Companies · Other Health Care

Encore Dermatology, Inc.

MALVERN · Other Health Care

Diligence memoA one-page analyst read on Encore Dermatology, Inc. — recommendation, valuation, rhythm, risks.
$89.6M
Total raised · real
4
Rounds
1.0×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Mon Apr 01 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Encore Dermatology, Inc. looks over-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.

Over-valued
  • Modeled value is 1.95× the median modeled value of Series B Other Health Care companies in 2019–2021 (78 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.3 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

Encore Dermatology, Inc. is one of 5377 Other Health Care companies tracked from MALVERN. By capital raised it ranks among the largest (ahead of 95% of sector peers), and among the largest 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
11
Investors (latest)
2014
Year incorporated
2019-04-01
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$250M$500M$750M$1.0BSeries A · 2015-05-18 Raised $11M (real) Modeled valuation $216M (est)$11M$216MSeries A2015Series A · 2016-03-09 Raised $12M (real) Modeled valuation $242M (est)$12M$242MSeries A2016Series B · 2018-01-04 Raised $34M (real) Modeled valuation $753M (est)$34M$753MSeries B2018Series B · 2019-04-01 Raised $33M (real) Modeled valuation $730M (est)$33M$730MSeries B2019+$12M+$34M+$33MCumulative $90M

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$10.7M · 2015
Series A extension$12.0M · 2016
Series B$34.0M · 2018
Series B extension$32.9M · 2019

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: 50%.

Modeled valuation trajectory
$729.9M
Base estimate est.
$77.4M
Conservative case
$2.8B
Upside case
$183.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Series A · modeled $215.9M · 2015-05-182015Series A · modeled $242.2M · 2016-03-09Series B · modeled $753.3M · 2018-01-04Series B · modeled $729.9M · 2019-04-012019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.36×/yr
Annual markup
1.64×/yr upside case
6.0 yr
Elapsed time used
7.3 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$23.2M/yr
Capital velocity
11.1 yr
On record since
2015
First round
4
Rounds on file
How it compares to the market

Benchmarked against 5377 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) 37× above median
This company$89.6M
Sector median$2.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.8× above median
This company$32.9M
Sector median$17.8M
Modeled value — vs sector median (estimate, all stages) 33× above median
This company$729.9M
Sector median$22.1M

Raised more than 95% of sector peers (real $). Modeled value above 95% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #6 of 78.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)KSMS Holdings, LLC · Series B Raised $40.0M · modeled $885.1M (est)Infab HoldCo, Inc. · Series B Raised $36.5M · modeled $807.5M (est)Aquity Holdings, Inc. · Series B Raised $36.0M · modeled $797.6M (est)MHH Management Holdco, LLC · Series B Raised $35.1M · modeled $777.6M (est)Earli Inc. · Series B Raised $40.0M · modeled $757.1M (est)National Spine & Pain Centers Holdings, LLC · Series B Raised $32.0M · modeled $708.9M (est)In Vitro Sciences, LLC · Series B Raised $31.5M · modeled $697.9M (est)Lotus Parent, Inc. · Series B Raised $31.2M · modeled $690.4M (est)Iron Oak Holdings LLC · Series B Raised $30.0M · modeled $664.6M (est)Squid Ink, Inc. · Series B Raised $30.2M · modeled $621.4M (est)Predict Innovation Investors, Llc · Series B Raised $27.9M · modeled $617.4M (est)Encore Dermatology, Inc. (this company) Raised $89.6M · modeled $729.9M (est)Encore Dermatology, Inc.
CompanyStageRaised · realValue · estvs peer med.
KSMS Holdings, LLCSeries B$40.0M$885.1M2.36×
Infab HoldCo, Inc.Series B$36.5M$807.5M2.16×
Aquity Holdings, Inc.Series B$36.0M$797.6M2.13×
MHH Management Holdco, LLCSeries B$35.1M$777.6M2.08×
Earli Inc.Series B$40.0M$757.1M2.02×
Encore Dermatology, Inc. this companySeries B$89.6M$729.9M1.95×
National Spine & Pain Centers Holdings, LLCSeries B$32.0M$708.9M1.89×
In Vitro Sciences, LLCSeries B$31.5M$697.9M1.86×
Lotus Parent, Inc.Series B$31.2M$690.4M1.84×
Iron Oak Holdings LLCSeries B$30.0M$664.6M1.78×
Squid Ink, Inc.Series B$30.2M$621.4M1.66×
Predict Innovation Investors, LlcSeries B$27.9M$617.4M1.65×
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$10.7M2015-05-18$48.6M$215.9M85%
Series A$12.0M2016-03-09$54.5M$242.2M85%
Series B$34.0M2018-01-04$188.9M$753.3M90%
Series B$32.9M2019-04-01$183.0M$729.9M90%
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$10.7M2015-05-18
    • First recorded raise — entered as Series A.
    • 13 investors on this round.
  2. Series A$12.0M2016-03-09
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  3. Series B$34.0M2018-01-04
    • Raised again after 22 mo — slower than the ~14 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 5 investors on this round.
  4. Series B$32.9M2019-04-01
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
Intelligence
2020 ~Q3
Modeled next raise · ~15mo cadence
$32.9M
Modeled next size est.range $32.9M$52.7M
1.0×
Last step-up
$23.2M/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
Michael Brown33 other2016-03
Adele Oliva8 other2019-04
Juliet Bakker8 other2019-04
Jay K. Hachigian4 other2015-05
Scott Barry3 other2016-03
William Crouse1 other2016-03
Charles Stiefel2016-03
Robert Moccia2015-05
Registry & provenance

Encore Dermatology, 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
1643309
SEC CIK
2014
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
Venus Concept Ltd.Other Health CareSeries B$66.5M$311.3Mnetwork2 shared operators · same sector · same stage
NovaSom, IncOther Health CareSeries B$53.9M$82.0Mnetwork1 shared operator · same sector · same stage
Colorescience IncOther Health CareSeries B$51.2M$66.5Mnetwork1 shared operator · same sector · same stage
Greenbrook TMS Inc.Other Health CareSeries B$50.6M$187.1Mnetwork1 shared operator · same sector · same stage
Sleep Solutions IncOther Health CareSeries B$20.0M$443.1Mnetwork1 shared operator · same sector · same stage
RxSight, Inc.Other Health CareSeries C$76.4M$1.1Bnetwork1 shared operator · same sector
OptiMedica CorpOther Health CareSeries B$90.3M$775.4Msame sector · same stage
VytronUS IncOther Health CareSeries B$91.1M$664.6Msame 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
Encore Medical, Inc.HealthtechSeed$13.3M87%
Dermasensor, Inc.Other Health CareSeries A$37.6M85%
Walk-in Dermatology Management, Inc.Other Health CareSeed$39.5M84%
Infinite Arthroscopy Inc., LtdOther Health CareSeries A$6.7M84%
BlueCreek Dermatologics, Inc.Other Health CarePre-Seed$2.0M82%
Akadeum Life Sciences, Inc.Other Health CareSeries A$20.5M81%
Avalon Med Spa, LLCOther Health CarePre-Seed$6.3M81%
Surface Ophthalmics, Inc.Other Health CareSeries B$422.4M81%
Frequently asked
How much funding has Encore Dermatology, Inc. raised?
Encore Dermatology, Inc. has raised approximately $89.6M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Encore Dermatology, Inc.'s estimated valuation?
Provath's modeled valuation for Encore Dermatology, Inc. is approximately $729.9M (modeled range $77.4M–$2.8B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Encore Dermatology, Inc. at?
Encore Dermatology, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Apr 01.
What does Encore Dermatology, Inc. do and where is it based?
Encore Dermatology, Inc. operates in the Other Health Care sector, based in MALVERN.
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