Diligence memo · auto-generated · as of July 3, 2026
Innovein, Inc.
Innovein, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Innovein, Inc. operates in Other Health Care, based in Santa Rosa, CA, USA. We cure intractable leg wounds with a replacement valve for veins.
Sub-sector tags: Medical Devices.
Capital & rounds (filed)filed
Innovein, Inc. has raised $13M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $11M on 2018-06-15.
Most recent recorded round closed around 2023-01-25.
Valuation (modeled)modeled
Provath models Innovein, Inc. at approximately $20M (range $3.3M–$62M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.56× the median modeled value of Series A Other Health Care companies in 2022–2024 (196 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 28 months.
Last raise 3.4 yr ago; this sector typically re-raises about every 14 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 4.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 79% of Other Health Care peers (5377 compared).
Modeled value ranks above 49% of those peers.
Closest niche peers: CareHarmony, Inc., Dragonfly Endoscopy Inc., NuvoAir Holdings, Inc., Post Acute Recovery, Inc., Micro Interventional Devices, Inc..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.