Companies · Pharma

Ansun Biopharma, Inc.

SAN DIEGO · Pharma · refined from filed group “Other

Diligence memoA one-page analyst read on Ansun Biopharma, Inc. — recommendation, valuation, rhythm, risks.
$195.1M
Total raised · real
7
Rounds
0.8×
Latest step-up
Top 5%
Sector rank · raised
Series C
Latest stage · inferred · Wed Jul 17 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Ansun Biopharma, Inc. looks over-valued 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.

Over-valued
  • Modeled value is 1.74× the median modeled value of Series C Pharma companies in 2019–2021 (7 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.0 yr ago; this sector typically re-raises about every 16 months.
  • Silent for over 3× the sector's normal 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 Pharma

Ansun Biopharma, Inc. is one of 310 Pharma companies tracked from SAN DIEGO. By capital raised it ranks among the largest (ahead of 96% of sector peers), and among the largest 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
12
Investors (latest)
2019-07-17
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$1.3B$2.5B$3.8B$5.0BSeries A · 2010-11-28 Raised $9.9M (real) Modeled valuation $307M (est)Series A2010Series A · 2013-04-25 Raised $5.0M (real) Modeled valuation $155M (est)Series A2013Series A · 2014-05-13 Raised $7.5M (real) Modeled valuation $232M (est)Series A2014Series A · 2015-11-18 Raised $4.0M (real) Modeled valuation $124M (est)Series A2015Series A · 2017-02-24 Raised $1.6M (real) Modeled valuation $51M (est)Series A2017Series C · 2018-04-19 Raised $67M (real) Modeled valuation $2.4B (est)Series C2018Series C · 2019-07-17 Raised $100M (real) Modeled valuation $3.5B (est)Series C2019Series C · 2019-07-17 Raised $78M (real) Modeled valuation $2.8B (est)Series C2019+$5.0M+$7.5M+$4.0M+$1.6M+$67M+$100M+$78MCumulative $274M

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$9.9M · 2010
Series A extension$5.0M · 2013
Series A extension$7.5M · 2014
Series A extension$4.0M · 2015
Series A extension$1.6M · 2017
Series C$67.1M · 2018no Series B on file
Series C extension$100.0M · 2019
Series C extension$78.4M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$3.5B
Base estimate est.
$324.8M
Conservative case
$9.2B
Upside case
$666.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Series A · modeled $306.6M · 2010-11-282010Series A · modeled $154.9M · 2013-04-25Series A · modeled $232.3M · 2014-05-13Series A · modeled $123.9M · 2015-11-18Series A · modeled $51.1M · 2017-02-24Series C · modeled $2.4B · 2018-04-19Series C · modeled $3.5B · 2019-07-17Series C · modeled $2.8B · 2019-07-172019
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
66%
Survival probability
49% low · 76% high
1.42×/yr
Annual markup
1.62×/yr upside case
6.0 yr
Elapsed time used
7.0 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$22.6M/yr
Capital velocity
15.6 yr
On record since
2010
First round
8
Rounds on file
How it compares to the market

Benchmarked against 310 companies in Pharma. 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) 30× above median
This company$195.1M
Sector median$6.4M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.6× above median
This company$78.4M
Sector median$49.7M
Modeled value — vs sector median (estimate, all stages) 56× above median
This company$3.5B
Sector median$62.5M

Raised more than 96% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #1 of 7.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Integrated Oncology Network Holdco, LLC · Series C Raised $69.9M · modeled $2.5B (est)Tallac Therapeutics, Inc. · Series C Raised $61.6M · modeled $2.2B (est)Elevation Oncology, Inc. · Series C Raised $70.5M · modeled $2.0B (est)CERo Therapeutics, Inc. · Series C Raised $44.6M · modeled $1.5B (est)Levo Therapeutics, Inc. · Series C Raised $86.5M · modeled $1.4B (est)Interline Therapeutics, Inc. · Series C Raised $92.6M · modeled $1.1B (est)Ansun Biopharma, Inc. (this company) Raised $195.1M · modeled $3.5B (est)Ansun Biopharma, Inc.
CompanyStageRaised · realValue · estvs peer med.
Ansun Biopharma, Inc. this companySeries C$195.1M$3.5B1.74×
Integrated Oncology Network Holdco, LLCSeries C$69.9M$2.5B1.22×
Tallac Therapeutics, Inc.Series C$61.6M$2.2B1.07×
Elevation Oncology, Inc.Series C$70.5M$2.0B1.00×
CERo Therapeutics, Inc.Series C$44.6M$1.5B0.75×
Levo Therapeutics, Inc.Series C$86.5M$1.4B0.70×
Interline Therapeutics, Inc.Series C$92.6M$1.1B0.54×
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$9.9M2010-11-28$45.0M$306.6M85%
Series A$5.0M2013-04-25$22.7M$154.9M85%
Series A$7.5M2014-05-13$34.1M$232.3M85%
Series A$4.0M2015-11-18$18.2M$123.9M85%
Series A$1.6M2017-02-24$7.5M$51.1M90%
Series C$67.1M2018-04-19$447.3M$2.4B90%
Series C$100.0M2019-07-17$666.7M$3.5B90%
Series C$78.4M2019-07-17$522.5M$2.8B90%
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$9.9M2010-11-28
    • First recorded raise — entered as Series A.
    • 6 investors on this round.
  2. Series A$5.0M2013-04-25
    • Raised again after 29 mo — slower than the ~16 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  3. Series A$7.5M2014-05-13
    • Raised 13 mo later, in step with the ~16 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 7 investors on this round.
  4. Series A$4.0M2015-11-18
    • Raised 18 mo later, in step with the ~16 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  5. Series A$1.6M2017-02-24
    • Raised 15 mo later, in step with the ~16 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  6. Series C$67.1M2018-04-19
    • Raised 14 mo later, in step with the ~16 mo sector norm.
    • Round 40.7× larger than the prior — scaling up.
    • 29 investors on this round.
  7. Series C$100.0M2019-07-17
    • Raised 15 mo later, in step with the ~16 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 19 investors on this round.
  8. Series C$78.4M2019-07-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 12 investors on this round.
Intelligence
2020 ~Q4
Modeled next raise · ~15mo cadence
$78.4M
Modeled next size est.range $78.4M$125.4M
0.8×
Last step-up
$22.6M/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 CHANG12 other2015-11
KAREN LIU3 other2019-07
Nancy Chang3 other2010-11
Allen Chao1 other2010-11
Dave Chenn1 other2019-07
Michael Chao1 other2010-11
AIMIN WU2018-04
DONALD PAYNE2018-04
MARK ATTEBURY2015-11
Michael Havluciyan2017-02
Mikael Havluciyan2010-11
RONALD MOSS2014-05
Ron Moss2010-11
Shi Yi2018-04
Yining Zhao2019-07
YI SHI2019-07
Registry & provenance

Ansun Biopharma, 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
1534671
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
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Intrinsic Therapeutics IncPharmaSeries C$219.5M$595.2Msame sector · same stage
Allay Therapeutics, Inc.PharmaSeries C$162.6M$323.5Msame sector · same stage
Click Therapeutics, Inc.PharmaSeries C$136.7M$332.4Msame sector · same stage
Bryn Pharma, LLCPharmaSeries C$127.4M$31.4Msame sector · same stage
Digital Therapeutics, Inc.PharmaSeries C$123.6M$531.0Msame sector · same stage
Ovid Therapeutics Inc.PharmaSeries C$105.9M$907.5Msame sector · same stage
Pheast Therapeutics, Inc.PharmaSeries C$99.8M$138.6Msame 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
Sun BioPharma, Inc.PharmaceuticalsSeries A$13.1M86%
Sunshine Biopharma, IncPharmaceuticalsSeries B$54.9M81%
Aya Biosciences, Inc.PharmaceuticalsSeries A$129.3M81%
One World Pharma, Inc.PharmaSeed$38.9M80%
Anivive Lifesciences, Inc.PharmaceuticalsSeries C$1.1B80%
AnBio Therapeutics Ltd.BiotechnologySeries C$1.6B79%
Nervgen Pharma Corp.PharmaSeed$11.9M79%
Vor Biopharma Inc.PharmaSeries D+$3.9B79%
Frequently asked
How much funding has Ansun Biopharma, Inc. raised?
Ansun Biopharma, Inc. has raised approximately $195.1M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Ansun Biopharma, Inc.'s estimated valuation?
Provath's modeled valuation for Ansun Biopharma, Inc. is approximately $3.5B (modeled range $324.8M–$9.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ansun Biopharma, Inc. at?
Ansun Biopharma, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Wed Jul 17.
What does Ansun Biopharma, Inc. do and where is it based?
Ansun Biopharma, Inc. operates in the Pharma sector, based in SAN DIEGO.
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