Companies · Pharmaceuticals

Clene Inc.

SALT LAKE CITY · Pharmaceuticals

Diligence memoA one-page analyst read on Clene Inc. — recommendation, valuation, rhythm, risks.
$16.6M
Total raised · real
2
Rounds
0.8×
Latest step-up
Top 38%
Sector rank · raised
Series A
Latest stage · inferred · Tue Oct 01 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Clene 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 pharma 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 1.03× the median modeled value of Series A Pharmaceuticals companies in 2022–2024 (64 peers) — value vs value, same stage and era.
  • Within the normal band (103% of peer median) for its niche.
Quiet
  • Last raise 21 mo ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector 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 Pharmaceuticals

Clene Inc. is one of 1613 Pharmaceuticals companies tracked from SALT LAKE CITY. By capital raised it ranks mid-pack (ahead of 63% 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
13
Investors (latest)
2020
Year incorporated
2024-10-01
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$200MSeries A · 2021-05-24 Raised $9.3M (real) Modeled valuation $192M (est)$9.3M$192MSeries A2021Series A · 2024-10-01 Raised $7.3M (real) Modeled valuation $34M (est)$7.3M$34MSeries A2024+$7.3MCumulative $17M

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
Series A$9.3M · 2021
Series A extension$7.3M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$33.6M
Base estimate est.
$8.4M
Conservative case
$68.7M
Upside case
$33.2M
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 pharma sector profile. Directional, not a quoted figure.

Series A · modeled $191.9M · 2021-05-242021Series A · modeled $33.6M · 2024-10-012024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
46%
Survival probability
25% low · 63% high
1.57×/yr
Annual markup
1.97×/yr upside case
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
40 mo
Avg between rounds
$4.9M/yr
Capital velocity
5.1 yr
On record since
2021
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) 2.0× above median
This company$16.6M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.4× above median
This company$7.3M
Sector median$5.2M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$33.6M
Sector median$76.1M

Raised more than 63% of sector peers (real $). Modeled value above 35% 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 #32 of 64.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Hallux, Inc. · Series A Raised $20.0M · modeled $151.6M (est)Enalare Therapeutics Inc. · Series A Raised $23.5M · modeled $150.9M (est)Silver Creek Pharmaceuticals, Inc. · Series A Raised $12.6M · modeled $139.3M (est)NQ PE Project Stingray Parent, L.P. · Series A Raised $11.4M · modeled $131.7M (est)Acta Pharmaceuticals, Inc. · Series A Raised $13.4M · modeled $121.5M (est)Groff North America, LLC · Series A Raised $13.1M · modeled $105.9M (est)Hoth Therapeutics, Inc. · Series A Raised $33.7M · modeled $100.6M (est)Eyegate Pharmaceuticals Inc · Series A Raised $72.9M · modeled $92.6M (est)resistanceBio, Inc. · Series A Raised $12.8M · modeled $79.5M (est)T3D Therapeutics, Inc. · Series A Raised $30.0M · modeled $70.9M (est)Aspire BioPharma, Inc. · Series A Raised $10.0M · modeled $69.4M (est)Octagon Therapeutics, Inc. · Series A Raised $12.4M · modeled $68.3M (est)Clene Inc. (this company) Raised $16.6M · modeled $33.6M (est)Clene Inc.
CompanyStageRaised · realValue · estvs peer med.
Hallux, Inc.Series A$20.0M$151.6M4.65×
Enalare Therapeutics Inc.Series A$23.5M$150.9M4.62×
Silver Creek Pharmaceuticals, Inc.Series A$12.6M$139.3M4.27×
NQ PE Project Stingray Parent, L.P.Series A$11.4M$131.7M4.04×
Acta Pharmaceuticals, Inc.Series A$13.4M$121.5M3.72×
Groff North America, LLCSeries A$13.1M$105.9M3.25×
Hoth Therapeutics, Inc.Series A$33.7M$100.6M3.08×
Eyegate Pharmaceuticals IncSeries A$72.9M$92.6M2.84×
resistanceBio, Inc.Series A$12.8M$79.5M2.44×
T3D Therapeutics, Inc.Series A$30.0M$70.9M2.17×
Aspire BioPharma, Inc.Series A$10.0M$69.4M2.13×
Octagon Therapeutics, Inc.Series A$12.4M$68.3M2.09×
Clene Inc. this companySeries A$16.6M$33.6M1.03×
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.
Series A$9.3M2021-05-24$42.0M$191.9M90%
Series A$7.3M2024-10-01$33.2M$33.6M90%
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. Series A$9.3M2021-05-24
    • First recorded raise — entered as Series A.
    • 8 investors on this round.
  2. Series A$7.3M2024-10-01
    • Raised again after 40 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 13 investors on this round.
Intelligence
2028 ~Q1
Modeled next raise · ~40mo cadence
$7.3M
Modeled next size est.range $7.3M$11.7M
0.8×
Last step-up
$4.9M/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
John Stevens5 other2021-05
David Matlin3 other2021-05
Chidozie Ugwumba2 other2021-05
Shalom Jacobovitz2 other2021-05
Alison Mosca1 other2021-05
Jonathon Gay1 other2021-05
Mark Mortenson1 other2021-05
Reed Wilcox1 other2021-05
Alison Dee Mosca2024-10
Arjun Dee Desai2024-10
David Dee Matlin2024-10
Fiona Costello2021-05
Jonathon T. Gay2024-10
Mark Dee Mortenson2024-10
Matthew V. Kiernan2024-10
Morgan Dee Brown2024-10
Reed Neil Wilcox2024-10
Robert Dee Etherington2024-10
Robert Etherington2021-05
Robert Glanzman2021-05
Shalom T. Jacobovitz2024-10
Tae Heum Jeong2021-05
Vallerie V. McLaughlin2024-10
Registry & provenance

Clene 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
1822791
SEC CIK
2020
Incorporated
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
Clene Nanomedicine, Inc.PharmaceuticalsSeries C$48.7M$1.4Bnetwork4 shared operators · same sector
Cero Therapeutics Holdings, Inc.PharmaceuticalsSeries A$16.4M$17.9Msame sector · same stage
Apicore Inc.PharmaceuticalsSeries A$16.7M$22.3Msame sector · same stage
Nevakar Inc.PharmaceuticalsSeries A$16.1M$40.3Msame sector · same stage
Thar Pharmaceuticals IncPharmaceuticalsSeries A$15.9M$42.5Msame sector · same stage
Spectrum Antimicrobials, Inc.PharmaceuticalsSeries A$17.3M$47.3Msame sector · same stage
Pleopharma, Inc.PharmaceuticalsSeries A$17.4M$20.4Msame sector · same stage
Intellipharmaceutics International Inc.PharmaceuticalsSeries A$17.5M$31.4Msame sector · same stage
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
Clene Nanomedicine, Inc.PharmaceuticalsSeries C$1.4B91%
Clarus Therapeutics Holdings, Inc.PharmaceuticalsSeries B$289.4M84%
Delex Healthcare Group, Inc.PharmaceuticalsSeries B$341.1M81%
Athenex, Inc.PharmaceuticalsSeries C$2.1B80%
Reven Holdings IncPharmaceuticalsPre-Seed$9.5M80%
Lumina Pharmaceuticals Inc.PharmaceuticalsSeed$6.1M80%
PharmID, Inc.PharmaceuticalsSeries A$154.9M80%
Clearside Biomedical, Inc.PharmaceuticalsSeries B$113.9M79%
Frequently asked
How much funding has Clene Inc. raised?
Clene Inc. has raised approximately $16.6M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Clene Inc.'s estimated valuation?
Provath's modeled valuation for Clene Inc. is approximately $33.6M (modeled range $8.4M–$68.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Clene Inc. at?
Clene Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Oct 01.
What does Clene Inc. do and where is it based?
Clene Inc. operates in the Pharmaceuticals sector, based in SALT LAKE CITY.
Explore related

See where Clene 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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