Diligence memo · auto-generated · as of July 2, 2026
Shoulder Innovations, Inc.
Shoulder Innovations, Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Shoulder Innovations, Inc. operates in Other Health Care, based in Grand Rapids.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Shoulder Innovations, Inc. has raised $85M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $32M on 2023-02-10.
Most recent recorded round closed around 2025-03-06.
Valuation (modeled)modeled
Provath models Shoulder Innovations, Inc. at approximately $107M (range $47M–$168M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.16× the median modeled value of Series B Other Health Care companies in 2025–2027 (48 peers) — value vs value, same stage and era. Within the normal band (116% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 16 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 1.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 95% of Other Health Care peers (5377 compared).
Modeled value ranks above 81% of those peers.
Closest niche peers: Imagine Pediatrics Holdings LLC, Porter Cares, Inc., True Medicine Inc., CranioVation, Inc., Seriously Clean LTD..
Peoplefiled
12 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.