Diligence memo · auto-generated · as of July 2, 2026
ChromaCode, Inc.
ChromaCode, Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
ChromaCode, Inc. operates in Biotechnology, based in CARLSBAD.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
ChromaCode, Inc. has raised $94M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $39M on 2019-08-09.
Most recent recorded round closed around 2025-01-30.
Valuation (modeled)modeled
Provath models ChromaCode, Inc. at approximately $21M (range $7.7M–$34M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.28× the median modeled value of Series B Biotechnology companies in 2025–2027 (94 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 17 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 7.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 90% of Biotechnology peers (4291 compared).
Modeled value ranks above 29% of those peers.
Closest niche peers: MarvelBiome, Inc., Iantrek, Inc., Dualitas Therapeutics, Inc., Antares Therapeutics, Inc., OrthoBio Therapeutics, Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.