Companies · Healthtech

Quro Medical

Johannesburg · Africa · Healthtech · founded 2018

Diligence memoA one-page analyst read on Quro Medical — recommendation, valuation, rhythm, risks.
$1.3M
Total raised · real
1
Rounds
Latest step-up
Top 69%
Sector rank · raised
Seed
Latest stage · inferred · Wed May 10 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Quro Medical looks fair 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.

Fair
  • Modeled value is 0.79× the median modeled value of Seed Healthtech companies in 2022–2024 (162 peers) — value vs value, same stage and era.
  • Within the normal band (79% of peer median) for its niche.
Dormant
  • Last raise 3.1 yr ago; this sector typically re-raises about every 14 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

2 Investors
Where it sits in Healthtech

Quro Medical is one of 2138 Healthtech companies tracked from Johannesburg, Africa, on record since 2018. By capital raised it ranks in the long tail (ahead of 32% 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.

SA e-health startup Quro Medical raises $1.3m funding from Mineworkers Investment Company 0 By Tom Jackson on May 10, 2023 News , Southern Africa South African e-health startup Quro Medical has raised ZAR25 million (US$1.3 million) in funding from the Mineworkers Investment Company (MIC). Founded in 2018, Quro Medical has developed an affordable and accessible hospital-at-home solution that combines state-of-the-art hardware and software with clinical excellence to manage acutely ill patients in the comfort of their homes.

SA e-health startup Quro Medical raises $1.3m funding from Mineworkers Investment Company 0 By Tom Jackson on May 10, 2023 News , Southern Africa South African e-health startup Quro Medical has raised ZAR25 million (US$1.3 million) in funding from the Mineworkers Investment Company (MIC). Founded in 2018, Quro Medical has developed an affordable and accessible hospital-at-home solution that combines state-of-the-art hardware and software with clinical excellence to manage acutely ill patients in the comfort of their homes.

As reported in public records reported — not modeled.

ZA
Jurisdiction
2
Investors (latest)
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$5.0M$10M$15M$20MSeed · 2023-05-10 Raised $1.3M (real) Modeled valuation $10M (est)$1.3M$10MSeed2023

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$1.3M · 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
$10.0M
Base estimate est.
$1.1M
Conservative case
$36.3M
Upside case
$6.5M
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.

Not enough modeled valuation points to chart a trajectory.

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
3.1 yr
Elapsed time used
3.1 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
3.1 yr
On record since
2023
First round
1
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) 0.3× of median
This company$1.3M
Sector median$4.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.7× of median
This company$1.3M
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$10.0M
Sector median$33.8M

Raised more than 32% of sector peers (real $). Modeled value above 33% 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 #96 of 162.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)NJ Shore Wellness LLC · Seed Raised $4.0M · modeled $52.7M (est)Neb Health Inc · Seed Raised $3.7M · modeled $51.4M (est)Aerwave Medical, Inc. · Seed Raised $5.5M · modeled $45.1M (est)Oya Care Ltd · Seed Raised $3.4M · modeled $45.0M (est)Aam Care, Inc. · Seed Raised $7.0M · modeled $45.0M (est)Medical Engineering Innovations, Inc. · Seed Raised $7.5M · modeled $44.5M (est)Virtual Health Partners, Inc. · Seed Raised $7.4M · modeled $43.2M (est)Pattern Health Technologies, Inc. · Seed Raised $3.3M · modeled $38.4M (est)Navigator Healthcare Inc. · Seed Raised $6.4M · modeled $38.1M (est)Cinematic Health Education, Inc. · Seed Raised $3.9M · modeled $37.7M (est)Fresenius Medical Care Winter Lake, LLC · Seed Raised $3.6M · modeled $37.3M (est)Oto Health Inc. · Seed Raised $3.3M · modeled $36.8M (est)Quro Medical (this company) Raised $1.3M · modeled $10.0M (est)Quro Medical
CompanyStageRaised · realValue · estvs peer med.
NJ Shore Wellness LLCSeed$4.0M$52.7M4.18×
Neb Health IncSeed$3.7M$51.4M4.08×
Aerwave Medical, Inc.Seed$5.5M$45.1M3.58×
Oya Care LtdSeed$3.4M$45.0M3.57×
Aam Care, Inc.Seed$7.0M$45.0M3.57×
Medical Engineering Innovations, Inc.Seed$7.5M$44.5M3.53×
Virtual Health Partners, Inc.Seed$7.4M$43.2M3.43×
Pattern Health Technologies, Inc.Seed$3.3M$38.4M3.05×
Navigator Healthcare Inc.Seed$6.4M$38.1M3.02×
Cinematic Health Education, Inc.Seed$3.9M$37.7M2.99×
Fresenius Medical Care Winter Lake, LLCSeed$3.6M$37.3M2.96×
Oto Health Inc.Seed$3.3M$36.8M2.92×
Quro Medical this companySeed$1.3M$10.0M0.79×
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$1.3M2023-05-10$6.5M$10.0M45%
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$1.3M2023-05-10
    • First recorded raise — entered as Seed.
    • 2 investors on this round.
Intelligence
Modeled next raise
$2.1M
Modeled next size est.range $1.4M$3.3M
Last step-up
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.

Registry & provenance

Quro Medical 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
ZA
Jurisdiction
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
Zuri HealthHealthtechSeed$1.3M$9.1Msame sector · same stage
Imagen Oaktown Family Dental Support Services, LLCHealthtechSeed$1.3M$4.9Msame sector · same stage
Imagen North Tahoe Dental Support Services, LLCHealthtechSeed$1.3M$6.5Msame sector · same stage
Encore Medical, Inc.HealthtechSeed$1.3M$13.3Msame sector · same stage
Kizuna Care Inc.HealthtechSeed$1.3M$5.8Msame sector · same stage
Sniffle Health Inc.HealthtechSeed$1.4M$5.7Msame sector · same stage
Friendly Health Technologies Inc.HealthtechSeed$1.3M$4.9Msame sector · same stage
Trio Medical CorpHealthtechSeed$1.4M$9.7Msame sector · same stage
Investors

Public records name issuer insiders, not the funds in a round — these investor links come from corroborating sources.

FirmRoundConfidence
MIC Khulisani VenturesSeed55%
Mineworkers Investment CompanySeed55%
Frequently asked
How much funding has Quro Medical raised?
Quro Medical has raised approximately $1.3M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Quro Medical's estimated valuation?
Provath's modeled valuation for Quro Medical is approximately $10.0M (modeled range $1.1M–$36.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Quro Medical at?
Quro Medical's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed May 10.
What does Quro Medical do and where is it based?
Quro Medical operates in the Healthtech sector, based in Johannesburg, Africa. SA e-health startup Quro Medical raises $1.3m funding from Mineworkers Investment Company 0 By Tom Jackson on May 10, 2023 News , Southern Africa South African e-health startup Quro Medical has raised ZAR25 million (US$1.3 million) in funding from the Mineworkers Investment Company (MIC). Founded in 2018, Quro Medical has developed an affordable and accessible hospital-at-home solution that combines state-of-the-art hardware and software with clinical excellence to manage acutely ill patients in the comfort of their homes.
Explore related

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

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