Companies · Other Health Care

SpineForm LLC

CINCINNATI · Other Health Care

Diligence memoA one-page analyst read on SpineForm LLC — recommendation, valuation, rhythm, risks.
$1.5M
Total raised · real
3
Rounds
1.2×
Latest step-up
Top 58%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon Sep 08 2014 00:00:00 GMT+0000 (Coordinated Universal Time)

SpineForm LLC looks over-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.

Over-valued
  • Modeled value is 1.68× the median modeled value of Pre-Seed Other Health Care companies in 2013–2015 (343 peers) — value vs value, same stage and era.
Dormant
  • Last raise 11.8 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

SpineForm 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
15.9 yr record
Peak capital year was 2010 with $1.0M across 2 filings.
Market position
ahead of 43% of Other Health Care peers
Capital scale is ahead of 43% of Other Health Care peers; modeled value is above 45% 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: $1.0M across 2 filings.
  • Largest single filing was $545K on 2014-09-08.
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

SpineForm LLC is one of 5376 Other Health Care companies tracked from CINCINNATI. By capital raised it ranks mid-pack (ahead of 43% 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
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$5.0M$10M$15M$20MPre-Seed · 2010-08-19 Raised $539K (real) Modeled valuation $17M (est)$539K$17MPre-Seed2010Pre-Seed · 2010-08-19 Raised $464K (real) Modeled valuation $14M (est)$464K$14MPre-Seed2010Pre-Seed · 2014-09-08 Raised $545K (real) Modeled valuation $17M (est)$545K$17MPre-Seed2014+$464K+$545KCumulative $1.5M

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$539K · 2010
Pre-Seed extension$464K · 2010
Pre-Seed extension$545K · 2014

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

Modeled valuation trajectory
$16.8M
Base estimate est.
$341K
Conservative case
$190.3M
Upside case
$3.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $16.6M · 2010-08-192010Pre-Seed · modeled $14.3M · 2010-08-19Pre-Seed · modeled $16.8M · 2014-09-082014
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.64×/yr
Annual markup
2.23×/yr upside case
6.0 yr
Elapsed time used
11.8 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
24 mo
Avg between rounds
$382K/yr
Capital velocity
15.9 yr
On record since
2010
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) 0.6× of median
This company$1.5M
Sector median$2.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.6× above median
This company$545K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$16.8M
Sector median$22.1M

Raised more than 43% of sector peers (real $). Modeled value above 45% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #95 of 343.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Optimized Care Network, LLC · Pre-Seed Raised $1.0M · modeled $30.8M (est)Sensiotec Inc. · Pre-Seed Raised $1.0M · modeled $30.8M (est)In2Bones Usa, Llc · Pre-Seed Raised $1.0M · modeled $30.8M (est)Medinvus, LLC · Pre-Seed Raised $1.0M · modeled $30.8M (est)ERG Holding Company, LLC · Pre-Seed Raised $1.0M · modeled $30.8M (est)Phoenix Clinical Inc. · Pre-Seed Raised $1.0M · modeled $30.8M (est)Versaworks, Inc. · Pre-Seed Raised $1.0M · modeled $30.8M (est)Nath Holdings, LLC · Pre-Seed Raised $1.0M · modeled $30.8M (est)PSI Premier Specialties, Inc. · Pre-Seed Raised $1.0M · modeled $30.8M (est)SKYMEDICUS, Inc. · Pre-Seed Raised $1.0M · modeled $30.8M (est)Pure Life Renal LLC · Pre-Seed Raised $1.5M · modeled $30.8M (est)Ludi, Inc. · Pre-Seed Raised $1.0M · modeled $30.8M (est)SpineForm LLC (this company) Raised $1.5M · modeled $16.8M (est)SpineForm LLC
CompanyStageRaised · realValue · estvs peer med.
Optimized Care Network, LLCPre-Seed$1.0M$30.8M3.08×
Sensiotec Inc.Pre-Seed$1.0M$30.8M3.08×
In2Bones Usa, LlcPre-Seed$1.0M$30.8M3.08×
Medinvus, LLCPre-Seed$1.0M$30.8M3.08×
ERG Holding Company, LLCPre-Seed$1.0M$30.8M3.08×
Phoenix Clinical Inc.Pre-Seed$1.0M$30.8M3.08×
Versaworks, Inc.Pre-Seed$1.0M$30.8M3.08×
Nath Holdings, LLCPre-Seed$1.0M$30.8M3.08×
PSI Premier Specialties, Inc.Pre-Seed$1.0M$30.8M3.08×
SKYMEDICUS, Inc.Pre-Seed$1.0M$30.8M3.08×
Pure Life Renal LLCPre-Seed$1.5M$30.8M3.08×
Ludi, Inc.Pre-Seed$1.0M$30.8M3.08×
SpineForm LLC this companyPre-Seed$1.5M$16.8M1.68×
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$539K2010-08-19$3.0M$16.6M90%
Pre-Seed$464K2010-08-19$2.6M$14.3M90%
Pre-Seed$545K2014-09-08$3.0M$16.8M90%
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$539K2010-08-19
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$464K2010-08-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  3. Pre-Seed$545K2014-09-08
    • Raised again after 49 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
Intelligence
2016 ~Q3
Modeled next raise · ~24mo cadence
$639K
Modeled next size est.range $545K$1.0M
1.2×
Last step-up
$382K/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
John Habbert4 other2014-09
Mike Venerable2 other2014-09
Richard Grant2 other2014-09
Joseph Reynolds1 other2014-09
Nicole Robinson1 other2014-09
Richard J. D'Augustine1 other2010-08
Clint J. Dederick2010-08
Dee J. Ellingwood2010-08
Joseph E. Reynolds2010-08
Nicole J. Robinson2010-08
Richard J. Grant2010-08
Registry & provenance

SpineForm 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
1385367
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
DigitalVision LLCOther Health CarePre-Seed$1.6M$15.6Msame sector · same stage
WhiteCloud Analytics, Inc.Other Health CarePre-Seed$1.5M$17.2Msame sector · same stage
American Medical Co-op, LLCOther Health CarePre-Seed$1.6M$18.9Msame sector · same stage
Dentures Today, Inc.Other Health CarePre-Seed$1.6M$15.9Msame sector · same stage
Streamline, Inc.Other Health CarePre-Seed$1.5M$14.7Msame sector · same stage
enhancedcare, Inc.Other Health CarePre-Seed$1.6M$15.6Msame sector · same stage
Nirvana Sciences, Inc.Other Health CarePre-Seed$1.7M$17.4Msame sector · same stage
Applied BioMath, LLCOther Health CarePre-Seed$1.4M$15.6Msame sector · same stage
Frequently asked
How much funding has SpineForm LLC raised?
SpineForm LLC has raised approximately $1.5M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is SpineForm LLC's estimated valuation?
Provath's modeled valuation for SpineForm LLC is approximately $16.8M (modeled range $341K–$190.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is SpineForm LLC at?
SpineForm LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon Sep 08.
What does SpineForm LLC do and where is it based?
SpineForm LLC operates in the Other Health Care sector, based in CINCINNATI.
Explore related

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