Companies · Other Health Care

PROCEPT BioRobotics Corp

Redwood City · Other Health Care

Diligence memoA one-page analyst read on PROCEPT BioRobotics Corp — recommendation, valuation, rhythm, risks.
$348.8M
Total raised · real
7
Rounds
1.1×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Jun 10 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

PROCEPT BioRobotics 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 0.49× the median modeled value of Series D+ Other Health Care companies in 2019–2021 (26 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.1 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

PROCEPT BioRobotics Corp is one of 5377 Other Health Care companies tracked from Redwood City. By capital raised it ranks among the largest (ahead of 99% 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
50
Investors (latest)
2021-06-10
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$1.3B$2.5B$3.8B$5.0BSeries A · 2013-09-30 Raised $6.0M (real) Modeled valuation $122M (est)Series A2013Series A · 2014-08-28 Raised $7.7M (real) Modeled valuation $155M (est)Series A2014Seed · 2014-08-28 Raised $1.6M (real) Modeled valuation $40M (est)Seed2014Series C · 2015-07-06 Raised $42M (real) Modeled valuation $960M (est)Series C2015Series C · 2017-06-05 Raised $13M (real) Modeled valuation $300M (est)Series C2017Series D+ · 2018-02-15 Raised $118M (real) Modeled valuation $2.7B (est)Series D+2018Series D+ · 2020-07-30 Raised $77M (real) Modeled valuation $1.7B (est)Series D+2020Series D+ · 2021-06-10 Raised $85M (real) Modeled valuation $1.6B (est)Series D+2021+$7.7M+$1.6M+$42M+$13M+$118M+$77M+$85MCumulative $350M

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$6.0M · 2013
Series A extension$7.7M · 2014
Bridge · Series A-stage$1.6M · 2014smaller follow-on
Series C$42.0M · 2015no Series B on file
Series C extension$13.1M · 2017
Series D+$118.0M · 2018
Series D+ extension$77.0M · 2020
Series D+ extension$85.0M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series B — 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
$1.6B
Base estimate est.
$452.8M
Conservative case
$3.2B
Upside case
$708.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Series A · modeled $122.1M · 2013-09-302013Series A · modeled $154.7M · 2014-08-28Seed · modeled $40.2M · 2014-08-28Series C · modeled $960.2M · 2015-07-06Series C · modeled $300.4M · 2017-06-05Series D+ · modeled $2.7B · 2018-02-15Series D+ · modeled $1.7B · 2020-07-30Series D+ · modeled $1.6B · 2021-06-102021
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
80%
Survival probability
64% low · 88% high
1.23×/yr
Annual markup
1.38×/yr upside case
5.1 yr
Elapsed time used
5.1 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$45.3M/yr
Capital velocity
12.8 yr
On record since
2013
First round
8
Rounds on file
How it compares to the market

Benchmarked against 5377 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) 144× above median
This company$348.8M
Sector median$2.4M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.7× of median
This company$85.0M
Sector median$123.0M
Modeled value — vs sector median (estimate, all stages) 73× above median
This company$1.6B
Sector median$22.1M

Raised more than 99% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #22 of 26.

This companyCohort peer
$1.0B$10.0B$100.0B$100.0M$1.0BCapital raised (log)ZAHN Parent, LLC · Series D+ Raised $379.9M · modeled $8.7B (est)Covetrus, Inc. · Series D+ Raised $361.1M · modeled $8.3B (est)EQH Parent, LLC · Series D+ Raised $334.2M · modeled $6.7B (est)SonerMed, LLC · Series D+ Raised $300.0M · modeled $6.7B (est)Fs Usme Lp · Series D+ Raised $282.0M · modeled $6.0B (est)Medable Inc. · Series D+ Raised $501.0M · modeled $5.4B (est)Cedar Cares, Inc. · Series D+ Raised $569.4M · modeled $5.1B (est)Inotiv, Inc. · Series D+ Raised $280.1M · modeled $4.8B (est)Magnolia (MH) Holdings, L.P. · Series D+ Raised $259.8M · modeled $4.4B (est)Orca BioSystems Inc · Series D+ Raised $192.0M · modeled $4.4B (est)eHealth, Inc. · Series D+ Raised $225.0M · modeled $4.4B (est)ECG Europe, Inc. · Series D+ Raised $200.0M · modeled $3.6B (est)PROCEPT BioRobotics Corp (this company) Raised $348.8M · modeled $1.6B (est)PROCEPT BioRobotics Corp
CompanyStageRaised · realValue · estvs peer med.
ZAHN Parent, LLCSeries D+$379.9M$8.7B2.64×
Covetrus, Inc.Series D+$361.1M$8.3B2.51×
EQH Parent, LLCSeries D+$334.2M$6.7B2.04×
SonerMed, LLCSeries D+$300.0M$6.7B2.02×
Fs Usme LpSeries D+$282.0M$6.0B1.80×
Medable Inc.Series D+$501.0M$5.4B1.63×
Cedar Cares, Inc.Series D+$569.4M$5.1B1.54×
Inotiv, Inc.Series D+$280.1M$4.8B1.45×
Magnolia (MH) Holdings, L.P.Series D+$259.8M$4.4B1.33×
Orca BioSystems IncSeries D+$192.0M$4.4B1.33×
eHealth, Inc.Series D+$225.0M$4.4B1.32×
ECG Europe, Inc.Series D+$200.0M$3.6B1.09×
PROCEPT BioRobotics Corp this companySeries D+$348.8M$1.6B0.49×
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$6.0M2013-09-30$27.5M$122.1M85%
Series A$7.7M2014-08-28$34.9M$154.7M85%
Seed$1.6M2014-08-28$8.1M$40.2M85%
Series C$42.0M2015-07-06$280.0M$960.2M85%
Series C$13.1M2017-06-05$87.6M$300.4M90%
Series D+$118.0M2018-02-15$983.1M$2.7B90%
Series D+$77.0M2020-07-30$641.5M$1.7B90%
Series D+$85.0M2021-06-10$708.3M$1.6B90%
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$6.0M2013-09-30
    • First recorded raise — entered as Series A.
    • 38 investors on this round.
  2. Series A$7.7M2014-08-28
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 35 investors on this round.
  3. Seed$1.6M2014-08-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.7× smaller than the prior — bridge or down round.
    • 15 investors on this round.
  4. Series C$42.0M2015-07-06
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 25.9× larger than the prior — scaling up.
    • 46 investors on this round.
  5. Series C$13.1M2017-06-05
    • Raised again after 23 mo — slower than the ~14 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 32 investors on this round.
  6. Series D+$118.0M2018-02-15
    • Raised 8 mo later, in step with the ~14 mo sector norm.
    • Round 9.0× larger than the prior — scaling up.
    • 54 investors on this round.
  7. Series D+$77.0M2020-07-30
    • Raised again after 29 mo — slower than the ~14 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 17 investors on this round.
  8. Series D+$85.0M2021-06-10
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 50 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~13mo cadence
$93.9M
Modeled next size est.range $85.0M$150.2M
1.1×
Last step-up
$45.3M/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
Jack Nielsen12 other2015-07
Frederic Moll9 other2020-07
FRED MOLL7 other2013-09
Reza Zadno6 other2020-07
Rodney Perkins5 other2013-09
William Facteau4 other2020-07
Antal Desai2 other2015-07
Eric Reuter2 other2014-08
Thomas Krummel2 other2013-09
Bill Facteau1 other2018-02
Colby Wood1 other2014-08
Noam Krantz1 other2020-07
Surag Mantri1 other2020-07
Alaleh Nouri2020-07
Christine Hanni2018-02
Hisham Shiblaq2020-07
Kevin Waters2020-07
Nikolai Aljuri2018-02
Nikolai Aljuri, Ph.D.2013-09
Taylor Harris2021-06
Registry & provenance

PROCEPT BioRobotics 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
1588978
SEC CIK
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Semantically similar

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Frequently asked
How much funding has PROCEPT BioRobotics Corp raised?
PROCEPT BioRobotics Corp has raised approximately $348.8M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is PROCEPT BioRobotics Corp's estimated valuation?
Provath's modeled valuation for PROCEPT BioRobotics Corp is approximately $1.6B (modeled range $452.8M–$3.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is PROCEPT BioRobotics Corp at?
PROCEPT BioRobotics Corp's latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Jun 10.
What does PROCEPT BioRobotics Corp do and where is it based?
PROCEPT BioRobotics Corp operates in the Other Health Care sector, based in Redwood City.
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