Diligence memo · auto-generated · as of July 3, 2026
Illumix Surgical Canada Inc.
Illumix Surgical Canada Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Illumix Surgical Canada Inc. operates in Medical Devices, based in TORONTO.
Sub-sector tags: medical-devices.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Illumix Surgical Canada Inc. has raised $468K in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $368K on 2024-12-31.
Most recent recorded round closed around 2025-12-31.
Valuation (modeled)modeled
Provath models Illumix Surgical Canada Inc. at approximately $196K (range $60K–$418K). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.33× the median modeled value of Pre-Seed Medical Devices companies in 2025–2027 (11 peers) — value vs value, same stage and era. Issuer reports $0–$1M revenue while modeled below niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 6 months.
Last raise 6 mo ago; this sector typically re-raises about every 16 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 3.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 29% of Medical Devices peers (233 compared).
Modeled value ranks above 13% of those peers.
Closest niche peers: Nascent Surgical Holdings, LLC, Smart Step Surgical LLC, Surgical Center Of South Jersey Lp, Specialty Surgical Center, LLC/NJ, Buck Surgical, Inc..
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.