Companies · Pharma

Mindset Pharma Inc.

TORONTO · Pharma · refined from filed group “Other

Diligence memoA one-page analyst read on Mindset Pharma Inc. — recommendation, valuation, rhythm, risks.
$694K
Total raised · real
1
Rounds
Latest step-up
Top 69%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Apr 15 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Mindset Pharma Inc. looks over-valued 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.

Over-valued
  • Modeled value is 1.54× the median modeled value of Pre-Seed Pharma companies in 2019–2021 (20 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.2 yr ago; this sector typically re-raises about every 16 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

Mindset Pharma Inc. is one of 310 Pharma companies tracked from TORONTO. By capital raised it ranks in the long tail (ahead of 32% 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
3
Investors (latest)
2021-04-15
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 · 2021-04-15 Raised $694K (real) Modeled valuation $21M (est)$694K$21MPre-Seed2021

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$694K · 2021

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

Modeled valuation trajectory
$20.7M
Base estimate est.
$389K
Conservative case
$184.8M
Upside case
$3.9M
Modeled post-money

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

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
25%
Survival probability
10% low · 46% high
1.80×/yr
Annual markup
2.44×/yr upside case
5.2 yr
Elapsed time used
5.2 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
5.2 yr
On record since
2021
First round
1
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) 0.1× of median
This company$694K
Sector median$6.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 2.3× above median
This company$694K
Sector median$307K
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$20.7M
Sector median$62.5M

Raised more than 32% of sector peers (real $). Modeled value above 44% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #8 of 20.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Jupiter Therapeutics, Inc. · Pre-Seed Raised $1.0M · modeled $47.3M (est)Tavros Therapeutics, Inc. · Pre-Seed Raised $1000K · modeled $47.3M (est)Kalytera Therapeutics, Inc. · Pre-Seed Raised $2.2M · modeled $35.9M (est)Veterinary Radiation Oncology of the Chesapeake, LLC · Pre-Seed Raised $925K · modeled $29.6M (est)Chamishi Therapeutics, Inc. · Pre-Seed Raised $490K · modeled $23.2M (est)Ikaika Therapeutics, Inc. · Pre-Seed Raised $1.0M · modeled $22.5M (est)Organoid Therapeutics, Inc. · Pre-Seed Raised $445K · modeled $21.0M (est)Neurexis Therapeutics, Inc. · Pre-Seed Raised $500K · modeled $16.1M (est)Hyka Therapeutics Inc. · Pre-Seed Raised $307K · modeled $14.5M (est)Chekkit · Pre-Seed Raised $500K · modeled $12.3M (est)Naturomed Therapeutics, Ltd. · Pre-Seed Raised $585K · modeled $12.0M (est)Mindset Pharma Inc. (this company) Raised $694K · modeled $20.7M (est)Mindset Pharma Inc.
CompanyStageRaised · realValue · estvs peer med.
Jupiter Therapeutics, Inc.Pre-Seed$1.0M$47.3M3.52×
Tavros Therapeutics, Inc.Pre-Seed$1000K$47.3M3.52×
Kalytera Therapeutics, Inc.Pre-Seed$2.2M$35.9M2.67×
Veterinary Radiation Oncology of the Chesapeake, LLCPre-Seed$925K$29.6M2.20×
Chamishi Therapeutics, Inc.Pre-Seed$490K$23.2M1.73×
Ikaika Therapeutics, Inc.Pre-Seed$1.0M$22.5M1.67×
Organoid Therapeutics, Inc.Pre-Seed$445K$21.0M1.57×
Mindset Pharma Inc. this companyPre-Seed$694K$20.7M1.54×
Neurexis Therapeutics, Inc.Pre-Seed$500K$16.1M1.20×
Hyka Therapeutics Inc.Pre-Seed$307K$14.5M1.08×
ChekkitPre-Seed$500K$12.3M0.92×
Naturomed Therapeutics, Ltd.Pre-Seed$585K$12.0M0.90×
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$694K2021-04-15$3.9M$20.7M90%
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$694K2021-04-15
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
Intelligence
Modeled next raise
$1.1M
Modeled next size est.range $722K$1.8M
Last step-up
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
Richard Patricio10 other2021-04
Philip Williams7 other2021-04
Arvin Ramos1 other2021-04
James Lanthier1 other2021-04
James Passin1 other2021-04
Jessica Whitton2021-04
Joseph Araujo2021-04
Registry & provenance

Mindset Pharma 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
1859156
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
Manzara Therapeutics, Inc.PharmaPre-Seed$750K$35.5Msame sector · same stage
Arena Therapeutics OpCo, Inc.PharmaPre-Seed$600K$2.8Msame sector · same stage
Neural Therapeutics Inc.PharmaPre-Seed$591K$11.0Msame sector · same stage
Naturomed Therapeutics, Ltd.PharmaPre-Seed$585K$12.0Msame sector · same stage
Atacama Therapeutics, Inc.PharmaPre-Seed$830K$4.2Msame sector · same stage
Kyto Biopharma IncPharmaPre-Seed$845K$40.0Msame sector · same stage
Thiogenesis Therapeutics, Corp.PharmaPre-Seed$849K$302Ksame sector · same stage
Veterinary Radiation Oncology of the Chesapeake, LLCPharmaPre-Seed$925K$29.6Msame 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
Mindset Medical, Inc.HealthtechSeries A$6.4M82%
MindImmune Therapeutics, Inc.PharmaceuticalsSeries B$61.3M82%
One World Pharma, Inc.PharmaSeed$38.9M81%
PharmaCann Inc.Biotech / PharmaSeries D+$413.5M81%
Small Pharma Ltd.PharmaSeed$52.8M81%
Neural Therapeutics Inc.PharmaPre-Seed$11.0M81%
Mind Medicine, Inc.OtherSeries B$320.6M80%
Mindset Medical LLCHealthtechSeed$6.5M80%
Frequently asked
How much funding has Mindset Pharma Inc. raised?
Mindset Pharma Inc. has raised approximately $694K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Mindset Pharma Inc.'s estimated valuation?
Provath's modeled valuation for Mindset Pharma Inc. is approximately $20.7M (modeled range $389K–$184.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mindset Pharma Inc. at?
Mindset Pharma Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Apr 15.
What does Mindset Pharma Inc. do and where is it based?
Mindset Pharma Inc. operates in the Pharma sector, based in TORONTO.
Explore related

See where Mindset Pharma 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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