Diligence memo · auto-generated · as of July 2, 2026
Minerva Surgical Inc
Minerva Surgical Inc looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Minerva Surgical Inc operates in Medical Devices, based in Santa Clara.
Sub-sector tags: medical-devices.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Minerva Surgical Inc has raised $167M in disclosed capital across 13 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $26M on 2011-05-18.
Most recent recorded round closed around 2020-05-11.
Valuation (modeled)modeled
Provath models Minerva Surgical Inc at approximately $397M (range $34M–$1.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.97× the median modeled value of Series B Medical Devices companies in 2019–2021 (10 peers) — value vs value, same stage and era. Within the normal band (97% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 10 months.
Last raise 6.1 yr ago; this sector typically re-raises about every 16 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Medical Devices peers (233 compared).
Modeled value ranks above 96% of those peers.
Closest niche peers: Envision Diagnostics, Inc., Onkos Surgical, Inc., Regent Surgical Health Topco, L.P., Specific Diagnostics, Inc., Covenant Surgical Holdings L.P..
Peoplefiled
21 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.