Companies · Other Health Care

Fourth Edge LLC

NEW YORK · Other Health Care

Diligence memoA one-page analyst read on Fourth Edge LLC — recommendation, valuation, rhythm, risks.
$119.7M
Total raised · real
3
Rounds
2.0×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Mon Dec 22 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Fourth Edge LLC looks fair against its niche peers and is active 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.

Fair
  • Modeled value is 0.98× the median modeled value of Series C Other Health Care companies in 2025–2027 (20 peers) — value vs value, same stage and era.
  • Within the normal band (98% of peer median) for its niche.
Active
  • Last raise 6 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Fourth Edge LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
0.6 yr record
Peak capital year was 2025 with $119.7M across 3 filings.
Market position
ahead of 97% of Other Health Care peers
Capital scale is ahead of 97% of Other Health Care peers; modeled value is above 89% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2025: $119.7M across 3 filings.
  • Largest single filing was $60.0M on 2025-11-07.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
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

Fourth Edge LLC is one of 5376 Other Health Care companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 97% of sector peers), and in the upper tier 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
8
Investors (latest)
2025
Year incorporated
2025-12-22
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 C · 2025-11-07 Raised $60M (real) Modeled valuation $346M (est)$60M$346MSeries C2025Series B · 2025-11-07 Raised $20M (real) Modeled valuation $87M (est)$20M$87MSeries B2025Series C · 2025-12-22 Raised $40M (real) Modeled valuation $222M (est)$40M$222MSeries C2025+$20M+$40MCumulative $120M

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 C$60.0M · 2025
Bridge · Series C-stage$20.0M · 2025smaller follow-on
Series C extension$39.7M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$221.8M
Base estimate est.
$144.2M
Conservative case
$275.0M
Upside case
$264.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Series C · modeled $346.3M · 2025-11-072025Series B · modeled $86.5M · 2025-11-07Series C · modeled $221.8M · 2025-12-222025
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
73%
Survival probability
55% low · 85% high
1.29×/yr
Annual markup
1.48×/yr upside case
0.5 yr
Elapsed time used
0.5 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
1 mo
Avg between rounds
Capital velocity
0.6 yr
On record since
2025
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) 49× above median
This company$119.7M
Sector median$2.4M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.9× of median
This company$39.7M
Sector median$45.9M
Modeled value — vs sector median (estimate, all stages) 10× above median
This company$221.8M
Sector median$22.1M

Raised more than 97% of sector peers (real $). Modeled value above 89% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #12 of 20.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)RESTOR3D, Inc. · Series C Raised $239.2M · modeled $522.0M (est)ByHeart, Inc. · Series C Raised $378.4M · modeled $493.2M (est)SpyGlassPharma, Inc. · Series C Raised $134.8M · modeled $484.8M (est)VantAI Holdings, Inc. · Series C Raised $86.3M · modeled $475.3M (est)BioIntelliSense, Inc. · Series C Raised $140.0M · modeled $328.7M (est)ObjectiveHealth, Inc. · Series C Raised $68.0M · modeled $321.0M (est)VentureMed Group, Inc. · Series C Raised $59.8M · modeled $288.0M (est)Exo Imaging, Inc. · Series C Raised $169.6M · modeled $284.4M (est)InspireMD, Inc. · Series C Raised $117.2M · modeled $248.1M (est)Fonar, Llc · Series C Raised $51.2M · modeled $228.9M (est)MicroTransponder, Inc. · Series C Raised $117.7M · modeled $223.2M (est)Fourth Edge LLC (this company) Raised $119.7M · modeled $221.8M (est)Fourth Edge LLC
CompanyStageRaised · realValue · estvs peer med.
RESTOR3D, Inc.Series C$239.2M$522.0M2.31×
ByHeart, Inc.Series C$378.4M$493.2M2.18×
SpyGlassPharma, Inc.Series C$134.8M$484.8M2.14×
VantAI Holdings, Inc.Series C$86.3M$475.3M2.10×
BioIntelliSense, Inc.Series C$140.0M$328.7M1.45×
ObjectiveHealth, Inc.Series C$68.0M$321.0M1.42×
VentureMed Group, Inc.Series C$59.8M$288.0M1.27×
Exo Imaging, Inc.Series C$169.6M$284.4M1.26×
InspireMD, Inc.Series C$117.2M$248.1M1.10×
Fonar, LlcSeries C$51.2M$228.9M1.01×
MicroTransponder, Inc.Series C$117.7M$223.2M0.99×
Fourth Edge LLC this companySeries C$119.7M$221.8M0.98×
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 C$60.0M2025-11-07$400.0M$346.3M90%
Series B$20.0M2025-11-07$111.1M$86.5M90%
Series C$39.7M2025-12-22$264.4M$221.8M90%
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 C$60.0M2025-11-07
    • First recorded raise — entered as Series C.
    • 1 investor on this round.
  2. Series B$20.0M2025-11-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.0× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Series C$39.7M2025-12-22
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 8 investors on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~1mo cadence
$78.7M
Modeled next size est.range $51.1M$125.9M
2.0×
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
Eric Moskow5 other2025-11
Joseph Brunink5 other2025-11
David Shulkin4 other2025-11
Elliot Moskow4 other2025-11
Benjamin Glatter2 other2025-11
Fred Leathers2 other2025-11
Clive Fields1 other2025-11
Robert Wachter1 other2025-11
Ava Schaefer2025-11
Brent Hall2025-12
Everett Neville2025-11
Mary Beth Lang2025-11
Michelle Carnahan2025-11
Richard Becker2025-11
Simcha Hyman2025-11
Vincent Tammaro2025-11
Registry & provenance

Fourth Edge LLC 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
2100879
SEC CIK
2025
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
Tidal Wave GPO, LLCOther Health CareSeries B$34.8M$324.3Mnetwork4 shared operators · same sector
Clear Wave Delivery Systems LLCSoftware / TechSeries B$17.4M$194.1Mnetwork4 shared operators
MicroTransponder, Inc.Other Health CareSeries C$117.7M$223.2Msame sector · same stage
Neotract IncOther Health CareSeries C$117.5M$293.0Msame sector · same stage
InspireMD, Inc.Other Health CareSeries C$117.2M$248.1Msame sector · same stage
Calyxo, Inc.Other Health CareSeries C$115.9M$204.7Msame sector · same stage
TRIA Beauty, Inc.Other Health CareSeries C$155.9M$194.4Msame sector · same stage
Vavotar Life Sciences LLCOther Health CareSeries C$156.0M$228.6Msame 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
Assisted 4 Living, Inc.Other Health CareSeries A$62.2M86%
4WEB, Inc.Other Health CareSeries A$252.2M85%
At4K, LlcOther Health CareSeed$10.5M85%
A4L (US), Inc.Other Health CareSeries B$18.9M85%
FourC Health, Inc.HealthtechPre-Seed$7.6M84%
4Paws Dx, Inc.Other Health CareSeries C$779.8M84%
EdgePoint Integrity Solutions, Inc.Other Health CarePre-Seed$4.4M84%
Pacific Edge LtdOther Health CareSeed$43.4M83%
Frequently asked
How much funding has Fourth Edge LLC raised?
Fourth Edge LLC has raised approximately $119.7M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Fourth Edge LLC's estimated valuation?
Provath's modeled valuation for Fourth Edge LLC is approximately $221.8M (modeled range $144.2M–$275.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Fourth Edge LLC at?
Fourth Edge LLC's latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Dec 22.
What does Fourth Edge LLC do and where is it based?
Fourth Edge LLC operates in the Other Health Care sector, based in NEW YORK.
Explore related

See where Fourth Edge LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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