Companies · Healthtech

Basis Medical, LLC

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

Diligence memoA one-page analyst read on Basis Medical, LLC — recommendation, valuation, rhythm, risks.
$890K
Total raised · real
3
Rounds
0.2×
Latest step-up
Top 75%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Dec 02 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Basis Medical, LLC looks under-valued against its niche peers and is at-risk 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 0.43× the median modeled value of Pre-Seed Healthtech companies in 2022–2024 (174 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.6 yr ago; this sector typically re-raises about every 14 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.

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

Issuer-vehicle patternmedium confidence

Basis Medical, LLC 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
8.2 yr record
Peak capital year was 2022 with $790K across 2 filings.
Market position
ahead of 26% of Healthtech peers
Capital scale is ahead of 26% of Healthtech peers; modeled value is above 13% 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
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2022: $790K across 2 filings.
  • Largest single filing was $670K on 2022-08-22.
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.
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

Basis Medical, LLC is one of 2138 Healthtech companies tracked from ATLANTA. By capital raised it ranks in the long tail (ahead of 26% of sector peers), and in the long tail 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)
2017
Year incorporated
2022-12-02
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$2.5M$5.0M$7.5M$10MPre-Seed · 2018-04-20 Raised $100K (real) Modeled valuation $3.4M (est)$100K$3.4MPre-Seed2018Pre-Seed · 2022-08-22 Raised $670K (real) Modeled valuation $7.7M (est)$670K$7.7MPre-Seed2022Pre-Seed · 2022-12-02 Raised $120K (real) Modeled valuation $1.2M (est)$120K$1.2MPre-Seed2022+$670K+$120KCumulative $890K

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$100K · 2018
Pre-Seed extension$670K · 2022
Pre-Seed extension$120K · 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
$1.2M
Base estimate est.
$75K
Conservative case
$6.5M
Upside case
$667K
Modeled post-money

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

Pre-Seed · modeled $3.4M · 2018-04-202018Pre-Seed · modeled $7.7M · 2022-08-22Pre-Seed · modeled $1.2M · 2022-12-022022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.67×/yr
Annual markup
2.27×/yr upside case
3.6 yr
Elapsed time used
3.6 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
28 mo
Avg between rounds
$193K/yr
Capital velocity
8.2 yr
On record since
2018
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) 0.2× of median
This company$890K
Sector median$4.5M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.3× of median
This company$120K
Sector median$375K
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$1.2M
Sector median$33.8M

Raised more than 26% of sector peers (real $). Modeled value above 13% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #139 of 174.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Hoy Health Corp · Pre-Seed Raised $1.0M · modeled $15.8M (est)Ennova Health LLC · Pre-Seed Raised $1.0M · modeled $13.9M (est)Telebelly Health, Inc. · Pre-Seed Raised $950K · modeled $13.8M (est)Health Rosetta Group PBC · Pre-Seed Raised $2.0M · modeled $13.2M (est)B2M Medical, Inc. · Pre-Seed Raised $825K · modeled $12.6M (est)Imagen Poole Dental Support Services, LLC · Pre-Seed Raised $886K · modeled $11.3M (est)GVC Health Technology Holdings Inc. · Pre-Seed Raised $900K · modeled $10.9M (est)WITH Wellness Co. · Pre-Seed Raised $750K · modeled $10.7M (est)FYR Medical, Inc. · Pre-Seed Raised $725K · modeled $10.6M (est)Everus Health, Inc. · Pre-Seed Raised $1.0M · modeled $10.4M (est)Imagen Campbell Dental Support Services, LLC · Pre-Seed Raised $715K · modeled $10.0M (est)Koha Health, LLC · Pre-Seed Raised $1.0M · modeled $9.5M (est)Basis Medical, LLC (this company) Raised $890K · modeled $1.2M (est)Basis Medical, LLC
CompanyStageRaised · realValue · estvs peer med.
Hoy Health CorpPre-Seed$1.0M$15.8M5.68×
Ennova Health LLCPre-Seed$1.0M$13.9M4.98×
Telebelly Health, Inc.Pre-Seed$950K$13.8M4.94×
Health Rosetta Group PBCPre-Seed$2.0M$13.2M4.74×
B2M Medical, Inc.Pre-Seed$825K$12.6M4.53×
Imagen Poole Dental Support Services, LLCPre-Seed$886K$11.3M4.05×
GVC Health Technology Holdings Inc.Pre-Seed$900K$10.9M3.92×
WITH Wellness Co.Pre-Seed$750K$10.7M3.82×
FYR Medical, Inc.Pre-Seed$725K$10.6M3.80×
Everus Health, Inc.Pre-Seed$1.0M$10.4M3.74×
Imagen Campbell Dental Support Services, LLCPre-Seed$715K$10.0M3.60×
Koha Health, LLCPre-Seed$1.0M$9.5M3.41×
Basis Medical, LLC this companyPre-Seed$890K$1.2M0.43×
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$100K2018-04-20$556K$3.4M90%
Pre-Seed$670K2022-08-22$3.7M$7.7M90%
Pre-Seed$120K2022-12-02$667K$1.2M90%
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$100K2018-04-20
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$670K2022-08-22
    • Raised again after 52 mo — slower than the ~14 mo sector norm.
    • Round 6.7× larger than the prior — scaling up.
    • 3 investors on this round.
  3. Pre-Seed$120K2022-12-02
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 5.6× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~28mo cadence
$120K
Modeled next size est.range $120K$192K
0.2×
Last step-up
$193K/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 Kennedy22 other2022-12
David Martin12 other2022-08
DAVID A, MARTIN3 other2018-04
Ken Smith1 other2022-12
Larry Tedesco1 other2022-12
Darrell Caudill2022-12
Darrell Patrick Caudill2018-04
Kenneth Patrick Harper2018-04
Larry Patrick Tedesco2018-04
Robert Matheny2022-12
Timothy Patrick Sharkey2018-04
Registry & provenance

Basis Medical, LLC 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
1738555
SEC CIK
2017
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
Hacking Your Health LLCHealthtechPre-Seed$300K$1.6Mnetwork1 shared operator · same sector · same stage
Imagen Cohen Dental Support Services, LLCHealthtechPre-Seed$894K$3.4Msame sector · same stage
Healthy Habits Delivered LLCHealthtechPre-Seed$880K$2.1Msame sector · same stage
Impulse Medical, Inc.HealthtechPre-Seed$950K$3.0Msame sector · same stage
Rejuvatek Medical Inc.HealthtechPre-Seed$950K$957Ksame sector · same stage
Digital Health Navigation Solutions, Inc.HealthtechPre-Seed$969K$3.0Msame sector · same stage
Elevate Clinical Research, Inc.HealthtechPre-Seed$1.0M$2.7Msame sector · same stage
Freedom Health Management, LLCHealthtechPre-Seed$1.0M$2.6Msame 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
BaseHealth, Inc.Other Health CareSeries A$91.7M88%
Healthbase Networks, LLCHealthtechSeed$69.3M88%
Field Medical, Inc.HealthtechSeries B$172.8M86%
Medical Monitoring Holdings, LLCHealthtechSeries A$17.6M86%
Lineage Medical, Inc.HealthtechSeed$81.3M85%
Health Intelligence Co LlcHealthtechSeries C$1.1B85%
Hormone Health Inc.HealthtechPre-Seed$21.5M85%
Layer Health, Inc.HealthtechSeries B$172.2M85%
Frequently asked
How much funding has Basis Medical, LLC raised?
Basis Medical, LLC has raised approximately $890K in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Basis Medical, LLC's estimated valuation?
Provath's modeled valuation for Basis Medical, LLC is approximately $1.2M (modeled range $75K–$6.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Basis Medical, LLC at?
Basis Medical, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Dec 02.
What does Basis Medical, LLC do and where is it based?
Basis Medical, LLC operates in the Healthtech sector, based in ATLANTA.
Explore related

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

Is this your company?

If you work at Basis Medical, LLC, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.