Companies · Pharmaceuticals

Akava Therapeutics Inc.

WINNETKA · Pharmaceuticals

Diligence memoA one-page analyst read on Akava Therapeutics Inc. — recommendation, valuation, rhythm, risks.
$30.1M
Total raised · real
4
Rounds
150.0×
Latest step-up
Top 27%
Sector rank · raised
Series A
Latest stage · inferred · Thu Feb 19 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Akava Therapeutics Inc. looks over-valued 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 pharma sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.30× the median modeled value of Series A Pharmaceuticals companies in 2025–2027 (37 peers) — value vs value, same stage and era.
Active
  • Last raise 4 mo ago; this sector typically re-raises about every 13 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 Pharmaceuticals

Akava Therapeutics Inc. is one of 1613 Pharmaceuticals companies tracked from WINNETKA. By capital raised it ranks in the upper tier (ahead of 74% 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
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 · 2023-03-03 Raised $10M (real) Modeled valuation $94M (est)$10M$94MSeries A2023Series A · 2024-04-23 Raised $5.0M (real) Modeled valuation $28M (est)$5.0M$28MSeries A2024Series A · 2025-02-05 Raised $100K (real) Modeled valuation $394K (est)$100K$394KSeries A2025Series A · 2026-02-19 Raised $15M (real) Modeled valuation $37M (est)$15M$37MSeries A2026+$5.0M+$100K+$15MCumulative $30M

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$10.0M · 2023
Series A extension$5.0M · 2024
Series A extension$100K · 2025
Series A extension$15.0M · 2026

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
$37.1M
Base estimate est.
$17.2M
Conservative case
$55.0M
Upside case
$68.2M
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 pharma sector profile. Directional, not a quoted figure.

Series A · modeled $93.6M · 2023-03-032023Series A · modeled $28.0M · 2024-04-23Series A · modeled $394K · 2025-02-05Series A · modeled $37.1M · 2026-02-192026
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
46%
Survival probability
25% low · 63% high
1.57×/yr
Annual markup
1.97×/yr upside case
0.4 yr
Elapsed time used
0.4 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$10.1M/yr
Capital velocity
3.3 yr
On record since
2023
First round
4
Rounds on file
How it compares to the market

Benchmarked against 1613 companies in Pharmaceuticals. 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) 3.7× above median
This company$30.1M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.9× above median
This company$15.0M
Sector median$5.2M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$37.1M
Sector median$76.1M

Raised more than 74% of sector peers (real $). Modeled value above 37% 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 #7 of 37.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Incannex Healthcare Inc. · Series A Raised $12.5M · modeled $47.3M (est)Retension Pharmaceuticals, Inc. · Series A Raised $22.4M · modeled $44.1M (est)Eikonoklastes Therapeutics, Inc. · Series A Raised $25.0M · modeled $43.9M (est)Phoenicis Therapeutics, Inc. · Series A Raised $23.8M · modeled $38.6M (est)Pharmaceutical Resource Technology, Inc. · Series A Raised $10.0M · modeled $37.5M (est)Cristcot LLC · Series A Raised $31.6M · modeled $37.4M (est)Zetagen Therapeutics, Inc. · Series A Raised $26.1M · modeled $36.6M (est)Biofrontera Inc. · Series A Raised $58.4M · modeled $36.4M (est)D&D Pharmatech Inc. · Series A Raised $10.8M · modeled $36.0M (est)Incyclix Bio, LLC · Series A Raised $26.2M · modeled $35.4M (est)Pharmazz, Inc. · Series A Raised $31.7M · modeled $34.5M (est)Akava Therapeutics Inc. (this company) Raised $30.1M · modeled $37.1M (est)Akava Therapeutics Inc.
CompanyStageRaised · realValue · estvs peer med.
Incannex Healthcare Inc.Series A$12.5M$47.3M2.93×
Retension Pharmaceuticals, Inc.Series A$22.4M$44.1M2.73×
Eikonoklastes Therapeutics, Inc.Series A$25.0M$43.9M2.72×
Phoenicis Therapeutics, Inc.Series A$23.8M$38.6M2.39×
Pharmaceutical Resource Technology, Inc.Series A$10.0M$37.5M2.32×
Cristcot LLCSeries A$31.6M$37.4M2.32×
Akava Therapeutics Inc. this companySeries A$30.1M$37.1M2.30×
Zetagen Therapeutics, Inc.Series A$26.1M$36.6M2.27×
Biofrontera Inc.Series A$58.4M$36.4M2.25×
D&D Pharmatech Inc.Series A$10.8M$36.0M2.23×
Incyclix Bio, LLCSeries A$26.2M$35.4M2.20×
Pharmazz, Inc.Series A$31.7M$34.5M2.14×
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$10.0M2023-03-03$45.5M$93.6M90%
Series A$5.0M2024-04-23$22.7M$28.0M90%
Series A$100K2025-02-05$455K$394K90%
Series A$15.0M2026-02-19$68.2M$37.1M90%
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. Series A$10.0M2023-03-03
    • First recorded raise — entered as Series A.
  2. Series A$5.0M2024-04-23
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 506(c)).
  3. Series A$100K2025-02-05
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 50.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series A$15.0M2026-02-19
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 150.0× larger than the prior — scaling up.
Intelligence
2027 ~Q1
Modeled next raise · ~12mo cadence
$45.0M
Modeled next size est.range $29.3M$72.0M
150.0×
Last step-up
$10.1M/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
Joseph Nolan4 other2024-04
Charles Polsky1 other2024-04
Philip Silverman1 other2023-03
Brendan MacMillan2023-03
Richard Silverman2023-03
Registry & provenance

Akava Therapeutics 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
1966649
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
Eikonoklastes Therapeutics, Inc.PharmaceuticalsSeries A$25.0M$43.9Mnetwork1 shared operator · same sector · same stage
Zurex Pharma, Inc.PharmaceuticalsSeries A$30.1M$24.9Msame sector · same stage
Innocoll Holdings, Inc.PharmaceuticalsSeries A$31.3M$45.4Msame sector · same stage
Cristcot LLCPharmaceuticalsSeries A$31.6M$37.4Msame sector · same stage
Pharmazz, Inc.PharmaceuticalsSeries A$31.7M$34.5Msame sector · same stage
Biodexa Pharmaceuticals PlcPharmaceuticalsSeries A$27.1M$25.3Msame sector · same stage
Plx Pharma Inc.PharmaceuticalsSeries A$26.6M$40.2Msame sector · same stage
Incyclix Bio, LLCPharmaceuticalsSeries A$26.2M$35.4Msame 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
Akari Therapeutics PlcBiotechnologySeries C$34.1M86%
Orna Therapeutics Holdings, LLCBiotechnologySeries D+$2.5B82%
Veana Therapeutics, Inc.PharmaceuticalsPre-Seed$32.9M82%
ACEA Therapeutics, Inc.PharmaceuticalsSeries B$612.1M81%
Ritrova Therapeutics Inc.PharmaPre-Seed$5.2M81%
NV Therapeutics, Inc.PharmaSeed$12.8M81%
AN2 Therapeutics, Inc.PharmaceuticalsSeries B$143.6M80%
Azora Therapeutics, Inc.PharmaceuticalsSeries A$4.5M80%
Frequently asked
How much funding has Akava Therapeutics Inc. raised?
Akava Therapeutics Inc. has raised approximately $30.1M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Akava Therapeutics Inc.'s estimated valuation?
Provath's modeled valuation for Akava Therapeutics Inc. is approximately $37.1M (modeled range $17.2M–$55.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Akava Therapeutics Inc. at?
Akava Therapeutics Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Feb 19.
What does Akava Therapeutics Inc. do and where is it based?
Akava Therapeutics Inc. operates in the Pharmaceuticals sector, based in WINNETKA.
Explore related

See where Akava Therapeutics Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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