Companies · Other Health Care

CombiMatrix Corp

IRVINE · Other Health Care

Diligence memoA one-page analyst read on CombiMatrix Corp — recommendation, valuation, rhythm, risks.
$9.0M
Total raised · real
3
Rounds
1.1×
Latest step-up
Top 27%
Sector rank · raised
Series A
Latest stage · inferred · Mon May 06 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

CombiMatrix Corp looks under-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.

Under-valued
  • Modeled value is 0.20× the median modeled value of Series A Other Health Care companies in 2013–2015 (187 peers) — value vs value, same stage and era.
Dormant
  • Last raise 13.2 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

CombiMatrix Corp is one of 5376 Other Health Care companies tracked from IRVINE. By capital raised it ranks in the upper tier (ahead of 74% of sector peers), and mid-pack 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
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$50M$100M$150M$200MSeries A · 2011-04-04 Raised $6.8M (real) Modeled valuation $136M (est)$6.8M$136MSeries A2011Series A · 2012-10-01 Raised $1.1M (real) Modeled valuation $21M (est)$1.1M$21MSeries A2012Series A · 2013-05-06 Raised $1.2M (real) Modeled valuation $24M (est)$1.2M$24MSeries A2013+$1.1M+$1.2MCumulative $9.0M

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$6.8M · 2011
Series A extension$1.1M · 2012
Series A extension$1.2M · 2013

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: 33%.

Modeled valuation trajectory
$24.2M
Base estimate est.
$1.5M
Conservative case
$131.7M
Upside case
$5.5M
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 health care sector profile. Directional, not a quoted figure.

Series A · modeled $136.5M · 2011-04-042011Series A · modeled $21.2M · 2012-10-01Series A · modeled $24.2M · 2013-05-062013
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.43×/yr
Annual markup
1.80×/yr upside case
6.0 yr
Elapsed time used
13.2 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$4.3M/yr
Capital velocity
15.2 yr
On record since
2011
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) 3.7× above median
This company$9.0M
Sector median$2.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$1.2M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 1.1× above median
This company$24.2M
Sector median$22.1M

Raised more than 74% of sector peers (real $). Modeled value above 52% 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 #164 of 187.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Imagine Health, Inc. · Series A Raised $15.0M · modeled $302.7M (est)Inova Labs, Inc. · Series A Raised $32.6M · modeled $302.7M (est)Spruce Health, Inc. · Series A Raised $15.0M · modeled $302.7M (est)Cephea Valve Technologies, Inc. · Series A Raised $21.2M · modeled $296.8M (est)ClarVista Medical, Inc. · Series A Raised $14.5M · modeled $293.0M (est)Minimally Invasive Devices Inc. · Series A Raised $43.3M · modeled $284.9M (est)Osprey Medical Inc. · Series A Raised $14.0M · modeled $282.5M (est)IGeneX Group, LLC · Series A Raised $13.5M · modeled $273.4M (est)Urohsd, Llc · Series A Raised $13.2M · modeled $266.9M (est)Secure EDI Holdings, LLC · Series A Raised $28.3M · modeled $263.5M (est)Sterling Healthcare Holdings, Llc · Series A Raised $13.4M · modeled $259.1M (est)Wallick Senior Housing Holdings, LLC · Series A Raised $12.8M · modeled $259.1M (est)CombiMatrix Corp (this company) Raised $9.0M · modeled $24.2M (est)CombiMatrix Corp
CompanyStageRaised · realValue · estvs peer med.
Imagine Health, Inc.Series A$15.0M$302.7M2.50×
Inova Labs, Inc.Series A$32.6M$302.7M2.50×
Spruce Health, Inc.Series A$15.0M$302.7M2.50×
Cephea Valve Technologies, Inc.Series A$21.2M$296.8M2.46×
ClarVista Medical, Inc.Series A$14.5M$293.0M2.42×
Minimally Invasive Devices Inc.Series A$43.3M$284.9M2.36×
Osprey Medical Inc.Series A$14.0M$282.5M2.34×
IGeneX Group, LLCSeries A$13.5M$273.4M2.26×
Urohsd, LlcSeries A$13.2M$266.9M2.21×
Secure EDI Holdings, LLCSeries A$28.3M$263.5M2.18×
Sterling Healthcare Holdings, LlcSeries A$13.4M$259.1M2.14×
Wallick Senior Housing Holdings, LLCSeries A$12.8M$259.1M2.14×
CombiMatrix Corp this companySeries A$9.0M$24.2M0.20×
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$6.8M2011-04-04$30.7M$136.5M90%
Series A$1.1M2012-10-01$4.8M$21.2M90%
Series A$1.2M2013-05-06$5.5M$24.2M90%
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$6.8M2011-04-04
    • First recorded raise — entered as Series A.
  2. Series A$1.1M2012-10-01
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 6.4× smaller than the prior — bridge or down round.
  3. Series A$1.2M2013-05-06
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
Intelligence
2014 ~Q2
Modeled next raise · ~13mo cadence
$1.4M
Modeled next size est.range $1.2M$2.2M
1.1×
Last step-up
$4.3M/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
Mark McDonough4 other2013-05
Jeremy M. Jones1 other2013-05
Martin R. Felsenthal1 other2011-04
Scott R. Burell1 other2011-04
Amit Rigdon Kumar2011-04
Daniel R. Forche2011-04
F. Rigdon Currie2011-04
John H. Abeles, M.D.2011-04
Mark Judd McGowan2011-04
Mark P. McGowan2012-10
Richard D. Hockett, Jr., M.D.2013-05
R. Judd Jessup2011-04
R. Judd R. Jessup2013-05
Scott D. Gottlieb, M.D.2013-05
Scott P. Gottlieb, M.D.2012-10
Scott Rigdon Gottlieb, M.D.2011-04
Wei Richard Ding2012-10
Registry & provenance

CombiMatrix 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
1383183
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
Lutheran Life CommunitiesOther Health CareSeries A$9.0M$21.1Msame sector · same stage
Porter Hills FoundationOther Health CareSeries A$8.9M$20.9Msame sector · same stage
Msa Management Of Columbus, LlcOther Health CareSeries A$8.8M$26.2Msame sector · same stage
Agitated Solutions, Inc.Other Health CareSeries A$9.3M$21.4Msame sector · same stage
Hubly Inc.Other Health CareSeries A$9.4M$24.4Msame sector · same stage
NX Prenatal Inc.Other Health CareSeries A$8.6M$24.1Msame sector · same stage
Verthermia Acquisition, Inc.Other Health CareSeries A$8.5M$25.1Msame sector · same stage
NeuTrace, Inc.Other Health CareSeries A$9.8M$23.6Msame sector · same stage
Frequently asked
How much funding has CombiMatrix Corp raised?
CombiMatrix Corp has raised approximately $9.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is CombiMatrix Corp's estimated valuation?
Provath's modeled valuation for CombiMatrix Corp is approximately $24.2M (modeled range $1.5M–$131.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is CombiMatrix Corp at?
CombiMatrix Corp's latest modeled financing stage is Series A. Its most recent recorded round closed around Mon May 06.
What does CombiMatrix Corp do and where is it based?
CombiMatrix Corp operates in the Other Health Care sector, based in IRVINE.
Explore related

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