Companies · Pharmaceuticals

Item 9 Labs Corp.

PHOENIX · Pharmaceuticals

Diligence memoA one-page analyst read on Item 9 Labs Corp. — recommendation, valuation, rhythm, risks.
$33.4M
Total raised · real
4
Rounds
0.2×
Latest step-up
Top 26%
Sector rank · raised
Series B
Latest stage · inferred · Fri Nov 13 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Item 9 Labs Corp. looks fair against its niche peers and is dormant 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 0.72× the median modeled value of Series B Pharmaceuticals companies in 2019–2021 (61 peers) — value vs value, same stage and era.
  • Within the normal band (72% of peer median) for its niche.
Dormant
  • Last raise 5.6 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal 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

Item 9 Labs Corp. is one of 1610 Pharmaceuticals companies tracked from PHOENIX. By capital raised it ranks in the upper tier (ahead of 75% of sector peers), and in the upper tier 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
$5M–$25M
Issuer revenue
Rule 506(b)
Reg D exemption
21
Investors (latest)
2020-11-13
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 · 2015-09-15 Raised $185K (real) Modeled valuation $8.8M (est)$185K$8.8MPre-Seed2015Pre-Seed · 2015-09-15 Raised $185K (real) Modeled valuation $8.8M (est)$185K$8.8MPre-Seed2015Seed · 2018-03-20 Raised $1.1M (real) Modeled valuation $41M (est)$1.1M$41MSeed2018Series B · 2018-07-01 Raised $20M (real) Modeled valuation $680M (est)$20M$680MSeries B2018Series B · 2020-11-13 Raised $12M (real) Modeled valuation $356M (est)$12M$356MSeries B2020Seed · 2020-11-13 Raised $2.5M (real) Modeled valuation $79M (est)$2.5M$79MSeed2020+$185K+$1.1M+$20M+$12M+$2.5MCumulative $36M

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$185K · 2015
Pre-Seed extension$185K · 2015
Seed$1.1M · 2018
Series B$20.0M · 2018no Series A on file
Series B extension$12.1M · 2020
Bridge · Series B-stage$2.5M · 2020smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Series A — 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
$356.0M
Base estimate est.
$25.5M
Conservative case
$1.3B
Upside case
$67.4M
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 $8.8M · 2015-09-152015Pre-Seed · modeled $8.8M · 2015-09-15Seed · modeled $41.5M · 2018-03-20Series B · modeled $680.1M · 2018-07-01Series B · modeled $356.0M · 2020-11-13Seed · modeled $78.9M · 2020-11-132020
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
5.6 yr
Elapsed time used
5.6 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$6.5M/yr
Capital velocity
10.8 yr
On record since
2015
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) 4.1× above median
This company$33.4M
Sector median$8.1M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$2.5M
Sector median$18.0M
Modeled value — vs sector median (estimate, all stages) 4.7× above median
This company$356.0M
Sector median$76.1M

Raised more than 75% of sector peers (real $). Modeled value above 77% 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 #37 of 61.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Evolus, Inc. · Series B Raised $40.5M · modeled $1.4B (est)HOOKIPA Pharma Inc. · Series B Raised $37.4M · modeled $1.3B (est)ESSA Pharma Inc. · Series B Raised $56.0M · modeled $1.2B (est)Pieris Pharmaceuticals, Inc. · Series B Raised $102.1M · modeled $1.1B (est)Amylyx Pharmaceuticals, Inc. · Series B Raised $65.1M · modeled $1.0B (est)PassPort Technologies, Inc. · Series B Raised $30.0M · modeled $1.0B (est)Savara Inc · Series B Raised $30.9M · modeled $910.6M (est)InCarda Therapeutics, Inc. · Series B Raised $66.3M · modeled $856.6M (est)Aceto Management, L.L.C. · Series B Raised $23.6M · modeled $803.2M (est)GPI Finco (Canada) Inc. · Series B Raised $22.9M · modeled $778.0M (est)Phosplatin Therapeutics LLC · Series B Raised $72.3M · modeled $722.0M (est)Lannett Co Inc · Series B Raised $28.0M · modeled $690.6M (est)Item 9 Labs Corp. (this company) Raised $33.4M · modeled $356.0M (est)Item 9 Labs Corp.
CompanyStageRaised · realValue · estvs peer med.
Evolus, Inc.Series B$40.5M$1.4B2.74×
HOOKIPA Pharma Inc.Series B$37.4M$1.3B2.58×
ESSA Pharma Inc.Series B$56.0M$1.2B2.48×
Pieris Pharmaceuticals, Inc.Series B$102.1M$1.1B2.20×
Amylyx Pharmaceuticals, Inc.Series B$65.1M$1.0B2.06×
PassPort Technologies, Inc.Series B$30.0M$1.0B2.06×
Savara IncSeries B$30.9M$910.6M1.84×
InCarda Therapeutics, Inc.Series B$66.3M$856.6M1.73×
Aceto Management, L.L.C.Series B$23.6M$803.2M1.63×
GPI Finco (Canada) Inc.Series B$22.9M$778.0M1.57×
Phosplatin Therapeutics LLCSeries B$72.3M$722.0M1.46×
Lannett Co IncSeries B$28.0M$690.6M1.40×
Item 9 Labs Corp. this companySeries B$33.4M$356.0M0.72×
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$185K2015-09-15$1.0M$8.8M85%
Pre-Seed$185K2015-09-15$1.0M$8.8M85%
Seed$1.1M2018-03-20$5.5M$41.5M90%
Series B$20.0M2018-07-01$111.1M$680.1M90%
Series B$12.1M2020-11-13$67.4M$356.0M90%
Seed$2.5M2020-11-13$12.6M$78.9M90%
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$185K2015-09-15
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Pre-Seed$185K2015-09-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  3. Seed$1.1M2018-03-20
    • Raised again after 30 mo — slower than the ~13 mo sector norm.
    • Round 5.9× larger than the prior — scaling up.
    • 53 investors on this round.
  4. Series B$20.0M2018-07-01
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 18.3× larger than the prior — scaling up.
  5. Series B$12.1M2020-11-13
    • Raised again after 28 mo — slower than the ~13 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 122 investors on this round.
  6. Seed$2.5M2020-11-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.8× smaller than the prior — bridge or down round.
    • 21 investors on this round.
Intelligence
2021 ~Q4
Modeled next raise · ~12mo cadence
$2.5M
Modeled next size est.range $2.5M$4.0M
0.2×
Last step-up
$6.5M/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
Ronald L. Miller, Jr.4 other2020-11
Ronald Miller3 other2018-03
JEFFREY RASSAS2 other2015-09
Andrew Bowden2018-07
Bryce L Skalla2020-11
Bryce Skalla2018-03
Christopher L Wolven2020-11
DANIEL J. COHEN2015-09
Douglas L Bowden2020-11
Jeffrey L Rassas2020-11
JESSICA SMITH2015-09
Michael L Keskey2020-11
Robert Mikkelsen2020-11
Robert Mikkelson2018-07
RONALD J. MILLER2015-09
Sara Gullickson2018-07
Registry & provenance

Item 9 Labs 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
1500123
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
Modern Round Entertainment CorpMedia & ContentSeries B$18.5M$1.5Mnetwork2 shared operators · same stage
Neumentum, Inc.PharmaceuticalsSeries B$32.5M$343.6Msame sector · same stage
Belhaven Biopharma Inc.PharmaceuticalsSeries B$32.3M$146.6Msame sector · same stage
Evergreen Theragnostics Inc.PharmaceuticalsSeries B$34.9M$199.0Msame sector · same stage
Potenza Therapeutics, Inc.PharmaceuticalsSeries B$35.0M$170.0Msame sector · same stage
Praxis Precision Medicines, Inc.PharmaceuticalsSeries B$31.9M$340.0Msame sector · same stage
Verismo Therapeutics, Inc.PharmaceuticalsSeries B$35.2M$197.7Msame sector · same stage
Cure Pharmaceutical Holding Corp.PharmaceuticalsSeries B$31.5M$342.9Msame 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
Response Pharmaceuticals, Inc.PharmaceuticalsSeries A$20.5M80%
Alto Labs LLCPharmaceuticalsPre-Seed$703K80%
Pharmula Laboratories Inc.PharmaceuticalsPre-Seed$4.7M79%
Nine Square Therapeutics CorpBiotechnologySeries A$151.8M78%
Bright Path Laboratories, Inc.PharmaceuticalsSeries A$150.0M78%
Viking Scientific, Inc.PharmaceuticalsPre-Seed$4.7M78%
PharmID, Inc.PharmaceuticalsSeries A$154.9M78%
Enumeral Biomedical Holdings, Inc.PharmaceuticalsSeries B$22.7M77%
Frequently asked
How much funding has Item 9 Labs Corp. raised?
Item 9 Labs Corp. has raised approximately $33.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Item 9 Labs Corp.'s estimated valuation?
Provath's modeled valuation for Item 9 Labs Corp. is approximately $356.0M (modeled range $25.5M–$1.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Item 9 Labs Corp. at?
Item 9 Labs Corp.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Nov 13.
What does Item 9 Labs Corp. do and where is it based?
Item 9 Labs Corp. operates in the Pharmaceuticals sector, based in PHOENIX.
Explore related

See where Item 9 Labs 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 Item 9 Labs 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.