Companies · Biotechnology

Elucid Bioimaging Inc.

BOSTON · Biotechnology

Diligence memoA one-page analyst read on Elucid Bioimaging Inc. — recommendation, valuation, rhythm, risks.
$115.8M
Total raised · real
3
Rounds
0.5×
Latest step-up
Top 9%
Sector rank · raised
Series C
Latest stage · inferred · Fri Oct 10 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Elucid Bioimaging Inc. looks fair against its niche peers and is active 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.

Fair
  • Modeled value is 1.04× the median modeled value of Series C Biotechnology companies in 2025–2027 (58 peers) — value vs value, same stage and era.
  • Within the normal band (104% of peer median) for its niche.
Active
  • Last raise 9 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Elucid Bioimaging Inc. is one of 4291 Biotechnology companies tracked from BOSTON. By capital raised it ranks among the largest (ahead of 92% 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
9
Investors (latest)
2025-10-10
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$1.0BPre-Seed · 2013-07-01 Raised $375K (real) Modeled valuation $21M (est)$375K$21MPre-Seed2013Series C · 2023-10-20 Raised $79M (real) Modeled valuation $918M (est)$79M$918MSeries C2023Series C · 2025-10-10 Raised $36M (real) Modeled valuation $200M (est)$36M$200MSeries C2025+$79M+$36MCumulative $116M

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$375K · 2013
Series C$79.0M · 2023no Seed / Series A / Series B on file
Series C extension$36.5M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$200.0M
Base estimate est.
$112.9M
Conservative case
$254.9M
Upside case
$243.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $20.7M · 2013-07-012013Series C · modeled $918.1M · 2023-10-20Series C · modeled $200.0M · 2025-10-102025
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
62%
Survival probability
46% low · 72% high
1.46×/yr
Annual markup
1.68×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
74 mo
Avg between rounds
$9.4M/yr
Capital velocity
13.0 yr
On record since
2013
First round
3
Rounds on file
How it compares to the market

Benchmarked against 4291 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) 16× above median
This company$115.8M
Sector median$7.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.8× of median
This company$36.5M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 3.1× above median
This company$200.0M
Sector median$64.2M

Raised more than 92% of sector peers (real $). Modeled value above 72% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #28 of 58.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Newleos Therapeutics, Inc. · Series C Raised $93.4M · modeled $659.2M (est)Biolinq Inc · Series C Raised $247.4M · modeled $618.5M (est)Atsena Therapeutics, Inc. · Series C Raised $146.0M · modeled $605.7M (est)Galvanize Therapeutics, Inc. · Series C Raised $150.7M · modeled $581.7M (est)X4 Pharmaceuticals, Inc · Series C Raised $320.3M · modeled $494.8M (est)Endless Corp · Series C Raised $79.0M · modeled $493.8M (est)Ikena Oncology, Inc. · Series C Raised $117.6M · modeled $448.6M (est)Imbria Pharmaceuticals, Inc. · Series C Raised $140.2M · modeled $405.5M (est)Bambusa Therapeutics, Inc. · Series C Raised $67.4M · modeled $375.0M (est)Plexium, Inc. · Series C Raised $60.1M · modeled $361.1M (est)Latigo Biotherapeutics, Inc. · Series C Raised $50.0M · modeled $357.5M (est)Neuros Medical, Inc. · Series C Raised $160.0M · modeled $338.1M (est)Elucid Bioimaging Inc. (this company) Raised $115.8M · modeled $200.0M (est)Elucid Bioimaging Inc.
CompanyStageRaised · realValue · estvs peer med.
Newleos Therapeutics, Inc.Series C$93.4M$659.2M3.43×
Biolinq IncSeries C$247.4M$618.5M3.22×
Atsena Therapeutics, Inc.Series C$146.0M$605.7M3.15×
Galvanize Therapeutics, Inc.Series C$150.7M$581.7M3.03×
X4 Pharmaceuticals, IncSeries C$320.3M$494.8M2.57×
Endless CorpSeries C$79.0M$493.8M2.57×
Ikena Oncology, Inc.Series C$117.6M$448.6M2.33×
Imbria Pharmaceuticals, Inc.Series C$140.2M$405.5M2.11×
Bambusa Therapeutics, Inc.Series C$67.4M$375.0M1.95×
Plexium, Inc.Series C$60.1M$361.1M1.88×
Latigo Biotherapeutics, Inc.Series C$50.0M$357.5M1.86×
Neuros Medical, Inc.Series C$160.0M$338.1M1.76×
Elucid Bioimaging Inc. this companySeries C$115.8M$200.0M1.04×
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$375K2013-07-01$2.1M$20.7M85%
Series C$79.0M2023-10-20$526.3M$918.1M90%
Series C$36.5M2025-10-10$243.3M$200.0M90%
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$375K2013-07-01
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Series C$79.0M2023-10-20
    • Raised again after 124 mo — slower than the ~14 mo sector norm.
    • Round 210.5× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 505).
    • 13 investors on this round.
  3. Series C$36.5M2025-10-10
    • Raised again after 24 mo — slower than the ~14 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 9 investors on this round.
Intelligence
2031 ~Q4
Modeled next raise · ~74mo cadence
$36.5M
Modeled next size est.range $36.5M$58.4M
0.5×
Last step-up
$9.4M/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
Scott Huennekens6 other2023-10
Evan Melrose3 other2023-10
Richard Kuntz3 other2025-10
Blake Richards1 other2023-10
Andrew J. Buckler2013-07
Kelly Huang2025-10
Michael Lesh2023-10
Rajesh Panda2025-10
Robert Braun2023-10
Shamiram Feinglass2025-10
Registry & provenance

Elucid Bioimaging 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
1585931
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.

CompanySectorStageRaised · realValue · estWhy similar
Uptake Medical CorpBiotechnologySeries C$113.2M$98.2Mnetwork1 shared operator · same sector · same stage
Relation Therapeutics Inc.BiotechnologySeries C$116.4M$189.7Msame sector · same stage
Svelte Medical Systems IncBiotechnologySeries C$113.1M$163.7Msame sector · same stage
Voyager Therapeutics, Inc.BiotechnologySeries C$119.0M$215.1Msame sector · same stage
Hycor Holdings Inc.BiotechnologySeries C$109.6M$210.6Msame sector · same stage
Adela, Inc.BiotechnologySeries C$108.5M$156.1Msame sector · same stage
Volastra Therapeutics, Inc.BiotechnologySeries C$105.3M$170.5Msame sector · same stage
Mediar Therapeutics, Inc.BiotechnologySeries C$127.9M$194.6Msame 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
Elucida Oncology, Inc.BiotechnologySeries B$255.3M86%
Elevai Labs Inc.BiotechnologySeed$1.9M86%
Emit Imaging, Inc.BiotechnologySeries A$33.5M85%
eLum Technologies, Inc.BiotechnologySeries A$71.5M85%
Eleusis Holdings LtdBiotechnologyPre-Seed$9.3M84%
Threat Assessment Imaging, Inc.BiotechnologyPre-Seed$8.3M84%
ImmuneID, Inc.BiotechnologySeries B$548.3M84%
NERx Biosciences, Inc.BiotechnologyPre-Seed$4.8M84%
Frequently asked
How much funding has Elucid Bioimaging Inc. raised?
Elucid Bioimaging Inc. has raised approximately $115.8M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Elucid Bioimaging Inc.'s estimated valuation?
Provath's modeled valuation for Elucid Bioimaging Inc. is approximately $200.0M (modeled range $112.9M–$254.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Elucid Bioimaging Inc. at?
Elucid Bioimaging Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Oct 10.
What does Elucid Bioimaging Inc. do and where is it based?
Elucid Bioimaging Inc. operates in the Biotechnology sector, based in BOSTON.
Explore related

See where Elucid Bioimaging 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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