Diligence memo · auto-generated · as of July 2, 2026
Vida Diagnostics Inc
Vida Diagnostics Inc looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Vida Diagnostics Inc operates in Medical Devices, based in Coralville.
Sub-sector tags: medical-devices.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Vida Diagnostics Inc has raised $32M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $13M on 2020-03-05.
Most recent recorded round closed around 2023-09-12.
Valuation (modeled)modeled
Provath models Vida Diagnostics Inc at approximately $74M (range $13M–$192M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.28× the median modeled value of Series A Medical Devices companies in 2022–2024 (13 peers) — value vs value, same stage and era. Within the normal band (128% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 22 months.
Last raise 2.8 yr ago; this sector typically re-raises about every 16 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 1.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 91% of Medical Devices peers (233 compared).
Modeled value ranks above 83% of those peers.
Closest niche peers: MBio Diagnostics, Inc., New View Surgical, Inc., Thunder Road Surgical, Llc, Barsa Surgical Inc., Caire Health Holdings, Inc..
Peoplefiled
19 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.