetna and Humana, updated with new policies every working day.

  • Code coverage lookup for CPT, HCPCS and ICD codes by payer and plan
  • Over two million extracted medical necessity criteria with AND/OR logic
  • Daily policy updates as payers publish changes
  • Cross-payer coverage comparison