Companies · Pharmaceuticals

EPALEX Corp

MOUNTAIN VIEW · Pharmaceuticals

Diligence memoA one-page analyst read on EPALEX Corp — recommendation, valuation, rhythm, risks.
$30.8M
Total raised · real
5
Rounds
0.3×
Latest step-up
Top 27%
Sector rank · raised
Series B
Latest stage · inferred · Fri Oct 31 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

EPALEX Corp looks under-valued 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 pharma 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 0.04× the median modeled value of Series B Pharmaceuticals companies in 2025–2027 (17 peers) — value vs value, same stage and era.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 13 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 Pharmaceuticals

EPALEX Corp is one of 1610 Pharmaceuticals companies tracked from MOUNTAIN VIEW. By capital raised it ranks in the upper tier (ahead of 74% 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
1
Investors (latest)
2025-10-31
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 · 2017-09-01 Raised $999K (real) Modeled valuation $47M (est)$999K$47MPre-Seed2017Series B · 2018-12-31 Raised $20M (real) Modeled valuation $690M (est)$20M$690MSeries B2018Series A · 2018-12-31 Raised $10.0M (real) Modeled valuation $310M (est)$10.0M$310MSeries A2018Series B · 2022-10-04 Raised $4.3M (real) Modeled valuation $59M (est)$4.3M$59MSeries B2022Series B · 2024-12-09 Raised $4.0M (real) Modeled valuation $23M (est)$4.0M$23MSeries B2024Series B · 2025-10-31 Raised $1.2M (real) Modeled valuation $5.0M (est)$1.2M$5.0MSeries B2025+$20M+$10.0M+$4.3M+$4.0M+$1.2MCumulative $41M

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$999K · 2017
Series B$20.3M · 2018no Seed / Series A on file
Bridge · Series B-stage$10.0M · 2018smaller follow-on
Series B extension$4.3M · 2022
Series B extension$4.0M · 2024
Series B extension$1.2M · 2025

Stages are modeled from round size (public records carry no series label). No record for: 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
$5.0M
Base estimate est.
$2.5M
Conservative case
$6.9M
Upside case
$6.7M
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 pharma sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $47.3M · 2017-09-012017Series B · modeled $690.1M · 2018-12-31Series A · modeled $309.7M · 2018-12-31Series B · modeled $59.3M · 2022-10-04Series B · modeled $23.5M · 2024-12-09Series B · modeled $5.0M · 2025-10-312025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
57%
Survival probability
38% low · 70% high
1.49×/yr
Annual markup
1.80×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$3.8M/yr
Capital velocity
8.8 yr
On record since
2017
First round
6
Rounds on file
How it compares to the market

Benchmarked against 1610 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) 3.8× above median
This company$30.8M
Sector median$8.1M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$1.2M
Sector median$18.0M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$5.0M
Sector median$76.1M

Raised more than 74% of sector peers (real $). Modeled value above 9% 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 #17 of 17.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Phlow Corp. · Series B Raised $82.8M · modeled $169.3M (est)AlphaTON Capital Corp · Series B Raised $70.7M · modeled $158.8M (est)Triton Therapeutics, Inc. · Series B Raised $36.4M · modeled $152.4M (est)Sensorium Therapeutics, Inc. · Series B Raised $60.5M · modeled $148.9M (est)Belhaven Biopharma Inc. · Series B Raised $32.3M · modeled $146.6M (est)AN2 Therapeutics, Inc. · Series B Raised $40.0M · modeled $143.4M (est)Renthera Corp · Series B Raised $25.0M · modeled $137.0M (est)VST BIO Corp · Series B Raised $28.9M · modeled $118.6M (est)Immuneering Corp · Series B Raised $82.2M · modeled $110.8M (est)Axial Biotherapeutics, Inc. · Series B Raised $109.8M · modeled $107.8M (est)Nocion Therapeutics, Inc. · Series B Raised $76.1M · modeled $90.4M (est)Paulex Bio Inc. · Series B Raised $18.5M · modeled $74.7M (est)EPALEX Corp (this company) Raised $30.8M · modeled $5.0M (est)EPALEX Corp
CompanyStageRaised · realValue · estvs peer med.
Phlow Corp.Series B$82.8M$169.3M1.53×
AlphaTON Capital CorpSeries B$70.7M$158.8M1.43×
Triton Therapeutics, Inc.Series B$36.4M$152.4M1.37×
Sensorium Therapeutics, Inc.Series B$60.5M$148.9M1.34×
Belhaven Biopharma Inc.Series B$32.3M$146.6M1.32×
AN2 Therapeutics, Inc.Series B$40.0M$143.4M1.29×
Renthera CorpSeries B$25.0M$137.0M1.24×
VST BIO CorpSeries B$28.9M$118.6M1.07×
Immuneering CorpSeries B$82.2M$110.8M1.00×
Axial Biotherapeutics, Inc.Series B$109.8M$107.8M0.97×
Nocion Therapeutics, Inc.Series B$76.1M$90.4M0.82×
Paulex Bio Inc.Series B$18.5M$74.7M0.67×
EPALEX Corp this companySeries B$30.8M$5.0M0.04×
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$999K2017-09-01$5.6M$47.3M90%
Series B$20.3M2018-12-31$112.8M$690.1M90%
Series A$10.0M2018-12-31$45.4M$309.7M90%
Series B$4.3M2022-10-04$23.7M$59.3M90%
Series B$4.0M2024-12-09$22.2M$23.5M90%
Series B$1.2M2025-10-31$6.7M$5.0M90%
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$999K2017-09-01
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
  2. Series B$20.3M2018-12-31
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 20.3× larger than the prior — scaling up.
    • 7 investors on this round.
  3. Series A$10.0M2018-12-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series B$4.3M2022-10-04
    • Raised again after 45 mo — slower than the ~13 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 15 investors on this round.
  5. Series B$4.0M2024-12-09
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  6. Series B$1.2M2025-10-31
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 3.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~20mo cadence
$1.2M
Modeled next size est.range $1.2M$1.9M
0.3×
Last step-up
$3.8M/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
Jon S. Saxe4 other2017-09
Jon Saxe3 other2025-10
Matthew J. Smith2 other2017-09
Enrique J Carrazana1 other2017-09
Randall Murphy1 other2022-10
Randall S. Murphy1 other2018-12
Arthur Franklin Rice2017-09
Brendan Magrab2018-12
Didric Cedarholm2025-10
Didric Cederholm2024-12
Matthew B Smith2018-12
Matthew S. Smith2018-12
Michael A Rogawski2018-12
Michael J Rogawski2017-09
Michael Rogawski2022-10
Michael S. Rogawski2018-12
Randall B Murphy2017-09
Steven F Lincoln2018-12
Registry & provenance

EPALEX 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
1755010
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
Lumos Pharma, Inc.PharmaceuticalsSeries B$53.5M$1.2Bnetwork1 shared operator · same sector · same stage
Variant Pharmaceuticals, Inc.PharmaceuticalsSeries B$33.1M$7.2Msame sector · same stage
Indaptus Therapeutics, Inc.PharmaceuticalsSeries B$35.0M$11.1Msame sector · same stage
Cancer Prevention Pharmaceuticals, Inc.PharmaceuticalsSeries A$18.0M$9.6Mnetwork1 shared operator · same sector
Armetheon, Inc.BiotechnologySeries B$31.4M$966.5Mnetwork1 shared operator · same stage
Humanigen, IncPharmaceuticalsSeries B$39.2M$16.8Msame sector · same stage
Rhoshan Pharmaceuticals, Inc.PharmaceuticalsSeries B$22.4M$16.2Msame sector · same stage
GABA Therapeutics, Inc.PharmaceuticalsSeries B$22.0M$4.7Msame 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
Acendrx, Inc.PharmaceuticalsSeed$95.1M84%
Trxade Group, Inc.PharmaceuticalsSeries C$10.4M83%
Esanex, Inc.PharmaceuticalsSeries B$87.9M83%
Evolus, Inc.PharmaceuticalsSeries B$1.4B83%
EnBiotix, Inc.PharmaceuticalsSeed$131.8M82%
Olfax, LlcPharmaceuticalsPre-Seed$524K82%
Endolytix Technology, Inc.PharmaceuticalsSeries A$25.0M82%
Chimerix IncPharmaceuticalsSeries C$1.2B82%
Frequently asked
How much funding has EPALEX Corp raised?
EPALEX Corp has raised approximately $30.8M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is EPALEX Corp's estimated valuation?
Provath's modeled valuation for EPALEX Corp is approximately $5.0M (modeled range $2.5M–$6.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is EPALEX Corp at?
EPALEX Corp's latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Oct 31.
What does EPALEX Corp do and where is it based?
EPALEX Corp operates in the Pharmaceuticals sector, based in MOUNTAIN VIEW.
Explore related

See where EPALEX 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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