Companies · Healthtech

I-Pass Patient Safety Institute, Inc.

Boston · Healthtech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on I-Pass Patient Safety Institute, Inc. — recommendation, valuation, rhythm, risks.
$2.0M
Total raised · real
2
Rounds
0.5×
Latest step-up
Top 64%
Sector rank · raised
Seed
Latest stage · inferred · Fri Mar 08 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

I-Pass Patient Safety Institute, Inc. looks under-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 healthtech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.40× the median modeled value of Seed Healthtech companies in 2019–2021 (180 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 Healthtech

I-Pass Patient Safety Institute, Inc. is one of 2138 Healthtech companies tracked from Boston. By capital raised it ranks in the long tail (ahead of 37% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

healthtech

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
2
Investors (latest)
2016
Year incorporated
2019-03-08
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$13M$25M$38M$50MSeed · 2016-11-23 Raised $1.3M (real) Modeled valuation $36M (est)$1.3M$36MSeed2016Seed · 2019-03-08 Raised $658K (real) Modeled valuation $18M (est)$658K$18MSeed2019Pre-Seed · 2019-03-08 Raised $350K (real) Modeled valuation $12M (est)$350K$12MPre-Seed2019+$658K+$350KCumulative $2.3M

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
Seed$1.3M · 2016
Seed extension$658K · 2019
Bridge · Seed-stage$350K · 2019smaller follow-on

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$18.2M
Base estimate est.
$557K
Conservative case
$143.1M
Upside case
$3.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Seed · modeled $36.0M · 2016-11-232016Seed · modeled $18.2M · 2019-03-08Pre-Seed · modeled $12.1M · 2019-03-082019
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.57×/yr
Annual markup
2.05×/yr upside case
6.0 yr
Elapsed time used
7.3 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$856K/yr
Capital velocity
9.6 yr
On record since
2016
First round
3
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) 0.4× of median
This company$2.0M
Sector median$4.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.2× of median
This company$350K
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$18.2M
Sector median$33.8M

Raised more than 37% of sector peers (real $). Modeled value above 43% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #158 of 180.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Hippo Health, Inc. · Seed Raised $4.0M · modeled $110.9M (est)Primacy Health Inc. · Seed Raised $4.0M · modeled $110.9M (est)Ursa Major Natural Care, Inc. · Seed Raised $4.0M · modeled $110.9M (est)Able Health Inc. · Seed Raised $3.9M · modeled $107.5M (est)Gentem Health Inc · Seed Raised $3.8M · modeled $105.1M (est)Insight Medical Holdings, LLC · Seed Raised $3.8M · modeled $104.0M (est)Paragon Southwest Medical Waste, LLC · Seed Raised $6.7M · modeled $101.6M (est)Fresenius Medical Care Sloans Lake, LLC · Seed Raised $3.6M · modeled $99.2M (est)Karuna Health, Inc. · Seed Raised $4.7M · modeled $97.0M (est)Fresenius Medical Care Fairmount Heights, LLC · Seed Raised $3.4M · modeled $93.0M (est)WELL Health Technologies Corp. · Seed Raised $3.7M · modeled $92.8M (est)Fresenius Medical Care Rock Quarry, LLC · Seed Raised $3.3M · modeled $92.5M (est)I-Pass Patient Safety Institute, Inc. (this company) Raised $2.0M · modeled $18.2M (est)I-Pass Patient Safety Institute, Inc.
CompanyStageRaised · realValue · estvs peer med.
Hippo Health, Inc.Seed$4.0M$110.9M2.42×
Primacy Health Inc.Seed$4.0M$110.9M2.42×
Ursa Major Natural Care, Inc.Seed$4.0M$110.9M2.42×
Able Health Inc.Seed$3.9M$107.5M2.34×
Gentem Health IncSeed$3.8M$105.1M2.29×
Insight Medical Holdings, LLCSeed$3.8M$104.0M2.27×
Paragon Southwest Medical Waste, LLCSeed$6.7M$101.6M2.21×
Fresenius Medical Care Sloans Lake, LLCSeed$3.6M$99.2M2.16×
Karuna Health, Inc.Seed$4.7M$97.0M2.12×
Fresenius Medical Care Fairmount Heights, LLCSeed$3.4M$93.0M2.03×
WELL Health Technologies Corp.Seed$3.7M$92.8M2.02×
Fresenius Medical Care Rock Quarry, LLCSeed$3.3M$92.5M2.01×
I-Pass Patient Safety Institute, Inc. this companySeed$2.0M$18.2M0.40×
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.
Seed$1.3M2016-11-23$6.5M$36.0M90%
Seed$658K2019-03-08$3.3M$18.2M90%
Pre-Seed$350K2019-03-08$1.9M$12.1M90%
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. Seed$1.3M2016-11-23
    • First recorded raise — entered as Seed.
    • 9 investors on this round.
  2. Seed$658K2019-03-08
    • Raised again after 27 mo — slower than the ~14 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  3. Pre-Seed$350K2019-03-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2020 ~Q2
Modeled next raise · ~14mo cadence
$350K
Modeled next size est.range $350K$560K
0.5×
Last step-up
$856K/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
Timothy O'Shea2 other2019-03
William Floyd1 other2016-11
Amy J. Starmer2016-11
Christopher Landrigan2019-03
Christopher Scott Landrigan2016-11
Nancy D. Spector2016-11
Ralph M. Fargnoli2019-03
Ronald Scott Pitt2016-11
Scott M. Pitt2019-03
Ted J. Sectish2016-11
Theodore C Sectish2019-03
Tim O'Shea2016-11
Zachary M. Zeitlin2016-11
Registry & provenance

I-Pass Patient Safety Institute, 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
1691252
SEC CIK
2016
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
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Fresenius Medical Care Starkville Home, LLCHealthtechSeed$2.0M$23.5Msame sector · same stage
Stride Healthcare Management LLCHealthtechSeed$2.0M$9.4Msame sector · same stage
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Airx Health Software, Inc.HealthtechSeed$1.9M$14.2Msame sector · same stage
Halo Health Clinic Inc.HealthtechSeed$1.9M$12.9Msame sector · same stage
Cortex Health, Inc.HealthtechSeed$2.0M$12.5Msame sector · same stage
Family Care Path, Inc.HealthtechSeed$2.0M$22.2Msame 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
IGI Medical Technologies, LLCHealthtechSeries A$103.8M81%
Interstate Health Systems, Inc.HealthtechSeed$20.8M81%
Healthcare, Inc.HealthtechSeries D+$4.0B80%
Healthsense IncHealthtechSeries A$65.5M79%
E-SAFE Medical, Inc.HealthtechSeed$43.0M79%
Guide Care Inc.HealthtechSeries A$56.1M79%
MyA Health, Inc.HealthtechSeed$20.9M79%
Facility Health, Inc.HealthtechSeed$19.9M79%
Frequently asked
How much funding has I-Pass Patient Safety Institute, Inc. raised?
I-Pass Patient Safety Institute, Inc. has raised approximately $2.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is I-Pass Patient Safety Institute, Inc.'s estimated valuation?
Provath's modeled valuation for I-Pass Patient Safety Institute, Inc. is approximately $18.2M (modeled range $557K–$143.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is I-Pass Patient Safety Institute, Inc. at?
I-Pass Patient Safety Institute, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Mar 08.
What does I-Pass Patient Safety Institute, Inc. do and where is it based?
I-Pass Patient Safety Institute, Inc. operates in the Healthtech sector, based in Boston.
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