Companies · Biotech / Pharma

Split Biosciences, Inc.

SEATTLE · Biotech / Pharma · refined from filed group “Other

Diligence memoA one-page analyst read on Split Biosciences, Inc. — recommendation, valuation, rhythm, risks.
$1.8M
Total raised · real
2
Rounds
0.5×
Latest step-up
Top 66%
Sector rank · raised
Seed
Latest stage · inferred · Tue Aug 27 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Split Biosciences, Inc. looks fair 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/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 0.68× the median modeled value of Seed Biotech / Pharma companies in 2019–2021 (15 peers) — value vs value, same stage and era.
  • Within the normal band (68% of peer median) for its niche.
Dormant
  • Last raise 6.8 yr ago; this sector typically re-raises about every 15 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 Biotech / Pharma

Split Biosciences, Inc. is one of 227 Biotech / Pharma companies tracked from SEATTLE. By capital raised it ranks in the long tail (ahead of 35% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
9
Investors (latest)
2018
Year incorporated
2019-08-27
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$25M$50M$75M$100MSeed · 2018-09-28 Raised $1.2M (real) Modeled valuation $51M (est)$1.2M$51MSeed2018Seed · 2019-08-27 Raised $560K (real) Modeled valuation $23M (est)$560K$23MSeed2019+$560KCumulative $1.8M

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$1.2M · 2018
Seed extension$560K · 2019

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: 50%.

Modeled valuation trajectory
$23.0M
Base estimate est.
$413K
Conservative case
$180.8M
Upside case
$2.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the biotech/pharma sector profile. Directional, not a quoted figure.

Seed · modeled $50.9M · 2018-09-282018Seed · modeled $23.0M · 2019-08-272019
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
33%
Survival probability
15% low · 51% high
1.71×/yr
Annual markup
2.24×/yr upside case
6.0 yr
Elapsed time used
6.8 yr actual, capped for stale marks
biotech/pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$2.0M/yr
Capital velocity
7.8 yr
On record since
2018
First round
2
Rounds on file
How it compares to the market

Benchmarked against 227 companies in Biotech / 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) 0.3× of median
This company$1.8M
Sector median$5.6M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$560K
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$23.0M
Sector median$30.5M

Raised more than 35% of sector peers (real $). Modeled value above 46% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #13 of 15.

This companyCohort peer
$10.0M$100.0M$1.0B$100K$1.0M$10.0M$100.0MCapital raised (log)rMark Bio, Inc. · Seed Raised $4.5M · modeled $114.1M (est)Massive Bio, Inc. · Seed Raised $2.5M · modeled $104.1M (est)Light Bio, Inc. · Seed Raised $2.0M · modeled $82.3M (est)Agronomed Pharmaceuticals LLC · Seed Raised $9.2M · modeled $77.2M (est)Cellix Biosciences, Inc. · Seed Raised $1.5M · modeled $61.3M (est)xD Bio, Inc. · Seed Raised $1.6M · modeled $53.1M (est)Freedom Pharmacy Operations, LLC · Seed Raised $1.5M · modeled $35.8M (est)Next Frontier Biosciences, LLC · Seed Raised $8.7M · modeled $34.0M (est)Circe Biosciences Inc. · Seed Raised $1.6M · modeled $33.4M (est)Animal Biosciences, Inc. · Seed Raised $2.3M · modeled $31.6M (est)growPack Bio LLC · Seed Raised $1.0M · modeled $26.3M (est)3Bar Biologics, Inc. · Seed Raised $2.4M · modeled $26.1M (est)Split Biosciences, Inc. (this company) Raised $1.8M · modeled $23.0M (est)Split Biosciences, Inc.
CompanyStageRaised · realValue · estvs peer med.
rMark Bio, Inc.Seed$4.5M$114.1M3.36×
Massive Bio, Inc.Seed$2.5M$104.1M3.06×
Light Bio, Inc.Seed$2.0M$82.3M2.42×
Agronomed Pharmaceuticals LLCSeed$9.2M$77.2M2.27×
Cellix Biosciences, Inc.Seed$1.5M$61.3M1.80×
xD Bio, Inc.Seed$1.6M$53.1M1.56×
Freedom Pharmacy Operations, LLCSeed$1.5M$35.8M1.05×
Next Frontier Biosciences, LLCSeed$8.7M$34.0M1.00×
Circe Biosciences Inc.Seed$1.6M$33.4M0.98×
Animal Biosciences, Inc.Seed$2.3M$31.6M0.93×
growPack Bio LLCSeed$1.0M$26.3M0.77×
3Bar Biologics, Inc.Seed$2.4M$26.1M0.77×
Split Biosciences, Inc. this companySeed$1.8M$23.0M0.68×
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$1.2M2018-09-28$6.2M$50.9M90%
Seed$560K2019-08-27$2.8M$23.0M90%
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$1.2M2018-09-28
    • First recorded raise — entered as Seed.
    • 20 investors on this round.
  2. Seed$560K2019-08-27
    • Raised 11 mo later, in step with the ~15 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 9 investors on this round.
Intelligence
2020 ~Q3
Modeled next raise · ~11mo cadence
$560K
Modeled next size est.range $560K$896K
0.5×
Last step-up
$2.0M/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
Alexander Bengt Rosenberg2018-09
Alexander Bengt Rosenburg2019-08
Charles Michael Roco2018-09
Georg Friedrich David Seelig2018-09
Registry & provenance

Split Biosciences, 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
1755695
SEC CIK
2018
Incorporated
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
Base Pair Biotechnologies, Inc.Biotech / PharmaSeed$1.9M$76.6Msame sector · same stage
Trio Pharmaceuticals, Inc.Biotech / PharmaSeed$1.9M$22.4Msame sector · same stage
xD Bio, Inc.Biotech / PharmaSeed$1.6M$53.1Msame sector · same stage
Light Bio, Inc.Biotech / PharmaSeed$2.0M$82.3Msame sector · same stage
FOOP Organic Biosciences, Inc.Biotech / PharmaSeed$2.0M$25.8Msame sector · same stage
Circe Biosciences Inc.Biotech / PharmaSeed$1.6M$33.4Msame sector · same stage
IdentifySensors Biologics Corp.Biotech / PharmaSeed$2.1M$7.9Msame sector · same stage
Bio Essence CorpBiotech / PharmaSeed$1.5M$14.9Msame 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
Continuum Biosciences, Inc.Biotech / PharmaPre-Seed$25.6M87%
Animal Biosciences, Inc.Biotech / PharmaSeed$31.6M86%
Fairfield Bio, Inc.Biotech / PharmaPre-Seed$796K85%
Outer Biosciences, LLCBiotech / PharmaSeed$66.0M85%
Life Biosciences LLCBiotech / PharmaSeries C$2.8B85%
Anubis Bio Corp.Biotech / PharmaPre-Seed$15.3M85%
Me Biosciences, Inc.Biotech / PharmaPre-Seed$25.6M84%
Hollister Biosciences Inc.Biotech / PharmaSeries A$21.2M84%
Frequently asked
How much funding has Split Biosciences, Inc. raised?
Split Biosciences, Inc. has raised approximately $1.8M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Split Biosciences, Inc.'s estimated valuation?
Provath's modeled valuation for Split Biosciences, Inc. is approximately $23.0M (modeled range $413K–$180.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Split Biosciences, Inc. at?
Split Biosciences, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Aug 27.
What does Split Biosciences, Inc. do and where is it based?
Split Biosciences, Inc. operates in the Biotech / Pharma sector, based in SEATTLE.
Explore related

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