Diligence memo · auto-generated · as of July 2, 2026
Relievant MedSystems Inc
Relievant MedSystems Inc looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Relievant MedSystems Inc operates in Other Health Care, based in Edina.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Relievant MedSystems Inc has raised $200M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $70M on 2020-10-22.
Most recent recorded round closed around 2023-03-20.
Valuation (modeled)modeled
Provath models Relievant MedSystems Inc at approximately $523M (range $167M–$949M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.80× the median modeled value of Series C Other Health Care companies in 2022–2024 (47 peers) — value vs value, same stage and era. Within the normal band (80% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 3.3 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.
The last round stepped up 1.4× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 98% of Other Health Care peers (5377 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: Gravie, Inc., EmpowerMe Holdings, LLC, Color Holdings, L.P., RSR Senior Residences, LLC, Gynesonics, Inc.
Peoplefiled
19 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.