Companies · Other

Osisko Development Corp.

MONTREAL · Other

Diligence memoA one-page analyst read on Osisko Development Corp. — recommendation, valuation, rhythm, risks.
$119.4M
Total raised · real
5
Rounds
0.8×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Tue Nov 12 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Osisko Development Corp. 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.

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 0.22× the median modeled value of Series C Other companies in 2022–2024 (192 peers) — value vs value, same stage and era.
Quiet
  • Last raise 20 mo ago; this sector typically re-raises about every 11 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 Other

Osisko Development Corp. is one of 25008 Other companies tracked from MONTREAL. By capital raised it ranks among the largest (ahead of 97% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
12
Investors (latest)
2024-11-12
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$250M$500M$750M$1.0BSeed · 2011-03-28 Raised $1.9M (real) Modeled valuation $34M (est)Seed2011Series B · 2021-01-08 Raised $26M (real) Modeled valuation $379M (est)Series B2021Series B · 2021-01-08 Raised $20M (real) Modeled valuation $297M (est)Series B2021Series C · 2022-03-04 Raised $56M (real) Modeled valuation $687M (est)Series C2022Series C · 2022-03-04 Raised $40M (real) Modeled valuation $494M (est)Series C2022Series B · 2022-03-04 Raised $16M (real) Modeled valuation $173M (est)Series B2022Series C · 2024-10-01 Raised $20M (real) Modeled valuation $144M (est)Series C2024Series C · 2024-11-12 Raised $16M (real) Modeled valuation $116M (est)Series C2024+$26M+$20M+$56M+$40M+$16M+$20M+$16MCumulative $196M

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
Seed$1.9M · 2011
Series B$25.9M · 2021no Series A on file
Series B extension$20.4M · 2021
Series C$55.9M · 2022
Series C extension$40.2M · 2022
Bridge · Series C-stage$15.7M · 2022smaller follow-on
Series C extension$19.6M · 2024
Series C extension$16.1M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$115.9M
Base estimate est.
$62.3M
Conservative case
$167.4M
Upside case
$107.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Seed · modeled $34.5M · 2011-03-282011Series B · modeled $378.7M · 2021-01-08Series B · modeled $297.3M · 2021-01-08Series C · modeled $687.1M · 2022-03-04Series C · modeled $494.1M · 2022-03-04Series B · modeled $172.6M · 2022-03-04Series C · modeled $144.5M · 2024-10-01Series C · modeled $115.9M · 2024-11-122024
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.22×/yr
Annual markup
1.40×/yr upside case
1.6 yr
Elapsed time used
1.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
23 mo
Avg between rounds
$8.8M/yr
Capital velocity
15.3 yr
On record since
2011
First round
8
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 58× above median
This company$119.4M
Sector median$2.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.3× of median
This company$16.1M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 6.6× above median
This company$115.9M
Sector median$17.7M

Raised more than 97% of sector peers (real $). Modeled value above 84% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #168 of 192.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Wild Type, Inc. · Series C Raised $115.6M · modeled $1.2B (est)Thingy Thing Inc. · Series C Raised $118.4M · modeled $1.2B (est)Intelycare, Inc. · Series C Raised $142.1M · modeled $1.2B (est)CertiK Global Ltd. · Series C Raised $233.4M · modeled $1.1B (est)Ivanhoe Electric Inc. · Series C Raised $157.6M · modeled $1.0B (est)Social Life Network, Inc. · Series C Raised $202.1M · modeled $1.0B (est)Ecoark Holdings, Inc. · Series C Raised $109.6M · modeled $1.0B (est)Marcella Golf Club LLC · Series C Raised $100.0M · modeled $1.0B (est)IAFD Holdings, LP · Series C Raised $88.4M · modeled $998.9M (est)CRB Topco LLC · Series C Raised $98.7M · modeled $995.4M (est)Alera Group Ultimate Holdings, LLC · Series C Raised $100.0M · modeled $992.9M (est)Redwire Corp · Series C Raised $80.8M · modeled $971.2M (est)Osisko Development Corp. (this company) Raised $119.4M · modeled $115.9M (est)Osisko Development Corp.
CompanyStageRaised · realValue · estvs peer med.
Wild Type, Inc.Series C$115.6M$1.2B2.33×
Thingy Thing Inc.Series C$118.4M$1.2B2.26×
Intelycare, Inc.Series C$142.1M$1.2B2.20×
CertiK Global Ltd.Series C$233.4M$1.1B2.00×
Ivanhoe Electric Inc.Series C$157.6M$1.0B1.95×
Social Life Network, Inc.Series C$202.1M$1.0B1.91×
Ecoark Holdings, Inc.Series C$109.6M$1.0B1.88×
Marcella Golf Club LLCSeries C$100.0M$1.0B1.88×
IAFD Holdings, LPSeries C$88.4M$998.9M1.87×
CRB Topco LLCSeries C$98.7M$995.4M1.86×
Alera Group Ultimate Holdings, LLCSeries C$100.0M$992.9M1.86×
Redwire CorpSeries C$80.8M$971.2M1.82×
Osisko Development Corp. this companySeries C$119.4M$115.9M0.22×
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.
Seed$1.9M2011-03-28$9.3M$34.5M85%
Series B$25.9M2021-01-08$144.1M$378.7M90%
Series B$20.4M2021-01-08$113.2M$297.3M90%
Series C$55.9M2022-03-04$372.7M$687.1M90%
Series C$40.2M2022-03-04$268.0M$494.1M90%
Series B$15.7M2022-03-04$87.3M$172.6M90%
Series C$19.6M2024-10-01$130.9M$144.5M90%
Series C$16.1M2024-11-12$107.4M$115.9M90%
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. Seed$1.9M2011-03-28
    • First recorded raise — entered as Seed.
    • 19 investors on this round.
  2. Series B$25.9M2021-01-08
    • Raised again after 117 mo — slower than the ~11 mo sector norm.
    • Round 14.0× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 06).
    • 533 investors on this round.
  3. Series B$20.4M2021-01-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 424 investors on this round.
  4. Series C$55.9M2022-03-04
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 930 investors on this round.
  5. Series C$40.2M2022-03-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 740 investors on this round.
  6. Series B$15.7M2022-03-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.6× smaller than the prior — bridge or down round.
    • 190 investors on this round.
  7. Series C$19.6M2024-10-01
    • Raised again after 31 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 219 investors on this round.
  8. Series C$16.1M2024-11-12
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 12 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~23mo cadence
$16.1M
Modeled next size est.range $16.1M$25.8M
0.8×
Last step-up
$8.8M/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
Michele McCarthy4 other2021-01
Sean Roosen3 other2021-01
David Danziger2 other2024-10
Duncan Middlemiss2 other2021-01
Eric Tremblay2 other2021-01
Luc Lessard2 other2021-01
Simon Tam2 other2011-03
Alexander Dann1 other2022-03
Charles Page1 other2021-01
John Burzynski1 other2021-01
Benoit Brunet2021-01
Cathy Lin2011-03
Chris Lodder2021-01
Chris Pharness2021-01
Derrick Strickland2011-03
Francois Vezina2021-01
Jean-Francois Lemonde2021-01
Joanne Ferstman2021-01
Laurence Farmer2024-10
Maggie Layman2021-01
Marina Katusa2022-03
Martin Menard2022-03
Mike Magrum2011-03
Registry & provenance

Osisko Development 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
1431852
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
Falco Resources Ltd.OtherSeed$8.0M$9.8Mnetwork3 shared operators · same sector
Osisko Exploration LteeOtherSeries D+$135.6M$2.3Bnetwork1 shared operator · same sector
Swift Fuels, LlcOtherSeries C$92.0M$116.9Msame sector · same stage
BloomTech Inc.OtherSeries C$89.0M$121.8Msame sector · same stage
DineInFresh, Inc.OtherSeries C$87.4M$124.3Msame sector · same stage
Tuckahoe Holdings, LLCOtherSeries C$85.2M$115.8Msame sector · same stage
G2 Goldfields Inc.OtherSeries B$35.9M$29.2Mnetwork1 shared operator · same sector
Ship Hero, LLCOtherSeries C$60.8M$113.2Msame 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
Osisko Metals Inc.Other EnergySeries A$19.4M82%
OSP Embedded Holdings, LLCOtherSeries B$36.9M82%
Braavos, Inc.OtherSeed$66.3M82%
OS BIG, Inc.OtherPre-Seed$582K81%
OSG Group Holdings, Inc.OtherSeries D+$2.0B81%
Oxtale, Inc.OtherSeed$34.9M80%
PodCo, Inc.OtherSeed$20.4M80%
Socedo, Inc.OtherSeed$46.1M80%
Frequently asked
How much funding has Osisko Development Corp. raised?
Osisko Development Corp. has raised approximately $119.4M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Osisko Development Corp.'s estimated valuation?
Provath's modeled valuation for Osisko Development Corp. is approximately $115.9M (modeled range $62.3M–$167.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Osisko Development Corp. at?
Osisko Development Corp.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Tue Nov 12.
What does Osisko Development Corp. do and where is it based?
Osisko Development Corp. operates in the Other sector, based in MONTREAL.
Explore related

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