Diligence memo · auto-generated · as of July 3, 2026
NexGen Medical Systems Inc
NexGen Medical Systems Inc looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
NexGen Medical Systems Inc operates in Healthtech, based in Wayzata.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
NexGen Medical Systems Inc has raised $3.5M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.5M on 2017-05-17.
Most recent recorded round closed around 2018-06-25.
Valuation (modeled)modeled
Provath models NexGen Medical Systems Inc at approximately $13M (range $409K–$105M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.24× the median modeled value of Seed Healthtech companies in 2016–2018 (148 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 22 months.
Last raise 8.0 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round was 3.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 49% of Healthtech peers (2138 compared).
Modeled value ranks above 37% of those peers.
Closest niche peers: Carie Health, LLC, Prepared Health, Inc., Hancock Medical, Inc., PGCS PC Tapestry Tallahassee Assisted Living & Memory Care LP, Bedford Population Health, LLC.
Peoplefiled
18 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.