Companies · Healthtech

NexGen Medical Systems Inc

Wayzata · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on NexGen Medical Systems Inc — recommendation, valuation, rhythm, risks.
$3.5M
Total raised · real
5
Rounds
0.3×
Latest step-up
Top 52%
Sector rank · raised
Seed
Latest stage · inferred · Mon Jun 25 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

NexGen Medical Systems 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 healthtech 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 0.24× the median modeled value of Seed Healthtech companies in 2016–2018 (148 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.0 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 Healthtech

NexGen Medical Systems Inc is one of 2138 Healthtech companies tracked from Wayzata. By capital raised it ranks mid-pack (ahead of 49% 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
43
Investors (latest)
2018-06-25
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$13M$25M$38M$50MPre-Seed · 2010-12-27 Raised $690K (real) Modeled valuation $24M (est)$690K$24MPre-Seed2010Pre-Seed · 2011-07-29 Raised $350K (real) Modeled valuation $12M (est)$350K$12MPre-Seed2011Pre-Seed · 2012-06-29 Raised $500K (real) Modeled valuation $17M (est)$500K$17MPre-Seed2012Seed · 2017-05-17 Raised $1.5M (real) Modeled valuation $42M (est)$1.5M$42MSeed2017Seed · 2018-06-25 Raised $484K (real) Modeled valuation $13M (est)$484K$13MSeed2018+$350K+$500K+$1.5M+$484KCumulative $3.5M

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
Pre-Seed$690K · 2010
Pre-Seed extension$350K · 2011
Pre-Seed extension$500K · 2012
Seed$1.5M · 2017
Seed extension$484K · 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
$13.4M
Base estimate est.
$409K
Conservative case
$105.3M
Upside case
$2.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $23.8M · 2010-12-272010Pre-Seed · modeled $12.1M · 2011-07-29Pre-Seed · modeled $17.2M · 2012-06-29Seed · modeled $42.3M · 2017-05-17Seed · modeled $13.4M · 2018-06-252018
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.57×/yr
Annual markup
2.05×/yr upside case
6.0 yr
Elapsed time used
8.0 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$474K/yr
Capital velocity
15.5 yr
On record since
2010
First round
5
Rounds on file
How it compares to the market

Benchmarked against 2138 companies in Healthtech. 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) 0.8× of median
This company$3.5M
Sector median$4.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$484K
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$13.4M
Sector median$33.8M

Raised more than 49% of sector peers (real $). Modeled value above 37% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #143 of 148.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Carie Health, LLC · Seed Raised $4.0M · modeled $110.9M (est)Prepared Health, Inc. · Seed Raised $4.2M · modeled $110.9M (est)Hancock Medical, Inc. · Seed Raised $5.0M · modeled $109.4M (est)PGCS PC Tapestry Tallahassee Assisted Living & Memory Care LP · Seed Raised $3.9M · modeled $108.1M (est)Bedford Population Health, LLC · Seed Raised $3.9M · modeled $107.7M (est)True North Health Navigation LLC · Seed Raised $3.8M · modeled $104.3M (est)Fresenius Medical Care White Oak, LLC · Seed Raised $3.7M · modeled $103.1M (est)Fresenius Medical Care Secaucus, LLC · Seed Raised $3.7M · modeled $101.5M (est)AES Compassionate Care LLC · Seed Raised $3.5M · modeled $96.5M (est)Northwest Medical Isotopes, LLC · Seed Raised $5.0M · modeled $96.4M (est)Sopris Health, Inc. · Seed Raised $3.4M · modeled $95.4M (est)Fresenius Medical Care Perth Amboy, LLC · Seed Raised $3.4M · modeled $94.0M (est)NexGen Medical Systems Inc (this company) Raised $3.5M · modeled $13.4M (est)NexGen Medical Systems Inc
CompanyStageRaised · realValue · estvs peer med.
Carie Health, LLCSeed$4.0M$110.9M1.97×
Prepared Health, Inc.Seed$4.2M$110.9M1.97×
Hancock Medical, Inc.Seed$5.0M$109.4M1.94×
PGCS PC Tapestry Tallahassee Assisted Living & Memory Care LPSeed$3.9M$108.1M1.92×
Bedford Population Health, LLCSeed$3.9M$107.7M1.91×
True North Health Navigation LLCSeed$3.8M$104.3M1.85×
Fresenius Medical Care White Oak, LLCSeed$3.7M$103.1M1.83×
Fresenius Medical Care Secaucus, LLCSeed$3.7M$101.5M1.80×
AES Compassionate Care LLCSeed$3.5M$96.5M1.71×
Northwest Medical Isotopes, LLCSeed$5.0M$96.4M1.71×
Sopris Health, Inc.Seed$3.4M$95.4M1.70×
Fresenius Medical Care Perth Amboy, LLCSeed$3.4M$94.0M1.67×
NexGen Medical Systems Inc this companySeed$3.5M$13.4M0.24×
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.
Pre-Seed$690K2010-12-27$3.8M$23.8M85%
Pre-Seed$350K2011-07-29$1.9M$12.1M85%
Pre-Seed$500K2012-06-29$2.8M$17.2M85%
Seed$1.5M2017-05-17$7.6M$42.3M90%
Seed$484K2018-06-25$2.4M$13.4M90%
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. Pre-Seed$690K2010-12-27
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$350K2011-07-29
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Pre-Seed$500K2012-06-29
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 1 investor on this round.
  4. Seed$1.5M2017-05-17
    • Raised again after 59 mo — slower than the ~14 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 21 investors on this round.
  5. Seed$484K2018-06-25
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 43 investors on this round.
Intelligence
2020 ~Q2
Modeled next raise · ~22mo cadence
$484K
Modeled next size est.range $484K$774K
0.3×
Last step-up
$474K/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
Paul Buckman9 other2018-06
Rudy Mazzocchi5 other2010-12
Denis Harrington2 other2017-05
Joel Braunstein2 other2010-12
MARK STAUTBERG2 other2018-06
Matt Olson1 other2018-06
Patrick Howe1 other2017-05
Patrick Mullaney1 other2017-05
Cary Adams2010-12
Dino De Cicco2012-06
Jeff Havefeld2012-06
John Kucharcyzk2012-06
John Kucharczyk2010-12
Matthew Solar2010-12
Michael Fredrick2018-06
Mike Frederick2017-05
Paul Abrams2017-05
Richard Latchaw2010-12
Registry & provenance

NexGen Medical Systems 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
1440574
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
Provisio Medical Technologies CorpHealthtechSeed$3.6M$9.8Msame sector · same stage
Fresenius Medical Care Sunset, LLCHealthtechSeed$3.5M$11.6Msame sector · same stage
Crop Diagnostix, Inc.HealthtechSeed$3.5M$13.5Msame sector · same stage
Verve Medical, Inc.HealthtechSeed$3.6M$13.0Msame sector · same stage
10K Health, LLCHealthtechSeed$3.6M$8.1Msame sector · same stage
Aware Health Labs, Inc.HealthtechSeed$3.4M$15.9Msame sector · same stage
Resonant Link Medical, Inc.HealthtechSeed$3.4M$12.8Msame sector · same stage
Guardian Medical USA, Inc.HealthtechSeed$3.7M$7.3Msame 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
EAD NexGenix LLCOther Health CareSeed$12.6M88%
Neb Health IncHealthtechSeed$51.4M87%
Nema Health, Inc.HealthtechSeries A$64.0M87%
Rx.Health, Inc.HealthtechSeed$48.5M86%
NeuSpera Medical Inc.HealthtechSeries C$1.3B86%
binx health LtdHealthtechSeries D+$2.2B85%
Neurogami Medical, Inc.HealthtechSeries A$22.4M85%
NexHealth, Inc.Other TechnologySeries D+$2.8B84%
Frequently asked
How much funding has NexGen Medical Systems Inc raised?
NexGen Medical Systems Inc has raised approximately $3.5M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is NexGen Medical Systems Inc's estimated valuation?
Provath's modeled valuation for NexGen Medical Systems Inc is approximately $13.4M (modeled range $409K–$105.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is NexGen Medical Systems Inc at?
NexGen Medical Systems Inc's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Jun 25.
What does NexGen Medical Systems Inc do and where is it based?
NexGen Medical Systems Inc operates in the Healthtech sector, based in Wayzata.
Explore related

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

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