Diligence memo · auto-generated · as of July 2, 2026
Neochord Inc
Neochord Inc looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Neochord Inc operates in Manufacturing, based in Maple Grove.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Neochord Inc has raised $78M in disclosed capital across 16 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $33M on 2018-10-31.
Most recent recorded round closed around 2025-02-27.
Valuation (modeled)modeled
Provath models Neochord Inc at approximately $2.4M (range $1.3M–$3.8M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.03× the median modeled value of Series B Manufacturing companies in 2025–2027 (16 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 16 mo ago; this sector typically re-raises about every 12 months.
Slightly overdue versus sector cadence.
The last round was 1.9× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 95% of Manufacturing peers (3257 compared).
Modeled value ranks above 17% of those peers.
Closest niche peers: Lexington Medical, Inc., Lumber Manufactory Inc., PulseForge, Inc., MOLG Inc., Elect Nano, LLC.
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.