Companies · Biotechnology

Volitionrx Ltd

Henderson · Biotechnology

Diligence memoA one-page analyst read on Volitionrx Ltd — recommendation, valuation, rhythm, risks.
$58.0M
Total raised · real
14
Rounds
1.4×
Latest step-up
Top 17%
Sector rank · raised
Series B
Latest stage · inferred · Tue May 20 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Volitionrx Ltd looks fair against its niche peers and is active 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 1.43× the median modeled value of Series B Biotechnology companies in 2025–2027 (94 peers) — value vs value, same stage and era.
  • Within the normal band (143% of peer median) for its niche.
Active
  • Last raise 13 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Volitionrx Ltd is one of 4291 Biotechnology companies tracked from Henderson. By capital raised it ranks in the upper tier (ahead of 84% 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
Rule 506(b)
Reg D exemption
1
Investors (latest)
2025-05-20
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$250M$500M$750M$1.0BSeed · 2011-10-06 Raised $1.7M (real) Modeled valuation $77M (est)Seed2011Seed · 2012-04-24 Raised $1.2M (real) Modeled valuation $53M (est)Seed2012Seed · 2013-03-25 Raised $490K (real) Modeled valuation $22M (est)Seed2013Seed · 2013-05-01 Raised $416K (real) Modeled valuation $18M (est)Seed2013Seed · 2013-06-10 Raised $595K (real) Modeled valuation $26M (est)Seed2013Seed · 2013-11-25 Raised $935K (real) Modeled valuation $42M (est)Seed2013Seed · 2014-02-26 Raised $3.0M (real) Modeled valuation $133M (est)Seed2014Seed · 2014-09-24 Raised $1.2M (real) Modeled valuation $53M (est)Seed2014Seed · 2014-09-26 Raised $750K (real) Modeled valuation $33M (est)Seed2014Seed · 2014-10-09 Raised $229K (real) Modeled valuation $10M (est)Seed2014Seed · 2014-11-17 Raised $722K (real) Modeled valuation $32M (est)Seed2014Series B · 2018-08-10 Raised $24M (real) Modeled valuation $953M (est)Series B2018Series B · 2024-03-12 Raised $100K (real) Modeled valuation $812K (est)Series B2024Series B · 2025-05-20 Raised $16M (real) Modeled valuation $79M (est)Series B2025Series B · 2025-05-20 Raised $23M (real) Modeled valuation $110M (est)Series B2025Cumulative $74M

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
Seed$1.7M · 2011
Seed extension$1.2M · 2012
Seed extension$490K · 2013
Seed extension$416K · 2013
Seed extension$595K · 2013
Seed extension$935K · 2013
Seed extension$3.0M · 2014
Seed extension$1.2M · 2014
Seed extension$750K · 2014
Seed extension$229K · 2014
Seed extension$722K · 2014
Series B$24.0M · 2018no Series A on file
Series B extension$100K · 2024
Series B extension$16.3M · 2025
Series B extension$22.6M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$110.4M
Base estimate est.
$45.3M
Conservative case
$166.8M
Upside case
$125.8M
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.

Seed · modeled $76.7M · 2011-10-062011Seed · modeled $53.5M · 2012-04-24Seed · modeled $21.7M · 2013-03-25Seed · modeled $18.5M · 2013-05-01Seed · modeled $26.4M · 2013-06-10Seed · modeled $41.5M · 2013-11-25Seed · modeled $133.2M · 2014-02-26Seed · modeled $52.8M · 2014-09-24Seed · modeled $33.3M · 2014-09-26Seed · modeled $10.2M · 2014-10-09Seed · modeled $32.1M · 2014-11-17Series B · modeled $952.5M · 2018-08-10Series B · modeled $812K · 2024-03-12Series B · modeled $79.2M · 2025-05-20Series B · modeled $110.4M · 2025-05-202025
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
1.1 yr
Elapsed time used
1.1 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$4.3M/yr
Capital velocity
14.7 yr
On record since
2011
First round
15
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) 8.1× above median
This company$58.0M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.3× above median
This company$22.6M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 1.7× above median
This company$110.4M
Sector median$64.2M

Raised more than 84% of sector peers (real $). Modeled value above 61% 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 #21 of 94.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)MarvelBiome, Inc. · Series B Raised $54.9M · modeled $163.1M (est)Iantrek, Inc. · Series B Raised $58.2M · modeled $152.2M (est)Dualitas Therapeutics, Inc. · Series B Raised $32.6M · modeled $150.2M (est)Antares Therapeutics, Inc. · Series B Raised $70.0M · modeled $149.6M (est)OrthoBio Therapeutics, Inc. · Series B Raised $31.4M · modeled $147.3M (est)Medcura, Inc. · Series B Raised $40.9M · modeled $144.9M (est)Neurolutions Inc · Series B Raised $26.5M · modeled $144.7M (est)Renasant Bio, Inc. · Series B Raised $55.5M · modeled $143.9M (est)Caldera Therapeutics, Inc. · Series B Raised $37.5M · modeled $139.0M (est)VitriVax, Inc. · Series B Raised $29.4M · modeled $136.7M (est)DiaMedica Therapeutics Inc. · Series B Raised $110.4M · modeled $136.1M (est)OmniAb, Inc. · Series B Raised $30.0M · modeled $130.4M (est)Volitionrx Ltd (this company) Raised $58.0M · modeled $110.4M (est)Volitionrx Ltd
CompanyStageRaised · realValue · estvs peer med.
MarvelBiome, Inc.Series B$54.9M$163.1M2.11×
Iantrek, Inc.Series B$58.2M$152.2M1.97×
Dualitas Therapeutics, Inc.Series B$32.6M$150.2M1.94×
Antares Therapeutics, Inc.Series B$70.0M$149.6M1.93×
OrthoBio Therapeutics, Inc.Series B$31.4M$147.3M1.90×
Medcura, Inc.Series B$40.9M$144.9M1.87×
Neurolutions IncSeries B$26.5M$144.7M1.87×
Renasant Bio, Inc.Series B$55.5M$143.9M1.86×
Caldera Therapeutics, Inc.Series B$37.5M$139.0M1.80×
VitriVax, Inc.Series B$29.4M$136.7M1.77×
DiaMedica Therapeutics Inc.Series B$110.4M$136.1M1.76×
OmniAb, Inc.Series B$30.0M$130.4M1.68×
Volitionrx Ltd this companySeries B$58.0M$110.4M1.43×
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.
Seed$1.7M2011-10-06$8.6M$76.7M85%
Seed$1.2M2012-04-24$6.0M$53.5M85%
Seed$490K2013-03-25$2.4M$21.7M85%
Seed$416K2013-05-01$2.1M$18.5M85%
Seed$595K2013-06-10$3.0M$26.4M85%
Seed$935K2013-11-25$4.7M$41.5M85%
Seed$3.0M2014-02-26$15.0M$133.2M85%
Seed$1.2M2014-09-24$5.9M$52.8M85%
Seed$750K2014-09-26$3.8M$33.3M85%
Seed$229K2014-10-09$1.1M$10.2M85%
Seed$722K2014-11-17$3.6M$32.1M85%
Series B$24.0M2018-08-10$133.3M$952.5M90%
Series B$100K2024-03-12$556K$812K90%
Series B$16.3M2025-05-20$90.3M$79.2M90%
Series B$22.6M2025-05-20$125.8M$110.4M90%
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. Seed$1.7M2011-10-06
    • First recorded raise — entered as Seed.
    • 38 investors on this round.
  2. Seed$1.2M2012-04-24
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • Revenue band moved No revenue → $0–$1M.
    • 33 investors on this round.
  3. Seed$490K2013-03-25
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 19 investors on this round.
  4. Seed$416K2013-05-01
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  5. Seed$595K2013-06-10
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 27 investors on this round.
  6. Seed$935K2013-11-25
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 7 investors on this round.
  7. Seed$3.0M2014-02-26
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 24 investors on this round.
  8. Seed$1.2M2014-09-24
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  9. Seed$750K2014-09-26
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 23 investors on this round.
  10. Seed$229K2014-10-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.3× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  11. Seed$722K2014-11-17
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 21 investors on this round.
  12. Series B$24.0M2018-08-10
    • Raised again after 45 mo — slower than the ~14 mo sector norm.
    • Round 33.2× larger than the prior — scaling up.
    • 1 investor on this round.
  13. Series B$100K2024-03-12
    • Raised again after 67 mo — slower than the ~14 mo sector norm.
    • Round 240.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  14. Series B$16.3M2025-05-20
    • Raised 14 mo later, in step with the ~14 mo sector norm.
    • Round 162.5× larger than the prior — scaling up.
    • 1 investor on this round.
  15. Series B$22.6M2025-05-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~12mo cadence
$31.6M
Modeled next size est.range $22.6M$50.5M
1.4×
Last step-up
$4.3M/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
Cameron Reynolds1 other2011-10
Malcolm Lewin1 other2011-10
Timothy I. Still1 other2025-05
Alan Archibald Colman2011-10
Alan Archibold Colman2014-09
ALAN COLMAN2012-04
Alan Thomas Colman2025-05
Andrew Thomas Retter2025-05
David Cecil Vanston2018-08
Edward Archibald Futcher2018-08
EDWARD CHARLES FUTCHER2024-03
Ethel I Rubin2025-05
Gael Thomas Forterre2024-03
Gaetan Thomas Michel2024-03
Guy Archibald Innes2011-10
Guy Archibold Innes2014-09
GUY INNES2012-04
Habib Archibald Skaff2018-08
Habib Archibold Skaff2014-09
Jacob Archibald Micallef2018-08
Jacob Thomas Micallef2024-03
Jasmine Thomas Kway2024-03
Jason Archibald Terrell2018-08
Kevin John Alexander2011-10
Registry & provenance

Volitionrx Ltd 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
93314
SEC CIK
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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
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Synthorx, Inc.BiotechnologySeries B$1.1B87%
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NERx Biosciences, Inc.BiotechnologyPre-Seed$4.8M84%
Vaxess Technologies, Inc.BiotechnologySeries C$269.9M84%
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Frequently asked
How much funding has Volitionrx Ltd raised?
Volitionrx Ltd has raised approximately $58.0M in disclosed capital across 14 recorded financing rounds, aggregated from public filings.
What is Volitionrx Ltd's estimated valuation?
Provath's modeled valuation for Volitionrx Ltd is approximately $110.4M (modeled range $45.3M–$166.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Volitionrx Ltd at?
Volitionrx Ltd's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue May 20.
What does Volitionrx Ltd do and where is it based?
Volitionrx Ltd operates in the Biotechnology sector, based in Henderson.
Explore related

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