Companies · Other Health Care

Spinal Modulation Inc

MENLO PARK · Other Health Care

Diligence memoA one-page analyst read on Spinal Modulation Inc — recommendation, valuation, rhythm, risks.
$76.3M
Total raised · real
3
Rounds
24.1×
Latest step-up
Top 6%
Sector rank · raised
Series C
Latest stage · inferred · Fri Jun 07 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Spinal Modulation Inc looks fair 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.

Fair
  • Modeled value is 0.90× the median modeled value of Series C Other Health Care companies in 2013–2015 (33 peers) — value vs value, same stage and era.
  • Within the normal band (90% of peer median) for its niche.
Dormant
  • Last raise 13.1 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 Modulation Inc is one of 5376 Other Health Care companies tracked from MENLO PARK. By capital raised it ranks among the largest (ahead of 95% of sector peers), and among the largest 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$500M$1.0B$1.5B$2.0BSeries B · 2011-06-09 Raised $29M (real) Modeled valuation $652M (est)$29M$652MSeries B2011Series B · 2013-02-28 Raised $1.9M (real) Modeled valuation $41M (est)$1.9M$41MSeries B2013Series C · 2013-06-07 Raised $45M (real) Modeled valuation $1.0B (est)$45M$1.0BSeries C2013+$1.9M+$45MCumulative $76M

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$29.4M · 2011
Series B extension$1.9M · 2013
Series C$45.0M · 2013

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$1.0B
Base estimate est.
$163.6M
Conservative case
$2.7B
Upside case
$300.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Series B · modeled $651.9M · 2011-06-092011Series B · modeled $41.4M · 2013-02-28Series C · modeled $1.0B · 2013-06-072013
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
73%
Survival probability
55% low · 85% high
1.29×/yr
Annual markup
1.48×/yr upside case
6.0 yr
Elapsed time used
13.1 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$38.2M/yr
Capital velocity
15.1 yr
On record since
2011
First round
3
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) 31× above median
This company$76.3M
Sector median$2.4M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.0× of median
This company$45.0M
Sector median$45.9M
Modeled value — vs sector median (estimate, all stages) 47× above median
This company$1.0B
Sector median$22.1M

Raised more than 95% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #22 of 33.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)ACON IWP Holdings, L.L.C. · Series C Raised $91.8M · modeled $2.1B (est)Erc Group Holdings, Llc · Series C Raised $91.7M · modeled $2.1B (est)Cpf Senior Living Holdings, Llc · Series C Raised $158.4M · modeled $2.0B (est)Corvus Pharmaceuticals, Inc. · Series C Raised $87.7M · modeled $1.7B (est)TVG-SHC Holdings, LLC · Series C Raised $70.4M · modeled $1.6B (est)Wave Life Sciences Pte Ltd · Series C Raised $77.8M · modeled $1.5B (est)Sequel Youth & Family Services, LLC · Series C Raised $97.8M · modeled $1.5B (est)MedSynergies, Inc. · Series C Raised $118.0M · modeled $1.5B (est)HALT Medical, Inc · Series C Raised $177.7M · modeled $1.4B (est)Med Fusion, LLC · Series C Raised $92.9M · modeled $1.4B (est)Data Driven Delivery Systems, LLC · Series C Raised $67.0M · modeled $1.4B (est)Remedy Partners, Inc. · Series C Raised $110.0M · modeled $1.4B (est)Spinal Modulation Inc (this company) Raised $76.3M · modeled $1.0B (est)Spinal Modulation Inc
CompanyStageRaised · realValue · estvs peer med.
ACON IWP Holdings, L.L.C.Series C$91.8M$2.1B1.84×
Erc Group Holdings, LlcSeries C$91.7M$2.1B1.83×
Cpf Senior Living Holdings, LlcSeries C$158.4M$2.0B1.72×
Corvus Pharmaceuticals, Inc.Series C$87.7M$1.7B1.50×
TVG-SHC Holdings, LLCSeries C$70.4M$1.6B1.41×
Wave Life Sciences Pte LtdSeries C$77.8M$1.5B1.32×
Sequel Youth & Family Services, LLCSeries C$97.8M$1.5B1.32×
MedSynergies, Inc.Series C$118.0M$1.5B1.30×
HALT Medical, IncSeries C$177.7M$1.4B1.27×
Med Fusion, LLCSeries C$92.9M$1.4B1.22×
Data Driven Delivery Systems, LLCSeries C$67.0M$1.4B1.22×
Remedy Partners, Inc.Series C$110.0M$1.4B1.20×
Spinal Modulation Inc this companySeries C$76.3M$1.0B0.90×
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$29.4M2011-06-09$163.5M$651.9M90%
Series B$1.9M2013-02-28$10.4M$41.4M90%
Series C$45.0M2013-06-07$300.0M$1.0B90%
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$29.4M2011-06-09
    • First recorded raise — entered as Series B.
  2. Series B$1.9M2013-02-28
    • Raised again after 21 mo — slower than the ~14 mo sector norm.
    • Round 15.7× smaller than the prior — bridge or down round.
  3. Series C$45.0M2013-06-07
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 24.1× larger than the prior — scaling up.
Intelligence
2014 ~Q2
Modeled next raise · ~12mo cadence
$135.0M
Modeled next size est.range $87.8M$216.0M
24.1×
Last step-up
$38.2M/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
Annette Campbell-White10 other2013-02
Mir Imran5 other2013-02
Richard M. Ferrari4 other2013-02
V. Kadir Kadhiresan4 other2013-02
Annette S. Campbell-White2011-06
Dana G. Mead2011-06
Danna G. Mead2013-02
David S. Wood2011-06
Mir S. Imran2011-06
Richard S. Ferrari2011-06
V. Kadir S. Kadhiresan2011-06
Wayne G. Roe2011-06
Registry & provenance

Spinal Modulation 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
1349636
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
Benvenue Medical IncOther Health CareSeries B$69.1M$77.5Mnetwork1 shared operator · same sector
Sea Hunter Holdings, LLCOther Health CareSeries C$76.3M$1.7Bsame sector · same stage
RxSight, Inc.Other Health CareSeries C$76.4M$1.1Bsame sector · same stage
RMX Holdco, Inc.Other Health CareSeries C$76.6M$720.0Msame sector · same stage
OneOncology Management Holdco, LLCOther Health CareSeries C$75.2M$807.4Msame sector · same stage
R3 Vascular Inc.Other Health CareSeries C$75.2M$620.6Msame sector · same stage
iSchemaView, Inc.Other Health CareSeries C$75.0M$782.5Msame sector · same stage
Wave Life Sciences Pte LtdOther Health CareSeries C$77.8M$1.5Bsame sector · same stage
Frequently asked
How much funding has Spinal Modulation Inc raised?
Spinal Modulation Inc has raised approximately $76.3M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Spinal Modulation Inc's estimated valuation?
Provath's modeled valuation for Spinal Modulation Inc is approximately $1.0B (modeled range $163.6M–$2.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spinal Modulation Inc at?
Spinal Modulation Inc's latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Jun 07.
What does Spinal Modulation Inc do and where is it based?
Spinal Modulation Inc operates in the Other Health Care sector, based in MENLO PARK.
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