Companies · Biotechnology

Bio-Path Holdings Inc

BELLAIRE · Biotechnology

Diligence memoA one-page analyst read on Bio-Path Holdings Inc — recommendation, valuation, rhythm, risks.
$19.9M
Total raised · real
13
Rounds
1.0×
Latest step-up
Top 34%
Sector rank · raised
Seed
Latest stage · inferred · Tue Oct 08 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Bio-Path Holdings Inc looks fair 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 biotech 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 1.17× the median modeled value of Seed Biotechnology companies in 2022–2024 (207 peers) — value vs value, same stage and era.
  • Within the normal band (117% of peer median) for its niche.
Quiet
  • Last raise 21 mo ago; this sector typically re-raises about every 14 months.
  • Slightly overdue versus sector 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

Bio-Path Holdings Inc 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
17.0 yr record
Peak capital year was 2024 with $9.6M across 4 filings.
Market position
ahead of 67% of Biotechnology peers
Capital scale is ahead of 67% of Biotechnology peers; modeled value is above 26% 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
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
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 2024: $9.6M across 4 filings.
  • Largest single filing was $4.0M on 2024-06-03.
  • Filing rows sum to $21.4M, while canonical raised total is $19.9M; likely amendments/superseded rows are mixed into the detail view.
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.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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

Bio-Path Holdings Inc is one of 4293 Biotechnology companies tracked from BELLAIRE. By capital raised it ranks mid-pack (ahead of 67% 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)
2024-10-08
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 · 2009-07-01 Raised $500K (real) Modeled valuation $28M (est)Pre-Seed2009Pre-Seed · 2009-07-01 Raised $650K (real) Modeled valuation $36M (est)Pre-Seed · 2009-10-08 Raised $923K (real) Modeled valuation $51M (est)Pre-Seed2009Pre-Seed · 2009-12-31 Raised $250K (real) Modeled valuation $14M (est)Pre-Seed · 2010-06-02 Raised $200K (real) Modeled valuation $11M (est)Pre-Seed2010Pre-Seed · 2010-12-22 Raised $741K (real) Modeled valuation $41M (est)Pre-Seed · 2010-12-22 Raised $150K (real) Modeled valuation $8.3M (est)Pre-Seed2010Seed · 2012-05-17 Raised $1.0M (real) Modeled valuation $45M (est)Seed · 2013-04-24 Raised $453K (real) Modeled valuation $20M (est)Seed2013Seed · 2018-09-20 Raised $2.3M (real) Modeled valuation $102M (est)Seed · 2019-01-18 Raised $988K (real) Modeled valuation $44M (est)Seed2019Seed · 2019-03-12 Raised $1.4M (real) Modeled valuation $62M (est)Seed · 2022-11-09 Raised $2.3M (real) Modeled valuation $27M (est)Seed2022Seed · 2024-03-25 Raised $318K (real) Modeled valuation $1.8M (est)Seed · 2024-04-18 Raised $1.3M (real) Modeled valuation $6.9M (est)Seed2024Seed · 2024-06-03 Raised $4.0M (real) Modeled valuation $20M (est)Seed · 2024-10-08 Raised $4.0M (real) Modeled valuation $17M (est)Seed2024Cumulative $21M

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 · 2009
Pre-Seed extension$650K · 2009
Pre-Seed extension$923K · 2009
Pre-Seed extension$250K · 2009
Pre-Seed extension$200K · 2010
Pre-Seed extension$741K · 2010
Pre-Seed extension$150K · 2010
Seed$1.0M · 2012
Seed extension$453K · 2013
Seed extension$2.3M · 2018
Seed extension$988K · 2019
Seed extension$1.4M · 2019
Seed extension$2.3M · 2022
Seed extension$318K · 2024
Seed extension$1.3M · 2024
Seed extension$4.0M · 2024
Seed extension$4.0M · 2024

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$16.7M
Base estimate est.
$2.9M
Conservative case
$41.2M
Upside case
$20.0M
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 biotech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $27.6M · 2009-07-012009Pre-Seed · modeled $35.9M · 2009-07-01Pre-Seed · modeled $51.0M · 2009-10-08Pre-Seed · modeled $13.8M · 2009-12-31Pre-Seed · modeled $11.0M · 2010-06-02Pre-Seed · modeled $40.9M · 2010-12-22Pre-Seed · modeled $8.3M · 2010-12-22Seed · modeled $44.6M · 2012-05-17Seed · modeled $20.1M · 2013-04-24Seed · modeled $102.2M · 2018-09-20Seed · modeled $43.9M · 2019-01-18Seed · modeled $61.6M · 2019-03-12Seed · modeled $27.5M · 2022-11-09Seed · modeled $1.8M · 2024-03-25Seed · modeled $6.9M · 2024-04-18Seed · modeled $20.2M · 2024-06-03Seed · modeled $16.7M · 2024-10-082024
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
32%
Survival probability
14% low · 50% high
1.74×/yr
Annual markup
2.28×/yr upside case
1.7 yr
Elapsed time used
1.7 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$1.3M/yr
Capital velocity
17.0 yr
On record since
2009
First round
17
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) 2.8× above median
This company$19.9M
Sector median$7.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 2.3× above median
This company$4.0M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$16.7M
Sector median$64.2M

Raised more than 67% of sector peers (real $). Modeled value above 26% 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 #90 of 207.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Mesentech Inc. · Seed Raised $3.9M · modeled $65.7M (est)Marlinspike Therapeutics, Inc. · Seed Raised $3.5M · modeled $64.4M (est)Microbial Machines, Inc. · Seed Raised $3.9M · modeled $63.7M (est)Pearl Diagnostics, Inc. · Seed Raised $3.5M · modeled $62.9M (est)Crossfire Medical Inc · Seed Raised $3.0M · modeled $57.5M (est)Design Pharmaceuticals, Inc. · Seed Raised $3.0M · modeled $57.0M (est)Tekv Holdings LLC · Seed Raised $4.0M · modeled $55.5M (est)Mi-Helper, Inc. · Seed Raised $4.0M · modeled $50.9M (est)Thelium Therapeutics Inc. · Seed Raised $3.1M · modeled $50.7M (est)Turtle Health, Inc. · Seed Raised $2.7M · modeled $49.1M (est)Accufix Holdings, Inc. · Seed Raised $4.2M · modeled $46.7M (est)Kyttaro Ltd · Seed Raised $5.2M · modeled $45.5M (est)Bio-Path Holdings Inc (this company) Raised $19.9M · modeled $16.7M (est)Bio-Path Holdings Inc
CompanyStageRaised · realValue · estvs peer med.
Mesentech Inc.Seed$3.9M$65.7M4.61×
Marlinspike Therapeutics, Inc.Seed$3.5M$64.4M4.52×
Microbial Machines, Inc.Seed$3.9M$63.7M4.47×
Pearl Diagnostics, Inc.Seed$3.5M$62.9M4.41×
Crossfire Medical IncSeed$3.0M$57.5M4.04×
Design Pharmaceuticals, Inc.Seed$3.0M$57.0M4.00×
Tekv Holdings LLCSeed$4.0M$55.5M3.89×
Mi-Helper, Inc.Seed$4.0M$50.9M3.58×
Thelium Therapeutics Inc.Seed$3.1M$50.7M3.56×
Turtle Health, Inc.Seed$2.7M$49.1M3.45×
Accufix Holdings, Inc.Seed$4.2M$46.7M3.28×
Kyttaro LtdSeed$5.2M$45.5M3.20×
Bio-Path Holdings Inc this companySeed$19.9M$16.7M1.17×
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$500K2009-07-01$2.8M$27.6M85%
Pre-Seed$650K2009-07-01$3.6M$35.9M85%
Pre-Seed$923K2009-10-08$5.1M$51.0M85%
Pre-Seed$250K2009-12-31$1.4M$13.8M85%
Pre-Seed$200K2010-06-02$1.1M$11.0M85%
Pre-Seed$741K2010-12-22$4.1M$40.9M85%
Pre-Seed$150K2010-12-22$833K$8.3M85%
Seed$1.0M2012-05-17$5.0M$44.6M85%
Seed$453K2013-04-24$2.3M$20.1M85%
Seed$2.3M2018-09-20$11.5M$102.2M90%
Seed$988K2019-01-18$4.9M$43.9M90%
Seed$1.4M2019-03-12$6.9M$61.6M90%
Seed$2.3M2022-11-09$11.4M$27.5M90%
Seed$318K2024-03-25$1.6M$1.8M90%
Seed$1.3M2024-04-18$6.4M$6.9M90%
Seed$4.0M2024-06-03$20.0M$20.2M90%
Seed$4.0M2024-10-08$20.0M$16.7M90%
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$500K2009-07-01
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$650K2009-07-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
  3. Pre-Seed$923K2009-10-08
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 7 investors on this round.
  4. Pre-Seed$250K2009-12-31
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 3.7× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  5. Pre-Seed$200K2010-06-02
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  6. Pre-Seed$741K2010-12-22
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 3.7× larger than the prior — scaling up.
    • 14 investors on this round.
  7. Pre-Seed$150K2010-12-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.9× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  8. Seed$1.0M2012-05-17
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round 6.7× larger than the prior — scaling up.
    • 62 investors on this round.
  9. Seed$453K2013-04-24
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  10. Seed$2.3M2018-09-20
    • Raised again after 65 mo — slower than the ~14 mo sector norm.
    • Round 5.1× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 4 investors on this round.
  11. Seed$988K2019-01-18
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  12. Seed$1.4M2019-03-12
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 4 investors on this round.
  13. Seed$2.3M2022-11-09
    • Raised again after 44 mo — slower than the ~14 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 5 investors on this round.
  14. Seed$318K2024-03-25
    • Raised 16 mo later, in step with the ~14 mo sector norm.
    • Round 7.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  15. Seed$1.3M2024-04-18
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
    • 3 investors on this round.
  16. Seed$4.0M2024-06-03
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 1 investor on this round.
  17. Seed$4.0M2024-10-08
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~11mo cadence
$4.0M
Modeled next size est.range $4.0M$6.4M
1.0×
Last step-up
$1.3M/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
Douglas P Morris1 other2009-07
MARK P. COLONNESE1 other2018-09
Aline D. Sherwood2022-11
Aline P, Sherwood2024-03
Gillian Ivers-Read2009-07
Gillian P. Ivers-Read2009-07
Heath W. Cleaver2018-09
MICHAEL J. GARRISON2012-05
MICHAEL P. GARRISON2013-04
Paul D. Aubert2018-09
Peter H. Nielsen2009-07
Thomas Garrison2009-07
Thomas P. Garrison2009-07
Registry & provenance

Bio-Path Holdings 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
1133818
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
PATH EX, Inc.BiotechnologySeries A$29.1M92%
Ls Biopath, Inc.BiotechnologySeries A$156.9M90%
BioHSV Holdings, Inc.BiotechnologySeed$33.5M89%
Leading Biosciences, Inc.BiotechnologySeries B$558.3M88%
FlightPath Biosciences, Inc.BiotechnologySeries A$82.4M88%
3D Bio Holdings, Inc.BiotechnologySeries A$181.8M88%
Bio2 Technologies, Inc.BiotechnologySeries A$16.4M88%
SwitchPoint Bio Holding, Inc.BiotechnologySeries A$12.3M88%
Frequently asked
How much funding has Bio-Path Holdings Inc raised?
Bio-Path Holdings Inc has raised approximately $19.9M in disclosed capital across 13 recorded financing rounds, aggregated from public filings.
What is Bio-Path Holdings Inc's estimated valuation?
Provath's modeled valuation for Bio-Path Holdings Inc is approximately $16.7M (modeled range $2.9M–$41.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bio-Path Holdings Inc at?
Bio-Path Holdings Inc's latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Oct 08.
What does Bio-Path Holdings Inc do and where is it based?
Bio-Path Holdings Inc operates in the Biotechnology sector, based in BELLAIRE.
Explore related

See where Bio-Path Holdings 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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