-70%

est. 2Y upside i

HealthcareSeries C

Medical device that provides a more effective, less invasive…

Rank

#3499

Sector

Medical Devices

Est. Liquidity

~3Y

Data Quality

Data: Low

Given the massive preference overhang ($92.6M vs. ~$100M entry valuation), common stock equity is deeply in the money only if the company exits above $92.6M.

Last updated: July 3, 2026

Bull (10%)+200%

IPO or category leadership drives 15x multiple on $9.8M revenue, exiting at $147M; after preference, common gains ~200% before dilution.

Base (55%)-100%

Revenue grows to $7.2M but multiple compresses to 6x, exit at $43.2M below $92.6M preference, leaving common stock worthless.

Bear (35%)-100%

Revenue stagnates at $5M, multiple drops to 4x, exit at $20M, preference wipes out common.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

93%

Total funding $92.6M is 92.6% of estimated entry valuation $100M, leaving only $7.4M for common stock.

Dilution Risk

high

The company may need to raise additional capital within 2 years, likely diluting common shareholders by 20%.

Secondary Liquidity

none

No secondary market data available.

Questions to Ask at the Interview

Strategic questions based on Zenflow's data — designed to show you've done your homework.

  • 1

    How do you plan to compete with the established market share of UroLift and Rezūm, especially given their large sales forces?

  • 2

    What is the current 409A valuation of common stock, and how does it relate to the post-money valuation?

  • 3

    Given the data breach in January 2026, what steps are being taken to ensure patient data security and regulatory compliance?

Community

Valuation Sentiment

Our model estimates -70% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.