Companies · Other Health Care

Code Biotherapeutics, Inc.

HATFIELD · Other Health Care

Diligence memoA one-page analyst read on Code Biotherapeutics, Inc. — recommendation, valuation, rhythm, risks.
$47.5M
Total raised · real
2
Rounds
7.5×
Latest step-up
Top 9%
Sector rank · raised
Series B
Latest stage · inferred · Wed May 25 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Code Biotherapeutics, Inc. looks over-valued against its niche peers and is dormant 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 3.06× the median modeled value of Series B Other Health Care companies in 2022–2024 (91 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.1 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.
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

Code Biotherapeutics, Inc. is one of 5376 Other Health Care companies tracked from HATFIELD. By capital raised it ranks among the largest (ahead of 92% 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
10
Investors (latest)
2020
Year incorporated
2022-05-25
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 · 2021-03-02 Raised $10M (real) Modeled valuation $159M (est)$10M$159MSeries A2021Series A · 2021-03-02 Raised $5.0M (real) Modeled valuation $79M (est)$5.0M$79MSeries A2021Series B · 2022-05-25 Raised $37M (real) Modeled valuation $465M (est)$37M$465MSeries B2022+$5.0M+$37MCumulative $52M

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$10.0M · 2021
Series A extension$5.0M · 2021
Series B$37.5M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$465.5M
Base estimate est.
$88.1M
Conservative case
$1.2B
Upside case
$208.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Series A · modeled $158.8M · 2021-03-022021Series A · modeled $79.4M · 2021-03-02Series B · modeled $465.5M · 2022-05-252022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.36×/yr
Annual markup
1.64×/yr upside case
4.1 yr
Elapsed time used
4.1 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$38.6M/yr
Capital velocity
5.3 yr
On record since
2021
First round
3
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) 20× above median
This company$47.5M
Sector median$2.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 2.1× above median
This company$37.5M
Sector median$17.8M
Modeled value — vs sector median (estimate, all stages) 21× above median
This company$465.5M
Sector median$22.1M

Raised more than 92% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #1 of 91.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Candesant Biomedical, Inc. · Series B Raised $44.5M · modeled $455.0M (est)Artis Holdings, LLC · Series B Raised $40.0M · modeled $383.2M (est)GIO Blood Ltd · Series B Raised $27.3M · modeled $375.2M (est)Clarapath, Inc. · Series B Raised $40.2M · modeled $348.1M (est)Diality Inc · Series B Raised $42.9M · modeled $337.4M (est)VA Pro 7 SNF Operations Holdings LLC · Series B Raised $32.0M · modeled $333.0M (est)VivoSense, Inc. · Series B Raised $27.0M · modeled $332.3M (est)Tidal Wave GPO, LLC · Series B Raised $34.8M · modeled $324.3M (est)Peachy Corp. · Series B Raised $25.1M · modeled $309.6M (est)Smile Source Holdings, L.P. · Series B Raised $32.2M · modeled $308.7M (est)ASC San Rafael LLC · Series B Raised $28.3M · modeled $294.9M (est)Code Biotherapeutics, Inc. (this company) Raised $47.5M · modeled $465.5M (est)Code Biotherapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Code Biotherapeutics, Inc. this companySeries B$47.5M$465.5M3.06×
Candesant Biomedical, Inc.Series B$44.5M$455.0M2.99×
Artis Holdings, LLCSeries B$40.0M$383.2M2.52×
GIO Blood LtdSeries B$27.3M$375.2M2.47×
Clarapath, Inc.Series B$40.2M$348.1M2.29×
Diality IncSeries B$42.9M$337.4M2.22×
VA Pro 7 SNF Operations Holdings LLCSeries B$32.0M$333.0M2.19×
VivoSense, Inc.Series B$27.0M$332.3M2.19×
Tidal Wave GPO, LLCSeries B$34.8M$324.3M2.13×
Peachy Corp.Series B$25.1M$309.6M2.04×
Smile Source Holdings, L.P.Series B$32.2M$308.7M2.03×
ASC San Rafael LLCSeries B$28.3M$294.9M1.94×
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$10.0M2021-03-02$45.5M$158.8M90%
Series A$5.0M2021-03-02$22.7M$79.4M90%
Series B$37.5M2022-05-25$208.3M$465.5M90%
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$10.0M2021-03-02
    • First recorded raise — entered as Series A.
    • 6 investors on this round.
  2. Series A$5.0M2021-03-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  3. Series B$37.5M2022-05-25
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 7.5× larger than the prior — scaling up.
    • 10 investors on this round.
Intelligence
2023 ~Q1
Modeled next raise · ~7mo cadence
$112.5M
Modeled next size est.range $73.1M$180.0M
7.5×
Last step-up
$38.6M/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
Edward Mathers11 other2022-05
Russ Fein3 other2021-03
Dmitry Kuzmin2 other2022-05
Joseph Truitt1 other2021-03
Robert Lin1 other2022-05
Victor Stone1 other2022-05
Brian McVeigh2021-03
Dmitry C. Kuzmin2021-03
Edward C. Mathers2021-03
Erin C Brubaker2022-05
Kathy Rouan2021-03
Lauren C Kaskiel2021-03
Robert C Getts2021-03
Robert C. Lin2021-03
Victor C. Stone2021-03
Registry & provenance

Code Biotherapeutics, 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
1852269
SEC CIK
2020
Incorporated
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
Solta Medical IncOther Health CareSeries B$47.5M$564.9Msame sector · same stage
Precision Therapeutics IncOther Health CareSeries B$48.0M$310.2Msame sector · same stage
Trainer Rx, Inc.Other Health CareSeries B$47.0M$405.1Msame sector · same stage
Baxano Surgical, Inc.Other Health CareSeries B$48.5M$221.4Msame sector · same stage
Cagent Vascular, Inc.Other Health CareSeries B$48.5M$213.4Msame sector · same stage
Orthalign IncOther Health CareSeries B$46.4M$237.1Msame sector · same stage
Neomend IncOther Health CareSeries B$48.9M$221.5Msame sector · same stage
Thorne Holding Corp.Other Health CareSeries B$45.7M$281.4Msame 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
BioIntelliSense, Inc.Other Health CareSeries C$328.7M88%
BioMedx Group, Inc.Other Health CarePre-Seed$14.0M88%
DataBiologics, Inc.Other Health CarePre-Seed$11.2M88%
Biodirection, Inc.Other Health CareSeed$13.8M87%
Quality Biomedical, Inc.Other Health CareSeries A$100.9M87%
Biofeedback Design, Inc.Other Health CareSeed$33.4M86%
Imel Biotherapeutics, Inc.Other Health CareSeries B$222.3M86%
Biocardia Lifesciences, Inc.Other Health CareSeries A$88.3M86%
Frequently asked
How much funding has Code Biotherapeutics, Inc. raised?
Code Biotherapeutics, Inc. has raised approximately $47.5M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Code Biotherapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Code Biotherapeutics, Inc. is approximately $465.5M (modeled range $88.1M–$1.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Code Biotherapeutics, Inc. at?
Code Biotherapeutics, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed May 25.
What does Code Biotherapeutics, Inc. do and where is it based?
Code Biotherapeutics, Inc. operates in the Other Health Care sector, based in HATFIELD.
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