Companies · Biotechnology

Spartan Bioscience Inc.

Nepean · Biotechnology

Diligence memoA one-page analyst read on Spartan Bioscience Inc. — recommendation, valuation, rhythm, risks.
$260K
Total raised · real
2
Rounds
0.7×
Latest step-up
Top 95%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Dec 15 2011 00:00:00 GMT+0000 (Coordinated Universal Time)

Spartan Bioscience 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 0.31× the median modeled value of Pre-Seed Biotechnology companies in 2010–2012 (132 peers) — value vs value, same stage and era.
Dormant
  • Last raise 14.5 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

Spartan Bioscience Inc. is one of 4293 Biotechnology companies tracked from Nepean. By capital raised it ranks in the long tail (ahead of 6% 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$2.5M$5.0M$7.5M$10MPre-Seed · 2009-04-15 Raised $150K (real) Modeled valuation $8.3M (est)$150K$8.3MPre-Seed2009Pre-Seed · 2011-12-15 Raised $110K (real) Modeled valuation $6.1M (est)$110K$6.1MPre-Seed2011+$110KCumulative $260K

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$150K · 2009
Pre-Seed extension$110K · 2011

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

Modeled valuation trajectory
$6.1M
Base estimate est.
$59K
Conservative case
$68.9M
Upside case
$611K
Modeled post-money

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

Pre-Seed · modeled $8.3M · 2009-04-152009Pre-Seed · modeled $6.1M · 2011-12-152011
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
24%
Survival probability
10% low · 44% high
1.86×/yr
Annual markup
2.52×/yr upside case
6.0 yr
Elapsed time used
14.6 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
32 mo
Avg between rounds
$98K/yr
Capital velocity
17.2 yr
On record since
2009
First round
2
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) 0.0× of median
This company$260K
Sector median$7.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.3× of median
This company$110K
Sector median$412K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$6.1M
Sector median$64.2M

Raised more than 6% of sector peers (real $). Modeled value above 13% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #126 of 132.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Hygeia Therapeutics, Inc. · Pre-Seed Raised $1.0M · modeled $55.2M (est)Act Biotech Inc · Pre-Seed Raised $2.5M · modeled $55.2M (est)Ikonopedia, LLC · Pre-Seed Raised $2.8M · modeled $55.2M (est)Iquum Inc · Pre-Seed Raised $1.0M · modeled $55.2M (est)Koronis Pharma, Inc. · Pre-Seed Raised $1.3M · modeled $55.2M (est)Olive Medical Corp · Pre-Seed Raised $2.6M · modeled $55.2M (est)Microarrays, Inc. · Pre-Seed Raised $1.0M · modeled $55.2M (est)INTICA Biomedical, Inc. · Pre-Seed Raised $1.6M · modeled $54.9M (est)LightStat, LLC · Pre-Seed Raised $970K · modeled $53.6M (est)Cyto Wave Technologies Inc. · Pre-Seed Raised $965K · modeled $53.3M (est)Curis Inc · Pre-Seed Raised $964K · modeled $53.2M (est)Real Imaging, Ltd. · Pre-Seed Raised $930K · modeled $51.3M (est)Spartan Bioscience Inc. (this company) Raised $260K · modeled $6.1M (est)Spartan Bioscience Inc.
CompanyStageRaised · realValue · estvs peer med.
Hygeia Therapeutics, Inc.Pre-Seed$1.0M$55.2M2.82×
Act Biotech IncPre-Seed$2.5M$55.2M2.82×
Ikonopedia, LLCPre-Seed$2.8M$55.2M2.82×
Iquum IncPre-Seed$1.0M$55.2M2.82×
Koronis Pharma, Inc.Pre-Seed$1.3M$55.2M2.82×
Olive Medical CorpPre-Seed$2.6M$55.2M2.82×
Microarrays, Inc.Pre-Seed$1.0M$55.2M2.82×
INTICA Biomedical, Inc.Pre-Seed$1.6M$54.9M2.81×
LightStat, LLCPre-Seed$970K$53.6M2.74×
Cyto Wave Technologies Inc.Pre-Seed$965K$53.3M2.72×
Curis IncPre-Seed$964K$53.2M2.72×
Real Imaging, Ltd.Pre-Seed$930K$51.3M2.62×
Spartan Bioscience Inc. this companyPre-Seed$260K$6.1M0.31×
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$150K2009-04-15$833K$8.3M90%
Pre-Seed$110K2011-12-15$611K$6.1M90%
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$150K2009-04-15
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$110K2011-12-15
    • Raised again after 32 mo — slower than the ~14 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
Intelligence
2014 ~Q3
Modeled next raise · ~32mo cadence
$110K
Modeled next size est.range $110K$176K
0.7×
Last step-up
$98K/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
Michael Abrams5 other2011-12
Michael Stork2 other2009-04
Alan Shayanpour2009-04
Jamie Spiegelman2009-04
John Lem2009-04
Ken Paige2011-12
Lawrence D'Andrea2011-12
Mark Houghting2009-04
Mark Kershey2009-04
Paul Lem2009-04
Paul Markell2009-04
Registry & provenance

Spartan Bioscience 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
1463231
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
Viratech Corp.BiotechnologyPre-Seed$261K$8.1Msame sector · same stage
Early Stage Cancer Detection, Inc.BiotechnologyPre-Seed$257K$7.4Msame sector · same stage
CurveBeam AI LtdBiotechnologyPre-Seed$255K$3.3Msame sector · same stage
Inflection Point Genetics Inc.BiotechnologyPre-Seed$265K$3.5Msame sector · same stage
Atlee Biotech, Inc.BiotechnologyPre-Seed$250K$5.5Msame sector · same stage
ComKardia, Inc.BiotechnologyPre-Seed$250K$3.5Msame sector · same stage
Globavir Biosciences Inc.BiotechnologyPre-Seed$250K$8.3Msame sector · same stage
Kuleana Technology, Inc.BiotechnologyPre-Seed$250K$4.7Msame sector · same stage
Frequently asked
How much funding has Spartan Bioscience Inc. raised?
Spartan Bioscience Inc. has raised approximately $260K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Spartan Bioscience Inc.'s estimated valuation?
Provath's modeled valuation for Spartan Bioscience Inc. is approximately $6.1M (modeled range $59K–$68.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spartan Bioscience Inc. at?
Spartan Bioscience Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Dec 15.
What does Spartan Bioscience Inc. do and where is it based?
Spartan Bioscience Inc. operates in the Biotechnology sector, based in Nepean.
Explore related

See where Spartan Bioscience 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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