Companies · Biotechnology

Mid-Atlantic BioTherapeutics, Inc.

DOYLESTOWN · Biotechnology

Diligence memoA one-page analyst read on Mid-Atlantic BioTherapeutics, Inc. — recommendation, valuation, rhythm, risks.
$5.9M
Total raised · real
2
Rounds
5.7×
Latest step-up
Top 54%
Sector rank · raised
Series A
Latest stage · inferred · Mon Sep 30 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Mid-Atlantic BioTherapeutics, Inc. looks under-valued against its niche peers and is quiet 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 0.53× the median modeled value of Series A Biotechnology companies in 2022–2024 (303 peers) — value vs value, same stage and era.
Quiet
  • Last raise 21 mo ago; this sector typically re-raises about every 14 months.
  • Slightly overdue versus sector 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 Biotechnology

Mid-Atlantic BioTherapeutics, Inc. is one of 4293 Biotechnology companies tracked from DOYLESTOWN. By capital raised it ranks mid-pack (ahead of 47% 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(c)
Reg D exemption
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$13M$25M$38M$50MPre-Seed · 2018-06-28 Raised $875K (real) Modeled valuation $48M (est)$875K$48MPre-Seed2018Series A · 2024-09-30 Raised $5.0M (real) Modeled valuation $23M (est)$5.0M$23MSeries A2024+$5.0MCumulative $5.9M

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
Pre-Seed$875K · 2018
Series A$5.0M · 2024no Seed on file

Stages are modeled from round size (public records carry no series label). No record for: 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
$23.3M
Base estimate est.
$5.5M
Conservative case
$47.6M
Upside case
$22.7M
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.

Pre-Seed · modeled $48.3M · 2018-06-282018Series A · modeled $23.3M · 2024-09-302024
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
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
75 mo
Avg between rounds
$939K/yr
Capital velocity
8.0 yr
On record since
2018
First round
2
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) 0.8× of median
This company$5.9M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.9× of median
This company$5.0M
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$23.3M
Sector median$64.2M

Raised more than 47% of sector peers (real $). Modeled value above 31% 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 #229 of 303.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$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)Mid-Atlantic BioTherapeutics, Inc. (this company) Raised $5.9M · modeled $23.3M (est)Mid-Atlantic BioTherapeutics, Inc.
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×
Mid-Atlantic BioTherapeutics, Inc. this companySeries A$5.9M$23.3M0.53×
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.
Pre-Seed$875K2018-06-28$4.9M$48.3M90%
Series A$5.0M2024-09-30$22.7M$23.3M90%
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. Pre-Seed$875K2018-06-28
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Series A$5.0M2024-09-30
    • Raised again after 75 mo — slower than the ~14 mo sector norm.
    • Round 5.7× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 506(b)).
Intelligence
2031 ~Q1
Modeled next raise · ~75mo cadence
$15.0M
Modeled next size est.range $9.8M$24.0M
5.7×
Last step-up
$939K/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
Andrew Katz3 other2024-09
David Jobes1 other2018-06
David Horn2018-06
Jean Pierre Gagnon2018-06
Julian Chick2024-09
Michael Goldblatt2024-09
Registry & provenance

Mid-Atlantic 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
1755678
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
VerImmune, Inc.BiotechnologySeries A$5.9M$21.9Msame sector · same stage
EmboMedics, Inc.BiotechnologySeries A$5.9M$26.8Msame sector · same stage
TM Holding Companies, Inc.BiotechnologySeries A$5.9M$20.6Msame sector · same stage
Adipo Therapeutics, LlcBiotechnologySeries A$6.0M$20.6Msame sector · same stage
Cynaptec Pharmaceuticals, Inc.BiotechnologySeries A$6.0M$21.7Msame sector · same stage
Enquyst Technologies Inc.BiotechnologySeries A$6.0M$20.2Msame sector · same stage
SimBioSys, Inc.BiotechnologySeries A$6.1M$22.0Msame sector · same stage
Aveta Biomics, Inc.BiotechnologySeries A$6.2M$24.4Msame 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
Eleven Biotherapeutics, Inc.BiotechnologySeries B$39.5M91%
A2 Biotherapeutics, Inc.BiotechnologySeries C$1.2B90%
SAB Biotherapeutics, Inc.BiotechnologySeries D+$1.4B89%
MultiValent Biotherapies, Inc.BiotechnologySeries A$25.2M88%
Aleta Biotherapeutics, Inc.BiotechnologySeries A$306.8M88%
Integrated Biotherapeutics LLCBiotechnologyPre-Seed$9.5M88%
Lanier Biotherapeutics, Inc.BiotechnologySeed$74.8M87%
Arcutis Biotherapeutics, Inc.BiotechnologySeries C$3.9B87%
Frequently asked
How much funding has Mid-Atlantic BioTherapeutics, Inc. raised?
Mid-Atlantic BioTherapeutics, Inc. has raised approximately $5.9M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Mid-Atlantic BioTherapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Mid-Atlantic BioTherapeutics, Inc. is approximately $23.3M (modeled range $5.5M–$47.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mid-Atlantic BioTherapeutics, Inc. at?
Mid-Atlantic BioTherapeutics, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Sep 30.
What does Mid-Atlantic BioTherapeutics, Inc. do and where is it based?
Mid-Atlantic BioTherapeutics, Inc. operates in the Biotechnology sector, based in DOYLESTOWN.
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