Companies · Biotechnology

Outlook Therapeutics, Inc.

ISELIN · Biotechnology

Diligence memoA one-page analyst read on Outlook Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$213.0M
Total raised · real
12
Rounds
6.4×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Fri Jan 17 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Outlook Therapeutics, Inc. looks fair 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. 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 1.20× the median modeled value of Series C Biotechnology companies in 2025–2027 (58 peers) — value vs value, same stage and era.
  • Within the normal band (120% of peer median) for its niche.
Quiet
  • Last raise 17 mo ago; this sector typically re-raises about every 14 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 Biotechnology

Outlook Therapeutics, Inc. is one of 4293 Biotechnology companies tracked from ISELIN. 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
10
Investors (latest)
2025-01-17
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$500M$1.0B$1.5B$2.0BSeries B · 2015-06-05 Raised $31M (real) Modeled valuation $1.2B (est)Series B2015Series B · 2015-09-28 Raised $14M (real) Modeled valuation $575M (est)Series B2015Series B · 2015-12-08 Raised $6.3M (real) Modeled valuation $252M (est)Series B2015Series B · 2017-09-11 Raised $3.3M (real) Modeled valuation $129M (est)Series B2017Series B · 2020-02-24 Raised $8.0M (real) Modeled valuation $316M (est)Series B2020Series B · 2020-06-02 Raised $16M (real) Modeled valuation $635M (est)Series B2020Series B · 2021-02-03 Raised $4.0M (real) Modeled valuation $124M (est)Series B2021Series B · 2022-12-28 Raised $1.0M (real) Modeled valuation $14M (est)Series B2022Series B · 2022-12-28 Raised $32M (real) Modeled valuation $434M (est)Series B2022Series C · 2024-03-18 Raised $60M (real) Modeled valuation $597M (est)Series C2024Series C · 2024-04-15 Raised $5.0M (real) Modeled valuation $48M (est)Series C2024Series C · 2025-01-17 Raised $32M (real) Modeled valuation $232M (est)Series C2025Cumulative $213M

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
Series B$31.1M · 2015
Series B extension$14.5M · 2015
Series B extension$6.3M · 2015
Series B extension$3.3M · 2017
Series B extension$8.0M · 2020
Series B extension$16.0M · 2020
Series B extension$4.0M · 2021
Series B extension$1.0M · 2022
Series B extension$31.8M · 2022
Series C$60.0M · 2024
Series C extension$5.0M · 2024
Series C extension$32.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$231.5M
Base estimate est.
$98.9M
Conservative case
$326.3M
Upside case
$213.2M
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 scaled by the biotech sector profile. Directional, not a quoted figure.

Series B · modeled $1.2B · 2015-06-052015Series B · modeled $574.7M · 2015-09-28Series B · modeled $251.9M · 2015-12-08Series B · modeled $129.5M · 2017-09-11Series B · modeled $316.4M · 2020-02-24Series B · modeled $635.0M · 2020-06-02Series B · modeled $123.5M · 2021-02-03Series B · modeled $14.1M · 2022-12-28Series B · modeled $433.8M · 2022-12-28Series C · modeled $597.2M · 2024-03-18Series C · modeled $48.3M · 2024-04-15Series C · modeled $231.5M · 2025-01-172025
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
62%
Survival probability
46% low · 72% high
1.46×/yr
Annual markup
1.68×/yr upside case
1.4 yr
Elapsed time used
1.4 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$22.1M/yr
Capital velocity
11.1 yr
On record since
2015
First round
12
Rounds on file
How it compares to the market

Benchmarked against 4293 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) 30× above median
This company$213.0M
Sector median$7.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.7× of median
This company$32.0M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 3.6× above median
This company$231.5M
Sector median$64.2M

Raised more than 97% of sector peers (real $). Modeled value above 74% 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 #27 of 58.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Newleos Therapeutics, Inc. · Series C Raised $93.4M · modeled $659.9M (est)Biolinq Inc · Series C Raised $247.4M · modeled $619.1M (est)Atsena Therapeutics, Inc. · Series C Raised $146.0M · modeled $606.4M (est)Galvanize Therapeutics, Inc. · Series C Raised $150.7M · modeled $582.3M (est)X4 Pharmaceuticals, Inc · Series C Raised $320.3M · modeled $495.3M (est)Endless Corp · Series C Raised $79.0M · modeled $494.3M (est)Ikena Oncology, Inc. · Series C Raised $117.6M · modeled $449.1M (est)Imbria Pharmaceuticals, Inc. · Series C Raised $140.2M · modeled $406.0M (est)Bambusa Therapeutics, Inc. · Series C Raised $67.4M · modeled $375.4M (est)Plexium, Inc. · Series C Raised $60.1M · modeled $361.5M (est)Latigo Biotherapeutics, Inc. · Series C Raised $50.0M · modeled $357.9M (est)Neuros Medical, Inc. · Series C Raised $160.0M · modeled $338.5M (est)Outlook Therapeutics, Inc. (this company) Raised $213.0M · modeled $231.5M (est)Outlook Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Newleos Therapeutics, Inc.Series C$93.4M$659.9M3.43×
Biolinq IncSeries C$247.4M$619.1M3.22×
Atsena Therapeutics, Inc.Series C$146.0M$606.4M3.15×
Galvanize Therapeutics, Inc.Series C$150.7M$582.3M3.03×
X4 Pharmaceuticals, IncSeries C$320.3M$495.3M2.57×
Endless CorpSeries C$79.0M$494.3M2.57×
Ikena Oncology, Inc.Series C$117.6M$449.1M2.33×
Imbria Pharmaceuticals, Inc.Series C$140.2M$406.0M2.11×
Bambusa Therapeutics, Inc.Series C$67.4M$375.4M1.95×
Plexium, Inc.Series C$60.1M$361.5M1.88×
Latigo Biotherapeutics, Inc.Series C$50.0M$357.9M1.86×
Neuros Medical, Inc.Series C$160.0M$338.5M1.76×
Outlook Therapeutics, Inc. this companySeries C$213.0M$231.5M1.20×
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.
Series B$31.1M2015-06-05$172.5M$1.2B85%
Series B$14.5M2015-09-28$80.4M$574.7M85%
Series B$6.3M2015-12-08$35.3M$251.9M85%
Series B$3.3M2017-09-11$18.1M$129.5M90%
Series B$8.0M2020-02-24$44.3M$316.4M90%
Series B$16.0M2020-06-02$88.9M$635.0M90%
Series B$4.0M2021-02-03$22.3M$123.5M90%
Series B$1.0M2022-12-28$5.7M$14.1M90%
Series B$31.8M2022-12-28$176.8M$433.8M90%
Series C$60.0M2024-03-18$400.0M$597.2M90%
Series C$5.0M2024-04-15$33.3M$48.3M90%
Series C$32.0M2025-01-17$213.2M$231.5M90%
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. Series B$31.1M2015-06-05
    • First recorded raise — entered as Series B.
    • 7 investors on this round.
  2. Series B$14.5M2015-09-28
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  3. Series B$6.3M2015-12-08
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  4. Series B$3.3M2017-09-11
    • Raised again after 21 mo — slower than the ~14 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  5. Series B$8.0M2020-02-24
    • Raised again after 29 mo — slower than the ~14 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • 7 investors on this round.
  6. Series B$16.0M2020-06-02
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Series B$4.0M2021-02-03
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  8. Series B$1.0M2022-12-28
    • Raised again after 23 mo — slower than the ~14 mo sector norm.
    • Round 3.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  9. Series B$31.8M2022-12-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 30.8× larger than the prior — scaling up.
    • 1 investor on this round.
  10. Series C$60.0M2024-03-18
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 21 investors on this round.
  11. Series C$5.0M2024-04-15
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 12.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  12. Series C$32.0M2025-01-17
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 6.4× larger than the prior — scaling up.
    • 10 investors on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~10mo cadence
$95.9M
Modeled next size est.range $62.4M$153.5M
6.4×
Last step-up
$22.1M/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
Todd Brady6 other2015-06
Pankaj Mohan2 other2015-06
Randy H. Thurman2 other2022-12
Todd C. Brady2 other2015-12
Donald Griffith1 other2015-06
Lawrence A. Kenyon1 other2020-02
Yezan Haddadin1 other2020-02
Albert D. Dyrness2015-12
Andong G. Huang2021-02
C. Russell Trenary2022-12
Donald J. Griffith2015-12
Elizabeth A. Yamashita2017-09
Faisal G. Sukhtian2017-09
Gerd G. Auffarth2020-06
Jeff A. Evanson2025-01
Jeff G. Evanson2020-02
Jeff Russell Evanson2024-03
Joe C. Thomas2017-09
Julia A. Haller2022-12
Julian G. Gangolli2020-06
Kenneth M. Bahrt2017-09
Kurt J. Hilzinger2015-12
Lawrence C. Kenyon2015-12
Lawrence Kenyon2015-09
Registry & provenance

Outlook 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
1649989
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.

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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
Rose Therapeutics, Inc.BiotechnologyPre-Seed$9.5M84%
Applied Therapeutics Inc.BiotechnologySeries C$1.0B82%
Genesis Therapeutics, Inc.BiotechnologySeries D+$3.3B82%
Sapience Therapeutics, Inc.BiotechnologySeries B$317.9M82%
Athena Therapeutics, LLCBiotechnologySeed$43.5M82%
Stoke Therapeutics, Inc.BiotechnologySeries C$3.7B82%
Imagine Pharma LlcBiotechnologyPre-Seed$3.5M82%
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Frequently asked
How much funding has Outlook Therapeutics, Inc. raised?
Outlook Therapeutics, Inc. has raised approximately $213.0M in disclosed capital across 12 recorded financing rounds, aggregated from public filings.
What is Outlook Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Outlook Therapeutics, Inc. is approximately $231.5M (modeled range $98.9M–$326.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Outlook Therapeutics, Inc. at?
Outlook Therapeutics, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Jan 17.
What does Outlook Therapeutics, Inc. do and where is it based?
Outlook Therapeutics, Inc. operates in the Biotechnology sector, based in ISELIN.
Explore related

See where Outlook Therapeutics, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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