Companies · Pharmaceuticals

AltaThera Pharmaceuticals, LLC

CHICAGO · Pharmaceuticals

Diligence memoA one-page analyst read on AltaThera Pharmaceuticals, LLC — recommendation, valuation, rhythm, risks.
$7.6M
Total raised · real
6
Rounds
0.1×
Latest step-up
Top 52%
Sector rank · raised
Seed
Latest stage · inferred · Mon Apr 22 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

AltaThera Pharmaceuticals, LLC 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 pharma 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 1.02× the median modeled value of Seed Pharmaceuticals companies in 2019–2021 (49 peers) — value vs value, same stage and era.
  • Within the normal band (102% of peer median) for its niche.
Dormant
  • Last raise 7.2 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal 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

AltaThera Pharmaceuticals, 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
12.3 yr record
Peak capital year was 2016 with $3.6M across 2 filings.
Market position
ahead of 49% of Pharmaceuticals peers
Capital scale is ahead of 49% of Pharmaceuticals peers; modeled value is above 46% 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 2016: $3.6M across 2 filings.
  • Largest single filing was $3.4M on 2016-12-08.
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 Pharmaceuticals

AltaThera Pharmaceuticals, LLC is one of 1613 Pharmaceuticals companies tracked from CHICAGO. By capital raised it ranks mid-pack (ahead of 49% 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
2
Investors (latest)
2019-04-22
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 · 2014-03-14 Raised $500K (real) Modeled valuation $24M (est)Pre-Seed2014Pre-Seed · 2014-10-17 Raised $1.0M (real) Modeled valuation $47M (est)Pre-Seed2014Pre-Seed · 2015-07-17 Raised $1.0M (real) Modeled valuation $47M (est)Pre-Seed2015Pre-Seed · 2016-10-23 Raised $225K (real) Modeled valuation $11M (est)Pre-Seed2016Seed · 2016-12-08 Raised $3.4M (real) Modeled valuation $127M (est)Seed2016Seed · 2019-04-22 Raised $1.5M (real) Modeled valuation $58M (est)Seed2019Pre-Seed · 2019-04-22 Raised $150K (real) Modeled valuation $7.1M (est)Pre-Seed2019+$1.0M+$1.0M+$225K+$3.4M+$1.5M+$150KCumulative $7.8M

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$500K · 2014
Pre-Seed extension$1.0M · 2014
Pre-Seed extension$1.0M · 2015
Pre-Seed extension$225K · 2016
Seed$3.4M · 2016
Seed extension$1.5M · 2019
Bridge · Seed-stage$150K · 2019smaller 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
$58.3M
Base estimate est.
$1.2M
Conservative case
$457.1M
Upside case
$7.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $23.7M · 2014-03-142014Pre-Seed · modeled $47.3M · 2014-10-17Pre-Seed · modeled $47.3M · 2015-07-17Pre-Seed · modeled $10.6M · 2016-10-23Seed · modeled $127.4M · 2016-12-08Seed · modeled $58.3M · 2019-04-22Pre-Seed · modeled $7.1M · 2019-04-222019
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
34%
Survival probability
15% low · 52% high
1.68×/yr
Annual markup
2.20×/yr upside case
6.0 yr
Elapsed time used
7.2 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$1.5M/yr
Capital velocity
12.3 yr
On record since
2014
First round
7
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) 0.9× of median
This company$7.6M
Sector median$8.1M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$150K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$58.3M
Sector median$76.1M

Raised more than 49% of sector peers (real $). Modeled value above 46% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #23 of 49.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Wiesman Capital & Co., LLC · Seed Raised $4.0M · modeled $152.2M (est)Curzion Pharmaceuticals, Inc. · Seed Raised $3.5M · modeled $133.1M (est)Providence Therapeutics Inc. · Seed Raised $8.1M · modeled $132.2M (est)EnBiotix, Inc. · Seed Raised $6.6M · modeled $131.8M (est)Metuchen Pharmaceuticals, LLC · Seed Raised $3.1M · modeled $119.2M (est)VasoRx, Inc. · Seed Raised $4.7M · modeled $117.9M (est)Amplicore Inc. · Seed Raised $2.8M · modeled $107.1M (est)Lamassu Pharma, LLC · Seed Raised $2.7M · modeled $101.5M (est)Apertor Pharmaceuticals, Inc. · Seed Raised $3.0M · modeled $95.3M (est)Elgia Therapeutics, Inc. · Seed Raised $2.3M · modeled $88.6M (est)Pharmapotheca A, LLC · Seed Raised $3.1M · modeled $87.3M (est)ImmunoRx Pharma, Inc. · Seed Raised $2.7M · modeled $82.2M (est)AltaThera Pharmaceuticals, LLC (this company) Raised $7.6M · modeled $58.3M (est)AltaThera Pharmaceuticals, LLC
CompanyStageRaised · realValue · estvs peer med.
Wiesman Capital & Co., LLCSeed$4.0M$152.2M2.67×
Curzion Pharmaceuticals, Inc.Seed$3.5M$133.1M2.33×
Providence Therapeutics Inc.Seed$8.1M$132.2M2.32×
EnBiotix, Inc.Seed$6.6M$131.8M2.31×
Metuchen Pharmaceuticals, LLCSeed$3.1M$119.2M2.09×
VasoRx, Inc.Seed$4.7M$117.9M2.07×
Amplicore Inc.Seed$2.8M$107.1M1.88×
Lamassu Pharma, LLCSeed$2.7M$101.5M1.78×
Apertor Pharmaceuticals, Inc.Seed$3.0M$95.3M1.67×
Elgia Therapeutics, Inc.Seed$2.3M$88.6M1.55×
Pharmapotheca A, LLCSeed$3.1M$87.3M1.53×
ImmunoRx Pharma, Inc.Seed$2.7M$82.2M1.44×
AltaThera Pharmaceuticals, LLC this companySeed$7.6M$58.3M1.02×
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$500K2014-03-14$2.8M$23.7M85%
Pre-Seed$1.0M2014-10-17$5.6M$47.3M85%
Pre-Seed$1.0M2015-07-17$5.6M$47.3M85%
Pre-Seed$225K2016-10-23$1.3M$10.6M90%
Seed$3.4M2016-12-08$16.8M$127.4M90%
Seed$1.5M2019-04-22$7.7M$58.3M90%
Pre-Seed$150K2019-04-22$833K$7.1M90%
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$500K2014-03-14
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$1.0M2014-10-17
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 1 investor on this round.
  3. Pre-Seed$1.0M2015-07-17
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 1 investor on this round.
  4. Pre-Seed$225K2016-10-23
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  5. Seed$3.4M2016-12-08
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 14.9× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 12 investors on this round.
  6. Seed$1.5M2019-04-22
    • Raised again after 28 mo — slower than the ~13 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  7. Pre-Seed$150K2019-04-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 10.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2020 ~Q1
Modeled next raise · ~10mo cadence
$150K
Modeled next size est.range $150K$240K
0.1×
Last step-up
$1.5M/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
John Flavin3 other2014-03
Rick White3 other2016-10
Brandon Kashfian2014-03
James Wittenberg2014-03
Jay Welsh2015-07
Jodi Devlin2019-04
John Somberg2016-10
Mahlaqa Patel2015-07
Merrill Barden2014-03
Merrill Bardin2015-07
Stephen Osullivan2019-04
Stephen O'Sullivan2014-03
Registry & provenance

AltaThera Pharmaceuticals, 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
1604121
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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Aether Therapeutics Inc.BiotechnologySeries A$27.1M82%
Mirata Pharmaceuticals, LLCPharmaceuticalsSeries A$218.4M81%
Northwest Biotherapeutics IncPharmaceuticalsSeries A$74.8M81%
RS BioTherapeutics Inc.PharmaceuticalsSeed$7.7M80%
Alimera Sciences IncPharmaceuticalsSeries C$1.1B80%
Censa Pharmaceuticals Inc.PharmaceuticalsSeed$57.1M80%
Frequently asked
How much funding has AltaThera Pharmaceuticals, LLC raised?
AltaThera Pharmaceuticals, LLC has raised approximately $7.6M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is AltaThera Pharmaceuticals, LLC's estimated valuation?
Provath's modeled valuation for AltaThera Pharmaceuticals, LLC is approximately $58.3M (modeled range $1.2M–$457.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is AltaThera Pharmaceuticals, LLC at?
AltaThera Pharmaceuticals, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Apr 22.
What does AltaThera Pharmaceuticals, LLC do and where is it based?
AltaThera Pharmaceuticals, LLC operates in the Pharmaceuticals sector, based in CHICAGO.
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