Companies · Healthtech

Lungpacer Medical, Inc.

EXTON · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Lungpacer Medical, Inc. — recommendation, valuation, rhythm, risks.
$121.4M
Total raised · real
5
Rounds
0.5×
Latest step-up
Top 5%
Sector rank · raised
Series C
Latest stage · inferred · Tue Mar 18 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Lungpacer Medical, Inc. looks under-valued against its niche peers and is active 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 0.21× the median modeled value of Series C Healthtech companies in 2025–2027 (19 peers) — value vs value, same stage and era.
Active
  • Last raise 15 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Lungpacer Medical, Inc. is one of 2138 Healthtech companies tracked from EXTON. By capital raised it ranks among the largest (ahead of 96% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
2
Investors (latest)
2025-03-18
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$500M$1.0B$1.5B$2.0BSeries B · 2017-05-24 Raised $20M (real) Modeled valuation $486M (est)Series B2017Series C · 2019-04-30 Raised $56M (real) Modeled valuation $1.4B (est)Series C2019Series B · 2020-12-22 Raised $16M (real) Modeled valuation $340M (est)Series B2020Series B · 2020-12-22 Raised $16M (real) Modeled valuation $340M (est)Series B2020Series C · 2020-12-22 Raised $16M (real) Modeled valuation $359M (est)Series C2020Series C · 2022-04-06 Raised $20M (real) Modeled valuation $315M (est)Series C2022Series C · 2025-03-18 Raised $10M (real) Modeled valuation $70M (est)Series C2025+$56M+$16M+$16M+$16M+$20M+$10MCumulative $153M

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
Series B$19.6M · 2017
Series C$55.8M · 2019
Bridge · Series C-stage$16.0M · 2020smaller follow-on
Bridge · Series C-stage$16.0M · 2020smaller follow-on
Series C extension$16.0M · 2020
Series C extension$20.0M · 2022
Series C extension$10.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$69.8M
Base estimate est.
$36.3M
Conservative case
$96.1M
Upside case
$66.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Series B · modeled $486.4M · 2017-05-242017Series C · modeled $1.4B · 2019-04-30Series B · modeled $340.0M · 2020-12-22Series B · modeled $340.0M · 2020-12-22Series C · modeled $359.0M · 2020-12-22Series C · modeled $314.7M · 2022-04-06Series C · modeled $69.8M · 2025-03-182025
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
73%
Survival probability
55% low · 85% high
1.32×/yr
Annual markup
1.51×/yr upside case
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$15.5M/yr
Capital velocity
9.1 yr
On record since
2017
First round
7
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) 27× above median
This company$121.4M
Sector median$4.5M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.2× of median
This company$10.0M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 2.1× above median
This company$69.8M
Sector median$33.8M

Raised more than 96% of sector peers (real $). Modeled value above 69% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #17 of 19.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Thyme Care, Inc. · Series C Raised $214.3M · modeled $668.4M (est)Cohere Health Inc. · Series C Raised $166.1M · modeled $604.6M (est)All Inspire Health, Inc. · Series C Raised $137.4M · modeled $550.2M (est)Harbor Health Team Inc. · Series C Raised $189.1M · modeled $516.6M (est)Apreo Health, Inc. · Series C Raised $81.8M · modeled $513.3M (est)4C Medical Technologies, Inc. · Series C Raised $145.5M · modeled $383.2M (est)Sprinter Health, Inc. · Series C Raised $55.0M · modeled $378.8M (est)Diana Health, Inc. · Series C Raised $66.0M · modeled $345.2M (est)Equip Health, Inc. · Series C Raised $163.8M · modeled $343.5M (est)Ascend Wellness Holdings, Inc. · Series C Raised $219.1M · modeled $330.8M (est)XO Health Inc. · Series C Raised $52.2M · modeled $323.7M (est)Health Catalyst, Inc. · Series C Raised $414.2M · modeled $323.6M (est)Lungpacer Medical, Inc. (this company) Raised $121.4M · modeled $69.8M (est)Lungpacer Medical, Inc.
CompanyStageRaised · realValue · estvs peer med.
Thyme Care, Inc.Series C$214.3M$668.4M2.02×
Cohere Health Inc.Series C$166.1M$604.6M1.83×
All Inspire Health, Inc.Series C$137.4M$550.2M1.66×
Harbor Health Team Inc.Series C$189.1M$516.6M1.56×
Apreo Health, Inc.Series C$81.8M$513.3M1.55×
4C Medical Technologies, Inc.Series C$145.5M$383.2M1.16×
Sprinter Health, Inc.Series C$55.0M$378.8M1.14×
Diana Health, Inc.Series C$66.0M$345.2M1.04×
Equip Health, Inc.Series C$163.8M$343.5M1.04×
Ascend Wellness Holdings, Inc.Series C$219.1M$330.8M1.00×
XO Health Inc.Series C$52.2M$323.7M0.98×
Health Catalyst, Inc.Series C$414.2M$323.6M0.98×
Lungpacer Medical, Inc. this companySeries C$121.4M$69.8M0.21×
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.
Series B$19.6M2017-05-24$109.0M$486.4M90%
Series C$55.8M2019-04-30$371.7M$1.4B90%
Series B$16.0M2020-12-22$88.9M$340.0M90%
Series B$16.0M2020-12-22$88.9M$340.0M90%
Series C$16.0M2020-12-22$106.7M$359.0M90%
Series C$20.0M2022-04-06$133.3M$314.7M90%
Series C$10.0M2025-03-18$66.7M$69.8M90%
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. Series B$19.6M2017-05-24
    • First recorded raise — entered as Series B.
    • 15 investors on this round.
  2. Series C$55.8M2019-04-30
    • Raised again after 23 mo — slower than the ~14 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 8 investors on this round.
  3. Series B$16.0M2020-12-22
    • Raised 20 mo later, in step with the ~14 mo sector norm.
    • Round 3.5× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  4. Series B$16.0M2020-12-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  5. Series C$16.0M2020-12-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  6. Series C$20.0M2022-04-06
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
  7. Series C$10.0M2025-03-18
    • Raised again after 35 mo — slower than the ~14 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~16mo cadence
$10.0M
Modeled next size est.range $10.0M$16.0M
0.5×
Last step-up
$15.5M/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
Douglas Evans2 other2017-05
Douglas G. Evans1 other2020-12
Jose Calle Gordo1 other2020-12
Josh G. Makower1 other2020-12
Josh W. Makower1 other2019-04
Shannon Kaustinen1 other2017-05
Bob Calle Donohue2020-12
Bob W. Donohue2025-03
Chris Calle Kiple2022-04
Christopher Calle Kiple2020-12
Christopher W. Kiple2025-03
Guillaume L. Darnand2017-05
Guillaume W. Darnand2019-04
Jan W. Pensaert2025-03
Jonathan Calle Conlin2020-12
Jonathan W. Conlin2019-04
Joseph G. Kaufmann2020-12
Joseph W. Kaufmann2019-04
Karen Calle Long2020-12
Lesley Calle Fronio2022-04
Michael L. Favet2017-05
Michael W. Favet2019-04
Nawzer Calle Mehta2020-12
Rosemarie Calle Dhavale2020-12
Registry & provenance

Lungpacer Medical, 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
1708893
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
Intact Vascular, Inc.Other Health CareSeries B$86.8M$299.1Mnetwork2 shared operators
Xtant Medical Holdings, Inc.HealthtechSeries C$170.2M$41.2Msame sector · same stage
Valera Health, Inc.HealthtechSeries C$73.8M$87.7Msame sector · same stage
Janus Health Technologies, Inc.HealthtechSeries C$64.0M$79.6Msame sector · same stage
Vesper Medical, Inc.HealthtechSeries B$22.5M$174.6Mnetwork1 shared operator · same sector
Presidio Health, Inc.HealthtechSeed$1.4M$2.3Mnetwork1 shared operator · same sector
Bardavon Health Innovations, Inc.HealthtechSeries D+$156.8M$56.8Msame sector
Neptune Wellness Solutions Inc.HealthtechSeries B$93.7M$46.2Msame sector
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
Pyx Health, Inc.HealthtechSeries A$207.2M82%
Headspace, Inc.Other Health CareSeries B$860.6M81%
Hybernia Medical, LLCHealthtechSeries A$147.8M81%
Cecelia Health, Inc.HealthtechSeed$71.1M81%
Health Clinic Ventures LLCHealthtechPre-Seed$21.5M81%
Clinicient, IncHealthtechSeries B$427.6M81%
Refactor Health, Inc.HealthtechPre-Seed$5.6M81%
Vibetech Enterprises, LLCOther Health CarePre-Seed$4.4M81%
Frequently asked
How much funding has Lungpacer Medical, Inc. raised?
Lungpacer Medical, Inc. has raised approximately $121.4M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Lungpacer Medical, Inc.'s estimated valuation?
Provath's modeled valuation for Lungpacer Medical, Inc. is approximately $69.8M (modeled range $36.3M–$96.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Lungpacer Medical, Inc. at?
Lungpacer Medical, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Tue Mar 18.
What does Lungpacer Medical, Inc. do and where is it based?
Lungpacer Medical, Inc. operates in the Healthtech sector, based in EXTON.
Explore related

See where Lungpacer Medical, 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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