Companies · Healthtech

Shape Memory Medical Inc.

SAN JOSE · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Shape Memory Medical Inc. — recommendation, valuation, rhythm, risks.
$61.8M
Total raised · real
7
Rounds
1.0×
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Tue Apr 15 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Shape Memory Medical Inc. looks under-valued against its niche peers and is active 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.

Under-valued
  • Modeled value is 0.23× the median modeled value of Series B Healthtech companies in 2025–2027 (55 peers) — value vs value, same stage and era.
Active
  • Last raise 15 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Shape Memory Medical Inc. is one of 2138 Healthtech companies tracked from SAN JOSE. By capital raised it ranks among the largest (ahead of 93% 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
29
Investors (latest)
2025-04-15
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$125M$250M$375M$500MPre-Seed · 2014-12-31 Raised $616K (real) Modeled valuation $21M (est)Pre-Seed2014Seed · 2016-04-12 Raised $3.0M (real) Modeled valuation $83M (est)Seed2016Series A · 2017-07-19 Raised $7.0M (real) Modeled valuation $158M (est)Series A2017Series A · 2020-05-06 Raised $5.8M (real) Modeled valuation $130M (est)Series A2020Series A · 2020-05-06 Raised $12M (real) Modeled valuation $260M (est)Series A2020Series A · 2023-04-24 Raised $4.8M (real) Modeled valuation $38M (est)Series A2023Series B · 2024-02-06 Raised $30M (real) Modeled valuation $236M (est)Series B2024Series A · 2025-04-15 Raised $4.4M (real) Modeled valuation $16M (est)Series A2025Series B · 2025-04-15 Raised $4.4M (real) Modeled valuation $23M (est)Series B2025+$3.0M+$7.0M+$5.8M+$12M+$4.8M+$30M+$4.4M+$4.4MCumulative $72M

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$616K · 2014
Seed$3.0M · 2016
Series A$7.0M · 2017
Series A extension$5.8M · 2020
Series A extension$11.5M · 2020
Series A extension$4.8M · 2023
Series B$30.5M · 2024
Bridge · Series B-stage$4.4M · 2025smaller follow-on
Series B extension$4.4M · 2025

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

Modeled valuation trajectory
$22.9M
Base estimate est.
$10.2M
Conservative case
$35.2M
Upside case
$24.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $21.3M · 2014-12-312014Seed · modeled $83.2M · 2016-04-12Series A · modeled $158.0M · 2017-07-19Series A · modeled $129.9M · 2020-05-06Series A · modeled $259.7M · 2020-05-06Series A · modeled $37.6M · 2023-04-24Series B · modeled $235.6M · 2024-02-06Series A · modeled $16.2M · 2025-04-15Series B · modeled $22.9M · 2025-04-152025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.38×/yr
Annual markup
1.67×/yr upside case
1.2 yr
Elapsed time used
1.2 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$6.0M/yr
Capital velocity
11.5 yr
On record since
2014
First round
9
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) 14× above median
This company$61.8M
Sector median$4.5M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.2× of median
This company$4.4M
Sector median$18.3M
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$22.9M
Sector median$33.8M

Raised more than 93% of sector peers (real $). Modeled value above 47% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #48 of 55.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Sevaro Health Inc · Series B Raised $46.0M · modeled $175.0M (est)Field Medical, Inc. · Series B Raised $61.9M · modeled $172.8M (est)Berry Street Health, Inc. · Series B Raised $39.2M · modeled $170.0M (est)Puzzle Medical Devices Inc. · Series B Raised $30.0M · modeled $168.6M (est)Cartwheel Care Inc. · Series B Raised $35.2M · modeled $168.1M (est)Spiro Medical Inc. · Series B Raised $39.1M · modeled $156.6M (est)Nomad Health, Inc. · Series B Raised $106.9M · modeled $153.2M (est)Charta Health, Inc. · Series B Raised $30.1M · modeled $148.8M (est)Integrated Care Partners, Inc. · Series B Raised $55.0M · modeled $145.9M (est)Commons Clinic Inc. · Series B Raised $69.8M · modeled $145.0M (est)Lumata Health Inc. · Series B Raised $35.4M · modeled $131.3M (est)Okami Medical, Inc. · Series B Raised $77.2M · modeled $125.6M (est)Shape Memory Medical Inc. (this company) Raised $61.8M · modeled $22.9M (est)Shape Memory Medical Inc.
CompanyStageRaised · realValue · estvs peer med.
Sevaro Health IncSeries B$46.0M$175.0M1.80×
Field Medical, Inc.Series B$61.9M$172.8M1.77×
Berry Street Health, Inc.Series B$39.2M$170.0M1.74×
Puzzle Medical Devices Inc.Series B$30.0M$168.6M1.73×
Cartwheel Care Inc.Series B$35.2M$168.1M1.72×
Spiro Medical Inc.Series B$39.1M$156.6M1.61×
Nomad Health, Inc.Series B$106.9M$153.2M1.57×
Charta Health, Inc.Series B$30.1M$148.8M1.53×
Integrated Care Partners, Inc.Series B$55.0M$145.9M1.50×
Commons Clinic Inc.Series B$69.8M$145.0M1.49×
Lumata Health Inc.Series B$35.4M$131.3M1.35×
Okami Medical, Inc.Series B$77.2M$125.6M1.29×
Shape Memory Medical Inc. this companySeries B$61.8M$22.9M0.23×
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$616K2014-12-31$3.4M$21.3M85%
Seed$3.0M2016-04-12$15.0M$83.2M85%
Series A$7.0M2017-07-19$31.8M$158.0M90%
Series A$5.8M2020-05-06$26.1M$129.9M90%
Series A$11.5M2020-05-06$52.3M$259.7M90%
Series A$4.8M2023-04-24$21.8M$37.6M90%
Series B$30.5M2024-02-06$169.4M$235.6M90%
Series A$4.4M2025-04-15$19.8M$16.2M90%
Series B$4.4M2025-04-15$24.2M$22.9M90%
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$616K2014-12-31
    • First recorded raise — entered as Pre-Seed.
    • 10 investors on this round.
  2. Seed$3.0M2016-04-12
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 4.9× larger than the prior — scaling up.
    • 12 investors on this round.
  3. Series A$7.0M2017-07-19
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 15 investors on this round.
  4. Series A$5.8M2020-05-06
    • Raised again after 34 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 37 investors on this round.
  5. Series A$11.5M2020-05-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× larger than the prior — scaling up.
    • 37 investors on this round.
  6. Series A$4.8M2023-04-24
    • Raised again after 36 mo — slower than the ~14 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 37 investors on this round.
  7. Series B$30.5M2024-02-06
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 6.4× larger than the prior — scaling up.
    • 73 investors on this round.
  8. Series A$4.4M2025-04-15
    • Raised 14 mo later, in step with the ~14 mo sector norm.
    • Round 7.0× smaller than the prior — bridge or down round.
    • 29 investors on this round.
  9. Series B$4.4M2025-04-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 29 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~15mo cadence
$4.4M
Modeled next size est.range $4.4M$7.0M
1.0×
Last step-up
$6.0M/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 Henson4 other2020-05
Thomas Thaler3 other2020-05
James Y. Lancaster2 other2014-12
Edward F Ruppel, Jr.1 other2017-07
Carla Y. Kikken-Jussen2014-12
Carolyn M. Bruguera2017-07
Duncan F. Maitland2017-07
Duncan Maitland2020-05
Duncan Y. Maitland2014-12
Edward F. Ruppel2016-04
Edward Ruppel2020-05
Jim F. Gamett2017-07
Jonathan Y. Hartman2014-12
Michael F. Henson2017-07
Michael Y. Henson2016-04
Thomas F. Thaler2017-07
Thom F. Rasche2025-04
Registry & provenance

Shape Memory 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
1630786
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
Vascular Dynamics, Inc.OtherSeries B$51.4M$549.1Mnetwork3 shared operators · same stage
Aware Recovery Care, Inc.HealthtechSeries B$62.9M$31.3Msame sector · same stage
Care.Stat!, Inc.HealthtechSeries B$41.9M$25.7Msame sector · same stage
Jet Health, Inc.HealthtechSeries B$38.9M$29.3Msame sector · same stage
Sanara MedTech Inc.HealthtechSeries B$35.1M$27.4Msame sector · same stage
Vanna Health, Inc.HealthtechSeries B$35.0M$25.4Msame sector · same stage
Element3 Health, Inc.HealthtechSeries B$33.7M$13.1Msame sector · same stage
Medical Informatics Corp.HealthtechSeries B$31.5M$29.2Msame 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
Full Bloom Memory Care, LLCHealthtechSeed$1.2M83%
Lancaster Memory Care, LLCHealthtechPre-Seed$17.2M82%
Kirkland Memory Care, LLCHealthtechSeries A$146.3M82%
Ellipsis Fishers Memory Care, LlcHealthtechSeed$44.6M80%
Ellipsis Greenwood Memory Care LLCHealthtechSeed$34.7M80%
Mantra Health, Inc.HealthtechSeries B$53.0M79%
Curve Health, Inc.HealthtechSeed$23.6M78%
Playback Health Inc.HealthtechSeries A$28.8M78%
Frequently asked
How much funding has Shape Memory Medical Inc. raised?
Shape Memory Medical Inc. has raised approximately $61.8M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Shape Memory Medical Inc.'s estimated valuation?
Provath's modeled valuation for Shape Memory Medical Inc. is approximately $22.9M (modeled range $10.2M–$35.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Shape Memory Medical Inc. at?
Shape Memory Medical Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Apr 15.
What does Shape Memory Medical Inc. do and where is it based?
Shape Memory Medical Inc. operates in the Healthtech sector, based in SAN JOSE.
Explore related

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

Is this your company?

If you work at Shape Memory Medical Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.