Companies · Biotechnology

Protea Biosciences Group, Inc.

MORGANTOWN · Biotechnology

Diligence memoA one-page analyst read on Protea Biosciences Group, Inc. — recommendation, valuation, rhythm, risks.
$16.6M
Total raised · real
18
Rounds
0.9×
Latest step-up
Top 36%
Sector rank · raised
Series A
Latest stage · inferred · Thu Nov 03 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Protea Biosciences Group, Inc. 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 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 0.11× the median modeled value of Series A Biotechnology companies in 2016–2018 (157 peers) — value vs value, same stage and era.
  • Issuer reports $1M–$5M revenue while modeled below niche peers.
Dormant
  • Last raise 9.7 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 Biotechnology

Protea Biosciences Group, Inc. is one of 4291 Biotechnology companies tracked from MORGANTOWN. By capital raised it ranks mid-pack (ahead of 65% 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
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
25
Investors (latest)
2016-11-03
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$200MPre-Seed · 2010-11-10 Raised $200K (real) Modeled valuation $11M (est)Pre-Seed2010Pre-Seed · 2011-12-27 Raised $280K (real) Modeled valuation $15M (est)Pre-Seed · 2012-05-04 Raised $305K (real) Modeled valuation $17M (est)Pre-Seed2012Pre-Seed · 2012-08-22 Raised $450K (real) Modeled valuation $25M (est)Pre-Seed · 2012-11-30 Raised $915K (real) Modeled valuation $51M (est)Pre-Seed2012Seed · 2012-12-16 Raised $3.0M (real) Modeled valuation $133M (est)Seed · 2013-04-23 Raised $680K (real) Modeled valuation $30M (est)Seed2013Seed · 2013-07-15 Raised $440K (real) Modeled valuation $20M (est)Seed · 2013-08-27 Raised $345K (real) Modeled valuation $15M (est)Seed2013Seed · 2013-09-25 Raised $700K (real) Modeled valuation $31M (est)Seed · 2013-10-25 Raised $275K (real) Modeled valuation $12M (est)Seed2013Seed · 2014-04-02 Raised $600K (real) Modeled valuation $27M (est)Seed · 2014-04-02 Raised $175K (real) Modeled valuation $7.8M (est)Seed2014Series A · 2014-10-31 Raised $4.4M (real) Modeled valuation $160M (est)Series A · 2015-05-22 Raised $2.0M (real) Modeled valuation $72M (est)Series A2015Series A · 2015-08-27 Raised $453K (real) Modeled valuation $16M (est)Series A · 2016-05-20 Raised $691K (real) Modeled valuation $25M (est)Series A2016Series A · 2016-11-03 Raised $632K (real) Modeled valuation $23M (est)Cumulative $17M

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$200K · 2010
Pre-Seed extension$280K · 2011
Pre-Seed extension$305K · 2012
Pre-Seed extension$450K · 2012
Pre-Seed extension$915K · 2012
Seed$3.0M · 2012
Seed extension$680K · 2013
Seed extension$440K · 2013
Seed extension$345K · 2013
Seed extension$700K · 2013
Seed extension$275K · 2013
Seed extension$600K · 2014
Seed extension$175K · 2014
Series A$4.4M · 2014
Series A extension$2.0M · 2015
Series A extension$453K · 2015
Series A extension$691K · 2016
Series A extension$632K · 2016

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

Modeled valuation trajectory
$22.8M
Base estimate est.
$689K
Conservative case
$124.2M
Upside case
$2.9M
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 $11.0M · 2010-11-102010Pre-Seed · modeled $15.5M · 2011-12-27Pre-Seed · modeled $16.8M · 2012-05-04Pre-Seed · modeled $24.8M · 2012-08-22Pre-Seed · modeled $50.5M · 2012-11-30Seed · modeled $133.2M · 2012-12-16Seed · modeled $30.2M · 2013-04-23Seed · modeled $19.5M · 2013-07-15Seed · modeled $15.3M · 2013-08-27Seed · modeled $31.1M · 2013-09-25Seed · modeled $12.2M · 2013-10-25Seed · modeled $26.6M · 2014-04-02Seed · modeled $7.8M · 2014-04-02Series A · modeled $160.0M · 2014-10-31Series A · modeled $72.3M · 2015-05-22Series A · modeled $16.4M · 2015-08-27Series A · modeled $25.0M · 2016-05-20Series A · modeled $22.8M · 2016-11-032016
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
6.0 yr
Elapsed time used
9.7 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$2.8M/yr
Capital velocity
15.6 yr
On record since
2010
First round
18
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) 2.3× above median
This company$16.6M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$632K
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$22.8M
Sector median$64.2M

Raised more than 65% of sector peers (real $). Modeled value above 30% 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 #146 of 157.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Cynvec LLC · Series A Raised $17.4M · modeled $542.3M (est)Anthera Pharmaceuticals Inc · Series A Raised $15.0M · modeled $542.3M (est)Bio-Dent, LTD. LLC · Series A Raised $15.0M · modeled $542.3M (est)Biothera Holding Corp. · Series A Raised $16.2M · modeled $529.3M (est)Limelight Bio, Inc. · Series A Raised $14.0M · modeled $506.2M (est)Overture Life, Inc. · Series A Raised $13.6M · modeled $491.7M (est)TAI Diagnostics, Inc. · Series A Raised $21.1M · modeled $463.8M (est)Occulo Holdings LLC · Series A Raised $12.8M · modeled $462.7M (est)Agilis Biotherapeutics, Inc. · Series A Raised $25.7M · modeled $458.0M (est)CAMBRIDGE EPIGENETIX Ltd · Series A Raised $12.3M · modeled $444.4M (est)Genten Therapeutics, Inc. · Series A Raised $12.0M · modeled $433.8M (est)LTC BioSciences, Inc · Series A Raised $12.0M · modeled $433.8M (est)Protea Biosciences Group, Inc. (this company) Raised $16.6M · modeled $22.8M (est)Protea Biosciences Group, Inc.
CompanyStageRaised · realValue · estvs peer med.
Cynvec LLCSeries A$17.4M$542.3M2.57×
Anthera Pharmaceuticals IncSeries A$15.0M$542.3M2.57×
Bio-Dent, LTD. LLCSeries A$15.0M$542.3M2.57×
Biothera Holding Corp.Series A$16.2M$529.3M2.51×
Limelight Bio, Inc.Series A$14.0M$506.2M2.40×
Overture Life, Inc.Series A$13.6M$491.7M2.33×
TAI Diagnostics, Inc.Series A$21.1M$463.8M2.20×
Occulo Holdings LLCSeries A$12.8M$462.7M2.19×
Agilis Biotherapeutics, Inc.Series A$25.7M$458.0M2.17×
CAMBRIDGE EPIGENETIX LtdSeries A$12.3M$444.4M2.11×
Genten Therapeutics, Inc.Series A$12.0M$433.8M2.06×
LTC BioSciences, IncSeries A$12.0M$433.8M2.06×
Protea Biosciences Group, Inc. this companySeries A$16.6M$22.8M0.11×
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$200K2010-11-10$1.1M$11.0M85%
Pre-Seed$280K2011-12-27$1.6M$15.5M85%
Pre-Seed$305K2012-05-04$1.7M$16.8M85%
Pre-Seed$450K2012-08-22$2.5M$24.8M85%
Pre-Seed$915K2012-11-30$5.1M$50.5M85%
Seed$3.0M2012-12-16$15.0M$133.2M85%
Seed$680K2013-04-23$3.4M$30.2M85%
Seed$440K2013-07-15$2.2M$19.5M85%
Seed$345K2013-08-27$1.7M$15.3M85%
Seed$700K2013-09-25$3.5M$31.1M85%
Seed$275K2013-10-25$1.4M$12.2M85%
Seed$600K2014-04-02$3.0M$26.6M85%
Seed$175K2014-04-02$875K$7.8M85%
Series A$4.4M2014-10-31$20.1M$160.0M85%
Series A$2.0M2015-05-22$9.1M$72.3M85%
Series A$453K2015-08-27$2.1M$16.4M85%
Series A$691K2016-05-20$3.1M$25.0M85%
Series A$632K2016-11-03$2.9M$22.8M90%
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$200K2010-11-10
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$280K2011-12-27
    • Raised 14 mo later, in step with the ~14 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 10 investors on this round.
  3. Pre-Seed$305K2012-05-04
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
  4. Pre-Seed$450K2012-08-22
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 5 investors on this round.
  5. Pre-Seed$915K2012-11-30
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 6 investors on this round.
  6. Seed$3.0M2012-12-16
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 3.3× larger than the prior — scaling up.
  7. Seed$680K2013-04-23
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  8. Seed$440K2013-07-15
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  9. Seed$345K2013-08-27
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  10. Seed$700K2013-09-25
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 6 investors on this round.
  11. Seed$275K2013-10-25
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  12. Seed$600K2014-04-02
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 1 investor on this round.
  13. Seed$175K2014-04-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  14. Series A$4.4M2014-10-31
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 25.3× larger than the prior — scaling up.
    • 57 investors on this round.
  15. Series A$2.0M2015-05-22
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  16. Series A$453K2015-08-27
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  17. Series A$691K2016-05-20
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 14 investors on this round.
  18. Series A$632K2016-11-03
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 25 investors on this round.
Intelligence
2017 ~Q1
Modeled next raise · ~4mo cadence
$632K
Modeled next size est.range $632K$1.0M
0.9×
Last step-up
$2.8M/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
Patrick Gallagher10 other2015-05
Leonard Harris6 other2010-11
Stephen Turner5 other2010-11
Scott Segal4 other2010-11
Tom Clark3 other2010-11
JOHAN (THIJS) M. SPOOR2 other2013-04
Maged Shenouda2 other2015-05
Roderick Jackson2 other2010-11
C. ANDREW ZULAUF1 other2014-04
Daniel Flynn1 other2010-11
Ed Roberson1 other2010-11
Leonard A. Harris1 other2015-08
Matthew Powell1 other2010-11
Stanley Hostler1 other2010-11
Steve Antoline1 other2010-11
Alessandro Baldi2010-11
Andrew Zulauf2012-11
David A. Halverson2016-11
Ed A. Roberson2015-08
Ed Robertson2012-11
Edward Hughes2010-11
GREG KILBY2014-04
Gregory Kilby2015-05
Gregory T. Kilby2015-08
Registry & provenance

Protea Biosciences Group, 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
1335103
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
Protea Biosciences IncBiotechnologySeries A$8.7M$38.0Mnetwork7 shared operators · same sector · same stage
Adaptin Bio, Inc.BiotechnologySeries A$14.7M$4.3Mnetwork1 shared operator · same sector · same stage
Relmada Therapeutics, Inc.BiotechnologySeries A$36.1M$29.9Mnetwork1 shared operator · same sector · same stage
Cardero Resource Corp.OtherSeries A$24.3M$27.8Mnetwork2 shared operators · same stage
MetaStat, Inc.BiotechnologySeries A$39.2M$122.2Mnetwork1 shared operator · same sector · same stage
Amprion, Inc.BiotechnologySeries A$16.7M$27.5Msame sector · same stage
Ingenia Therapeutics Inc.BiotechnologySeries A$16.8M$26.9Msame sector · same stage
VistaGen Therapeutics, Inc.BiotechnologySeries A$16.0M$29.0Msame 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
Proclara Biosciences, Inc.BiotechnologySeries C$283.6M92%
ProteoNova, Inc.BiotechnologySeed$65.4M91%
Progenity, Inc.BiotechnologySeries C$409.6M90%
Prolifagen, Inc.BiotechnologySeed$7.7M90%
ProteoWise Inc.BiotechnologySeries A$9.8M90%
Prothera Biologics, Inc.BiotechnologyPre-Seed$41.4M90%
Paterna Biosciences, Inc.BiotechnologySeed$38.9M89%
Mosaic Biosciences, Inc.BiotechnologySeries A$176.1M88%
Frequently asked
How much funding has Protea Biosciences Group, Inc. raised?
Protea Biosciences Group, Inc. has raised approximately $16.6M in disclosed capital across 18 recorded financing rounds, aggregated from public filings.
What is Protea Biosciences Group, Inc.'s estimated valuation?
Provath's modeled valuation for Protea Biosciences Group, Inc. is approximately $22.8M (modeled range $689K–$124.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Protea Biosciences Group, Inc. at?
Protea Biosciences Group, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Nov 03.
What does Protea Biosciences Group, Inc. do and where is it based?
Protea Biosciences Group, Inc. operates in the Biotechnology sector, based in MORGANTOWN.
Explore related

See where Protea Biosciences Group, 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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