Companies · Other

TG-17, Inc.

BOSTON · Other

Diligence memoA one-page analyst read on TG-17, Inc. — recommendation, valuation, rhythm, risks.
$76.0M
Total raised · real
5
Rounds
0.1×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Mon Sep 09 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

TG-17, Inc. looks under-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

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 0.19× the median modeled value of Series B Other companies in 2022–2024 (465 peers) — value vs value, same stage and era.
Quiet
  • Last raise 22 mo ago; this sector typically re-raises about every 11 months.
  • Slightly overdue versus sector 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

TG-17, Inc. is one of 25008 Other companies tracked from BOSTON. By capital raised it ranks among the largest (ahead of 95% 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(c)
Reg D exemption
2
Investors (latest)
2024-09-09
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$1.0BSeries B · 2018-10-01 Raised $35M (real) Modeled valuation $577M (est)$35M$577MSeries B2018Series B · 2020-07-21 Raised $2.4M (real) Modeled valuation $39M (est)$2.4M$39MSeries B2020Series B · 2021-07-01 Raised $2.0M (real) Modeled valuation $26M (est)$2.0M$26MSeries B2021Series B · 2023-11-17 Raised $32M (real) Modeled valuation $230M (est)$32M$230MSeries B2023Series B · 2024-09-09 Raised $5.0M (real) Modeled valuation $30M (est)$5.0M$30MSeries B2024Pre-Seed · 2024-09-09 Raised $692K (real) Modeled valuation $2.5M (est)$692K$2.5MPre-Seed2024+$2.4M+$2.0M+$32M+$5.0M+$692KCumulative $77M

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$34.7M · 2018
Series B extension$2.4M · 2020
Series B extension$2.0M · 2021
Series B extension$31.9M · 2023
Series B extension$5.0M · 2024
Bridge · Series B-stage$692K · 2024smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$29.5M
Base estimate est.
$12.5M
Conservative case
$50.9M
Upside case
$27.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series B · modeled $577.3M · 2018-10-012018Series B · modeled $39.3M · 2020-07-21Series B · modeled $26.4M · 2021-07-01Series B · modeled $229.8M · 2023-11-17Series B · modeled $29.5M · 2024-09-09Pre-Seed · modeled $2.5M · 2024-09-092024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$12.8M/yr
Capital velocity
7.8 yr
On record since
2018
First round
6
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 37× above median
This company$76.0M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.0× of median
This company$692K
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 1.7× above median
This company$29.5M
Sector median$17.7M

Raised more than 95% of sector peers (real $). Modeled value above 62% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #419 of 465.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Ever/Body, Inc. · Series B Raised $64.2M · modeled $430.2M (est)Financeware Holdings LLC · Series B Raised $59.7M · modeled $413.0M (est)American Cricket Enterprises Inc. · Series B Raised $39.0M · modeled $409.2M (est)Xlerate Ultimate Holdings, Lp · Series B Raised $62.2M · modeled $405.9M (est)MDME Ultimate Holdings, LP · Series B Raised $39.9M · modeled $395.4M (est)aXiomatic, LLC · Series B Raised $138.8M · modeled $389.3M (est)Moov Financial, Inc. · Series B Raised $69.2M · modeled $378.4M (est)NovaVision Holdings, LLC · Series B Raised $38.4M · modeled $373.9M (est)Ttxa Ii 2022, Lp · Series B Raised $35.0M · modeled $369.4M (est)Encamp, Inc. · Series B Raised $54.0M · modeled $363.2M (est)JAF Communications Holdings, LLC · Series B Raised $36.8M · modeled $358.7M (est)Enboarder Inc. · Series B Raised $39.7M · modeled $357.0M (est)TG-17, Inc. (this company) Raised $76.0M · modeled $29.5M (est)TG-17, Inc.
CompanyStageRaised · realValue · estvs peer med.
Ever/Body, Inc.Series B$64.2M$430.2M2.73×
Financeware Holdings LLCSeries B$59.7M$413.0M2.62×
American Cricket Enterprises Inc.Series B$39.0M$409.2M2.59×
Xlerate Ultimate Holdings, LpSeries B$62.2M$405.9M2.57×
MDME Ultimate Holdings, LPSeries B$39.9M$395.4M2.51×
aXiomatic, LLCSeries B$138.8M$389.3M2.47×
Moov Financial, Inc.Series B$69.2M$378.4M2.40×
NovaVision Holdings, LLCSeries B$38.4M$373.9M2.37×
Ttxa Ii 2022, LpSeries B$35.0M$369.4M2.34×
Encamp, Inc.Series B$54.0M$363.2M2.30×
JAF Communications Holdings, LLCSeries B$36.8M$358.7M2.27×
Enboarder Inc.Series B$39.7M$357.0M2.26×
TG-17, Inc. this companySeries B$76.0M$29.5M0.19×
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$34.7M2018-10-01$193.0M$577.3M90%
Series B$2.4M2020-07-21$13.3M$39.3M90%
Series B$2.0M2021-07-01$11.3M$26.4M90%
Series B$31.9M2023-11-17$177.0M$229.8M90%
Series B$5.0M2024-09-09$27.8M$29.5M90%
Pre-Seed$692K2024-09-09$3.8M$2.5M90%
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. Series B$34.7M2018-10-01
    • First recorded raise — entered as Series B.
    • 19 investors on this round.
  2. Series B$2.4M2020-07-21
    • Raised again after 22 mo — slower than the ~11 mo sector norm.
    • Round 14.5× smaller than the prior — bridge or down round.
    • 19 investors on this round.
  3. Series B$2.0M2021-07-01
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
  4. Series B$31.9M2023-11-17
    • Raised again after 29 mo — slower than the ~11 mo sector norm.
    • Round 15.7× larger than the prior — scaling up.
    • 34 investors on this round.
  5. Series B$5.0M2024-09-09
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 6.4× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 16 investors on this round.
  6. Pre-Seed$692K2024-09-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 7.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~14mo cadence
$692K
Modeled next size est.range $692K$1.1M
0.1×
Last step-up
$12.8M/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
Erel Margalit5 other2018-10
Michael Lambert4 other2024-09
Doron Kempel1 other2018-10
Amit Hod2024-09
Hezi Sayar2024-09
Joe De Salvo2024-09
Julia Kagan2021-07
Mike Hollick2024-09
Rob Quimby2024-09
Todor Tashev2018-10
Registry & provenance

TG-17, 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
1756064
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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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.

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Frequently asked
How much funding has TG-17, Inc. raised?
TG-17, Inc. has raised approximately $76.0M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is TG-17, Inc.'s estimated valuation?
Provath's modeled valuation for TG-17, Inc. is approximately $29.5M (modeled range $12.5M–$50.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is TG-17, Inc. at?
TG-17, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Sep 09.
What does TG-17, Inc. do and where is it based?
TG-17, Inc. operates in the Other sector, based in BOSTON.
Explore related

See where TG-17, 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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