Companies · Other Health Care

CorneaGen Inc.

SEATTLE · Other Health Care

Diligence memoA one-page analyst read on CorneaGen Inc. — recommendation, valuation, rhythm, risks.
$17.0M
Total raised · real
3
Rounds
0.4×
Latest step-up
Top 19%
Sector rank · raised
Series A
Latest stage · inferred · Sat May 05 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

CorneaGen 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 0.33× the median modeled value of Series A Other Health Care companies in 2016–2018 (157 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.2 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

CorneaGen Inc. is one of 5376 Other Health Care companies tracked from SEATTLE. By capital raised it ranks in the upper tier (ahead of 82% 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
Rule 506(b)
Reg D exemption
1
Investors (latest)
2016
Year incorporated
2018-05-05
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$500MSeries A · 2016-10-07 Raised $10M (real) Modeled valuation $202M (est)$10M$202MSeries A2016Series A · 2018-04-05 Raised $5.0M (real) Modeled valuation $101M (est)$5.0M$101MSeries A2018Series A · 2018-05-05 Raised $2.0M (real) Modeled valuation $40M (est)$2.0M$40MSeries A2018+$5.0M+$2.0MCumulative $17M

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
Series A$10.0M · 2016
Series A extension$5.0M · 2018
Series A extension$2.0M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$40.4M
Base estimate est.
$2.6M
Conservative case
$219.4M
Upside case
$9.1M
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 health care sector profile. Directional, not a quoted figure.

Series A · modeled $201.8M · 2016-10-072016Series A · modeled $100.9M · 2018-04-05Series A · modeled $40.4M · 2018-05-052018
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.43×/yr
Annual markup
1.80×/yr upside case
6.0 yr
Elapsed time used
8.2 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$10.8M/yr
Capital velocity
9.7 yr
On record since
2016
First round
3
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) 7.0× above median
This company$17.0M
Sector median$2.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.0M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 1.8× above median
This company$40.4M
Sector median$22.1M

Raised more than 82% of sector peers (real $). Modeled value above 64% 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 #137 of 157.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)HemoSonics, LLC · Series A Raised $24.9M · modeled $302.7M (est)Airxpanders Inc · Series A Raised $60.0M · modeled $300.5M (est)Mercator Medsystems Inc · Series A Raised $20.5M · modeled $289.2M (est)Simple Contacts Inc. · Series A Raised $24.1M · modeled $285.5M (est)AVG Holdings, Inc. · Series A Raised $14.0M · modeled $282.5M (est)Avia Holdings, Llc · Series A Raised $27.9M · modeled $272.7M (est)Traditions at Rivertown Park, LLC · Series A Raised $13.5M · modeled $272.4M (est)Access Integrated Healthcare, LLC · Series A Raised $13.2M · modeled $265.8M (est)Gauss Surgical, Inc. · Series A Raised $20.5M · modeled $254.2M (est)4WEB, Inc. · Series A Raised $12.5M · modeled $252.2M (est)Iantech, Inc. · Series A Raised $12.2M · modeled $246.7M (est)AbsoluteCARE, Inc. · Series A Raised $25.7M · modeled $242.6M (est)CorneaGen Inc. (this company) Raised $17.0M · modeled $40.4M (est)CorneaGen Inc.
CompanyStageRaised · realValue · estvs peer med.
HemoSonics, LLCSeries A$24.9M$302.7M2.50×
Airxpanders IncSeries A$60.0M$300.5M2.48×
Mercator Medsystems IncSeries A$20.5M$289.2M2.39×
Simple Contacts Inc.Series A$24.1M$285.5M2.36×
AVG Holdings, Inc.Series A$14.0M$282.5M2.33×
Avia Holdings, LlcSeries A$27.9M$272.7M2.25×
Traditions at Rivertown Park, LLCSeries A$13.5M$272.4M2.25×
Access Integrated Healthcare, LLCSeries A$13.2M$265.8M2.20×
Gauss Surgical, Inc.Series A$20.5M$254.2M2.10×
4WEB, Inc.Series A$12.5M$252.2M2.08×
Iantech, Inc.Series A$12.2M$246.7M2.04×
AbsoluteCARE, Inc.Series A$25.7M$242.6M2.00×
CorneaGen Inc. this companySeries A$17.0M$40.4M0.33×
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.
Series A$10.0M2016-10-07$45.5M$201.8M90%
Series A$5.0M2018-04-05$22.7M$100.9M90%
Series A$2.0M2018-05-05$9.1M$40.4M90%
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. Series A$10.0M2016-10-07
    • First recorded raise — entered as Series A.
    • 1 investor on this round.
  2. Series A$5.0M2018-04-05
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series A$2.0M2018-05-05
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2019 ~Q1
Modeled next raise · ~9mo cadence
$2.0M
Modeled next size est.range $2.0M$3.2M
0.4×
Last step-up
$10.8M/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
Richard Lindstrom12 other2016-10
William Link10 other2016-10
Tim McLaughlin2 other2016-10
KUSH PARIKH1 other2016-10
Monty Montoya1 other2016-10
BERNIE ILIAKIS2018-04
BOB STEVENS2018-04
GRETCHEN COKER2018-04
HOWARD MENDELSOHN2018-04
MELODY SUMMERS2016-10
Registry & provenance

CorneaGen 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
1687524
SEC CIK
2016
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
iOR Holdings, Inc.Other Health CareSeries A$18.0M$8.7Mnetwork1 shared operator · same sector · same stage
TearLab CorpOther Health CareSeries A$23.5M$35.3Mnetwork1 shared operator · same sector · same stage
Iantech, Inc.Other Health CareSeries A$12.2M$246.7Mnetwork1 shared operator · same sector · same stage
Kinnos Inc.Other Health CareSeries A$17.3M$39.1Msame sector · same stage
Vertical Orthopaedics, Inc.Other Health CareSeries A$16.7M$44.0Msame sector · same stage
2GHealth Inc.Other Health CareSeries A$17.5M$35.6Msame sector · same stage
Engaged MD, Inc.Other Health CareSeries A$16.5M$34.5Msame sector · same stage
TherOptix, Inc.OtherSeries A$5.5M$83.2Mnetwork2 shared operators · 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
LensGen, Inc.Other Health CareSeries A$147.1M92%
Ocular Science, Inc.Other Health CarePre-Seed$5.4M86%
Surface Ophthalmics, Inc.Other Health CareSeries B$422.1M85%
MediPrint Ophthalmics, Inc.Other Health CareSeries A$27.9M85%
Eyenuk, Inc.Other Health CareSeries B$262.6M85%
Eyecheq Inc.Other Health CareSeed$18.7M85%
Balance Ophthalmics, Inc.Other Health CareSeed$14.9M84%
LENSAR, Inc.Other Health CareSeries B$185.0M84%
Frequently asked
How much funding has CorneaGen Inc. raised?
CorneaGen Inc. has raised approximately $17.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is CorneaGen Inc.'s estimated valuation?
Provath's modeled valuation for CorneaGen Inc. is approximately $40.4M (modeled range $2.6M–$219.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is CorneaGen Inc. at?
CorneaGen Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Sat May 05.
What does CorneaGen Inc. do and where is it based?
CorneaGen Inc. operates in the Other Health Care sector, based in SEATTLE.
Explore related

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