Companies · Biotechnology

Spinal Balance, Inc.

Swanton · Biotechnology

Diligence memoA one-page analyst read on Spinal Balance, Inc. — recommendation, valuation, rhythm, risks.
$4.3M
Total raised · real
1
Rounds
0.9×
Latest step-up
Top 61%
Sector rank · raised
Series A
Latest stage · inferred · Tue Nov 10 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

Spinal Balance, 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 0.98× the median modeled value of Series A Biotechnology companies in 2013–2015 (111 peers) — value vs value, same stage and era.
  • Within the normal band (98% of peer median) for its niche.
Dormant
  • Last raise 10.6 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 Biotechnology

Spinal Balance, Inc. is one of 4293 Biotechnology companies tracked from Swanton. By capital raised it ranks mid-pack (ahead of 40% 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
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
30
Investors (latest)
2013
Year incorporated
2015-11-10
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$200MPre-Seed · 2015-11-10 Raised $100K (real) Modeled valuation $5.5M (est)Pre-Seed2015Seed · 2015-11-10 Raised $3.1M (real) Modeled valuation $137M (est)Seed2015Seed · 2015-11-10 Raised $2.8M (real) Modeled valuation $126M (est)Seed2015Pre-Seed · 2015-11-10 Raised $600K (real) Modeled valuation $33M (est)Pre-Seed2015Pre-Seed · 2015-11-10 Raised $500K (real) Modeled valuation $28M (est)Pre-Seed2015Series A · 2015-11-10 Raised $4.3M (real) Modeled valuation $155M (est)Series A2015Seed · 2015-11-10 Raised $4.0M (real) Modeled valuation $177M (est)Seed2015Seed · 2015-11-10 Raised $3.7M (real) Modeled valuation $166M (est)Seed2015+$3.1M+$2.8M+$600K+$500K+$4.3M+$4.0M+$3.7MCumulative $19M

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$100K · 2015
Seed$3.1M · 2015
Seed extension$2.8M · 2015
Bridge · Seed-stage$600K · 2015smaller follow-on
Bridge · Seed-stage$500K · 2015smaller follow-on
Series A$4.3M · 2015
Bridge · Series A-stage$4.0M · 2015smaller follow-on
Bridge · Series A-stage$3.7M · 2015smaller follow-on

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

Modeled valuation trajectory
$155.1M
Base estimate est.
$4.7M
Conservative case
$843.3M
Upside case
$19.5M
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 $5.5M · 2015-11-102015Seed · modeled $137.2M · 2015-11-10Seed · modeled $126.1M · 2015-11-10Pre-Seed · modeled $33.1M · 2015-11-10Pre-Seed · modeled $27.6M · 2015-11-10Series A · modeled $155.1M · 2015-11-10Seed · modeled $177.2M · 2015-11-10Seed · modeled $166.1M · 2015-11-102015
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
10.6 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
10.6 yr
On record since
2015
First round
8
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) 0.6× of median
This company$4.3M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.7× of median
This company$3.7M
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 2.4× above median
This company$155.1M
Sector median$64.2M

Raised more than 40% of sector peers (real $). Modeled value above 67% 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 #60 of 111.

This companyCohort peer
$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)Champions Oncology, Inc. · Series A Raised $36.8M · modeled $506.1M (est)Thrasos Innovation Inc. · Series A Raised $14.0M · 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)Spinal Balance, Inc. (this company) Raised $4.3M · modeled $155.1M (est)Spinal Balance, 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×
Champions Oncology, Inc.Series A$36.8M$506.1M3.18×
Thrasos Innovation Inc.Series A$14.0M$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×
Spinal Balance, Inc. this companySeries A$4.3M$155.1M0.98×
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$100K2015-11-10$556K$5.5M85%
Seed$3.1M2015-11-10$15.5M$137.2M90%
Seed$2.8M2015-11-10$14.2M$126.1M90%
Pre-Seed$600K2015-11-10$3.3M$33.1M90%
Pre-Seed$500K2015-11-10$2.8M$27.6M85%
Series A$4.3M2015-11-10$19.5M$155.1M90%
Seed$4.0M2015-11-10$20.0M$177.2M90%
Seed$3.7M2015-11-10$18.7M$166.1M90%
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$100K2015-11-10
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Seed$3.1M2015-11-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 30.9× larger than the prior — scaling up.
    • Revenue band moved No revenue → $1M–$5M.
    • 22 investors on this round.
  3. Seed$2.8M2015-11-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 17 investors on this round.
  4. Pre-Seed$600K2015-11-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.7× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  5. Pre-Seed$500K2015-11-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Revenue band moved $1M–$5M → No revenue.
    • 6 investors on this round.
  6. Series A$4.3M2015-11-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 8.6× larger than the prior — scaling up.
    • Revenue band moved No revenue → $1M–$5M.
    • 34 investors on this round.
  7. Seed$4.0M2015-11-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 31 investors on this round.
  8. Seed$3.7M2015-11-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 30 investors on this round.
Intelligence
Modeled next raise
$3.7M
Modeled next size est.range $3.7M$6.0M
0.9×
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
Anand K Agarwal1 other2015-11
Vijay K Goel1 other2015-11
Arthur K Karas2015-11
Registry & provenance

Spinal Balance, 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
1658710
SEC CIK
2013
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.

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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
Spinal Simplicity, LLCBiotechnologySeries A$25.8M92%
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Neuro Spine Ventures, LLCBiotechnologyPre-Seed$1.8M91%
Spineology IncBiotechnologySeries B$35.0M91%
Rebalance Health, Inc.BiotechnologySeries A$58.9M88%
Additive Spine, LLCBiotechnologyPre-Seed$12.7M88%
Aegis Spine, Inc.BiotechnologySeed$35.6M88%
Intralink Spine, Inc.BiotechnologyPre-Seed$44.2M87%
Frequently asked
How much funding has Spinal Balance, Inc. raised?
Spinal Balance, Inc. has raised approximately $4.3M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Spinal Balance, Inc.'s estimated valuation?
Provath's modeled valuation for Spinal Balance, Inc. is approximately $155.1M (modeled range $4.7M–$843.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spinal Balance, Inc. at?
Spinal Balance, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Nov 10.
What does Spinal Balance, Inc. do and where is it based?
Spinal Balance, Inc. operates in the Biotechnology sector, based in Swanton.
Explore related

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