Companies · Medical Devices

MBio Diagnostics, Inc.

BOULDER · Medical Devices · refined from filed group “Other

Diligence memoA one-page analyst read on MBio Diagnostics, Inc. — recommendation, valuation, rhythm, risks.
$45.3M
Total raised · real
12
Rounds
3.5×
Latest step-up
Top 7%
Sector rank · raised
Series A
Latest stage · inferred · Fri Feb 18 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

MBio Diagnostics, Inc. looks fair 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 medical devices sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.34× the median modeled value of Series A Medical Devices companies in 2022–2024 (13 peers) — value vs value, same stage and era.
  • Within the normal band (134% of peer median) for its niche.
Dormant
  • Last raise 4.4 yr ago; this sector typically re-raises about every 16 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 Medical Devices

MBio Diagnostics, Inc. is one of 233 Medical Devices companies tracked from BOULDER. By capital raised it ranks among the largest (ahead of 94% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

medical-devices

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
12
Investors (latest)
2022-02-18
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$50M$100M$150M$200MSeed · 2010-12-21 Raised $2.0M (real) Modeled valuation $59M (est)Seed2010Seed · 2012-08-17 Raised $3.9M (real) Modeled valuation $115M (est)Seed2012Series A · 2015-05-07 Raised $6.3M (real) Modeled valuation $153M (est)Series A2015Series A · 2016-08-17 Raised $563K (real) Modeled valuation $14M (est)Series A2016Series A · 2017-12-19 Raised $620K (real) Modeled valuation $15M (est)Series A2017Series A · 2018-05-09 Raised $1.1M (real) Modeled valuation $27M (est)Series A2018Series A · 2018-08-08 Raised $5.2M (real) Modeled valuation $126M (est)Series A2018Series A · 2020-02-05 Raised $1.6M (real) Modeled valuation $38M (est)Series A2020Pre-Seed · 2020-02-05 Raised $550K (real) Modeled valuation $20M (est)Pre-Seed2020Seed · 2020-02-05 Raised $1.6M (real) Modeled valuation $48M (est)Seed2020Series A · 2020-07-17 Raised $6.1M (real) Modeled valuation $146M (est)Series A2020Series A · 2020-07-17 Raised $6.1M (real) Modeled valuation $146M (est)Series A2020Series A · 2021-02-01 Raised $10.0M (real) Modeled valuation $191M (est)Series A2021Series A · 2021-03-05 Raised $1.7M (real) Modeled valuation $32M (est)Series A2021Series A · 2022-02-18 Raised $6.1M (real) Modeled valuation $77M (est)Series A2022Cumulative $54M

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
Seed$2.0M · 2010
Seed extension$3.9M · 2012
Series A$6.3M · 2015
Series A extension$563K · 2016
Series A extension$620K · 2017
Series A extension$1.1M · 2018
Series A extension$5.2M · 2018
Series A extension$1.6M · 2020
Bridge · Series A-stage$550K · 2020smaller follow-on
Bridge · Series A-stage$1.6M · 2020smaller follow-on
Series A extension$6.1M · 2020
Series A extension$6.1M · 2020
Series A extension$10.0M · 2021
Series A extension$1.7M · 2021
Series A extension$6.1M · 2022

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$77.3M
Base estimate est.
$7.5M
Conservative case
$288.4M
Upside case
$27.8M
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 medical devices sector profile. Directional, not a quoted figure.

Seed · modeled $59.2M · 2010-12-212010Seed · modeled $114.7M · 2012-08-17Series A · modeled $152.8M · 2015-05-07Series A · modeled $13.6M · 2016-08-17Series A · modeled $15.0M · 2017-12-19Series A · modeled $26.7M · 2018-05-09Series A · modeled $125.6M · 2018-08-08Series A · modeled $38.2M · 2020-02-05Pre-Seed · modeled $20.3M · 2020-02-05Seed · modeled $48.5M · 2020-02-05Series A · modeled $145.7M · 2020-07-17Series A · modeled $145.7M · 2020-07-17Series A · modeled $190.9M · 2021-02-01Series A · modeled $31.8M · 2021-03-05Series A · modeled $77.3M · 2022-02-182022
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
50%
Survival probability
27% low · 68% high
1.49×/yr
Annual markup
1.87×/yr upside case
4.4 yr
Elapsed time used
4.4 yr actual, capped for stale marks
medical devices
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$4.1M/yr
Capital velocity
15.5 yr
On record since
2010
First round
15
Rounds on file
How it compares to the market

Benchmarked against 233 companies in Medical Devices. 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) 18× above median
This company$45.3M
Sector median$2.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.3× above median
This company$6.1M
Sector median$4.6M
Modeled value — vs sector median (estimate, all stages) 5.0× above median
This company$77.3M
Sector median$15.4M

Raised more than 94% of sector peers (real $). Modeled value above 84% 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 #1 of 13.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Vida Diagnostics Inc · Series A Raised $32.0M · modeled $73.7M (est)New View Surgical, Inc. · Series A Raised $15.8M · modeled $70.7M (est)Thunder Road Surgical, Llc · Series A Raised $5.8M · modeled $62.7M (est)Barsa Surgical Inc. · Series A Raised $10.0M · modeled $60.7M (est)Caire Health Holdings, Inc. · Series A Raised $6.7M · modeled $57.9M (est)Moichor Inc · Series A Raised $11.3M · modeled $57.6M (est)Tally Surgical, Inc. · Series A Raised $11.6M · modeled $38.8M (est)Hyperion Surgical, Inc. · Series A Raised $6.0M · modeled $38.7M (est)Minute Molecular Diagnostics, Inc. · Series A Raised $11.3M · modeled $35.0M (est)Acuamark Diagnostics, Inc. · Series A Raised $20.3M · modeled $25.6M (est)Checkpoint Surgical, Inc. · Series A Raised $35.2M · modeled $20.8M (est)MBio Diagnostics, Inc. (this company) Raised $45.3M · modeled $77.3M (est)MBio Diagnostics, Inc.
CompanyStageRaised · realValue · estvs peer med.
MBio Diagnostics, Inc. this companySeries A$45.3M$77.3M1.34×
Vida Diagnostics IncSeries A$32.0M$73.7M1.28×
New View Surgical, Inc.Series A$15.8M$70.7M1.23×
Thunder Road Surgical, LlcSeries A$5.8M$62.7M1.09×
Barsa Surgical Inc.Series A$10.0M$60.7M1.05×
Caire Health Holdings, Inc.Series A$6.7M$57.9M1.00×
Moichor IncSeries A$11.3M$57.6M1.00×
Tally Surgical, Inc.Series A$11.6M$38.8M0.67×
Hyperion Surgical, Inc.Series A$6.0M$38.7M0.67×
Minute Molecular Diagnostics, Inc.Series A$11.3M$35.0M0.61×
Acuamark Diagnostics, Inc.Series A$20.3M$25.6M0.44×
Checkpoint Surgical, Inc.Series A$35.2M$20.8M0.36×
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.
Seed$2.0M2010-12-21$10.0M$59.2M85%
Seed$3.9M2012-08-17$19.3M$114.7M85%
Series A$6.3M2015-05-07$28.8M$152.8M85%
Series A$563K2016-08-17$2.6M$13.6M85%
Series A$620K2017-12-19$2.8M$15.0M90%
Series A$1.1M2018-05-09$5.0M$26.7M90%
Series A$5.2M2018-08-08$23.7M$125.6M90%
Series A$1.6M2020-02-05$7.2M$38.2M90%
Pre-Seed$550K2020-02-05$3.1M$20.3M90%
Seed$1.6M2020-02-05$8.2M$48.5M90%
Series A$6.1M2020-07-17$27.9M$145.7M90%
Series A$6.1M2020-07-17$27.9M$145.7M90%
Series A$10.0M2021-02-01$45.4M$190.9M90%
Series A$1.7M2021-03-05$7.8M$31.8M90%
Series A$6.1M2022-02-18$27.8M$77.3M90%
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. Seed$2.0M2010-12-21
    • First recorded raise — entered as Seed.
    • 19 investors on this round.
  2. Seed$3.9M2012-08-17
    • Raised 20 mo later, in step with the ~16 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 9 investors on this round.
  3. Series A$6.3M2015-05-07
    • Raised again after 33 mo — slower than the ~16 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 14 investors on this round.
  4. Series A$563K2016-08-17
    • Raised 15 mo later, in step with the ~16 mo sector norm.
    • Round 11.3× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  5. Series A$620K2017-12-19
    • Raised 16 mo later, in step with the ~16 mo sector norm.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  6. Series A$1.1M2018-05-09
    • Came back fast: 5 mo vs the ~16 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Series A$5.2M2018-08-08
    • Came back fast: 3 mo vs the ~16 mo sector norm.
    • Round 4.7× larger than the prior — scaling up.
    • 10 investors on this round.
  8. Series A$1.6M2020-02-05
    • Raised 18 mo later, in step with the ~16 mo sector norm.
    • Round 3.3× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  9. Pre-Seed$550K2020-02-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.9× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  10. Seed$1.6M2020-02-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.0× larger than the prior — scaling up.
    • 2 investors on this round.
  11. Series A$6.1M2020-07-17
    • Came back fast: 5 mo vs the ~16 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 11 investors on this round.
  12. Series A$6.1M2020-07-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 16 investors on this round.
  13. Series A$10.0M2021-02-01
    • Came back fast: 7 mo vs the ~16 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 1 investor on this round.
  14. Series A$1.7M2021-03-05
    • Came back fast: 1 mo vs the ~16 mo sector norm.
    • Round 5.8× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  15. Series A$6.1M2022-02-18
    • Raised 11 mo later, in step with the ~16 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 12 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~10mo cadence
$18.4M
Modeled next size est.range $11.9M$29.4M
3.5×
Last step-up
$4.1M/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
MICHAEL CHANG12 other2020-07
Robert Silverman4 other2015-05
Milton Chang3 other2012-08
Chris Myatt1 other2020-02
Judith O'Brien1 other2020-07
Nick Traggis1 other2022-02
Robert J. Silverman1 other2017-12
Andrew Drenick2020-02
CHRISTOPHER J. MYATT2010-12
Christopher Myatt2012-08
MICHAEL C LOCHHEAD2016-08
Michael J. Lochhaed2017-12
Michael J. Lochhead2018-05
Michael Lochhead2015-05
MILTON J. CHANG2010-12
ROBERT C SILVERMAN2016-08
SARAH C. HATCHER2010-12
Sarah Hatcher2015-05
Sarah J Hatcher2018-05
Registry & provenance

MBio Diagnostics, 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
1483426
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
Checkpoint Surgical, Inc.Medical DevicesSeries A$35.2M$20.8Msame sector · same stage
KIYATEC Inc.BiotechnologySeries B$32.3M$1.6Mnetwork2 shared operators
Vida Diagnostics IncMedical DevicesSeries A$32.0M$73.7Msame sector · same stage
Curadel Surgical Innovations, Inc.Medical DevicesSeries A$26.0M$44.1Msame sector · same stage
NexEos Diagnostics, Inc.Medical DevicesSeries A$25.7M$7.9Msame sector · same stage
Acuamark Diagnostics, Inc.Medical DevicesSeries A$20.3M$25.6Msame sector · same stage
Ideal Implant IncMedical DevicesSeries A$16.8M$49.3Msame sector · same stage
New View Surgical, Inc.Medical DevicesSeries A$15.8M$70.7Msame 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
Alea Diagnostics, Inc.Medical DevicesSeed$56.3M88%
Specific Diagnostics, Inc.Medical DevicesSeries B$463.6M86%
Medite Cancer Diagnostics, Inc.Medical DevicesSeries A$21.0M85%
Sense Diagnostics, Inc.Medical DevicesSeed$6.5M85%
Led Medical Diagnostics IncMedical DevicesSeed$13.3M85%
Digital Diagnostics Inc.Medical DevicesSeries C$1.2B84%
ADM Diagnostics, Inc.Medical DevicesPre-Seed$22.8M84%
Click Diagnostics, Inc.Medical DevicesSeries D+$2.0B84%
Frequently asked
How much funding has MBio Diagnostics, Inc. raised?
MBio Diagnostics, Inc. has raised approximately $45.3M in disclosed capital across 12 recorded financing rounds, aggregated from public filings.
What is MBio Diagnostics, Inc.'s estimated valuation?
Provath's modeled valuation for MBio Diagnostics, Inc. is approximately $77.3M (modeled range $7.5M–$288.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is MBio Diagnostics, Inc. at?
MBio Diagnostics, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Feb 18.
What does MBio Diagnostics, Inc. do and where is it based?
MBio Diagnostics, Inc. operates in the Medical Devices sector, based in BOULDER.
Explore related

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

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