Diligence memo · auto-generated · as of July 2, 2026

Sonnet BioTherapeutics Holdings, Inc.

Sonnet BioTherapeutics Holdings, Inc. looks under-valued against its niche peers and is quiet on financing cadence.

SourceModeled below same-niche peers while still financing on rhythm — a potential mispricing worth a closer look.

Businessfiled

Sonnet BioTherapeutics Holdings, Inc. operates in Biotechnology, based in PRINCETON.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

Sonnet BioTherapeutics Holdings, Inc. has raised $25M in disclosed capital across 11 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).

Largest single filing: $6.0M on 2017-05-04.

Most recent recorded round closed around 2024-12-10.

Valuation (modeled)modeled

Provath models Sonnet BioTherapeutics Holdings, Inc. at approximately $17M (range $4.3M–$32M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Under-valued. Modeled value is 0.37× the median modeled value of Series A Biotechnology companies in 2022–2024 (303 peers) — value vs value, same stage and era.

Financing rhythm & timingmixed

Historic cadence: a new round about every 16 months.

Last raise 19 mo ago; this sector typically re-raises about every 14 months.

Slightly overdue versus sector cadence.

The last round stepped up 1.7× from the prior — scaling.

Comparablesmixed

Capital scale ranks ahead of 72% of Biotechnology peers (4293 compared).

Modeled value ranks above 26% of those peers.

Closest niche peers: GeoVax Labs, Inc., Cellinfinity Bio Holding Company, LLC, Adient Medical, Inc., Entegrion Inc, BCD Bioscience, Inc..

Peoplefiled

24 named people on file across officers, directors and signatories.

Risks & flagsmixed

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.