Diligence memo · auto-generated · as of July 2, 2026
First Wave BioPharma, Inc.
First Wave BioPharma, Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
First Wave BioPharma, Inc. operates in Biotechnology, based in ST. PETERSBURG.
Sub-sector tags: pharma.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
First Wave BioPharma, Inc. has raised $50M in disclosed capital across 14 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $22M on 2020-07-16.
Most recent recorded round closed around 2025-08-09.
Valuation (modeled)modeled
Provath models First Wave BioPharma, Inc. at approximately $13M (range $6.0M–$19M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.17× the median modeled value of Series B Biotechnology companies in 2025–2027 (94 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 11 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 2.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 82% of Biotechnology peers (4293 compared).
Modeled value ranks above 22% of those peers.
Closest niche peers: MarvelBiome, Inc., Iantrek, Inc., Dualitas Therapeutics, Inc., Antares Therapeutics, Inc., OrthoBio Therapeutics, Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.