Companies · Biotechnology

Progentec Diagnostics, Inc.

OKLAHOMA CITY · Biotechnology

Diligence memoA one-page analyst read on Progentec Diagnostics, Inc. — recommendation, valuation, rhythm, risks.
$2.5M
Total raised · real
1
Rounds
0.5×
Latest step-up
Top 70%
Sector rank · raised
Seed
Latest stage · inferred · Thu Nov 09 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Progentec Diagnostics, 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 biotech 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 1.56× the median modeled value of Seed Biotechnology companies in 2016–2018 (175 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.6 yr ago; this sector typically re-raises about every 14 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

Progentec Diagnostics, Inc. is one of 4291 Biotechnology companies tracked from OKLAHOMA CITY. By capital raised it ranks in the long tail (ahead of 31% 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.

medical-devices

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(c)
Reg D exemption
5
Investors (latest)
2015
Year incorporated
2017-11-09
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 · 2017-11-09 Raised $2.5M (real) Modeled valuation $111M (est)$2.5M$111MSeed2017Seed · 2017-11-09 Raised $1.3M (real) Modeled valuation $56M (est)$1.3M$56MSeed2017+$1.3MCumulative $3.8M

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$2.5M · 2017
Seed extension$1.3M · 2017

Stages are modeled from round size (public records carry no series label). No record for: Pre-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
$111.0M
Base estimate est.
$1.8M
Conservative case
$871.0M
Upside case
$12.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Seed · modeled $111.0M · 2017-11-092017Seed · modeled $55.5M · 2017-11-092017
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
32%
Survival probability
14% low · 50% high
1.74×/yr
Annual markup
2.28×/yr upside case
6.0 yr
Elapsed time used
8.6 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
8.6 yr
On record since
2017
First round
2
Rounds on file
How it compares to the market

Benchmarked against 4291 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) 0.3× of median
This company$2.5M
Sector median$7.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.7× of median
This company$1.3M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 1.7× above median
This company$111.0M
Sector median$64.2M

Raised more than 31% of sector peers (real $). Modeled value above 61% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #38 of 175.

This companyCohort peer
$100.0M$1.0B$1.0M$10.0MCapital raised (log)Kenjockety Biotechnology, LLC · Seed Raised $4.0M · modeled $177.6M (est)Mimedx Group, Inc. · Seed Raised $8.2M · modeled $177.6M (est)Helocyte, Inc. · Seed Raised $4.0M · modeled $177.5M (est)CytoDel, INC. · Seed Raised $4.1M · modeled $173.4M (est)Finch Therapeutics, Inc. · Seed Raised $4.5M · modeled $165.8M (est)Cordex Systems, Inc · Seed Raised $6.4M · modeled $164.2M (est)Viking Therapeutics, Inc. · Seed Raised $3.7M · modeled $162.3M (est)Escalier Biosciences B.V. · Seed Raised $3.5M · modeled $155.4M (est)Corino Therapeutics, Inc. · Seed Raised $3.5M · modeled $154.3M (est)BluDiagnostics, Inc. · Seed Raised $4.5M · modeled $151.0M (est)Captozyme Inc. · Seed Raised $3.4M · modeled $151.0M (est)FORGE Life Science, LLC · Seed Raised $3.6M · modeled $149.5M (est)Progentec Diagnostics, Inc. (this company) Raised $2.5M · modeled $111.0M (est)Progentec Diagnostics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Kenjockety Biotechnology, LLCSeed$4.0M$177.6M2.50×
Mimedx Group, Inc.Seed$8.2M$177.6M2.50×
Helocyte, Inc.Seed$4.0M$177.5M2.50×
CytoDel, INC.Seed$4.1M$173.4M2.44×
Finch Therapeutics, Inc.Seed$4.5M$165.8M2.33×
Cordex Systems, IncSeed$6.4M$164.2M2.31×
Viking Therapeutics, Inc.Seed$3.7M$162.3M2.28×
Escalier Biosciences B.V.Seed$3.5M$155.4M2.19×
Corino Therapeutics, Inc.Seed$3.5M$154.3M2.17×
BluDiagnostics, Inc.Seed$4.5M$151.0M2.12×
Captozyme Inc.Seed$3.4M$151.0M2.12×
FORGE Life Science, LLCSeed$3.6M$149.5M2.10×
Progentec Diagnostics, Inc. this companySeed$2.5M$111.0M1.56×
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$2.5M2017-11-09$12.5M$111.0M90%
Seed$1.3M2017-11-09$6.3M$55.5M90%
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. Seed$2.5M2017-11-09
    • First recorded raise — entered as Seed.
    • 7 investors on this round.
  2. Seed$1.3M2017-11-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 5 investors on this round.
Intelligence
Modeled next raise
$1.3M
Modeled next size est.range $1.3M$2.0M
0.5×
Last step-up
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
Robert Saunders17 other2017-11
Mohan Purushothaman2017-11
Sanjiv Sharma2017-11
Registry & provenance

Progentec 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
1722842
SEC CIK
2015
Incorporated
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
NX Development Corp.BiotechnologySeed$2.5M$31.1Mnetwork1 shared operator · same sector · same stage
NX Pharmagen Inc.BiotechnologySeed$3.3M$7.4Mnetwork1 shared operator · same sector · same stage
Amnion Life LLCBiotechnologySeed$2.5M$111.0Msame sector · same stage
On-Q-ity, Inc.BiotechnologySeed$2.5M$111.0Msame sector · same stage
Polybiomics Inc.BiotechnologySeed$2.5M$111.0Msame sector · same stage
Tabashir Health LLCBiotechnologySeed$2.5M$111.0Msame sector · same stage
Therapeutic Proteins IncBiotechnologySeed$2.5M$111.0Msame sector · same stage
Trelys, Inc.BiotechnologySeed$2.5M$111.0Msame 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
Proactive Diagnostics, Inc.BiotechnologySeed$24.5M89%
Provista Diagnostics Inc.BiotechnologySeries A$79.7M86%
Biomark Diagnostics Inc.BiotechnologySeed$8.0M85%
Torpedo Diagnostics, Inc.BiotechnologySeed$88.8M84%
Delphi Diagnostics Inc.BiotechnologySeries C$1.4B84%
Paratus Diagnostics, LLCBiotechnologySeries A$188.2M83%
Gamma Diagnostics, Inc.BiotechnologyPre-Seed$3.7M83%
SeLux Diagnostics, Inc.BiotechnologySeries C$417.3M83%
Frequently asked
How much funding has Progentec Diagnostics, Inc. raised?
Progentec Diagnostics, Inc. has raised approximately $2.5M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Progentec Diagnostics, Inc.'s estimated valuation?
Provath's modeled valuation for Progentec Diagnostics, Inc. is approximately $111.0M (modeled range $1.8M–$871.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Progentec Diagnostics, Inc. at?
Progentec Diagnostics, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Nov 09.
What does Progentec Diagnostics, Inc. do and where is it based?
Progentec Diagnostics, Inc. operates in the Biotechnology sector, based in OKLAHOMA CITY.
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