Companies · Pharma

Nervgen Pharma Corp.

VANCOUVER · Pharma · refined from filed group “Other

Diligence memoA one-page analyst read on Nervgen Pharma Corp. — recommendation, valuation, rhythm, risks.
$6.2M
Total raised · real
7
Rounds
2.5×
Latest step-up
Top 44%
Sector rank · raised
Seed
Latest stage · inferred · Mon Nov 29 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Nervgen Pharma Corp. looks under-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.

Under-valued
  • Modeled value is 0.21× the median modeled value of Seed Pharma companies in 2019–2021 (20 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.6 yr ago; this sector typically re-raises about every 16 months.
  • Silent for over 3× the sector's normal 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

Nervgen Pharma Corp. is one of 310 Pharma companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 57% 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
17
Investors (latest)
2017
Year incorporated
2021-11-29
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$25M$50M$75M$100MPre-Seed · 2018-09-12 Raised $111K (real) Modeled valuation $5.3M (est)Pre-Seed2018Seed · 2019-03-13 Raised $1.2M (real) Modeled valuation $46M (est)Seed2019Seed · 2019-11-15 Raised $1.5M (real) Modeled valuation $57M (est)Seed2019Pre-Seed · 2020-05-20 Raised $285K (real) Modeled valuation $13M (est)Pre-Seed2020Seed · 2020-05-20 Raised $285K (real) Modeled valuation $11M (est)Seed2020Seed · 2020-08-10 Raised $2.2M (real) Modeled valuation $79M (est)Seed2020Seed · 2020-08-10 Raised $2.2M (real) Modeled valuation $79M (est)Seed2020Seed · 2021-08-04 Raised $264K (real) Modeled valuation $5.7M (est)Seed2021Seed · 2021-11-29 Raised $652K (real) Modeled valuation $12M (est)Seed2021+$1.2M+$1.5M+$285K+$285K+$2.2M+$2.2M+$264K+$652KCumulative $8.7M

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$111K · 2018
Seed$1.2M · 2019
Seed extension$1.5M · 2019
Bridge · Seed-stage$285K · 2020smaller follow-on
Seed extension$285K · 2020
Seed extension$2.2M · 2020
Seed extension$2.2M · 2020
Seed extension$264K · 2021
Seed extension$652K · 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
$11.9M
Base estimate est.
$493K
Conservative case
$63.6M
Upside case
$3.3M
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 $5.3M · 2018-09-122018Seed · modeled $45.5M · 2019-03-13Seed · modeled $57.1M · 2019-11-15Pre-Seed · modeled $13.5M · 2020-05-20Seed · modeled $10.8M · 2020-05-20Seed · modeled $78.8M · 2020-08-10Seed · modeled $78.8M · 2020-08-10Seed · modeled $5.7M · 2021-08-04Seed · modeled $11.9M · 2021-11-292021
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
4.6 yr
Elapsed time used
4.6 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$1.9M/yr
Capital velocity
7.8 yr
On record since
2018
First round
9
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$6.2M
Sector median$6.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$652K
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$11.9M
Sector median$62.5M

Raised more than 57% of sector peers (real $). Modeled value above 37% 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 #19 of 20.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Zoo Pharma Dynamics Inc. · Seed Raised $3.7M · modeled $139.3M (est)Pharma-Labs Finance LLC · Seed Raised $3.0M · modeled $114.6M (est)FSD Pharma Inc. · Seed Raised $2.6M · modeled $99.9M (est)Deepbiome Therapeutics, Inc. · Seed Raised $2.5M · modeled $95.3M (est)Pykus Therapeutics, Inc. · Seed Raised $2.5M · modeled $72.9M (est)Nexosome Oncology Holdings, Inc. · Seed Raised $3.7M · modeled $68.9M (est)BreStem Therapeutics, Inc. · Seed Raised $3.0M · modeled $68.8M (est)Ten63 Therapeutics, Inc. · Seed Raised $2.1M · modeled $62.5M (est)Plato BioPharma, Inc. · Seed Raised $3.6M · modeled $59.2M (est)Silver Therapeutics, Inc. · Seed Raised $1.5M · modeled $57.1M (est)Javelin Oncology, Inc. · Seed Raised $1.5M · modeled $57.1M (est)Small Pharma Ltd. · Seed Raised $1.9M · modeled $52.7M (est)Nervgen Pharma Corp. (this company) Raised $6.2M · modeled $11.9M (est)Nervgen Pharma Corp.
CompanyStageRaised · realValue · estvs peer med.
Zoo Pharma Dynamics Inc.Seed$3.7M$139.3M2.44×
Pharma-Labs Finance LLCSeed$3.0M$114.6M2.01×
FSD Pharma Inc.Seed$2.6M$99.9M1.75×
Deepbiome Therapeutics, Inc.Seed$2.5M$95.3M1.67×
Pykus Therapeutics, Inc.Seed$2.5M$72.9M1.28×
Nexosome Oncology Holdings, Inc.Seed$3.7M$68.9M1.21×
BreStem Therapeutics, Inc.Seed$3.0M$68.8M1.21×
Ten63 Therapeutics, Inc.Seed$2.1M$62.5M1.09×
Plato BioPharma, Inc.Seed$3.6M$59.2M1.04×
Silver Therapeutics, Inc.Seed$1.5M$57.1M1.00×
Javelin Oncology, Inc.Seed$1.5M$57.1M1.00×
Small Pharma Ltd.Seed$1.9M$52.7M0.92×
Nervgen Pharma Corp. this companySeed$6.2M$11.9M0.21×
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$111K2018-09-12$619K$5.3M90%
Seed$1.2M2019-03-13$6.0M$45.5M90%
Seed$1.5M2019-11-15$7.5M$57.1M90%
Pre-Seed$285K2020-05-20$1.6M$13.5M90%
Seed$285K2020-05-20$1.4M$10.8M90%
Seed$2.2M2020-08-10$11.0M$78.8M90%
Seed$2.2M2020-08-10$11.0M$78.8M90%
Seed$264K2021-08-04$1.3M$5.7M90%
Seed$652K2021-11-29$3.3M$11.9M90%
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$111K2018-09-12
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
  2. Seed$1.2M2019-03-13
    • Came back fast: 6 mo vs the ~16 mo sector norm.
    • Round 10.7× larger than the prior — scaling up.
    • 28 investors on this round.
  3. Seed$1.5M2019-11-15
    • Came back fast: 8 mo vs the ~16 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  4. Pre-Seed$285K2020-05-20
    • Came back fast: 6 mo vs the ~16 mo sector norm.
    • Round 5.3× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  5. Seed$285K2020-05-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 13 investors on this round.
  6. Seed$2.2M2020-08-10
    • Came back fast: 3 mo vs the ~16 mo sector norm.
    • Round 7.7× larger than the prior — scaling up.
    • 16 investors on this round.
  7. Seed$2.2M2020-08-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 23 investors on this round.
  8. Seed$264K2021-08-04
    • Raised 12 mo later, in step with the ~16 mo sector norm.
    • Round 8.3× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  9. Seed$652K2021-11-29
    • Came back fast: 4 mo vs the ~16 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 17 investors on this round.
Intelligence
2022 ~Q2
Modeled next raise · ~5mo cadence
$1.6M
Modeled next size est.range $1.0M$2.6M
2.5×
Last step-up
$1.9M/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
William Adams6 other2020-05
Michael Abrams5 other2019-11
Brian Eric Bayley4 other2018-09
Brian Bayley3 other2019-11
Paul Brennan2 other2020-05
Ernest Wong1 other2019-11
Harold Punnett1 other2019-11
Krista McKerracher1 other2021-11
Robert Pilz1 other2019-11
Amy Franke2019-11
Bill Radvak2019-11
Brian Jeffrey Bayley2019-03
Daniel Mikol2020-05
Denis Bosc2019-11
Ernest Joseph Wong2019-03
ERNEST SHINGYAN WONG2018-09
Glenn Ives2021-11
Harold Jeffrey Punnett2019-03
HAROLD MARTIN PUNNETT2018-09
Lloyd Mackenzie2020-05
Michael Jeffrey Abrams2018-09
Randall Kaye2020-05
ROBERT GERHARD PILZ2018-09
Robert Joseph Pilz2019-03
Registry & provenance

Nervgen Pharma Corp. 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
1751912
SEC CIK
2017
Incorporated
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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.

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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
NV Therapeutics, Inc.PharmaSeed$12.8M84%
Nextgen Pharma LlcPharmaSeries A$229.4M83%
Vor Biopharma Inc.PharmaSeries D+$3.9B82%
Nivagen Pharmaceuticals, Inc.PharmaceuticalsSeries B$52.8M81%
ReveraGen BioPharma, Inc.PharmaceuticalsPre-Seed$37.8M81%
MedGene Therapeutics, Inc.BiotechnologySeed$28.8M80%
Neogene Therapeutics, Inc.BiotechnologySeries D+$4.3B80%
Neurexis Therapeutics, Inc.PharmaPre-Seed$16.1M79%
Frequently asked
How much funding has Nervgen Pharma Corp. raised?
Nervgen Pharma Corp. has raised approximately $6.2M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Nervgen Pharma Corp.'s estimated valuation?
Provath's modeled valuation for Nervgen Pharma Corp. is approximately $11.9M (modeled range $493K–$63.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Nervgen Pharma Corp. at?
Nervgen Pharma Corp.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Nov 29.
What does Nervgen Pharma Corp. do and where is it based?
Nervgen Pharma Corp. operates in the Pharma sector, based in VANCOUVER.
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