Companies · Healthtech

Francis Medical, Inc.

MAPLE GROVE · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Francis Medical, Inc. — recommendation, valuation, rhythm, risks.
$70.1M
Total raised · real
3
Rounds
2.0×
Latest step-up
Top 7%
Sector rank · raised
Series B
Latest stage · inferred · Mon Dec 16 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Francis Medical, Inc. looks fair against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the healthtech 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 1.42× the median modeled value of Series B Healthtech companies in 2022–2024 (98 peers) — value vs value, same stage and era.
  • Within the normal band (142% of peer median) for its niche.
Quiet
  • Last raise 18 mo ago; this sector typically re-raises about every 14 months.
  • Slightly overdue versus sector 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 Healthtech

Francis Medical, Inc. is one of 2138 Healthtech companies tracked from MAPLE GROVE. By capital raised it ranks among the largest (ahead of 94% 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
16
Investors (latest)
2024-12-16
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 A · 2018-11-16 Raised $10M (real) Modeled valuation $228M (est)$10M$228MSeries A2018Series A · 2018-11-16 Raised $10M (real) Modeled valuation $228M (est)$10M$228MSeries A2018Series B · 2021-09-14 Raised $20M (real) Modeled valuation $336M (est)$20M$336MSeries B2021Series B · 2024-12-16 Raised $40M (real) Modeled valuation $234M (est)$40M$234MSeries B2024+$10M+$20M+$40MCumulative $80M

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$10.1M · 2018
Series A extension$10.1M · 2018
Series B$20.0M · 2021
Series B extension$40.0M · 2024

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
$234.0M
Base estimate est.
$94.0M
Conservative case
$383.6M
Upside case
$222.2M
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 healthtech sector profile. Directional, not a quoted figure.

Series A · modeled $227.6M · 2018-11-162018Series A · modeled $227.6M · 2018-11-16Series B · modeled $335.7M · 2021-09-14Series B · modeled $234.0M · 2024-12-162024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.38×/yr
Annual markup
1.67×/yr upside case
1.5 yr
Elapsed time used
1.5 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
24 mo
Avg between rounds
$11.5M/yr
Capital velocity
7.6 yr
On record since
2018
First round
4
Rounds on file
How it compares to the market

Benchmarked against 2138 companies in Healthtech. 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) 16× above median
This company$70.1M
Sector median$4.5M
Latest round — vs other Series B rounds in sector (real $, this stage) 2.2× above median
This company$40.0M
Sector median$18.3M
Modeled value — vs sector median (estimate, all stages) 6.9× above median
This company$234.0M
Sector median$33.8M

Raised more than 94% of sector peers (real $). Modeled value above 88% 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 #29 of 98.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Casana Care, Inc. · Series B Raised $56.4M · modeled $608.0M (est)Mendel Health Inc. · Series B Raised $52.7M · modeled $570.9M (est)Bicycle Health Inc. · Series B Raised $61.4M · modeled $492.6M (est)Brave Health, Inc. · Series B Raised $38.6M · modeled $485.7M (est)Flume Health, Inc. · Series B Raised $35.9M · modeled $446.0M (est)Healthy America, LLC · Series B Raised $31.0M · modeled $435.9M (est)Moxe Health Corp · Series B Raised $34.8M · modeled $404.2M (est)Kintsugi Mindful Wellness, Inc. · Series B Raised $25.0M · modeled $370.4M (est)Invoq Health, Inc. · Series B Raised $41.5M · modeled $362.5M (est)Folx Health, Inc. · Series B Raised $59.3M · modeled $355.7M (est)Recuro Health, Inc. · Series B Raised $44.2M · modeled $340.0M (est)Orchard Healthcare, Inc. · Series B Raised $34.8M · modeled $338.9M (est)Francis Medical, Inc. (this company) Raised $70.1M · modeled $234.0M (est)Francis Medical, Inc.
CompanyStageRaised · realValue · estvs peer med.
Casana Care, Inc.Series B$56.4M$608.0M3.68×
Mendel Health Inc.Series B$52.7M$570.9M3.45×
Bicycle Health Inc.Series B$61.4M$492.6M2.98×
Brave Health, Inc.Series B$38.6M$485.7M2.94×
Flume Health, Inc.Series B$35.9M$446.0M2.70×
Healthy America, LLCSeries B$31.0M$435.9M2.64×
Moxe Health CorpSeries B$34.8M$404.2M2.45×
Kintsugi Mindful Wellness, Inc.Series B$25.0M$370.4M2.24×
Invoq Health, Inc.Series B$41.5M$362.5M2.19×
Folx Health, Inc.Series B$59.3M$355.7M2.15×
Recuro Health, Inc.Series B$44.2M$340.0M2.06×
Orchard Healthcare, Inc.Series B$34.8M$338.9M2.05×
Francis Medical, Inc. this companySeries B$70.1M$234.0M1.42×
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$10.1M2018-11-16$45.8M$227.6M90%
Series A$10.1M2018-11-16$45.8M$227.6M90%
Series B$20.0M2021-09-14$111.1M$335.7M90%
Series B$40.0M2024-12-16$222.2M$234.0M90%
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$10.1M2018-11-16
    • First recorded raise — entered as Series A.
    • 14 investors on this round.
  2. Series A$10.1M2018-11-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 04.3).
    • 14 investors on this round.
  3. Series B$20.0M2021-09-14
    • Raised again after 34 mo — slower than the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 18 investors on this round.
  4. Series B$40.0M2024-12-16
    • Raised again after 39 mo — slower than the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 16 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~24mo cadence
$80.0M
Modeled next size est.range $52.0M$128.0M
2.0×
Last step-up
$11.5M/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
David Adair6 other2018-11
Jan Garfinkle6 other2018-11
Andrew Cleeland4 other2024-12
Michael Hoey3 other2018-11
Andre De Bruin1 other2018-11
Michael Kujak2018-11
Registry & provenance

Francis Medical, 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
1760157
SEC CIK
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
Nxthera IncOtherSeries B$87.1M$342.4Mnetwork3 shared operators · same stage
Priority Private Care Management, Inc.HealthtechSeries B$70.2M$177.8Msame sector · same stage
Commons Clinic Inc.HealthtechSeries B$69.8M$145.0Msame sector · same stage
Q'Apel Medical, Inc.HealthtechSeries B$68.9M$123.3Msame sector · same stage
Patient Home Monitoring Corp.HealthtechSeries B$72.5M$116.9Msame sector · same stage
Health Data Vision, Inc.HealthtechSeries B$66.7M$153.8Msame sector · same stage
Contego Medical IncHealthtechSeries B$63.7M$235.0Msame sector · same stage
Okami Medical, Inc.HealthtechSeries B$77.2M$125.6Msame 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
Folx Health, Inc.HealthtechSeries B$355.7M89%
Perfect Health, Inc.HealthtechSeries B$585.7M86%
What About Health, Inc.HealthtechPre-Seed$7.6M86%
Covera Health, Inc.HealthtechSeries B$485.3M84%
Brighton Health Group Holdings, LLCHealthtechSeries D+$3.2M84%
Intraprise Health, LLCHealthtechSeries A$10.9M84%
Foresee Medical, Inc.HealthtechSeries A$6.1M84%
Functional Medical Imaging, LLCHealthtechPre-Seed$1.0M84%
Frequently asked
How much funding has Francis Medical, Inc. raised?
Francis Medical, Inc. has raised approximately $70.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Francis Medical, Inc.'s estimated valuation?
Provath's modeled valuation for Francis Medical, Inc. is approximately $234.0M (modeled range $94.0M–$383.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Francis Medical, Inc. at?
Francis Medical, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Dec 16.
What does Francis Medical, Inc. do and where is it based?
Francis Medical, Inc. operates in the Healthtech sector, based in MAPLE GROVE.
Explore related

See where Francis Medical, 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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