Companies · Biotechnology

Q-State PainCo, Inc.

CAMBRIDGE · Biotechnology

Diligence memoA one-page analyst read on Q-State PainCo, Inc. — recommendation, valuation, rhythm, risks.→
$2.0M
Total raised · real
1
Rounds
—
Latest step-up
Top 73%
Sector rank · raised
Seed
Latest stage · inferred · Thu Oct 04 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Q-State PainCo, Inc. looks fair 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 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 1.25× the median modeled value of Seed Biotechnology companies in 2016–2018 (175 peers) — value vs value, same stage and era.
  • Within the normal band (125% of peer median) for its niche.
Dormant
  • Last raise 7.7 yr ago; this sector typically re-raises about every 14 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

Q-State PainCo, Inc. is one of 4293 Biotechnology companies tracked from CAMBRIDGE. By capital raised it ranks in the long tail (ahead of 28% of sector peers), and mid-pack 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
6
Investors (latest)
2018
Year incorporated
2018-10-04
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 · 2018-10-04 Raised $2.0M (real) Modeled valuation $89M (est)$2.0M$89MSeed2018

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$2.0M · 2018

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
$88.8M
Base estimate est.
$1.4M
Conservative case
$696.8M
Upside case
$10.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seed — a $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

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
6.0 yr
Elapsed time used
7.7 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
8.0 yr
On record since
2018
First round
1
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)▼ 0.3× of median
This company$2.0M
Sector median$7.2M
Latest round — vs other Seed rounds in sector (real $, this stage)▲ 1.2× above median
This company$2.0M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages)▲ 1.4× above median
This company$88.8M
Sector median$64.2M

Raised more than 28% of sector peers (real $). Modeled value above 56% 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 #72 of 175.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Mimedx Group, Inc. · Seed Raised $8.2M · modeled $177.6M (est)Kenjockety Biotechnology, LLC · Seed Raised $4.0M · modeled $177.6M (est)Helocyte, Inc. · Seed Raised $4.0M · modeled $177.5M (est)CytoDel, INC. · Seed Raised $4.1M · modeled $173.4M (est)Finch Therapeutics, Inc. · Seed Raised $4.5M · modeled $165.8M (est)Cordex Systems, Inc · Seed Raised $6.4M · modeled $164.2M (est)Viking Therapeutics, Inc. · Seed Raised $3.7M · modeled $162.3M (est)Escalier Biosciences B.V. · Seed Raised $3.5M · modeled $155.4M (est)Corino Therapeutics, Inc. · Seed Raised $3.5M · modeled $154.3M (est)Captozyme Inc. · Seed Raised $3.4M · modeled $151.0M (est)BluDiagnostics, Inc. · Seed Raised $4.5M · modeled $151.0M (est)FORGE Life Science, LLC · Seed Raised $3.6M · modeled $149.5M (est)Q-State PainCo, Inc. (this company) Raised $2.0M · modeled $88.8M (est)Q-State PainCo, Inc.
CompanyStageRaised · realValue · estvs peer med.
Mimedx Group, Inc.Seed$8.2M$177.6M2.50×
Kenjockety Biotechnology, LLCSeed$4.0M$177.6M2.50×
Helocyte, Inc.Seed$4.0M$177.5M2.50×
CytoDel, INC.Seed$4.1M$173.4M2.44×
Finch Therapeutics, Inc.Seed$4.5M$165.8M2.33×
Cordex Systems, IncSeed$6.4M$164.2M2.31×
Viking Therapeutics, Inc.Seed$3.7M$162.3M2.28×
Escalier Biosciences B.V.Seed$3.5M$155.4M2.19×
Corino Therapeutics, Inc.Seed$3.5M$154.3M2.17×
Captozyme Inc.Seed$3.4M$151.0M2.12×
BluDiagnostics, Inc.Seed$4.5M$151.0M2.12×
FORGE Life Science, LLCSeed$3.6M$149.5M2.10×
Q-State PainCo, Inc. this companySeed$2.0M$88.8M1.25×
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$2.0M2018-10-04$10.0M$88.8M90%
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$2.0M2018-10-04
    • First recorded raise — entered as Seed.
    • 6 investors on this round.
Intelligence
—
Modeled next raise
$3.2M
Modeled next size est.range $2.1M–$5.1M
—
Last step-up
—
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 Margulies—1 other2018-10
Registry & provenance

Q-State PainCo, 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
1756810
SEC CIK
2018
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
Amide Technologies, Inc.BiotechnologySeed$2.0M$88.8Msame sector · same stage
Biogix, Inc.BiotechnologySeed$2.0M$88.8Msame sector · same stage
Boston Biomedical IncBiotechnologySeed$2.0M$88.8Msame sector · same stage
Cellular Bioengineering IncBiotechnologySeed$2.0M$88.8Msame sector · same stage
CleanBreak, Inc.BiotechnologySeed$2.0M$88.8Msame sector · same stage
Convoy Therapeutics Inc.BiotechnologySeed$2.0M$88.8Msame sector · same stage
Mercator Therapeutics, Inc.BiotechnologySeed$2.0M$88.8Msame sector · same stage
Mirimus, Inc.BiotechnologySeed$2.0M$88.8Msame 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
Q-State Holdings, Inc.BiotechnologySeries C$869.1M90%
Painqx, Inc.BiotechnologySeed$21.6M90%
Q Labs Holdings, Inc.BiotechnologySeries A$188.0M86%
Q BioMed Inc.BiotechnologySeed$44.4M84%
Painreform Ltd.BiotechnologySeries A$156.0M84%
QSAM Biosciences, Inc.BiotechnologySeries A$11.3M83%
Qlaris Bio, Inc.BiotechnologySeries B$22.4M82%
Qnovia, Inc.BiotechnologySeries B$88.1M82%
Frequently asked
How much funding has Q-State PainCo, Inc. raised?
Q-State PainCo, Inc. has raised approximately $2.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Q-State PainCo, Inc.'s estimated valuation?
Provath's modeled valuation for Q-State PainCo, Inc. is approximately $88.8M (modeled range $1.4M–$696.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Q-State PainCo, Inc. at?
Q-State PainCo, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Oct 04.
What does Q-State PainCo, Inc. do and where is it based?
Q-State PainCo, Inc. operates in the Biotechnology sector, based in CAMBRIDGE.
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