Companies · Pharma

Soleno Therapeutics Inc

REDWOOD CITY · Pharma · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Soleno Therapeutics Inc — recommendation, valuation, rhythm, risks.
$98.6M
Total raised · real
10
Rounds
4.0×
Latest step-up
Top 11%
Sector rank · raised
Series C
Latest stage · inferred · Mon Oct 02 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Soleno Therapeutics Inc looks fair 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.

Fair
  • Modeled value is 1.07× the median modeled value of Series C Pharma companies in 2022–2024 (7 peers) — value vs value, same stage and era.
  • Within the normal band (107% of peer median) for its niche.
At-risk
  • Last raise 2.7 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

Soleno Therapeutics Inc is one of 310 Pharma companies tracked from REDWOOD CITY. By capital raised it ranks among the largest (ahead of 90% 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
14
Investors (latest)
2023-10-02
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$250M$500M$750M$1.0BSeed · 2010-02-10 Raised $3.1M (real) Modeled valuation $118M (est)Seed2010Seed · 2010-02-10 Raised $3.3M (real) Modeled valuation $126M (est)Seed2010Seed · 2010-11-10 Raised $1.9M (real) Modeled valuation $72M (est)Seed2010Series A · 2012-01-17 Raised $5.0M (real) Modeled valuation $155M (est)Series A2012Seed · 2012-01-17 Raised $1.9M (real) Modeled valuation $72M (est)Seed2012Series A · 2015-03-05 Raised $3.7M (real) Modeled valuation $114M (est)Series A2015Series A · 2015-08-13 Raised $1.4M (real) Modeled valuation $44M (est)Series A2015Series A · 2015-10-15 Raised $4.6M (real) Modeled valuation $141M (est)Series A2015Series A · 2016-07-05 Raised $3.2M (real) Modeled valuation $98M (est)Series A2016Series A · 2017-01-27 Raised $602K (real) Modeled valuation $19M (est)Series A2017Series B · 2017-12-15 Raised $15M (real) Modeled valuation $510M (est)Series B2017Series C · 2023-10-02 Raised $60M (real) Modeled valuation $681M (est)Series C2023Cumulative $104M

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$3.1M · 2010
Seed extension$3.3M · 2010
Seed extension$1.9M · 2010
Series A$5.0M · 2012
Bridge · Series A-stage$1.9M · 2012smaller follow-on
Series A extension$3.7M · 2015
Series A extension$1.4M · 2015
Series A extension$4.6M · 2015
Series A extension$3.2M · 2016
Series A extension$602K · 2017
Series B$15.0M · 2017
Series C$60.0M · 2023

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: 80%.

Modeled valuation trajectory
$680.6M
Base estimate est.
$194.8M
Conservative case
$1.1B
Upside case
$399.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Seed · modeled $117.8M · 2010-02-102010Seed · modeled $125.9M · 2010-02-10Seed · modeled $72.0M · 2010-11-10Series A · modeled $155.4M · 2012-01-17Seed · modeled $72.0M · 2012-01-17Series A · modeled $114.1M · 2015-03-05Series A · modeled $44.4M · 2015-08-13Series A · modeled $141.1M · 2015-10-15Series A · modeled $97.6M · 2016-07-05Series A · modeled $18.6M · 2017-01-27Series B · modeled $510.1M · 2017-12-15Series C · modeled $680.6M · 2023-10-022023
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
66%
Survival probability
49% low · 76% high
1.42×/yr
Annual markup
1.62×/yr upside case
2.8 yr
Elapsed time used
2.8 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$7.2M/yr
Capital velocity
16.4 yr
On record since
2010
First round
12
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) 15× above median
This company$98.6M
Sector median$6.4M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.2× above median
This company$60.0M
Sector median$49.7M
Modeled value — vs sector median (estimate, all stages) 11× above median
This company$680.6M
Sector median$62.5M

Raised more than 90% of sector peers (real $). Modeled value above 88% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #3 of 7.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Circle Pharma, Inc. · Series C Raised $177.6M · modeled $811.4M (est)Averna Therapeutics Inc. · Series C Raised $85.0M · modeled $805.8M (est)Progentos Therapeutics, Inc. · Series C Raised $68.6M · modeled $635.0M (est)Intrinsic Therapeutics Inc · Series C Raised $219.5M · modeled $595.2M (est)Digital Therapeutics, Inc. · Series C Raised $123.6M · modeled $531.0M (est)INCOG BioPharma Services, Inc. · Series C Raised $86.6M · modeled $392.7M (est)Soleno Therapeutics Inc (this company) Raised $98.6M · modeled $680.6M (est)Soleno Therapeutics Inc
CompanyStageRaised · realValue · estvs peer med.
Circle Pharma, Inc.Series C$177.6M$811.4M1.28×
Averna Therapeutics Inc.Series C$85.0M$805.8M1.27×
Soleno Therapeutics Inc this companySeries C$98.6M$680.6M1.07×
Progentos Therapeutics, Inc.Series C$68.6M$635.0M1.00×
Intrinsic Therapeutics IncSeries C$219.5M$595.2M0.94×
Digital Therapeutics, Inc.Series C$123.6M$531.0M0.84×
INCOG BioPharma Services, Inc.Series C$86.6M$392.7M0.62×
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$3.1M2010-02-10$15.5M$117.8M85%
Seed$3.3M2010-02-10$16.5M$125.9M85%
Seed$1.9M2010-11-10$9.5M$72.0M85%
Series A$5.0M2012-01-17$22.8M$155.4M85%
Seed$1.9M2012-01-17$9.5M$72.0M85%
Series A$3.7M2015-03-05$16.7M$114.1M85%
Series A$1.4M2015-08-13$6.5M$44.4M85%
Series A$4.6M2015-10-15$20.7M$141.1M85%
Series A$3.2M2016-07-05$14.3M$97.6M85%
Series A$602K2017-01-27$2.7M$18.6M90%
Series B$15.0M2017-12-15$83.3M$510.1M90%
Series C$60.0M2023-10-02$399.9M$680.6M90%
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$3.1M2010-02-10
    • First recorded raise — entered as Seed.
    • 12 investors on this round.
  2. Seed$3.3M2010-02-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 28 investors on this round.
  3. Seed$1.9M2010-11-10
    • Came back fast: 9 mo vs the ~16 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 16 investors on this round.
  4. Series A$5.0M2012-01-17
    • Raised 14 mo later, in step with the ~16 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 17 investors on this round.
  5. Seed$1.9M2012-01-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 17 investors on this round.
  6. Series A$3.7M2015-03-05
    • Raised again after 38 mo — slower than the ~16 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 8 investors on this round.
  7. Series A$1.4M2015-08-13
    • Came back fast: 5 mo vs the ~16 mo sector norm.
    • Round 2.6× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  8. Series A$4.6M2015-10-15
    • Came back fast: 2 mo vs the ~16 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 3 investors on this round.
  9. Series A$3.2M2016-07-05
    • Came back fast: 9 mo vs the ~16 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  10. Series A$602K2017-01-27
    • Came back fast: 7 mo vs the ~16 mo sector norm.
    • Round 5.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  11. Series B$15.0M2017-12-15
    • Raised 11 mo later, in step with the ~16 mo sector norm.
    • Round 24.9× larger than the prior — scaling up.
    • 16 investors on this round.
  12. Series C$60.0M2023-10-02
    • Raised again after 70 mo — slower than the ~16 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
    • 14 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~15mo cadence
$180.0M
Modeled next size est.range $117.0M$287.9M
4.0×
Last step-up
$7.2M/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
Ernest Mario8 other2010-02
William Harris8 other2023-10
Andrew Sinclair4 other2023-10
Edgar G Engleman4 other2012-01
Rajen Dalal4 other2016-07
Matthew Pauls3 other2023-10
Anish Bhatnagar1 other2010-02
Mahendra D. Shah1 other2017-12
Steinar Engelsen1 other2015-03
Steinar J Engelsen1 other2010-02
William G. Harris1 other2015-03
Anthony D. Wondka2015-03
Birgitte Volck2023-10
David D. O'Toole2015-03
Edgar J Engleman2010-02
Gary Crooke2010-02
Gina D. Phelps2015-03
Graham K. Crooke2010-11
Gwen Melincoff2023-10
James Mackaness2023-10
Jonathan D. Wolter2017-12
Stephen N Kirnon2010-02
Stuart D. Collinson2017-12
William James Alexander2010-02
Registry & provenance

Soleno 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
1484565
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
Pheast Therapeutics, Inc.PharmaSeries C$99.8M$138.6Msame sector · same stage
Interline Therapeutics, Inc.PharmaSeries C$92.6M$1.1Bsame sector · same stage
Ovid Therapeutics Inc.PharmaSeries C$105.9M$907.5Msame sector · same stage
INCOG BioPharma Services, Inc.PharmaSeries C$86.6M$392.7Msame sector · same stage
Levo Therapeutics, Inc.PharmaSeries C$86.5M$1.4Bsame sector · same stage
Averna Therapeutics Inc.PharmaSeries C$85.0M$805.8Msame sector · same stage
Indapta Therapeutics Inc.PharmaSeries C$84.4M$289.9Msame sector · same stage
Pelthos Therapeutics Inc.PharmaceuticalsSeries C$98.8M$98.6Mnetwork1 shared operator · 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
Pear Therapeutics, Inc.PharmaSeries D+$4.1B84%
Solera Health, Inc.HealthtechSeries B$935.6M84%
Solace Therapeutics IncPharmaSeries A$202.2M83%
Nuo Therapeutics, Inc.PharmaSeries B$3.6M83%
Chaperone Therapeutics, Inc.PharmaPre-Seed$21.6M83%
PiVista Therapeutics, Inc.PharmaPre-Seed$2.5M82%
Rodin Therapeutics, Inc.PharmaSeries A$335.3M81%
Piezo Therapeutics, Inc.PharmaSeed$691K81%
Frequently asked
How much funding has Soleno Therapeutics Inc raised?
Soleno Therapeutics Inc has raised approximately $98.6M in disclosed capital across 10 recorded financing rounds, aggregated from public filings.
What is Soleno Therapeutics Inc's estimated valuation?
Provath's modeled valuation for Soleno Therapeutics Inc is approximately $680.6M (modeled range $194.8M–$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 Soleno Therapeutics Inc at?
Soleno Therapeutics Inc's latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Oct 02.
What does Soleno Therapeutics Inc do and where is it based?
Soleno Therapeutics Inc operates in the Pharma sector, based in REDWOOD CITY.
Explore related

See where Soleno Therapeutics Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Soleno Therapeutics Inc, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.