Companies · Pharmaceuticals

China-Ground Floor Holdings X, L.P.

NORTH VANCOUVER · Pharmaceuticals

Diligence memoA one-page analyst read on China-Ground Floor Holdings X, L.P. — recommendation, valuation, rhythm, risks.
$393K
Total raised · real
2
Rounds
0.8×
Latest step-up
Top 91%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Mar 09 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

China-Ground Floor Holdings X, L.P. looks under-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.

Under-valued
  • Modeled value is 0.56× the median modeled value of Pre-Seed Pharmaceuticals companies in 2010–2012 (71 peers) — value vs value, same stage and era.
Dormant
  • Last raise 14.3 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

China-Ground Floor Holdings X, L.P. 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
14.3 yr record
Peak capital year was 2012 with $393K across 2 filings.
Market position
ahead of 10% of Pharmaceuticals peers
Capital scale is ahead of 10% of Pharmaceuticals peers; modeled value is above 18% 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 2012: $393K across 2 filings.
  • Largest single filing was $224K on 2012-03-09.
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

China-Ground Floor Holdings X, L.P. is one of 1613 Pharmaceuticals companies tracked from NORTH VANCOUVER. By capital raised it ranks in the long tail (ahead of 10% 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
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$20MPre-Seed · 2012-03-09 Raised $224K (real) Modeled valuation $11M (est)$224K$11MPre-Seed2012Pre-Seed · 2012-03-09 Raised $169K (real) Modeled valuation $8.0M (est)$169K$8.0MPre-Seed2012+$169KCumulative $393K

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$224K · 2012
Pre-Seed extension$169K · 2012

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

Modeled valuation trajectory
$10.6M
Base estimate est.
$125K
Conservative case
$120.1M
Upside case
$1.2M
Modeled post-money

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

Pre-Seed · modeled $10.6M · 2012-03-092012Pre-Seed · modeled $8.0M · 2012-03-092012
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
25%
Survival probability
10% low · 46% high
1.80×/yr
Annual markup
2.44×/yr upside case
6.0 yr
Elapsed time used
14.3 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
14.3 yr
On record since
2012
First round
2
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) 0.0× of median
This company$393K
Sector median$8.1M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.4× of median
This company$169K
Sector median$421K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$10.6M
Sector median$76.1M

Raised more than 10% of sector peers (real $). Modeled value above 18% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #54 of 71.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Dermal Life, LLC · Pre-Seed Raised $1.3M · modeled $47.3M (est)Armgo Pharma Inc · Pre-Seed Raised $1.0M · modeled $47.3M (est)Third Day Healing Holdings LLC · Pre-Seed Raised $995K · modeled $47.1M (est)Dermamedics Llc · Pre-Seed Raised $2.0M · modeled $45.9M (est)China Yongxin Pharmaceuticals Inc. · Pre-Seed Raised $1.4M · modeled $42.6M (est)Flex Biomedical, Inc. · Pre-Seed Raised $2.4M · modeled $41.7M (est)Spaulding Clinical Research Llc · Pre-Seed Raised $1.7M · modeled $41.2M (est)BioAnalytix LLC · Pre-Seed Raised $858K · modeled $40.6M (est)SteadySleep Rx Co. · Pre-Seed Raised $800K · modeled $37.8M (est)Primrose Therapeutics, Inc. · Pre-Seed Raised $753K · modeled $35.6M (est)Century Labs, Inc. · Pre-Seed Raised $750K · modeled $35.5M (est)Osteologix, Inc. · Pre-Seed Raised $1.8M · modeled $35.5M (est)China-Ground Floor Holdings X, L.P. (this company) Raised $393K · modeled $10.6M (est)China-Ground Floor Holdings X, L.P.
CompanyStageRaised · realValue · estvs peer med.
Dermal Life, LLCPre-Seed$1.3M$47.3M2.50×
Armgo Pharma IncPre-Seed$1.0M$47.3M2.50×
Third Day Healing Holdings LLCPre-Seed$995K$47.1M2.48×
Dermamedics LlcPre-Seed$2.0M$45.9M2.42×
China Yongxin Pharmaceuticals Inc.Pre-Seed$1.4M$42.6M2.25×
Flex Biomedical, Inc.Pre-Seed$2.4M$41.7M2.20×
Spaulding Clinical Research LlcPre-Seed$1.7M$41.2M2.17×
BioAnalytix LLCPre-Seed$858K$40.6M2.14×
SteadySleep Rx Co.Pre-Seed$800K$37.8M2.00×
Primrose Therapeutics, Inc.Pre-Seed$753K$35.6M1.88×
Century Labs, Inc.Pre-Seed$750K$35.5M1.87×
Osteologix, Inc.Pre-Seed$1.8M$35.5M1.87×
China-Ground Floor Holdings X, L.P. this companyPre-Seed$393K$10.6M0.56×
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$224K2012-03-09$1.2M$10.6M90%
Pre-Seed$169K2012-03-09$939K$8.0M90%
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$224K2012-03-09
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$169K2012-03-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× smaller than the prior — bridge or down round.
Intelligence
Modeled next raise
$169K
Modeled next size est.range $169K$270K
0.8×
Last step-up
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
David Steele2 other2012-03
Registry & provenance

China-Ground Floor Holdings X, L.P. 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
1545646
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
EnzymeBioSystemsPharmaceuticalsPre-Seed$390K$18.4Msame sector · same stage
EIP Pharma LLCPharmaceuticalsPre-Seed$400K$18.9Msame sector · same stage
Genebiology, Inc.PharmaceuticalsPre-Seed$400K$18.9Msame sector · same stage
Medexus Pharmaceuticals Inc.PharmaceuticalsPre-Seed$400K$18.9Msame sector · same stage
Primatope Therapeutics, Inc.PharmaceuticalsPre-Seed$400K$18.9Msame sector · same stage
SureGene LLCPharmaceuticalsPre-Seed$400K$18.9Msame sector · same stage
Metagenomix, Inc.PharmaceuticalsPre-Seed$401K$19.0Msame sector · same stage
INTRACEL HOLDINGS CorpPharmaceuticalsPre-Seed$384K$18.2Msame sector · same stage
Frequently asked
How much funding has China-Ground Floor Holdings X, L.P. raised?
China-Ground Floor Holdings X, L.P. has raised approximately $393K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is China-Ground Floor Holdings X, L.P.'s estimated valuation?
Provath's modeled valuation for China-Ground Floor Holdings X, L.P. is approximately $10.6M (modeled range $125K–$120.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is China-Ground Floor Holdings X, L.P. at?
China-Ground Floor Holdings X, L.P.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Mar 09.
What does China-Ground Floor Holdings X, L.P. do and where is it based?
China-Ground Floor Holdings X, L.P. operates in the Pharmaceuticals sector, based in NORTH VANCOUVER.
Explore related

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