Companies · Biotechnology

Adipo Therapeutics, Llc

Indianapolis · Biotechnology

Diligence memoA one-page analyst read on Adipo Therapeutics, Llc — recommendation, valuation, rhythm, risks.
$6.0M
Total raised · real
2
Rounds
3.8×
Latest step-up
Top 54%
Sector rank · raised
Series A
Latest stage · inferred · Tue Nov 19 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Adipo Therapeutics, Llc looks under-valued against its niche peers and is quiet 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.

Under-valued
  • Modeled value is 0.46× the median modeled value of Series A Biotechnology companies in 2022–2024 (303 peers) — value vs value, same stage and era.
Quiet
  • Last raise 19 mo ago; this sector typically re-raises about every 14 months.
  • Slightly overdue versus sector 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

Adipo Therapeutics, 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
5.9 yr record
Peak capital year was 2024 with $4.7M across 1 filings.
Market position
ahead of 47% of Biotechnology peers
Capital scale is ahead of 47% of Biotechnology peers; modeled value is above 29% 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 2024: $4.7M across 1 filings.
  • Largest single filing was $4.7M on 2024-11-19.
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

Adipo Therapeutics, Llc is one of 4293 Biotechnology companies tracked from Indianapolis. By capital raised it ranks mid-pack (ahead of 47% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
20
Investors (latest)
2024-11-19
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$25M$50M$75M$100MSeed · 2020-08-18 Raised $1.3M (real) Modeled valuation $52M (est)$1.3M$52MSeed2020Series A · 2024-11-19 Raised $4.7M (real) Modeled valuation $21M (est)$4.7M$21MSeries A2024+$4.7MCumulative $6.0M

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$1.3M · 2020
Series A$4.7M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$20.6M
Base estimate est.
$5.1M
Conservative case
$40.7M
Upside case
$21.4M
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.

Seed · modeled $51.6M · 2020-08-182020Series A · modeled $20.6M · 2024-11-192024
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
1.6 yr
Elapsed time used
1.6 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
51 mo
Avg between rounds
$1.4M/yr
Capital velocity
5.9 yr
On record since
2020
First round
2
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) 0.8× of median
This company$6.0M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.9× of median
This company$4.7M
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$20.6M
Sector median$64.2M

Raised more than 47% of sector peers (real $). Modeled value above 29% 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 #240 of 303.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)GeoVax Labs, Inc. · Series A Raised $39.1M · modeled $217.3M (est)Cellinfinity Bio Holding Company, LLC · Series A Raised $13.2M · modeled $216.2M (est)Adient Medical, Inc. · Series A Raised $18.2M · modeled $207.1M (est)Entegrion Inc · Series A Raised $22.7M · modeled $191.5M (est)BCD Bioscience, Inc. · Series A Raised $16.4M · modeled $189.2M (est)Pragma Biosciences Inc. · Series A Raised $14.5M · modeled $186.2M (est)MicroByre, Inc. · Series A Raised $16.1M · modeled $185.9M (est)Cardiac Insight, Inc. · Series A Raised $38.1M · modeled $184.0M (est)Cardiac Implants LLC · Series A Raised $13.5M · modeled $178.4M (est)Abintus Bio, Inc. · Series A Raised $13.7M · modeled $177.4M (est)Mosaic Biosciences, Inc. · Series A Raised $14.7M · modeled $176.4M (est)Mazen Animal Health Inc. · Series A Raised $13.5M · modeled $169.0M (est)Adipo Therapeutics, Llc (this company) Raised $6.0M · modeled $20.6M (est)Adipo Therapeutics, Llc
CompanyStageRaised · realValue · estvs peer med.
GeoVax Labs, Inc.Series A$39.1M$217.3M4.90×
Cellinfinity Bio Holding Company, LLCSeries A$13.2M$216.2M4.87×
Adient Medical, Inc.Series A$18.2M$207.1M4.67×
Entegrion IncSeries A$22.7M$191.5M4.32×
BCD Bioscience, Inc.Series A$16.4M$189.2M4.27×
Pragma Biosciences Inc.Series A$14.5M$186.2M4.20×
MicroByre, Inc.Series A$16.1M$185.9M4.19×
Cardiac Insight, Inc.Series A$38.1M$184.0M4.15×
Cardiac Implants LLCSeries A$13.5M$178.4M4.02×
Abintus Bio, Inc.Series A$13.7M$177.4M4.00×
Mosaic Biosciences, Inc.Series A$14.7M$176.4M3.98×
Mazen Animal Health Inc.Series A$13.5M$169.0M3.81×
Adipo Therapeutics, Llc this companySeries A$6.0M$20.6M0.46×
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$1.3M2020-08-18$6.3M$51.6M90%
Series A$4.7M2024-11-19$21.4M$20.6M90%
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$1.3M2020-08-18
    • First recorded raise — entered as Seed.
    • 2 investors on this round.
  2. Series A$4.7M2024-11-19
    • Raised again after 51 mo — slower than the ~14 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 20 investors on this round.
Intelligence
2029 ~Q1
Modeled next raise · ~51mo cadence
$14.2M
Modeled next size est.range $9.2M$22.6M
3.8×
Last step-up
$1.4M/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
MICHAEL CLAYMAN1 other2024-11
Karen Wurster2024-11
Keith Johns2024-11
Meng Deng2020-08
Registry & provenance

Adipo Therapeutics, 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
1823434
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.

CompanySectorStageRaised · realValue · estWhy similar
Cynaptec Pharmaceuticals, Inc.BiotechnologySeries A$6.0M$21.7Msame sector · same stage
Enquyst Technologies Inc.BiotechnologySeries A$6.0M$20.2Msame sector · same stage
EmboMedics, Inc.BiotechnologySeries A$5.9M$26.8Msame sector · same stage
VerImmune, Inc.BiotechnologySeries A$5.9M$21.9Msame sector · same stage
Mid-Atlantic BioTherapeutics, Inc.BiotechnologySeries A$5.9M$23.3Msame sector · same stage
TM Holding Companies, Inc.BiotechnologySeries A$5.9M$20.6Msame sector · same stage
SimBioSys, Inc.BiotechnologySeries A$6.1M$22.0Msame sector · same stage
Aveta Biomics, Inc.BiotechnologySeries A$6.2M$24.4Msame 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
Adient Medical, Inc.BiotechnologySeries A$207.1M85%
PolyCore Therapeutics, Inc.BiotechnologySeries A$78.2M84%
Metabolics Pharma, Inc.BiotechnologySeries A$26.6M83%
Arch Therapeutics, Inc.BiotechnologySeries A$58.0M83%
Tarsa Therapeutics, Inc.BiotechnologySeries B$21.8M83%
Acer Therapeutics Inc.BiotechnologySeries B$21.2M83%
Valora Therapeutics, Inc.BiotechnologySeries A$67.8M82%
Electra Therapeutics, Inc.BiotechnologySeries D+$962.3M82%
Frequently asked
How much funding has Adipo Therapeutics, Llc raised?
Adipo Therapeutics, Llc has raised approximately $6.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Adipo Therapeutics, Llc's estimated valuation?
Provath's modeled valuation for Adipo Therapeutics, Llc is approximately $20.6M (modeled range $5.1M–$40.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Adipo Therapeutics, Llc at?
Adipo Therapeutics, Llc's latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Nov 19.
What does Adipo Therapeutics, Llc do and where is it based?
Adipo Therapeutics, Llc operates in the Biotechnology sector, based in Indianapolis.
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