Companies · Other Health Care

Spinogenix, Inc.

LOS ANGELES · Other Health Care

Diligence memoA one-page analyst read on Spinogenix, Inc. — recommendation, valuation, rhythm, risks.
$24.7M
Total raised · real
7
Rounds
3.8×
Latest step-up
Top 15%
Sector rank · raised
Series A
Latest stage · inferred · Fri Nov 21 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Spinogenix, Inc. looks over-valued against its niche peers and is active 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 1.90× the median modeled value of Series A Other Health Care companies in 2025–2027 (83 peers) — value vs value, same stage and era.
Active
  • Last raise 7 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Spinogenix, Inc. is one of 5377 Other Health Care companies tracked from LOS ANGELES. By capital raised it ranks in the upper tier (ahead of 86% 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
5
Investors (latest)
2025-11-21
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 · 2017-09-20 Raised $903K (real) Modeled valuation $28M (est)Pre-Seed2017Pre-Seed · 2017-09-20 Raised $100K (real) Modeled valuation $3.1M (est)Pre-Seed2017Pre-Seed · 2019-08-29 Raised $250K (real) Modeled valuation $7.7M (est)Pre-Seed2019Seed · 2021-02-19 Raised $1.6M (real) Modeled valuation $29M (est)Seed2021Seed · 2022-09-01 Raised $3.3M (real) Modeled valuation $33M (est)Seed2022Seed · 2022-09-01 Raised $3.3M (real) Modeled valuation $33M (est)Seed2022Series A · 2023-07-27 Raised $5.2M (real) Modeled valuation $35M (est)Series A2023Series A · 2024-06-10 Raised $2.8M (real) Modeled valuation $14M (est)Series A2024Series A · 2025-11-21 Raised $11M (real) Modeled valuation $31M (est)Series A2025+$100K+$250K+$1.6M+$3.3M+$3.3M+$5.2M+$2.8M+$11MCumulative $28M

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$903K · 2017
Pre-Seed extension$100K · 2017
Pre-Seed extension$250K · 2019
Seed$1.6M · 2021
Seed extension$3.3M · 2022
Seed extension$3.3M · 2022
Series A$5.2M · 2023
Series A extension$2.8M · 2024
Series A extension$10.6M · 2025

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

Modeled valuation trajectory
$31.0M
Base estimate est.
$13.6M
Conservative case
$48.7M
Upside case
$48.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $27.8M · 2017-09-202017Pre-Seed · modeled $3.1M · 2017-09-20Pre-Seed · modeled $7.7M · 2019-08-29Seed · modeled $29.4M · 2021-02-19Seed · modeled $32.6M · 2022-09-01Seed · modeled $32.6M · 2022-09-01Series A · modeled $34.9M · 2023-07-27Series A · modeled $13.8M · 2024-06-10Series A · modeled $31.0M · 2025-11-212025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.43×/yr
Annual markup
1.80×/yr upside case
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$3.0M/yr
Capital velocity
8.8 yr
On record since
2017
First round
9
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) 10× above median
This company$24.7M
Sector median$2.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.9× above median
This company$10.6M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 1.4× above median
This company$31.0M
Sector median$22.1M

Raised more than 86% of sector peers (real $). Modeled value above 59% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #15 of 83.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)HelloJoy, Inc. · Series A Raised $26.3M · modeled $55.1M (est)Maui Imaging, Inc. · Series A Raised $29.9M · modeled $51.0M (est)Celltrio, Inc. · Series A Raised $15.0M · modeled $50.8M (est)Medmo, Inc. · Series A Raised $31.7M · modeled $44.7M (est)Vertical Orthopaedics, Inc. · Series A Raised $16.7M · modeled $44.0M (est)AbriCare, Inc. · Series A Raised $15.0M · modeled $39.1M (est)WP Stillwater, LLC · Series A Raised $14.3M · modeled $38.1M (est)Sylke, Inc. · Series A Raised $15.9M · modeled $37.6M (est)Iridex Corp · Series A Raised $10.0M · modeled $37.3M (est)2GHealth Inc. · Series A Raised $17.5M · modeled $35.7M (est)Okc Alf 4, Llc · Series A Raised $8.9M · modeled $34.5M (est)HC Jones, Inc. · Series A Raised $14.1M · modeled $33.4M (est)Spinogenix, Inc. (this company) Raised $24.7M · modeled $31.0M (est)Spinogenix, Inc.
CompanyStageRaised · realValue · estvs peer med.
HelloJoy, Inc.Series A$26.3M$55.1M3.37×
Maui Imaging, Inc.Series A$29.9M$51.0M3.12×
Celltrio, Inc.Series A$15.0M$50.8M3.11×
Medmo, Inc.Series A$31.7M$44.7M2.74×
Vertical Orthopaedics, Inc.Series A$16.7M$44.0M2.69×
AbriCare, Inc.Series A$15.0M$39.1M2.39×
WP Stillwater, LLCSeries A$14.3M$38.1M2.33×
Sylke, Inc.Series A$15.9M$37.6M2.30×
Iridex CorpSeries A$10.0M$37.3M2.28×
2GHealth Inc.Series A$17.5M$35.7M2.18×
Okc Alf 4, LlcSeries A$8.9M$34.5M2.11×
HC Jones, Inc.Series A$14.1M$33.4M2.04×
Spinogenix, Inc. this companySeries A$24.7M$31.0M1.90×
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.
Pre-Seed$903K2017-09-20$5.0M$27.8M90%
Pre-Seed$100K2017-09-20$556K$3.1M90%
Pre-Seed$250K2019-08-29$1.4M$7.7M90%
Seed$1.6M2021-02-19$7.8M$29.4M90%
Seed$3.3M2022-09-01$16.7M$32.6M90%
Seed$3.3M2022-09-01$16.7M$32.6M90%
Series A$5.2M2023-07-27$23.6M$34.9M90%
Series A$2.8M2024-06-10$12.7M$13.8M90%
Series A$10.6M2025-11-21$48.2M$31.0M90%
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$903K2017-09-20
    • First recorded raise — entered as Pre-Seed.
    • 10 investors on this round.
  2. Pre-Seed$100K2017-09-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 9.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Pre-Seed$250K2019-08-29
    • Raised again after 23 mo — slower than the ~14 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 12 investors on this round.
  4. Seed$1.6M2021-02-19
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 6.2× larger than the prior — scaling up.
    • 22 investors on this round.
  5. Seed$3.3M2022-09-01
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 3 investors on this round.
  6. Seed$3.3M2022-09-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  7. Series A$5.2M2023-07-27
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 3 investors on this round.
  8. Series A$2.8M2024-06-10
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  9. Series A$10.6M2025-11-21
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 5 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~12mo cadence
$31.8M
Modeled next size est.range $20.7M$50.9M
3.8×
Last step-up
$3.0M/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
Franz Hefti5 other2017-09
Jerre L. Stead3 other2025-11
Josh Swartz2 other2017-09
Steve Young2 other2025-11
Stella Sarraf1 other2017-09
Vincent Simmon1 other2019-08
Dan Whitney Albosta2024-06
Jerre Whitney Stead2024-06
Mervyn Turner, Ph.D.2025-11
Mervyn Whitney Turner2023-07
Peter Vanderklish2021-02
Peter Whitney Vanderklish2019-08
Stella Sarraf, Ph.D.2025-11
Registry & provenance

Spinogenix, 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
1718198
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
Amydis, Inc.BiotechnologySeries A$14.7M$20.5Mnetwork2 shared operators · same stage
Emerging Therapy Solutions, Inc.Other Health CareSeries A$24.3M$26.9Msame sector · same stage
Yuvo, Inc.Other Health CareSeries A$25.6M$34.0Msame sector · same stage
TearLab CorpOther Health CareSeries A$23.5M$35.3Msame sector · same stage
ProMed IncOther Health CareSeries A$21.9M$30.3Msame sector · same stage
UnifiHealth CorpOther Health CareSeries A$21.2M$31.4Msame sector · same stage
Hygieia IncOther Health CareSeries A$20.7M$26.6Msame sector · same stage
WellSense, Inc.Other Health CareSeries A$31.8M$31.0Msame 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
SpIntellx, Inc.Other Health CarePre-Seed$4.0M90%
Genomedx Inc.Other Health CareSeries B$176.3M85%
Somatix, Inc.Other Health CareSeries A$8.1M85%
Endotronix IncOther Health CareSeries C$1.6B85%
ProPedix, Inc.Other Health CarePre-Seed$2.8M84%
Endogenex, Inc.Other Health CareSeries C$576.1M84%
Xymogen, Inc.Other Health CareSeed$12.3M84%
Spinnaker Biosciences, Inc.Biotech / PharmaPre-Seed$2.4M84%
Frequently asked
How much funding has Spinogenix, Inc. raised?
Spinogenix, Inc. has raised approximately $24.7M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Spinogenix, Inc.'s estimated valuation?
Provath's modeled valuation for Spinogenix, Inc. is approximately $31.0M (modeled range $13.6M–$48.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spinogenix, Inc. at?
Spinogenix, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Nov 21.
What does Spinogenix, Inc. do and where is it based?
Spinogenix, Inc. operates in the Other Health Care sector, based in LOS ANGELES.
Explore related

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

Is this your company?

If you work at Spinogenix, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.