Diligence memo · auto-generated · as of July 2, 2026
Raindance Technologies Inc
Raindance Technologies Inc looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Raindance Technologies Inc operates in Biotechnology, based in Billerica.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Raindance Technologies Inc has raised $106M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $42M on 2013-04-12.
Most recent recorded round closed around 2013-04-12.
Valuation (modeled)modeled
Provath models Raindance Technologies Inc at approximately $1.7B (range $130M–$4.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.76× the median modeled value of Series C Biotechnology companies in 2013–2015 (41 peers) — value vs value, same stage and era. Within the normal band (76% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 13.2 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round was 2.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 91% of Biotechnology peers (4293 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: Antigenics LLC/DE, Naurex Inc., Fluidigm Corp, Tengion Inc, Spark Therapeutics, Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.