Companies · Biotechnology

Roka BioScience, Inc.

Warren · Biotechnology

Diligence memoA one-page analyst read on Roka BioScience, Inc. — recommendation, valuation, rhythm, risks.
$141.4M
Total raised · real
6
Rounds
1.3×
Latest step-up
Top 7%
Sector rank · raised
Series B
Latest stage · inferred · Wed Sep 21 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Roka BioScience, Inc. looks fair 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.

Fair
  • Modeled value is 1.13× the median modeled value of Series B Biotechnology companies in 2016–2018 (101 peers) — value vs value, same stage and era.
  • Within the normal band (113% of peer median) for its niche.
Dormant
  • Last raise 9.8 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

Roka BioScience, Inc. is one of 4291 Biotechnology companies tracked from Warren. By capital raised it ranks among the largest (ahead of 94% of sector peers), and in the upper tier 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$500M$1.0B$1.5B$2.0BSeries B · 2009-09-10 Raised $28M (real) Modeled valuation $1.1B (est)$28M$1.1BSeries B2009Series B · 2009-09-10 Raised $20M (real) Modeled valuation $794M (est)$20M$794MSeries B2009Series B · 2009-09-10 Raised $29M (real) Modeled valuation $1.2B (est)$29M$1.2BSeries B2009Series B · 2013-06-13 Raised $25M (real) Modeled valuation $992M (est)$25M$992MSeries B2013Series B · 2013-11-20 Raised $17M (real) Modeled valuation $675M (est)$17M$675MSeries B2013Series B · 2016-09-21 Raised $23M (real) Modeled valuation $893M (est)$23M$893MSeries B2016+$20M+$29M+$25M+$17M+$23MCumulative $141M

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 B$27.5M · 2009
Series B extension$20.0M · 2009
Series B extension$29.4M · 2009
Series B extension$25.0M · 2013
Series B extension$17.0M · 2013
Series B extension$22.5M · 2016

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$893.0M
Base estimate est.
$45.0M
Conservative case
$3.4B
Upside case
$125.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Series B · modeled $1.1B · 2009-09-102009Series B · modeled $793.8M · 2009-09-10Series B · modeled $1.2B · 2009-09-10Series B · modeled $992.2M · 2013-06-13Series B · modeled $674.6M · 2013-11-20Series B · modeled $893.0M · 2016-09-212016
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
36% low · 66% high
1.54×/yr
Annual markup
1.86×/yr upside case
6.0 yr
Elapsed time used
9.8 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$20.1M/yr
Capital velocity
16.8 yr
On record since
2009
First round
6
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) 20× above median
This company$141.4M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.3× above median
This company$22.5M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 14× above median
This company$893.0M
Sector median$64.2M

Raised more than 94% of sector peers (real $). Modeled value above 88% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #36 of 101.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Liquid BioScience, Inc. · Series B Raised $40.0M · modeled $1.6B (est)Amphivena Therapeutics, Inc. · Series B Raised $65.2M · modeled $1.5B (est)Tracon Pharmaceuticals, Inc. · Series B Raised $57.7M · modeled $1.5B (est)Tetra Discovery Partners, Inc. · Series B Raised $40.5M · modeled $1.4B (est)ECM Therapeutics, Inc. · Series B Raised $35.2M · modeled $1.4B (est)Recombinetics, Inc · Series B Raised $54.7M · modeled $1.3B (est)Mersana Therapeutics Inc · Series B Raised $93.7M · modeled $1.3B (est)Atox Bio Inc. · Series B Raised $35.1M · modeled $1.3B (est)Valeritas Holdings Inc. · Series B Raised $58.2M · modeled $1.3B (est)Obsidian Therapeutics, Inc. · Series B Raised $32.4M · modeled $1.3B (est)Cellular Biomedicine Group, Inc. · Series B Raised $40.5M · modeled $1.2B (est)Altor Bioscience Corp · Series B Raised $80.1M · modeled $1.2B (est)Roka BioScience, Inc. (this company) Raised $141.4M · modeled $893.0M (est)Roka BioScience, Inc.
CompanyStageRaised · realValue · estvs peer med.
Liquid BioScience, Inc.Series B$40.0M$1.6B2.00×
Amphivena Therapeutics, Inc.Series B$65.2M$1.5B1.93×
Tracon Pharmaceuticals, Inc.Series B$57.7M$1.5B1.93×
Tetra Discovery Partners, Inc.Series B$40.5M$1.4B1.79×
ECM Therapeutics, Inc.Series B$35.2M$1.4B1.76×
Recombinetics, IncSeries B$54.7M$1.3B1.68×
Mersana Therapeutics IncSeries B$93.7M$1.3B1.65×
Atox Bio Inc.Series B$35.1M$1.3B1.65×
Valeritas Holdings Inc.Series B$58.2M$1.3B1.65×
Obsidian Therapeutics, Inc.Series B$32.4M$1.3B1.62×
Cellular Biomedicine Group, Inc.Series B$40.5M$1.2B1.53×
Altor Bioscience CorpSeries B$80.1M$1.2B1.52×
Roka BioScience, Inc. this companySeries B$141.4M$893.0M1.13×
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 B$27.5M2009-09-10$152.8M$1.1B90%
Series B$20.0M2009-09-10$111.1M$793.8M90%
Series B$29.4M2009-09-10$163.5M$1.2B90%
Series B$25.0M2013-06-13$138.9M$992.2M90%
Series B$17.0M2013-11-20$94.4M$674.6M90%
Series B$22.5M2016-09-21$125.0M$893.0M90%
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. Series B$27.5M2009-09-10
    • First recorded raise — entered as Series B.
  2. Series B$20.0M2009-09-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
  3. Series B$29.4M2009-09-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
  4. Series B$25.0M2013-06-13
    • Raised again after 45 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
  5. Series B$17.0M2013-11-20
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
  6. Series B$22.5M2016-09-21
    • Raised again after 34 mo — slower than the ~14 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
Intelligence
2018 ~Q1
Modeled next raise · ~17mo cadence
$29.8M
Modeled next size est.range $22.5M$47.7M
1.3×
Last step-up
$20.1M/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
Fred Cohen11 other2013-11
Jonathan Silverstein9 other2013-06
Fred G. Cohen2 other2016-09
Fred J Cohen1 other2013-06
Michael P. Doyle1 other2013-06
Paul Thomas1 other2009-09
David G. McGirr2016-09
Jim Barret, PhD2013-06
Jim G. Barret, PhD2016-09
Jonathan G. Silverstein2016-09
Josh Bilenker, MD2013-06
Lars Boesgaard2016-09
Michael J. Watts2013-06
Nicholas G. Valeriani2016-09
Paul G. Thomas2016-09
Paul T. Thomas2009-09
Steven Sobieski2009-09
Steven T. Sobieski2009-09
Registry & provenance

Roka BioScience, 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
1472343
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.

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Proteogenix IncBiotechnologySeries A$8.0M$144.6Mnetwork2 shared operators · same sector
Cell Design Labs, Inc.BiotechnologySeries B$26.9M$158.8Mnetwork1 shared operator · same sector · same stage
Adicet Bio, Inc.BiotechnologySeries C$116.8M$3.3Bnetwork1 shared operator · same sector
Regado Biosciences IncBiotechnologySeries B$141.7M$793.8Msame sector · same stage
Frequently asked
How much funding has Roka BioScience, Inc. raised?
Roka BioScience, Inc. has raised approximately $141.4M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Roka BioScience, Inc.'s estimated valuation?
Provath's modeled valuation for Roka BioScience, Inc. is approximately $893.0M (modeled range $45.0M–$3.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Roka BioScience, Inc. at?
Roka BioScience, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Sep 21.
What does Roka BioScience, Inc. do and where is it based?
Roka BioScience, Inc. operates in the Biotechnology sector, based in Warren.
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