Companies · Biotechnology

Elcelyx Therapeutics, Inc.

SAN DIEGO · Biotechnology

Diligence memoA one-page analyst read on Elcelyx Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$73.4M
Total raised · real
6
Rounds
0.0×
Latest step-up
Top 14%
Sector rank · raised
Series B
Latest stage · inferred · Wed Oct 24 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Elcelyx Therapeutics, 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 0.02× the median modeled value of Series B Biotechnology companies in 2016–2018 (101 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.7 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

Elcelyx Therapeutics, Inc. is one of 4293 Biotechnology companies tracked from SAN DIEGO. By capital raised it ranks in the upper tier (ahead of 87% 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
2
Investors (latest)
2018-10-24
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$250M$500M$750M$1.0BSeed · 2010-03-02 Raised $1.2M (real) Modeled valuation $53M (est)Seed2010Series A · 2011-01-11 Raised $6.1M (real) Modeled valuation $219M (est)Series A2011Series B · 2011-01-11 Raised $21M (real) Modeled valuation $838M (est)Series B2011Series B · 2011-01-11 Raised $18M (real) Modeled valuation $719M (est)Series B2011Series A · 2011-01-11 Raised $14M (real) Modeled valuation $511M (est)Series A2011Series B · 2013-02-13 Raised $25M (real) Modeled valuation $981M (est)Series B2013Series A · 2013-02-13 Raised $12M (real) Modeled valuation $434M (est)Series A2013Series B · 2015-02-04 Raised $5.8M (real) Modeled valuation $231M (est)Series B2015Series B · 2015-09-25 Raised $20M (real) Modeled valuation $797M (est)Series B2015Series B · 2018-10-24 Raised $476K (real) Modeled valuation $19M (est)Series B2018+$6.1M+$21M+$18M+$14M+$25M+$12M+$5.8M+$20M+$476KCumulative $124M

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$1.2M · 2010
Series A$6.1M · 2011
Series B$21.1M · 2011
Series B extension$18.1M · 2011
Bridge · Series B-stage$14.1M · 2011smaller follow-on
Series B extension$24.7M · 2013
Bridge · Series B-stage$12.0M · 2013smaller follow-on
Series B extension$5.8M · 2015
Series B extension$20.1M · 2015
Series B extension$476K · 2018

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: 75%.

Modeled valuation trajectory
$18.9M
Base estimate est.
$953K
Conservative case
$72.8M
Upside case
$2.6M
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 scaled by the biotech sector profile. Directional, not a quoted figure.

Seed · modeled $53.3M · 2010-03-022010Series A · modeled $218.7M · 2011-01-11Series B · modeled $838.4M · 2011-01-11Series B · modeled $719.4M · 2011-01-11Series A · modeled $510.6M · 2011-01-11Series B · modeled $981.1M · 2013-02-13Series A · modeled $433.8M · 2013-02-13Series B · modeled $231.1M · 2015-02-04Series B · modeled $797.5M · 2015-09-25Series B · modeled $18.9M · 2018-10-242018
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
6.0 yr
Elapsed time used
7.7 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$8.5M/yr
Capital velocity
16.3 yr
On record since
2010
First round
10
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) 10× above median
This company$73.4M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.0× of median
This company$476K
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$18.9M
Sector median$64.2M

Raised more than 87% of sector peers (real $). Modeled value above 27% 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 #99 of 101.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Liquid BioScience, Inc. · Series B Raised $40.0M · modeled $1.6B (est)Amphivena Therapeutics, Inc. · Series B Raised $65.2M · modeled $1.5B (est)Tracon Pharmaceuticals, Inc. · Series B Raised $57.7M · modeled $1.5B (est)Tetra Discovery Partners, Inc. · Series B Raised $40.5M · modeled $1.4B (est)ECM Therapeutics, Inc. · Series B Raised $35.2M · modeled $1.4B (est)Recombinetics, Inc · Series B Raised $54.7M · modeled $1.3B (est)Mersana Therapeutics Inc · Series B Raised $93.7M · modeled $1.3B (est)Atox Bio Inc. · Series B Raised $35.1M · modeled $1.3B (est)Valeritas Holdings Inc. · Series B Raised $58.2M · modeled $1.3B (est)Obsidian Therapeutics, Inc. · Series B Raised $32.4M · modeled $1.3B (est)Cellular Biomedicine Group, Inc. · Series B Raised $40.5M · modeled $1.2B (est)Altor Bioscience Corp · Series B Raised $80.1M · modeled $1.2B (est)Elcelyx Therapeutics, Inc. (this company) Raised $73.4M · modeled $18.9M (est)Elcelyx Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Liquid BioScience, Inc.Series B$40.0M$1.6B2.00×
Amphivena Therapeutics, Inc.Series B$65.2M$1.5B1.93×
Tracon Pharmaceuticals, Inc.Series B$57.7M$1.5B1.93×
Tetra Discovery Partners, Inc.Series B$40.5M$1.4B1.79×
ECM Therapeutics, Inc.Series B$35.2M$1.4B1.76×
Recombinetics, IncSeries B$54.7M$1.3B1.68×
Mersana Therapeutics IncSeries B$93.7M$1.3B1.65×
Atox Bio Inc.Series B$35.1M$1.3B1.65×
Valeritas Holdings Inc.Series B$58.2M$1.3B1.65×
Obsidian Therapeutics, Inc.Series B$32.4M$1.3B1.62×
Cellular Biomedicine Group, Inc.Series B$40.5M$1.2B1.53×
Altor Bioscience CorpSeries B$80.1M$1.2B1.52×
Elcelyx Therapeutics, Inc. this companySeries B$73.4M$18.9M0.02×
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$1.2M2010-03-02$6.0M$53.3M85%
Series A$6.1M2011-01-11$27.5M$218.7M85%
Series B$21.1M2011-01-11$117.4M$838.4M85%
Series B$18.1M2011-01-11$100.7M$719.4M85%
Series A$14.1M2011-01-11$64.2M$510.6M85%
Series B$24.7M2013-02-13$137.3M$981.1M85%
Series A$12.0M2013-02-13$54.5M$433.8M85%
Series B$5.8M2015-02-04$32.4M$231.1M85%
Series B$20.1M2015-09-25$111.6M$797.5M85%
Series B$476K2018-10-24$2.6M$18.9M90%
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$1.2M2010-03-02
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Series A$6.1M2011-01-11
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 5.0× larger than the prior — scaling up.
    • 4 investors on this round.
  3. Series B$21.1M2011-01-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.5× larger than the prior — scaling up.
    • 7 investors on this round.
  4. Series B$18.1M2011-01-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  5. Series A$14.1M2011-01-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  6. Series B$24.7M2013-02-13
    • Raised again after 25 mo — slower than the ~14 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 7 investors on this round.
  7. Series A$12.0M2013-02-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× smaller than the prior — bridge or down round.
    • Switched to Rule 06 (was Rule 506(b)).
    • 7 investors on this round.
  8. Series B$5.8M2015-02-04
    • Raised again after 24 mo — slower than the ~14 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 8 investors on this round.
  9. Series B$20.1M2015-09-25
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 13 investors on this round.
  10. Series B$476K2018-10-24
    • Raised again after 37 mo — slower than the ~14 mo sector norm.
    • Round 42.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2019 ~Q4
Modeled next raise · ~12mo cadence
$476K
Modeled next size est.range $476K$762K
0.0×
Last step-up
$8.5M/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
Bosun Hau5 other2018-10
Ralph E. Christoffersen5 other2010-03
Jim Glasheen2 other2018-10
RICHARD J. BARRY2 other2013-02
Alain Baron1 other2018-10
Brook J. Byers1 other2015-02
Brook R. Byers1 other2011-01
Richard Barry1 other2018-10
Theodore A. Laufik1 other2010-03
Alain D. Baron2010-03
Brook E. Byers2011-01
Christoffersen Ralph2018-10
Christopher R. G. Jones2010-03
Ginger E. Graham2015-02
Ginger Graham2018-10
Ginger R. Graham2011-01
Jay Sherwood2018-10
Jim E. Glasheen2015-02
Jim R. Glasheen2011-01
Liang R. Tsui2015-09
Liang Tsui2018-10
Mark Fineman2018-10
Mark R. Fineman2011-01
Mark R. Wiggins2011-01
Registry & provenance

Elcelyx Therapeutics, 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
1486988
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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Frequently asked
How much funding has Elcelyx Therapeutics, Inc. raised?
Elcelyx Therapeutics, Inc. has raised approximately $73.4M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Elcelyx Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Elcelyx Therapeutics, Inc. is approximately $18.9M (modeled range $953K–$72.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Elcelyx Therapeutics, Inc. at?
Elcelyx Therapeutics, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Oct 24.
What does Elcelyx Therapeutics, Inc. do and where is it based?
Elcelyx Therapeutics, Inc. operates in the Biotechnology sector, based in SAN DIEGO.
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