Diligence memo · auto-generated · as of July 2, 2026
Neptune Wellness Solutions Inc.
Neptune Wellness Solutions Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Neptune Wellness Solutions Inc. operates in Healthtech, based in Laval.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Neptune Wellness Solutions Inc. has raised $94M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $37M on 2019-07-17.
Most recent recorded round closed around 2022-07-13.
Valuation (modeled)modeled
Provath models Neptune Wellness Solutions Inc. at approximately $46M (range $8.5M–$121M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.28× the median modeled value of Series B Healthtech companies in 2022–2024 (98 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 34 months.
Last raise 4.0 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 3.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 95% of Healthtech peers (2138 compared).
Modeled value ranks above 61% of those peers.
Closest niche peers: Casana Care, Inc., Mendel Health Inc., Bicycle Health Inc., Brave Health, Inc., Flume Health, Inc..
Peoplefiled
24 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.