Companies · Pharmaceuticals

Lipella Pharmaceuticals Inc.

PITTSBURGH · Pharmaceuticals

Diligence memoA one-page analyst read on Lipella Pharmaceuticals Inc. — recommendation, valuation, rhythm, risks.
$8.2M
Total raised · real
6
Rounds
21.6×
Latest step-up
Top 51%
Sector rank · raised
Seed
Latest stage · inferred · Mon Dec 23 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Lipella Pharmaceuticals Inc. 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 1.00× the median modeled value of Seed Pharmaceuticals companies in 2022–2024 (50 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Quiet
  • Last raise 18 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

Lipella Pharmaceuticals Inc. is one of 1613 Pharmaceuticals companies tracked from PITTSBURGH. By capital raised it ranks mid-pack (ahead of 50% of sector peers), and in the long tail 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
26
Investors (latest)
2024-12-23
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$50M$100M$150M$200MPre-Seed · 2008-09-16 Raised $251K (real) Modeled valuation $12M (est)Pre-Seed2008Pre-Seed · 2008-09-16 Raised $146K (real) Modeled valuation $6.9M (est)Pre-Seed2008Pre-Seed · 2008-09-16 Raised $216K (real) Modeled valuation $10M (est)Pre-Seed2008Pre-Seed · 2020-10-23 Raised $405K (real) Modeled valuation $16M (est)Pre-Seed2020Seed · 2020-10-23 Raised $3.1M (real) Modeled valuation $101M (est)Seed2020Seed · 2020-10-23 Raised $2.6M (real) Modeled valuation $84M (est)Seed2020Seed · 2023-07-10 Raised $122K (real) Modeled valuation $968K (est)Seed2023Seed · 2023-10-23 Raised $2.0M (real) Modeled valuation $14M (est)Seed2023Seed · 2024-07-31 Raised $120K (real) Modeled valuation $547K (est)Seed2024Seed · 2024-12-23 Raised $2.6M (real) Modeled valuation $9.6M (est)Seed2024+$146K+$216K+$405K+$3.1M+$2.6M+$122K+$2.0M+$120K+$2.6MCumulative $12M

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$251K · 2008
Pre-Seed extension$146K · 2008
Pre-Seed extension$216K · 2008
Pre-Seed extension$405K · 2020
Seed$3.1M · 2020
Seed extension$2.6M · 2020
Seed extension$122K · 2023
Seed extension$2.0M · 2023
Seed extension$120K · 2024
Seed extension$2.6M · 2024

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

Modeled valuation trajectory
$9.6M
Base estimate est.
$2.0M
Conservative case
$22.5M
Upside case
$13.0M
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 pharma sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $11.9M · 2008-09-162008Pre-Seed · modeled $6.9M · 2008-09-16Pre-Seed · modeled $10.2M · 2008-09-16Pre-Seed · modeled $16.0M · 2020-10-23Seed · modeled $101.0M · 2020-10-23Seed · modeled $84.4M · 2020-10-23Seed · modeled $968K · 2023-07-10Seed · modeled $13.6M · 2023-10-23Seed · modeled $547K · 2024-07-31Seed · modeled $9.6M · 2024-12-232024
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
34%
Survival probability
15% low · 52% high
1.68×/yr
Annual markup
2.20×/yr upside case
1.5 yr
Elapsed time used
1.5 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$505K/yr
Capital velocity
17.8 yr
On record since
2008
First round
10
Rounds on file
How it compares to the market

Benchmarked against 1613 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) 1.0× above median
This company$8.2M
Sector median$8.1M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.5× above median
This company$2.6M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$9.6M
Sector median$76.1M

Raised more than 50% of sector peers (real $). Modeled value above 17% 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 #25 of 50.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Celeris Therapeutics, Inc. · Seed Raised $3.0M · modeled $48.7M (est)Oligomerix, Inc. · Seed Raised $8.3M · modeled $37.8M (est)2A Biosciences, Inc. · Seed Raised $3.8M · modeled $36.0M (est)Myosin Therapeutics Inc. · Seed Raised $3.0M · modeled $32.4M (est)Eluciderm Inc. · Seed Raised $3.8M · modeled $31.7M (est)AION Healthspan, Inc. · Seed Raised $2.9M · modeled $28.5M (est)Cannabinoid API Solutions, LLC · Seed Raised $2.2M · modeled $27.4M (est)CanaQuest Medical Corp. · Seed Raised $2.0M · modeled $22.8M (est)M Chest Institutional Pharmacy Group, LLC · Seed Raised $3.7M · modeled $21.4M (est)Vitalis Therapeutics, Inc. · Seed Raised $2.0M · modeled $20.8M (est)Visiox Pharma, LLC · Seed Raised $1.3M · modeled $17.5M (est)Adtech Pharma, Inc. · Seed Raised $3.0M · modeled $17.0M (est)Lipella Pharmaceuticals Inc. (this company) Raised $8.2M · modeled $9.6M (est)Lipella Pharmaceuticals Inc.
CompanyStageRaised · realValue · estvs peer med.
Celeris Therapeutics, Inc.Seed$3.0M$48.7M5.06×
Oligomerix, Inc.Seed$8.3M$37.8M3.93×
2A Biosciences, Inc.Seed$3.8M$36.0M3.74×
Myosin Therapeutics Inc.Seed$3.0M$32.4M3.37×
Eluciderm Inc.Seed$3.8M$31.7M3.29×
AION Healthspan, Inc.Seed$2.9M$28.5M2.96×
Cannabinoid API Solutions, LLCSeed$2.2M$27.4M2.85×
CanaQuest Medical Corp.Seed$2.0M$22.8M2.37×
M Chest Institutional Pharmacy Group, LLCSeed$3.7M$21.4M2.22×
Vitalis Therapeutics, Inc.Seed$2.0M$20.8M2.16×
Visiox Pharma, LLCSeed$1.3M$17.5M1.82×
Adtech Pharma, Inc.Seed$3.0M$17.0M1.76×
Lipella Pharmaceuticals Inc. this companySeed$8.2M$9.6M1.00×
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$251K2008-09-16$1.4M$11.9M85%
Pre-Seed$146K2008-09-16$813K$6.9M85%
Pre-Seed$216K2008-09-16$1.2M$10.2M85%
Pre-Seed$405K2020-10-23$2.3M$16.0M90%
Seed$3.1M2020-10-23$15.6M$101.0M90%
Seed$2.6M2020-10-23$13.0M$84.4M90%
Seed$122K2023-07-10$612K$968K90%
Seed$2.0M2023-10-23$10.0M$13.6M90%
Seed$120K2024-07-31$600K$547K90%
Seed$2.6M2024-12-23$13.0M$9.6M90%
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$251K2008-09-16
    • First recorded raise — entered as Pre-Seed.
    • 6 investors on this round.
  2. Pre-Seed$146K2008-09-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  3. Pre-Seed$216K2008-09-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
    • 6 investors on this round.
  4. Pre-Seed$405K2020-10-23
    • Raised again after 145 mo — slower than the ~13 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 7 investors on this round.
  5. Seed$3.1M2020-10-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 7.7× larger than the prior — scaling up.
    • 43 investors on this round.
  6. Seed$2.6M2020-10-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 37 investors on this round.
  7. Seed$122K2023-07-10
    • Raised again after 33 mo — slower than the ~13 mo sector norm.
    • Round 21.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  8. Seed$2.0M2023-10-23
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 16.3× larger than the prior — scaling up.
    • 1 investor on this round.
  9. Seed$120K2024-07-31
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 16.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  10. Seed$2.6M2024-12-23
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 21.6× larger than the prior — scaling up.
    • 26 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~22mo cadence
$7.8M
Modeled next size est.range $5.1M$12.5M
21.6×
Last step-up
$505K/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
Daniel Cohen14 other2023-07
Jonathan Kaufman2 other2008-09
DAVID BATTLEMAN1 other2008-09
LEAF HUANG1 other2008-09
THOMAS PETZINGER, JR.1 other2008-09
BERNARD TOKARCZYK2008-09
Byong Kim2023-07
Douglas Johnston2023-07
Lori Birder2023-07
MICHAEL CHANCELLOR2008-09
Naoki Yoshimura2023-07
PRADEEP TYAGI2008-09
Ryan Pruchnic2023-07
Registry & provenance

Lipella Pharmaceuticals 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
1347242
SEC CIK
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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
Lipidio Pharmaceuticals Inc.PharmaceuticalsSeries A$143.2M89%
Olema Pharmaceuticals, Inc.PharmaceuticalsSeries D+$2.4B86%
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Lb Pharmaceuticals IncPharmaceuticalsSeries D+$1.5B83%
BiomX Inc.PharmaceuticalsSeries C$16.9M83%
LIPAC Oncology LLCPharmaceuticalsPre-Seed$17.6M83%
Shuttle Pharmaceuticals Holdings, Inc.PharmaceuticalsSeries A$7.1M83%
Pieris Pharmaceuticals, Inc.PharmaceuticalsSeries B$1.1B82%
Frequently asked
How much funding has Lipella Pharmaceuticals Inc. raised?
Lipella Pharmaceuticals Inc. has raised approximately $8.2M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Lipella Pharmaceuticals Inc.'s estimated valuation?
Provath's modeled valuation for Lipella Pharmaceuticals Inc. is approximately $9.6M (modeled range $2.0M–$22.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Lipella Pharmaceuticals Inc. at?
Lipella Pharmaceuticals Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Dec 23.
What does Lipella Pharmaceuticals Inc. do and where is it based?
Lipella Pharmaceuticals Inc. operates in the Pharmaceuticals sector, based in PITTSBURGH.
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