Companies · Healthtech

CoNextions Medical Corp

SALT LAKE CITY · Healthtech · refined from filed group “Other

Diligence memoA one-page analyst read on CoNextions Medical Corp — recommendation, valuation, rhythm, risks.
$14.4M
Total raised · real
8
Rounds
1.7×
Latest step-up
Top 26%
Sector rank · raised
Series A
Latest stage · inferred · Thu Dec 03 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

CoNextions Medical Corp 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 0.38× the median modeled value of Series A Healthtech companies in 2019–2021 (124 peers) — value vs value, same stage and era.
  • Issuer reports $0–$1M revenue while modeled below niche peers.
Dormant
  • Last raise 5.6 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 Healthtech

CoNextions Medical Corp is one of 2138 Healthtech companies tracked from SALT LAKE CITY. By capital raised it ranks in the upper tier (ahead of 75% 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
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
6
Investors (latest)
2020-12-03
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$25M$50M$75M$100MPre-Seed · 2014-07-07 Raised $150K (real) Modeled valuation $5.2M (est)Pre-Seed2014Seed · 2016-03-24 Raised $2.5M (real) Modeled valuation $69M (est)Seed2016Seed · 2016-07-29 Raised $200K (real) Modeled valuation $5.5M (est)Seed2016Seed · 2017-03-16 Raised $2.2M (real) Modeled valuation $60M (est)Seed2017Series A · 2018-05-16 Raised $4.3M (real) Modeled valuation $96M (est)Series A2018Series A · 2018-12-10 Raised $1.4M (real) Modeled valuation $31M (est)Series A2018Seed · 2018-12-10 Raised $1.1M (real) Modeled valuation $31M (est)Seed2018Seed · 2018-12-10 Raised $1.1M (real) Modeled valuation $31M (est)Seed2018Seed · 2020-11-12 Raised $1.4M (real) Modeled valuation $33M (est)Seed2020Series A · 2020-11-12 Raised $1.4M (real) Modeled valuation $28M (est)Series A2020Series A · 2020-12-03 Raised $2.3M (real) Modeled valuation $45M (est)Series A2020Cumulative $18M

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$150K · 2014
Seed$2.5M · 2016
Seed extension$200K · 2016
Seed extension$2.2M · 2017
Series A$4.3M · 2018
Series A extension$1.4M · 2018
Bridge · Series A-stage$1.1M · 2018smaller follow-on
Bridge · Series A-stage$1.1M · 2018smaller follow-on
Bridge · Series A-stage$1.4M · 2020smaller follow-on
Series A extension$1.4M · 2020
Series A extension$2.3M · 2020

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

Modeled valuation trajectory
$44.8M
Base estimate est.
$3.0M
Conservative case
$220.9M
Upside case
$10.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $5.2M · 2014-07-072014Seed · modeled $69.3M · 2016-03-24Seed · modeled $5.5M · 2016-07-29Seed · modeled $60.0M · 2017-03-16Series A · modeled $95.9M · 2018-05-16Series A · modeled $31.1M · 2018-12-10Seed · modeled $30.7M · 2018-12-10Seed · modeled $30.7M · 2018-12-10Seed · modeled $32.9M · 2020-11-12Series A · modeled $27.5M · 2020-11-12Series A · modeled $44.8M · 2020-12-032020
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.46×/yr
Annual markup
1.84×/yr upside case
5.6 yr
Elapsed time used
5.6 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$2.2M/yr
Capital velocity
12.0 yr
On record since
2014
First round
11
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) 3.2× above median
This company$14.4M
Sector median$4.5M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.3M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 1.3× above median
This company$44.8M
Sector median$33.8M

Raised more than 75% of sector peers (real $). Modeled value above 60% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #108 of 124.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Itamar Medical Ltd. · Series A Raised $14.7M · modeled $331.4M (est)ChartSpan Medical Technologies, Inc. · Series A Raised $14.7M · modeled $330.7M (est)4G Clinical, LLC · Series A Raised $24.3M · modeled $330.0M (est)Wellness Group Investors, LLC · Series A Raised $14.0M · modeled $294.5M (est)Avation Medical, Inc. · Series A Raised $12.9M · modeled $291.8M (est)Fresenius Medical Care Baldwin County, LLC · Series A Raised $12.8M · modeled $289.6M (est)Blue Ox Healthcare Partners SP, LLC · Series A Raised $12.6M · modeled $284.7M (est)LIBERTY DENTAL PLAN Corp · Series A Raised $11.8M · modeled $266.3M (est)Decisio Health, Inc. · Series A Raised $14.6M · modeled $264.3M (est)emPower Health Equity, Inc. · Series A Raised $11.2M · modeled $253.4M (est)Insightin Health Inc · Series A Raised $12.4M · modeled $234.7M (est)Edifice Health, Inc. · Series A Raised $13.8M · modeled $233.8M (est)CoNextions Medical Corp (this company) Raised $14.4M · modeled $44.8M (est)CoNextions Medical Corp
CompanyStageRaised · realValue · estvs peer med.
Itamar Medical Ltd.Series A$14.7M$331.4M2.83×
ChartSpan Medical Technologies, Inc.Series A$14.7M$330.7M2.82×
4G Clinical, LLCSeries A$24.3M$330.0M2.82×
Wellness Group Investors, LLCSeries A$14.0M$294.5M2.51×
Avation Medical, Inc.Series A$12.9M$291.8M2.49×
Fresenius Medical Care Baldwin County, LLCSeries A$12.8M$289.6M2.47×
Blue Ox Healthcare Partners SP, LLCSeries A$12.6M$284.7M2.43×
LIBERTY DENTAL PLAN CorpSeries A$11.8M$266.3M2.27×
Decisio Health, Inc.Series A$14.6M$264.3M2.26×
emPower Health Equity, Inc.Series A$11.2M$253.4M2.16×
Insightin Health IncSeries A$12.4M$234.7M2.00×
Edifice Health, Inc.Series A$13.8M$233.8M2.00×
CoNextions Medical Corp this companySeries A$14.4M$44.8M0.38×
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$150K2014-07-07$833K$5.2M85%
Seed$2.5M2016-03-24$12.5M$69.3M85%
Seed$200K2016-07-29$1000K$5.5M85%
Seed$2.2M2017-03-16$10.8M$60.0M90%
Series A$4.3M2018-05-16$19.3M$95.9M90%
Series A$1.4M2018-12-10$6.3M$31.1M90%
Seed$1.1M2018-12-10$5.5M$30.7M90%
Seed$1.1M2018-12-10$5.5M$30.7M90%
Seed$1.4M2020-11-12$7.0M$32.9M90%
Series A$1.4M2020-11-12$6.4M$27.5M90%
Series A$2.3M2020-12-03$10.6M$44.8M90%
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$150K2014-07-07
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Seed$2.5M2016-03-24
    • Raised again after 21 mo — slower than the ~14 mo sector norm.
    • Round 16.7× larger than the prior — scaling up.
    • 3 investors on this round.
  3. Seed$200K2016-07-29
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 12.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Seed$2.2M2017-03-16
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round 10.8× larger than the prior — scaling up.
    • 2 investors on this round.
  5. Series A$4.3M2018-05-16
    • Raised 14 mo later, in step with the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 2 investors on this round.
  6. Series A$1.4M2018-12-10
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 3.1× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  7. Seed$1.1M2018-12-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  8. Seed$1.1M2018-12-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  9. Seed$1.4M2020-11-12
    • Raised again after 23 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • Revenue band moved No revenue → $0–$1M.
    • 1 investor on this round.
  10. Series A$1.4M2020-11-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  11. Series A$2.3M2020-12-03
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2021 ~Q3
Modeled next raise · ~8mo cadence
$3.9M
Modeled next size est.range $2.5M$6.2M
1.7×
Last step-up
$2.2M/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
Jeffrey T Barnes2 other2016-03
Richard J. Linder2 other2014-07
Brian N. Woolf2014-07
Erik N. Kubiak2014-07
Scott D Miles2014-07
Registry & provenance

CoNextions Medical Corp 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
1594787
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
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Avenda Health, Inc.HealthtechSeries A$15.3M$26.0Msame sector · same stage
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BeMe Health, Inc.HealthtechSeries A$13.4M$56.9Msame sector · same stage
Ribbon Health, Inc.HealthtechSeries A$15.4M$62.2Msame sector · same stage
Healthemed, Inc.HealthtechSeries A$15.4M$36.2Msame 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
HealthNEXT, LLCHealthtechPre-Seed$510K86%
Aspen Health, Inc.HealthtechSeries A$135.4M82%
Nxt Biomedical, LlcOther Health CareSeries A$187.6M82%
SIG Medical Corp.HealthtechSeed$55.5M82%
Included Health Inc.HealthtechSeed$57.2M81%
Stax Health, Inc.HealthtechSeed$41.3M81%
Gatc Health CorpHealthtechSeries B$5.6M81%
Rivia Health Inc.HealthtechSeries A$57.7M81%
Frequently asked
How much funding has CoNextions Medical Corp raised?
CoNextions Medical Corp has raised approximately $14.4M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is CoNextions Medical Corp's estimated valuation?
Provath's modeled valuation for CoNextions Medical Corp is approximately $44.8M (modeled range $3.0M–$220.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is CoNextions Medical Corp at?
CoNextions Medical Corp's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Dec 03.
What does CoNextions Medical Corp do and where is it based?
CoNextions Medical Corp operates in the Healthtech sector, based in SALT LAKE CITY.
Explore related

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