Companies · Biotechnology

Chronix Biomedical Inc

SAN JOSE · Biotechnology

Diligence memoA one-page analyst read on Chronix Biomedical Inc — recommendation, valuation, rhythm, risks.
$20.6M
Total raised · real
8
Rounds
2.2×
Latest step-up
Top 33%
Sector rank · raised
Series A
Latest stage · inferred · Fri Jun 30 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Chronix Biomedical Inc 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 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 0.57× the median modeled value of Series A Biotechnology companies in 2016–2018 (157 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.0 yr ago; this sector typically re-raises about every 14 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 Biotechnology

Chronix Biomedical Inc is one of 4293 Biotechnology companies tracked from SAN JOSE. By capital raised it ranks mid-pack (ahead of 68% of sector peers), and mid-pack 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
40
Investors (latest)
2017-06-30
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$200MSeed · 2009-09-11 Raised $1.5M (real) Modeled valuation $66M (est)Seed2009Seed · 2010-03-10 Raised $1.7M (real) Modeled valuation $77M (est)Seed2010Seed · 2011-01-31 Raised $2.8M (real) Modeled valuation $124M (est)Seed2011Seed · 2012-08-27 Raised $1.4M (real) Modeled valuation $63M (est)Seed2012Seed · 2012-12-27 Raised $3.4M (real) Modeled valuation $152M (est)Seed2012Seed · 2013-07-01 Raised $3.4M (real) Modeled valuation $152M (est)Seed2013Series A · 2015-06-04 Raised $5.0M (real) Modeled valuation $181M (est)Series A2015Series A · 2016-12-09 Raised $1.5M (real) Modeled valuation $53M (est)Series A2016Series A · 2017-06-30 Raised $3.3M (real) Modeled valuation $120M (est)Series A2017+$1.7M+$2.8M+$1.4M+$3.4M+$3.4M+$5.0M+$1.5M+$3.3MCumulative $24M

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$1.5M · 2009
Seed extension$1.7M · 2010
Seed extension$2.8M · 2011
Seed extension$1.4M · 2012
Seed extension$3.4M · 2012
Seed extension$3.4M · 2013
Series A$5.0M · 2015
Series A extension$1.5M · 2016
Series A extension$3.3M · 2017

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: 67%.

Modeled valuation trajectory
$119.5M
Base estimate est.
$3.6M
Conservative case
$650.0M
Upside case
$15.0M
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.

Seed · modeled $66.0M · 2009-09-112009Seed · modeled $77.3M · 2010-03-10Seed · modeled $123.5M · 2011-01-31Seed · modeled $62.8M · 2012-08-27Seed · modeled $152.3M · 2012-12-27Seed · modeled $152.3M · 2013-07-01Series A · modeled $181.2M · 2015-06-04Series A · modeled $53.2M · 2016-12-09Series A · modeled $119.5M · 2017-06-302017
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
6.0 yr
Elapsed time used
9.0 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$2.6M/yr
Capital velocity
16.8 yr
On record since
2009
First round
9
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) 2.9× above median
This company$20.6M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.6× of median
This company$3.3M
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 1.9× above median
This company$119.5M
Sector median$64.2M

Raised more than 68% of sector peers (real $). Modeled value above 62% 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 #119 of 157.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Bio-Dent, LTD. LLC · Series A Raised $15.0M · modeled $542.3M (est)Anthera Pharmaceuticals Inc · Series A Raised $15.0M · modeled $542.3M (est)Cynvec LLC · Series A Raised $17.4M · modeled $542.3M (est)Biothera Holding Corp. · Series A Raised $16.2M · modeled $529.3M (est)Limelight Bio, Inc. · Series A Raised $14.0M · modeled $506.2M (est)Overture Life, Inc. · Series A Raised $13.6M · modeled $491.7M (est)TAI Diagnostics, Inc. · Series A Raised $21.1M · modeled $463.8M (est)Occulo Holdings LLC · Series A Raised $12.8M · modeled $462.7M (est)Agilis Biotherapeutics, Inc. · Series A Raised $25.7M · modeled $458.0M (est)CAMBRIDGE EPIGENETIX Ltd · Series A Raised $12.3M · modeled $444.4M (est)Genten Therapeutics, Inc. · Series A Raised $12.0M · modeled $433.8M (est)LTC BioSciences, Inc · Series A Raised $12.0M · modeled $433.8M (est)Chronix Biomedical Inc (this company) Raised $20.6M · modeled $119.5M (est)Chronix Biomedical Inc
CompanyStageRaised · realValue · estvs peer med.
Bio-Dent, LTD. LLCSeries A$15.0M$542.3M2.57×
Anthera Pharmaceuticals IncSeries A$15.0M$542.3M2.57×
Cynvec LLCSeries A$17.4M$542.3M2.57×
Biothera Holding Corp.Series A$16.2M$529.3M2.51×
Limelight Bio, Inc.Series A$14.0M$506.2M2.40×
Overture Life, Inc.Series A$13.6M$491.7M2.33×
TAI Diagnostics, Inc.Series A$21.1M$463.8M2.20×
Occulo Holdings LLCSeries A$12.8M$462.7M2.19×
Agilis Biotherapeutics, Inc.Series A$25.7M$458.0M2.17×
CAMBRIDGE EPIGENETIX LtdSeries A$12.3M$444.4M2.11×
Genten Therapeutics, Inc.Series A$12.0M$433.8M2.06×
LTC BioSciences, IncSeries A$12.0M$433.8M2.06×
Chronix Biomedical Inc this companySeries A$20.6M$119.5M0.57×
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$1.5M2009-09-11$7.4M$66.0M85%
Seed$1.7M2010-03-10$8.7M$77.3M85%
Seed$2.8M2011-01-31$13.9M$123.5M85%
Seed$1.4M2012-08-27$7.1M$62.8M85%
Seed$3.4M2012-12-27$17.1M$152.3M85%
Seed$3.4M2013-07-01$17.1M$152.3M85%
Series A$5.0M2015-06-04$22.8M$181.2M90%
Series A$1.5M2016-12-09$6.7M$53.2M90%
Series A$3.3M2017-06-30$15.0M$119.5M90%
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$1.5M2009-09-11
    • First recorded raise — entered as Seed.
    • 14 investors on this round.
  2. Seed$1.7M2010-03-10
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 14 investors on this round.
  3. Seed$2.8M2011-01-31
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 11 investors on this round.
  4. Seed$1.4M2012-08-27
    • Raised 19 mo later, in step with the ~14 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  5. Seed$3.4M2012-12-27
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 26 investors on this round.
  6. Seed$3.4M2013-07-01
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 26 investors on this round.
  7. Series A$5.0M2015-06-04
    • Raised again after 23 mo — slower than the ~14 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 25 investors on this round.
  8. Series A$1.5M2016-12-09
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 3.4× smaller than the prior — bridge or down round.
    • 25 investors on this round.
  9. Series A$3.3M2017-06-30
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 40 investors on this round.
Intelligence
2018 ~Q2
Modeled next raise · ~12mo cadence
$7.4M
Modeled next size est.range $4.8M$11.9M
2.2×
Last step-up
$2.6M/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
William Mitchell6 other2009-09
Michael Jerstad3 other2009-09
Paul Freiman1 other2009-09
Robert Leppo1 other2009-09
William B Mitchell1 other2016-12
David B MacKenzie2016-12
David MacKenzie2009-09
Ekkehard B Schuetz2017-06
Howard B Urnovitz2016-12
Howard Urnovitz2009-09
John DiPietro2009-09
Michael B Jerstad2016-12
Paul B Freiman2016-12
Robert B Leppo2016-12
William B Boeger III2016-12
William Boeger III2009-09
Registry & provenance

Chronix Biomedical 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
1129116
SEC CIK
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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
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Chroma Medicine, Inc.BiotechnologySeries D+$2.4B87%
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ChromaTan Inc.BiotechnologySeed$120.8M86%
ChromaCode, Inc.BiotechnologySeries B$21.4M86%
Kronos Bio, Inc.BiotechnologySeries D+$4.3B86%
Genix BioMed, Inc.BiotechnologySeries A$361.5M86%
Biodesix IncBiotechnologySeries B$635.0M85%
Frequently asked
How much funding has Chronix Biomedical Inc raised?
Chronix Biomedical Inc has raised approximately $20.6M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Chronix Biomedical Inc's estimated valuation?
Provath's modeled valuation for Chronix Biomedical Inc is approximately $119.5M (modeled range $3.6M–$650.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Chronix Biomedical Inc at?
Chronix Biomedical Inc's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Jun 30.
What does Chronix Biomedical Inc do and where is it based?
Chronix Biomedical Inc operates in the Biotechnology sector, based in SAN JOSE.
Explore related

See where Chronix Biomedical 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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