Companies · Other Health Care

Spark Biomedical Inc.

DALLAS · Other Health Care

Diligence memoA one-page analyst read on Spark Biomedical Inc. — recommendation, valuation, rhythm, risks.
$16.2M
Total raised · real
1
Rounds
Latest step-up
Top 19%
Sector rank · raised
Series B
Latest stage · inferred · Tue Mar 07 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Spark Biomedical 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 health care 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 1.04× the median modeled value of Series B Other Health Care companies in 2022–2024 (91 peers) — value vs value, same stage and era.
  • Within the normal band (104% of peer median) for its niche.
Dormant
  • Last raise 3.3 yr ago; this sector typically re-raises about every 14 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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 Other Health Care

Spark Biomedical Inc. is one of 5377 Other Health Care companies tracked from DALLAS. By capital raised it ranks in the upper tier (ahead of 82% 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
Rule 506(b)
Reg D exemption
127
Investors (latest)
2023
Year incorporated
2023-03-07
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$200MSeries B · 2023-03-07 Raised $16M (real) Modeled valuation $159M (est)$16M$159MSeries B2023

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$16.2M · 2023

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
$158.8M
Base estimate est.
$38.2M
Conservative case
$366.0M
Upside case
$90.2M
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 health care sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.36×/yr
Annual markup
1.64×/yr upside case
3.3 yr
Elapsed time used
3.3 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
3.3 yr
On record since
2023
First round
1
Rounds on file
How it compares to the market

Benchmarked against 5377 companies in Other Health Care. 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) 6.7× above median
This company$16.2M
Sector median$2.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.9× of median
This company$16.2M
Sector median$17.8M
Modeled value — vs sector median (estimate, all stages) 7.2× above median
This company$158.8M
Sector median$22.1M

Raised more than 82% of sector peers (real $). Modeled value above 85% 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 #44 of 91.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Code Biotherapeutics, Inc. · Series B Raised $47.5M · modeled $465.8M (est)Candesant Biomedical, Inc. · Series B Raised $44.5M · modeled $455.3M (est)Artis Holdings, LLC · Series B Raised $40.0M · modeled $383.5M (est)GIO Blood Ltd · Series B Raised $27.3M · modeled $375.5M (est)Clarapath, Inc. · Series B Raised $40.2M · modeled $348.4M (est)Diality Inc · Series B Raised $42.9M · modeled $337.7M (est)VA Pro 7 SNF Operations Holdings LLC · Series B Raised $32.0M · modeled $333.3M (est)VivoSense, Inc. · Series B Raised $27.0M · modeled $332.6M (est)Tidal Wave GPO, LLC · Series B Raised $34.8M · modeled $324.6M (est)Peachy Corp. · Series B Raised $25.1M · modeled $309.9M (est)Smile Source Holdings, L.P. · Series B Raised $32.2M · modeled $309.0M (est)ASC San Rafael LLC · Series B Raised $28.3M · modeled $295.1M (est)Spark Biomedical Inc. (this company) Raised $16.2M · modeled $158.8M (est)Spark Biomedical Inc.
CompanyStageRaised · realValue · estvs peer med.
Code Biotherapeutics, Inc.Series B$47.5M$465.8M3.06×
Candesant Biomedical, Inc.Series B$44.5M$455.3M2.99×
Artis Holdings, LLCSeries B$40.0M$383.5M2.52×
GIO Blood LtdSeries B$27.3M$375.5M2.47×
Clarapath, Inc.Series B$40.2M$348.4M2.29×
Diality IncSeries B$42.9M$337.7M2.22×
VA Pro 7 SNF Operations Holdings LLCSeries B$32.0M$333.3M2.19×
VivoSense, Inc.Series B$27.0M$332.6M2.19×
Tidal Wave GPO, LLCSeries B$34.8M$324.6M2.13×
Peachy Corp.Series B$25.1M$309.9M2.04×
Smile Source Holdings, L.P.Series B$32.2M$309.0M2.03×
ASC San Rafael LLCSeries B$28.3M$295.1M1.94×
Spark Biomedical Inc. this companySeries B$16.2M$158.8M1.04×
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$16.2M2023-03-07$90.2M$158.8M90%
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. Series B$16.2M2023-03-07
    • First recorded raise — entered as Series B.
    • 127 investors on this round.
Intelligence
Modeled next raise
$26.0M
Modeled next size est.range $16.9M$41.6M
Last step-up
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
Daniel Powell1 other2023-03
Alejandro R. Covalin2023-03
Carl R. Deeley2023-03
Navid Khodaparast2023-03
Ted R. Costopoulos2023-03
Registry & provenance

Spark Biomedical 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
1975271
SEC CIK
2023
Incorporated
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
Hyprevention Inc.Other Health CareSeries B$16.1M$113.2Msame sector · same stage
Hope River Ranch, LLCOther Health CareSeries B$15.7M$109.7Msame sector · same stage
Zandivio PLCOther Health CareSeries B$16.9M$187.9Msame sector · same stage
iVEAcare, Inc.Other Health CareSeries B$15.5M$108.6Msame sector · same stage
EndoscopyMD Holdings, LLCOther Health CareSeries B$17.1M$157.1Msame sector · same stage
Motif Neurotech, Inc.Other Health CareSeries B$15.3M$115.6Msame sector · same stage
TGHCo, Inc.Other Health CareSeries B$15.0M$178.2Msame sector · same stage
Synvitrobio, Inc.Other Health CareSeries B$17.6M$147.1Msame 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
Spark Health Inc.HealthtechSeries A$146.8M92%
SparkMD Inc.OtherSeries A$90.5M84%
Quality Biomedical, Inc.Other Health CareSeries A$100.9M84%
Colorescience IncOther Health CareSeries B$66.5M84%
Cardionomic, Inc.Other Health CareSeries B$76.3M83%
BioMedx Group, Inc.Other Health CarePre-Seed$14.0M83%
Beta Bionics, IncOther Health CareSeries C$1.0B83%
Biolectrics LLCOther Health CareSeed$12.9M83%
Frequently asked
How much funding has Spark Biomedical Inc. raised?
Spark Biomedical Inc. has raised approximately $16.2M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Spark Biomedical Inc.'s estimated valuation?
Provath's modeled valuation for Spark Biomedical Inc. is approximately $158.8M (modeled range $38.2M–$366.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spark Biomedical Inc. at?
Spark Biomedical Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Mar 07.
What does Spark Biomedical Inc. do and where is it based?
Spark Biomedical Inc. operates in the Other Health Care sector, based in DALLAS.
Explore related

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