Companies · Medical Devices

IC Surgical, Inc.

GRAND RAPIDS · Medical Devices · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on IC Surgical, Inc. — recommendation, valuation, rhythm, risks.
$1.8M
Total raised · real
3
Rounds
0.1×
Latest step-up
Top 51%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Jul 03 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

IC Surgical, 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 0.75× the median modeled value of Pre-Seed Medical Devices companies in 2019–2021 (26 peers) — value vs value, same stage and era.
  • Within the normal band (75% of peer median) for its niche.
Dormant
  • Last raise 7.0 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

IC Surgical, Inc. is one of 233 Medical Devices companies tracked from GRAND RAPIDS. By capital raised it ranks mid-pack (ahead of 50% of sector peers), and in the long tail 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
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
1
Investors (latest)
2014
Year incorporated
2019-07-03
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$50MPre-Seed · 2016-06-17 Raised $650K (real) Modeled valuation $24M (est)$650K$24MPre-Seed2016Pre-Seed · 2018-06-04 Raised $1.0M (real) Modeled valuation $37M (est)$1.0M$37MPre-Seed2018Pre-Seed · 2019-07-03 Raised $150K (real) Modeled valuation $5.5M (est)$150K$5.5MPre-Seed2019+$1.0M+$150KCumulative $1.8M

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
Pre-Seed$650K · 2016
Pre-Seed extension$1.0M · 2018
Pre-Seed extension$150K · 2019

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

Modeled valuation trajectory
$5.5M
Base estimate est.
$90K
Conservative case
$62.7M
Upside case
$833K
Modeled post-money

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

Pre-Seed · modeled $24.0M · 2016-06-172016Pre-Seed · modeled $36.9M · 2018-06-04Pre-Seed · modeled $5.5M · 2019-07-032019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
27%
Survival probability
11% low · 50% high
1.71×/yr
Annual markup
2.31×/yr upside case
6.0 yr
Elapsed time used
7.0 yr actual, capped for stale marks
medical devices
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
18 mo
Avg between rounds
$592K/yr
Capital velocity
10.0 yr
On record since
2016
First round
3
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) 0.7× of median
This company$1.8M
Sector median$2.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.5× of median
This company$150K
Sector median$296K
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$5.5M
Sector median$15.4M

Raised more than 50% of sector peers (real $). Modeled value above 39% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #18 of 26.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Augustine Surgical, Inc. · Pre-Seed Raised $1.5M · modeled $36.9M (est)White Mountain Surgical Partners, LLC · Pre-Seed Raised $841K · modeled $31.0M (est)Irving Specialists Surgical Center LLC · Pre-Seed Raised $800K · modeled $27.6M (est)Grand Parkway Surgical Institute LLC · Pre-Seed Raised $555K · modeled $20.5M (est)Halo Diagnostics Llc · Pre-Seed Raised $488K · modeled $18.0M (est)West Texas Surgical Services, LLC · Pre-Seed Raised $481K · modeled $12.0M (est)Riverside Surgical Center of Meadowlands, LLC · Pre-Seed Raised $978K · modeled $11.2M (est)Franklin Surgical Center, LLC · Pre-Seed Raised $1.0M · modeled $9.2M (est)Osage ArkMo Surgical Services LLC · Pre-Seed Raised $819K · modeled $8.6M (est)Direct Surgical Services LLC · Pre-Seed Raised $461K · modeled $8.4M (est)Auricle, Inc. · Pre-Seed Raised $350K · modeled $8.1M (est)Accessible Diagnostics LLC · Pre-Seed Raised $719K · modeled $8.1M (est)IC Surgical, Inc. (this company) Raised $1.8M · modeled $5.5M (est)IC Surgical, Inc.
CompanyStageRaised · realValue · estvs peer med.
Augustine Surgical, Inc.Pre-Seed$1.5M$36.9M5.00×
White Mountain Surgical Partners, LLCPre-Seed$841K$31.0M4.21×
Irving Specialists Surgical Center LLCPre-Seed$800K$27.6M3.75×
Grand Parkway Surgical Institute LLCPre-Seed$555K$20.5M2.78×
Halo Diagnostics LlcPre-Seed$488K$18.0M2.44×
West Texas Surgical Services, LLCPre-Seed$481K$12.0M1.63×
Riverside Surgical Center of Meadowlands, LLCPre-Seed$978K$11.2M1.52×
Franklin Surgical Center, LLCPre-Seed$1.0M$9.2M1.25×
Osage ArkMo Surgical Services LLCPre-Seed$819K$8.6M1.17×
Direct Surgical Services LLCPre-Seed$461K$8.4M1.14×
Auricle, Inc.Pre-Seed$350K$8.1M1.10×
Accessible Diagnostics LLCPre-Seed$719K$8.1M1.10×
IC Surgical, Inc. this companyPre-Seed$1.8M$5.5M0.75×
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.
Pre-Seed$650K2016-06-17$3.6M$24.0M85%
Pre-Seed$1.0M2018-06-04$5.6M$36.9M90%
Pre-Seed$150K2019-07-03$833K$5.5M90%
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. Pre-Seed$650K2016-06-17
    • First recorded raise — entered as Pre-Seed.
    • 6 investors on this round.
  2. Pre-Seed$1.0M2018-06-04
    • Raised 24 mo later, in step with the ~16 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Pre-Seed$150K2019-07-03
    • Raised 13 mo later, in step with the ~16 mo sector norm.
    • Round 6.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2021 ~Q1
Modeled next raise · ~18mo cadence
$150K
Modeled next size est.range $150K$240K
0.1×
Last step-up
$592K/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
Lisa Colleran1 other2016-06
Bradley Bengtson2016-06
Bradley Paul Bengtson2018-06
Lisa Nora Colleran2018-06
Ronald John Novotny2018-06
Ron Novotny2016-06
Sheryl Ann Mueller2018-06
Sheryl Mueller2016-06
Registry & provenance

IC Surgical, 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
1677738
SEC CIK
2014
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
Owensboro Ambulatory Surgical Facility LtdMedical DevicesPre-Seed$1.9M$10.8Msame sector · same stage
Surgical Care Partners of Melbourne, LLCMedical DevicesPre-Seed$1.9M$1.9Msame sector · same stage
Specialty Surgical Center, LLC/NJMedical DevicesPre-Seed$1.7M$1.6Msame sector · same stage
Western Connecticut Orthopedic Surgical Center, LLCMedical DevicesPre-Seed$2.1M$276Ksame sector · same stage
Augustine Surgical, Inc.Medical DevicesPre-Seed$1.5M$36.9Msame sector · same stage
Spinal Surgical Strategies, Inc.Medical DevicesPre-Seed$1.4M$23.4Msame sector · same stage
Seashore Surgical Institute, L.L.C.Medical DevicesPre-Seed$1.4M$10.0Msame sector · same stage
UCSD Surgical Center of San Diego, LLCMedical DevicesPre-Seed$1.2M$1.9Msame 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
Surgical Information Sciences, Inc.Medical DevicesSeed$27.4M87%
Surgical Innovation Associates Inc.Medical DevicesSeries A$86.9M87%
EDGe Surgical, Inc.Medical DevicesSeries A$3.6M87%
East Valley Surgical Services LLCMedical DevicesPre-Seed$3.5M87%
National Surgical Partners, LLCMedical DevicesSeries A$30.2M86%
Connecticut Surgical Center, LLCMedical DevicesPre-Seed$4.6M86%
Surgical Safety Technologies Inc.Medical DevicesSeries B$70.3M86%
Nido Surgical, Inc.Medical DevicesSeed$86.8M86%
Frequently asked
How much funding has IC Surgical, Inc. raised?
IC Surgical, Inc. has raised approximately $1.8M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is IC Surgical, Inc.'s estimated valuation?
Provath's modeled valuation for IC Surgical, Inc. is approximately $5.5M (modeled range $90K–$62.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is IC Surgical, Inc. at?
IC Surgical, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Jul 03.
What does IC Surgical, Inc. do and where is it based?
IC Surgical, Inc. operates in the Medical Devices sector, based in GRAND RAPIDS.
Explore related

See where IC Surgical, 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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