Diligence memo · auto-generated · as of July 2, 2026
Incyclix Bio, LLC
Incyclix Bio, LLC looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
Incyclix Bio, LLC operates in Pharmaceuticals, based in Durham.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Incyclix Bio, LLC has raised $26M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $15M on 2022-02-22.
Most recent recorded round closed around 2025-08-06.
Valuation (modeled)modeled
Provath models Incyclix Bio, LLC at approximately $35M (range $13M–$59M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.20× the median modeled value of Series A Pharmaceuticals companies in 2025–2027 (37 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 21 months.
Last raise 11 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 1.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 70% of Pharmaceuticals peers (1613 compared).
Modeled value ranks above 36% of those peers.
Closest niche peers: Incannex Healthcare Inc., Retension Pharmaceuticals, Inc., Eikonoklastes Therapeutics, Inc., Phoenicis Therapeutics, Inc., Pharmaceutical Resource Technology, Inc..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.