Diligence memo · auto-generated · as of July 2, 2026
Lindy Biosciences, Inc.
Lindy Biosciences, Inc. looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Lindy Biosciences, Inc. operates in Biotechnology, based in Morrisville.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Lindy Biosciences, Inc. has raised $5.7M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.3M on 2022-03-11.
Most recent recorded round closed around 2024-03-12.
Valuation (modeled)modeled
Provath models Lindy Biosciences, Inc. at approximately $9.8M (range $1.2M–$28M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.69× the median modeled value of Seed Biotechnology companies in 2022–2024 (207 peers) — value vs value, same stage and era. Within the normal band (69% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 24 months.
Last raise 2.3 yr ago; this sector typically re-raises about every 14 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 1.9× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 46% of Biotechnology peers (4293 compared).
Modeled value ranks above 18% of those peers.
Closest niche peers: Mesentech Inc., Marlinspike Therapeutics, Inc., Microbial Machines, Inc., Pearl Diagnostics, Inc., Crossfire Medical Inc.
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.