Diligence memo · auto-generated · as of July 2, 2026
Direct Flow Medical, Inc.
Direct Flow Medical, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Direct Flow Medical, Inc. operates in Other Health Care, based in SANTA ROSA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Direct Flow Medical, Inc. has raised $171M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $40M on 2009-09-18.
Most recent recorded round closed around 2016-03-16.
Valuation (modeled)modeled
Provath models Direct Flow Medical, Inc. at approximately $620M (range $98M–$1.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.60× the median modeled value of Series C Other Health Care companies in 2016–2018 (40 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 10.3 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 98% of Other Health Care peers (5377 compared).
Modeled value ranks above 94% of those peers.
Closest niche peers: Specialty Networks, LLC, New MMI Holdings, Inc., BioMatrix Holdings, L.L.C., Sea Hunter Holdings, LLC, Bind Benefits, Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.