Companies · Biotechnology

NeuBase Therapeutics, Inc.

PITTSBURGH · Biotechnology

Diligence memoA one-page analyst read on NeuBase Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$17.1M
Total raised · real
5
Rounds
0.5×
Latest step-up
Top 36%
Sector rank · raised
Series A
Latest stage · inferred · Wed Jun 28 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

NeuBase Therapeutics, Inc. looks fair against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the biotech 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 0.96× the median modeled value of Series A Biotechnology companies in 2022–2024 (303 peers) — value vs value, same stage and era.
  • Within the normal band (96% of peer median) for its niche.
At-risk
  • Last raise 3.0 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.
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 Biotechnology

NeuBase Therapeutics, Inc. is one of 4291 Biotechnology companies tracked from PITTSBURGH. By capital raised it ranks mid-pack (ahead of 65% 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
1
Investors (latest)
2023-06-28
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$125M$250M$375M$500MPre-Seed · 2009-03-19 Raised $500K (real) Modeled valuation $28M (est)$500K$28MPre-Seed2009Seed · 2009-06-03 Raised $1.0M (real) Modeled valuation $45M (est)$1.0M$45MSeed2009Seed · 2013-10-02 Raised $377K (real) Modeled valuation $17M (est)$377K$17MSeed2013Seed · 2013-12-30 Raised $570K (real) Modeled valuation $25M (est)$570K$25MSeed2013Series A · 2014-05-30 Raised $10M (real) Modeled valuation $368M (est)$10M$368MSeries A2014Series A · 2023-06-28 Raised $5.0M (real) Modeled valuation $43M (est)$5.0M$43MSeries A2023+$1.0M+$377K+$570K+$10M+$5.0MCumulative $18M

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$500K · 2009
Seed$1.0M · 2009
Seed extension$377K · 2013
Seed extension$570K · 2013
Series A$10.2M · 2014
Series A extension$5.0M · 2023

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

Modeled valuation trajectory
$42.7M
Base estimate est.
$5.5M
Conservative case
$116.5M
Upside case
$22.7M
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 biotech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $27.6M · 2009-03-192009Seed · modeled $44.6M · 2009-06-03Seed · modeled $16.7M · 2013-10-02Seed · modeled $25.3M · 2013-12-30Series A · modeled $368.0M · 2014-05-30Series A · modeled $42.7M · 2023-06-282023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
44%
Survival probability
24% low · 60% high
1.62×/yr
Annual markup
2.04×/yr upside case
3.0 yr
Elapsed time used
3.0 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
34 mo
Avg between rounds
$1.2M/yr
Capital velocity
17.3 yr
On record since
2009
First round
6
Rounds on file
How it compares to the market

Benchmarked against 4291 companies in Biotechnology. 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) 2.4× above median
This company$17.1M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.9× of median
This company$5.0M
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$42.7M
Sector median$64.2M

Raised more than 65% of sector peers (real $). Modeled value above 42% 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 #158 of 303.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)GeoVax Labs, Inc. · Series A Raised $39.1M · modeled $217.0M (est)Cellinfinity Bio Holding Company, LLC · Series A Raised $13.2M · modeled $215.9M (est)Adient Medical, Inc. · Series A Raised $18.2M · modeled $206.8M (est)Entegrion Inc · Series A Raised $22.7M · modeled $191.3M (est)BCD Bioscience, Inc. · Series A Raised $16.4M · modeled $188.9M (est)Pragma Biosciences Inc. · Series A Raised $14.5M · modeled $186.0M (est)MicroByre, Inc. · Series A Raised $16.1M · modeled $185.7M (est)Cardiac Insight, Inc. · Series A Raised $38.1M · modeled $183.8M (est)Cardiac Implants LLC · Series A Raised $13.5M · modeled $178.2M (est)Abintus Bio, Inc. · Series A Raised $13.7M · modeled $177.2M (est)Mosaic Biosciences, Inc. · Series A Raised $14.7M · modeled $176.1M (est)Mazen Animal Health Inc. · Series A Raised $13.5M · modeled $168.8M (est)NeuBase Therapeutics, Inc. (this company) Raised $17.1M · modeled $42.7M (est)NeuBase Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
GeoVax Labs, Inc.Series A$39.1M$217.0M4.90×
Cellinfinity Bio Holding Company, LLCSeries A$13.2M$215.9M4.87×
Adient Medical, Inc.Series A$18.2M$206.8M4.67×
Entegrion IncSeries A$22.7M$191.3M4.32×
BCD Bioscience, Inc.Series A$16.4M$188.9M4.27×
Pragma Biosciences Inc.Series A$14.5M$186.0M4.20×
MicroByre, Inc.Series A$16.1M$185.7M4.19×
Cardiac Insight, Inc.Series A$38.1M$183.8M4.15×
Cardiac Implants LLCSeries A$13.5M$178.2M4.02×
Abintus Bio, Inc.Series A$13.7M$177.2M4.00×
Mosaic Biosciences, Inc.Series A$14.7M$176.1M3.98×
Mazen Animal Health Inc.Series A$13.5M$168.8M3.81×
NeuBase Therapeutics, Inc. this companySeries A$17.1M$42.7M0.96×
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$500K2009-03-19$2.8M$27.6M85%
Seed$1.0M2009-06-03$5.0M$44.6M85%
Seed$377K2013-10-02$1.9M$16.7M85%
Seed$570K2013-12-30$2.8M$25.3M85%
Series A$10.2M2014-05-30$46.3M$368.0M85%
Series A$5.0M2023-06-28$22.7M$42.7M90%
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$500K2009-03-19
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Seed$1.0M2009-06-03
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 24 investors on this round.
  3. Seed$377K2013-10-02
    • Raised again after 52 mo — slower than the ~14 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 3 investors on this round.
  4. Seed$570K2013-12-30
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 3 investors on this round.
  5. Series A$10.2M2014-05-30
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 17.9× larger than the prior — scaling up.
    • 1 investor on this round.
  6. Series A$5.0M2023-06-28
    • Raised again after 109 mo — slower than the ~14 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~34mo cadence
$5.0M
Modeled next size est.range $5.0M$8.0M
0.5×
Last step-up
$1.2M/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
Dov Goldstein5 other2023-06
Dietrich Stephan3 other2023-06
Ira Greenstein2 other2009-03
Eric Richman1 other2023-06
Franklyn Prendergast1 other2023-06
Irach Taraporewala1 other2013-10
June Almenoff1 other2013-10
Thomas Riedhammer1 other2013-10
Andrew Limpert2009-03
Gerald McDougall2023-06
Orin Hirschman2009-03
Sam Backenroth2013-10
Todd Branning2023-06
Registry & provenance

NeuBase 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
1173281
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
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Phantom Neuro Inc.BiotechnologySeries A$15.4M$45.7Msame sector · same stage
Durin Technologies, Inc.BiotechnologySeries A$15.2M$45.7Msame 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
Nexo Therapeutics, Inc.BiotechnologySeries C$993.8M87%
NeuroSense Therapeutics Ltd.BiotechnologySeries A$21.3M87%
Neumora Therapeutics, Inc.BiotechnologyGrowth/Late$19.0B86%
Neuropro Therapeutics, Inc.BiotechnologySeries A$48.9M85%
Neurona Therapeutics, IncBiotechnologySeries D+$874.2M85%
NeuroBo Pharmaceuticals, Inc.BiotechnologySeries B$49.4M85%
Nerio Therapeutics, Inc.BiotechnologySeed$82.6M84%
Neuraptive Therapeutics, Inc.BiotechnologySeries B$295.0M84%
Frequently asked
How much funding has NeuBase Therapeutics, Inc. raised?
NeuBase Therapeutics, Inc. has raised approximately $17.1M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is NeuBase Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for NeuBase Therapeutics, Inc. is approximately $42.7M (modeled range $5.5M–$116.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is NeuBase Therapeutics, Inc. at?
NeuBase Therapeutics, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Jun 28.
What does NeuBase Therapeutics, Inc. do and where is it based?
NeuBase Therapeutics, Inc. operates in the Biotechnology sector, based in PITTSBURGH.
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