Companies · Medical Devices

Htg Molecular Diagnostics, Inc

TUCSON · Medical Devices · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Htg Molecular Diagnostics, Inc — recommendation, valuation, rhythm, risks.
$65.3M
Total raised · real
9
Rounds
2.2×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Mon Mar 21 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Htg Molecular Diagnostics, Inc looks fair 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 medical devices 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 0.69× the median modeled value of Series B Medical Devices companies in 2022–2024 (5 peers) — value vs value, same stage and era.
  • Within the normal band (69% of peer median) for its niche.
Dormant
  • Last raise 4.3 yr ago; this sector typically re-raises about every 16 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 Medical Devices

Htg Molecular Diagnostics, Inc is one of 233 Medical Devices companies tracked from TUCSON. By capital raised it ranks among the largest (ahead of 95% 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.

medical-devices

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2022-03-21
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 · 2008-11-03 Raised $4.3M (real) Modeled valuation $104M (est)Series A2008Series A · 2010-07-30 Raised $1.7M (real) Modeled valuation $42M (est)Series A2010Series A · 2011-02-18 Raised $14M (real) Modeled valuation $347M (est)Series A2011Series A · 2011-02-18 Raised $10M (real) Modeled valuation $242M (est)Series A2011Series A · 2012-11-02 Raised $7.6M (real) Modeled valuation $182M (est)Series A2012Series A · 2014-02-04 Raised $7.5M (real) Modeled valuation $180M (est)Series A2014Series A · 2014-08-22 Raised $800K (real) Modeled valuation $19M (est)Series A2014Series B · 2015-01-14 Raised $18M (real) Modeled valuation $477M (est)Series B2015Series B · 2019-09-24 Raised $3.5M (real) Modeled valuation $92M (est)Series B2019Series B · 2022-03-21 Raised $7.5M (real) Modeled valuation $110M (est)Series B2022+$1.7M+$14M+$10M+$7.6M+$7.5M+$800K+$18M+$3.5M+$7.5MCumulative $75M

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$4.3M · 2008
Series A extension$1.7M · 2010
Series A extension$14.4M · 2011
Series A extension$10.0M · 2011
Series A extension$7.6M · 2012
Series A extension$7.5M · 2014
Series A extension$800K · 2014
Series B$18.0M · 2015
Series B extension$3.5M · 2019
Series B extension$7.5M · 2022

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
$110.4M
Base estimate est.
$16.9M
Conservative case
$305.7M
Upside case
$41.7M
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 medical devices sector profile. Directional, not a quoted figure.

Series A · modeled $104.0M · 2008-11-032008Series A · modeled $41.9M · 2010-07-30Series A · modeled $347.5M · 2011-02-18Series A · modeled $241.5M · 2011-02-18Series A · modeled $182.3M · 2012-11-02Series A · modeled $180.4M · 2014-02-04Series A · modeled $19.3M · 2014-08-22Series B · modeled $477.5M · 2015-01-14Series B · modeled $91.8M · 2019-09-24Series B · modeled $110.4M · 2022-03-212022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
61%
Survival probability
41% low · 75% high
1.41×/yr
Annual markup
1.71×/yr upside case
4.3 yr
Elapsed time used
4.3 yr actual, capped for stale marks
medical devices
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
18 mo
Avg between rounds
$4.9M/yr
Capital velocity
17.7 yr
On record since
2008
First round
10
Rounds on file
How it compares to the market

Benchmarked against 233 companies in Medical Devices. 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) 26× above median
This company$65.3M
Sector median$2.6M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.4× of median
This company$7.5M
Sector median$16.7M
Modeled value — vs sector median (estimate, all stages) 7.2× above median
This company$110.4M
Sector median$15.4M

Raised more than 95% 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 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 #5 of 5.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Proxim Diagnostics Corp · Series B Raised $22.9M · modeled $210.4M (est)Eximis Surgical Inc. · Series B Raised $40.6M · modeled $160.4M (est)EarliTec Diagnostics, Inc. · Series B Raised $27.0M · modeled $159.8M (est)Zenflow, Inc. · Series B Raised $75.3M · modeled $116.7M (est)Htg Molecular Diagnostics, Inc (this company) Raised $65.3M · modeled $110.4M (est)Htg Molecular Diagnostics, Inc
CompanyStageRaised · realValue · estvs peer med.
Proxim Diagnostics CorpSeries B$22.9M$210.4M1.32×
Eximis Surgical Inc.Series B$40.6M$160.4M1.00×
EarliTec Diagnostics, Inc.Series B$27.0M$159.8M1.00×
Zenflow, Inc.Series B$75.3M$116.7M0.73×
Htg Molecular Diagnostics, Inc this companySeries B$65.3M$110.4M0.69×
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$4.3M2008-11-03$19.6M$104.0M85%
Series A$1.7M2010-07-30$7.9M$41.9M85%
Series A$14.4M2011-02-18$65.5M$347.5M85%
Series A$10.0M2011-02-18$45.5M$241.5M85%
Series A$7.6M2012-11-02$34.3M$182.3M85%
Series A$7.5M2014-02-04$34.0M$180.4M85%
Series A$800K2014-08-22$3.6M$19.3M85%
Series B$18.0M2015-01-14$100.1M$477.5M85%
Series B$3.5M2019-09-24$19.2M$91.8M90%
Series B$7.5M2022-03-21$41.7M$110.4M90%
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$4.3M2008-11-03
    • First recorded raise — entered as Series A.
    • 7 investors on this round.
  2. Series A$1.7M2010-07-30
    • Raised 21 mo later, in step with the ~16 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 22 investors on this round.
  3. Series A$14.4M2011-02-18
    • Came back fast: 7 mo vs the ~16 mo sector norm.
    • Round 8.3× larger than the prior — scaling up.
    • 30 investors on this round.
  4. Series A$10.0M2011-02-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 28 investors on this round.
  5. Series A$7.6M2012-11-02
    • Raised 20 mo later, in step with the ~16 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  6. Series A$7.5M2014-02-04
    • Raised 15 mo later, in step with the ~16 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 15 investors on this round.
  7. Series A$800K2014-08-22
    • Came back fast: 7 mo vs the ~16 mo sector norm.
    • Round 9.3× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  8. Series B$18.0M2015-01-14
    • Came back fast: 5 mo vs the ~16 mo sector norm.
    • Round 22.5× larger than the prior — scaling up.
    • 19 investors on this round.
  9. Series B$3.5M2019-09-24
    • Raised again after 56 mo — slower than the ~16 mo sector norm.
    • Round 5.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  10. Series B$7.5M2022-03-21
    • Raised again after 30 mo — slower than the ~16 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2023 ~Q3
Modeled next raise · ~18mo cadence
$16.2M
Modeled next size est.range $10.6M$26.0M
2.2×
Last step-up
$4.9M/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
Peter Bisgaard8 other2014-02
Simeon George7 other2014-02
Harry George5 other2008-11
Ann F. Hanham2 other2019-09
Harry A. George2 other2011-02
John M. Holliman2 other2008-11
Timothy Johnson2 other2008-11
James T. LaFrance1 other2019-09
Kirk A. Collamer1 other2008-11
Lewis Shuster1 other2014-08
Timothy B. Johnson1 other2019-09
Bruce E. Seligmann2008-11
Christopher R. Kiritsy2022-03
Donald W. Grimm2008-11
Don M. Hardison2019-09
Harry M. George2010-07
Jim A. Weersing2010-07
Jim Weersing2008-11
John Lubniewski2019-09
Larry A. Senour2011-02
Larry E. Senour2010-07
Larry Senour2008-11
Lee R. McCracken2019-09
Michelle R. Griffin2019-09
Registry & provenance

Htg Molecular Diagnostics, 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
1169987
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
Onkos Surgical, Inc.Medical DevicesSeries B$72.3M$595.7Msame sector · same stage
Zenflow, Inc.Medical DevicesSeries B$75.3M$116.7Msame sector · same stage
Vicarious Surgical Inc.Medical DevicesSeries B$55.9M$51.2Msame sector · same stage
Bardy Diagnostics, Inc.Medical DevicesSeries B$89.8M$11.9Msame sector · same stage
Auxogyn IncOther Health CareSeries B$73.1M$327.3Mnetwork1 shared operator · same stage
Ceterix Orthopaedics, Inc.Other Health CareSeries B$54.4M$510.5Mnetwork1 shared operator · same stage
Eximis Surgical Inc.Medical DevicesSeries B$40.6M$160.4Msame sector · same stage
Celsee Diagnostics, Inc.Medical DevicesSeries B$40.5M$135.3Msame 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
Minute Molecular Diagnostics, Inc.Medical DevicesSeries A$35.0M85%
Bardy Diagnostics, Inc.Medical DevicesSeries B$11.9M83%
Specific Diagnostics, Inc.Medical DevicesSeries B$463.6M83%
Gestalt Diagnostics, LLCMedical DevicesSeries A$25.2M82%
BioMEMS Diagnostics, Inc.Medical DevicesSeed$27.1M82%
Nanomedical Diagnostics, Inc.Medical DevicesSeries A$38.0M82%
Halo Diagnostics LlcMedical DevicesPre-Seed$18.0M82%
Rose Diagnostics Inc.Medical DevicesSeed$7.2M82%
Frequently asked
How much funding has Htg Molecular Diagnostics, Inc raised?
Htg Molecular Diagnostics, Inc has raised approximately $65.3M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Htg Molecular Diagnostics, Inc's estimated valuation?
Provath's modeled valuation for Htg Molecular Diagnostics, Inc is approximately $110.4M (modeled range $16.9M–$305.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Htg Molecular Diagnostics, Inc at?
Htg Molecular Diagnostics, Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Mar 21.
What does Htg Molecular Diagnostics, Inc do and where is it based?
Htg Molecular Diagnostics, Inc operates in the Medical Devices sector, based in TUCSON.
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