Companies · Biotechnology

Bone Biologics Corp

BURLINGTON · Biotechnology

Diligence memoA one-page analyst read on Bone Biologics Corp — recommendation, valuation, rhythm, risks.
$13.0M
Total raised · real
4
Rounds
0.1×
Latest step-up
Top 41%
Sector rank · raised
Series A
Latest stage · inferred · Thu Nov 16 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Bone Biologics Corp looks under-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 biotech 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 0.12× the median modeled value of Series A Biotechnology companies in 2022–2024 (303 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.6 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 Biotechnology

Bone Biologics Corp is one of 4293 Biotechnology companies tracked from BURLINGTON. By capital raised it ranks mid-pack (ahead of 60% of sector peers), and in the long tail 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
4
Investors (latest)
2023-11-16
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$125M$250M$375M$500MSeries A · 2016-02-29 Raised $4.5M (real) Modeled valuation $163M (est)$4.5M$163MSeries A2016Seed · 2017-08-18 Raised $1.4M (real) Modeled valuation $62M (est)$1.4M$62MSeed2017Series A · 2017-08-18 Raised $1.9M (real) Modeled valuation $69M (est)$1.9M$69MSeries A2017Series A · 2018-07-16 Raised $5.9M (real) Modeled valuation $212M (est)$5.9M$212MSeries A2018Series A · 2023-11-16 Raised $729K (real) Modeled valuation $5.2M (est)$729K$5.2MSeries A2023+$1.4M+$1.9M+$5.9M+$729KCumulative $14M

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 A$4.5M · 2016
Bridge · Series A-stage$1.4M · 2017smaller follow-on
Series A extension$1.9M · 2017
Series A extension$5.9M · 2018
Series A extension$729K · 2023

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: 67%.

Modeled valuation trajectory
$5.2M
Base estimate est.
$795K
Conservative case
$12.9M
Upside case
$3.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Series A · modeled $162.7M · 2016-02-292016Seed · modeled $62.2M · 2017-08-18Series A · modeled $68.7M · 2017-08-18Series A · modeled $212.2M · 2018-07-16Series A · modeled $5.2M · 2023-11-162023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
44%
Survival probability
24% low · 60% high
1.62×/yr
Annual markup
2.04×/yr upside case
2.6 yr
Elapsed time used
2.6 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
23 mo
Avg between rounds
$1.7M/yr
Capital velocity
10.3 yr
On record since
2016
First round
5
Rounds on file
How it compares to the market

Benchmarked against 4293 companies in Biotechnology. 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) 1.8× above median
This company$13.0M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$729K
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$5.2M
Sector median$64.2M

Raised more than 60% of sector peers (real $). Modeled value above 10% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #277 of 303.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)GeoVax Labs, Inc. · Series A Raised $39.1M · modeled $217.3M (est)Cellinfinity Bio Holding Company, LLC · Series A Raised $13.2M · modeled $216.2M (est)Adient Medical, Inc. · Series A Raised $18.2M · modeled $207.1M (est)Entegrion Inc · Series A Raised $22.7M · modeled $191.5M (est)BCD Bioscience, Inc. · Series A Raised $16.4M · modeled $189.2M (est)Pragma Biosciences Inc. · Series A Raised $14.5M · modeled $186.2M (est)MicroByre, Inc. · Series A Raised $16.1M · modeled $185.9M (est)Cardiac Insight, Inc. · Series A Raised $38.1M · modeled $184.0M (est)Cardiac Implants LLC · Series A Raised $13.5M · modeled $178.4M (est)Abintus Bio, Inc. · Series A Raised $13.7M · modeled $177.4M (est)Mosaic Biosciences, Inc. · Series A Raised $14.7M · modeled $176.4M (est)Mazen Animal Health Inc. · Series A Raised $13.5M · modeled $169.0M (est)Bone Biologics Corp (this company) Raised $13.0M · modeled $5.2M (est)Bone Biologics Corp
CompanyStageRaised · realValue · estvs peer med.
GeoVax Labs, Inc.Series A$39.1M$217.3M4.90×
Cellinfinity Bio Holding Company, LLCSeries A$13.2M$216.2M4.87×
Adient Medical, Inc.Series A$18.2M$207.1M4.67×
Entegrion IncSeries A$22.7M$191.5M4.32×
BCD Bioscience, Inc.Series A$16.4M$189.2M4.27×
Pragma Biosciences Inc.Series A$14.5M$186.2M4.20×
MicroByre, Inc.Series A$16.1M$185.9M4.19×
Cardiac Insight, Inc.Series A$38.1M$184.0M4.15×
Cardiac Implants LLCSeries A$13.5M$178.4M4.02×
Abintus Bio, Inc.Series A$13.7M$177.4M4.00×
Mosaic Biosciences, Inc.Series A$14.7M$176.4M3.98×
Mazen Animal Health Inc.Series A$13.5M$169.0M3.81×
Bone Biologics Corp this companySeries A$13.0M$5.2M0.12×
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 A$4.5M2016-02-29$20.5M$162.7M85%
Seed$1.4M2017-08-18$7.0M$62.2M90%
Series A$1.9M2017-08-18$8.6M$68.7M90%
Series A$5.9M2018-07-16$26.7M$212.2M90%
Series A$729K2023-11-16$3.3M$5.2M90%
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 A$4.5M2016-02-29
    • First recorded raise — entered as Series A.
    • 3 investors on this round.
  2. Seed$1.4M2017-08-18
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Series A$1.9M2017-08-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 2 investors on this round.
  4. Series A$5.9M2018-07-16
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 4 investors on this round.
  5. Series A$729K2023-11-16
    • Raised again after 64 mo — slower than the ~14 mo sector norm.
    • Round 8.1× smaller than the prior — bridge or down round.
    • 4 investors on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~23mo cadence
$729K
Modeled next size est.range $729K$1.2M
0.1×
Last step-up
$1.7M/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
John Booth3 other2016-02
Benjamin Wu1 other2016-02
Chia Soo1 other2016-02
Bret R Hankey2017-08
Bruce R. Stroever2017-08
Bruce Stroever2016-02
Deina H. Walsh2023-11
Deina R Walsh2017-08
Deina Walsh2016-02
Don R. Hankey2018-07
Erick R. Lucera2023-11
Jeff Frelick2016-02
Jeffrey Frelick2023-11
JEFFREY R FRELICK2017-08
Jeff R Frelick2018-07
Jimmy Delshad2016-02
Jimmy R Delshad2017-08
John R Booth2017-08
Siddhesh R. Angle2023-11
Stephen R LaNeve2017-08
Steve La Neve2016-02
William Coffin2016-02
Registry & provenance

Bone Biologics Corp 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
1419554
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
Memgen, Inc.BiotechnologySeries A$13.0M$4.1Msame sector · same stage
Biopoly, LlcBiotechnologySeries A$13.2M$4.3Msame sector · same stage
Navrogen Inc.BiotechnologySeries A$12.8M$2.9Msame sector · same stage
Allyx Therapeutics, Inc.BiotechnologySeries A$13.2M$7.9Msame sector · same stage
GlycosBio Inc.BiotechnologySeries A$12.3M$6.9Msame sector · same stage
Pirouette Medical Inc.BiotechnologySeries A$14.0M$2.5Msame sector · same stage
Suono Bio, Inc.BiotechnologySeries A$14.0M$4.0Msame sector · same stage
Praeventix, Inc.BiotechnologySeries A$14.1M$7.3Msame 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
Bone Health Technologies, Inc.BiotechnologySeed$29.8M92%
Synthetic Biologics, Inc.BiotechnologySeries A$36.9M90%
US Biologic, Inc.BiotechnologyPre-Seed$55.2M90%
Biologic Delivery Technologies LLCBiotechnologyPre-Seed$2.0M89%
Bolt Biotherapeutics, Inc.BiotechnologySeries C$433.3M88%
Lattice Biologics Ltd.BiotechnologySeries A$13.4M88%
IDBiologics, Inc.BiotechnologySeries A$155.4M88%
Aptimmune Biologics, Inc.BiotechnologySeed$97.7M88%
Frequently asked
How much funding has Bone Biologics Corp raised?
Bone Biologics Corp has raised approximately $13.0M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Bone Biologics Corp's estimated valuation?
Provath's modeled valuation for Bone Biologics Corp is approximately $5.2M (modeled range $795K–$12.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bone Biologics Corp at?
Bone Biologics Corp's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Nov 16.
What does Bone Biologics Corp do and where is it based?
Bone Biologics Corp operates in the Biotechnology sector, based in BURLINGTON.
Explore related

See where Bone Biologics Corp sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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