Diligence memo · auto-generated · as of July 3, 2026
Modular Medical, Inc.
Modular Medical, Inc. looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
Modular Medical, Inc. operates in Healthtech, based in SAN DIEGO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Modular Medical, Inc. has raised $17M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $12M on 2025-03-20.
Most recent recorded round closed around 2025-03-20.
Valuation (modeled)modeled
Provath models Modular Medical, Inc. at approximately $46M (range $15M–$84M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.38× the median modeled value of Series A Healthtech companies in 2025–2027 (99 peers) — value vs value, same stage and era. Issuer reports no revenue, yet is modeled well above niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 38 months.
Last raise 15 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 10.9× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 78% of Healthtech peers (2138 compared).
Modeled value ranks above 61% of those peers.
Closest niche peers: Queen Dental USA Inc, Healthplan Data Solutions, Inc., Chronic Care Management, Inc., Mountain Health Technologies, Inc., Healthcare Triangle, Inc..
Peoplefiled
12 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.