Companies · Other Health Care

AION Biosystems, Inc.

LOWELL · Other Health Care

Diligence memoA one-page analyst read on AION Biosystems, Inc. — recommendation, valuation, rhythm, risks.
$10.3M
Total raised · real
4
Rounds
1.1×
Latest step-up
Top 25%
Sector rank · raised
Series A
Latest stage · inferred · Mon Apr 01 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

AION Biosystems, Inc. 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 health care 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 0.36× the median modeled value of Series A Other Health Care companies in 2022–2024 (196 peers) — value vs value, same stage and era.
Quiet
  • Last raise 2.3 yr ago; this sector typically re-raises about every 14 months.
  • Slightly overdue versus sector cadence.
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

AION Biosystems, Inc. is one of 5377 Other Health Care companies tracked from LOWELL. By capital raised it ranks in the upper tier (ahead of 76% 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)
2024-04-01
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$100MSeries A · 2020-12-29 Raised $4.3M (real) Modeled valuation $73M (est)$4.3M$73MSeries A2020Series A · 2022-12-23 Raised $1.1M (real) Modeled valuation $9.1M (est)$1.1M$9.1MSeries A2022Series A · 2023-05-17 Raised $2.4M (real) Modeled valuation $17M (est)$2.4M$17MSeries A2023Series A · 2024-04-01 Raised $2.5M (real) Modeled valuation $13M (est)$2.5M$13MSeries A2024+$1.1M+$2.4M+$2.5MCumulative $10M

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 A$4.3M · 2020
Series A extension$1.1M · 2022
Series A extension$2.4M · 2023
Series A extension$2.5M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$13.2M
Base estimate est.
$3.2M
Conservative case
$30.1M
Upside case
$11.4M
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 health care sector profile. Directional, not a quoted figure.

Series A · modeled $73.1M · 2020-12-292020Series A · modeled $9.1M · 2022-12-23Series A · modeled $16.9M · 2023-05-17Series A · modeled $13.2M · 2024-04-012024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.43×/yr
Annual markup
1.80×/yr upside case
2.3 yr
Elapsed time used
2.3 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$3.2M/yr
Capital velocity
5.5 yr
On record since
2020
First round
4
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) 4.2× above median
This company$10.3M
Sector median$2.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.5M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$13.2M
Sector median$22.1M

Raised more than 76% of sector peers (real $). Modeled value above 40% 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 #162 of 196.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)CareHarmony, Inc. · Series A Raised $17.4M · modeled $145.2M (est)Dragonfly Endoscopy Inc. · Series A Raised $12.7M · modeled $142.0M (est)NuvoAir Holdings, Inc. · Series A Raised $10.7M · modeled $125.1M (est)Post Acute Recovery, Inc. · Series A Raised $14.5M · modeled $123.0M (est)Micro Interventional Devices, Inc. · Series A Raised $14.0M · modeled $119.0M (est)Etiometry Inc. · Series A Raised $15.6M · modeled $114.7M (est)SafKan, Inc. · Series A Raised $13.0M · modeled $108.5M (est)BehaVR Holdings, Inc. · Series A Raised $12.1M · modeled $102.1M (est)Outliers Inc. · Series A Raised $13.6M · modeled $101.7M (est)RevMedica, Inc. · Series A Raised $14.2M · modeled $101.2M (est)Innovoyce LLC · Series A Raised $9.9M · modeled $97.6M (est)Prixz, Inc. · Series A Raised $9.2M · modeled $97.4M (est)AION Biosystems, Inc. (this company) Raised $10.3M · modeled $13.2M (est)AION Biosystems, Inc.
CompanyStageRaised · realValue · estvs peer med.
CareHarmony, Inc.Series A$17.4M$145.2M3.96×
Dragonfly Endoscopy Inc.Series A$12.7M$142.0M3.87×
NuvoAir Holdings, Inc.Series A$10.7M$125.1M3.41×
Post Acute Recovery, Inc.Series A$14.5M$123.0M3.35×
Micro Interventional Devices, Inc.Series A$14.0M$119.0M3.25×
Etiometry Inc.Series A$15.6M$114.7M3.13×
SafKan, Inc.Series A$13.0M$108.5M2.96×
BehaVR Holdings, Inc.Series A$12.1M$102.1M2.78×
Outliers Inc.Series A$13.6M$101.7M2.77×
RevMedica, Inc.Series A$14.2M$101.2M2.76×
Innovoyce LLCSeries A$9.9M$97.6M2.66×
Prixz, Inc.Series A$9.2M$97.4M2.66×
AION Biosystems, Inc. this companySeries A$10.3M$13.2M0.36×
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 A$4.3M2020-12-29$19.7M$73.1M90%
Series A$1.1M2022-12-23$5.0M$9.1M90%
Series A$2.4M2023-05-17$10.7M$16.9M90%
Series A$2.5M2024-04-01$11.4M$13.2M90%
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 A$4.3M2020-12-29
    • First recorded raise — entered as Series A.
    • 20 investors on this round.
  2. Series A$1.1M2022-12-23
    • Raised again after 24 mo — slower than the ~14 mo sector norm.
    • Round 3.9× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  3. Series A$2.4M2023-05-17
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 11 investors on this round.
  4. Series A$2.5M2024-04-01
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~13mo cadence
$2.7M
Modeled next size est.range $2.5M$4.3M
1.1×
Last step-up
$3.2M/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
Richard Miller7 other2022-12
Alan Quasha3 other2020-12
David Blechman1 other2020-12
Tom Wilson1 other2020-12
Peter Costantino2020-12
Ray Hood2022-12
Samara Barend2020-12
Todd O'Connell2020-12
Registry & provenance

AION Biosystems, 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
1972728
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
Sync-Think, Inc.Other Health CareSeries A$9.3M$150.0Mnetwork1 shared operator · same sector · same stage
American Kidney Stone Management LtdOther Health CareSeries A$9.3M$11.1Mnetwork1 shared operator · same sector · same stage
Anhelo, LLCOther Health CareSeries A$10.4M$12.6Msame sector · same stage
Altus Noble Hospice, L.P.Other Health CareSeries A$10.0M$14.1Msame sector · same stage
TNacity Blue Ocean, Inc.Other Health CareSeries A$10.0M$11.1Msame sector · same stage
AUM Cardiovascular, Inc.Other Health CareSeries A$10.7M$11.5Msame sector · same stage
InterVene, Inc.Other Health CareSeries A$9.6M$11.8Msame sector · same stage
Tempmee Hygienists, Inc.Other Health CareSeries A$9.5M$11.6Msame 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
AION Healthspan, Inc.PharmaceuticalsSeed$28.5M88%
Aton Holdings Inc.Other Health CareSeries A$34.8M86%
Aion Therapeutic Inc.Biotech / PharmaSeries A$38.9M84%
Orca BioSystems IncOther Health CareSeries D+$4.4B84%
ACON BioMatrix Investors I, L.L.C.Other Health CareSeries C$1.3B84%
Bionik Laboratories Corp.Other Health CareSeries B$27.7M84%
Imel Biotherapeutics, Inc.Other Health CareSeries B$222.4M84%
Erbi Biosystems, Inc.Other Health CareSeed$44.5M84%
Frequently asked
How much funding has AION Biosystems, Inc. raised?
AION Biosystems, Inc. has raised approximately $10.3M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is AION Biosystems, Inc.'s estimated valuation?
Provath's modeled valuation for AION Biosystems, Inc. is approximately $13.2M (modeled range $3.2M–$30.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is AION Biosystems, Inc. at?
AION Biosystems, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Apr 01.
What does AION Biosystems, Inc. do and where is it based?
AION Biosystems, Inc. operates in the Other Health Care sector, based in LOWELL.
Explore related

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