Companies · Other Health Care

Spinal Kinetics Inc

SUNNYVALE · Other Health Care

Diligence memoA one-page analyst read on Spinal Kinetics Inc — recommendation, valuation, rhythm, risks.
$53.7M
Total raised · real
3
Rounds
0.0×
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Fri Oct 28 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Spinal Kinetics Inc 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 0.06× the median modeled value of Series B Other Health Care companies in 2016–2018 (74 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.7 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.
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

Spinal Kinetics Inc is one of 5376 Other Health Care companies tracked from SUNNYVALE. 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
14
Investors (latest)
2016-10-28
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$250M$500M$750M$1.0BSeries B · 2009-09-03 Raised $16M (real) Modeled valuation $356M (est)Series B2009Series B · 2009-09-03 Raised $16M (real) Modeled valuation $356M (est)Series B2009Series A · 2009-09-03 Raised $9.4M (real) Modeled valuation $190M (est)Series A2009Series B · 2009-09-03 Raised $19M (real) Modeled valuation $412M (est)Series B2009Series A · 2009-09-03 Raised $5.3M (real) Modeled valuation $106M (est)Series A2009Series B · 2014-05-20 Raised $34M (real) Modeled valuation $750M (est)Series B2014Series B · 2016-10-28 Raised $1.3M (real) Modeled valuation $28M (est)Series B2016+$16M+$9.4M+$19M+$5.3M+$34M+$1.3MCumulative $101M

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
Series B$16.1M · 2009
Series B extension$16.1M · 2009
Bridge · Series B-stage$9.4M · 2009smaller follow-on
Series B extension$18.6M · 2009
Bridge · Series B-stage$5.3M · 2009smaller follow-on
Series B extension$33.8M · 2014
Series B extension$1.3M · 2016

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$28.4M
Base estimate est.
$3.0M
Conservative case
$109.3M
Upside case
$7.1M
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 health care sector profile. Directional, not a quoted figure.

Series B · modeled $356.3M · 2009-09-032009Series B · modeled $356.3M · 2009-09-03Series A · modeled $189.7M · 2009-09-03Series B · modeled $411.7M · 2009-09-03Series A · modeled $106.1M · 2009-09-03Series B · modeled $749.8M · 2014-05-20Series B · modeled $28.4M · 2016-10-282016
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.36×/yr
Annual markup
1.64×/yr upside case
6.0 yr
Elapsed time used
9.7 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$7.5M/yr
Capital velocity
16.8 yr
On record since
2009
First round
7
Rounds on file
How it compares to the market

Benchmarked against 5376 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) 22× above median
This company$53.7M
Sector median$2.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$1.3M
Sector median$17.8M
Modeled value — vs sector median (estimate, all stages) 1.3× above median
This company$28.4M
Sector median$22.1M

Raised more than 93% of sector peers (real $). Modeled value above 56% 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 #72 of 74.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Podicare Services, Inc. · Series B Raised $40.0M · modeled $886.2M (est)COTA, Inc. · Series B Raised $43.8M · modeled $886.2M (est)Fresenius Medical Care - Meridian Health System, LLC · Series B Raised $39.0M · modeled $863.9M (est)Headspace, Inc. · Series B Raised $115.9M · modeled $860.6M (est)Spine Holdings LLC · Series B Raised $38.4M · modeled $851.6M (est)Chrono Therapeutics Inc. · Series B Raised $51.4M · modeled $833.2M (est)MedCPU, Inc. · Series B Raised $36.6M · modeled $776.2M (est)Capital Funding Bancorp, Inc. · Series B Raised $35.0M · modeled $775.4M (est)Phreesia, Inc. · Series B Raised $83.8M · modeled $753.2M (est)Labconnect Holdings, Inc. · Series B Raised $33.4M · modeled $739.0M (est)Zoonie, LLC · Series B Raised $52.0M · modeled $708.1M (est)Sotera Wireless, Inc. · Series B Raised $98.5M · modeled $705.3M (est)Spinal Kinetics Inc (this company) Raised $53.7M · modeled $28.4M (est)Spinal Kinetics Inc
CompanyStageRaised · realValue · estvs peer med.
Podicare Services, Inc.Series B$40.0M$886.2M1.98×
COTA, Inc.Series B$43.8M$886.2M1.98×
Fresenius Medical Care - Meridian Health System, LLCSeries B$39.0M$863.9M1.93×
Headspace, Inc.Series B$115.9M$860.6M1.92×
Spine Holdings LLCSeries B$38.4M$851.6M1.90×
Chrono Therapeutics Inc.Series B$51.4M$833.2M1.86×
MedCPU, Inc.Series B$36.6M$776.2M1.73×
Capital Funding Bancorp, Inc.Series B$35.0M$775.4M1.73×
Phreesia, Inc.Series B$83.8M$753.2M1.68×
Labconnect Holdings, Inc.Series B$33.4M$739.0M1.65×
Zoonie, LLCSeries B$52.0M$708.1M1.58×
Sotera Wireless, Inc.Series B$98.5M$705.3M1.58×
Spinal Kinetics Inc this companySeries B$53.7M$28.4M0.06×
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.
Series B$16.1M2009-09-03$89.4M$356.3M85%
Series B$16.1M2009-09-03$89.4M$356.3M85%
Series A$9.4M2009-09-03$42.7M$189.7M85%
Series B$18.6M2009-09-03$103.2M$411.7M85%
Series A$5.3M2009-09-03$23.9M$106.1M85%
Series B$33.8M2014-05-20$188.0M$749.8M85%
Series B$1.3M2016-10-28$7.1M$28.4M90%
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. Series B$16.1M2009-09-03
    • First recorded raise — entered as Series B.
    • 20 investors on this round.
  2. Series B$16.1M2009-09-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 20 investors on this round.
  3. Series A$9.4M2009-09-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 25 investors on this round.
  4. Series B$18.6M2009-09-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× larger than the prior — scaling up.
    • 27 investors on this round.
  5. Series A$5.3M2009-09-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.5× smaller than the prior — bridge or down round.
    • 20 investors on this round.
  6. Series B$33.8M2014-05-20
    • Raised again after 57 mo — slower than the ~14 mo sector norm.
    • Round 6.4× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 33 investors on this round.
  7. Series B$1.3M2016-10-28
    • Raised again after 29 mo — slower than the ~14 mo sector norm.
    • Round 26.4× smaller than the prior — bridge or down round.
    • 14 investors on this round.
Intelligence
2018 ~Q1
Modeled next raise · ~14mo cadence
$1.3M
Modeled next size est.range $1.3M$2.1M
0.0×
Last step-up
$7.5M/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
Richard Ferrari14 other2009-09
David Milne6 other2009-09
Al Wiegman4 other2009-09
Mark Brooks4 other2009-09
Dan Galles2 other2014-05
Peter Van Der Velden2 other2014-05
David A. Milne1 other2016-10
Mark A. Brooks1 other2016-10
Nandini Tandon1 other2009-09
Richard A. Ferrari1 other2016-10
Thomas A. Afzal1 other2016-10
George Wallance2009-09
John Tran2009-09
Ken Anstey2009-09
Michael A. Gandy2016-10
Peter A. Van Der Velden2016-10
Thomas Afzal2014-05
Tom Afzal2009-09
Yumin A. Choi2016-10
Registry & provenance

Spinal Kinetics 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
1289075
SEC CIK
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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
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Smart Spinal Solutions, Inc.Other Health CarePre-Seed$13.9M86%
Spineovations, Inc.Other Health CarePre-Seed$3.9M85%
Ortho Kinematics, Inc.Other Health CareSeries B$9.1M85%
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Frequently asked
How much funding has Spinal Kinetics Inc raised?
Spinal Kinetics Inc has raised approximately $53.7M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Spinal Kinetics Inc's estimated valuation?
Provath's modeled valuation for Spinal Kinetics Inc is approximately $28.4M (modeled range $3.0M–$109.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spinal Kinetics Inc at?
Spinal Kinetics Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Oct 28.
What does Spinal Kinetics Inc do and where is it based?
Spinal Kinetics Inc operates in the Other Health Care sector, based in SUNNYVALE.
Explore related

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