Companies · Other Health Care

North Texas Renal Management, LLC

DALLAS · Other Health Care

Diligence memoA one-page analyst read on North Texas Renal Management, LLC — recommendation, valuation, rhythm, risks.
$8.5M
Total raised · real
5
Rounds
1.6×
Latest step-up
Top 28%
Sector rank · raised
Seed
Latest stage · inferred · Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

North Texas Renal Management, LLC looks under-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.

Under-valued
  • Modeled value is 0.55× the median modeled value of Seed Other Health Care companies in 2022–2024 (244 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.5 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

North Texas Renal Management, 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
12.3 yr record
Peak capital year was 2020 with $3.0M across 1 filings.
Market position
ahead of 73% of Other Health Care peers
Capital scale is ahead of 73% of Other Health Care peers; modeled value is above 27% 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 2020: $3.0M across 1 filings.
  • Largest single filing was $3.0M on 2020-12-31.
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.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

North Texas Renal Management, LLC is one of 5377 Other Health Care companies tracked from DALLAS. By capital raised it ranks in the upper tier (ahead of 73% 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
4
Investors (latest)
2023-12-31
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$25M$50M$75M$100MSeed · 2014-03-07 Raised $2.8M (real) Modeled valuation $69M (est)$2.8M$69MSeed2014Seed · 2020-12-31 Raised $3.0M (real) Modeled valuation $60M (est)$3.0M$60MSeed2020Seed · 2021-12-31 Raised $808K (real) Modeled valuation $11M (est)$808K$11MSeed2021Seed · 2022-12-31 Raised $738K (real) Modeled valuation $6.3M (est)$738K$6.3MSeed2022Seed · 2023-12-31 Raised $1.2M (real) Modeled valuation $6.6M (est)$1.2M$6.6MSeed2023+$3.0M+$808K+$738K+$1.2MCumulative $8.5M

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
Seed$2.8M · 2014
Seed extension$3.0M · 2020
Seed extension$808K · 2021
Seed extension$738K · 2022
Seed extension$1.2M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$6.6M
Base estimate est.
$1.0M
Conservative case
$20.1M
Upside case
$6.0M
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 health care sector profile. Directional, not a quoted figure.

Seed · modeled $69.4M · 2014-03-072014Seed · modeled $59.7M · 2020-12-31Seed · modeled $10.5M · 2021-12-31Seed · modeled $6.3M · 2022-12-31Seed · modeled $6.6M · 2023-12-312023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.54×/yr
Annual markup
2.01×/yr upside case
2.5 yr
Elapsed time used
2.5 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
29 mo
Avg between rounds
$869K/yr
Capital velocity
12.3 yr
On record since
2014
First round
5
Rounds on file
How it compares to the market

Benchmarked against 5377 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) 3.5× above median
This company$8.5M
Sector median$2.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.7× of median
This company$1.2M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$6.6M
Sector median$22.1M

Raised more than 73% of sector peers (real $). Modeled value above 27% 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 #190 of 244.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Elmntri LLC · Seed Raised $4.0M · modeled $46.1M (est)Atreo, Inc. · Seed Raised $3.8M · modeled $42.1M (est)descendantsDNA, Inc. · Seed Raised $3.4M · modeled $40.8M (est)Westover Project Investor LLC · Seed Raised $4.0M · modeled $40.0M (est)Dentulu Inc · Seed Raised $6.4M · modeled $37.7M (est)Emmacare.com LLC · Seed Raised $3.0M · modeled $37.2M (est)IR-Med, Inc. · Seed Raised $5.4M · modeled $37.0M (est)SDH Parent 2 LLC · Seed Raised $3.0M · modeled $36.7M (est)TecTraum, Inc. · Seed Raised $7.8M · modeled $36.7M (est)DBN BCS II Investments, LLC · Seed Raised $3.0M · modeled $34.0M (est)USRC Baldwin Hills, LLC · Seed Raised $2.8M · modeled $34.0M (est)Flex Operating Room, Inc. · Seed Raised $6.2M · modeled $31.9M (est)North Texas Renal Management, LLC (this company) Raised $8.5M · modeled $6.6M (est)North Texas Renal Management, LLC
CompanyStageRaised · realValue · estvs peer med.
Elmntri LLCSeed$4.0M$46.1M3.83×
Atreo, Inc.Seed$3.8M$42.1M3.50×
descendantsDNA, Inc.Seed$3.4M$40.8M3.40×
Westover Project Investor LLCSeed$4.0M$40.0M3.33×
Dentulu IncSeed$6.4M$37.7M3.13×
Emmacare.com LLCSeed$3.0M$37.2M3.10×
IR-Med, Inc.Seed$5.4M$37.0M3.08×
SDH Parent 2 LLCSeed$3.0M$36.7M3.05×
TecTraum, Inc.Seed$7.8M$36.7M3.05×
DBN BCS II Investments, LLCSeed$3.0M$34.0M2.83×
USRC Baldwin Hills, LLCSeed$2.8M$34.0M2.82×
Flex Operating Room, Inc.Seed$6.2M$31.9M2.65×
North Texas Renal Management, LLC this companySeed$8.5M$6.6M0.55×
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.
Seed$2.8M2014-03-07$14.0M$69.4M85%
Seed$3.0M2020-12-31$14.9M$59.7M90%
Seed$808K2021-12-31$4.0M$10.5M90%
Seed$738K2022-12-31$3.7M$6.3M90%
Seed$1.2M2023-12-31$6.0M$6.6M90%
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. Seed$2.8M2014-03-07
    • First recorded raise — entered as Seed.
    • 70 investors on this round.
  2. Seed$3.0M2020-12-31
    • Raised again after 82 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  3. Seed$808K2021-12-31
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round 3.7× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  4. Seed$738K2022-12-31
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
  5. Seed$1.2M2023-12-31
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 4 investors on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~29mo cadence
$1.9M
Modeled next size est.range $1.3M$3.1M
1.6×
Last step-up
$869K/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
Steven M. Gieser, M.D.12 other2020-12
Geoffrey Walker, M.D.8 other2020-12
Joris M Schuller, Jr., M.D.8 other2020-12
Anupkumar M Shetty, M.D.7 other2020-12
Joris M. Schuller, M.D.2023-12
Richard M. Fuquay, M.D.2023-12
Ruben M Velez, M.D.2020-12
Ruben Velez2014-03
Venkata M. Yalamanchili, M.D.2023-12
Registry & provenance

North Texas Renal Management, 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
1600693
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
North Texas Renal Management V, LLCOther Health CarePre-Seed$1.2M$384Knetwork4 shared operators · same sector
North Texas Renal Management II LLCOther Health CarePre-Seed$808K$3.0Mnetwork4 shared operators · same sector
North Texas Renal Management VII, LLCOther Health CarePre-Seed$675K$20.8Mnetwork4 shared operators · same sector
North Texas Renal Management IV, LLCOther Health CarePre-Seed$659K$20.3Mnetwork4 shared operators · same sector
North Texas Renal Management IX, LLCOther Health CarePre-Seed$534K$16.5Mnetwork4 shared operators · same sector
North Texas Renal Management VIII, LLCOther Health CarePre-Seed$513K$15.8Mnetwork4 shared operators · same sector
North Texas Renal Management VI, LLCOther Health CarePre-Seed$489K$15.1Mnetwork4 shared operators · same sector
North Texas Renal Management XII, LLCOther Health CarePre-Seed$628K$2.9Mnetwork2 shared operators · same sector
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
North Texas Renal Management VI, LLCOther Health CarePre-Seed$15.1M97%
North Texas Renal Management IV, LLCOther Health CarePre-Seed$20.3M97%
North Texas Renal Management II LLCOther Health CarePre-Seed$3.0M97%
North Texas Renal Management VII, LLCOther Health CarePre-Seed$20.8M96%
North Texas Renal Management VIII, LLCOther Health CarePre-Seed$15.8M96%
North Texas Renal Management XII, LLCOther Health CarePre-Seed$2.9M96%
North Texas Renal Management XI, LLCOther Health CarePre-Seed$1.2M95%
North Texas Renal Management IX, LLCOther Health CarePre-Seed$16.5M95%
Frequently asked
How much funding has North Texas Renal Management, LLC raised?
North Texas Renal Management, LLC has raised approximately $8.5M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is North Texas Renal Management, LLC's estimated valuation?
Provath's modeled valuation for North Texas Renal Management, LLC is approximately $6.6M (modeled range $1.0M–$20.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is North Texas Renal Management, LLC at?
North Texas Renal Management, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Sun Dec 31.
What does North Texas Renal Management, LLC do and where is it based?
North Texas Renal Management, LLC operates in the Other Health Care sector, based in DALLAS.
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