Companies · Other Health Care

Lithotripsy of Northern Indiana, LLC

AUSTIN · Other Health Care

Diligence memoA one-page analyst read on Lithotripsy of Northern Indiana, LLC — recommendation, valuation, rhythm, risks.
$801K
Total raised · real
6
Rounds
0.5×
Latest step-up
Top 72%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Nov 08 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Lithotripsy of Northern Indiana, LLC 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 health care 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 Pre-Seed Other Health Care companies in 2019–2021 (295 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.6 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Lithotripsy of Northern Indiana, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
17.0 yr record
Peak capital year was 2016 with $226K across 1 filings.
Market position
ahead of 29% of Other Health Care peers
Capital scale is ahead of 29% of Other Health Care peers; modeled value is above 14% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2016: $226K across 1 filings.
  • Largest single filing was $226K on 2016-04-29.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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 Other Health Care

Lithotripsy of Northern Indiana, LLC is one of 5377 Other Health Care companies tracked from AUSTIN. By capital raised it ranks in the long tail (ahead of 29% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2019-11-08
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$2.5M$5.0M$7.5M$10MPre-Seed · 2009-07-17 Raised $120K (real) Modeled valuation $3.7M (est)$120K$3.7MPre-Seed2009Pre-Seed · 2011-08-10 Raised $113K (real) Modeled valuation $3.5M (est)$113K$3.5MPre-Seed2011Pre-Seed · 2013-01-09 Raised $113K (real) Modeled valuation $3.5M (est)$113K$3.5MPre-Seed2013Pre-Seed · 2014-07-01 Raised $125K (real) Modeled valuation $3.9M (est)$125K$3.9MPre-Seed2014Pre-Seed · 2016-04-29 Raised $226K (real) Modeled valuation $7.0M (est)$226K$7.0MPre-Seed2016Pre-Seed · 2019-11-08 Raised $104K (real) Modeled valuation $3.2M (est)$104K$3.2MPre-Seed2019+$113K+$113K+$125K+$226K+$104KCumulative $801K

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$120K · 2009
Pre-Seed extension$113K · 2011
Pre-Seed extension$113K · 2013
Pre-Seed extension$125K · 2014
Pre-Seed extension$226K · 2016
Pre-Seed extension$104K · 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
$3.2M
Base estimate est.
$65K
Conservative case
$36.4M
Upside case
$579K
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 health care sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $3.7M · 2009-07-172009Pre-Seed · modeled $3.5M · 2011-08-10Pre-Seed · modeled $3.5M · 2013-01-09Pre-Seed · modeled $3.9M · 2014-07-01Pre-Seed · modeled $7.0M · 2016-04-29Pre-Seed · modeled $3.2M · 2019-11-082019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.64×/yr
Annual markup
2.23×/yr upside case
6.0 yr
Elapsed time used
6.7 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
25 mo
Avg between rounds
$78K/yr
Capital velocity
17.0 yr
On record since
2009
First round
6
Rounds on file
How it compares to the market

Benchmarked against 5377 companies in Other Health Care. 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) 0.3× of median
This company$801K
Sector median$2.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.3× of median
This company$104K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$3.2M
Sector median$22.1M

Raised more than 29% of sector peers (real $). Modeled value above 14% 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 #253 of 295.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Aetas Co LLC · Pre-Seed Raised $1.0M · modeled $30.8M (est)Hauppauge SC Holdings, LLC · Pre-Seed Raised $995K · modeled $30.6M (est)Gateway IV Lithotripsy, LLC · Pre-Seed Raised $988K · modeled $30.4M (est)Endoscopy Center of West Central Ohio, LLC · Pre-Seed Raised $964K · modeled $29.7M (est)Dalent LLC · Pre-Seed Raised $1.9M · modeled $29.2M (est)FK Investor LLC · Pre-Seed Raised $940K · modeled $29.0M (est)Lynx Dx, Inc. · Pre-Seed Raised $925K · modeled $28.5M (est)Center at Arrowhead, LLC · Pre-Seed Raised $918K · modeled $28.3M (est)MedTek Valencia eCoin, LLC · Pre-Seed Raised $905K · modeled $27.9M (est)Westside PetWell, LLC · Pre-Seed Raised $900K · modeled $27.7M (est)Ulster Dialysis Partners, LLC · Pre-Seed Raised $930K · modeled $27.6M (est)DoveMed, Ltd. · Pre-Seed Raised $1.5M · modeled $26.5M (est)Lithotripsy of Northern Indiana, LLC (this company) Raised $801K · modeled $3.2M (est)Lithotripsy of Northern Indiana, LLC
CompanyStageRaised · realValue · estvs peer med.
Aetas Co LLCPre-Seed$1.0M$30.8M3.80×
Hauppauge SC Holdings, LLCPre-Seed$995K$30.6M3.78×
Gateway IV Lithotripsy, LLCPre-Seed$988K$30.4M3.75×
Endoscopy Center of West Central Ohio, LLCPre-Seed$964K$29.7M3.66×
Dalent LLCPre-Seed$1.9M$29.2M3.61×
FK Investor LLCPre-Seed$940K$29.0M3.57×
Lynx Dx, Inc.Pre-Seed$925K$28.5M3.51×
Center at Arrowhead, LLCPre-Seed$918K$28.3M3.49×
MedTek Valencia eCoin, LLCPre-Seed$905K$27.9M3.44×
Westside PetWell, LLCPre-Seed$900K$27.7M3.42×
Ulster Dialysis Partners, LLCPre-Seed$930K$27.6M3.40×
DoveMed, Ltd.Pre-Seed$1.5M$26.5M3.27×
Lithotripsy of Northern Indiana, LLC this companyPre-Seed$801K$3.2M0.40×
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.
Pre-Seed$120K2009-07-17$667K$3.7M85%
Pre-Seed$113K2011-08-10$628K$3.5M85%
Pre-Seed$113K2013-01-09$628K$3.5M85%
Pre-Seed$125K2014-07-01$694K$3.9M85%
Pre-Seed$226K2016-04-29$1.3M$7.0M85%
Pre-Seed$104K2019-11-08$579K$3.2M90%
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$120K2009-07-17
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$113K2011-08-10
    • Raised again after 25 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  3. Pre-Seed$113K2013-01-09
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  4. Pre-Seed$125K2014-07-01
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  5. Pre-Seed$226K2016-04-29
    • Raised again after 22 mo — slower than the ~14 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 2 investors on this round.
  6. Pre-Seed$104K2019-11-08
    • Raised again after 42 mo — slower than the ~14 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2021 ~Q4
Modeled next raise · ~25mo cadence
$104K
Modeled next size est.range $104K$167K
0.5×
Last step-up
$78K/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
Chris Steidle2009-07
Craig Hamilton2009-07
Registry & provenance

Lithotripsy of Northern Indiana, LLC 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
1466891
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
ProPedix, Inc.Other Health CarePre-Seed$800K$2.8Msame sector · same stage
North Texas Renal Management II LLCOther Health CarePre-Seed$808K$3.0Msame sector · same stage
Greenwich Village Center, LLCOther Health CarePre-Seed$817K$4.0Msame sector · same stage
Clarion Research Group, Inc.Other Health CarePre-Seed$825K$3.7Msame sector · same stage
Orthopedic Surgery Center of Palm Beach County, LLCOther Health CarePre-Seed$771K$3.6Msame sector · same stage
Apollo Med Innovations, Inc.Other Health CarePre-Seed$835K$2.6Msame sector · same stage
Axia Orthopedics, Inc.Other Health CarePre-Seed$843K$2.9Msame sector · same stage
Elastance Imaging LLCOther Health CarePre-Seed$855K$2.5Msame 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
Lithotripsy Institute of Indiana, LLCOther Health CarePre-Seed$831K94%
Wisconsin Lithotripsy, LLCOther Health CarePre-Seed$5.9M90%
Greater Michigan Lithotripsy, LLCOther Health CarePre-Seed$3.0M88%
Atlantic Lithotripsy, LlcOther Health CarePre-Seed$4.7M88%
Lawrenceville Lithotripsy, LLCOther Health CarePre-Seed$4.2M87%
NMCO Lithotripsy, LLCOther Health CarePre-Seed$4.9M87%
Dothan Lithotripsy, LLCOther Health CarePre-Seed$339K87%
Maritime Lithotripsy LlcOther Health CarePre-Seed$10.6M87%
Frequently asked
How much funding has Lithotripsy of Northern Indiana, LLC raised?
Lithotripsy of Northern Indiana, LLC has raised approximately $801K in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Lithotripsy of Northern Indiana, LLC's estimated valuation?
Provath's modeled valuation for Lithotripsy of Northern Indiana, LLC is approximately $3.2M (modeled range $65K–$36.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Lithotripsy of Northern Indiana, LLC at?
Lithotripsy of Northern Indiana, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Nov 08.
What does Lithotripsy of Northern Indiana, LLC do and where is it based?
Lithotripsy of Northern Indiana, LLC operates in the Other Health Care sector, based in AUSTIN.
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