Companies · Other Technology

Burcon NutraScience Corp

VANCOUVER · Other Technology

Diligence memoA one-page analyst read on Burcon NutraScience Corp — recommendation, valuation, rhythm, risks.
$5.2M
Total raised · real
3
Rounds
0.3×
Latest step-up
Top 41%
Sector rank · raised
Seed
Latest stage · inferred · Wed Dec 31 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Burcon NutraScience Corp 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 technology 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 0.40× the median modeled value of Seed Other Technology companies in 2025–2027 (456 peers) — value vs value, same stage and era.
Active
  • Last raise 6 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 Other Technology

Burcon NutraScience Corp is one of 21292 Other Technology companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 60% 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)
2025-12-31
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$5.0M$10M$15M$20MSeed · 2023-05-08 Raised $1.3M (real) Modeled valuation $11M (est)$1.3M$11MSeed2023Seed · 2024-03-12 Raised $3.0M (real) Modeled valuation $17M (est)$3.0M$17MSeed2024Seed · 2025-12-31 Raised $912K (real) Modeled valuation $2.3M (est)$912K$2.3MSeed2025+$3.0M+$912KCumulative $5.2M

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
Seed$1.3M · 2023
Seed extension$3.0M · 2024
Seed extension$912K · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$2.3M
Base estimate est.
$804K
Conservative case
$4.0M
Upside case
$4.6M
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 technology sector profile. Directional, not a quoted figure.

Seed · modeled $11.3M · 2023-05-082023Seed · modeled $17.4M · 2024-03-12Seed · modeled $2.3M · 2025-12-312025
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
0.5 yr
Elapsed time used
0.5 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$1.9M/yr
Capital velocity
3.2 yr
On record since
2023
First round
3
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. 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) 1.6× above median
This company$5.2M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.5× of median
This company$912K
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$2.3M
Sector median$37.3M

Raised more than 60% of sector peers (real $). Modeled value above 6% 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 #393 of 456.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Income Laboratory, Inc. · Seed Raised $8.4M · modeled $14.6M (est)Strala Group, Inc. · Seed Raised $4.0M · modeled $14.3M (est)Volur, Inc. · Seed Raised $7.0M · modeled $14.3M (est)Tensor9 Inc. · Seed Raised $4.0M · modeled $14.2M (est)TwinKnowledge Inc · Seed Raised $3.7M · modeled $14.0M (est)C-981, Inc · Seed Raised $3.9M · modeled $14.0M (est)Captain XYZ, Inc. · Seed Raised $4.0M · modeled $13.9M (est)Solcoro LLC · Seed Raised $4.0M · modeled $13.8M (est)NewPayHealth, Inc. · Seed Raised $3.7M · modeled $13.7M (est)Thread Magic, Inc. · Seed Raised $11.1M · modeled $13.6M (est)DAPTA Inc. · Seed Raised $4.0M · modeled $13.6M (est)Valiot Inc. · Seed Raised $9.4M · modeled $13.4M (est)Burcon NutraScience Corp (this company) Raised $5.2M · modeled $2.3M (est)Burcon NutraScience Corp
CompanyStageRaised · realValue · estvs peer med.
Income Laboratory, Inc.Seed$8.4M$14.6M2.57×
Strala Group, Inc.Seed$4.0M$14.3M2.52×
Volur, Inc.Seed$7.0M$14.3M2.52×
Tensor9 Inc.Seed$4.0M$14.2M2.50×
TwinKnowledge IncSeed$3.7M$14.0M2.47×
C-981, IncSeed$3.9M$14.0M2.46×
Captain XYZ, Inc.Seed$4.0M$13.9M2.45×
Solcoro LLCSeed$4.0M$13.8M2.43×
NewPayHealth, Inc.Seed$3.7M$13.7M2.42×
Thread Magic, Inc.Seed$11.1M$13.6M2.39×
DAPTA Inc.Seed$4.0M$13.6M2.39×
Valiot Inc.Seed$9.4M$13.4M2.37×
Burcon NutraScience Corp this companySeed$5.2M$2.3M0.40×
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.
Seed$1.3M2023-05-08$6.5M$11.3M90%
Seed$3.0M2024-03-12$14.8M$17.4M90%
Seed$912K2025-12-31$4.6M$2.3M90%
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. Seed$1.3M2023-05-08
    • First recorded raise — entered as Seed.
    • 9 investors on this round.
  2. Seed$3.0M2024-03-12
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 16 investors on this round.
  3. Seed$912K2025-12-31
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~16mo cadence
$912K
Modeled next size est.range $912K$1.5M
0.3×
Last step-up
$1.9M/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
Alan Chan3 other2023-05
Aaron T. Ratner2023-05
Alex Varty2025-12
Alfred T.L. Lau2023-05
Debora S. Fang2023-05
Dorothy Law2024-03
Dorothy T. Law2023-05
Jade Cheng2024-03
Jade T. Cheng2023-05
James P. Pekar2025-12
J. Douglas Gilpin2023-05
Jeanne E. McCaherty2023-05
John A. Vassallo2024-03
Kip T. Underwood2023-05
Kip Underwood2024-03
Lorne Tyrrell2023-05
Martin T. Schweizer2023-05
Peter H. Kappel2023-05
Philip H. Dowad2025-12
Randy T. Willardsen2023-05
Randy Willardsen2025-12
Randy Williardson2024-03
Richard Nazur Jr.2025-12
Schweizer Martin2024-03
Registry & provenance

Burcon NutraScience Corp 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
1158399
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.

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NovaData Solutions Inc.Other TechnologySeed$5.7M$2.5Msame sector · same stage
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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
BACCH Laboratories, Inc.Other TechnologySeed$4.7M85%
Ribbiot, Inc.Other TechnologySeries A$49.3M85%
NutmegLabs, Inc.Other TechnologySeries A$41.3M85%
Buidl IncOther TechnologySeed$35.6M85%
Feedcoyote Inc.Other TechnologyPre-Seed$1.0M85%
Farmer's Business Network, Inc.Other TechnologySeries D+$269.4M84%
BioSqueeze, Inc.Other TechnologySeries A$91.8M84%
Bueller RNDS, Inc.Other TechnologyPre-Seed$14.8M84%
Frequently asked
How much funding has Burcon NutraScience Corp raised?
Burcon NutraScience Corp has raised approximately $5.2M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Burcon NutraScience Corp's estimated valuation?
Provath's modeled valuation for Burcon NutraScience Corp is approximately $2.3M (modeled range $804K–$4.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Burcon NutraScience Corp at?
Burcon NutraScience Corp's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Dec 31.
What does Burcon NutraScience Corp do and where is it based?
Burcon NutraScience Corp operates in the Other Technology sector, based in VANCOUVER.
Explore related

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

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