Companies · Healthtech

Solenic Medical, Inc.

COLLEGE STATION · Healthtech · refined from filed group “Other

Diligence memoA one-page analyst read on Solenic Medical, Inc. — recommendation, valuation, rhythm, risks.
$9.5M
Total raised · real
6
Rounds
1.5×
Latest step-up
Top 33%
Sector rank · raised
Seed
Latest stage · inferred · Thu Feb 29 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Solenic Medical, Inc. looks fair 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.

Fair
  • Modeled value is 1.36× the median modeled value of Seed Healthtech companies in 2022–2024 (162 peers) — value vs value, same stage and era.
  • Within the normal band (136% of peer median) for its niche.
At-risk
  • Last raise 2.3 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

Solenic Medical, Inc. is one of 2138 Healthtech companies tracked from COLLEGE STATION. By capital raised it ranks mid-pack (ahead of 68% 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
17
Investors (latest)
2019
Year incorporated
2024-02-29
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$13M$25M$38M$50MPre-Seed · 2019-08-05 Raised $250K (real) Modeled valuation $8.6M (est)$250K$8.6MPre-Seed2019Pre-Seed · 2020-05-15 Raised $125K (real) Modeled valuation $4.3M (est)$125K$4.3MPre-Seed2020Pre-Seed · 2021-05-19 Raised $100K (real) Modeled valuation $2.2M (est)$100K$2.2MPre-Seed2021Seed · 2022-12-14 Raised $3.7M (real) Modeled valuation $34M (est)$3.7M$34MSeed2022Seed · 2024-01-22 Raised $2.2M (real) Modeled valuation $12M (est)$2.2M$12MSeed2024Seed · 2024-02-29 Raised $3.2M (real) Modeled valuation $17M (est)$3.2M$17MSeed2024+$125K+$100K+$3.7M+$2.2M+$3.2MCumulative $9.5M

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$250K · 2019
Pre-Seed extension$125K · 2020
Pre-Seed extension$100K · 2021
Seed$3.7M · 2022
Seed extension$2.2M · 2024
Seed extension$3.2M · 2024

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

Modeled valuation trajectory
$17.2M
Base estimate est.
$2.7M
Conservative case
$50.1M
Upside case
$16.0M
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 $8.6M · 2019-08-052019Pre-Seed · modeled $4.3M · 2020-05-15Pre-Seed · modeled $2.2M · 2021-05-19Seed · modeled $33.8M · 2022-12-14Seed · modeled $12.3M · 2024-01-22Seed · modeled $17.2M · 2024-02-292024
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
2.3 yr
Elapsed time used
2.3 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$2.1M/yr
Capital velocity
6.9 yr
On record since
2019
First round
6
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) 2.1× above median
This company$9.5M
Sector median$4.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.7× above median
This company$3.2M
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$17.2M
Sector median$33.8M

Raised more than 68% of sector peers (real $). Modeled value above 42% 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 #54 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)Solenic Medical, Inc. (this company) Raised $9.5M · modeled $17.2M (est)Solenic 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×
Solenic Medical, Inc. this companySeed$9.5M$17.2M1.36×
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$250K2019-08-05$1.4M$8.6M90%
Pre-Seed$125K2020-05-15$694K$4.3M90%
Pre-Seed$100K2021-05-19$556K$2.2M90%
Seed$3.7M2022-12-14$18.3M$33.8M90%
Seed$2.2M2024-01-22$11.0M$12.3M90%
Seed$3.2M2024-02-29$16.0M$17.2M90%
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$250K2019-08-05
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$125K2020-05-15
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  3. Pre-Seed$100K2021-05-19
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  4. Seed$3.7M2022-12-14
    • Raised 19 mo later, in step with the ~14 mo sector norm.
    • Round 36.6× larger than the prior — scaling up.
    • 11 investors on this round.
  5. Seed$2.2M2024-01-22
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  6. Seed$3.2M2024-02-29
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 17 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~11mo cadence
$4.7M
Modeled next size est.range $3.2M$7.5M
1.5×
Last step-up
$2.1M/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
Robert Calvin Goforth24 other2020-05
David Greenberg12 other2024-01
Calvin Goforth9 other2024-01
R. CALVIN GOFORTH9 other2019-08
Tamir Meiri4 other2024-01
James Y. Lancaster2 other2019-08
James Lancaster1 other2024-01
Calvin Y Goforth2022-12
David Y Greenberg2022-12
John Calvin Hodock2020-05
John Hodock2024-01
John Y Hodock2021-05
John Y Tepper2022-12
Mark Y Wagstaff2022-12
Rajiv Chopra2024-01
Rajiv Y Chopra2022-12
Tamir Y Meiri2022-12
Registry & provenance

Solenic 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
1785410
SEC CIK
2019
Incorporated
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
Tesseract Structural Innovations, Inc.OtherPre-Seed$788K$1.4Mnetwork5 shared operators
Vixiar Medical, Inc.HealthtechSeed$1.7M$43.8Mnetwork2 shared operators · same sector · same stage
CardioWise, Inc.Other Health CareSeed$4.8M$8.0Mnetwork2 shared operators · same stage
Bainbridge Health, Inc.HealthtechSeed$9.3M$10.9Msame sector · same stage
Autonomix Medical, Inc.HealthtechSeed$8.9M$18.3Msame sector · same stage
WFS Home Care Enterprises, Inc.HealthtechSeed$8.7M$9.9Msame sector · same stage
Nob Hill Therapeutics, Inc.PharmaSeed$2.3M$8.0Mnetwork2 shared operators · same stage
Maui Wellness Group, LLCHealthtechSeed$11.0M$12.7Msame 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
Solera Health, Inc.HealthtechSeries B$935.6M87%
Vin-7 Solenic Medical, LlcHealthtechPre-Seed$8.4M86%
PRINE Health Holdings, LLCHealthtechPre-Seed$34.5M83%
Solei Systems, Inc.Software / TechSeed$63.3M82%
Pario Health Inc.HealthtechSeed$16.4M82%
Primus Healthcare Holdings, LLCHealthtechPre-Seed$30.2M82%
Modular Medical, Inc.HealthtechSeries A$45.7M82%
Custom Health, Inc.HealthtechSeries A$18.8M82%
Frequently asked
How much funding has Solenic Medical, Inc. raised?
Solenic Medical, Inc. has raised approximately $9.5M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Solenic Medical, Inc.'s estimated valuation?
Provath's modeled valuation for Solenic Medical, Inc. is approximately $17.2M (modeled range $2.7M–$50.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Solenic Medical, Inc. at?
Solenic Medical, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Feb 29.
What does Solenic Medical, Inc. do and where is it based?
Solenic Medical, Inc. operates in the Healthtech sector, based in COLLEGE STATION.
Explore related

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

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