Companies · Biotechnology

Svelte Medical Systems Inc

NEW PROVIDENCE · Biotechnology

Diligence memoA one-page analyst read on Svelte Medical Systems Inc — recommendation, valuation, rhythm, risks.
$113.1M
Total raised · real
9
Rounds
1.8×
Latest step-up
Top 10%
Sector rank · raised
Series C
Latest stage · inferred · Fri Apr 23 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Svelte Medical Systems 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 biotech 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 0.08× the median modeled value of Series C Biotechnology companies in 2019–2021 (120 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.2 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 Biotechnology

Svelte Medical Systems Inc is one of 4293 Biotechnology companies tracked from NEW PROVIDENCE. By capital raised it ranks among the largest (ahead of 91% 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)
2021-04-23
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$1.3B$2.5B$3.8B$5.0BSeries A · 2009-01-29 Raised $6.3M (real) Modeled valuation $227M (est)Series A2009Series A · 2009-11-17 Raised $6.0M (real) Modeled valuation $217M (est)Series A · 2009-11-17 Raised $4.2M (real) Modeled valuation $150M (est)Series A2009Series A · 2010-10-14 Raised $9.7M (real) Modeled valuation $350M (est)Series A · 2010-10-14 Raised $4.5M (real) Modeled valuation $162M (est)Series A2010Series B · 2011-12-01 Raised $19M (real) Modeled valuation $746M (est)Series B · 2012-06-08 Raised $5.0M (real) Modeled valuation $198M (est)Series B2012Series B · 2013-04-18 Raised $4.3M (real) Modeled valuation $171M (est)Seed · 2013-04-18 Raised $1.8M (real) Modeled valuation $80M (est)Seed2013Series C · 2013-10-28 Raised $44M (real) Modeled valuation $1.8B (est)Series B · 2013-10-28 Raised $18M (real) Modeled valuation $712M (est)Series B2013Series C · 2013-10-28 Raised $50M (real) Modeled valuation $2.1B (est)Series B · 2013-10-28 Raised $38M (real) Modeled valuation $1.5B (est)Series B2013Series B · 2013-10-28 Raised $27M (real) Modeled valuation $1.1B (est)Seed · 2016-07-21 Raised $4.0M (real) Modeled valuation $178M (est)Seed2016Series C · 2016-07-21 Raised $12M (real) Modeled valuation $504M (est)Series C · 2017-11-15 Raised $3.0M (real) Modeled valuation $123M (est)Series C2017Series C · 2021-04-23 Raised $5.4M (real) Modeled valuation $164M (est)Cumulative $263M

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 A$6.3M · 2009
Series A extension$6.0M · 2009
Series A extension$4.2M · 2009
Series A extension$9.7M · 2010
Series A extension$4.5M · 2010
Series B$18.8M · 2011
Series B extension$5.0M · 2012
Series B extension$4.3M · 2013
Bridge · Series B-stage$1.8M · 2013smaller follow-on
Series C$44.4M · 2013
Bridge · Series C-stage$17.9M · 2013smaller follow-on
Series C extension$50.4M · 2013
Bridge · Series C-stage$38.0M · 2013smaller follow-on
Bridge · Series C-stage$26.6M · 2013smaller follow-on
Bridge · Series C-stage$4.0M · 2016smaller follow-on
Series C extension$12.3M · 2016
Series C extension$3.0M · 2017
Series C extension$5.4M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 80%.

Modeled valuation trajectory
$163.8M
Base estimate est.
$16.8M
Conservative case
$386.2M
Upside case
$36.3M
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 biotech sector profile. Directional, not a quoted figure.

Series A · modeled $226.7M · 2009-01-292009Series A · modeled $216.9M · 2009-11-17Series A · modeled $150.1M · 2009-11-17Series A · modeled $350.5M · 2010-10-14Series A · modeled $162.4M · 2010-10-14Series B · modeled $745.6M · 2011-12-01Series B · modeled $198.4M · 2012-06-08Series B · modeled $171.0M · 2013-04-18Seed · modeled $80.4M · 2013-04-18Series C · modeled $1.8B · 2013-10-28Series B · modeled $711.7M · 2013-10-28Series C · modeled $2.1B · 2013-10-28Series B · modeled $1.5B · 2013-10-28Series B · modeled $1.1B · 2013-10-28Seed · modeled $177.6M · 2016-07-21Series C · modeled $503.8M · 2016-07-21Series C · modeled $122.9M · 2017-11-15Series C · modeled $163.8M · 2021-04-232021
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
62%
Survival probability
46% low · 72% high
1.46×/yr
Annual markup
1.68×/yr upside case
5.2 yr
Elapsed time used
5.2 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$9.2M/yr
Capital velocity
17.4 yr
On record since
2009
First round
18
Rounds on file
How it compares to the market

Benchmarked against 4293 companies in Biotechnology. 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) 16× above median
This company$113.1M
Sector median$7.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.1× of median
This company$5.4M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 2.6× above median
This company$163.8M
Sector median$64.2M

Raised more than 91% of sector peers (real $). Modeled value above 68% 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 #117 of 120.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Stem Biotech LLC · Series C Raised $100.0M · modeled $4.1B (est)Kinnate Biopharma Inc. · Series C Raised $172.5M · modeled $3.9B (est)Arcutis Biotherapeutics, Inc. · Series C Raised $94.5M · modeled $3.9B (est)DNA Research INST LLC · Series C Raised $94.5M · modeled $3.7B (est)M3 Biotechnology, Inc. · Series C Raised $107.3M · modeled $3.6B (est)Checkmate Pharmaceuticals, Inc. · Series C Raised $185.1M · modeled $3.5B (est)Black Diamond Therapeutics, Inc. · Series C Raised $146.3M · modeled $3.5B (est)Finch Therapeutics Group, Inc. · Series C Raised $179.9M · modeled $3.5B (est)Shattuck Labs, Inc. · Series C Raised $165.4M · modeled $3.4B (est)TScan Therapeutics, Inc. · Series C Raised $123.3M · modeled $3.3B (est)Edgewise Therapeutics, Inc. · Series C Raised $120.1M · modeled $3.3B (est)Miragen Therapeutics, Inc. · Series C Raised $197.8M · modeled $3.3B (est)Svelte Medical Systems Inc (this company) Raised $113.1M · modeled $163.8M (est)Svelte Medical Systems Inc
CompanyStageRaised · realValue · estvs peer med.
Stem Biotech LLCSeries C$100.0M$4.1B2.11×
Kinnate Biopharma Inc.Series C$172.5M$3.9B2.02×
Arcutis Biotherapeutics, Inc.Series C$94.5M$3.9B1.99×
DNA Research INST LLCSeries C$94.5M$3.7B1.88×
M3 Biotechnology, Inc.Series C$107.3M$3.6B1.88×
Checkmate Pharmaceuticals, Inc.Series C$185.1M$3.5B1.79×
Black Diamond Therapeutics, Inc.Series C$146.3M$3.5B1.79×
Finch Therapeutics Group, Inc.Series C$179.9M$3.5B1.78×
Shattuck Labs, Inc.Series C$165.4M$3.4B1.75×
TScan Therapeutics, Inc.Series C$123.3M$3.3B1.72×
Edgewise Therapeutics, Inc.Series C$120.1M$3.3B1.70×
Miragen Therapeutics, Inc.Series C$197.8M$3.3B1.69×
Svelte Medical Systems Inc this companySeries C$113.1M$163.8M0.08×
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 A$6.3M2009-01-29$28.5M$226.7M85%
Series A$6.0M2009-11-17$27.3M$216.9M85%
Series A$4.2M2009-11-17$18.9M$150.1M85%
Series A$9.7M2010-10-14$44.1M$350.5M85%
Series A$4.5M2010-10-14$20.4M$162.4M85%
Series B$18.8M2011-12-01$104.4M$745.6M85%
Series B$5.0M2012-06-08$27.8M$198.4M85%
Series B$4.3M2013-04-18$23.9M$171.0M85%
Seed$1.8M2013-04-18$9.0M$80.4M85%
Series C$44.4M2013-10-28$296.0M$1.8B85%
Series B$17.9M2013-10-28$99.6M$711.7M85%
Series C$50.4M2013-10-28$336.0M$2.1B85%
Series B$38.0M2013-10-28$211.2M$1.5B85%
Series B$26.6M2013-10-28$148.0M$1.1B85%
Seed$4.0M2016-07-21$20.0M$177.6M85%
Series C$12.3M2016-07-21$82.0M$503.8M90%
Series C$3.0M2017-11-15$20.0M$122.9M90%
Series C$5.4M2021-04-23$36.3M$163.8M90%
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. Series A$6.3M2009-01-29
    • First recorded raise — entered as Series A.
    • 25 investors on this round.
  2. Series A$6.0M2009-11-17
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
  3. Series A$4.2M2009-11-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 22 investors on this round.
  4. Series A$9.7M2010-10-14
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • Revenue band moved No revenue → $0–$1M.
    • 22 investors on this round.
  5. Series A$4.5M2010-10-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  6. Series B$18.8M2011-12-01
    • Raised 14 mo later, in step with the ~14 mo sector norm.
    • Round 4.2× larger than the prior — scaling up.
    • 22 investors on this round.
  7. Series B$5.0M2012-06-08
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 3.8× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  8. Series B$4.3M2013-04-18
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  9. Seed$1.8M2013-04-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  10. Series C$44.4M2013-10-28
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 24.5× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 37 investors on this round.
  11. Series B$17.9M2013-10-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 26 investors on this round.
  12. Series C$50.4M2013-10-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.8× larger than the prior — scaling up.
    • 39 investors on this round.
  13. Series B$38.0M2013-10-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 30 investors on this round.
  14. Series B$26.6M2013-10-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 27 investors on this round.
  15. Seed$4.0M2016-07-21
    • Raised again after 33 mo — slower than the ~14 mo sector norm.
    • Round 6.7× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  16. Series C$12.3M2016-07-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.1× larger than the prior — scaling up.
    • 9 investors on this round.
  17. Series C$3.0M2017-11-15
    • Raised 16 mo later, in step with the ~14 mo sector norm.
    • Round 4.1× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  18. Series C$5.4M2021-04-23
    • Raised again after 41 mo — slower than the ~14 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 17 investors on this round.
Intelligence
2022 ~Q1
Modeled next raise · ~9mo cadence
$9.9M
Modeled next size est.range $6.4M$15.8M
1.8×
Last step-up
$9.2M/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
Somu Subramaniam16 other2021-04
ROBERT CROCE6 other2021-04
David Fischell5 other2009-01
Robert Fischell5 other2009-01
Robert E. Fischell4 other2009-11
Phillip D. Torrence3 other2009-01
Robert Flanagan3 other2009-01
Tim A Fischell3 other2009-01
David R. Fischell2 other2009-11
Mark Pomeranz2 other2009-01
Dan Bowen1 other2009-01
Fernando Di Caprio1 other2009-01
Joseph A. Smith1 other2013-10
Mina P. Sooch1 other2009-01
Richard T Spencer1 other2012-06
Robert A. Croce1 other2013-10
Dan R. Bowen2009-11
Jack A. Darby2013-10
Jack Darby2021-04
Jack T. Darby2013-04
Janet Burpee2009-01
Mark A Kielek2012-06
Mark A. Pomeranz2009-11
Mark D. Kielek2009-11
Registry & provenance

Svelte Medical Systems 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
1396555
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
Vigene Biosciences, Inc.BiotechnologySeries A$108.5M86%
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Serimmune Inc.BiotechnologySeries A$83.5M85%
Magnus Medical, Inc.BiotechnologySeries C$153.8M85%
SV-MEDTECH Inc.BiotechnologyPre-Seed$33.1M85%
VerImmune, Inc.BiotechnologySeries A$21.9M84%
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Frequently asked
How much funding has Svelte Medical Systems Inc raised?
Svelte Medical Systems Inc has raised approximately $113.1M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Svelte Medical Systems Inc's estimated valuation?
Provath's modeled valuation for Svelte Medical Systems Inc is approximately $163.8M (modeled range $16.8M–$386.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Svelte Medical Systems Inc at?
Svelte Medical Systems Inc's latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Apr 23.
What does Svelte Medical Systems Inc do and where is it based?
Svelte Medical Systems Inc operates in the Biotechnology sector, based in NEW PROVIDENCE.
Explore related

See where Svelte Medical Systems 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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