Companies · Medical Devices

Covira Surgical, Inc.

NORTH CHICAGO · Medical Devices · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Covira Surgical, Inc. — recommendation, valuation, rhythm, risks.
$275K
Total raised · real
1
Rounds
Latest step-up
Top 80%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Jun 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Covira Surgical, Inc. looks fair 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 medical devices sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.25× the median modeled value of Pre-Seed Medical Devices companies in 2022–2024 (29 peers) — value vs value, same stage and era.
  • Within the normal band (125% of peer median) for its niche.
Dormant
  • Last raise 4.0 yr ago; this sector typically re-raises about every 16 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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 Medical Devices

Covira Surgical, Inc. is one of 233 Medical Devices companies tracked from NORTH CHICAGO. By capital raised it ranks in the long tail (ahead of 21% 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.

medical-devices

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
5
Investors (latest)
2018
Year incorporated
2022-06-30
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2022-06-30 Raised $275K (real) Modeled valuation $3.5M (est)$275K$3.5MPre-Seed2022

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$275K · 2022

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

Modeled valuation trajectory
$3.5M
Base estimate est.
$165K
Conservative case
$21.6M
Upside case
$1.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the medical devices sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
27%
Survival probability
11% low · 50% high
1.71×/yr
Annual markup
2.31×/yr upside case
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
medical devices
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.0 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 233 companies in Medical Devices. 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) 0.1× of median
This company$275K
Sector median$2.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.9× of median
This company$275K
Sector median$296K
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$3.5M
Sector median$15.4M

Raised more than 21% of sector peers (real $). Modeled value above 32% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #9 of 29.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Turbett Surgical, Inc. · Pre-Seed Raised $1.0M · modeled $15.6M (est)Owensboro Ambulatory Surgical Facility Ltd · Pre-Seed Raised $1.9M · modeled $10.8M (est)Seashore Surgical Institute, L.L.C. · Pre-Seed Raised $1.4M · modeled $10.0M (est)Hera Diagnostics Corp · Pre-Seed Raised $898K · modeled $9.3M (est)Hawkeye Surgical Lighting · Pre-Seed Raised $750K · modeled $8.2M (est)LIBERTAS Implant Solutions, LLC · Pre-Seed Raised $750K · modeled $5.2M (est)KMD Surgical Solutions, Inc. · Pre-Seed Raised $625K · modeled $3.8M (est)Navigate Surgical Technologies Inc. · Pre-Seed Raised $3.3M · modeled $3.8M (est)Remedy Diagnostics LLC · Pre-Seed Raised $345K · modeled $3.2M (est)Wavely Diagnostics, Inc. · Pre-Seed Raised $258K · modeled $3.2M (est)Wilson Creek Surgical Center, LLC · Pre-Seed Raised $819K · modeled $3.2M (est)Covira Surgical, Inc. (this company) Raised $275K · modeled $3.5M (est)Covira Surgical, Inc.
CompanyStageRaised · realValue · estvs peer med.
Turbett Surgical, Inc.Pre-Seed$1.0M$15.6M5.56×
Owensboro Ambulatory Surgical Facility LtdPre-Seed$1.9M$10.8M3.85×
Seashore Surgical Institute, L.L.C.Pre-Seed$1.4M$10.0M3.55×
Hera Diagnostics CorpPre-Seed$898K$9.3M3.30×
Hawkeye Surgical LightingPre-Seed$750K$8.2M2.93×
LIBERTAS Implant Solutions, LLCPre-Seed$750K$5.2M1.84×
KMD Surgical Solutions, Inc.Pre-Seed$625K$3.8M1.37×
Navigate Surgical Technologies Inc.Pre-Seed$3.3M$3.8M1.37×
Covira Surgical, Inc. this companyPre-Seed$275K$3.5M1.25×
Remedy Diagnostics LLCPre-Seed$345K$3.2M1.15×
Wavely Diagnostics, Inc.Pre-Seed$258K$3.2M1.13×
Wilson Creek Surgical Center, LLCPre-Seed$819K$3.2M1.13×
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$275K2022-06-30$1.5M$3.5M90%
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$275K2022-06-30
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
Intelligence
Modeled next raise
$440K
Modeled next size est.range $286K$704K
Last step-up
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
Brian Yoor1 other2022-06
Peter Farmakis1 other2022-06
Jamie Contreras2022-06
John Alverdy2022-06
Registry & provenance

Covira Surgical, 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
1857825
SEC CIK
2018
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
32 Biosciences, Inc.BiotechnologyPre-Seed$160K$792Knetwork2 shared operators · same stage
Alliance Surgical Center, LLCMedical DevicesPre-Seed$265K$459Ksame sector · same stage
NMS Surgical Services, LLCMedical DevicesPre-Seed$290K$2.5Msame sector · same stage
Wavely Diagnostics, Inc.Medical DevicesPre-Seed$258K$3.2Msame sector · same stage
Buck Surgical, Inc.Medical DevicesPre-Seed$300K$870Ksame sector · same stage
Biophyx Surgical, Inc.Medical DevicesPre-Seed$300K$2.3Msame sector · same stage
Active Genomes Expressed Diagnostics CorpMedical DevicesPre-Seed$250K$2.4Msame sector · same stage
Southeast Alabama Surgical, LLCMedical DevicesPre-Seed$306K$1.1Msame 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
Vega Surgical, Inc.Medical DevicesPre-Seed$1.3M84%
CAIRA Surgical CorpMedical DevicesSeries A$85.4M83%
Minerva Surgical IncMedical DevicesSeries B$397.4M83%
Acera Surgical, Inc.Medical DevicesSeries A$123.6M83%
IC Surgical, Inc.Medical DevicesPre-Seed$5.5M83%
Connecticut Surgical Center, LLCMedical DevicesPre-Seed$4.6M82%
ReadySet Surgical, Inc.Medical DevicesSeries A$7.6M82%
National Surgical Partners, LLCMedical DevicesSeries A$30.2M82%
Frequently asked
How much funding has Covira Surgical, Inc. raised?
Covira Surgical, Inc. has raised approximately $275K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Covira Surgical, Inc.'s estimated valuation?
Provath's modeled valuation for Covira Surgical, Inc. is approximately $3.5M (modeled range $165K–$21.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Covira Surgical, Inc. at?
Covira Surgical, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Jun 30.
What does Covira Surgical, Inc. do and where is it based?
Covira Surgical, Inc. operates in the Medical Devices sector, based in NORTH CHICAGO.
Explore related

See where Covira Surgical, 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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