Companies · Other Health Care

Beta Bionics, Inc

Irvine · Other Health Care

Diligence memoA one-page analyst read on Beta Bionics, Inc — recommendation, valuation, rhythm, risks.
$277.5M
Total raised · real
4
Rounds
1.7×
Latest step-up
Top 2%
Sector rank · raised
Series C
Latest stage · inferred · Mon Aug 28 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Beta Bionics, Inc looks over-valued against its niche peers and is at-risk 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.

Over-valued
  • Modeled value is 1.54× the median modeled value of Series C Other Health Care companies in 2022–2024 (47 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.8 yr ago; this sector typically re-raises about every 14 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Beta Bionics, Inc is one of 5376 Other Health Care companies tracked from Irvine. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest 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(b)
Reg D exemption
29
Investors (latest)
2023-08-28
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$500M$1.0B$1.5B$2.0BSeries C · 2017-12-19 Raised $58M (real) Modeled valuation $1.3B (est)$58M$1.3BSeries C2017Series C · 2017-12-19 Raised $50M (real) Modeled valuation $1.1B (est)$50M$1.1BSeries C2017Seed · 2017-12-19 Raised $2.5M (real) Modeled valuation $61M (est)$2.5M$61MSeed2017Series C · 2019-07-01 Raised $63M (real) Modeled valuation $1.4B (est)$63M$1.4BSeries C2019Series C · 2022-02-16 Raised $57M (real) Modeled valuation $858M (est)$57M$858MSeries C2022Series C · 2023-08-28 Raised $99M (real) Modeled valuation $1.0B (est)$99M$1.0BSeries C2023+$50M+$2.5M+$63M+$57M+$99MCumulative $330M

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 C$57.6M · 2017
Series C extension$50.1M · 2017
Bridge · Series C-stage$2.5M · 2017smaller follow-on
Series C extension$63.4M · 2019
Series C extension$57.0M · 2022
Series C extension$99.5M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$1.0B
Base estimate est.
$361.6M
Conservative case
$1.7B
Upside case
$663.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Series C · modeled $1.3B · 2017-12-192017Series C · modeled $1.1B · 2017-12-19Seed · modeled $60.8M · 2017-12-19Series C · modeled $1.4B · 2019-07-01Series C · modeled $857.7M · 2022-02-16Series C · modeled $1.0B · 2023-08-282023
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
73%
Survival probability
55% low · 85% high
1.29×/yr
Annual markup
1.48×/yr upside case
2.8 yr
Elapsed time used
2.8 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$48.8M/yr
Capital velocity
8.5 yr
On record since
2017
First round
6
Rounds on file
How it compares to the market

Benchmarked against 5376 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) 114× above median
This company$277.5M
Sector median$2.4M
Latest round — vs other Series C rounds in sector (real $, this stage) 2.2× above median
This company$99.5M
Sector median$45.9M
Modeled value — vs sector median (estimate, all stages) 46× above median
This company$1.0B
Sector median$22.1M

Raised more than 99% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #7 of 47.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Gravie, Inc. · Series C Raised $160.7M · modeled $1.3B (est)EmpowerMe Holdings, LLC · Series C Raised $96.6M · modeled $1.3B (est)Color Holdings, L.P. · Series C Raised $90.9M · modeled $1.1B (est)RSR Senior Residences, LLC · Series C Raised $73.7M · modeled $1.1B (est)Gynesonics, Inc · Series C Raised $299.1M · modeled $1.0B (est)Hello Heart Inc. · Series C Raised $127.0M · modeled $1.0B (est)BioDerm Holdings, LP · Series C Raised $130.9M · modeled $1.0B (est)Kindbody, Inc. · Series C Raised $95.6M · modeled $874.4M (est)Drconsulta Ltd. · Series C Raised $140.1M · modeled $836.7M (est)Fountain Life, LLC · Series C Raised $103.9M · modeled $827.7M (est)TherapyMatch, Inc. · Series C Raised $100.0M · modeled $808.6M (est)Beta Bionics, Inc (this company) Raised $277.5M · modeled $1.0B (est)Beta Bionics, Inc
CompanyStageRaised · realValue · estvs peer med.
Gravie, Inc.Series C$160.7M$1.3B2.04×
EmpowerMe Holdings, LLCSeries C$96.6M$1.3B1.92×
Color Holdings, L.P.Series C$90.9M$1.1B1.75×
RSR Senior Residences, LLCSeries C$73.7M$1.1B1.71×
Gynesonics, IncSeries C$299.1M$1.0B1.58×
Hello Heart Inc.Series C$127.0M$1.0B1.54×
Beta Bionics, Inc this companySeries C$277.5M$1.0B1.54×
BioDerm Holdings, LPSeries C$130.9M$1.0B1.53×
Kindbody, Inc.Series C$95.6M$874.4M1.33×
Drconsulta Ltd.Series C$140.1M$836.7M1.28×
Fountain Life, LLCSeries C$103.9M$827.7M1.26×
TherapyMatch, Inc.Series C$100.0M$808.6M1.23×
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 C$57.6M2017-12-19$383.7M$1.3B90%
Series C$50.1M2017-12-19$333.7M$1.1B90%
Seed$2.5M2017-12-19$12.3M$60.8M90%
Series C$63.4M2019-07-01$422.4M$1.4B90%
Series C$57.0M2022-02-16$380.3M$857.7M90%
Series C$99.5M2023-08-28$663.3M$1.0B90%
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 C$57.6M2017-12-19
    • First recorded raise — entered as Series C.
    • 24 investors on this round.
  2. Series C$50.1M2017-12-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
  3. Seed$2.5M2017-12-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 20.4× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  4. Series C$63.4M2019-07-01
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 25.8× larger than the prior — scaling up.
    • 12 investors on this round.
  5. Series C$57.0M2022-02-16
    • Raised again after 32 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 21 investors on this round.
  6. Series C$99.5M2023-08-28
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 29 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~14mo cadence
$173.5M
Modeled next size est.range $112.8M$277.7M
1.7×
Last step-up
$48.8M/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
Sean Carney5 other2022-02
Gilbert Clarke2 other2019-07
Sean D. Carney2 other2023-08
Thomas A. Fitzgerald2 other2017-12
Christy Jones1 other2022-02
Martha Aronson1 other2022-02
Adam Steensberg2019-07
Agustin Mohedas2019-07
Amanda T. Black2023-08
Beth Brooke2022-02
CHRISTIAN H Foged2017-12
Deirdre B. Ibsen2017-12
Edward B. Raskin2017-12
Edward Damiano2019-07
Edward Raskin2019-07
Edward R. Damiano2017-12
Finny Kuruvilla2022-02
Francesco T. Draetta2023-08
Gibb Clarke2022-02
Gilad T. Glick2023-08
Gilbert H Clarke2017-12
Jeff Hitchcock2019-07
Jeffrey B. Hitchcock2017-12
Lennox T. Ketner2023-08
Registry & provenance

Beta Bionics, 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
1674632
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
Fractyl Laboratories Inc.Other Health CareSeries C$290.1M$309.5Msame sector · same stage
Gynesonics, IncOther Health CareSeries C$299.1M$1.0Bsame sector · same stage
NantCell, Inc.Other Health CareSeries C$301.6M$685.9Msame sector · same stage
TransMedics, Inc.Other Health CareSeries C$249.0M$1.5Bsame sector · same stage
RESTOR3D, Inc.Other Health CareSeries C$239.2M$522.0Msame sector · same stage
NeuroPace IncOther Health CareSeries C$208.6M$1.5Bsame sector · same stage
ByHeart, Inc.Other Health CareSeries C$378.4M$493.2Msame sector · same stage
Relievant MedSystems IncOther Health CareSeries C$200.1M$522.9Msame sector · same stage
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.

CompanySectorStageValue · estMatch
Audio Bionics International Inc.Other Health CarePre-Seed$30.8M89%
Sparta Biomedical Inc.Other Health CareSeries A$63.7M87%
Bionik Laboratories Corp.Other Health CareSeries B$27.7M86%
BioCytics, Inc.Other Health CareSeed$10.9M86%
Vivos IncOther Health CarePre-Seed$22.3M85%
BioMedx Group, Inc.Other Health CarePre-Seed$14.0M85%
InfoBionic, Inc.Other Health CareSeries C$573.3M85%
VivoSense, Inc.Other Health CareSeries B$332.3M84%
Frequently asked
How much funding has Beta Bionics, Inc raised?
Beta Bionics, Inc has raised approximately $277.5M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Beta Bionics, Inc's estimated valuation?
Provath's modeled valuation for Beta Bionics, Inc is approximately $1.0B (modeled range $361.6M–$1.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Beta Bionics, Inc at?
Beta Bionics, Inc's latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Aug 28.
What does Beta Bionics, Inc do and where is it based?
Beta Bionics, Inc operates in the Other Health Care sector, based in Irvine.
Explore related

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