Companies · Other Health Care

MetaCan, Inc.

SEBASTOPOL · Other Health Care

Diligence memoA one-page analyst read on MetaCan, Inc. — recommendation, valuation, rhythm, risks.
$13.6M
Total raised · real
5
Rounds
2.5×
Latest step-up
Top 22%
Sector rank · raised
Series A
Latest stage · inferred · Tue Aug 13 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

MetaCan, 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 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 0.06× the median modeled value of Series A Other Health Care companies in 2019–2021 (164 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.9 yr ago; this sector typically re-raises about every 14 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 Other Health Care

MetaCan, Inc. is one of 5377 Other Health Care companies tracked from SEBASTOPOL. By capital raised it ranks in the upper tier (ahead of 79% 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
4
Investors (latest)
2015
Year incorporated
2019-08-13
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 · 2016-03-31 Raised $1.2M (real) Modeled valuation $30M (est)Seed2016Seed · 2017-02-28 Raised $1.0M (real) Modeled valuation $25M (est)Seed2017Seed · 2018-03-21 Raised $2.2M (real) Modeled valuation $55M (est)Seed2018Seed · 2018-03-21 Raised $3.0M (real) Modeled valuation $75M (est)Seed2018Series A · 2018-03-21 Raised $5.0M (real) Modeled valuation $102M (est)Series A2018Series A · 2019-05-29 Raised $6.0M (real) Modeled valuation $121M (est)Series A2019Series A · 2019-08-12 Raised $116K (real) Modeled valuation $2.3M (est)Series A2019Series A · 2019-08-13 Raised $290K (real) Modeled valuation $5.9M (est)Series A2019+$1.0M+$2.2M+$3.0M+$5.0M+$6.0M+$116K+$290KCumulative $19M

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$1.2M · 2016
Seed extension$1.0M · 2017
Seed extension$2.2M · 2018
Seed extension$3.0M · 2018
Series A$5.0M · 2018
Series A extension$6.0M · 2019
Series A extension$116K · 2019
Series A extension$290K · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$5.9M
Base estimate est.
$372K
Conservative case
$31.8M
Upside case
$1.3M
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 health care sector profile. Directional, not a quoted figure.

Seed · modeled $29.6M · 2016-03-312016Seed · modeled $25.3M · 2017-02-28Seed · modeled $54.6M · 2018-03-21Seed · modeled $75.4M · 2018-03-21Series A · modeled $101.9M · 2018-03-21Series A · modeled $121.1M · 2019-05-29Series A · modeled $2.3M · 2019-08-12Series A · modeled $5.9M · 2019-08-132019
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.43×/yr
Annual markup
1.80×/yr upside case
6.0 yr
Elapsed time used
6.9 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$4.0M/yr
Capital velocity
10.3 yr
On record since
2016
First round
8
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) 5.6× above median
This company$13.6M
Sector median$2.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$290K
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$5.9M
Sector median$22.1M

Raised more than 79% of sector peers (real $). Modeled value above 24% 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 #159 of 164.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)InvestCo Tabletop, LLC · Series A Raised $15.0M · modeled $302.7M (est)Mediphore, Inc. · Series A Raised $15.0M · modeled $302.7M (est)iVinci Partners, LLC · Series A Raised $34.8M · modeled $302.7M (est)Oklahoma Proton Center LLC · Series A Raised $14.0M · modeled $282.5M (est)MicroOptx, Inc. · Series A Raised $17.8M · modeled $278.6M (est)ProxsysRx, Inc. · Series A Raised $14.6M · modeled $260.0M (est)Biolux Research Holdings, Inc. · Series A Raised $12.7M · modeled $256.3M (est)Fountain Life Holdings, LLC · Series A Raised $17.1M · modeled $238.6M (est)Equality Management Holdings, LLC · Series A Raised $14.4M · modeled $232.3M (est)Olympus Ascent Investors, LLC · Series A Raised $11.5M · modeled $232.0M (est)EDS Holdco LLC · Series A Raised $12.3M · modeled $221.5M (est)Zipari, Inc. · Series A Raised $29.6M · modeled $208.3M (est)MetaCan, Inc. (this company) Raised $13.6M · modeled $5.9M (est)MetaCan, Inc.
CompanyStageRaised · realValue · estvs peer med.
InvestCo Tabletop, LLCSeries A$15.0M$302.7M3.00×
Mediphore, Inc.Series A$15.0M$302.7M3.00×
iVinci Partners, LLCSeries A$34.8M$302.7M3.00×
Oklahoma Proton Center LLCSeries A$14.0M$282.5M2.80×
MicroOptx, Inc.Series A$17.8M$278.6M2.76×
ProxsysRx, Inc.Series A$14.6M$260.0M2.58×
Biolux Research Holdings, Inc.Series A$12.7M$256.3M2.54×
Fountain Life Holdings, LLCSeries A$17.1M$238.6M2.36×
Equality Management Holdings, LLCSeries A$14.4M$232.3M2.30×
Olympus Ascent Investors, LLCSeries A$11.5M$232.0M2.30×
EDS Holdco LLCSeries A$12.3M$221.5M2.20×
Zipari, Inc.Series A$29.6M$208.3M2.06×
MetaCan, Inc. this companySeries A$13.6M$5.9M0.06×
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$1.2M2016-03-31$6.0M$29.6M85%
Seed$1.0M2017-02-28$5.1M$25.3M90%
Seed$2.2M2018-03-21$11.0M$54.6M90%
Seed$3.0M2018-03-21$15.2M$75.4M90%
Series A$5.0M2018-03-21$22.9M$101.9M90%
Series A$6.0M2019-05-29$27.3M$121.1M90%
Series A$116K2019-08-12$527K$2.3M90%
Series A$290K2019-08-13$1.3M$5.9M90%
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$1.2M2016-03-31
    • First recorded raise — entered as Seed.
    • 13 investors on this round.
  2. Seed$1.0M2017-02-28
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  3. Seed$2.2M2018-03-21
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 10 investors on this round.
  4. Seed$3.0M2018-03-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 21 investors on this round.
  5. Series A$5.0M2018-03-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× larger than the prior — scaling up.
    • 46 investors on this round.
  6. Series A$6.0M2019-05-29
    • Raised 14 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 14 investors on this round.
  7. Series A$116K2019-08-12
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 51.7× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  8. Series A$290K2019-08-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.5× larger than the prior — scaling up.
    • 4 investors on this round.
Intelligence
2020 ~Q1
Modeled next raise · ~6mo cadence
$725K
Modeled next size est.range $471K$1.2M
2.5×
Last step-up
$4.0M/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
G. Scott Greenburg34 other2016-03
Andrew Oliver3 other2016-03
Jason Mitchell3 other2017-02
Ian deQueiroz2 other2018-03
Nick Grafton2 other2019-08
Merrick Adlinger1 other2017-02
Craig Fortin2016-03
Dave Scott Doherty2019-08
Ian deQuerioz2016-03
Jason Scott Mitchell2016-03
Merrick Scott Andlinger2018-03
Registry & provenance

MetaCan, 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
1672324
SEC CIK
2015
Incorporated
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
Hempfusion Wellness Inc.HealthtechSeed$2.6M$1.5Mnetwork4 shared operators
JourneyPure Holdings, Inc.Other Health CareSeries A$13.6M$5.4Msame sector · same stage
VidaCare CorpOther Health CareSeries A$13.2M$5.5Msame sector · same stage
Biomimedica IncOther Health CareSeries A$14.9M$5.0Msame sector · same stage
Lincor, Inc.Other Health CareSeries A$11.7M$6.1Msame sector · same stage
Medocity, Inc.Other Health CareSeries A$16.1M$4.7Msame sector · same stage
Circular Systems S.P.C.ManufacturingSeries A$14.0M$10.5Mnetwork1 shared operator · same stage
MatchaBar, Inc.RestaurantsSeries A$14.0M$2.1Mnetwork1 shared operator · 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
MetaModix, Inc.Other Health CareSeed$4.2M89%
Optiscan Biomedical CorpOther Health CareSeries B$443.1M86%
Metabolon, IncOther Health CareSeries B$42.1M86%
Meta Care, Inc.HealthtechSeries A$67.6M86%
Metacare, Inc.OtherSeed$6.7M85%
Aptus Inc.Other Health CareSeed$38.8M85%
MedRx Global, Inc.Other Health CarePre-Seed$27.7M84%
TransCanna Holdings Inc.Other Health CarePre-Seed$13.3M84%
Frequently asked
How much funding has MetaCan, Inc. raised?
MetaCan, Inc. has raised approximately $13.6M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is MetaCan, Inc.'s estimated valuation?
Provath's modeled valuation for MetaCan, Inc. is approximately $5.9M (modeled range $372K–$31.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is MetaCan, Inc. at?
MetaCan, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Aug 13.
What does MetaCan, Inc. do and where is it based?
MetaCan, Inc. operates in the Other Health Care sector, based in SEBASTOPOL.
Explore related

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