Companies · Healthtech

Acutus Medical, Inc.

CARLSBAD · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Acutus Medical, Inc. — recommendation, valuation, rhythm, risks.
$296.3M
Total raised · real
8
Rounds
0.0×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Jun 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Acutus Medical, Inc. looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the healthtech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.06× the median modeled value of Series D+ Healthtech companies in 2022–2024 (17 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.0 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Healthtech

Acutus Medical, Inc. is one of 2138 Healthtech companies tracked from CARLSBAD. By capital raised it ranks among the largest (ahead of 99% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
2
Investors (latest)
2022-06-30
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BPre-Seed · 2011-06-02 Raised $1.0M (real) Modeled valuation $34M (est)Pre-Seed2011Series A · 2011-09-30 Raised $5.5M (real) Modeled valuation $124M (est)Series A2011Seed · 2011-09-30 Raised $3.3M (real) Modeled valuation $91M (est)Seed2011Series A · 2012-08-23 Raised $2.5M (real) Modeled valuation $56M (est)Series A2012Series C · 2013-06-07 Raised $49M (real) Modeled valuation $1.2B (est)Series C2013Series B · 2013-06-07 Raised $22M (real) Modeled valuation $555M (est)Series B2013Series B · 2013-06-07 Raised $21M (real) Modeled valuation $510M (est)Series B2013Series C · 2016-03-14 Raised $75M (real) Modeled valuation $1.9B (est)Series C2016Series C · 2018-06-07 Raised $23M (real) Modeled valuation $584M (est)Series C2018Series D+ · 2019-06-12 Raised $137M (real) Modeled valuation $3.5B (est)Series D+2019Series D+ · 2019-06-12 Raised $107M (real) Modeled valuation $2.8B (est)Series D+2019Series D+ · 2022-06-30 Raised $4.2M (real) Modeled valuation $69M (est)Series D+2022Cumulative $450M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$1.0M · 2011
Series A$5.5M · 2011no Seed on file
Bridge · Series A-stage$3.3M · 2011smaller follow-on
Series A extension$2.5M · 2012
Series C$48.6M · 2013no Series B on file
Bridge · Series C-stage$22.4M · 2013smaller follow-on
Bridge · Series C-stage$20.6M · 2013smaller follow-on
Series C extension$75.0M · 2016
Series C extension$22.8M · 2018
Series D+$136.7M · 2019
Series D+ extension$107.0M · 2019
Series D+ extension$4.2M · 2022

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$69.0M
Base estimate est.
$22.4M
Conservative case
$120.4M
Upside case
$35.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $34.5M · 2011-06-022011Series A · modeled $123.6M · 2011-09-30Seed · modeled $90.8M · 2011-09-30Series A · modeled $56.4M · 2012-08-23Series C · modeled $1.2B · 2013-06-07Series B · modeled $555.1M · 2013-06-07Series B · modeled $510.5M · 2013-06-07Series C · modeled $1.9B · 2016-03-14Series C · modeled $583.5M · 2018-06-07Series D+ · modeled $3.5B · 2019-06-12Series D+ · modeled $2.8B · 2019-06-12Series D+ · modeled $69.0M · 2022-06-302022
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
80%
Survival probability
64% low · 88% high
1.25×/yr
Annual markup
1.40×/yr upside case
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$26.7M/yr
Capital velocity
15.1 yr
On record since
2011
First round
12
Rounds on file
How it compares to the market

Benchmarked against 2138 companies in Healthtech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 66× above median
This company$296.3M
Sector median$4.5M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.0× of median
This company$4.2M
Sector median$115.5M
Modeled value — vs sector median (estimate, all stages) 2.0× above median
This company$69.0M
Sector median$33.8M

Raised more than 99% of sector peers (real $). Modeled value above 69% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #15 of 17.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0B$10.0BCapital raised (log)Monogram Health Holdings, Inc. · Series D+ Raised $535.1M · modeled $5.5B (est)Lyra Health, Inc. · Series D+ Raised $867.7M · modeled $4.3B (est)Aledade, Inc. · Series D+ Raised $662.6M · modeled $3.5B (est)Clarify Health Solutions, Inc. · Series D+ Raised $372.7M · modeled $2.9B (est)Insightec Ltd · Series D+ Raised $436.4M · modeled $1.6B (est)Nalu Medical, Inc. · Series D+ Raised $127.0M · modeled $1.4B (est)RefleXion Medical, Inc. · Series D+ Raised $413.0M · modeled $1.3B (est)Altus Community Healthcare, LP · Series D+ Raised $330.5M · modeled $1.2B (est)Rightway Healthcare, Inc. · Series D+ Raised $205.8M · modeled $1.2B (est)Medical Microinstruments, Inc. · Series D+ Raised $103.0M · modeled $1.2B (est)Spring Care, Inc. · Series D+ Raised $385.9M · modeled $1.0B (est)K Health, Inc. · Series D+ Raised $353.4M · modeled $915.7M (est)Acutus Medical, Inc. (this company) Raised $296.3M · modeled $69.0M (est)Acutus Medical, Inc.
CompanyStageRaised · realValue · estvs peer med.
Monogram Health Holdings, Inc.Series D+$535.1M$5.5B4.56×
Lyra Health, Inc.Series D+$867.7M$4.3B3.56×
Aledade, Inc.Series D+$662.6M$3.5B2.86×
Clarify Health Solutions, Inc.Series D+$372.7M$2.9B2.38×
Insightec LtdSeries D+$436.4M$1.6B1.31×
Nalu Medical, Inc.Series D+$127.0M$1.4B1.12×
RefleXion Medical, Inc.Series D+$413.0M$1.3B1.07×
Altus Community Healthcare, LPSeries D+$330.5M$1.2B1.02×
Rightway Healthcare, Inc.Series D+$205.8M$1.2B1.00×
Medical Microinstruments, Inc.Series D+$103.0M$1.2B0.97×
Spring Care, Inc.Series D+$385.9M$1.0B0.86×
K Health, Inc.Series D+$353.4M$915.7M0.76×
Acutus Medical, Inc. this companySeries D+$296.3M$69.0M0.06×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$1.0M2011-06-02$5.6M$34.5M85%
Series A$5.5M2011-09-30$24.9M$123.6M85%
Seed$3.3M2011-09-30$16.4M$90.8M85%
Series A$2.5M2012-08-23$11.4M$56.4M85%
Series C$48.6M2013-06-07$324.0M$1.2B85%
Series B$22.4M2013-06-07$124.4M$555.1M85%
Series B$20.6M2013-06-07$114.4M$510.5M85%
Series C$75.0M2016-03-14$500.0M$1.9B85%
Series C$22.8M2018-06-07$152.1M$583.5M90%
Series D+$136.7M2019-06-12$1.1B$3.5B90%
Series D+$107.0M2019-06-12$891.5M$2.8B90%
Series D+$4.2M2022-06-30$35.0M$69.0M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$1.0M2011-06-02
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Series A$5.5M2011-09-30
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 5.5× larger than the prior — scaling up.
    • 6 investors on this round.
  3. Seed$3.3M2011-09-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  4. Series A$2.5M2012-08-23
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  5. Series C$48.6M2013-06-07
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 19.4× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 8 investors on this round.
  6. Series B$22.4M2013-06-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× smaller than the prior — bridge or down round.
    • Switched to Rule 06 (was Rule 506(b)).
    • 8 investors on this round.
  7. Series B$20.6M2013-06-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  8. Series C$75.0M2016-03-14
    • Raised again after 33 mo — slower than the ~14 mo sector norm.
    • Round 3.6× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 7 investors on this round.
  9. Series C$22.8M2018-06-07
    • Raised again after 27 mo — slower than the ~14 mo sector norm.
    • Round 3.3× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  10. Series D+$136.7M2019-06-12
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round 6.0× larger than the prior — scaling up.
    • 56 investors on this round.
  11. Series D+$107.0M2019-06-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
  12. Series D+$4.2M2022-06-30
    • Raised again after 37 mo — slower than the ~14 mo sector norm.
    • Round 25.5× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2023 ~Q3
Modeled next raise · ~12mo cadence
$4.2M
Modeled next size est.range $4.2M$6.7M
0.0×
Last step-up
$26.7M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Kevin Johnson11 other2011-06
Steven Hochberg8 other2016-03
Andrew ElBardissi6 other2022-06
Scott Huennekens6 other2022-06
David Bonita5 other2016-03
Aditya Puri3 other2016-03
John Onopchenko3 other2016-03
Shahzad Malik3 other2012-08
Vince Burgess2 other2013-06
Jim Hinrichs1 other2022-06
John Sheridan1 other2022-06
Niamh Pellegrini1 other2022-06
Randy Werneth1 other2011-06
Shaden Marzouk1 other2022-06
Andrew El Bardissi2018-06
Bert Van Meurs2018-06
Christoph Scharf2011-09
Daniella Cramp2022-06
David Roman2022-06
Gary Doherty2019-06
Graydon Beatty2013-06
John Dahldorf2016-03
Steven McQuillan2022-06
Registry & provenance

Acutus Medical, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1522860
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Twin Health, Inc.HealthtechSeries D+$243.2M$421.6Mnetwork1 shared operator · same sector · same stage
Conventus Orthopaedics IncOther Health CareSeries C$144.2M$921.2Mnetwork3 shared operators
Bardavon Health Innovations, Inc.HealthtechSeries D+$156.8M$56.8Msame sector · same stage
Aravive, Inc.BiotechnologySeries C$156.1M$702.9Mnetwork2 shared operators
Endologix Inc /De/Other Health CareSeries D+$420.0M$4.8Bnetwork1 shared operator · same stage
Adela, Inc.BiotechnologySeries C$108.5M$156.3Mnetwork2 shared operators
Juniper Networks IncTelecommunicationsSeries D+$163.6M$78.1Mnetwork1 shared operator · same stage
Axiom Health, Inc.HealthtechSeries A$4.8M$43.9Mnetwork1 shared operator · same sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Helius Medical Technologies, Inc.HealthtechSeed$13.4M85%
AcQumen Medical, Inc.HealthtechPre-Seed$759K84%
Acuitive Technologies, Inc.Software / TechSeries A$90.3M84%
Roman Health Ventures Inc.HealthtechGrowth/Late$11.7B83%
Maximus Health, Inc.HealthtechSeries A$94.8M83%
Fort Health, Inc.HealthtechSeries A$75.4M83%
What About Health, Inc.HealthtechPre-Seed$7.6M83%
Abilitech Medical, Inc.HealthtechSeries A$42.5M83%
Frequently asked
How much funding has Acutus Medical, Inc. raised?
Acutus Medical, Inc. has raised approximately $296.3M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Acutus Medical, Inc.'s estimated valuation?
Provath's modeled valuation for Acutus Medical, Inc. is approximately $69.0M (modeled range $22.4M–$120.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Acutus Medical, Inc. at?
Acutus Medical, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Jun 30.
What does Acutus Medical, Inc. do and where is it based?
Acutus Medical, Inc. operates in the Healthtech sector, based in CARLSBAD.
Explore related

See where Acutus Medical, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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