Companies · Other Health Care

Cardialen, Inc.

Brooklyn Center · Other Health Care

Diligence memoA one-page analyst read on Cardialen, Inc. — recommendation, valuation, rhythm, risks.
$28.2M
Total raised · real
7
Rounds
0.3×
Latest step-up
Top 13%
Sector rank · raised
Series B
Latest stage · inferred · Fri Jun 25 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Cardialen, 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 health care 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 0.19× the median modeled value of Series B Other Health Care companies in 2019–2021 (78 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.0 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 Other Health Care

Cardialen, Inc. is one of 5376 Other Health Care companies tracked from Brooklyn Center. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and in the upper tier 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
18
Investors (latest)
2021-06-25
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$500MPre-Seed · 2009-07-27 Raised $337K (real) Modeled valuation $10M (est)Pre-Seed2009Seed · 2010-09-02 Raised $2.4M (real) Modeled valuation $60M (est)Seed2010Pre-Seed · 2010-09-02 Raised $305K (real) Modeled valuation $9.4M (est)Pre-Seed2010Seed · 2013-12-24 Raised $2.5M (real) Modeled valuation $62M (est)Seed2013Seed · 2015-03-03 Raised $1.6M (real) Modeled valuation $40M (est)Seed2015Seed · 2018-03-23 Raised $890K (real) Modeled valuation $22M (est)Seed2018Series B · 2018-07-27 Raised $16M (real) Modeled valuation $356M (est)Series B2018Series B · 2021-06-25 Raised $4.4M (real) Modeled valuation $72M (est)Series B2021+$2.4M+$305K+$2.5M+$1.6M+$890K+$16M+$4.4MCumulative $28M

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$337K · 2009
Seed$2.4M · 2010
Bridge · Seed-stage$305K · 2010smaller follow-on
Seed extension$2.5M · 2013
Seed extension$1.6M · 2015
Seed extension$890K · 2018
Series B$16.1M · 2018no Series A on file
Series B extension$4.4M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Series A — 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
$71.8M
Base estimate est.
$10.3M
Conservative case
$228.9M
Upside case
$24.3M
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 health care sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $10.4M · 2009-07-272009Seed · modeled $59.5M · 2010-09-02Pre-Seed · modeled $9.4M · 2010-09-02Seed · modeled $62.2M · 2013-12-24Seed · modeled $39.8M · 2015-03-03Seed · modeled $22.1M · 2018-03-23Series B · modeled $356.1M · 2018-07-27Series B · modeled $71.8M · 2021-06-252021
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.36×/yr
Annual markup
1.64×/yr upside case
5.0 yr
Elapsed time used
5.0 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$2.4M/yr
Capital velocity
16.9 yr
On record since
2009
First round
8
Rounds on file
How it compares to the market

Benchmarked against 5376 companies in Other Health Care. 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) 12× above median
This company$28.2M
Sector median$2.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.2× of median
This company$4.4M
Sector median$17.8M
Modeled value — vs sector median (estimate, all stages) 3.3× above median
This company$71.8M
Sector median$22.1M

Raised more than 88% of sector peers (real $). Modeled value above 73% 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 #68 of 78.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)KSMS Holdings, LLC · Series B Raised $40.0M · modeled $885.1M (est)Infab HoldCo, Inc. · Series B Raised $36.5M · modeled $807.5M (est)Aquity Holdings, Inc. · Series B Raised $36.0M · modeled $797.6M (est)MHH Management Holdco, LLC · Series B Raised $35.1M · modeled $777.6M (est)Earli Inc. · Series B Raised $40.0M · modeled $756.4M (est)Encore Dermatology, Inc. · Series B Raised $89.6M · modeled $729.9M (est)National Spine & Pain Centers Holdings, LLC · Series B Raised $32.0M · modeled $708.9M (est)In Vitro Sciences, LLC · Series B Raised $31.5M · modeled $697.9M (est)Lotus Parent, Inc. · Series B Raised $31.2M · modeled $690.4M (est)Iron Oak Holdings LLC · Series B Raised $30.0M · modeled $664.6M (est)Squid Ink, Inc. · Series B Raised $30.2M · modeled $620.8M (est)Predict Innovation Investors, Llc · Series B Raised $27.9M · modeled $617.4M (est)Cardialen, Inc. (this company) Raised $28.2M · modeled $71.8M (est)Cardialen, Inc.
CompanyStageRaised · realValue · estvs peer med.
KSMS Holdings, LLCSeries B$40.0M$885.1M2.37×
Infab HoldCo, Inc.Series B$36.5M$807.5M2.16×
Aquity Holdings, Inc.Series B$36.0M$797.6M2.13×
MHH Management Holdco, LLCSeries B$35.1M$777.6M2.08×
Earli Inc.Series B$40.0M$756.4M2.02×
Encore Dermatology, Inc.Series B$89.6M$729.9M1.95×
National Spine & Pain Centers Holdings, LLCSeries B$32.0M$708.9M1.90×
In Vitro Sciences, LLCSeries B$31.5M$697.9M1.87×
Lotus Parent, Inc.Series B$31.2M$690.4M1.85×
Iron Oak Holdings LLCSeries B$30.0M$664.6M1.78×
Squid Ink, Inc.Series B$30.2M$620.8M1.66×
Predict Innovation Investors, LlcSeries B$27.9M$617.4M1.65×
Cardialen, Inc. this companySeries B$28.2M$71.8M0.19×
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$337K2009-07-27$1.9M$10.4M85%
Seed$2.4M2010-09-02$12.0M$59.5M85%
Pre-Seed$305K2010-09-02$1.7M$9.4M85%
Seed$2.5M2013-12-24$12.5M$62.2M85%
Seed$1.6M2015-03-03$8.0M$39.8M85%
Seed$890K2018-03-23$4.4M$22.1M90%
Series B$16.1M2018-07-27$89.3M$356.1M90%
Series B$4.4M2021-06-25$24.3M$71.8M90%
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$337K2009-07-27
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Seed$2.4M2010-09-02
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 7.1× larger than the prior — scaling up.
    • 7 investors on this round.
  3. Pre-Seed$305K2010-09-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 7.9× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  4. Seed$2.5M2013-12-24
    • Raised again after 40 mo — slower than the ~14 mo sector norm.
    • Round 8.2× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 18 investors on this round.
  5. Seed$1.6M2015-03-03
    • Raised 14 mo later, in step with the ~14 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 22 investors on this round.
  6. Seed$890K2018-03-23
    • Raised again after 37 mo — slower than the ~14 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  7. Series B$16.1M2018-07-27
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 18.1× larger than the prior — scaling up.
    • 16 investors on this round.
  8. Series B$4.4M2021-06-25
    • Raised again after 35 mo — slower than the ~14 mo sector norm.
    • Round 3.7× smaller than the prior — bridge or down round.
    • 18 investors on this round.
Intelligence
2023 ~Q1
Modeled next raise · ~20mo cadence
$4.4M
Modeled next size est.range $4.4M$7.0M
0.3×
Last step-up
$2.4M/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
WILLIAM SCHMIDT6 other2018-03
Jay Schmelter5 other2021-06
JEFF PETERS3 other2018-03
Thomas Thaler3 other2021-06
Anna French2 other2021-06
ROBERT J. CALCATERRA2 other2010-09
Warren Watson2 other2018-03
ERIC A. GULVE1 other2009-07
Brian Beutner2018-03
Brian Buetner2013-12
D. GRAEME THOMAS2009-07
Eric Gulve2018-03
Igor Efimov2018-03
Igor J. Efimov2015-03
IGOR R. EFIMOV2009-07
M. Brent Shelton2013-12
Nick Brent Lanners2013-12
PAULA A. SKJEFTE2010-09
Paula J. Skjefte2015-03
Paula R. Skjefte2013-12
Robert Calcaterra2018-03
Warren A. Watson2013-12
William Brent Schmidt2015-03
Registry & provenance

Cardialen, 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
1470044
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.

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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
CardioNXT, Inc.Other Health CareSeed$74.4M91%
Cardionomic, Inc.Other Health CareSeries B$76.2M89%
HeartBeam, Inc.Other Health CarePre-Seed$6.2M88%
Cardia, Inc.Other Health CareSeed$9.0M88%
CardioWise, Inc.Other Health CareSeed$8.0M87%
Venteur, Inc.Other Health CareSeries A$41.4M86%
VasoCardea, Inc.Other Health CarePre-Seed$24.4M86%
National Cardiac Inc.Other Health CarePre-Seed$17.9M85%
Frequently asked
How much funding has Cardialen, Inc. raised?
Cardialen, Inc. has raised approximately $28.2M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Cardialen, Inc.'s estimated valuation?
Provath's modeled valuation for Cardialen, Inc. is approximately $71.8M (modeled range $10.3M–$228.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cardialen, Inc. at?
Cardialen, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Jun 25.
What does Cardialen, Inc. do and where is it based?
Cardialen, Inc. operates in the Other Health Care sector, based in Brooklyn Center.
Explore related

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