Companies · Medical Devices

Medite Cancer Diagnostics, Inc.

Orlando · Medical Devices · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Medite Cancer Diagnostics, Inc. — recommendation, valuation, rhythm, risks.
$12.4M
Total raised · real
10
Rounds
1.0×
Latest step-up
Top 19%
Sector rank · raised
Series A
Latest stage · inferred · Thu Oct 11 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Medite Cancer Diagnostics, Inc. 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 medical devices 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 0.17× the median modeled value of Series A Medical Devices companies in 2016–2018 (5 peers) — value vs value, same stage and era.
  • Issuer reports $5M–$25M revenue while modeled below niche peers.
Dormant
  • Last raise 7.7 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

Medite Cancer Diagnostics, Inc. is one of 233 Medical Devices companies tracked from Orlando. By capital raised it ranks in the upper tier (ahead of 82% 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.

medical-devices

As reported in public records reported — not modeled.

US
Jurisdiction
$5M–$25M
Issuer revenue
Rule 506(b)
Reg D exemption
3
Investors (latest)
2018-10-11
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$50M$100M$150M$200MSeed · 2014-04-03 Raised $1.5M (real) Modeled valuation $45M (est)Seed2014Seed · 2015-12-31 Raised $500K (real) Modeled valuation $15M (est)Seed2015Seed · 2016-05-25 Raised $150K (real) Modeled valuation $4.4M (est)Seed2016Seed · 2016-10-04 Raised $412K (real) Modeled valuation $12M (est)Seed2016Pre-Seed · 2016-10-18 Raised $400K (real) Modeled valuation $15M (est)Pre-Seed2016Seed · 2016-10-18 Raised $400K (real) Modeled valuation $12M (est)Seed2016Seed · 2016-12-29 Raised $555K (real) Modeled valuation $16M (est)Seed2016Series A · 2017-09-26 Raised $5.9M (real) Modeled valuation $143M (est)Series A2017Series A · 2018-02-06 Raised $1.2M (real) Modeled valuation $29M (est)Series A2018Series A · 2018-06-28 Raised $850K (real) Modeled valuation $21M (est)Series A2018Series A · 2018-10-11 Raised $870K (real) Modeled valuation $21M (est)Series A2018Cumulative $13M

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
Seed$1.5M · 2014
Seed extension$500K · 2015
Seed extension$150K · 2016
Seed extension$412K · 2016
Bridge · Seed-stage$400K · 2016smaller follow-on
Seed extension$400K · 2016
Seed extension$555K · 2016
Series A$5.9M · 2017
Series A extension$1.2M · 2018
Series A extension$850K · 2018
Series A extension$870K · 2018

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

Modeled valuation trajectory
$21.0M
Base estimate est.
$1.1M
Conservative case
$114.1M
Upside case
$4.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the medical devices sector profile. Directional, not a quoted figure.

Seed · modeled $45.3M · 2014-04-032014Seed · modeled $14.8M · 2015-12-31Seed · modeled $4.4M · 2016-05-25Seed · modeled $12.2M · 2016-10-04Pre-Seed · modeled $14.7M · 2016-10-18Seed · modeled $11.9M · 2016-10-18Seed · modeled $16.4M · 2016-12-29Series A · modeled $143.1M · 2017-09-26Series A · modeled $28.7M · 2018-02-06Series A · modeled $20.5M · 2018-06-28Series A · modeled $21.0M · 2018-10-112018
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
50%
Survival probability
27% low · 68% high
1.49×/yr
Annual markup
1.87×/yr upside case
6.0 yr
Elapsed time used
7.7 yr actual, capped for stale marks
medical devices
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$2.7M/yr
Capital velocity
12.2 yr
On record since
2014
First round
11
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) 4.8× above median
This company$12.4M
Sector median$2.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$870K
Sector median$4.6M
Modeled value — vs sector median (estimate, all stages) 1.4× above median
This company$21.0M
Sector median$15.4M

Raised more than 82% of sector peers (real $). Modeled value above 61% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #5 of 5.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Fulcrum Implant Systems, Inc. · Series A Raised $10.5M · modeled $253.4M (est)SafeOp Surgical, Inc. · Series A Raised $10.9M · modeled $136.4M (est)Acera Surgical, Inc. · Series A Raised $6.2M · modeled $123.6M (est)Reliant Immune Diagnostics, LLC · Series A Raised $4.1M · modeled $97.8M (est)Medite Cancer Diagnostics, Inc. (this company) Raised $12.4M · modeled $21.0M (est)Medite Cancer Diagnostics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Fulcrum Implant Systems, Inc.Series A$10.5M$253.4M2.05×
SafeOp Surgical, Inc.Series A$10.9M$136.4M1.10×
Acera Surgical, Inc.Series A$6.2M$123.6M1.00×
Reliant Immune Diagnostics, LLCSeries A$4.1M$97.8M0.79×
Medite Cancer Diagnostics, Inc. this companySeries A$12.4M$21.0M0.17×
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.
Seed$1.5M2014-04-03$7.6M$45.3M85%
Seed$500K2015-12-31$2.5M$14.8M85%
Seed$150K2016-05-25$750K$4.4M85%
Seed$412K2016-10-04$2.1M$12.2M90%
Pre-Seed$400K2016-10-18$2.2M$14.7M90%
Seed$400K2016-10-18$2.0M$11.9M90%
Seed$555K2016-12-29$2.8M$16.4M90%
Series A$5.9M2017-09-26$27.0M$143.1M90%
Series A$1.2M2018-02-06$5.4M$28.7M90%
Series A$850K2018-06-28$3.9M$20.5M90%
Series A$870K2018-10-11$4.0M$21.0M90%
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. Seed$1.5M2014-04-03
    • First recorded raise — entered as Seed.
    • 20 investors on this round.
  2. Seed$500K2015-12-31
    • Raised 21 mo later, in step with the ~16 mo sector norm.
    • Round 3.1× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  3. Seed$150K2016-05-25
    • Came back fast: 5 mo vs the ~16 mo sector norm.
    • Round 3.3× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  4. Seed$412K2016-10-04
    • Came back fast: 4 mo vs the ~16 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 5 investors on this round.
  5. Pre-Seed$400K2016-10-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  6. Seed$400K2016-10-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  7. Seed$555K2016-12-29
    • Came back fast: 2 mo vs the ~16 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 8 investors on this round.
  8. Series A$5.9M2017-09-26
    • Came back fast: 9 mo vs the ~16 mo sector norm.
    • Round 10.7× larger than the prior — scaling up.
    • Revenue band moved $1M–$5M → $5M–$25M.
    • 6 investors on this round.
  9. Series A$1.2M2018-02-06
    • Came back fast: 4 mo vs the ~16 mo sector norm.
    • Round 5.0× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  10. Series A$850K2018-06-28
    • Came back fast: 5 mo vs the ~16 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  11. Series A$870K2018-10-11
    • Came back fast: 3 mo vs the ~16 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
Intelligence
2019 ~Q1
Modeled next raise · ~5mo cadence
$890K
Modeled next size est.range $870K$1.4M
1.0×
Last step-up
$2.7M/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
John Abeles3 other2014-04
Michael Ott2 other2014-04
Gary Pickett1 other2018-10
Robert McCullough1 other2014-04
Alexander F. Milley2014-04
Augusto Eugene Ocana2016-10
Augusto F. Ocana2014-04
David Eugene Patterson2016-10
Eric Eugene Goehausen2016-12
Gregory Austin Fortunoff2018-10
Gregory Eugene Fortunoff2018-02
Joel Austin Kanter2018-10
Joel Eugene Kanter2018-02
John Austin Abeles, MD2018-10
John Eugene Abeles, MD2016-10
Mauro F. Scimia2014-04
Michaela Eugene Ott2016-10
Michaela Ott2014-04
Michael Eugene Ott2016-10
Robert Francis McCullough2016-10
Stephen Eugene Von Rump2018-02
Stephen Lawrence Von Rump2018-06
Stephen Von Rump2018-10
William Austin Lewis IV2016-10
Registry & provenance

Medite Cancer Diagnostics, 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
75439
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
Surgical Center of Greensboro, LLCMedical DevicesSeries A$12.4M$2.9Msame sector · same stage
Emerge Diagnostics, IncMedical DevicesSeries A$12.0M$688Ksame sector · same stage
Nanomedical Diagnostics, Inc.Medical DevicesSeries A$12.0M$38.0Msame sector · same stage
Black Light Surgical, Inc.Medical DevicesSeries A$12.9M$6.9Msame sector · same stage
Tally Surgical, Inc.Medical DevicesSeries A$11.6M$38.8Msame sector · same stage
Bayou Surgical, Inc.Medical DevicesSeries A$13.2M$14.8Msame sector · same stage
Minute Molecular Diagnostics, Inc.Medical DevicesSeries A$11.3M$35.0Msame sector · same stage
Moichor IncMedical DevicesSeries A$11.3M$57.7Msame 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
EarliTec Diagnostics, Inc.Medical DevicesSeries B$159.8M87%
Specific Diagnostics, Inc.Medical DevicesSeries B$463.6M86%
Hera Diagnostics CorpMedical DevicesPre-Seed$9.3M86%
MBio Diagnostics, Inc.Medical DevicesSeries A$77.4M85%
Digital Diagnostics Inc.Medical DevicesSeries C$1.2B85%
Juno Diagnostics, Inc.Medical DevicesSeries A$107.9M85%
Magnolia Diagnostics, LLCMedical DevicesPre-Seed$34.5M84%
Celsee Diagnostics, Inc.Medical DevicesSeries B$135.3M84%
Frequently asked
How much funding has Medite Cancer Diagnostics, Inc. raised?
Medite Cancer Diagnostics, Inc. has raised approximately $12.4M in disclosed capital across 10 recorded financing rounds, aggregated from public filings.
What is Medite Cancer Diagnostics, Inc.'s estimated valuation?
Provath's modeled valuation for Medite Cancer Diagnostics, Inc. is approximately $21.0M (modeled range $1.1M–$114.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Medite Cancer Diagnostics, Inc. at?
Medite Cancer Diagnostics, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Oct 11.
What does Medite Cancer Diagnostics, Inc. do and where is it based?
Medite Cancer Diagnostics, Inc. operates in the Medical Devices sector, based in Orlando.
Explore related

See where Medite Cancer Diagnostics, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Medite Cancer Diagnostics, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.