Diligence memo · auto-generated · as of July 2, 2026
Osisko Development Corp.
Osisko Development Corp. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Osisko Development Corp. operates in Other, based in MONTREAL.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Osisko Development Corp. has raised $119M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $56M on 2022-03-04.
Most recent recorded round closed around 2024-11-12.
Valuation (modeled)modeled
Provath models Osisko Development Corp. at approximately $116M (range $62M–$167M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.22× the median modeled value of Series C Other companies in 2022–2024 (192 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 23 months.
Last raise 20 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round was 1.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 97% of Other peers (25008 compared).
Modeled value ranks above 84% of those peers.
Closest niche peers: Wild Type, Inc., Thingy Thing Inc., Intelycare, Inc., CertiK Global Ltd., Ivanhoe Electric Inc..
Peoplefiled
23 named people on file across officers, directors and signatories.
Risks & flagsmixed
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.