Companies · Other Health Care

PQ Bypass, Inc.

SUNNYVALE · Other Health Care

Diligence memoA one-page analyst read on PQ Bypass, Inc. — recommendation, valuation, rhythm, risks.
$56.7M
Total raised · real
5
Rounds
139.2×
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Thu Dec 20 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

PQ Bypass, 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 1.53× the median modeled value of Series B Other Health Care companies in 2016–2018 (74 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.5 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

PQ Bypass, Inc. is one of 5376 Other Health Care companies tracked from SUNNYVALE. By capital raised it ranks among the largest (ahead of 93% 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
27
Investors (latest)
2018-12-20
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$250M$500M$750M$1.0BSeries A · 2012-12-04 Raised $13M (real) Modeled valuation $264M (est)Series A2012Series A · 2012-12-04 Raised $7.1M (real) Modeled valuation $143M (est)Series A2012Series A · 2016-02-29 Raised $8.8M (real) Modeled valuation $177M (est)Series A2016Series A · 2016-02-29 Raised $10M (real) Modeled valuation $203M (est)Series A2016Series A · 2017-03-28 Raised $2.4M (real) Modeled valuation $49M (est)Series A2017Series A · 2018-01-30 Raised $222K (real) Modeled valuation $4.5M (est)Series A2018Series B · 2018-12-20 Raised $31M (real) Modeled valuation $685M (est)Series B2018+$7.1M+$8.8M+$10M+$2.4M+$222K+$31MCumulative $73M

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$13.1M · 2012
Series A extension$7.1M · 2012
Series A extension$8.8M · 2016
Series A extension$10.0M · 2016
Series A extension$2.4M · 2017
Series A extension$222K · 2018
Series B$30.9M · 2018

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
$684.5M
Base estimate est.
$72.6M
Conservative case
$2.6B
Upside case
$171.7M
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 $263.7M · 2012-12-042012Series A · modeled $142.6M · 2012-12-04Series A · modeled $177.0M · 2016-02-29Series A · modeled $202.5M · 2016-02-29Series A · modeled $49.3M · 2017-03-28Series A · modeled $4.5M · 2018-01-30Series B · modeled $684.5M · 2018-12-202018
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
6.0 yr
Elapsed time used
7.5 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$9.4M/yr
Capital velocity
13.6 yr
On record since
2012
First round
7
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) 23× above median
This company$56.7M
Sector median$2.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.7× above median
This company$30.9M
Sector median$17.8M
Modeled value — vs sector median (estimate, all stages) 31× above median
This company$684.5M
Sector median$22.1M

Raised more than 93% of sector peers (real $). Modeled value above 95% 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 #16 of 74.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Podicare Services, Inc. · Series B Raised $40.0M · modeled $886.2M (est)COTA, Inc. · Series B Raised $43.8M · modeled $886.2M (est)Fresenius Medical Care - Meridian Health System, LLC · Series B Raised $39.0M · modeled $863.9M (est)Headspace, Inc. · Series B Raised $115.9M · modeled $860.6M (est)Spine Holdings LLC · Series B Raised $38.4M · modeled $851.6M (est)Chrono Therapeutics Inc. · Series B Raised $51.4M · modeled $833.2M (est)MedCPU, Inc. · Series B Raised $36.6M · modeled $776.2M (est)Capital Funding Bancorp, Inc. · Series B Raised $35.0M · modeled $775.4M (est)Phreesia, Inc. · Series B Raised $83.8M · modeled $753.2M (est)Labconnect Holdings, Inc. · Series B Raised $33.4M · modeled $739.0M (est)Zoonie, LLC · Series B Raised $52.0M · modeled $708.1M (est)Sotera Wireless, Inc. · Series B Raised $98.5M · modeled $705.3M (est)PQ Bypass, Inc. (this company) Raised $56.7M · modeled $684.5M (est)PQ Bypass, Inc.
CompanyStageRaised · realValue · estvs peer med.
Podicare Services, Inc.Series B$40.0M$886.2M1.98×
COTA, Inc.Series B$43.8M$886.2M1.98×
Fresenius Medical Care - Meridian Health System, LLCSeries B$39.0M$863.9M1.93×
Headspace, Inc.Series B$115.9M$860.6M1.92×
Spine Holdings LLCSeries B$38.4M$851.6M1.90×
Chrono Therapeutics Inc.Series B$51.4M$833.2M1.86×
MedCPU, Inc.Series B$36.6M$776.2M1.73×
Capital Funding Bancorp, Inc.Series B$35.0M$775.4M1.73×
Phreesia, Inc.Series B$83.8M$753.2M1.68×
Labconnect Holdings, Inc.Series B$33.4M$739.0M1.65×
Zoonie, LLCSeries B$52.0M$708.1M1.58×
Sotera Wireless, Inc.Series B$98.5M$705.3M1.58×
PQ Bypass, Inc. this companySeries B$56.7M$684.5M1.53×
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.
Series A$13.1M2012-12-04$59.4M$263.7M85%
Series A$7.1M2012-12-04$32.1M$142.6M85%
Series A$8.8M2016-02-29$39.9M$177.0M85%
Series A$10.0M2016-02-29$45.6M$202.5M85%
Series A$2.4M2017-03-28$11.1M$49.3M90%
Series A$222K2018-01-30$1.0M$4.5M90%
Series B$30.9M2018-12-20$171.7M$684.5M90%
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$13.1M2012-12-04
    • First recorded raise — entered as Series A.
    • 27 investors on this round.
  2. Series A$7.1M2012-12-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× smaller than the prior — bridge or down round.
    • Switched to Rule 06 (was Rule 506(b)).
    • 27 investors on this round.
  3. Series A$8.8M2016-02-29
    • Raised again after 39 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 8 investors on this round.
  4. Series A$10.0M2016-02-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 22 investors on this round.
  5. Series A$2.4M2017-03-28
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 4.1× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  6. Series A$222K2018-01-30
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 11.0× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  7. Series B$30.9M2018-12-20
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 139.2× larger than the prior — scaling up.
    • 27 investors on this round.
Intelligence
2019 ~Q4
Modeled next raise · ~12mo cadence
$92.7M
Modeled next size est.range $60.3M$148.3M
139.2×
Last step-up
$9.4M/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
Richard Ferrari14 other2012-12
Steven Hochberg8 other2018-12
David Neustaedter6 other2012-12
Kenneth Hayes2 other2016-02
Peter Wehrly2 other2017-03
Avi Kometz1 other2012-12
Stan Rowe1 other2018-12
Chris Owens2016-02
Daniel O'Mahony2012-12
James Joye2012-12
Richard Lotti2012-12
Registry & provenance

PQ Bypass, 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
1563597
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.

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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
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1Eq Inc.Other Health CareSeries A$156.9M81%
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Reprieve Cardiovascular, Inc.Other Health CareSeries B$152.9M81%
PrognomIQ, Inc.Other Health CareSeries B$49.0M80%
Phraxis Inc.Other Health CareSeries A$39.6M80%
Frequently asked
How much funding has PQ Bypass, Inc. raised?
PQ Bypass, Inc. has raised approximately $56.7M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is PQ Bypass, Inc.'s estimated valuation?
Provath's modeled valuation for PQ Bypass, Inc. is approximately $684.5M (modeled range $72.6M–$2.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is PQ Bypass, Inc. at?
PQ Bypass, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Dec 20.
What does PQ Bypass, Inc. do and where is it based?
PQ Bypass, Inc. operates in the Other Health Care sector, based in SUNNYVALE.
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