Companies · Other Health Care

Cast21, Inc.

Chicago · Other Health Care

Diligence memoA one-page analyst read on Cast21, Inc. — recommendation, valuation, rhythm, risks.
$3.4M
Total raised · real
3
Rounds
0.3×
Latest step-up
Top 44%
Sector rank · raised
Seed
Latest stage · inferred · Thu Mar 16 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Cast21, Inc. 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 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 0.07× the median modeled value of Seed Other Health Care companies in 2022–2024 (244 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.3 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.
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

Cast21, Inc. is one of 5377 Other Health Care companies tracked from Chicago. By capital raised it ranks mid-pack (ahead of 57% 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)
2023-03-16
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$50MPre-Seed · 2016-05-02 Raised $100K (real) Modeled valuation $3.1M (est)$100K$3.1MPre-Seed2016Seed · 2021-07-30 Raised $3.2M (real) Modeled valuation $49M (est)$3.2M$49MSeed2021Pre-Seed · 2021-07-30 Raised $400K (real) Modeled valuation $7.2M (est)$400K$7.2MPre-Seed2021Seed · 2023-03-16 Raised $115K (real) Modeled valuation $892K (est)$115K$892KSeed2023+$3.2M+$400K+$115KCumulative $3.8M

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 · 2016
Seed$3.2M · 2021
Bridge · Seed-stage$400K · 2021smaller follow-on
Seed extension$115K · 2023

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

Modeled valuation trajectory
$892K
Base estimate est.
$97K
Conservative case
$3.4M
Upside case
$575K
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 health care sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $3.1M · 2016-05-022016Seed · modeled $49.5M · 2021-07-30Pre-Seed · modeled $7.2M · 2021-07-30Seed · modeled $892K · 2023-03-162023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.54×/yr
Annual markup
2.01×/yr upside case
3.3 yr
Elapsed time used
3.3 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
27 mo
Avg between rounds
$493K/yr
Capital velocity
10.2 yr
On record since
2016
First round
4
Rounds on file
How it compares to the market

Benchmarked against 5377 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) 1.4× above median
This company$3.4M
Sector median$2.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$115K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$892K
Sector median$22.1M

Raised more than 57% of sector peers (real $). Modeled value above 5% 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 #243 of 244.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Elmntri LLC · Seed Raised $4.0M · modeled $46.1M (est)Atreo, Inc. · Seed Raised $3.8M · modeled $42.1M (est)descendantsDNA, Inc. · Seed Raised $3.4M · modeled $40.8M (est)Westover Project Investor LLC · Seed Raised $4.0M · modeled $40.0M (est)Dentulu Inc · Seed Raised $6.4M · modeled $37.7M (est)Emmacare.com LLC · Seed Raised $3.0M · modeled $37.2M (est)IR-Med, Inc. · Seed Raised $5.4M · modeled $37.0M (est)SDH Parent 2 LLC · Seed Raised $3.0M · modeled $36.7M (est)TecTraum, Inc. · Seed Raised $7.8M · modeled $36.7M (est)DBN BCS II Investments, LLC · Seed Raised $3.0M · modeled $34.0M (est)USRC Baldwin Hills, LLC · Seed Raised $2.8M · modeled $34.0M (est)Flex Operating Room, Inc. · Seed Raised $6.2M · modeled $31.9M (est)Cast21, Inc. (this company) Raised $3.4M · modeled $892K (est)Cast21, Inc.
CompanyStageRaised · realValue · estvs peer med.
Elmntri LLCSeed$4.0M$46.1M3.83×
Atreo, Inc.Seed$3.8M$42.1M3.50×
descendantsDNA, Inc.Seed$3.4M$40.8M3.40×
Westover Project Investor LLCSeed$4.0M$40.0M3.33×
Dentulu IncSeed$6.4M$37.7M3.13×
Emmacare.com LLCSeed$3.0M$37.2M3.10×
IR-Med, Inc.Seed$5.4M$37.0M3.08×
SDH Parent 2 LLCSeed$3.0M$36.7M3.05×
TecTraum, Inc.Seed$7.8M$36.7M3.05×
DBN BCS II Investments, LLCSeed$3.0M$34.0M2.83×
USRC Baldwin Hills, LLCSeed$2.8M$34.0M2.82×
Flex Operating Room, Inc.Seed$6.2M$31.9M2.65×
Cast21, Inc. this companySeed$3.4M$892K0.07×
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$100K2016-05-02$556K$3.1M85%
Seed$3.2M2021-07-30$15.9M$49.5M90%
Pre-Seed$400K2021-07-30$2.2M$7.2M90%
Seed$115K2023-03-16$575K$892K90%
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$100K2016-05-02
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Seed$3.2M2021-07-30
    • Raised again after 63 mo — slower than the ~14 mo sector norm.
    • Round 31.7× larger than the prior — scaling up.
    • 55 investors on this round.
  3. Pre-Seed$400K2021-07-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 7.9× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  4. Seed$115K2023-03-16
    • Raised 20 mo later, in step with the ~14 mo sector norm.
    • Round 3.5× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~27mo cadence
$115K
Modeled next size est.range $115K$184K
0.3×
Last step-up
$493K/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
Gary Stevenson6 other2021-07
Jason Troutner1 other2016-05
Ashley Moy2016-05
Justin Brooks2016-05
Michael McWithey2023-03
Registry & provenance

Cast21, 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
1675155
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
Statera Spine, Inc.Other Health CareSeed$3.7M$28.0Mnetwork1 shared operator · same sector · same stage
CamPlex, Inc.Other Health CareSeed$4.3M$32.2Mnetwork1 shared operator · same sector · same stage
Site Saver, Inc.Other Health CareSeed$6.2M$1.1Mnetwork1 shared operator · same sector · same stage
NeuroFine Corp.Other Health CareSeed$3.3M$341Ksame sector · same stage
Southwest Surgery Center, LLCOther Health CareSeed$3.3M$439Ksame sector · same stage
Siloam Vision, Inc.Other Health CareSeed$3.2M$792Ksame sector · same stage
Waypoint Orthopedics, Inc.Other Health CareSeed$3.6M$640Ksame sector · same stage
DLG & Associates, LLCOther Health CareSeed$3.2M$1.5Msame 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
ForCast Orthopedics, Inc.Other Health CareSeed$10.6M80%
Get Heal, Inc.Other Health CareSeries C$1.4B80%
ProPedix, Inc.Other Health CarePre-Seed$2.8M79%
AdvocateMH Inc.Other Health CareSeries A$23.8M79%
SpIntellx, Inc.Other Health CarePre-Seed$4.0M79%
HillviewMed, Inc.Other Health CareSeed$7.4M78%
Private Practice Access Inc.Other Health CarePre-Seed$3.0M78%
Wellview, Inc.Other Health CareSeed$38.1M78%
Frequently asked
How much funding has Cast21, Inc. raised?
Cast21, Inc. has raised approximately $3.4M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Cast21, Inc.'s estimated valuation?
Provath's modeled valuation for Cast21, Inc. is approximately $892K (modeled range $97K–$3.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cast21, Inc. at?
Cast21, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Mar 16.
What does Cast21, Inc. do and where is it based?
Cast21, Inc. operates in the Other Health Care sector, based in Chicago.
Explore related

See where Cast21, 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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