Companies · Biotech

J3 Bioscience, Inc.

SALT LAKE CITY · Biotech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on J3 Bioscience, Inc. — recommendation, valuation, rhythm, risks.
$5.5M
Total raised · real
8
Rounds
1.6×
Latest step-up
Top 20%
Sector rank · raised
Seed
Latest stage · inferred · Thu Oct 26 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

J3 Bioscience, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the biotech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.56× the median modeled value of Seed Biotech companies in 2022–2024 (6 peers) — value vs value, same stage and era.
  • Issuer reports $0–$1M revenue while modeled below niche peers.
At-risk
  • Last raise 2.7 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 Biotech

J3 Bioscience, Inc. is one of 233 Biotech companies tracked from SALT LAKE CITY. By capital raised it ranks in the upper tier (ahead of 81% 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.

biotech

As reported in public records reported — not modeled.

US
Jurisdiction
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
16
Investors (latest)
2023-10-26
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$13M$25M$38M$50MPre-Seed · 2012-11-16 Raised $541K (real) Modeled valuation $30M (est)Pre-Seed2012Seed · 2013-12-31 Raised $1.1M (real) Modeled valuation $47M (est)Seed2013Pre-Seed · 2016-08-22 Raised $520K (real) Modeled valuation $29M (est)Pre-Seed2016Seed · 2016-08-22 Raised $937K (real) Modeled valuation $42M (est)Seed2016Pre-Seed · 2016-08-22 Raised $215K (real) Modeled valuation $12M (est)Pre-Seed2016Pre-Seed · 2018-03-03 Raised $350K (real) Modeled valuation $19M (est)Pre-Seed2018Seed · 2018-03-03 Raised $420K (real) Modeled valuation $19M (est)Seed2018Seed · 2020-07-21 Raised $605K (real) Modeled valuation $26M (est)Seed2020Seed · 2021-04-29 Raised $530K (real) Modeled valuation $15M (est)Seed2021Seed · 2022-03-02 Raised $317K (real) Modeled valuation $5.6M (est)Seed2022Pre-Seed · 2022-03-02 Raised $292K (real) Modeled valuation $5.7M (est)Pre-Seed2022Pre-Seed · 2023-10-26 Raised $645K (real) Modeled valuation $4.5M (est)Pre-Seed2023Seed · 2023-10-26 Raised $1.0M (real) Modeled valuation $7.4M (est)Seed2023Cumulative $7.5M

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$541K · 2012
Seed$1.1M · 2013
Bridge · Seed-stage$520K · 2016smaller follow-on
Seed extension$937K · 2016
Bridge · Seed-stage$215K · 2016smaller follow-on
Bridge · Seed-stage$350K · 2018smaller follow-on
Seed extension$420K · 2018
Seed extension$605K · 2020
Seed extension$530K · 2021
Seed extension$317K · 2022
Bridge · Seed-stage$292K · 2022smaller follow-on
Bridge · Seed-stage$645K · 2023smaller follow-on
Seed extension$1.0M · 2023

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$7.4M
Base estimate est.
$755K
Conservative case
$23.7M
Upside case
$5.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $29.8M · 2012-11-162012Seed · modeled $46.8M · 2013-12-31Pre-Seed · modeled $28.7M · 2016-08-22Seed · modeled $41.6M · 2016-08-22Pre-Seed · modeled $11.9M · 2016-08-22Pre-Seed · modeled $19.3M · 2018-03-03Seed · modeled $18.6M · 2018-03-03Seed · modeled $26.0M · 2020-07-21Seed · modeled $14.9M · 2021-04-29Seed · modeled $5.6M · 2022-03-02Pre-Seed · modeled $5.7M · 2022-03-02Pre-Seed · modeled $4.5M · 2023-10-26Seed · modeled $7.4M · 2023-10-262023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
32%
Survival probability
14% low · 50% high
1.74×/yr
Annual markup
2.28×/yr upside case
2.7 yr
Elapsed time used
2.7 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$498K/yr
Capital velocity
13.6 yr
On record since
2012
First round
13
Rounds on file
How it compares to the market

Benchmarked against 233 companies in Biotech. 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) 0.7× of median
This company$5.5M
Sector median$7.8M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.9× of median
This company$1.0M
Sector median$1.2M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$7.4M
Sector median$56.1M

Raised more than 81% of sector peers (real $). Modeled value above 73% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #5 of 6.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Yemaachi · Seed Raised $3.0M · modeled $51.0M (est)INVO Bioscience, Inc. · Seed Raised $7.8M · modeled $29.2M (est)General Genomics Inc. · Seed Raised $4.0M · modeled $14.1M (est)MET Biotechnology Inc. · Seed Raised $2.0M · modeled $12.3M (est)Psycheceutical Bioscience, Inc. · Seed Raised $7.3M · modeled $492K (est)J3 Bioscience, Inc. (this company) Raised $5.5M · modeled $7.4M (est)J3 Bioscience, Inc.
CompanyStageRaised · realValue · estvs peer med.
YemaachiSeed$3.0M$51.0M3.87×
INVO Bioscience, Inc.Seed$7.8M$29.2M2.21×
General Genomics Inc.Seed$4.0M$14.1M1.07×
MET Biotechnology Inc.Seed$2.0M$12.3M0.93×
J3 Bioscience, Inc. this companySeed$5.5M$7.4M0.56×
Psycheceutical Bioscience, Inc.Seed$7.3M$492K0.04×
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$541K2012-11-16$3.0M$29.8M85%
Seed$1.1M2013-12-31$5.3M$46.8M85%
Pre-Seed$520K2016-08-22$2.9M$28.7M90%
Seed$937K2016-08-22$4.7M$41.6M90%
Pre-Seed$215K2016-08-22$1.2M$11.9M90%
Pre-Seed$350K2018-03-03$1.9M$19.3M90%
Seed$420K2018-03-03$2.1M$18.6M90%
Seed$605K2020-07-21$3.0M$26.0M90%
Seed$530K2021-04-29$2.6M$14.9M90%
Seed$317K2022-03-02$1.6M$5.6M90%
Pre-Seed$292K2022-03-02$1.6M$5.7M90%
Pre-Seed$645K2023-10-26$3.6M$4.5M90%
Seed$1.0M2023-10-26$5.2M$7.4M90%
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. Pre-Seed$541K2012-11-16
    • First recorded raise — entered as Pre-Seed.
    • 10 investors on this round.
  2. Seed$1.1M2013-12-31
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 31 investors on this round.
  3. Pre-Seed$520K2016-08-22
    • Raised again after 32 mo — slower than the ~11 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  4. Seed$937K2016-08-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× larger than the prior — scaling up.
    • 25 investors on this round.
  5. Pre-Seed$215K2016-08-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  6. Pre-Seed$350K2018-03-03
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 2 investors on this round.
  7. Seed$420K2018-03-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  8. Seed$605K2020-07-21
    • Raised again after 29 mo — slower than the ~11 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 3 investors on this round.
  9. Seed$530K2021-04-29
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  10. Seed$317K2022-03-02
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  11. Pre-Seed$292K2022-03-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
  12. Pre-Seed$645K2023-10-26
    • Raised again after 20 mo — slower than the ~11 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • Revenue band moved No revenue → $0–$1M.
    • 17 investors on this round.
  13. Seed$1.0M2023-10-26
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× larger than the prior — scaling up.
    • 16 investors on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~11mo cadence
$1.7M
Modeled next size est.range $1.1M$2.7M
1.6×
Last step-up
$498K/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
Larry D. Rigby1 other2012-11
Duck Joo Lee2012-11
James E. Herrin2012-11
Jayne F, Carney2016-08
John S. Fair2023-10
Keith A. Marmer2023-10
Ron E. Nielsen2022-03
R. Tyler McCabe2012-11
Sheryl A. Kingsberg2023-10
Stath J. Karras2022-03
Stephanie A. Singer2023-10
Tim S. Glassett2012-11
Troy E. Mason2022-03
Registry & provenance

J3 Bioscience, Inc. 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
1408012
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
iGenomX International Genomics CorpBiotechSeed$5.1M$66.7Msame sector · same stage
Orpheus Bioscience, Inc.BiotechSeed$4.4M$140.2Msame sector · same stage
Psycheceutical Bioscience, Inc.BiotechSeed$7.3M$492Ksame sector · same stage
General Genomics Inc.BiotechSeed$4.0M$14.1Msame sector · same stage
Meridian Biotech, LLCBiotechSeed$3.9M$88.0Msame sector · same stage
Ambra Bioscience LLCBiotechSeed$3.8M$46.6Msame sector · same stage
INVO Bioscience, Inc.BiotechSeed$7.8M$29.2Msame sector · same stage
KelSie Biotech CorpBiotechSeed$3.3M$40.2Msame 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
J2 Health, Inc.HealthtechSeed$3.4M83%
MR3 Health, Inc.HealthtechSeed$12.5M82%
C3J Therapeutics, Inc.BiotechnologySeries B$754.1M80%
NJ BIO, Inc.Biotech / PharmaSeries A$54.9M80%
Los Angeles Biosciences, Inc.Biotech / PharmaSeries A$16.3M80%
Goodwin Biotechnology, IncBiotechSeries B$7.7M80%
Salish Bioscience Inc.BiotechSeries A$109.5M80%
CHD Bioscience, Inc.BiotechSeries A$3.3M80%
Frequently asked
How much funding has J3 Bioscience, Inc. raised?
J3 Bioscience, Inc. has raised approximately $5.5M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is J3 Bioscience, Inc.'s estimated valuation?
Provath's modeled valuation for J3 Bioscience, Inc. is approximately $7.4M (modeled range $755K–$23.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is J3 Bioscience, Inc. at?
J3 Bioscience, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Oct 26.
What does J3 Bioscience, Inc. do and where is it based?
J3 Bioscience, Inc. operates in the Biotech sector, based in SALT LAKE CITY.
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