Companies · Healthtech

Avantis Medical Systems Inc

SAN JOSE · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Avantis Medical Systems Inc — recommendation, valuation, rhythm, risks.
$47.5M
Total raised · real
14
Rounds
4.3×
Latest step-up
Top 11%
Sector rank · raised
Series B
Latest stage · inferred · Wed Feb 28 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Avantis Medical Systems 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 0.11× the median modeled value of Series B Healthtech companies in 2016–2018 (33 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.3 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Avantis Medical Systems Inc behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
16.6 yr record
Peak capital year was 2013 with $21.8M across 5 filings.
Market position
ahead of 90% of Healthtech peers
Capital scale is ahead of 90% of Healthtech peers; modeled value is above 65% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2013: $21.8M across 5 filings.
  • Largest single filing was $17.9M on 2011-06-24.
  • Filing rows sum to $62.7M, while canonical raised total is $47.5M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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

Avantis Medical Systems Inc is one of 2138 Healthtech companies tracked from SAN JOSE. By capital raised it ranks among the largest (ahead of 90% 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
4
Investors (latest)
2018-02-28
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$125M$250M$375M$500MSeed · 2009-12-10 Raised $1.4M (real) Modeled valuation $40M (est)Seed2009Seed · 2010-06-01 Raised $2.8M (real) Modeled valuation $78M (est)Seed · 2010-06-01 Raised $2.1M (real) Modeled valuation $59M (est)Seed2010Seed · 2010-11-18 Raised $2.3M (real) Modeled valuation $63M (est)Seed · 2010-11-18 Raised $1.5M (real) Modeled valuation $42M (est)Seed2010Seed · 2011-04-30 Raised $2.2M (real) Modeled valuation $61M (est)Series B · 2011-06-24 Raised $18M (real) Modeled valuation $443M (est)Series B2011Series B · 2011-09-30 Raised $150K (real) Modeled valuation $3.7M (est)Series B · 2012-04-19 Raised $800K (real) Modeled valuation $20M (est)Series B2012Seed · 2013-02-28 Raised $2.4M (real) Modeled valuation $65M (est)Series A · 2013-02-28 Raised $4.8M (real) Modeled valuation $109M (est)Series A2013Series B · 2013-02-28 Raised $10M (real) Modeled valuation $256M (est)Seed · 2013-02-28 Raised $3.0M (real) Modeled valuation $85M (est)Seed2013Seed · 2013-02-28 Raised $1.2M (real) Modeled valuation $35M (est)Series B · 2015-06-19 Raised $1.0M (real) Modeled valuation $25M (est)Series B2015Series B · 2015-09-29 Raised $2.0M (real) Modeled valuation $50M (est)Series B · 2016-03-15 Raised $1.8M (real) Modeled valuation $46M (est)Series B2016Series B · 2016-08-03 Raised $2.0M (real) Modeled valuation $50M (est)Series B · 2017-03-28 Raised $534K (real) Modeled valuation $13M (est)Series B2017Series B · 2018-02-28 Raised $2.3M (real) Modeled valuation $57M (est)Cumulative $63M

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$1.4M · 2009
Seed extension$2.8M · 2010
Seed extension$2.1M · 2010
Seed extension$2.3M · 2010
Seed extension$1.5M · 2010
Seed extension$2.2M · 2011
Series B$17.9M · 2011no Series A on file
Series B extension$150K · 2011
Series B extension$800K · 2012
Bridge · Series B-stage$2.4M · 2013smaller follow-on
Bridge · Series B-stage$4.8M · 2013smaller follow-on
Series B extension$10.3M · 2013
Bridge · Series B-stage$3.0M · 2013smaller follow-on
Bridge · Series B-stage$1.2M · 2013smaller follow-on
Series B extension$1.0M · 2015
Series B extension$2.0M · 2015
Series B extension$1.8M · 2016
Series B extension$2.0M · 2016
Series B extension$534K · 2017
Series B extension$2.3M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$56.7M
Base estimate est.
$5.4M
Conservative case
$218.3M
Upside case
$12.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Seed · modeled $39.8M · 2009-12-102009Seed · modeled $78.0M · 2010-06-01Seed · modeled $59.1M · 2010-06-01Seed · modeled $62.5M · 2010-11-18Seed · modeled $41.6M · 2010-11-18Seed · modeled $61.3M · 2011-04-30Series B · modeled $443.0M · 2011-06-24Series B · modeled $3.7M · 2011-09-30Series B · modeled $19.8M · 2012-04-19Seed · modeled $65.2M · 2013-02-28Series A · modeled $109.4M · 2013-02-28Series B · modeled $255.6M · 2013-02-28Seed · modeled $84.5M · 2013-02-28Seed · modeled $34.5M · 2013-02-28Series B · modeled $24.9M · 2015-06-19Series B · modeled $49.6M · 2015-09-29Series B · modeled $45.7M · 2016-03-15Series B · modeled $49.6M · 2016-08-03Series B · modeled $13.2M · 2017-03-28Series B · modeled $56.7M · 2018-02-282018
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.38×/yr
Annual markup
1.67×/yr upside case
6.0 yr
Elapsed time used
8.3 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$5.8M/yr
Capital velocity
16.6 yr
On record since
2009
First round
20
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) 11× above median
This company$47.5M
Sector median$4.5M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$2.3M
Sector median$18.3M
Modeled value — vs sector median (estimate, all stages) 1.7× above median
This company$56.7M
Sector median$33.8M

Raised more than 90% of sector peers (real $). Modeled value above 65% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #31 of 33.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Altimate Medical Holdings, Inc. · Series B Raised $40.0M · modeled $991.3M (est)Southeast Healthcare Partners II, LLC · Series B Raised $34.0M · modeled $842.6M (est)NRS Health & Wellness GP LLC · Series B Raised $32.8M · modeled $813.0M (est)Aspire Health, Inc. · Series B Raised $49.9M · modeled $776.9M (est)Uprising Health LLC · Series B Raised $30.5M · modeled $756.9M (est)OODA Health, Inc. · Series B Raised $30.5M · modeled $755.9M (est)Provision Healthcare, LLC · Series B Raised $30.4M · modeled $752.2M (est)Limelight Health, Inc. · Series B Raised $40.2M · modeled $743.5M (est)Cc Dental Implants Holding, Llc · Series B Raised $27.0M · modeled $669.6M (est)Inari Medical, Inc. · Series B Raised $51.9M · modeled $669.2M (est)HealthReveal, Inc. · Series B Raised $26.6M · modeled $659.2M (est)Global Wellness International, Inc. · Series B Raised $25.0M · modeled $619.6M (est)Avantis Medical Systems Inc (this company) Raised $47.5M · modeled $56.7M (est)Avantis Medical Systems Inc
CompanyStageRaised · realValue · estvs peer med.
Altimate Medical Holdings, Inc.Series B$40.0M$991.3M1.89×
Southeast Healthcare Partners II, LLCSeries B$34.0M$842.6M1.60×
NRS Health & Wellness GP LLCSeries B$32.8M$813.0M1.55×
Aspire Health, Inc.Series B$49.9M$776.9M1.48×
Uprising Health LLCSeries B$30.5M$756.9M1.44×
OODA Health, Inc.Series B$30.5M$755.9M1.44×
Provision Healthcare, LLCSeries B$30.4M$752.2M1.43×
Limelight Health, Inc.Series B$40.2M$743.5M1.41×
Cc Dental Implants Holding, LlcSeries B$27.0M$669.6M1.27×
Inari Medical, Inc.Series B$51.9M$669.2M1.27×
HealthReveal, Inc.Series B$26.6M$659.2M1.25×
Global Wellness International, Inc.Series B$25.0M$619.6M1.18×
Avantis Medical Systems Inc this companySeries B$47.5M$56.7M0.11×
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$1.4M2009-12-10$7.2M$39.8M85%
Seed$2.8M2010-06-01$14.1M$78.0M85%
Seed$2.1M2010-06-01$10.7M$59.1M85%
Seed$2.3M2010-11-18$11.3M$62.5M85%
Seed$1.5M2010-11-18$7.5M$41.6M85%
Seed$2.2M2011-04-30$11.1M$61.3M85%
Series B$17.9M2011-06-24$99.3M$443.0M85%
Series B$150K2011-09-30$833K$3.7M85%
Series B$800K2012-04-19$4.4M$19.8M85%
Seed$2.4M2013-02-28$11.8M$65.2M85%
Series A$4.8M2013-02-28$22.0M$109.4M85%
Series B$10.3M2013-02-28$57.3M$255.6M85%
Seed$3.0M2013-02-28$15.2M$84.5M85%
Seed$1.2M2013-02-28$6.2M$34.5M85%
Series B$1.0M2015-06-19$5.6M$24.9M85%
Series B$2.0M2015-09-29$11.1M$49.6M85%
Series B$1.8M2016-03-15$10.2M$45.7M85%
Series B$2.0M2016-08-03$11.1M$49.6M85%
Series B$534K2017-03-28$3.0M$13.2M90%
Series B$2.3M2018-02-28$12.7M$56.7M90%
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$1.4M2009-12-10
    • First recorded raise — entered as Seed.
    • 2 investors on this round.
  2. Seed$2.8M2010-06-01
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 21 investors on this round.
  3. Seed$2.1M2010-06-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 12 investors on this round.
  4. Seed$2.3M2010-11-18
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  5. Seed$1.5M2010-11-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  6. Seed$2.2M2011-04-30
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 9 investors on this round.
  7. Series B$17.9M2011-06-24
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 8.1× larger than the prior — scaling up.
    • 40 investors on this round.
  8. Series B$150K2011-09-30
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 119.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  9. Series B$800K2012-04-19
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 5.3× larger than the prior — scaling up.
    • 1 investor on this round.
  10. Seed$2.4M2013-02-28
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
    • 6 investors on this round.
  11. Series A$4.8M2013-02-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 6 investors on this round.
  12. Series B$10.3M2013-02-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× larger than the prior — scaling up.
    • 23 investors on this round.
  13. Seed$3.0M2013-02-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.4× smaller than the prior — bridge or down round.
    • Switched to Rule 06 (was Rule 506(b)).
    • 6 investors on this round.
  14. Seed$1.2M2013-02-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  15. Series B$1.0M2015-06-19
    • Raised again after 28 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 19 investors on this round.
  16. Series B$2.0M2015-09-29
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 1 investor on this round.
  17. Series B$1.8M2016-03-15
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  18. Series B$2.0M2016-08-03
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  19. Series B$534K2017-03-28
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round 3.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  20. Series B$2.3M2018-02-28
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 4.3× larger than the prior — scaling up.
    • 4 investors on this round.
Intelligence
2018 ~Q3
Modeled next raise · ~5mo cadence
$6.9M
Modeled next size est.range $4.5M$11.0M
4.3×
Last step-up
$5.8M/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
David Silverman14 other2013-02
Daniel George3 other2011-09
Howard Palefsky3 other2010-06
Richard Randall3 other2011-04
John J. Savarese2 other2011-06
Michael Mayer2 other2018-02
Scott Dodson2 other2009-12
Thomas Fogarty2 other2010-06
Daniel Turner III1 other2013-02
John Reed1 other2010-06
Robert Wah1 other2017-03
Thomas J. Fogarty1 other2009-12
Anthony DiTonno2013-02
Camran J. Nazhat2009-12
Camran J. Nezhat2010-06
Camran Neshat2010-11
Camran Nezhat2010-06
Fred R. Seddiqui2009-12
Howard J. Palefsky2009-12
Joe Kure2017-03
John H. Higgins2011-09
Mark TenBoer2010-11
Matthew Jenusaitis2010-06
Matthew J. Jenusaitis2009-12
Registry & provenance

Avantis Medical Systems 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
1325768
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
Upperline Health Holdings, Inc.HealthtechSeries B$47.5M$67.8Msame sector · same stage
Materna Medical IncHealthtechSeries B$46.9M$77.1Msame sector · same stage
Inbox Health Corp.HealthtechSeries B$49.9M$48.6Msame sector · same stage
Surely Health, Inc.HealthtechSeries B$42.9M$59.0Msame sector · same stage
Greater Good Healthcare Inc.HealthtechSeries B$41.9M$74.6Msame sector · same stage
Lexington Wellness Holdings Inc.HealthtechSeries B$41.3M$42.5Msame sector · same stage
Soar Health Inc.HealthtechSeries B$54.9M$73.9Msame sector · same stage
Tula Health, Inc.HealthtechSeries B$57.0M$37.3Msame 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
Avant-garde Health, Inc.HealthtechSeries A$155.7M90%
Encore Medical, Inc.HealthtechSeed$13.3M86%
Intus Care Inc.HealthtechSeries A$1.4M84%
NexGen Medical Systems IncHealthtechSeed$13.4M84%
Axial Healthcare, Inc.HealthtechSeries B$422.3M83%
Viemed Healthcare, Inc.HealthtechSeed$79.9M83%
Essential Medical, Inc.HealthtechSeries A$135.4M83%
Ventis Medical, Inc.HealthtechSeries A$13.9M83%
Frequently asked
How much funding has Avantis Medical Systems Inc raised?
Avantis Medical Systems Inc has raised approximately $47.5M in disclosed capital across 14 recorded financing rounds, aggregated from public filings.
What is Avantis Medical Systems Inc's estimated valuation?
Provath's modeled valuation for Avantis Medical Systems Inc is approximately $56.7M (modeled range $5.4M–$218.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Avantis Medical Systems Inc at?
Avantis Medical Systems Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Feb 28.
What does Avantis Medical Systems Inc do and where is it based?
Avantis Medical Systems Inc operates in the Healthtech sector, based in SAN JOSE.
Explore related

See where Avantis Medical Systems 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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