Companies · Biotechnology

Ridge Diagnostics, Inc.

LA JOLLA · Biotechnology

Diligence memoA one-page analyst read on Ridge Diagnostics, Inc. — recommendation, valuation, rhythm, risks.
$7.4M
Total raised · real
3
Rounds
0.0×
Latest step-up
Top 51%
Sector rank · raised
Series A
Latest stage · inferred · Fri Apr 05 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Ridge Diagnostics, 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 0.06× the median modeled value of Series A Biotechnology companies in 2013–2015 (111 peers) — value vs value, same stage and era.
Dormant
  • Last raise 13.2 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

Ridge Diagnostics, Inc. is one of 4291 Biotechnology companies tracked from LA JOLLA. By capital raised it ranks mid-pack (ahead of 50% 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
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$125M$250M$375M$500MPre-Seed · 2010-05-07 Raised $577K (real) Modeled valuation $32M (est)$577K$32MPre-Seed2010Series A · 2012-03-09 Raised $6.6M (real) Modeled valuation $239M (est)$6.6M$239MSeries A2012Series A · 2013-04-05 Raised $250K (real) Modeled valuation $9.0M (est)$250K$9.0MSeries A2013+$6.6M+$250KCumulative $7.4M

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$577K · 2010
Series A$6.6M · 2012no Seed on file
Series A extension$250K · 2013

Stages are modeled from round size (public records carry no series label). No record for: Seed — 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
$9.0M
Base estimate est.
$273K
Conservative case
$49.1M
Upside case
$1.1M
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 $31.9M · 2010-05-072010Series A · modeled $238.8M · 2012-03-09Series A · modeled $9.0M · 2013-04-052013
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
13.2 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$2.6M/yr
Capital velocity
16.2 yr
On record since
2010
First round
3
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) 1.0× above median
This company$7.4M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.0× of median
This company$250K
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$9.0M
Sector median$64.2M

Raised more than 50% of sector peers (real $). Modeled value above 17% 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 #105 of 111.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Dnanexus, Inc. · Series A Raised $31.6M · modeled $542.3M (est)Foresight Biotherapeutics, Inc. · Series A Raised $17.0M · modeled $542.3M (est)AuraSense Therapeutics, LLC · Series A Raised $33.6M · modeled $535.0M (est)Zyomyx Inc · Series A Raised $15.2M · modeled $514.1M (est)Thrasos Innovation Inc. · Series A Raised $14.0M · modeled $506.1M (est)Champions Oncology, Inc. · Series A Raised $36.8M · modeled $506.1M (est)Merganser Biotech, Inc. · Series A Raised $21.1M · modeled $473.5M (est)Progenics Pharmaceuticals Inc · Series A Raised $12.9M · modeled $467.2M (est)GeneWeave Biosciences, Inc. · Series A Raised $36.3M · modeled $441.0M (est)Aeglea BioTherapeutics Holdings, LLC · Series A Raised $15.8M · modeled $387.1M (est)Hydra Biosciences Inc · Series A Raised $10.5M · modeled $379.9M (est)Brainstorm Cell Therapeutics Inc. · Series A Raised $12.3M · modeled $379.6M (est)Ridge Diagnostics, Inc. (this company) Raised $7.4M · modeled $9.0M (est)Ridge Diagnostics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Dnanexus, Inc.Series A$31.6M$542.3M3.41×
Foresight Biotherapeutics, Inc.Series A$17.0M$542.3M3.41×
AuraSense Therapeutics, LLCSeries A$33.6M$535.0M3.36×
Zyomyx IncSeries A$15.2M$514.1M3.23×
Thrasos Innovation Inc.Series A$14.0M$506.1M3.18×
Champions Oncology, Inc.Series A$36.8M$506.1M3.18×
Merganser Biotech, Inc.Series A$21.1M$473.5M2.98×
Progenics Pharmaceuticals IncSeries A$12.9M$467.2M2.94×
GeneWeave Biosciences, Inc.Series A$36.3M$441.0M2.77×
Aeglea BioTherapeutics Holdings, LLCSeries A$15.8M$387.1M2.43×
Hydra Biosciences IncSeries A$10.5M$379.9M2.39×
Brainstorm Cell Therapeutics Inc.Series A$12.3M$379.6M2.39×
Ridge Diagnostics, Inc. this companySeries A$7.4M$9.0M0.06×
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$577K2010-05-07$3.2M$31.9M90%
Series A$6.6M2012-03-09$30.0M$238.8M90%
Series A$250K2013-04-05$1.1M$9.0M90%
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$577K2010-05-07
    • First recorded raise — entered as Pre-Seed.
  2. Series A$6.6M2012-03-09
    • Raised again after 22 mo — slower than the ~14 mo sector norm.
    • Round 11.4× larger than the prior — scaling up.
  3. Series A$250K2013-04-05
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 26.4× smaller than the prior — bridge or down round.
Intelligence
2014 ~Q3
Modeled next raise · ~17mo cadence
$250K
Modeled next size est.range $250K$400K
0.0×
Last step-up
$2.6M/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
David F Hale15 other2010-05
Charles J. Cashion1 other2010-05
Stan F. Sewitch1 other2010-05
Ancelmo A. Lopes2012-03
Bo A. Pi, Ph.D.2012-03
David A. Vandertie2010-05
Gregory M. Decker2013-04
John A. Bilello, Ph.D.2012-03
John J. Bilello2010-05
Karen A. Klause2010-05
Lonna J. Williams2010-05
Perry A. Renshaw, M.D., Ph.D.2012-03
Registry & provenance

Ridge 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
1493443
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
Recros Medica, Inc.BiotechnologySeries A$9.9M$149.0Mnetwork1 shared operator · same sector · same stage
Dermata Therapeutics, LLCBiotechnologySeries A$16.2M$106.1Mnetwork1 shared operator · same sector · same stage
Histogen Inc.BiotechnologySeries B$94.9M$82.8Mnetwork2 shared operators · same sector
Biocept IncBiotechnologySeries A$35.7M$366.4Mnetwork1 shared operator · same sector · same stage
Mdrejuvena, Inc.BiotechnologySeed$6.2M$107.5Mnetwork1 shared operator · same sector
Profectus Biosciences, IncBiotechnologySeries A$7.3M$10.8Msame sector · same stage
EtiraRX, Inc.BiotechnologySeries A$7.2M$8.0Msame sector · same stage
Cocoon Biotech Inc.BiotechnologySeries A$7.8M$8.2Msame sector · same stage
Frequently asked
How much funding has Ridge Diagnostics, Inc. raised?
Ridge Diagnostics, Inc. has raised approximately $7.4M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Ridge Diagnostics, Inc.'s estimated valuation?
Provath's modeled valuation for Ridge Diagnostics, Inc. is approximately $9.0M (modeled range $273K–$49.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ridge Diagnostics, Inc. at?
Ridge Diagnostics, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Apr 05.
What does Ridge Diagnostics, Inc. do and where is it based?
Ridge Diagnostics, Inc. operates in the Biotechnology sector, based in LA JOLLA.
Explore related

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