Companies · Other Health Care

SL Pathology Leasing of Texas, LLC

Bellaire · Other Health Care

Diligence memoA one-page analyst read on SL Pathology Leasing of Texas, LLC — recommendation, valuation, rhythm, risks.
$2.6M
Total raised · real
3
Rounds
0.1×
Latest step-up
Top 49%
Sector rank · raised
Seed
Latest stage · inferred · Fri Nov 30 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

SL Pathology Leasing of Texas, LLC looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the health care 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 0.10× the median modeled value of Seed Other Health Care companies in 2010–2012 (243 peers) — value vs value, same stage and era.
Dormant
  • Last raise 13.6 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

SL Pathology Leasing of Texas, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
16.6 yr record
Peak capital year was 2010 with $1.8M across 1 filings.
Market position
ahead of 52% of Other Health Care peers
Capital scale is ahead of 52% of Other Health Care peers; modeled value is above 18% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2010: $1.8M across 1 filings.
  • Largest single filing was $1.8M on 2010-01-29.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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 Other Health Care

SL Pathology Leasing of Texas, LLC is one of 5377 Other Health Care companies tracked from Bellaire. By capital raised it ranks mid-pack (ahead of 52% of sector peers), and in the long tail 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
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$13M$25M$38M$50MPre-Seed · 2009-12-10 Raised $600K (real) Modeled valuation $18M (est)$600K$18MPre-Seed2009Seed · 2010-01-29 Raised $1.8M (real) Modeled valuation $45M (est)$1.8M$45MSeed2010Seed · 2012-11-30 Raised $162K (real) Modeled valuation $4.0M (est)$162K$4.0MSeed2012+$1.8M+$162KCumulative $2.6M

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$600K · 2009
Seed$1.8M · 2010
Seed extension$162K · 2012

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

Modeled valuation trajectory
$4.0M
Base estimate est.
$137K
Conservative case
$31.4M
Upside case
$808K
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 health care sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $18.5M · 2009-12-102009Seed · modeled $44.6M · 2010-01-29Seed · modeled $4.0M · 2012-11-302012
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.54×/yr
Annual markup
2.01×/yr upside case
6.0 yr
Elapsed time used
13.6 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
18 mo
Avg between rounds
$861K/yr
Capital velocity
16.6 yr
On record since
2009
First round
3
Rounds on file
How it compares to the market

Benchmarked against 5377 companies in Other Health Care. 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) 1.1× above median
This company$2.6M
Sector median$2.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$162K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$4.0M
Sector median$22.1M

Raised more than 52% of sector peers (real $). Modeled value above 18% 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 #242 of 243.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Coolsystems Inc · Seed Raised $8.3M · modeled $99.1M (est)Device Innovation Group, LLC · Seed Raised $4.0M · modeled $99.1M (est)Envoy Partners Llc · Seed Raised $4.0M · modeled $99.1M (est)Kare Partners LLC · Seed Raised $4.0M · modeled $99.1M (est)CuMed LLC · Seed Raised $4.0M · modeled $99.1M (est)CMC II Investors, LLC · Seed Raised $4.0M · modeled $99.1M (est)U.S. Nursing Corp · Seed Raised $8.0M · modeled $99.1M (est)Accendo Therapeutics, Inc. · Seed Raised $4.0M · modeled $98.9M (est)Luminous Medical Inc · Seed Raised $4.4M · modeled $97.6M (est)Charger Holding Corp. · Seed Raised $3.9M · modeled $97.2M (est)Northstar Medical Technologies, LLC · Seed Raised $3.9M · modeled $96.4M (est)Vitalize Consulting Solutions Inc · Seed Raised $3.9M · modeled $96.2M (est)SL Pathology Leasing of Texas, LLC (this company) Raised $2.6M · modeled $4.0M (est)SL Pathology Leasing of Texas, LLC
CompanyStageRaised · realValue · estvs peer med.
Coolsystems IncSeed$8.3M$99.1M2.47×
Device Innovation Group, LLCSeed$4.0M$99.1M2.47×
Envoy Partners LlcSeed$4.0M$99.1M2.47×
Kare Partners LLCSeed$4.0M$99.1M2.47×
CuMed LLCSeed$4.0M$99.1M2.47×
CMC II Investors, LLCSeed$4.0M$99.1M2.47×
U.S. Nursing CorpSeed$8.0M$99.1M2.47×
Accendo Therapeutics, Inc.Seed$4.0M$98.9M2.47×
Luminous Medical IncSeed$4.4M$97.6M2.44×
Charger Holding Corp.Seed$3.9M$97.2M2.43×
Northstar Medical Technologies, LLCSeed$3.9M$96.4M2.41×
Vitalize Consulting Solutions IncSeed$3.9M$96.2M2.40×
SL Pathology Leasing of Texas, LLC this companySeed$2.6M$4.0M0.10×
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$600K2009-12-10$3.3M$18.5M90%
Seed$1.8M2010-01-29$9.0M$44.6M90%
Seed$162K2012-11-30$808K$4.0M90%
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$600K2009-12-10
    • First recorded raise — entered as Pre-Seed.
  2. Seed$1.8M2010-01-29
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
  3. Seed$162K2012-11-30
    • Raised again after 34 mo — slower than the ~14 mo sector norm.
    • Round 11.1× smaller than the prior — bridge or down round.
Intelligence
2014 ~Q2
Modeled next raise · ~18mo cadence
$162K
Modeled next size est.range $162K$258K
0.1×
Last step-up
$861K/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
T Brooke Farnsworth5 other2009-12
T.J. Farnsworth4 other2012-11
Mark Brooke Montondon3 other2009-12
Carl Lee Britton2012-11
Mark B. Montondon2012-11
Registry & provenance

SL Pathology Leasing of Texas, LLC 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
1479814
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.

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SL Seattle IMRT, LLCHospitals and PhysiciansPre-Seed$1.3M$24.4Mnetwork3 shared operators
Orga Pharma CorpOther Health CareSeed$2.6M$3.8Msame sector · same stage
Blue Horizon International AGOther Health CareSeed$2.5M$4.7Msame sector · same stage
Bmi Partners, LlcOther Health CareSeed$2.5M$4.7Msame sector · same stage
BodySound Technologies, Inc.Other Health CareSeed$2.5M$4.7Msame sector · same stage
Cottonwood Dental, LLCOther Health CareSeed$2.5M$4.7Msame sector · same stage
Eden Spine Holding, LLCOther Health CareSeed$2.5M$4.7Msame sector · same stage
GrayHawk Home Care I LLCOther Health CareSeed$2.5M$4.7Msame sector · same stage
Frequently asked
How much funding has SL Pathology Leasing of Texas, LLC raised?
SL Pathology Leasing of Texas, LLC has raised approximately $2.6M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is SL Pathology Leasing of Texas, LLC's estimated valuation?
Provath's modeled valuation for SL Pathology Leasing of Texas, LLC is approximately $4.0M (modeled range $137K–$31.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is SL Pathology Leasing of Texas, LLC at?
SL Pathology Leasing of Texas, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Nov 30.
What does SL Pathology Leasing of Texas, LLC do and where is it based?
SL Pathology Leasing of Texas, LLC operates in the Other Health Care sector, based in Bellaire.
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