Companies · Other Health Care

OnLume Inc.

MADISON · Other Health Care

Diligence memoA one-page analyst read on OnLume Inc. — recommendation, valuation, rhythm, risks.
$11.1M
Total raised · real
4
Rounds
0.4×
Latest step-up
Top 24%
Sector rank · raised
Series A
Latest stage · inferred · Tue Dec 20 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

OnLume Inc. 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 0.63× the median modeled value of Series A Other Health Care companies in 2022–2024 (196 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.5 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.
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

OnLume Inc. is one of 5376 Other Health Care companies tracked from MADISON. By capital raised it ranks in the upper tier (ahead of 77% of sector peers), and mid-pack 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
14
Investors (latest)
2022-12-20
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$50M$100M$150M$200MSeed · 2019-05-03 Raised $1.4M (real) Modeled valuation $34M (est)$1.4M$34MSeed2019Pre-Seed · 2019-05-03 Raised $749K (real) Modeled valuation $23M (est)$749K$23MPre-Seed2019Seed · 2020-02-26 Raised $365K (real) Modeled valuation $9.0M (est)$365K$9.0MSeed2020Series A · 2020-12-22 Raised $6.6M (real) Modeled valuation $112M (est)$6.6M$112MSeries A2020Series A · 2022-12-20 Raised $2.8M (real) Modeled valuation $23M (est)$2.8M$23MSeries A2022+$749K+$365K+$6.6M+$2.8MCumulative $12M

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$1.4M · 2019
Bridge · Seed-stage$749K · 2019smaller follow-on
Seed extension$365K · 2020
Series A$6.6M · 2020
Series A extension$2.8M · 2022

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$23.2M
Base estimate est.
$3.6M
Conservative case
$71.3M
Upside case
$12.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Seed · modeled $33.9M · 2019-05-032019Pre-Seed · modeled $23.1M · 2019-05-03Seed · modeled $9.0M · 2020-02-26Series A · modeled $111.9M · 2020-12-22Series A · modeled $23.2M · 2022-12-202022
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.43×/yr
Annual markup
1.80×/yr upside case
3.5 yr
Elapsed time used
3.5 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$3.1M/yr
Capital velocity
7.2 yr
On record since
2019
First round
5
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) 4.6× above median
This company$11.1M
Sector median$2.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.5× of median
This company$2.8M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 1.0× above median
This company$23.2M
Sector median$22.1M

Raised more than 77% of sector peers (real $). Modeled value above 51% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #140 of 196.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)CareHarmony, Inc. · Series A Raised $17.4M · modeled $145.1M (est)Dragonfly Endoscopy Inc. · Series A Raised $12.7M · modeled $141.8M (est)NuvoAir Holdings, Inc. · Series A Raised $10.7M · modeled $124.9M (est)Post Acute Recovery, Inc. · Series A Raised $14.5M · modeled $122.9M (est)Micro Interventional Devices, Inc. · Series A Raised $14.0M · modeled $118.9M (est)Etiometry Inc. · Series A Raised $15.6M · modeled $114.6M (est)SafKan, Inc. · Series A Raised $13.0M · modeled $108.4M (est)BehaVR Holdings, Inc. · Series A Raised $12.1M · modeled $102.0M (est)Outliers Inc. · Series A Raised $13.6M · modeled $101.6M (est)RevMedica, Inc. · Series A Raised $14.2M · modeled $101.1M (est)Innovoyce LLC · Series A Raised $9.9M · modeled $97.5M (est)Prixz, Inc. · Series A Raised $9.2M · modeled $97.3M (est)OnLume Inc. (this company) Raised $11.1M · modeled $23.2M (est)OnLume Inc.
CompanyStageRaised · realValue · estvs peer med.
CareHarmony, Inc.Series A$17.4M$145.1M3.96×
Dragonfly Endoscopy Inc.Series A$12.7M$141.8M3.87×
NuvoAir Holdings, Inc.Series A$10.7M$124.9M3.41×
Post Acute Recovery, Inc.Series A$14.5M$122.9M3.35×
Micro Interventional Devices, Inc.Series A$14.0M$118.9M3.25×
Etiometry Inc.Series A$15.6M$114.6M3.13×
SafKan, Inc.Series A$13.0M$108.4M2.96×
BehaVR Holdings, Inc.Series A$12.1M$102.0M2.78×
Outliers Inc.Series A$13.6M$101.6M2.77×
RevMedica, Inc.Series A$14.2M$101.1M2.76×
Innovoyce LLCSeries A$9.9M$97.5M2.66×
Prixz, Inc.Series A$9.2M$97.3M2.66×
OnLume Inc. this companySeries A$11.1M$23.2M0.63×
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$1.4M2019-05-03$6.8M$33.9M90%
Pre-Seed$749K2019-05-03$4.2M$23.1M90%
Seed$365K2020-02-26$1.8M$9.0M90%
Series A$6.6M2020-12-22$29.9M$111.9M90%
Series A$2.8M2022-12-20$12.7M$23.2M90%
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$1.4M2019-05-03
    • First recorded raise — entered as Seed.
    • 10 investors on this round.
  2. Pre-Seed$749K2019-05-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  3. Seed$365K2020-02-26
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  4. Series A$6.6M2020-12-22
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 18.0× larger than the prior — scaling up.
    • 26 investors on this round.
  5. Series A$2.8M2022-12-20
    • Raised again after 24 mo — slower than the ~14 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 14 investors on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~11mo cadence
$2.8M
Modeled next size est.range $2.8M$4.5M
0.4×
Last step-up
$3.1M/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
Thomas R. Mackie3 other2019-05
James A. Bowman1 other2020-12
Adam J. Uselmann2019-05
Andreas A. Velten2020-12
Andreas J. Velten2019-05
Benjamin J. Titz2022-12
Benjamin R. Titz2020-12
Benjamin W. Titz2019-05
Carl W. Gulbrandsen2019-05
Kevin W. Eliceiri2019-05
Michael J. Luzich2022-12
Registry & provenance

OnLume 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
1776702
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
Novascan Inc.Other Health CareSeries A$11.1M$25.5Msame sector · same stage
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T.O. Global LLCOther Health CareSeries A$10.5M$25.4Msame sector · same stage
Theragen, Inc.Other Health CareSeries A$10.4M$25.2Msame sector · same stage
Curiteva, Inc.Other Health CareSeries A$12.0M$23.3Msame sector · same stage
Ocudyne, Inc.Other Health CareSeries A$10.1M$21.9Msame 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
Ondello, Inc.Other Health CareSeed$50.4M88%
OncoTracker, Inc.Other Health CareSeed$3.7M87%
Ontrak, Inc.Other Health CareSeries A$109.1M87%
OnPoint Knee, Inc.Other Health CarePre-Seed$6.2M85%
Atreo, Inc.Other Health CareSeed$42.1M84%
Vallum CorpOther Health CareSeries A$122.6M84%
Lite Run IncOther Health CareSeed$6.7M84%
SedMed Inc.Other Health CareSeed$6.1M83%
Frequently asked
How much funding has OnLume Inc. raised?
OnLume Inc. has raised approximately $11.1M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is OnLume Inc.'s estimated valuation?
Provath's modeled valuation for OnLume Inc. is approximately $23.2M (modeled range $3.6M–$71.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is OnLume Inc. at?
OnLume Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Dec 20.
What does OnLume Inc. do and where is it based?
OnLume Inc. operates in the Other Health Care sector, based in MADISON.
Explore related

See where OnLume 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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