Diligence memo · auto-generated · as of July 2, 2026
ExThera Medical Corp
ExThera Medical Corp looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
ExThera Medical Corp operates in Healthtech, based in MARTINEZ.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
ExThera Medical Corp has raised $63M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $21M on 2021-02-05.
Most recent recorded round closed around 2024-08-12.
Valuation (modeled)modeled
Provath models ExThera Medical Corp at approximately $10.0M (range $3.6M–$17M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.06× the median modeled value of Series B Healthtech companies in 2022–2024 (98 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 30 months.
Last raise 23 mo ago; this sector typically re-raises about every 14 months.
Slightly overdue versus sector cadence.
The last round was 4.4× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 93% of Healthtech peers (2138 compared).
Modeled value ranks above 33% of those peers.
Closest niche peers: Casana Care, Inc., Mendel Health Inc., Bicycle Health Inc., Brave Health, Inc., Flume Health, Inc..
Peoplefiled
18 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.