Amount$14M
SeriesConvertible Note
AnnouncedFeb 26, 2012
SectorHealthcare, Ultrasound, Therapy
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Convertible Note round (4.6× the median) — an outlier.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Convertible Note rounds (55)
Round size distribution65th pct
smaller Convertible Note roundslarger
vs. Healthcare, Ultrasound, Therapy (5)
Round size in sector20th pct
$14Mthis round: $14M$150M
