Companies · Pharmaceuticals

Ionetix Corp

Lansing · Pharmaceuticals

Diligence memoA one-page analyst read on Ionetix Corp — recommendation, valuation, rhythm, risks.
$76.5M
Total raised · real
3
Rounds
0.4×
Latest step-up
Top 13%
Sector rank · raised
Series B
Latest stage · inferred · Fri Aug 09 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Ionetix Corp looks fair against its niche peers and is quiet 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.

Fair
  • Modeled value is 0.80× the median modeled value of Series B Pharmaceuticals companies in 2022–2024 (51 peers) — value vs value, same stage and era.
  • Within the normal band (80% of peer median) for its niche.
Quiet
  • Last raise 23 mo ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector cadence.
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

Ionetix Corp is one of 1610 Pharmaceuticals companies tracked from Lansing. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and mid-pack 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
2024-08-09
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$500M$1.0B$1.5B$2.0BSeries B · 2016-04-15 Raised $24M (real) Modeled valuation $809M (est)$24M$809MSeries B2016Series A · 2016-04-15 Raised $11M (real) Modeled valuation $355M (est)$11M$355MSeries A2016Series B · 2018-12-14 Raised $27M (real) Modeled valuation $912M (est)$27M$912MSeries B2018Series B · 2018-12-14 Raised $37M (real) Modeled valuation $1.3B (est)$37M$1.3BSeries B2018Series B · 2024-08-09 Raised $15M (real) Modeled valuation $103M (est)$15M$103MSeries B2024+$11M+$27M+$37M+$15MCumulative $115M

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
Series B$23.8M · 2016
Bridge · Series B-stage$11.5M · 2016smaller follow-on
Series B extension$26.8M · 2018
Series B extension$37.3M · 2018
Series B extension$15.4M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$103.4M
Base estimate est.
$32.4M
Conservative case
$181.3M
Upside case
$85.7M
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.

Series B · modeled $809.1M · 2016-04-152016Series A · modeled $355.2M · 2016-04-15Series B · modeled $912.3M · 2018-12-14Series B · modeled $1.3B · 2018-12-14Series B · modeled $103.4M · 2024-08-092024
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
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
25 mo
Avg between rounds
$9.2M/yr
Capital velocity
10.2 yr
On record since
2016
First round
5
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) 9.4× above median
This company$76.5M
Sector median$8.1M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.9× of median
This company$15.4M
Sector median$18.0M
Modeled value — vs sector median (estimate, all stages) 1.4× above median
This company$103.4M
Sector median$76.1M

Raised more than 88% of sector peers (real $). Modeled value above 55% 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 #30 of 51.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)MedAvail Holdings, Inc. · Series B Raised $52.9M · modeled $678.6M (est)Revalesio Corp · Series B Raised $103.4M · modeled $624.1M (est)Kinaset Therapeutics, Inc. · Series B Raised $30.0M · modeled $437.7M (est)Venatorx Pharmaceuticals, Inc. · Series B Raised $124.3M · modeled $420.5M (est)Cxl Ophthalmics, Inc. · Series B Raised $26.4M · modeled $369.7M (est)Delex Healthcare Group, Inc. · Series B Raised $40.0M · modeled $340.8M (est)Comanche Biopharma Corp. · Series B Raised $73.6M · modeled $325.6M (est)Petros Pharmaceuticals, Inc. · Series B Raised $41.7M · modeled $307.7M (est)I 3 Pharmaceuticals, LLC · Series B Raised $16.0M · modeled $262.2M (est)Relay Therapeutics, Inc. · Series B Raised $30.0M · modeled $253.0M (est)Capacity Bio, Inc. · Series B Raised $19.2M · modeled $245.7M (est)MediWound Ltd. · Series B Raised $30.5M · modeled $243.1M (est)Ionetix Corp (this company) Raised $76.5M · modeled $103.4M (est)Ionetix Corp
CompanyStageRaised · realValue · estvs peer med.
MedAvail Holdings, Inc.Series B$52.9M$678.6M5.23×
Revalesio CorpSeries B$103.4M$624.1M4.81×
Kinaset Therapeutics, Inc.Series B$30.0M$437.7M3.37×
Venatorx Pharmaceuticals, Inc.Series B$124.3M$420.5M3.24×
Cxl Ophthalmics, Inc.Series B$26.4M$369.7M2.85×
Delex Healthcare Group, Inc.Series B$40.0M$340.8M2.63×
Comanche Biopharma Corp.Series B$73.6M$325.6M2.51×
Petros Pharmaceuticals, Inc.Series B$41.7M$307.7M2.37×
I 3 Pharmaceuticals, LLCSeries B$16.0M$262.2M2.02×
Relay Therapeutics, Inc.Series B$30.0M$253.0M1.95×
Capacity Bio, Inc.Series B$19.2M$245.7M1.89×
MediWound Ltd.Series B$30.5M$243.1M1.87×
Ionetix Corp this companySeries B$76.5M$103.4M0.80×
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.
Series B$23.8M2016-04-15$132.2M$809.1M90%
Series A$11.5M2016-04-15$52.1M$355.2M85%
Series B$26.8M2018-12-14$149.1M$912.3M90%
Series B$37.3M2018-12-14$207.2M$1.3B90%
Series B$15.4M2024-08-09$85.7M$103.4M90%
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. Series B$23.8M2016-04-15
    • First recorded raise — entered as Series B.
    • 46 investors on this round.
  2. Series A$11.5M2016-04-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 30 investors on this round.
  3. Series B$26.8M2018-12-14
    • Raised again after 32 mo — slower than the ~13 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 22 investors on this round.
  4. Series B$37.3M2018-12-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 24 investors on this round.
  5. Series B$15.4M2024-08-09
    • Raised again after 68 mo — slower than the ~13 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
Intelligence
2026 ~Q3
Modeled next raise · ~25mo cadence
$15.4M
Modeled next size est.range $15.4M$24.7M
0.4×
Last step-up
$9.2M/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
David Martin12 other2018-12
Gregory Martin3 other2018-12
Kevin Cameron2 other2018-12
David J. Martin1 other2016-04
Nancy Hargreaves1 other2018-12
Anthony Stagnolia2024-08
Carrie Busch2018-12
CARRIE J. BUSCH2016-04
David Eve2024-08
Douglas Boothe2024-08
GREGORY J. MARTIN2016-04
GREGORY J. TAXIN2016-04
Gregory Taxin2018-12
KEVIN J. CAMERON2016-04
MICHAEL J. TARNOCK2016-04
Michael Tarnock2018-12
Michael Tarnok2024-08
Phun Phieu2024-08
Registry & provenance

Ionetix 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
1672953
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
Nocion Therapeutics, Inc.PharmaceuticalsSeries B$76.1M$90.4Msame sector · same stage
Windgap Medical, Inc.PharmaceuticalsSeries B$77.0M$114.4Msame sector · same stage
Immuneering CorpPharmaceuticalsSeries B$82.2M$110.8Msame sector · same stage
AlphaTON Capital CorpPharmaceuticalsSeries B$70.7M$158.8Msame sector · same stage
Igenica IncPharmaceuticalsSeries B$70.0M$76.5Msame sector · same stage
Sprout2 Inc.PharmaceuticalsSeries B$66.0M$62.0Msame sector · same stage
STAQ Pharma, Inc.PharmaceuticalsSeries B$64.9M$74.3Msame sector · same stage
BioQ Pharma IncPharmaceuticalsSeries B$91.1M$157.7Msame 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
Havix Group, IncPharmaceuticalsSeed$22.8M83%
Vapogenix, Inc.PharmaceuticalsSeries A$50.6M82%
Vogenx, Inc.PharmaceuticalsPre-Seed$1.5M82%
VasoRx, Inc.PharmaceuticalsSeed$117.9M82%
Acendrx, Inc.PharmaceuticalsSeed$95.1M82%
Renovion, Inc.PharmaceuticalsSeries B$191.9M82%
Soligenix, Inc.PharmaceuticalsSeries A$60.8M81%
Tonix Pharmaceuticals Holding Corp.PharmaceuticalsSeries A$9.7M81%
Frequently asked
How much funding has Ionetix Corp raised?
Ionetix Corp has raised approximately $76.5M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Ionetix Corp's estimated valuation?
Provath's modeled valuation for Ionetix Corp is approximately $103.4M (modeled range $32.4M–$181.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ionetix Corp at?
Ionetix Corp's latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Aug 09.
What does Ionetix Corp do and where is it based?
Ionetix Corp operates in the Pharmaceuticals sector, based in Lansing.
Explore related

See where Ionetix Corp sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Ionetix Corp, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.