Companies · Pharmaceuticals

Processa Pharmaceuticals, Inc.

HANOVER · Pharmaceuticals

Diligence memoA one-page analyst read on Processa Pharmaceuticals, Inc. — recommendation, valuation, rhythm, risks.
$29.0M
Total raised · real
11
Rounds
4.1×
Latest step-up
Top 28%
Sector rank · raised
Series A
Latest stage · inferred · Tue Feb 16 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Processa Pharmaceuticals, Inc. looks over-valued against its niche peers and is dormant 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.

Over-valued
  • Modeled value is 1.57× the median modeled value of Series A Pharmaceuticals companies in 2019–2021 (76 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.4 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal 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 Pharmaceuticals

Processa Pharmaceuticals, Inc. is one of 1613 Pharmaceuticals companies tracked from HANOVER. By capital raised it ranks in the upper tier (ahead of 73% 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
18
Investors (latest)
2021-02-16
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$125M$250M$375M$500MSeed · 2011-07-01 Raised $3.0M (real) Modeled valuation $114M (est)Seed2011Seed · 2012-08-06 Raised $1.5M (real) Modeled valuation $58M (est)Seed2012Seed · 2013-05-22 Raised $1.0M (real) Modeled valuation $38M (est)Seed2013Series A · 2013-07-01 Raised $4.5M (real) Modeled valuation $139M (est)Series A2013Series A · 2013-07-01 Raised $5.4M (real) Modeled valuation $167M (est)Series A2013Series A · 2013-07-15 Raised $2.2M (real) Modeled valuation $68M (est)Series A2013Series A · 2014-01-06 Raised $250K (real) Modeled valuation $7.7M (est)Series A2014Series A · 2014-01-08 Raised $175K (real) Modeled valuation $5.4M (est)Series A2014Series A · 2014-10-06 Raised $174K (real) Modeled valuation $5.4M (est)Series A2014Seed · 2017-10-04 Raised $2.6M (real) Modeled valuation $98M (est)Seed2017Series A · 2017-10-04 Raised $2.6M (real) Modeled valuation $80M (est)Series A2017Series A · 2018-05-15 Raised $2.5M (real) Modeled valuation $78M (est)Series A2018Series A · 2021-02-16 Raised $10M (real) Modeled valuation $239M (est)Series A2021Cumulative $36M

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$3.0M · 2011
Seed extension$1.5M · 2012
Seed extension$1.0M · 2013
Series A$4.5M · 2013
Series A extension$5.4M · 2013
Series A extension$2.2M · 2013
Series A extension$250K · 2014
Series A extension$175K · 2014
Series A extension$174K · 2014
Bridge · Series A-stage$2.6M · 2017smaller follow-on
Series A extension$2.6M · 2017
Series A extension$2.5M · 2018
Series A extension$10.2M · 2021

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: 67%.

Modeled valuation trajectory
$239.2M
Base estimate est.
$11.7M
Conservative case
$1.1B
Upside case
$46.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Seed · modeled $114.1M · 2011-07-012011Seed · modeled $57.8M · 2012-08-06Seed · modeled $38.0M · 2013-05-22Series A · modeled $139.4M · 2013-07-01Series A · modeled $167.2M · 2013-07-01Series A · modeled $67.6M · 2013-07-15Series A · modeled $7.7M · 2014-01-06Series A · modeled $5.4M · 2014-01-08Series A · modeled $5.4M · 2014-10-06Seed · modeled $98.1M · 2017-10-04Series A · modeled $79.9M · 2017-10-04Series A · modeled $78.2M · 2018-05-15Series A · modeled $239.2M · 2021-02-162021
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
46%
Survival probability
25% low · 63% high
1.57×/yr
Annual markup
1.97×/yr upside case
5.4 yr
Elapsed time used
5.4 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$3.0M/yr
Capital velocity
15.0 yr
On record since
2011
First round
13
Rounds on file
How it compares to the market

Benchmarked against 1613 companies in Pharmaceuticals. 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) 3.6× above median
This company$29.0M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.0× above median
This company$10.2M
Sector median$5.2M
Modeled value — vs sector median (estimate, all stages) 3.1× above median
This company$239.2M
Sector median$76.1M

Raised more than 73% of sector peers (real $). Modeled value above 71% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #15 of 76.

This companyCohort peer
$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Xynomic Pharmaceuticals Holdings, Inc. · Series A Raised $15.0M · modeled $464.6M (est)Honest Globe Inc. · Series A Raised $15.0M · modeled $464.6M (est)Athenen Therapeutics, Inc. · Series A Raised $12.0M · modeled $371.7M (est)Zomedica Pharmaceuticals Corp. · Series A Raised $25.6M · modeled $371.7M (est)CerSci Therapeutics Inc. · Series A Raised $12.0M · modeled $371.7M (est)Rational Vaccines, Inc. · Series A Raised $27.8M · modeled $363.5M (est)Primmune Therapeutics, Inc. · Series A Raised $20.1M · modeled $350.3M (est)Aytu Bioscience, Inc · Series A Raised $28.8M · modeled $309.7M (est)Solaris Pharma Corp · Series A Raised $23.4M · modeled $309.7M (est)Ally Therapeutics, Inc. · Series A Raised $10.0M · modeled $309.7M (est)Avitide, Inc. · Series A Raised $40.9M · modeled $309.7M (est)PharmAbbie, Inc. · Series A Raised $15.0M · modeled $282.0M (est)Processa Pharmaceuticals, Inc. (this company) Raised $29.0M · modeled $239.2M (est)Processa Pharmaceuticals, Inc.
CompanyStageRaised · realValue · estvs peer med.
Xynomic Pharmaceuticals Holdings, Inc.Series A$15.0M$464.6M3.05×
Honest Globe Inc.Series A$15.0M$464.6M3.05×
Athenen Therapeutics, Inc.Series A$12.0M$371.7M2.44×
Zomedica Pharmaceuticals Corp.Series A$25.6M$371.7M2.44×
CerSci Therapeutics Inc.Series A$12.0M$371.7M2.44×
Rational Vaccines, Inc.Series A$27.8M$363.5M2.38×
Primmune Therapeutics, Inc.Series A$20.1M$350.3M2.30×
Aytu Bioscience, IncSeries A$28.8M$309.7M2.03×
Solaris Pharma CorpSeries A$23.4M$309.7M2.03×
Ally Therapeutics, Inc.Series A$10.0M$309.7M2.03×
Avitide, Inc.Series A$40.9M$309.7M2.03×
PharmAbbie, Inc.Series A$15.0M$282.0M1.85×
Processa Pharmaceuticals, Inc. this companySeries A$29.0M$239.2M1.57×
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$3.0M2011-07-01$15.0M$114.1M85%
Seed$1.5M2012-08-06$7.6M$57.8M85%
Seed$1.0M2013-05-22$5.0M$38.0M85%
Series A$4.5M2013-07-01$20.5M$139.4M85%
Series A$5.4M2013-07-01$24.5M$167.2M85%
Series A$2.2M2013-07-15$9.9M$67.6M85%
Series A$250K2014-01-06$1.1M$7.7M85%
Series A$175K2014-01-08$795K$5.4M85%
Series A$174K2014-10-06$790K$5.4M85%
Seed$2.6M2017-10-04$12.9M$98.1M90%
Series A$2.6M2017-10-04$11.7M$79.9M90%
Series A$2.5M2018-05-15$11.5M$78.2M90%
Series A$10.2M2021-02-16$46.5M$239.2M90%
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$3.0M2011-07-01
    • First recorded raise — entered as Seed.
  2. Seed$1.5M2012-08-06
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 44 investors on this round.
  3. Seed$1.0M2013-05-22
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • Switched to Rule 06 (was Rule 505).
    • 7 investors on this round.
  4. Series A$4.5M2013-07-01
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 4.5× larger than the prior — scaling up.
  5. Series A$5.4M2013-07-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  6. Series A$2.2M2013-07-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.5× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 51 investors on this round.
  7. Series A$250K2014-01-06
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 8.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  8. Series A$175K2014-01-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  9. Series A$174K2014-10-06
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
  10. Seed$2.6M2017-10-04
    • Raised again after 36 mo — slower than the ~13 mo sector norm.
    • Round 14.8× larger than the prior — scaling up.
    • Revenue band moved $0–$1M → No revenue.
    • 23 investors on this round.
  11. Series A$2.6M2017-10-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 23 investors on this round.
  12. Series A$2.5M2018-05-15
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 33 investors on this round.
  13. Series A$10.2M2021-02-16
    • Raised again after 33 mo — slower than the ~13 mo sector norm.
    • Round 4.1× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 18 investors on this round.
Intelligence
2021 ~Q4
Modeled next raise · ~10mo cadence
$30.7M
Modeled next size est.range $20.0M$49.1M
4.1×
Last step-up
$3.0M/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
David Young15 other2017-10
Justin Yorke4 other2011-07
Virgil Thompson3 other2017-10
Gus Blass, III1 other2013-05
Larry Griffin1 other2011-07
Reginald Greenslade1 other2012-08
Alex Kramer2014-10
Allen Dodge2012-08
David Dworsky2014-01
Donald Larson2012-08
Geraldine W. Pannu2021-02
Helen W. Pentikis2018-05
Hugh Wolff2011-07
James W. Stanker2021-02
Justin W. Yorke2018-05
Justin York2017-10
Khalid W. Islam2021-02
Michael W. Floyd2021-02
Patrick Lin2017-10
Richard Giles2011-07
Sian W. Bigora2018-05
Stephen Garland2011-07
Virgil W. Thompson2018-05
Wendy W. Guy2018-05
Registry & provenance

Processa Pharmaceuticals, 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
1533743
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
Aradigm CorpPharmaceuticalsSeries B$27.1M$782.1Mnetwork1 shared operator · same sector
Harrow Health, Inc.PharmaceuticalsSeries A$29.2M$226.5Msame sector · same stage
Aytu Bioscience, IncPharmaceuticalsSeries A$28.8M$309.7Msame sector · same stage
Zosano Pharma CorpPharmaceuticalsSeries A$29.7M$233.4Msame sector · same stage
Blue Rabbit Ventures, Inc.PharmaceuticalsSeries A$28.2M$219.6Msame sector · same stage
Tetralogic Pharmaceuticals CorpPharmaceuticalsSeries A$27.9M$154.9Msame sector · same stage
Rational Vaccines, Inc.PharmaceuticalsSeries A$27.8M$363.5Msame sector · same stage
Receptos, Inc. (f.k.a. Receptor Pharmaceuticals Inc.)PharmaceuticalsSeries A$30.5M$334.7Msame 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
Acta Pharmaceuticals, Inc.PharmaceuticalsSeries A$121.5M79%
BioIntervene, Inc.PharmaceuticalsSeries A$115.0M79%
Complexa Inc.PharmaceuticalsSeries C$386.0M79%
Biosortia Pharmaceuticals, Inc.PharmaceuticalsSeed$25.7M79%
Diffusion Pharmaceuticals Inc.PharmaceuticalsSeries C$26.3M78%
PharmID, Inc.PharmaceuticalsSeries A$154.9M78%
Process Solutions CorpOther TechnologyPre-Seed$5.4M78%
Coordination Pharmaceuticals Inc.BiotechnologySeries B$433.3M78%
Frequently asked
How much funding has Processa Pharmaceuticals, Inc. raised?
Processa Pharmaceuticals, Inc. has raised approximately $29.0M in disclosed capital across 11 recorded financing rounds, aggregated from public filings.
What is Processa Pharmaceuticals, Inc.'s estimated valuation?
Provath's modeled valuation for Processa Pharmaceuticals, Inc. is approximately $239.2M (modeled range $11.7M–$1.1B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Processa Pharmaceuticals, Inc. at?
Processa Pharmaceuticals, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Feb 16.
What does Processa Pharmaceuticals, Inc. do and where is it based?
Processa Pharmaceuticals, Inc. operates in the Pharmaceuticals sector, based in HANOVER.
Explore related

See where Processa Pharmaceuticals, 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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