CytoDyn Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Raised $158M across 21 disclosed rounds, last modeled as Series B (a $15M–$40M round).
Modeled value is 2.42× the median modeled value of Series B Biotechnology companies in 2022–2024 (197 peers) — value vs value, same stage and era.
Valued on the biotech profile — its sector's growth and survival benchmarks differ from the market default, so the same raise is worth more or less here.
Last raise 4.2 yr ago; this sector typically re-raises about every 14 months.
Latest round stepped up 11.5× from the prior — scaling.
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.
Over-valued
Modeled value is 2.42× the median modeled value of Series B Biotechnology companies in 2022–2024 (197 peers) — value vs value, same stage and era.
Dormant
Last raise 4.2 yr ago; this sector typically re-raises about every 14 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
CytoDyn Inc. 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
17.0 yr record
Peak capital year was 2015 with $41.2M across 4 filings.
Market position
ahead of 95% of Biotechnology peers
Capital scale is ahead of 95% of Biotechnology peers; modeled value is above 81% 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
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
No clearly named CEO/founder/principal role in the public records surfaced here.
No verified homepage on the profile yet.
Capital program peaked in 2015: $41.2M across 4 filings.
Largest single filing was $33.3M on 2015-06-30.
Filing rows sum to $191.1M, while canonical raised total is $158.1M; likely amendments/superseded rows are mixed into the detail view.
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.
Canonical filtering should be tightened before using row-level totals for diligence.
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
CytoDyn Inc. is one of 4293 Biotechnology companies tracked from Vancouver. By capital raised it ranks among the largest (ahead of 95% of sector peers), and in the upper tier 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
166
Investors (latest)
2022-04-07
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
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$455K · 2009
Pre-Seed extension$250K · 2009
Seed$2.0M · 2010
Seed extension$3.0M · 2011
Seed extension$576K · 2012
Series A$7.8M · 2012
Series A extension$5.9M · 2012
Series A extension$5.7M · 2012
Series A extension$14.5M · 2013
Bridge · Series A-stage$3.2M · 2013smaller follow-on
Series A extension$3.3M · 2015
Series B$33.3M · 2015
Bridge · Series B-stage$2.0M · 2015smaller follow-on
Series B extension$2.7M · 2015
Series B extension$4.3M · 2016
Series B extension$1.1M · 2017
Series B extension$17.6M · 2017
Bridge · Series B-stage$1.2M · 2017smaller follow-on
Series B extension$13.2M · 2018
Series B extension$7.8M · 2019
Bridge · Series B-stage$3.2M · 2019smaller follow-on
Bridge · Series B-stage$7.6M · 2020smaller follow-on
Series B extension$7.6M · 2020
Series B extension$882K · 2020
Series B extension$1.0M · 2020
Series B extension$1.2M · 2020
Series B extension$2.9M · 2021
Series B extension$11.4M · 2021
Bridge · Series B-stage$1.9M · 2022smaller follow-on
Bridge · Series B-stage$1.9M · 2022smaller follow-on
Series B extension$21.8M · 2022
Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.
Modeled valuation trajectory
$405.2M
Base estimate est.
$43.5M
Conservative case
$1.1B
Upside case
$121.0M
Modeled post-money
Round size and date are reported; the stage label is inferred from round size (latest is Series B — a $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
36% low · 66% high
1.54×/yr
Annual markup
1.86×/yr upside case
4.2 yr
Elapsed time used
4.2 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$12.4M/yr
Capital velocity
17.0 yr
On record since
2009
First round
31
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)▲ 22× above median
This company$158.1M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage)▲ 1.2× above median
This company$21.8M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages)▲ 6.3× above median
This company$405.2M
Sector median$64.2M
Raised more than 95% of sector peers (real $). Modeled value above 81% 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 valueest. (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 #26 of 197.
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.
Stage
Amount · real
Announced
Post-money · est
Value · est
Conf.
Pre-Seed
$455K
2009-07-01
$2.5M
$25.1M
85%
Pre-Seed
$250K
2009-11-03
$1.4M
$13.8M
85%
Seed
$2.0M
2010-07-01
$10.0M
$88.8M
85%
Seed
$3.0M
2011-12-07
$15.0M
$133.0M
85%
Seed
$576K
2012-07-27
$2.9M
$25.6M
85%
Series A
$7.8M
2012-10-01
$35.4M
$281.6M
85%
Series A
$5.9M
2012-10-01
$26.9M
$213.6M
85%
Series A
$5.7M
2012-10-01
$25.9M
$206.1M
85%
Series A
$14.5M
2013-09-25
$65.9M
$524.2M
85%
Seed
$3.2M
2013-09-25
$16.0M
$142.4M
85%
Series A
$3.3M
2015-04-30
$14.9M
$118.6M
85%
Series B
$33.3M
2015-06-30
$184.8M
$1.3B
85%
Seed
$2.0M
2015-06-30
$9.9M
$87.6M
85%
Series B
$2.7M
2015-09-21
$15.0M
$106.9M
85%
Series B
$4.3M
2016-04-26
$23.9M
$170.7M
85%
Series B
$1.1M
2017-05-31
$6.4M
$45.6M
90%
Series B
$17.6M
2017-11-02
$98.0M
$700.3M
90%
Seed
$1.2M
2017-11-02
$6.0M
$53.3M
90%
Series B
$13.2M
2018-08-28
$73.3M
$523.9M
90%
Series B
$7.8M
2019-03-20
$43.3M
$309.1M
90%
Seed
$3.2M
2019-03-20
$16.2M
$144.1M
90%
Series A
$7.6M
2020-01-31
$34.4M
$273.7M
90%
Series B
$7.6M
2020-01-31
$42.1M
$300.4M
90%
Series B
$882K
2020-03-13
$4.9M
$35.0M
90%
Series B
$1.0M
2020-11-07
$5.6M
$34.1M
90%
Series B
$1.2M
2020-12-16
$6.5M
$38.3M
90%
Series B
$2.9M
2021-08-31
$16.0M
$69.1M
90%
Series B
$11.4M
2021-11-17
$63.1M
$249.5M
90%
Seed
$1.9M
2022-04-07
$9.4M
$31.6M
90%
Seed
$1.9M
2022-04-07
$9.4M
$31.6M
90%
Series B
$21.8M
2022-04-07
$121.0M
$405.2M
90%
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.
Pre-Seed$455K2009-07-01
First recorded raise — entered as Pre-Seed.
13 investors on this round.
Pre-Seed$250K2009-11-03
Came back fast: 4 mo vs the ~14 mo sector norm.
Round 1.8× smaller than the prior — bridge or down round.
1 investor on this round.
Seed$2.0M2010-07-01
Came back fast: 8 mo vs the ~14 mo sector norm.
Round 8.0× larger than the prior — scaling up.
Seed$3.0M2011-12-07
Raised 17 mo later, in step with the ~14 mo sector norm.
Round 1.5× larger than the prior — scaling up.
86 investors on this round.
Seed$576K2012-07-27
Came back fast: 8 mo vs the ~14 mo sector norm.
Round 5.2× smaller than the prior — bridge or down round.
2 investors on this round.
Series A$7.8M2012-10-01
Came back fast: 2 mo vs the ~14 mo sector norm.
Round 13.5× larger than the prior — scaling up.
34 investors on this round.
Series A$5.9M2012-10-01
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 1.3× smaller than the prior — bridge or down round.
15 investors on this round.
Series A$5.7M2012-10-01
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round roughly the size of the prior one.
14 investors on this round.
Series A$14.5M2013-09-25
Raised 12 mo later, in step with the ~14 mo sector norm.
Round 2.5× larger than the prior — scaling up.
Switched to Rule 506(b) (was Rule 06).
170 investors on this round.
Seed$3.2M2013-09-25
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 4.5× smaller than the prior — bridge or down round.
56 investors on this round.
Series A$3.3M2015-04-30
Raised 19 mo later, in step with the ~14 mo sector norm.
Round roughly the size of the prior one.
54 investors on this round.
Series B$33.3M2015-06-30
Came back fast: 2 mo vs the ~14 mo sector norm.
Round 10.1× larger than the prior — scaling up.
261 investors on this round.
Seed$2.0M2015-06-30
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 16.9× smaller than the prior — bridge or down round.
30 investors on this round.
Series B$2.7M2015-09-21
Came back fast: 3 mo vs the ~14 mo sector norm.
Round 1.4× larger than the prior — scaling up.
67 investors on this round.
Series B$4.3M2016-04-26
Came back fast: 7 mo vs the ~14 mo sector norm.
Round 1.6× larger than the prior — scaling up.
41 investors on this round.
Series B$1.1M2017-05-31
Raised 13 mo later, in step with the ~14 mo sector norm.
Round 3.7× smaller than the prior — bridge or down round.
2 investors on this round.
Series B$17.6M2017-11-02
Came back fast: 5 mo vs the ~14 mo sector norm.
Round 15.3× larger than the prior — scaling up.
200 investors on this round.
Seed$1.2M2017-11-02
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 14.7× smaller than the prior — bridge or down round.
20 investors on this round.
Series B$13.2M2018-08-28
Raised 10 mo later, in step with the ~14 mo sector norm.
Round 11.0× larger than the prior — scaling up.
119 investors on this round.
Series B$7.8M2019-03-20
Came back fast: 7 mo vs the ~14 mo sector norm.
Round 1.7× smaller than the prior — bridge or down round.
61 investors on this round.
Seed$3.2M2019-03-20
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 2.4× smaller than the prior — bridge or down round.
53 investors on this round.
Series A$7.6M2020-01-31
Raised 10 mo later, in step with the ~14 mo sector norm.
Round 2.3× larger than the prior — scaling up.
3 investors on this round.
Series B$7.6M2020-01-31
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round roughly the size of the prior one.
3 investors on this round.
Series B$882K2020-03-13
Came back fast: 1 mo vs the ~14 mo sector norm.
Round 8.6× smaller than the prior — bridge or down round.
1 investor on this round.
Series B$1.0M2020-11-07
Came back fast: 8 mo vs the ~14 mo sector norm.
Round roughly the size of the prior one.
1 investor on this round.
Series B$1.2M2020-12-16
Came back fast: 1 mo vs the ~14 mo sector norm.
Round roughly the size of the prior one.
Series B$2.9M2021-08-31
Raised 8 mo later, in step with the ~14 mo sector norm.
Round 2.4× larger than the prior — scaling up.
6 investors on this round.
Series B$11.4M2021-11-17
Came back fast: 3 mo vs the ~14 mo sector norm.
Round 4.0× larger than the prior — scaling up.
118 investors on this round.
Seed$1.9M2022-04-07
Came back fast: 5 mo vs the ~14 mo sector norm.
Round 6.0× smaller than the prior — bridge or down round.
21 investors on this round.
Seed$1.9M2022-04-07
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round roughly the size of the prior one.
Switched to Rule 506(c) (was Rule 506(b)).
21 investors on this round.
Series B$21.8M2022-04-07
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 11.5× larger than the prior — scaling up.
166 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~5mo cadence
$65.3M
Modeled next size est.range $42.5M–$104.5M
11.5×
Last step-up
$12.4M/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.
CytoDyn 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
1175680
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.
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.
CytoDyn Inc. has raised approximately $158.1M in disclosed capital across 21 recorded financing rounds, aggregated from public filings.
What is CytoDyn Inc.'s estimated valuation?
Provath's modeled valuation for CytoDyn Inc. is approximately $405.2M (modeled range $43.5M–$1.1B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is CytoDyn Inc. at?
CytoDyn Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Apr 07.
What does CytoDyn Inc. do and where is it based?
CytoDyn Inc. operates in the Biotechnology sector, based in Vancouver.
Explore related
See where CytoDyn Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
If you work at CytoDyn Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.