Companies · Biotechnology

Synaptive Medical Inc.

TORONTO · Biotechnology

Diligence memoA one-page analyst read on Synaptive Medical Inc. — recommendation, valuation, rhythm, risks.
$34.8M
Total raised · real
9
Rounds
1.0×
Latest step-up
Top 24%
Sector rank · raised
Series A
Latest stage · inferred · Tue Mar 26 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Synaptive Medical 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 biotech 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 1.00× the median modeled value of Series A Biotechnology companies in 2019–2021 (216 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Dormant
  • Last raise 7.3 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

Synaptive Medical Inc. is one of 4293 Biotechnology companies tracked from TORONTO. By capital raised it ranks in the upper tier (ahead of 77% of sector peers), and in the upper tier 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
1
Investors (latest)
2019-03-26
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$1.0BPre-Seed · 2014-11-21 Raised $887K (real) Modeled valuation $49M (est)Pre-Seed2014Seed · 2015-06-05 Raised $2.1M (real) Modeled valuation $93M (est)Seed2015Seed · 2015-12-15 Raised $2.1M (real) Modeled valuation $93M (est)Seed2015Seed · 2016-02-12 Raised $911K (real) Modeled valuation $40M (est)Seed2016Seed · 2016-09-24 Raised $3.4M (real) Modeled valuation $152M (est)Seed2016Seed · 2016-09-24 Raised $3.7M (real) Modeled valuation $165M (est)Seed2016Seed · 2016-12-23 Raised $901K (real) Modeled valuation $40M (est)Seed2016Series A · 2017-06-30 Raised $14M (real) Modeled valuation $514M (est)Series A2017Series A · 2018-11-28 Raised $5.0M (real) Modeled valuation $181M (est)Series A2018Series A · 2019-03-26 Raised $5.0M (real) Modeled valuation $181M (est)Series A2019+$2.1M+$2.1M+$911K+$3.4M+$3.7M+$901K+$14M+$5.0M+$5.0MCumulative $38M

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$887K · 2014
Seed$2.1M · 2015
Seed extension$2.1M · 2015
Seed extension$911K · 2016
Seed extension$3.4M · 2016
Seed extension$3.7M · 2016
Seed extension$901K · 2016
Series A$14.2M · 2017
Series A extension$5.0M · 2018
Series A extension$5.0M · 2019

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

Modeled valuation trajectory
$180.5M
Base estimate est.
$5.4M
Conservative case
$981.6M
Upside case
$22.7M
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 biotech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $49.0M · 2014-11-212014Seed · modeled $93.3M · 2015-06-05Seed · modeled $92.8M · 2015-12-15Seed · modeled $40.4M · 2016-02-12Seed · modeled $152.3M · 2016-09-24Seed · modeled $165.4M · 2016-09-24Seed · modeled $40.0M · 2016-12-23Series A · modeled $514.0M · 2017-06-30Series A · modeled $181.0M · 2018-11-28Series A · modeled $180.5M · 2019-03-262019
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
44%
Survival probability
24% low · 60% high
1.62×/yr
Annual markup
2.04×/yr upside case
6.0 yr
Elapsed time used
7.3 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$8.0M/yr
Capital velocity
11.6 yr
On record since
2014
First round
10
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) 4.8× above median
This company$34.8M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.9× of median
This company$5.0M
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 2.8× above median
This company$180.5M
Sector median$64.2M

Raised more than 77% of sector peers (real $). Modeled value above 70% 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 #111 of 216.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)TRACT Therapeutics, Inc. · Series A Raised $15.0M · modeled $542.3M (est)TechAccel, LLC · Series A Raised $15.0M · modeled $542.3M (est)Arrakis Therapeutics, Inc. · Series A Raised $28.2M · modeled $542.3M (est)Trident Labs, Inc. · Series A Raised $14.0M · modeled $506.1M (est)Meissa Vaccines Inc · Series A Raised $15.2M · modeled $503.1M (est)Vibe Bioscience Ltd. · Series A Raised $13.9M · modeled $501.1M (est)Trovagene, Inc. · Series A Raised $45.3M · modeled $488.0M (est)Taiga Biotechnologies, Inc. · Series A Raised $37.9M · modeled $485.3M (est)Equinox, Inc. · Series A Raised $34.7M · modeled $485.2M (est)Aruna Biomedical Inc · Series A Raised $22.4M · modeled $480.5M (est)Vibe Bioscience Corp · Series A Raised $13.7M · modeled $476.8M (est)Adarza BioSystems, Inc. · Series A Raised $31.5M · modeled $461.9M (est)Synaptive Medical Inc. (this company) Raised $34.8M · modeled $180.5M (est)Synaptive Medical Inc.
CompanyStageRaised · realValue · estvs peer med.
TRACT Therapeutics, Inc.Series A$15.0M$542.3M3.00×
TechAccel, LLCSeries A$15.0M$542.3M3.00×
Arrakis Therapeutics, Inc.Series A$28.2M$542.3M3.00×
Trident Labs, Inc.Series A$14.0M$506.1M2.80×
Meissa Vaccines IncSeries A$15.2M$503.1M2.78×
Vibe Bioscience Ltd.Series A$13.9M$501.1M2.77×
Trovagene, Inc.Series A$45.3M$488.0M2.70×
Taiga Biotechnologies, Inc.Series A$37.9M$485.3M2.68×
Equinox, Inc.Series A$34.7M$485.2M2.68×
Aruna Biomedical IncSeries A$22.4M$480.5M2.66×
Vibe Bioscience CorpSeries A$13.7M$476.8M2.64×
Adarza BioSystems, Inc.Series A$31.5M$461.9M2.56×
Synaptive Medical Inc. this companySeries A$34.8M$180.5M1.00×
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$887K2014-11-21$4.9M$49.0M85%
Seed$2.1M2015-06-05$10.5M$93.3M85%
Seed$2.1M2015-12-15$10.4M$92.8M85%
Seed$911K2016-02-12$4.6M$40.4M85%
Seed$3.4M2016-09-24$17.1M$152.3M90%
Seed$3.7M2016-09-24$18.6M$165.4M90%
Seed$901K2016-12-23$4.5M$40.0M90%
Series A$14.2M2017-06-30$64.6M$514.0M90%
Series A$5.0M2018-11-28$22.8M$181.0M90%
Series A$5.0M2019-03-26$22.7M$180.5M90%
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$887K2014-11-21
    • First recorded raise — entered as Pre-Seed.
    • 6 investors on this round.
  2. Seed$2.1M2015-06-05
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • 26 investors on this round.
  3. Seed$2.1M2015-12-15
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 14 investors on this round.
  4. Seed$911K2016-02-12
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  5. Seed$3.4M2016-09-24
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 18 investors on this round.
  6. Seed$3.7M2016-09-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 18 investors on this round.
  7. Seed$901K2016-12-23
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 4.1× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  8. Series A$14.2M2017-06-30
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 15.8× larger than the prior — scaling up.
    • 18 investors on this round.
  9. Series A$5.0M2018-11-28
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  10. Series A$5.0M2019-03-26
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2019 ~Q3
Modeled next raise · ~6mo cadence
$5.0M
Modeled next size est.range $5.0M$8.0M
1.0×
Last step-up
$8.0M/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
Doug Janzen3 other2015-06
Michael DeMane3 other2017-06
Andrew Prozes2 other2015-12
Cameron Piron1 other2014-11
William Patrick Ryan1 other2016-09
Andrew Glen Prozes2017-06
David Bruce Gallop2017-06
David Gallop2014-11
David Glen Caluori2019-03
David Patrick Caluori2016-12
David Peter Caluori2018-11
Douglas Glen Janzen2017-06
Gal Sela2014-11
George Peter Dans2017-06
Glenn Daniel Steele Jr.2017-06
James L. Cloar2016-09
James Patrick Cloar2016-12
Peter Dans2016-09
Peter Lee Wehrly2017-06
Peter Patrick Wehrly2016-12
Richard Lee Butland2017-06
Richard Patrick Butland2016-12
Sandra Glen Clarke2019-03
Vincent Patrick Luciani2017-06
Registry & provenance

Synaptive Medical 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
1621394
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.

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Embody, Inc.BiotechnologySeries A$30.2M$139.7Msame sector · same stage
Augmenix IncBiotechnologySeries A$40.6M$216.9Msame 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
Synapse Biomedical IncBiotechnologyPre-Seed$9.7M96%
Synaptogenix, Inc.BiotechnologySeries A$31.1M92%
Syntr Health Technologies, INCBiotechnologySeed$13.7M90%
SynLife, Inc.BiotechnologyPre-Seed$38.6M90%
SynGen Inc.BiotechnologySeed$17.8M89%
Syntis Bio, Inc.BiotechnologySeries B$118.0M88%
Synchrony Medical Inc.BiotechnologySeries A$13.1M88%
Syndevrx IncBiotechnologySeries B$39.8M87%
Frequently asked
How much funding has Synaptive Medical Inc. raised?
Synaptive Medical Inc. has raised approximately $34.8M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Synaptive Medical Inc.'s estimated valuation?
Provath's modeled valuation for Synaptive Medical Inc. is approximately $180.5M (modeled range $5.4M–$981.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Synaptive Medical Inc. at?
Synaptive Medical Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Mar 26.
What does Synaptive Medical Inc. do and where is it based?
Synaptive Medical Inc. operates in the Biotechnology sector, based in TORONTO.
Explore related

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