Companies · Pharma

Pike Therapeutics Inc.

VANCOUVER · Pharma · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Pike Therapeutics Inc. — recommendation, valuation, rhythm, risks.
$275K
Total raised · real
2
Rounds
0.6×
Latest step-up
Top 77%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon Aug 21 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Pike Therapeutics Inc. looks under-valued 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 pharma 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 0.32× the median modeled value of Pre-Seed Pharma companies in 2022–2024 (15 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.9 yr ago; this sector typically re-raises about every 16 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 Pharma

Pike Therapeutics Inc. is one of 310 Pharma companies tracked from VANCOUVER. By capital raised it ranks in the long tail (ahead of 24% 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
2
Investors (latest)
2019
Year incorporated
2023-08-21
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2021-08-04 Raised $175K (real) Modeled valuation $4.4M (est)$175K$4.4MPre-Seed2021Pre-Seed · 2023-08-21 Raised $100K (real) Modeled valuation $751K (est)$100K$751KPre-Seed2023+$100KCumulative $275K

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$175K · 2021
Pre-Seed extension$100K · 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
$751K
Base estimate est.
$56K
Conservative case
$3.3M
Upside case
$556K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $4.4M · 2021-08-042021Pre-Seed · modeled $751K · 2023-08-212023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
25%
Survival probability
10% low · 46% high
1.80×/yr
Annual markup
2.44×/yr upside case
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
25 mo
Avg between rounds
$134K/yr
Capital velocity
4.9 yr
On record since
2021
First round
2
Rounds on file
How it compares to the market

Benchmarked against 310 companies in Pharma. 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) 0.0× of median
This company$275K
Sector median$6.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.3× of median
This company$100K
Sector median$307K
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$751K
Sector median$62.5M

Raised more than 24% of sector peers (real $). Modeled value above 19% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #14 of 15.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$10K$100K$1.0M$10.0MCapital raised (log)Acanna Therapeutics, Inc. · Pre-Seed Raised $1.0M · modeled $16.1M (est)Neural Therapeutics Inc. · Pre-Seed Raised $591K · modeled $11.0M (est)Insignis Therapeutics Inc. · Pre-Seed Raised $500K · modeled $4.2M (est)Atacama Therapeutics, Inc. · Pre-Seed Raised $830K · modeled $4.2M (est)Pharma Acuity, Inc. · Pre-Seed Raised $500K · modeled $3.9M (est)Arena Therapeutics OpCo, Inc. · Pre-Seed Raised $600K · modeled $2.8M (est)St. James Therapeutics Inc. · Pre-Seed Raised $350K · modeled $2.7M (est)Gaingels GC Therapeutics LLC · Pre-Seed Raised $340K · modeled $2.4M (est)Gladius Therapeutics, Inc. · Pre-Seed Raised $300K · modeled $2.3M (est)Aspicio Therapeutics, Inc. · Pre-Seed Raised $400K · modeled $1.9M (est)Sustained Therapeutics Inc. · Pre-Seed Raised $100K · modeled $1.3M (est)Gaingels Seismic Therapeutics LLC · Pre-Seed Raised $189K · modeled $1.2M (est)Pike Therapeutics Inc. (this company) Raised $275K · modeled $751K (est)Pike Therapeutics Inc.
CompanyStageRaised · realValue · estvs peer med.
Acanna Therapeutics, Inc.Pre-Seed$1.0M$16.1M6.74×
Neural Therapeutics Inc.Pre-Seed$591K$11.0M4.61×
Insignis Therapeutics Inc.Pre-Seed$500K$4.2M1.76×
Atacama Therapeutics, Inc.Pre-Seed$830K$4.2M1.75×
Pharma Acuity, Inc.Pre-Seed$500K$3.9M1.63×
Arena Therapeutics OpCo, Inc.Pre-Seed$600K$2.8M1.19×
St. James Therapeutics Inc.Pre-Seed$350K$2.7M1.12×
Gaingels GC Therapeutics LLCPre-Seed$340K$2.4M1.00×
Gladius Therapeutics, Inc.Pre-Seed$300K$2.3M0.96×
Aspicio Therapeutics, Inc.Pre-Seed$400K$1.9M0.78×
Sustained Therapeutics Inc.Pre-Seed$100K$1.3M0.56×
Gaingels Seismic Therapeutics LLCPre-Seed$189K$1.2M0.52×
Pike Therapeutics Inc. this companyPre-Seed$275K$751K0.32×
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$175K2021-08-04$972K$4.4M90%
Pre-Seed$100K2023-08-21$556K$751K90%
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$175K2021-08-04
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Pre-Seed$100K2023-08-21
    • Raised again after 25 mo — slower than the ~16 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~25mo cadence
$100K
Modeled next size est.range $100K$160K
0.6×
Last step-up
$134K/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
IAN FODIE2 other2021-08
BRADLEY MILES2021-08
MARK PURDY2021-08
Registry & provenance

Pike 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
1884336
SEC CIK
2019
Incorporated
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
Sante Veritas Therapeutics IncPharmaPre-Seed$267K$12.6Msame sector · same stage
Gladius Therapeutics, Inc.PharmaPre-Seed$300K$2.3Msame sector · same stage
Gxp Cdmo Biopharma LlcPharmaPre-Seed$250K$11.8Msame sector · same stage
Oxalo Therapeutics, Inc.PharmaPre-Seed$250K$11.8Msame sector · same stage
Gaingels Delix Therapeutics LLCPharmaPre-Seed$247K$5.3Msame sector · same stage
Hyka Therapeutics Inc.PharmaPre-Seed$307K$14.5Msame sector · same stage
King Therapeutics LLCPharmaPre-Seed$310K$807Ksame sector · same stage
Disrupt Pharma Tech Africa, Inc.PharmaPre-Seed$330K$15.6Msame 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
Comet Therapeutics, Inc.PharmaSeries A$435.3M90%
Pheast Therapeutics, Inc.PharmaSeries C$138.6M85%
Digital Therapeutics, Inc.PharmaSeries C$531.0M85%
Guide Therapeutics, Inc.PharmaSeries A$173.6M85%
Indapta Therapeutics Inc.PharmaSeries C$289.9M84%
Metavir Therapeutics, IncPharmaSeries A$197.2M83%
CASS Pharmaceuticals, Inc.Biotech / PharmaSeed$26.0M83%
Avery Therapeutics, Inc.PharmaPre-Seed$23.7M83%
Frequently asked
How much funding has Pike Therapeutics Inc. raised?
Pike Therapeutics Inc. has raised approximately $275K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Pike Therapeutics Inc.'s estimated valuation?
Provath's modeled valuation for Pike Therapeutics Inc. is approximately $751K (modeled range $56K–$3.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pike Therapeutics Inc. at?
Pike Therapeutics Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon Aug 21.
What does Pike Therapeutics Inc. do and where is it based?
Pike Therapeutics Inc. operates in the Pharma sector, based in VANCOUVER.
Explore related

See where Pike 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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