Companies · Healthtech

Saphena Medical, Inc.

WEST BRIDGEWATER · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Saphena Medical, Inc. — recommendation, valuation, rhythm, risks.
$10.3M
Total raised · real
5
Rounds
1.6×
Latest step-up
Top 31%
Sector rank · raised
Seed
Latest stage · inferred · Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Saphena Medical, Inc. looks over-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 healthtech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.61× the median modeled value of Seed Healthtech companies in 2022–2024 (162 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.8 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 Healthtech

Saphena Medical, Inc. is one of 2138 Healthtech companies tracked from WEST BRIDGEWATER. By capital raised it ranks in the upper tier (ahead of 70% 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
9
Investors (latest)
2022-09-30
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$100MPre-Seed · 2013-02-08 Raised $970K (real) Modeled valuation $33M (est)$970K$33MPre-Seed2013Seed · 2015-03-19 Raised $1.3M (real) Modeled valuation $35M (est)$1.3M$35MSeed2015Seed · 2017-05-17 Raised $2.7M (real) Modeled valuation $75M (est)$2.7M$75MSeed2017Seed · 2018-06-12 Raised $2.1M (real) Modeled valuation $57M (est)$2.1M$57MSeed2018Seed · 2022-09-30 Raised $3.3M (real) Modeled valuation $33M (est)$3.3M$33MSeed2022+$1.3M+$2.7M+$2.1M+$3.3MCumulative $10M

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
Pre-Seed$970K · 2013
Seed$1.3M · 2015
Seed extension$2.7M · 2017
Seed extension$2.1M · 2018
Seed extension$3.3M · 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
$33.0M
Base estimate est.
$2.8M
Conservative case
$140.9M
Upside case
$16.3M
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.

Pre-Seed · modeled $33.4M · 2013-02-082013Seed · modeled $35.1M · 2015-03-19Seed · modeled $74.9M · 2017-05-17Seed · modeled $57.1M · 2018-06-12Seed · modeled $33.0M · 2022-09-302022
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
3.8 yr
Elapsed time used
3.8 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
29 mo
Avg between rounds
$1.1M/yr
Capital velocity
13.4 yr
On record since
2013
First round
5
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) 2.3× above median
This company$10.3M
Sector median$4.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.7× above median
This company$3.3M
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 1.0× of median
This company$33.0M
Sector median$33.8M

Raised more than 70% of sector peers (real $). Modeled value above 54% 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 #17 of 162.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital 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)Saphena Medical, Inc. (this company) Raised $10.3M · modeled $33.0M (est)Saphena Medical, Inc.
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×
Saphena Medical, Inc. this companySeed$10.3M$33.0M2.61×
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.
Pre-Seed$970K2013-02-08$5.4M$33.4M85%
Seed$1.3M2015-03-19$6.3M$35.1M85%
Seed$2.7M2017-05-17$13.5M$74.9M90%
Seed$2.1M2018-06-12$10.3M$57.1M90%
Seed$3.3M2022-09-30$16.3M$33.0M90%
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. Pre-Seed$970K2013-02-08
    • First recorded raise — entered as Pre-Seed.
    • 6 investors on this round.
  2. Seed$1.3M2015-03-19
    • Raised again after 25 mo — slower than the ~14 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 2 investors on this round.
  3. Seed$2.7M2017-05-17
    • Raised again after 26 mo — slower than the ~14 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 38 investors on this round.
  4. Seed$2.1M2018-06-12
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 17 investors on this round.
  5. Seed$3.3M2022-09-30
    • Raised again after 52 mo — slower than the ~14 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 9 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~29mo cadence
$5.1M
Modeled next size est.range $3.3M$8.2M
1.6×
Last step-up
$1.1M/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
Michael J. Glennon3 other2015-03
Christopher W. Nelson2 other2013-02
Michael Glennon2 other2013-02
Ross Garofalo2 other2013-02
Steven J. Tallarida2 other2022-09
Albert W. Chin1 other2013-02
Andrea J. Patisteas1 other2022-09
Joshua W. Phillips1 other2013-02
Ross J. Garofalo1 other2015-03
Albert J. Chin2022-09
Andrea W. Patisteas2013-02
Dennis J. Cameron2022-09
Joshua J. Phillips2022-09
Mark J. Orphanos2022-09
Steven W. Tallarida2013-02
Registry & provenance

Saphena Medical, 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
1570417
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
Cruzar Medsystems, Inc.Other Health CareSeed$3.9M$70.6Mnetwork4 shared operators · same stage
Cardiosolutions IncOther Health CareSeries A$18.5M$300.3Mnetwork3 shared operators
Marani Health IncHealthtechSeed$10.3M$30.4Msame sector · same stage
Invictus Medical, Inc.HealthtechSeed$8.9M$34.9Msame sector · same stage
Autonomix Medical, Inc.HealthtechSeed$8.9M$18.3Msame sector · same stage
Anutra Medical, Inc.HealthtechSeed$7.7M$24.7Msame sector · same stage
Clario Medical Imaging IncHealthtechSeed$7.7M$20.4Msame sector · same stage
Medical Engineering Innovations, Inc.HealthtechSeed$7.5M$44.5Msame 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
Health Sapiens, LLCHealthtechSeries C$1.3B85%
Sirona Medical, Inc.HealthtechSeries B$638.3M85%
Silna Health, Inc.HealthtechSeries A$34.3M84%
Covera Health, Inc.HealthtechSeries B$485.3M84%
Syntilla Medical, LLCHealthtechSeed$41.4M83%
CareSpan Health, Inc.HealthtechPre-Seed$2.0M83%
Areti Health, Inc.HealthtechSeries A$18.8M83%
Dandelion Health Inc.HealthtechSeries B$120.3M83%
Frequently asked
How much funding has Saphena Medical, Inc. raised?
Saphena Medical, Inc. has raised approximately $10.3M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Saphena Medical, Inc.'s estimated valuation?
Provath's modeled valuation for Saphena Medical, Inc. is approximately $33.0M (modeled range $2.8M–$140.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Saphena Medical, Inc. at?
Saphena Medical, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Sep 30.
What does Saphena Medical, Inc. do and where is it based?
Saphena Medical, Inc. operates in the Healthtech sector, based in WEST BRIDGEWATER.
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