Diligence memo · auto-generated · as of July 2, 2026
Conavi Medical Corp.
Conavi Medical Corp. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Conavi Medical Corp. operates in Healthtech, based in TORONTO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Conavi Medical Corp. has raised $16M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $16M on 2025-04-23.
Most recent recorded round closed around 2026-01-13.
Valuation (modeled)modeled
Provath models Conavi Medical Corp. at approximately $2.9M (range $1.6M–$3.9M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.03× the median modeled value of Series B Healthtech companies in 2025–2027 (55 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 6 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 22.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 77% of Healthtech peers (2138 compared).
Modeled value ranks above 17% of those peers.
Closest niche peers: Sevaro Health Inc, Field Medical, Inc., Berry Street Health, Inc., Puzzle Medical Devices Inc., Cartwheel Care Inc..
Peoplefiled
11 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.