Diligence memo · auto-generated · as of July 3, 2026
Route 92 Medical, Inc.
Route 92 Medical, Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Route 92 Medical, Inc. operates in Healthtech, based in SAN MATEO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Route 92 Medical, Inc. has raised $158M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $50M on 2024-06-28.
Most recent recorded round closed around 2024-06-28.
Valuation (modeled)modeled
Provath models Route 92 Medical, Inc. at approximately $429M (range $183M–$652M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.88× the median modeled value of Series C Healthtech companies in 2022–2024 (39 peers) — value vs value, same stage and era. Within the normal band (88% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 2.0 yr ago; this sector typically re-raises about every 14 months.
Slightly overdue versus sector cadence.
The last round stepped up 1.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 97% of Healthtech peers (2138 compared).
Modeled value ranks above 92% of those peers.
Closest niche peers: Freedom Dental Funding, LLC, Elevate Care International Topco LP, Athelas Inc., Hazel Health, Inc., Health Gorilla, Inc..
Peoplefiled
10 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.