Companies · Biotechnology

Smisson-Cartledge Biomedical, LLC

MACON · Biotechnology

Diligence memoA one-page analyst read on Smisson-Cartledge Biomedical, LLC — recommendation, valuation, rhythm, risks.
$3.4M
Total raised · real
4
Rounds
2.0×
Latest step-up
Top 65%
Sector rank · raised
Seed
Latest stage · inferred · Tue Jul 10 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

Smisson-Cartledge Biomedical, LLC 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 1.03× the median modeled value of Seed Biotechnology companies in 2010–2012 (151 peers) — value vs value, same stage and era.
  • Within the normal band (103% of peer median) for its niche.
Dormant
  • Last raise 14.0 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Smisson-Cartledge Biomedical, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
15.6 yr record
Peak capital year was 2012 with $3.0M across 2 filings.
Market position
ahead of 36% of Biotechnology peers
Capital scale is ahead of 36% of Biotechnology peers; modeled value is above 56% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2012: $3.0M across 2 filings.
  • Largest single filing was $2.0M on 2012-07-10.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

Smisson-Cartledge Biomedical, LLC is one of 4293 Biotechnology companies tracked from MACON. By capital raised it ranks in the long tail (ahead of 36% 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.

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$25M$50M$75M$100MPre-Seed · 2010-12-01 Raised $116K (real) Modeled valuation $6.4M (est)$116K$6.4MPre-Seed2010Pre-Seed · 2011-10-12 Raised $317K (real) Modeled valuation $17M (est)$317K$17MPre-Seed2011Pre-Seed · 2012-04-16 Raised $1.0M (real) Modeled valuation $55M (est)$1.0M$55MPre-Seed2012Seed · 2012-07-10 Raised $2.0M (real) Modeled valuation $89M (est)$2.0M$89MSeed2012+$317K+$1.0M+$2.0MCumulative $3.4M

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$116K · 2010
Pre-Seed extension$317K · 2011
Pre-Seed extension$1.0M · 2012
Seed$2.0M · 2012

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

Modeled valuation trajectory
$88.8M
Base estimate est.
$1.4M
Conservative case
$696.8M
Upside case
$10.0M
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.

Pre-Seed · modeled $6.4M · 2010-12-012010Pre-Seed · modeled $17.5M · 2011-10-12Pre-Seed · modeled $55.2M · 2012-04-16Seed · modeled $88.8M · 2012-07-102012
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
14.0 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$2.1M/yr
Capital velocity
15.6 yr
On record since
2010
First round
4
Rounds on file
How it compares to the market

Benchmarked against 4293 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) 0.5× of median
This company$3.4M
Sector median$7.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.2× above median
This company$2.0M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 1.4× above median
This company$88.8M
Sector median$64.2M

Raised more than 36% of sector peers (real $). Modeled value above 56% 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 #71 of 151.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Denali Medical II, Inc. · Seed Raised $4.0M · modeled $177.6M (est)Signum Biosciences, Inc. · Seed Raised $4.0M · modeled $177.6M (est)Health Elements, LLC · Seed Raised $4.0M · modeled $177.6M (est)Nkt Therapeutics Inc · Seed Raised $4.0M · modeled $177.6M (est)Surface Logix Inc · Seed Raised $4.0M · modeled $177.6M (est)Fe3 Medical, Inc. · Seed Raised $5.4M · modeled $177.1M (est)Proteonomix, Inc. · Seed Raised $3.8M · modeled $169.0M (est)SRS Medical Systems, Inc. · Seed Raised $3.8M · modeled $167.4M (est)Origen Therapeutics Inc /Ca · Seed Raised $3.7M · modeled $166.2M (est)Vivebio, LLC · Seed Raised $3.7M · modeled $163.1M (est)O2 Medtech Inc · Seed Raised $7.1M · modeled $160.3M (est)Biothera, Inc. · Seed Raised $3.5M · modeled $155.4M (est)Smisson-Cartledge Biomedical, LLC (this company) Raised $3.4M · modeled $88.8M (est)Smisson-Cartledge Biomedical, LLC
CompanyStageRaised · realValue · estvs peer med.
Denali Medical II, Inc.Seed$4.0M$177.6M2.05×
Signum Biosciences, Inc.Seed$4.0M$177.6M2.05×
Health Elements, LLCSeed$4.0M$177.6M2.05×
Nkt Therapeutics IncSeed$4.0M$177.6M2.05×
Surface Logix IncSeed$4.0M$177.6M2.05×
Fe3 Medical, Inc.Seed$5.4M$177.1M2.05×
Proteonomix, Inc.Seed$3.8M$169.0M1.95×
SRS Medical Systems, Inc.Seed$3.8M$167.4M1.93×
Origen Therapeutics Inc /CaSeed$3.7M$166.2M1.92×
Vivebio, LLCSeed$3.7M$163.1M1.88×
O2 Medtech IncSeed$7.1M$160.3M1.85×
Biothera, Inc.Seed$3.5M$155.4M1.79×
Smisson-Cartledge Biomedical, LLC this companySeed$3.4M$88.8M1.03×
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$116K2010-12-01$647K$6.4M90%
Pre-Seed$317K2011-10-12$1.8M$17.5M90%
Pre-Seed$1.0M2012-04-16$5.6M$55.2M90%
Seed$2.0M2012-07-10$10.0M$88.8M90%
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$116K2010-12-01
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$317K2011-10-12
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
  3. Pre-Seed$1.0M2012-04-16
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
  4. Seed$2.0M2012-07-10
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
Intelligence
2013 ~Q1
Modeled next raise · ~6mo cadence
$4.0M
Modeled next size est.range $2.6M$6.4M
2.0×
Last step-up
$2.1M/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
Calder B. Clay III2010-12
Christopher T. Collins2011-10
David C. Field2010-12
Hugh F. Smisson III, M.D.2010-12
Richard G. Cartledge, M.D.2010-12
Steve T. Zenczak2011-10
Steve T. Zenezak2012-04
Steve W. Zenczak2010-12
Ted B. Graham2010-12
Thomas W. Glasgow, Jr.2010-12
Registry & provenance

Smisson-Cartledge Biomedical, LLC 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
1507992
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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Inventprise LLCBiotechnologySeed$3.5M$74.2Msame sector · same stage
SummaCor, Inc.BiotechnologySeed$3.5M$76.5Msame sector · same stage
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Frequently asked
How much funding has Smisson-Cartledge Biomedical, LLC raised?
Smisson-Cartledge Biomedical, LLC has raised approximately $3.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Smisson-Cartledge Biomedical, LLC's estimated valuation?
Provath's modeled valuation for Smisson-Cartledge Biomedical, LLC is approximately $88.8M (modeled range $1.4M–$696.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Smisson-Cartledge Biomedical, LLC at?
Smisson-Cartledge Biomedical, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Jul 10.
What does Smisson-Cartledge Biomedical, LLC do and where is it based?
Smisson-Cartledge Biomedical, LLC operates in the Biotechnology sector, based in MACON.
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