Companies · Other

Cybin Corp

TORONTO · Other

Diligence memoA one-page analyst read on Cybin Corp — recommendation, valuation, rhythm, risks.
$29.9M
Total raised · real
5
Rounds
0.0×
Latest step-up
Top 12%
Sector rank · raised
Series B
Latest stage · inferred · Tue Nov 03 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Cybin Corp 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.

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 0.01× the median modeled value of Series B Other companies in 2019–2021 (371 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.7 yr ago; this sector typically re-raises about every 11 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 Other

Cybin Corp is one of 25008 Other companies tracked from TORONTO. By capital raised it ranks in the upper tier (ahead of 89% 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
4
Investors (latest)
2019
Year incorporated
2020-11-03
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$125M$250M$375M$500MPre-Seed · 2020-01-08 Raised $477K (real) Modeled valuation $11M (est)$477K$11MPre-Seed2020Seed · 2020-06-16 Raised $1.5M (real) Modeled valuation $29M (est)$1.5M$29MSeed2020Seed · 2020-08-20 Raised $423K (real) Modeled valuation $7.5M (est)$423K$7.5MSeed2020Series B · 2020-10-19 Raised $27M (real) Modeled valuation $422M (est)$27M$422MSeries B2020Series B · 2020-11-03 Raised $131K (real) Modeled valuation $2.0M (est)$131K$2.0MSeries B2020+$1.5M+$423K+$27M+$131KCumulative $30M

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$477K · 2020
Seed$1.5M · 2020
Seed extension$423K · 2020
Series B$27.4M · 2020no Series A on file
Series B extension$131K · 2020

Stages are modeled from round size (public records carry no series label). No record for: Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$2.0M
Base estimate est.
$328K
Conservative case
$7.2M
Upside case
$729K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $11.0M · 2020-01-082020Seed · modeled $28.7M · 2020-06-16Seed · modeled $7.5M · 2020-08-20Series B · modeled $421.8M · 2020-10-19Series B · modeled $2.0M · 2020-11-032020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
5.7 yr
Elapsed time used
5.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
2 mo
Avg between rounds
$36.4M/yr
Capital velocity
6.5 yr
On record since
2020
First round
5
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 15× above median
This company$29.9M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.0× of median
This company$131K
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$2.0M
Sector median$17.7M

Raised more than 89% of sector peers (real $). Modeled value above 11% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #371 of 371.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)MStar Holding Corp · Series B Raised $67.6M · modeled $645.3M (est)Chlorum Solutions Llc · Series B Raised $39.7M · modeled $626.8M (est)IFS Management Holdco, LLC · Series B Raised $37.5M · modeled $623.8M (est)Benefit Recovery Group, LLC · Series B Raised $40.0M · modeled $618.0M (est)Shenandoah Growers, Inc. · Series B Raised $74.2M · modeled $613.0M (est)Zmco Llc · Series B Raised $40.0M · modeled $610.1M (est)PathStream, Inc. · Series B Raised $38.8M · modeled $601.9M (est)MXY Holdings, LLC · Series B Raised $49.9M · modeled $597.0M (est)Ryzac, Inc. · Series B Raised $42.5M · modeled $593.9M (est)Plouton Datacenter I, Inc. · Series B Raised $35.3M · modeled $586.5M (est)Es Ei Llc · Series B Raised $35.3M · modeled $585.7M (est)Factor Law, Inc. · Series B Raised $36.3M · modeled $569.9M (est)Cybin Corp (this company) Raised $29.9M · modeled $2.0M (est)Cybin Corp
CompanyStageRaised · realValue · estvs peer med.
MStar Holding CorpSeries B$67.6M$645.3M2.16×
Chlorum Solutions LlcSeries B$39.7M$626.8M2.10×
IFS Management Holdco, LLCSeries B$37.5M$623.8M2.09×
Benefit Recovery Group, LLCSeries B$40.0M$618.0M2.07×
Shenandoah Growers, Inc.Series B$74.2M$613.0M2.05×
Zmco LlcSeries B$40.0M$610.1M2.04×
PathStream, Inc.Series B$38.8M$601.9M2.01×
MXY Holdings, LLCSeries B$49.9M$597.0M2.00×
Ryzac, Inc.Series B$42.5M$593.9M1.99×
Plouton Datacenter I, Inc.Series B$35.3M$586.5M1.96×
Es Ei LlcSeries B$35.3M$585.7M1.96×
Factor Law, Inc.Series B$36.3M$569.9M1.91×
Cybin Corp this companySeries B$29.9M$2.0M0.01×
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$477K2020-01-08$2.7M$11.0M90%
Seed$1.5M2020-06-16$7.7M$28.7M90%
Seed$423K2020-08-20$2.1M$7.5M90%
Series B$27.4M2020-10-19$152.0M$421.8M90%
Series B$131K2020-11-03$729K$2.0M90%
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$477K2020-01-08
    • First recorded raise — entered as Pre-Seed.
    • 9 investors on this round.
  2. Seed$1.5M2020-06-16
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 15 investors on this round.
  3. Seed$423K2020-08-20
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 3.6× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  4. Series B$27.4M2020-10-19
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 64.7× larger than the prior — scaling up.
    • 21 investors on this round.
  5. Series B$131K2020-11-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 208.5× smaller than the prior — bridge or down round.
    • 4 investors on this round.
Intelligence
2021 ~Q1
Modeled next raise · ~2mo cadence
$131K
Modeled next size est.range $131K$210K
0.0×
Last step-up
$36.4M/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
Eric So4 other2020-01
John Kanakis3 other2020-06
Doug Drysdale1 other2020-08
Douglas Drysdale1 other2020-10
Greg Cavers1 other2020-10
Paul Glavine1 other2020-06
Glavine Paul2020-01
Kanakis John2020-01
Registry & provenance

Cybin 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
1810579
SEC CIK
2019
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
Cybin Inc.OtherSeries D+$200.8M$871Knetwork6 shared operators · same sector
Working World, Inc.OtherSeries B$26.4M$1.9Msame sector · same stage
Delphi Interactive LLCOtherSeries B$26.2M$2.2Msame sector · same stage
University of Phoenix, Inc.OtherSeries B$25.9M$2.1Msame sector · same stage
Rogue One, Inc.OtherSeries B$21.8M$1.9Msame sector · same stage
Neptune Management Topco Holdings, LLCOtherSeries B$19.7M$2.0Msame sector · same stage
Chineseinvestors.com, Inc.OtherSeries A$31.2M$2.0Msame sector
GP Holdings, LLCOtherSeed$1.7M$4.6Mnetwork1 shared operator · same sector
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
Cybin Inc.OtherSeries D+$871K97%
Cytegen CorpOtherSeed$12.0M84%
Ic Potash CorpOtherSeries A$1.8M81%
CyteQuest, Inc.OtherSeed$19.5M81%
Cybrexa Holding Company, LLCOtherSeries C$625.1M80%
Cynch Inc.Other TechnologySeries B$125.7M80%
Cytogel Venture LlcOtherSeed$5.6M80%
CYBRIC Inc.Other TechnologySeries A$244.5M80%
Frequently asked
How much funding has Cybin Corp raised?
Cybin Corp has raised approximately $29.9M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Cybin Corp's estimated valuation?
Provath's modeled valuation for Cybin Corp is approximately $2.0M (modeled range $328K–$7.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cybin Corp at?
Cybin Corp's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Nov 03.
What does Cybin Corp do and where is it based?
Cybin Corp operates in the Other sector, based in TORONTO.
Explore related

See where Cybin 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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