Companies · Other Health Care

ThermalTherapeutic Systems, Inc.

PITTSBURGH · Other Health Care

Diligence memoA one-page analyst read on ThermalTherapeutic Systems, Inc. — recommendation, valuation, rhythm, risks.
$3.8M
Total raised · real
2
Rounds
0.3×
Latest step-up
Top 42%
Sector rank · raised
Seed
Latest stage · inferred · Mon Oct 31 2011 00:00:00 GMT+0000 (Coordinated Universal Time)

ThermalTherapeutic 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 health care 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 0.50× the median modeled value of Seed Other Health Care companies in 2010–2012 (243 peers) — value vs value, same stage and era.
Dormant
  • Last raise 14.7 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 Other Health Care

ThermalTherapeutic Systems, Inc. is one of 5377 Other Health Care companies tracked from PITTSBURGH. By capital raised it ranks mid-pack (ahead of 59% 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$25M$50M$75M$100MSeed · 2009-09-30 Raised $3.0M (real) Modeled valuation $75M (est)$3.0M$75MSeed2009Seed · 2011-10-31 Raised $808K (real) Modeled valuation $20M (est)$808K$20MSeed2011+$808KCumulative $3.8M

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
Seed$3.0M · 2009
Seed extension$808K · 2011

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: 50%.

Modeled valuation trajectory
$20.0M
Base estimate est.
$684K
Conservative case
$157.2M
Upside case
$4.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Seed · modeled $75.2M · 2009-09-302009Seed · modeled $20.0M · 2011-10-312011
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.54×/yr
Annual markup
2.01×/yr upside case
6.0 yr
Elapsed time used
14.7 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
25 mo
Avg between rounds
$1.8M/yr
Capital velocity
16.8 yr
On record since
2009
First round
2
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) 1.6× above median
This company$3.8M
Sector median$2.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.5× of median
This company$808K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$20.0M
Sector median$22.1M

Raised more than 59% of sector peers (real $). Modeled value above 48% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #211 of 243.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Coolsystems Inc · Seed Raised $8.3M · modeled $99.1M (est)Device Innovation Group, LLC · Seed Raised $4.0M · modeled $99.1M (est)Envoy Partners Llc · Seed Raised $4.0M · modeled $99.1M (est)Kare Partners LLC · Seed Raised $4.0M · modeled $99.1M (est)CuMed LLC · Seed Raised $4.0M · modeled $99.1M (est)CMC II Investors, LLC · Seed Raised $4.0M · modeled $99.1M (est)U.S. Nursing Corp · Seed Raised $8.0M · modeled $99.1M (est)Accendo Therapeutics, Inc. · Seed Raised $4.0M · modeled $98.9M (est)Luminous Medical Inc · Seed Raised $4.4M · modeled $97.6M (est)Charger Holding Corp. · Seed Raised $3.9M · modeled $97.2M (est)Northstar Medical Technologies, LLC · Seed Raised $3.9M · modeled $96.4M (est)Vitalize Consulting Solutions Inc · Seed Raised $3.9M · modeled $96.2M (est)ThermalTherapeutic Systems, Inc. (this company) Raised $3.8M · modeled $20.0M (est)ThermalTherapeutic Systems, Inc.
CompanyStageRaised · realValue · estvs peer med.
Coolsystems IncSeed$8.3M$99.1M2.47×
Device Innovation Group, LLCSeed$4.0M$99.1M2.47×
Envoy Partners LlcSeed$4.0M$99.1M2.47×
Kare Partners LLCSeed$4.0M$99.1M2.47×
CuMed LLCSeed$4.0M$99.1M2.47×
CMC II Investors, LLCSeed$4.0M$99.1M2.47×
U.S. Nursing CorpSeed$8.0M$99.1M2.47×
Accendo Therapeutics, Inc.Seed$4.0M$98.9M2.47×
Luminous Medical IncSeed$4.4M$97.6M2.44×
Charger Holding Corp.Seed$3.9M$97.2M2.43×
Northstar Medical Technologies, LLCSeed$3.9M$96.4M2.41×
Vitalize Consulting Solutions IncSeed$3.9M$96.2M2.40×
ThermalTherapeutic Systems, Inc. this companySeed$3.8M$20.0M0.50×
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.
Seed$3.0M2009-09-30$15.2M$75.2M90%
Seed$808K2011-10-31$4.0M$20.0M90%
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. Seed$3.0M2009-09-30
    • First recorded raise — entered as Seed.
  2. Seed$808K2011-10-31
    • Raised again after 25 mo — slower than the ~14 mo sector norm.
    • Round 3.8× smaller than the prior — bridge or down round.
Intelligence
2013 ~Q4
Modeled next raise · ~25mo cadence
$808K
Modeled next size est.range $808K$1.3M
0.3×
Last step-up
$1.8M/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
David S Smith11 other2009-09
Mary Del Brady3 other2009-09
Peter DeComo1 other2009-09
Raymond Vennare1 other2009-09
Alan F.H. Hirschman2011-10
Gardiner F.H. Smith2011-10
J. Michael Fausset2009-09
Joseph S Donnelly2009-09
Mary Del F.H. Brady2011-10
Michael F.H. Gausling2011-10
Michael J Fausset2011-10
Peter F.H. DeComo2011-10
Registry & provenance

ThermalTherapeutic 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
1474468
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
Telecardia, Inc.Other Health CareSeed$4.0M$38.2Mnetwork1 shared operator · same sector · same stage
Clearcount Medical Solutions IncOther Health CareSeed$12.1M$7.4Mnetwork1 shared operator · same sector · same stage
MedTrust Holdings, Inc.Other Health CareSeed$3.9M$23.9Msame sector · same stage
Themedicalmemory, LlcOther Health CareSeed$3.8M$19.7Msame sector · same stage
KAIO Therapy, LLCOther Health CareSeed$3.9M$20.1Msame sector · same stage
Lynch Regenerative Medicine, LlcOther Health CareSeed$3.8M$20.3Msame sector · same stage
Arche Inc.Other Health CareSeed$4.0M$19.5Msame sector · same stage
MelioLabs, Inc.Other Health CareSeed$4.0M$17.8Msame sector · same stage
Frequently asked
How much funding has ThermalTherapeutic Systems, Inc. raised?
ThermalTherapeutic Systems, Inc. has raised approximately $3.8M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is ThermalTherapeutic Systems, Inc.'s estimated valuation?
Provath's modeled valuation for ThermalTherapeutic Systems, Inc. is approximately $20.0M (modeled range $684K–$157.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ThermalTherapeutic Systems, Inc. at?
ThermalTherapeutic Systems, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Oct 31.
What does ThermalTherapeutic Systems, Inc. do and where is it based?
ThermalTherapeutic Systems, Inc. operates in the Other Health Care sector, based in PITTSBURGH.
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