Companies · Healthtech

Aerwave Medical, Inc.

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

Diligence memoA one-page analyst read on Aerwave Medical, Inc. — recommendation, valuation, rhythm, risks.
$5.5M
Total raised · real
2
Rounds
8.1×
Latest step-up
Top 42%
Sector rank · raised
Seed
Latest stage · inferred · Mon Jun 27 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Aerwave Medical, Inc. looks over-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.

Over-valued
  • Modeled value is 3.58× the median modeled value of Seed Healthtech companies in 2022–2024 (162 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

Aerwave Medical, Inc. is one of 2138 Healthtech companies tracked from NAPLES. By capital raised it ranks mid-pack (ahead of 59% 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
58
Investors (latest)
2020
Year incorporated
2022-06-27
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$13M$25M$38M$50MSeed · 2021-01-13 Raised $1.5M (real) Modeled valuation $33M (est)$1.5M$33MSeed2021Pre-Seed · 2022-06-27 Raised $490K (real) Modeled valuation $6.1M (est)$490K$6.1MPre-Seed2022Seed · 2022-06-27 Raised $4.0M (real) Modeled valuation $45M (est)$4.0M$45MSeed2022+$490K+$4.0MCumulative $6.0M

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
Seed$1.5M · 2021
Bridge · Seed-stage$490K · 2022smaller follow-on
Seed extension$4.0M · 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
$45.1M
Base estimate est.
$3.4M
Conservative case
$206.9M
Upside case
$19.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Seed · modeled $33.0M · 2021-01-132021Pre-Seed · modeled $6.1M · 2022-06-27Seed · modeled $45.1M · 2022-06-272022
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.57×/yr
Annual markup
2.05×/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
9 mo
Avg between rounds
$3.8M/yr
Capital velocity
5.5 yr
On record since
2021
First round
3
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) 1.2× above median
This company$5.5M
Sector median$4.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 2.1× above median
This company$4.0M
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 1.3× above median
This company$45.1M
Sector median$33.8M

Raised more than 59% of sector peers (real $). Modeled value above 61% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #3 of 162.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)NJ Shore Wellness LLC · Seed Raised $4.0M · modeled $52.7M (est)Neb Health Inc · Seed Raised $3.7M · modeled $51.4M (est)Oya Care Ltd · Seed Raised $3.4M · modeled $45.0M (est)Aam Care, Inc. · Seed Raised $7.0M · modeled $45.0M (est)Medical Engineering Innovations, Inc. · Seed Raised $7.5M · modeled $44.5M (est)Virtual Health Partners, Inc. · Seed Raised $7.4M · modeled $43.2M (est)Pattern Health Technologies, Inc. · Seed Raised $3.3M · modeled $38.4M (est)Navigator Healthcare Inc. · Seed Raised $6.4M · modeled $38.1M (est)Cinematic Health Education, Inc. · Seed Raised $3.9M · modeled $37.7M (est)Fresenius Medical Care Winter Lake, LLC · Seed Raised $3.6M · modeled $37.3M (est)Oto Health Inc. · Seed Raised $3.3M · modeled $36.8M (est)Aerwave Medical, Inc. (this company) Raised $5.5M · modeled $45.1M (est)Aerwave Medical, Inc.
CompanyStageRaised · realValue · estvs peer med.
NJ Shore Wellness LLCSeed$4.0M$52.7M4.18×
Neb Health IncSeed$3.7M$51.4M4.08×
Aerwave Medical, Inc. this companySeed$5.5M$45.1M3.58×
Oya Care LtdSeed$3.4M$45.0M3.57×
Aam Care, Inc.Seed$7.0M$45.0M3.57×
Medical Engineering Innovations, Inc.Seed$7.5M$44.5M3.53×
Virtual Health Partners, Inc.Seed$7.4M$43.2M3.43×
Pattern Health Technologies, Inc.Seed$3.3M$38.4M3.05×
Navigator Healthcare Inc.Seed$6.4M$38.1M3.02×
Cinematic Health Education, Inc.Seed$3.9M$37.7M2.99×
Fresenius Medical Care Winter Lake, LLCSeed$3.6M$37.3M2.96×
Oto Health Inc.Seed$3.3M$36.8M2.92×
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.
Seed$1.5M2021-01-13$7.6M$33.0M90%
Pre-Seed$490K2022-06-27$2.7M$6.1M90%
Seed$4.0M2022-06-27$19.8M$45.1M90%
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. Seed$1.5M2021-01-13
    • First recorded raise — entered as Seed.
    • 14 investors on this round.
  2. Pre-Seed$490K2022-06-27
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round 3.1× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  3. Seed$4.0M2022-06-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 8.1× larger than the prior — scaling up.
    • 58 investors on this round.
Intelligence
2023 ~Q1
Modeled next raise · ~9mo cadence
$11.9M
Modeled next size est.range $7.7M$19.0M
8.1×
Last step-up
$3.8M/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
Patrick Gallagher10 other2022-06
Jeffrey O'Donnell6 other2021-01
Matthew Duffy4 other2022-06
James Ahern3 other2022-06
Craig K. Carra1 other2022-06
Reinhard Warnking2022-06
Tony Hodges2022-06
Registry & provenance

Aerwave 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
1840700
SEC CIK
2020
Incorporated
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
Algorithm Sciences, Inc.BiotechnologySeed$7.2M$1.9Mnetwork4 shared operators · same stage
Voltron Therapeutics, Inc.BiotechnologySeed$9.4M$39.4Mnetwork3 shared operators · same stage
Trice Medical, Inc.HealthtechSeries C$124.2M$115.8Mnetwork2 shared operators · same sector
PD Theranostics, Inc.BiotechnologyPre-Seed$508K$5.6Mnetwork3 shared operators
Health: ELT, LLCHealthtechSeed$5.3M$42.6Msame sector · same stage
Access HealthNet Holdings, Inc.HealthtechSeed$5.7M$27.7Msame sector · same stage
Healthcubed IncHealthtechSeed$6.0M$55.5Msame sector · same stage
Syntilla Medical, LLCHealthtechSeed$6.0M$41.4Msame sector · same stage
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
ShockWave Medical, Inc.HealthtechSeries C$255.8M88%
Mindwave Medical, Inc.HealthtechPre-Seed$836K86%
Radwave Technologies Inc.Software / TechSeed$1.7M86%
Aerin Medical Inc.HealthtechSeries C$243.4M84%
Mae Health, Inc.HealthtechSeed$7.6M82%
Truvic Medical, Inc.HealthtechSeries A$132.9M82%
Aam Care, Inc.HealthtechSeed$45.0M82%
E-Health Partners, Inc.HealthtechSeries A$28.7M82%
Frequently asked
How much funding has Aerwave Medical, Inc. raised?
Aerwave Medical, Inc. has raised approximately $5.5M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Aerwave Medical, Inc.'s estimated valuation?
Provath's modeled valuation for Aerwave Medical, Inc. is approximately $45.1M (modeled range $3.4M–$206.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Aerwave Medical, Inc. at?
Aerwave Medical, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Jun 27.
What does Aerwave Medical, Inc. do and where is it based?
Aerwave Medical, Inc. operates in the Healthtech sector, based in NAPLES.
Explore related

See where Aerwave 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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