Companies · Pharma

MCAL Therapeutics Inc.

PARK CITY · Pharma · refined from filed group “Other

Diligence memoA one-page analyst read on MCAL Therapeutics Inc. — recommendation, valuation, rhythm, risks.
$6.3M
Total raised · real
2
Rounds
13.1×
Latest step-up
Top 43%
Sector rank · raised
Series A
Latest stage · inferred · Tue Mar 12 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

MCAL Therapeutics Inc. looks under-valued 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.

Under-valued
  • Modeled value is 0.51× the median modeled value of Series A Pharma companies in 2022–2024 (24 peers) — value vs value, same stage and era.
Quiet
  • Last raise 2.3 yr ago; this sector typically re-raises about every 16 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 Pharma

MCAL Therapeutics Inc. is one of 310 Pharma companies tracked from PARK CITY. By capital raised it ranks mid-pack (ahead of 58% 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
29
Investors (latest)
2020
Year incorporated
2024-03-12
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 · 2020-05-20 Raised $450K (real) Modeled valuation $21M (est)$450K$21MPre-Seed2020Series A · 2024-03-12 Raised $5.9M (real) Modeled valuation $35M (est)$5.9M$35MSeries A2024+$5.9MCumulative $6.3M

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$450K · 2020
Series A$5.9M · 2024no Seed on file

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$34.7M
Base estimate est.
$6.7M
Conservative case
$80.5M
Upside case
$26.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $21.3M · 2020-05-202020Series A · modeled $34.7M · 2024-03-122024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
46%
Survival probability
25% low · 63% high
1.57×/yr
Annual markup
1.97×/yr upside case
2.3 yr
Elapsed time used
2.3 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
46 mo
Avg between rounds
$1.7M/yr
Capital velocity
6.1 yr
On record since
2020
First round
2
Rounds on file
How it compares to the market

Benchmarked against 310 companies in Pharma. 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× of median
This company$6.3M
Sector median$6.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.9× of median
This company$5.9M
Sector median$6.7M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$34.7M
Sector median$62.5M

Raised more than 58% of sector peers (real $). Modeled value above 51% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #21 of 24.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Carmine Therapeutics, Inc. · Series A Raised $13.7M · modeled $161.9M (est)Triomics, Inc. · Series A Raised $13.8M · modeled $142.0M (est)Spiral Therapeutics Inc · Series A Raised $19.4M · modeled $120.5M (est)Convelo Therapeutics, Inc. · Series A Raised $12.8M · modeled $113.1M (est)ADvantage Therapeutics, Inc. · Series A Raised $19.0M · modeled $111.2M (est)Galaxy Therapeutics Inc. · Series A Raised $13.0M · modeled $91.9M (est)FireCyte Therapeutics, Inc. · Series A Raised $5.5M · modeled $85.4M (est)Cello Therapeutics, Inc. · Series A Raised $8.7M · modeled $85.0M (est)Grinta, Inc. · Series A Raised $9.5M · modeled $84.7M (est)Float Health Inc. · Series A Raised $10.0M · modeled $80.7M (est)Fuse Oncology, Inc. · Series A Raised $11.8M · modeled $79.4M (est)Spry Therapeutics Inc. · Series A Raised $15.0M · modeled $68.8M (est)MCAL Therapeutics Inc. (this company) Raised $6.3M · modeled $34.7M (est)MCAL Therapeutics Inc.
CompanyStageRaised · realValue · estvs peer med.
Carmine Therapeutics, Inc.Series A$13.7M$161.9M2.37×
Triomics, Inc.Series A$13.8M$142.0M2.08×
Spiral Therapeutics IncSeries A$19.4M$120.5M1.76×
Convelo Therapeutics, Inc.Series A$12.8M$113.1M1.66×
ADvantage Therapeutics, Inc.Series A$19.0M$111.2M1.63×
Galaxy Therapeutics Inc.Series A$13.0M$91.9M1.35×
FireCyte Therapeutics, Inc.Series A$5.5M$85.4M1.25×
Cello Therapeutics, Inc.Series A$8.7M$85.0M1.25×
Grinta, Inc.Series A$9.5M$84.7M1.24×
Float Health Inc.Series A$10.0M$80.7M1.18×
Fuse Oncology, Inc.Series A$11.8M$79.4M1.16×
Spry Therapeutics Inc.Series A$15.0M$68.8M1.01×
MCAL Therapeutics Inc. this companySeries A$6.3M$34.7M0.51×
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$450K2020-05-20$2.5M$21.3M90%
Series A$5.9M2024-03-12$26.8M$34.7M90%
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$450K2020-05-20
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
  2. Series A$5.9M2024-03-12
    • Raised again after 46 mo — slower than the ~16 mo sector norm.
    • Round 13.1× larger than the prior — scaling up.
    • 29 investors on this round.
Intelligence
2028 ~Q1
Modeled next raise · ~46mo cadence
$17.7M
Modeled next size est.range $11.5M$28.3M
13.1×
Last step-up
$1.7M/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
Christopher J Murphy2 other2020-05
Thomas Gadek2 other2020-05
Charles O'Neill1 other2020-05
Tom Gadek1 other2024-03
Chris J. Murphy2024-03
Dan J. Albert2024-03
Tanya Shnaydman2020-05
Tom J. Mather2024-03
Registry & provenance

MCAL Therapeutics 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
1812100
SEC CIK
2020
Incorporated
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
Myosana Therapeutics Inc.PharmaSeries A$6.4M$67.7Msame sector · same stage
Silicon Therapeutics LLCPharmaSeries A$6.5M$193.6Msame sector · same stage
Psybio Therapeutics Financing Inc.PharmaSeries A$6.0M$154.1Msame sector · same stage
Cirrus Therapeutics, Inc.PharmaSeries A$6.7M$21.1Msame sector · same stage
Attivare Therapeutics, Inc.PharmaSeries A$5.9M$109.8Msame sector · same stage
Colorado Therapeutics LLCPharmaSeries A$6.9M$79.6Msame sector · same stage
Cyprium Therapeutics, Inc.PharmaSeries A$7.0M$209.9Msame sector · same stage
Lengo Therapeutics LtdPharmaSeries A$7.0M$62.4Msame 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
Nurix Therapeutics, Inc.PharmaSeries D+$4.2B82%
Fleet Therapeutics, Inc.PharmaSeries B$507.7M82%
Carmell Therapeutics CorpBiotechnologySeries A$86.2M82%
King Therapeutics LLCPharmaPre-Seed$805K81%
Star Therapeutics LLCPharmaSeries D+$935.3M81%
Capstone Therapeutics Corp.PharmaSeed$130.9M81%
Atlas Oncology Holdings Inc.PharmaSeries B$85.0M80%
AME Therapeutics, Inc.PharmaSeed$25.1M80%
Frequently asked
How much funding has MCAL Therapeutics Inc. raised?
MCAL Therapeutics Inc. has raised approximately $6.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is MCAL Therapeutics Inc.'s estimated valuation?
Provath's modeled valuation for MCAL Therapeutics Inc. is approximately $34.7M (modeled range $6.7M–$80.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is MCAL Therapeutics Inc. at?
MCAL Therapeutics Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Mar 12.
What does MCAL Therapeutics Inc. do and where is it based?
MCAL Therapeutics Inc. operates in the Pharma sector, based in PARK CITY.
Explore related

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

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