Companies · Biotechnology

Qualigen Therapeutics, Inc.

CARLSBAD · Biotechnology

Diligence memoA one-page analyst read on Qualigen Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$27.9M
Total raised · real
8
Rounds
0.9×
Latest step-up
Top 28%
Sector rank · raised
Series A
Latest stage · inferred · Mon Jul 28 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Qualigen Therapeutics, Inc. looks fair against its niche peers and is active 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 0.90× the median modeled value of Series A Biotechnology companies in 2025–2027 (157 peers) — value vs value, same stage and era.
  • Within the normal band (90% of peer median) for its niche.
Active
  • Last raise 11 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Qualigen Therapeutics, Inc. is one of 4293 Biotechnology companies tracked from CARLSBAD. By capital raised it ranks in the upper tier (ahead of 73% 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
14
Investors (latest)
2025-07-28
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$500MPre-Seed · 2009-08-07 Raised $1.0M (real) Modeled valuation $55M (est)Pre-Seed2009Pre-Seed · 2010-03-04 Raised $453K (real) Modeled valuation $25M (est)Pre-Seed2010Pre-Seed · 2010-09-23 Raised $250K (real) Modeled valuation $14M (est)Pre-Seed2010Seed · 2010-11-17 Raised $2.0M (real) Modeled valuation $87M (est)Seed2010Series A · 2010-11-17 Raised $7.4M (real) Modeled valuation $266M (est)Series A2010Series A · 2010-11-17 Raised $5.8M (real) Modeled valuation $210M (est)Series A2010Series A · 2012-02-08 Raised $526K (real) Modeled valuation $19M (est)Series A2012Series A · 2014-12-04 Raised $3.7M (real) Modeled valuation $134M (est)Series A2014Series A · 2018-11-05 Raised $6.0M (real) Modeled valuation $217M (est)Series A2018Series A · 2024-11-18 Raised $5.1M (real) Modeled valuation $22M (est)Series A2024Series A · 2025-07-28 Raised $4.5M (real) Modeled valuation $14M (est)Series A2025Cumulative $37M

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$1.0M · 2009
Pre-Seed extension$453K · 2010
Pre-Seed extension$250K · 2010
Seed$2.0M · 2010
Series A$7.4M · 2010
Series A extension$5.8M · 2010
Series A extension$526K · 2012
Series A extension$3.7M · 2014
Series A extension$6.0M · 2018
Series A extension$5.1M · 2024
Series A extension$4.5M · 2025

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$14.1M
Base estimate est.
$4.9M
Conservative case
$23.8M
Upside case
$20.5M
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 biotech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $55.2M · 2009-08-072009Pre-Seed · modeled $25.0M · 2010-03-04Pre-Seed · modeled $13.8M · 2010-09-23Seed · modeled $86.6M · 2010-11-17Series A · modeled $266.3M · 2010-11-17Series A · modeled $209.7M · 2010-11-17Series A · modeled $19.0M · 2012-02-08Series A · modeled $133.5M · 2014-12-04Series A · modeled $216.9M · 2018-11-05Series A · modeled $22.3M · 2024-11-18Series A · modeled $14.1M · 2025-07-282025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
44%
Survival probability
24% low · 60% high
1.62×/yr
Annual markup
2.04×/yr upside case
0.9 yr
Elapsed time used
0.9 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$1.7M/yr
Capital velocity
16.9 yr
On record since
2009
First round
11
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) 3.9× above median
This company$27.9M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.8× of median
This company$4.5M
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$14.1M
Sector median$64.2M

Raised more than 73% of sector peers (real $). Modeled value above 24% 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 #87 of 157.

This companyCohort peer
$10.0M$100.0M$10.0M$100.0MCapital raised (log)Acasti Pharma Inc. · Series A Raised $23.0M · modeled $58.6M (est)Edesa Biotech, Inc. · Series A Raised $36.9M · modeled $58.5M (est)4DMedical Ltd · Series A Raised $15.0M · modeled $50.7M (est)Arialys Therapeutics, Inc. · Series A Raised $29.1M · modeled $49.2M (est)Nuclein, LLC · Series A Raised $34.5M · modeled $48.3M (est)Phantom Neuro Inc. · Series A Raised $15.4M · modeled $45.7M (est)Circulate Health, Inc. · Series A Raised $13.0M · modeled $43.3M (est)Biovantix Biotechnology, Inc · Series A Raised $15.0M · modeled $42.2M (est)Bariendo Inc. · Series A Raised $11.1M · modeled $40.9M (est)ENDRA Life Sciences Inc. · Series A Raised $26.8M · modeled $40.9M (est)Medici Therapeutics, Inc. · Series A Raised $14.8M · modeled $39.8M (est)Onconetix, Inc. · Series A Raised $22.0M · modeled $37.7M (est)Qualigen Therapeutics, Inc. (this company) Raised $27.9M · modeled $14.1M (est)Qualigen Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Acasti Pharma Inc.Series A$23.0M$58.6M3.75×
Edesa Biotech, Inc.Series A$36.9M$58.5M3.74×
4DMedical LtdSeries A$15.0M$50.7M3.24×
Arialys Therapeutics, Inc.Series A$29.1M$49.2M3.14×
Nuclein, LLCSeries A$34.5M$48.3M3.09×
Phantom Neuro Inc.Series A$15.4M$45.7M2.92×
Circulate Health, Inc.Series A$13.0M$43.3M2.77×
Biovantix Biotechnology, IncSeries A$15.0M$42.2M2.70×
Bariendo Inc.Series A$11.1M$40.9M2.61×
ENDRA Life Sciences Inc.Series A$26.8M$40.9M2.61×
Medici Therapeutics, Inc.Series A$14.8M$39.8M2.54×
Onconetix, Inc.Series A$22.0M$37.7M2.41×
Qualigen Therapeutics, Inc. this companySeries A$27.9M$14.1M0.90×
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$1.0M2009-08-07$5.6M$55.2M85%
Pre-Seed$453K2010-03-04$2.5M$25.0M85%
Pre-Seed$250K2010-09-23$1.4M$13.8M85%
Seed$2.0M2010-11-17$9.8M$86.6M85%
Series A$7.4M2010-11-17$33.5M$266.3M85%
Series A$5.8M2010-11-17$26.4M$209.7M85%
Series A$526K2012-02-08$2.4M$19.0M85%
Series A$3.7M2014-12-04$16.8M$133.5M85%
Series A$6.0M2018-11-05$27.3M$216.9M90%
Series A$5.1M2024-11-18$23.2M$22.3M90%
Series A$4.5M2025-07-28$20.5M$14.1M90%
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$1.0M2009-08-07
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$453K2010-03-04
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • Switched to Rule 06 (was Rule 505).
    • 1 investor on this round.
  3. Pre-Seed$250K2010-09-23
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  4. Seed$2.0M2010-11-17
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 7.8× larger than the prior — scaling up.
    • 8 investors on this round.
  5. Series A$7.4M2010-11-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 16 investors on this round.
  6. Series A$5.8M2010-11-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 06 (was Rule 506(b)).
    • 14 investors on this round.
  7. Series A$526K2012-02-08
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 11.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  8. Series A$3.7M2014-12-04
    • Raised again after 34 mo — slower than the ~14 mo sector norm.
    • Round 7.0× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 4 investors on this round.
  9. Series A$6.0M2018-11-05
    • Raised again after 47 mo — slower than the ~14 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 11 investors on this round.
  10. Series A$5.1M2024-11-18
    • Raised again after 72 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 33 investors on this round.
  11. Series A$4.5M2025-07-28
    • Raised 8 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 14 investors on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~19mo cadence
$4.5M
Modeled next size est.range $4.5M$7.2M
0.9×
Last step-up
$1.7M/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
Noah Doyle18 other2009-08
Paul V. Maier5 other2018-11
Braeden Lichti3 other2024-11
Graydon Bensler3 other2024-11
Matthew W. Foehr3 other2018-11
Andrew Ritter2 other2009-08
Campbell Becher2 other2024-11
Ira E. Ritter1 other2014-12
Ira Ritter1 other2009-08
Kevin Richardson II1 other2024-11
THOMAS ADAMEK1 other2012-02
ANDREW J. RITTER2010-11
Cody B. Price2025-07
Cody Price2024-11
IRA J. RITTER2010-11
John W. Beck2018-11
LEE J. WILLIAMS2010-11
Lee Williams2009-08
Michael D. Step2014-12
MIKE J. STEP2010-11
Noah E. Doyle2014-12
NOAH J. DOYLE2010-11
Robert B. Lim2025-07
Robert Lim2024-11
Registry & provenance

Qualigen 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
1460702
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
Quanta Therapeutics, Inc.BiotechnologySeries C$699.4M87%
MedGene Therapeutics, Inc.BiotechnologySeed$28.8M85%
Saliogen Therapeutics, Inc.BiotechnologySeries D+$3.4B84%
Qpex Biopharma, Inc.BiotechnologySeries B$1.1B84%
Denali Therapeutics Inc.BiotechnologyGrowth/Late$7.2B83%
VistaGen Therapeutics, Inc.BiotechnologySeries A$29.0M83%
Neogene Therapeutics, Inc.BiotechnologySeries D+$4.3B83%
CiVi Biopharma Holdings, Inc.BiotechnologySeries C$972.2M83%
Frequently asked
How much funding has Qualigen Therapeutics, Inc. raised?
Qualigen Therapeutics, Inc. has raised approximately $27.9M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Qualigen Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Qualigen Therapeutics, Inc. is approximately $14.1M (modeled range $4.9M–$23.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Qualigen Therapeutics, Inc. at?
Qualigen Therapeutics, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Jul 28.
What does Qualigen Therapeutics, Inc. do and where is it based?
Qualigen Therapeutics, Inc. operates in the Biotechnology sector, based in CARLSBAD.
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