Companies · Biotechnology

PhotonPharma, Inc.

FORT COLLINS · Biotechnology

Diligence memoA one-page analyst read on PhotonPharma, Inc. — recommendation, valuation, rhythm, risks.
$3.3M
Total raised · real
2
Rounds
0.1×
Latest step-up
Top 66%
Sector rank · raised
Seed
Latest stage · inferred · Tue May 07 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

PhotonPharma, Inc. 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. 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.

Under-valued
  • Modeled value is 0.13× the median modeled value of Seed Biotechnology companies in 2022–2024 (207 peers) — value vs value, same stage and era.
Quiet
  • Last raise 2.2 yr 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

PhotonPharma, Inc. is one of 4293 Biotechnology companies tracked from FORT COLLINS. By capital raised it ranks in the long tail (ahead of 35% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
2
Investors (latest)
2024-05-07
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$100MSeed · 2022-01-31 Raised $1.8M (real) Modeled valuation $34M (est)$1.8M$34MSeed2022Seed · 2022-01-31 Raised $2.9M (real) Modeled valuation $54M (est)$2.9M$54MSeed2022Seed · 2024-05-07 Raised $350K (real) Modeled valuation $1.8M (est)$350K$1.8MSeed2024+$2.9M+$350KCumulative $5.1M

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$1.8M · 2022
Seed extension$2.9M · 2022
Seed extension$350K · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$1.8M
Base estimate est.
$252K
Conservative case
$5.1M
Upside case
$1.7M
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 biotech sector profile. Directional, not a quoted figure.

Seed · modeled $33.8M · 2022-01-312022Seed · modeled $53.7M · 2022-01-31Seed · modeled $1.8M · 2024-05-072024
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
32%
Survival probability
14% low · 50% high
1.74×/yr
Annual markup
2.28×/yr upside case
2.1 yr
Elapsed time used
2.1 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$1.4M/yr
Capital velocity
4.4 yr
On record since
2022
First round
3
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) 0.5× of median
This company$3.3M
Sector median$7.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.2× of median
This company$350K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$1.8M
Sector median$64.2M

Raised more than 35% of sector peers (real $). Modeled value above 5% 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 #194 of 207.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Mesentech Inc. · Seed Raised $3.9M · modeled $65.7M (est)Marlinspike Therapeutics, Inc. · Seed Raised $3.5M · modeled $64.4M (est)Microbial Machines, Inc. · Seed Raised $3.9M · modeled $63.7M (est)Pearl Diagnostics, Inc. · Seed Raised $3.5M · modeled $62.9M (est)Crossfire Medical Inc · Seed Raised $3.0M · modeled $57.5M (est)Design Pharmaceuticals, Inc. · Seed Raised $3.0M · modeled $57.0M (est)Tekv Holdings LLC · Seed Raised $4.0M · modeled $55.5M (est)Mi-Helper, Inc. · Seed Raised $4.0M · modeled $50.9M (est)Thelium Therapeutics Inc. · Seed Raised $3.1M · modeled $50.7M (est)Turtle Health, Inc. · Seed Raised $2.7M · modeled $49.1M (est)Accufix Holdings, Inc. · Seed Raised $4.2M · modeled $46.7M (est)Kyttaro Ltd · Seed Raised $5.2M · modeled $45.5M (est)PhotonPharma, Inc. (this company) Raised $3.3M · modeled $1.8M (est)PhotonPharma, Inc.
CompanyStageRaised · realValue · estvs peer med.
Mesentech Inc.Seed$3.9M$65.7M4.61×
Marlinspike Therapeutics, Inc.Seed$3.5M$64.4M4.52×
Microbial Machines, Inc.Seed$3.9M$63.7M4.47×
Pearl Diagnostics, Inc.Seed$3.5M$62.9M4.41×
Crossfire Medical IncSeed$3.0M$57.5M4.04×
Design Pharmaceuticals, Inc.Seed$3.0M$57.0M4.00×
Tekv Holdings LLCSeed$4.0M$55.5M3.89×
Mi-Helper, Inc.Seed$4.0M$50.9M3.58×
Thelium Therapeutics Inc.Seed$3.1M$50.7M3.56×
Turtle Health, Inc.Seed$2.7M$49.1M3.45×
Accufix Holdings, Inc.Seed$4.2M$46.7M3.28×
Kyttaro LtdSeed$5.2M$45.5M3.20×
PhotonPharma, Inc. this companySeed$3.3M$1.8M0.13×
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$1.8M2022-01-31$9.1M$33.8M90%
Seed$2.9M2022-01-31$14.5M$53.7M90%
Seed$350K2024-05-07$1.7M$1.8M90%
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$1.8M2022-01-31
    • First recorded raise — entered as Seed.
    • 8 investors on this round.
  2. Seed$2.9M2022-01-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× larger than the prior — scaling up.
    • 8 investors on this round.
  3. Seed$350K2024-05-07
    • Raised again after 27 mo — slower than the ~14 mo sector norm.
    • Round 8.3× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~14mo cadence
$350K
Modeled next size est.range $350K$560K
0.1×
Last step-up
$1.4M/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
Milton Chang3 other2022-01
Terry Opgenorth2 other2022-01
Alan Rudolph2022-01
Gary Gordon2022-01
Raymond Goodrich2022-01
Wolfgang Baiker2022-01
Registry & provenance

PhotonPharma, 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
1914950
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
iOncologi, Inc.BiotechnologySeed$3.3M$756Ksame sector · same stage
Liquet Medical Inc.BiotechnologySeed$3.2M$3.9Msame sector · same stage
Immunoprofile, LlcBiotechnologySeed$3.2M$675Ksame sector · same stage
CARI Health, Inc.BiotechnologySeed$3.4M$275Ksame sector · same stage
Axenic Health Solutions, Inc.BiotechnologySeed$3.4M$451Ksame sector · same stage
American Gene Technologies International Inc.BiotechnologySeed$3.1M$715Ksame sector · same stage
Native Cardio, Inc.BiotechnologySeed$3.1M$506Ksame sector · same stage
Vitazi.AI, Inc.BiotechnologySeed$3.5M$1.1Msame 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
Neuropharma, Inc.BiotechnologySeed$74.1M86%
OpticSurg Inc.BiotechnologyPre-Seed$13.8M86%
OptoVista Holdings, LLCBiotechnologySeries A$34.3M85%
Photomedics Inc.BiotechnologySeed$42.6M85%
CancerVAX, Inc.BiotechnologyPre-Seed$7.2M85%
RayzeBio, Inc.BiotechnologySeries D+$3.4B85%
First Light Biosciences Inc.BiotechnologySeed$133.2M84%
Insight Optics, Inc.BiotechnologyPre-Seed$16.8M84%
Frequently asked
How much funding has PhotonPharma, Inc. raised?
PhotonPharma, Inc. has raised approximately $3.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is PhotonPharma, Inc.'s estimated valuation?
Provath's modeled valuation for PhotonPharma, Inc. is approximately $1.8M (modeled range $252K–$5.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is PhotonPharma, Inc. at?
PhotonPharma, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue May 07.
What does PhotonPharma, Inc. do and where is it based?
PhotonPharma, Inc. operates in the Biotechnology sector, based in FORT COLLINS.
Explore related

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

Is this your company?

If you work at PhotonPharma, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.