Companies · Other Health Care

NM-ASWC Holdings, LLC

ARLINGTON · Other Health Care

Diligence memoA one-page analyst read on NM-ASWC Holdings, LLC — recommendation, valuation, rhythm, risks.
$37.0M
Total raised · real
2
Rounds
1.3×
Latest step-up
Top 11%
Sector rank · raised
Series B
Latest stage · inferred · Fri Jul 01 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

NM-ASWC Holdings, LLC looks over-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the health care sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.68× the median modeled value of Series B Other Health Care companies in 2022–2024 (91 peers) — value vs value, same stage and era.
At-risk
  • Last raise 4.0 yr ago; this sector typically re-raises about every 14 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

NM-ASWC Holdings, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
4.5 yr record
Peak capital year was 2022 with $21.2M across 1 filings.
Market position
ahead of 90% of Other Health Care peers
Capital scale is ahead of 90% of Other Health Care peers; modeled value is above 90% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2022: $21.2M across 1 filings.
  • Largest single filing was $21.2M on 2022-07-01.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
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 Other Health Care

NM-ASWC Holdings, LLC is one of 5376 Other Health Care companies tracked from ARLINGTON. By capital raised it ranks among the largest (ahead of 90% of sector peers), and among the largest 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
7
Investors (latest)
2021
Year incorporated
2022-07-01
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$125M$250M$375M$500MSeries B · 2021-12-29 Raised $16M (real) Modeled valuation $221M (est)$16M$221MSeries B2021Series B · 2022-07-01 Raised $21M (real) Modeled valuation $255M (est)$21M$255MSeries B2022+$21MCumulative $37M

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
Series B$15.8M · 2021
Series B extension$21.2M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$255.4M
Base estimate est.
$49.9M
Conservative case
$670.4M
Upside case
$117.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Series B · modeled $221.0M · 2021-12-292021Series B · modeled $255.4M · 2022-07-012022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.36×/yr
Annual markup
1.64×/yr upside case
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$73.4M/yr
Capital velocity
4.5 yr
On record since
2021
First round
2
Rounds on file
How it compares to the market

Benchmarked against 5376 companies in Other Health Care. 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) 15× above median
This company$37.0M
Sector median$2.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.2× above median
This company$21.2M
Sector median$17.8M
Modeled value — vs sector median (estimate, all stages) 12× above median
This company$255.4M
Sector median$22.1M

Raised more than 90% of sector peers (real $). Modeled value above 90% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #21 of 91.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Code Biotherapeutics, Inc. · Series B Raised $47.5M · modeled $465.5M (est)Candesant Biomedical, Inc. · Series B Raised $44.5M · modeled $455.0M (est)Artis Holdings, LLC · Series B Raised $40.0M · modeled $383.2M (est)GIO Blood Ltd · Series B Raised $27.3M · modeled $375.2M (est)Clarapath, Inc. · Series B Raised $40.2M · modeled $348.1M (est)Diality Inc · Series B Raised $42.9M · modeled $337.4M (est)VA Pro 7 SNF Operations Holdings LLC · Series B Raised $32.0M · modeled $333.0M (est)VivoSense, Inc. · Series B Raised $27.0M · modeled $332.3M (est)Tidal Wave GPO, LLC · Series B Raised $34.8M · modeled $324.3M (est)Peachy Corp. · Series B Raised $25.1M · modeled $309.6M (est)Smile Source Holdings, L.P. · Series B Raised $32.2M · modeled $308.7M (est)ASC San Rafael LLC · Series B Raised $28.3M · modeled $294.9M (est)NM-ASWC Holdings, LLC (this company) Raised $37.0M · modeled $255.4M (est)NM-ASWC Holdings, LLC
CompanyStageRaised · realValue · estvs peer med.
Code Biotherapeutics, Inc.Series B$47.5M$465.5M3.06×
Candesant Biomedical, Inc.Series B$44.5M$455.0M2.99×
Artis Holdings, LLCSeries B$40.0M$383.2M2.52×
GIO Blood LtdSeries B$27.3M$375.2M2.47×
Clarapath, Inc.Series B$40.2M$348.1M2.29×
Diality IncSeries B$42.9M$337.4M2.22×
VA Pro 7 SNF Operations Holdings LLCSeries B$32.0M$333.0M2.19×
VivoSense, Inc.Series B$27.0M$332.3M2.19×
Tidal Wave GPO, LLCSeries B$34.8M$324.3M2.13×
Peachy Corp.Series B$25.1M$309.6M2.04×
Smile Source Holdings, L.P.Series B$32.2M$308.7M2.03×
ASC San Rafael LLCSeries B$28.3M$294.9M1.94×
NM-ASWC Holdings, LLC this companySeries B$37.0M$255.4M1.68×
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.
Series B$15.8M2021-12-29$87.5M$221.0M90%
Series B$21.2M2022-07-01$117.9M$255.4M90%
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. Series B$15.8M2021-12-29
    • First recorded raise — entered as Series B.
    • 6 investors on this round.
  2. Series B$21.2M2022-07-01
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • 7 investors on this round.
Intelligence
2023 ~Q1
Modeled next raise · ~6mo cadence
$28.6M
Modeled next size est.range $21.2M$45.8M
1.3×
Last step-up
$73.4M/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
Bijan Salehizadeh4 other2021-12
Bennett Mears2021-12
Lane Bowen2021-12
Robert Marriott2021-12
Ryan Ross2021-12
Scott Patterson2022-07
Tom Dixon2021-12
Wayne Geoff2021-12
Wayne Geoffrey2022-07
Registry & provenance

NM-ASWC Holdings, LLC 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
1903795
SEC CIK
2021
Incorporated
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
NoHo APC Inc.Other Health CareSeries B$37.0M$265.5Msame sector · same stage
Nuelle, Inc.Other Health CareSeries B$36.6M$156.2Msame sector · same stage
Imagine Pediatrics Holdings LLCOther Health CareSeries B$37.6M$201.0Msame sector · same stage
BrainScope Company, Inc.Other Health CareSeries B$37.8M$363.0Msame sector · same stage
Theator Inc.Other Health CareSeries B$38.2M$291.7Msame sector · same stage
Getlabs, Inc.Other Health CareSeries B$35.7M$161.7Msame sector · same stage
TherOx, Inc.Other Health CareSeries B$38.4M$332.3Msame sector · same stage
Urotronic, Inc.Other Health CareSeries B$38.5M$253.7Msame 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
ASC San Rafael LLCOther Health CareSeries B$294.9M87%
Gbo Nnhs Asc Jv, LlcOther Health CarePre-Seed$5.4M85%
Greater New Haven ASC, LLCOther Health CarePre-Seed$590K85%
Pacific ASC, LLCOther Health CarePre-Seed$4.3M84%
Navierre Holdings, LLCOther Health CareSeed$923K84%
ENTPSA ASC HoldCo, LLCOther Health CarePre-Seed$3.9M84%
Bloomfield ASC, LLCOther Health CareSeed$6.9M83%
NorCal Holding Company, Inc.Other Health CareSeries A$100.9M83%
Frequently asked
How much funding has NM-ASWC Holdings, LLC raised?
NM-ASWC Holdings, LLC has raised approximately $37.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is NM-ASWC Holdings, LLC's estimated valuation?
Provath's modeled valuation for NM-ASWC Holdings, LLC is approximately $255.4M (modeled range $49.9M–$670.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is NM-ASWC Holdings, LLC at?
NM-ASWC Holdings, LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Jul 01.
What does NM-ASWC Holdings, LLC do and where is it based?
NM-ASWC Holdings, LLC operates in the Other Health Care sector, based in ARLINGTON.
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