Diligence memo · auto-generated · as of July 2, 2026
Igc Bio Inc.
Igc Bio Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Igc Bio Inc. operates in Biotechnology, based in BOSTON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Igc Bio Inc. has raised $4.7M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.5M on 2016-10-02.
Most recent recorded round closed around 2017-10-27.
Valuation (modeled)modeled
Provath models Igc Bio Inc. at approximately $98M (range $1.6M–$766M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.37× the median modeled value of Seed Biotechnology companies in 2016–2018 (175 peers) — value vs value, same stage and era. Within the normal band (137% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 4 months.
Last raise 8.7 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 42% of Biotechnology peers (4293 compared).
Modeled value ranks above 58% of those peers.
Closest niche peers: Mimedx Group, Inc., Kenjockety Biotechnology, LLC, Helocyte, Inc., CytoDel, INC., Finch Therapeutics, Inc..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.