Companies · Biotechnology

Sanovas, Inc.

SAUSALITO · Biotechnology

Diligence memoA one-page analyst read on Sanovas, Inc. — recommendation, valuation, rhythm, risks.
$10.3M
Total raised · real
6
Rounds
0.3×
Latest step-up
Top 44%
Sector rank · raised
Series A
Latest stage · inferred · Tue Sep 01 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

Sanovas, Inc. looks under-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 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 0.22× the median modeled value of Series A Biotechnology companies in 2013–2015 (111 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.8 yr ago; this sector typically re-raises about every 14 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 Biotechnology

Sanovas, Inc. is one of 4293 Biotechnology companies tracked from SAUSALITO. By capital raised it ranks mid-pack (ahead of 57% 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
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 · 2010-04-16 Raised $2.1M (real) Modeled valuation $92M (est)$2.1M$92MSeed2010Pre-Seed · 2010-04-16 Raised $350K (real) Modeled valuation $19M (est)$350K$19MPre-Seed2010Series A · 2012-09-11 Raised $6.4M (real) Modeled valuation $233M (est)$6.4M$233MSeries A2012Seed · 2012-09-11 Raised $103K (real) Modeled valuation $4.6M (est)$103K$4.6MSeed2012Series A · 2015-09-01 Raised $987K (real) Modeled valuation $36M (est)$987K$36MSeries A2015Series A · 2015-09-01 Raised $286K (real) Modeled valuation $10M (est)$286K$10MSeries A2015+$350K+$6.4M+$103K+$987K+$286KCumulative $10M

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$2.1M · 2010
Bridge · Seed-stage$350K · 2010smaller follow-on
Series A$6.4M · 2012
Bridge · Series A-stage$103K · 2012smaller follow-on
Series A extension$987K · 2015
Series A extension$286K · 2015

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

Modeled valuation trajectory
$35.7M
Base estimate est.
$1.1M
Conservative case
$194.0M
Upside case
$4.5M
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.

Seed · modeled $92.4M · 2010-04-162010Pre-Seed · modeled $19.3M · 2010-04-16Series A · modeled $233.1M · 2012-09-11Seed · modeled $4.6M · 2012-09-11Series A · modeled $35.7M · 2015-09-01Series A · modeled $10.3M · 2015-09-012015
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
6.0 yr
Elapsed time used
10.8 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$1.9M/yr
Capital velocity
16.2 yr
On record since
2010
First round
6
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) 1.4× above median
This company$10.3M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$286K
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$35.7M
Sector median$64.2M

Raised more than 57% of sector peers (real $). Modeled value above 39% 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 #96 of 111.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Dnanexus, Inc. · Series A Raised $31.6M · modeled $542.3M (est)Foresight Biotherapeutics, Inc. · Series A Raised $17.0M · modeled $542.3M (est)AuraSense Therapeutics, LLC · Series A Raised $33.6M · modeled $535.0M (est)Zyomyx Inc · Series A Raised $15.2M · modeled $514.1M (est)Champions Oncology, Inc. · Series A Raised $36.8M · modeled $506.1M (est)Thrasos Innovation Inc. · Series A Raised $14.0M · modeled $506.1M (est)Merganser Biotech, Inc. · Series A Raised $21.1M · modeled $473.5M (est)Progenics Pharmaceuticals Inc · Series A Raised $12.9M · modeled $467.2M (est)GeneWeave Biosciences, Inc. · Series A Raised $36.3M · modeled $441.0M (est)Aeglea BioTherapeutics Holdings, LLC · Series A Raised $15.8M · modeled $387.1M (est)Hydra Biosciences Inc · Series A Raised $10.5M · modeled $379.9M (est)Brainstorm Cell Therapeutics Inc. · Series A Raised $12.3M · modeled $379.6M (est)Sanovas, Inc. (this company) Raised $10.3M · modeled $35.7M (est)Sanovas, Inc.
CompanyStageRaised · realValue · estvs peer med.
Dnanexus, Inc.Series A$31.6M$542.3M3.41×
Foresight Biotherapeutics, Inc.Series A$17.0M$542.3M3.41×
AuraSense Therapeutics, LLCSeries A$33.6M$535.0M3.36×
Zyomyx IncSeries A$15.2M$514.1M3.23×
Champions Oncology, Inc.Series A$36.8M$506.1M3.18×
Thrasos Innovation Inc.Series A$14.0M$506.1M3.18×
Merganser Biotech, Inc.Series A$21.1M$473.5M2.98×
Progenics Pharmaceuticals IncSeries A$12.9M$467.2M2.94×
GeneWeave Biosciences, Inc.Series A$36.3M$441.0M2.77×
Aeglea BioTherapeutics Holdings, LLCSeries A$15.8M$387.1M2.43×
Hydra Biosciences IncSeries A$10.5M$379.9M2.39×
Brainstorm Cell Therapeutics Inc.Series A$12.3M$379.6M2.39×
Sanovas, Inc. this companySeries A$10.3M$35.7M0.22×
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$2.1M2010-04-16$10.4M$92.4M90%
Pre-Seed$350K2010-04-16$1.9M$19.3M90%
Series A$6.4M2012-09-11$29.3M$233.1M90%
Seed$103K2012-09-11$515K$4.6M90%
Series A$987K2015-09-01$4.5M$35.7M90%
Series A$286K2015-09-01$1.3M$10.3M90%
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$2.1M2010-04-16
    • First recorded raise — entered as Seed.
  2. Pre-Seed$350K2010-04-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.9× smaller than the prior — bridge or down round.
  3. Series A$6.4M2012-09-11
    • Raised again after 29 mo — slower than the ~14 mo sector norm.
    • Round 18.4× larger than the prior — scaling up.
  4. Seed$103K2012-09-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 62.6× smaller than the prior — bridge or down round.
  5. Series A$987K2015-09-01
    • Raised again after 36 mo — slower than the ~14 mo sector norm.
    • Round 9.6× larger than the prior — scaling up.
  6. Series A$286K2015-09-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.5× smaller than the prior — bridge or down round.
Intelligence
2016 ~Q3
Modeled next raise · ~13mo cadence
$286K
Modeled next size est.range $286K$457K
0.3×
Last step-up
$1.9M/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
Bruce A. Nichols2015-09
Erhan Gunday2012-09
Erhan J. Gunday2010-04
Erhan J. Gundy2010-04
Ken A. Koen2015-09
Larry Gerrans2012-09
Lawrence J. Gerrans2010-04
Rob A. Georges2015-09
Registry & provenance

Sanovas, 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
1496923
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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Esperance Pharmaceuticals, IncBiotechnologySeries A$10.4M$36.2Msame sector · same stage
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Onassis Holdings Corp.BiotechnologySeries A$10.0M$28.2Msame sector · same stage
Prince Biotech, Inc.BiotechnologySeries A$10.0M$27.8Msame sector · same stage
Yuko Project, LLCBiotechnologySeries A$10.0M$30.1Msame sector · same stage
C2N JMK, Inc.BiotechnologySeries A$10.0M$34.6Msame sector · same stage
StemBioSys Inc.BiotechnologySeries A$9.9M$43.9Msame sector · same stage
Frequently asked
How much funding has Sanovas, Inc. raised?
Sanovas, Inc. has raised approximately $10.3M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Sanovas, Inc.'s estimated valuation?
Provath's modeled valuation for Sanovas, Inc. is approximately $35.7M (modeled range $1.1M–$194.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sanovas, Inc. at?
Sanovas, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Sep 01.
What does Sanovas, Inc. do and where is it based?
Sanovas, Inc. operates in the Biotechnology sector, based in SAUSALITO.
Explore related

See where Sanovas, 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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