Companies · Biotechnology

Artelo Biosciences, Inc.

SOLANA BEACH · Biotechnology

Diligence memoA one-page analyst read on Artelo Biosciences, Inc. — recommendation, valuation, rhythm, risks.
$23.2M
Total raised · real
12
Rounds
1.3×
Latest step-up
Top 31%
Sector rank · raised
Series A
Latest stage · inferred · Fri Mar 20 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Artelo Biosciences, Inc. looks under-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 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 0.05× the median modeled value of Series A Biotechnology companies in 2025–2027 (157 peers) — value vs value, same stage and era.
Active
  • Last raise 3 mo ago; this sector typically re-raises about every 14 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 Biotechnology

Artelo Biosciences, Inc. is one of 4293 Biotechnology companies tracked from SOLANA BEACH. By capital raised it ranks in the upper tier (ahead of 70% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2026-03-20
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 · 2017-07-01 Raised $1.0M (real) Modeled valuation $55M (est)Pre-Seed2017Pre-Seed · 2018-03-23 Raised $851K (real) Modeled valuation $47M (est)Pre-Seed2018Pre-Seed · 2018-07-31 Raised $526K (real) Modeled valuation $29M (est)Pre-Seed2018Series A · 2019-01-08 Raised $4.2M (real) Modeled valuation $152M (est)Series A2019Series A · 2019-04-25 Raised $857K (real) Modeled valuation $31M (est)Series A2019Series A · 2025-06-26 Raised $1.4M (real) Modeled valuation $4.7M (est)Series A2025Series A · 2025-08-05 Raised $9.5M (real) Modeled valuation $29M (est)Series A2025Series A · 2025-10-28 Raised $3.7M (real) Modeled valuation $10M (est)Series A2025Series A · 2026-01-30 Raised $500K (real) Modeled valuation $1.2M (est)Series A2026Series A · 2026-03-12 Raised $113K (real) Modeled valuation $262K (est)Series A2026Series A · 2026-03-12 Raised $237K (real) Modeled valuation $550K (est)Series A2026Series A · 2026-03-20 Raised $315K (real) Modeled valuation $723K (est)Series A2026Cumulative $23M

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$1.0M · 2017
Pre-Seed extension$851K · 2018
Pre-Seed extension$526K · 2018
Series A$4.2M · 2019no Seed on file
Series A extension$857K · 2019
Series A extension$1.4M · 2025
Series A extension$9.5M · 2025
Series A extension$3.7M · 2025
Series A extension$500K · 2026
Series A extension$113K · 2026
Series A extension$237K · 2026
Series A extension$315K · 2026

Stages are modeled from round size (public records carry no series label). No record for: 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
$723K
Base estimate est.
$344K
Conservative case
$1.1M
Upside case
$1.4M
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.

Pre-Seed · modeled $55.2M · 2017-07-012017Pre-Seed · modeled $47.0M · 2018-03-23Pre-Seed · modeled $29.0M · 2018-07-31Series A · modeled $151.6M · 2019-01-08Series A · modeled $31.0M · 2019-04-25Series A · modeled $4.7M · 2025-06-26Series A · modeled $29.3M · 2025-08-05Series A · modeled $10.3M · 2025-10-28Series A · modeled $1.2M · 2026-01-30Series A · modeled $262K · 2026-03-12Series A · modeled $550K · 2026-03-12Series A · modeled $723K · 2026-03-202026
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
0.3 yr
Elapsed time used
0.3 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$2.7M/yr
Capital velocity
9.0 yr
On record since
2017
First round
12
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) 3.2× above median
This company$23.2M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$315K
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$723K
Sector median$64.2M

Raised more than 70% of sector peers (real $). Modeled value above 2% 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 #154 of 157.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$10.0M$100.0MCapital raised (log)Acasti Pharma Inc. · Series A Raised $23.0M · modeled $58.6M (est)Edesa Biotech, Inc. · Series A Raised $36.9M · modeled $58.5M (est)4DMedical Ltd · Series A Raised $15.0M · modeled $50.7M (est)Arialys Therapeutics, Inc. · Series A Raised $29.1M · modeled $49.2M (est)Nuclein, LLC · Series A Raised $34.5M · modeled $48.3M (est)Phantom Neuro Inc. · Series A Raised $15.4M · modeled $45.7M (est)Circulate Health, Inc. · Series A Raised $13.0M · modeled $43.3M (est)Biovantix Biotechnology, Inc · Series A Raised $15.0M · modeled $42.2M (est)Bariendo Inc. · Series A Raised $11.1M · modeled $40.9M (est)ENDRA Life Sciences Inc. · Series A Raised $26.8M · modeled $40.9M (est)Medici Therapeutics, Inc. · Series A Raised $14.8M · modeled $39.8M (est)Onconetix, Inc. · Series A Raised $22.0M · modeled $37.7M (est)Artelo Biosciences, Inc. (this company) Raised $23.2M · modeled $723K (est)Artelo Biosciences, Inc.
CompanyStageRaised · realValue · estvs peer med.
Acasti Pharma Inc.Series A$23.0M$58.6M3.75×
Edesa Biotech, Inc.Series A$36.9M$58.5M3.74×
4DMedical LtdSeries A$15.0M$50.7M3.24×
Arialys Therapeutics, Inc.Series A$29.1M$49.2M3.14×
Nuclein, LLCSeries A$34.5M$48.3M3.09×
Phantom Neuro Inc.Series A$15.4M$45.7M2.92×
Circulate Health, Inc.Series A$13.0M$43.3M2.77×
Biovantix Biotechnology, IncSeries A$15.0M$42.2M2.70×
Bariendo Inc.Series A$11.1M$40.9M2.61×
ENDRA Life Sciences Inc.Series A$26.8M$40.9M2.61×
Medici Therapeutics, Inc.Series A$14.8M$39.8M2.54×
Onconetix, Inc.Series A$22.0M$37.7M2.41×
Artelo Biosciences, Inc. this companySeries A$23.2M$723K0.05×
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$1.0M2017-07-01$5.6M$55.2M90%
Pre-Seed$851K2018-03-23$4.7M$47.0M90%
Pre-Seed$526K2018-07-31$2.9M$29.0M90%
Series A$4.2M2019-01-08$19.1M$151.6M90%
Series A$857K2019-04-25$3.9M$31.0M90%
Series A$1.4M2025-06-26$6.5M$4.7M90%
Series A$9.5M2025-08-05$43.1M$29.3M90%
Series A$3.7M2025-10-28$16.9M$10.3M90%
Series A$500K2026-01-30$2.3M$1.2M90%
Series A$113K2026-03-12$514K$262K90%
Series A$237K2026-03-12$1.1M$550K90%
Series A$315K2026-03-20$1.4M$723K90%
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$1.0M2017-07-01
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$851K2018-03-23
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 27 investors on this round.
  3. Pre-Seed$526K2018-07-31
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 24 investors on this round.
  4. Series A$4.2M2019-01-08
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 8.0× larger than the prior — scaling up.
    • 40 investors on this round.
  5. Series A$857K2019-04-25
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 4.9× smaller than the prior — bridge or down round.
    • 59 investors on this round.
  6. Series A$1.4M2025-06-26
    • Raised again after 74 mo — slower than the ~14 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 8 investors on this round.
  7. Series A$9.5M2025-08-05
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 6.6× larger than the prior — scaling up.
    • 18 investors on this round.
  8. Series A$3.7M2025-10-28
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  9. Series A$500K2026-01-30
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 7.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  10. Series A$113K2026-03-12
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  11. Series A$237K2026-03-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× larger than the prior — scaling up.
    • 1 investor on this round.
  12. Series A$315K2026-03-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~10mo cadence
$418K
Modeled next size est.range $315K$669K
1.3×
Last step-up
$2.7M/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
Steven Kelly3 other2017-07
Peter O'Brien2 other2017-07
Gregory D. Gorgas1 other2025-06
Mark R. Spring1 other2025-10
R. Martin Emanuele1 other2018-03
Connie D. Matsui2025-06
Connie Matsui2017-07
Douglas D. Blayney2025-06
Douglas Martin Blayney2018-03
Georgia Martin Erbez2018-03
Gregory Gorgas2017-07
Gregory R. Reyes2025-06
Peter Martin O'Brien2018-03
Steven D. Kelly2025-06
Steven Martin Kelly2018-03
Tamara A. Favorito2025-06
Registry & provenance

Artelo Biosciences, 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
1621221
SEC CIK
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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.

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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
Arterica Inc.BiotechnologySeed$22.8M93%
Artelon, Inc.BiotechnologySeries B$230.7M91%
Aura Biosciences, Inc.BiotechnologySeries C$2.5B88%
Palladio Biosciences, Inc.BiotechnologySeries B$1.0B87%
Seraph Biosciences, Inc.BiotechnologySeries A$253.9M87%
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Amplifi Vascular, Inc.BiotechnologySeries A$29.0M87%
Angion Biomedica Corp.BiotechnologySeries B$48.4M87%
Frequently asked
How much funding has Artelo Biosciences, Inc. raised?
Artelo Biosciences, Inc. has raised approximately $23.2M in disclosed capital across 12 recorded financing rounds, aggregated from public filings.
What is Artelo Biosciences, Inc.'s estimated valuation?
Provath's modeled valuation for Artelo Biosciences, Inc. is approximately $723K (modeled range $344K–$1.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Artelo Biosciences, Inc. at?
Artelo Biosciences, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Mar 20.
What does Artelo Biosciences, Inc. do and where is it based?
Artelo Biosciences, Inc. operates in the Biotechnology sector, based in SOLANA BEACH.
Explore related

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