Companies · Pharmaceuticals

Spine BioPharma, Inc.

NEW YORK · Pharmaceuticals

Diligence memoA one-page analyst read on Spine BioPharma, Inc. — recommendation, valuation, rhythm, risks.
$51.8M
Total raised · real
7
Rounds
5.6×
Latest step-up
Top 19%
Sector rank · raised
Series A
Latest stage · inferred · Mon Sep 09 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Spine BioPharma, Inc. looks over-valued against its niche peers and is quiet 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.

Over-valued
  • Modeled value is 1.96× the median modeled value of Series A Pharmaceuticals companies in 2022–2024 (64 peers) — value vs value, same stage and era.
Quiet
  • Last raise 22 mo ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector 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 Pharmaceuticals

Spine BioPharma, Inc. is one of 1613 Pharmaceuticals companies tracked from NEW YORK. By capital raised it ranks in the upper tier (ahead of 82% of sector peers), and mid-pack 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
10
Investors (latest)
2024-09-09
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$50M$100M$150M$200MSeries A · 2021-03-12 Raised $5.0M (real) Modeled valuation $113M (est)Series A2021Series A · 2021-04-16 Raised $3.0M (real) Modeled valuation $65M (est)Series A2021Series A · 2022-03-17 Raised $13M (real) Modeled valuation $187M (est)Series A2022Series A · 2023-02-03 Raised $13M (real) Modeled valuation $126M (est)Series A2023Series A · 2023-08-24 Raised $1.9M (real) Modeled valuation $14M (est)Series A2023Series A · 2023-10-04 Raised $2.4M (real) Modeled valuation $17M (est)Series A2023Series A · 2024-09-09 Raised $14M (real) Modeled valuation $64M (est)Series A2024+$3.0M+$13M+$13M+$1.9M+$2.4M+$14MCumulative $52M

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
Series A$5.0M · 2021
Series A extension$3.0M · 2021
Series A extension$13.0M · 2022
Series A extension$13.0M · 2023
Series A extension$1.9M · 2023
Series A extension$2.4M · 2023
Series A extension$13.5M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$63.9M
Base estimate est.
$15.5M
Conservative case
$132.2M
Upside case
$61.4M
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 pharma sector profile. Directional, not a quoted figure.

Series A · modeled $113.4M · 2021-03-122021Series A · modeled $65.2M · 2021-04-16Series A · modeled $187.2M · 2022-03-17Series A · modeled $125.9M · 2023-02-03Series A · modeled $14.4M · 2023-08-24Series A · modeled $17.2M · 2023-10-04Series A · modeled $63.9M · 2024-09-092024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
46%
Survival probability
25% low · 63% high
1.57×/yr
Annual markup
1.97×/yr upside case
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$14.8M/yr
Capital velocity
5.3 yr
On record since
2021
First round
7
Rounds on file
How it compares to the market

Benchmarked against 1613 companies in Pharmaceuticals. 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) 6.4× above median
This company$51.8M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.6× above median
This company$13.5M
Sector median$5.2M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$63.9M
Sector median$76.1M

Raised more than 82% of sector peers (real $). Modeled value above 47% 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 #13 of 64.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Hallux, Inc. · Series A Raised $20.0M · modeled $151.6M (est)Enalare Therapeutics Inc. · Series A Raised $23.5M · modeled $150.9M (est)Silver Creek Pharmaceuticals, Inc. · Series A Raised $12.6M · modeled $139.3M (est)NQ PE Project Stingray Parent, L.P. · Series A Raised $11.4M · modeled $131.7M (est)Acta Pharmaceuticals, Inc. · Series A Raised $13.4M · modeled $121.5M (est)Groff North America, LLC · Series A Raised $13.1M · modeled $105.9M (est)Hoth Therapeutics, Inc. · Series A Raised $33.7M · modeled $100.6M (est)Eyegate Pharmaceuticals Inc · Series A Raised $72.9M · modeled $92.6M (est)resistanceBio, Inc. · Series A Raised $12.8M · modeled $79.5M (est)T3D Therapeutics, Inc. · Series A Raised $30.0M · modeled $70.9M (est)Aspire BioPharma, Inc. · Series A Raised $10.0M · modeled $69.4M (est)Octagon Therapeutics, Inc. · Series A Raised $12.4M · modeled $68.3M (est)Spine BioPharma, Inc. (this company) Raised $51.8M · modeled $63.9M (est)Spine BioPharma, Inc.
CompanyStageRaised · realValue · estvs peer med.
Hallux, Inc.Series A$20.0M$151.6M4.65×
Enalare Therapeutics Inc.Series A$23.5M$150.9M4.62×
Silver Creek Pharmaceuticals, Inc.Series A$12.6M$139.3M4.27×
NQ PE Project Stingray Parent, L.P.Series A$11.4M$131.7M4.04×
Acta Pharmaceuticals, Inc.Series A$13.4M$121.5M3.72×
Groff North America, LLCSeries A$13.1M$105.9M3.25×
Hoth Therapeutics, Inc.Series A$33.7M$100.6M3.08×
Eyegate Pharmaceuticals IncSeries A$72.9M$92.6M2.84×
resistanceBio, Inc.Series A$12.8M$79.5M2.44×
T3D Therapeutics, Inc.Series A$30.0M$70.9M2.17×
Aspire BioPharma, Inc.Series A$10.0M$69.4M2.13×
Octagon Therapeutics, Inc.Series A$12.4M$68.3M2.09×
Spine BioPharma, Inc. this companySeries A$51.8M$63.9M1.96×
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.
Series A$5.0M2021-03-12$22.7M$113.4M90%
Series A$3.0M2021-04-16$13.6M$65.2M90%
Series A$13.0M2022-03-17$59.1M$187.2M90%
Series A$13.0M2023-02-03$59.1M$125.9M90%
Series A$1.9M2023-08-24$8.6M$14.4M90%
Series A$2.4M2023-10-04$10.9M$17.2M90%
Series A$13.5M2024-09-09$61.4M$63.9M90%
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. Series A$5.0M2021-03-12
    • First recorded raise — entered as Series A.
    • 14 investors on this round.
  2. Series A$3.0M2021-04-16
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series A$13.0M2022-03-17
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 4.3× larger than the prior — scaling up.
    • 6 investors on this round.
  4. Series A$13.0M2023-02-03
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  5. Series A$1.9M2023-08-24
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 6.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  6. Series A$2.4M2023-10-04
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  7. Series A$13.5M2024-09-09
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 5.6× larger than the prior — scaling up.
    • 10 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~7mo cadence
$40.5M
Modeled next size est.range $26.3M$64.8M
5.6×
Last step-up
$14.8M/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
Marc R. Viscogliosi7 other2021-03
John J. Viscogliosi6 other2021-03
Frank R. Cammisa, MD2022-03
Fran R. Magee2022-03
Jason J. Gallagher2024-09
Thomas R. Bumol, PhD2022-03
Registry & provenance

Spine BioPharma, 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
1852647
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
Companion Spine, LLCPharmaceuticalsSeries A$8.5M$59.0Mnetwork1 shared operator · same sector · same stage
Provectus Biopharmaceuticals, Inc.PharmaceuticalsSeries A$49.9M$50.5Msame sector · same stage
Knee Creations, LLCOther Health CareSeries A$15.6M$131.2Mnetwork2 shared operators · same stage
Biofrontera Inc.PharmaceuticalsSeries A$58.4M$36.4Msame sector · same stage
Viscogliosi Brothers Venture Partners IV, LLCOther Health CareSeries A$8.5M$20.0Mnetwork2 shared operators · same stage
Eyegate Pharmaceuticals IncPharmaceuticalsSeries A$72.9M$92.6Msame sector · same stage
Hoth Therapeutics, Inc.PharmaceuticalsSeries A$33.7M$100.6Msame sector · same stage
Pharmazz, Inc.PharmaceuticalsSeries A$31.7M$34.5Msame sector · 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
SpineThera, Inc.PharmaceuticalsSeed$27.5M85%
Plato BioPharma, Inc.PharmaSeed$59.3M83%
Companion Spine, LLCPharmaceuticalsSeries A$59.0M82%
Cambrian BioPharma IncPharmaceuticalsSeries C$293.3M82%
Boston Biopharma, Inc.PharmaceuticalsSeed$57.6M81%
ReveraGen BioPharma, Inc.PharmaceuticalsPre-Seed$37.8M81%
Sycamore Biopharma, Inc.BiotechnologyPre-Seed$6.4M80%
Sun BioPharma, Inc.PharmaceuticalsSeries A$13.1M80%
Frequently asked
How much funding has Spine BioPharma, Inc. raised?
Spine BioPharma, Inc. has raised approximately $51.8M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Spine BioPharma, Inc.'s estimated valuation?
Provath's modeled valuation for Spine BioPharma, Inc. is approximately $63.9M (modeled range $15.5M–$132.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spine BioPharma, Inc. at?
Spine BioPharma, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Sep 09.
What does Spine BioPharma, Inc. do and where is it based?
Spine BioPharma, Inc. operates in the Pharmaceuticals sector, based in NEW YORK.
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