Companies · Pharma

SPR Therapeutics, Inc.

CLEVELAND · Pharma · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on SPR Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$81.6M
Total raised · real
8
Rounds
1.3×
Latest step-up
Top 13%
Sector rank · raised
Series B
Latest stage · inferred · Tue Jan 30 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

SPR Therapeutics, Inc. looks fair 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.

Fair
  • Modeled value is 1.00× the median modeled value of Series B Pharma companies in 2022–2024 (7 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Quiet
  • Last raise 2.4 yr ago; this sector typically re-raises about every 16 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 Pharma

SPR Therapeutics, Inc. is one of 310 Pharma companies tracked from CLEVELAND. By capital raised it ranks in the upper tier (ahead of 88% 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
39
Investors (latest)
2024-01-30
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$125M$250M$375M$500MSeed · 2011-10-01 Raised $2.2M (real) Modeled valuation $84M (est)Seed2011Pre-Seed · 2011-10-01 Raised $1000K (real) Modeled valuation $47M (est)Pre-Seed2011Seed · 2013-07-01 Raised $3.8M (real) Modeled valuation $143M (est)Seed2013Seed · 2013-11-01 Raised $3.9M (real) Modeled valuation $150M (est)Seed2013Seed · 2015-07-14 Raised $1.9M (real) Modeled valuation $73M (est)Seed2015Pre-Seed · 2015-07-14 Raised $519K (real) Modeled valuation $25M (est)Pre-Seed2015Series A · 2015-07-14 Raised $5.7M (real) Modeled valuation $177M (est)Series A2015Pre-Seed · 2017-04-30 Raised $582K (real) Modeled valuation $28M (est)Pre-Seed2017Series A · 2017-04-30 Raised $1.1M (real) Modeled valuation $34M (est)Series A2017Series A · 2017-09-08 Raised $15M (real) Modeled valuation $465M (est)Series A2017Series A · 2019-01-18 Raised $8.0M (real) Modeled valuation $248M (est)Series A2019Series B · 2021-08-20 Raised $20M (real) Modeled valuation $434M (est)Series B2021Series B · 2024-01-30 Raised $26M (real) Modeled valuation $212M (est)Series B2024Cumulative $89M

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$2.2M · 2011
Bridge · Seed-stage$1000K · 2011smaller follow-on
Seed extension$3.8M · 2013
Seed extension$3.9M · 2013
Seed extension$1.9M · 2015
Bridge · Seed-stage$519K · 2015smaller follow-on
Series A$5.7M · 2015
Bridge · Series A-stage$582K · 2017smaller follow-on
Series A extension$1.1M · 2017
Series A extension$15.0M · 2017
Series A extension$8.0M · 2019
Series B$20.0M · 2021
Series B extension$25.6M · 2024

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

Modeled valuation trajectory
$211.6M
Base estimate est.
$53.8M
Conservative case
$410.2M
Upside case
$142.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Seed · modeled $83.8M · 2011-10-012011Pre-Seed · modeled $47.3M · 2011-10-01Seed · modeled $142.7M · 2013-07-01Seed · modeled $149.6M · 2013-11-01Seed · modeled $73.2M · 2015-07-14Pre-Seed · modeled $24.6M · 2015-07-14Series A · modeled $177.3M · 2015-07-14Pre-Seed · modeled $27.5M · 2017-04-30Series A · modeled $34.4M · 2017-04-30Series A · modeled $464.6M · 2017-09-08Series A · modeled $247.8M · 2019-01-18Series B · modeled $433.8M · 2021-08-20Series B · modeled $211.6M · 2024-01-302024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
57%
Survival probability
38% low · 70% high
1.49×/yr
Annual markup
1.80×/yr upside case
2.4 yr
Elapsed time used
2.4 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$6.6M/yr
Capital velocity
14.8 yr
On record since
2011
First round
13
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) 13× above median
This company$81.6M
Sector median$6.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.3× above median
This company$25.6M
Sector median$19.0M
Modeled value — vs sector median (estimate, all stages) 3.4× above median
This company$211.6M
Sector median$62.5M

Raised more than 88% of sector peers (real $). Modeled value above 78% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #4 of 7.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Switch Therapeutics Inc. · Series B Raised $23.3M · modeled $326.3M (est)March Therapeutics, Inc. · Series B Raised $23.0M · modeled $289.3M (est)Affect Therapeutics, Inc. · Series B Raised $24.6M · modeled $232.4M (est)Multiply Labs, Inc. · Series B Raised $41.2M · modeled $126.0M (est)Notch Therapeutics, Inc. · Series B Raised $15.5M · modeled $113.8M (est)EIP Pharma, Inc. · Series B Raised $44.1M · modeled $8.3M (est)SPR Therapeutics, Inc. (this company) Raised $81.6M · modeled $211.6M (est)SPR Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Switch Therapeutics Inc.Series B$23.3M$326.3M1.54×
March Therapeutics, Inc.Series B$23.0M$289.3M1.37×
Affect Therapeutics, Inc.Series B$24.6M$232.4M1.10×
SPR Therapeutics, Inc. this companySeries B$81.6M$211.6M1.00×
Multiply Labs, Inc.Series B$41.2M$126.0M0.60×
Notch Therapeutics, Inc.Series B$15.5M$113.8M0.54×
EIP Pharma, Inc.Series B$44.1M$8.3M0.04×
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$2.2M2011-10-01$11.0M$83.8M85%
Pre-Seed$1000K2011-10-01$5.6M$47.3M85%
Seed$3.8M2013-07-01$18.8M$142.7M85%
Seed$3.9M2013-11-01$19.7M$149.6M85%
Seed$1.9M2015-07-14$9.6M$73.2M85%
Pre-Seed$519K2015-07-14$2.9M$24.6M85%
Series A$5.7M2015-07-14$26.0M$177.3M90%
Pre-Seed$582K2017-04-30$3.2M$27.5M90%
Series A$1.1M2017-04-30$5.1M$34.4M90%
Series A$15.0M2017-09-08$68.2M$464.6M90%
Series A$8.0M2019-01-18$36.4M$247.8M90%
Series B$20.0M2021-08-20$111.1M$433.8M90%
Series B$25.6M2024-01-30$142.5M$211.6M90%
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$2.2M2011-10-01
    • First recorded raise — entered as Seed.
    • 17 investors on this round.
  2. Pre-Seed$1000K2011-10-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  3. Seed$3.8M2013-07-01
    • Raised 21 mo later, in step with the ~16 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
  4. Seed$3.9M2013-11-01
    • Came back fast: 4 mo vs the ~16 mo sector norm.
    • Round roughly the size of the prior one.
    • 28 investors on this round.
  5. Seed$1.9M2015-07-14
    • Raised 20 mo later, in step with the ~16 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 23 investors on this round.
  6. Pre-Seed$519K2015-07-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.7× smaller than the prior — bridge or down round.
  7. Series A$5.7M2015-07-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 11.0× larger than the prior — scaling up.
    • 57 investors on this round.
  8. Pre-Seed$582K2017-04-30
    • Raised 22 mo later, in step with the ~16 mo sector norm.
    • Round 9.8× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  9. Series A$1.1M2017-04-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× larger than the prior — scaling up.
    • 12 investors on this round.
  10. Series A$15.0M2017-09-08
    • Came back fast: 4 mo vs the ~16 mo sector norm.
    • Round 13.5× larger than the prior — scaling up.
    • 1 investor on this round.
  11. Series A$8.0M2019-01-18
    • Raised 16 mo later, in step with the ~16 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  12. Series B$20.0M2021-08-20
    • Raised again after 31 mo — slower than the ~16 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 1 investor on this round.
  13. Series B$25.6M2024-01-30
    • Raised again after 29 mo — slower than the ~16 mo sector norm.
    • Round roughly the size of the prior one.
    • 39 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~12mo cadence
$32.9M
Modeled next size est.range $25.6M$52.6M
1.3×
Last step-up
$6.6M/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
Leonard M. Cosentino4 other2013-07
Geoffrey Thrope3 other2011-10
Geoffrey B. Thrope2 other2013-07
Marilyn A. Eisele2 other2015-07
Les Vinney1 other2011-10
Maria E. Bennett1 other2013-07
Michael C. Chuisano1 other2017-04
Nicholas J. Valeriani1 other2017-09
Ben J. Austin2019-01
Dave B. Youngberg2021-08
Dave C. Youngberg2017-04
Josh A. Boggs2015-07
Josh C. Boggs2017-04
Josh E. Boggs2021-08
Josh J. Boggs2024-01
Len Cosentino2011-10
Les C. Vinney2013-07
Maria Bennett2011-10
Mark A. Stulz2015-07
Mark B. Stulz2021-08
Mark C. Stulz2017-04
Michael E. Chuisano2021-08
Michael J. Chuisano2024-01
Patricia C. Shrader2013-07
Registry & provenance

SPR 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
1532647
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.

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Nuo Therapeutics, Inc.PharmaSeries B$46.3M$3.6Msame sector · same stage
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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
Spry Therapeutics Inc.PharmaSeries A$68.8M89%
CPR Therapeutics Inc.PharmaPre-Seed$452K85%
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St. James Therapeutics Inc.PharmaPre-Seed$2.7M83%
Pasithea Therapeutics Corp.PharmaSeries B$590.7M82%
Cyrano Therapeutics, Inc.PharmaSeries A$108.3M82%
AeroRx Therapeutics, Inc.PharmaSeries A$30.7M82%
Luma Therapeutics, Inc.PharmaSeed$77.9M82%
Frequently asked
How much funding has SPR Therapeutics, Inc. raised?
SPR Therapeutics, Inc. has raised approximately $81.6M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is SPR Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for SPR Therapeutics, Inc. is approximately $211.6M (modeled range $53.8M–$410.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is SPR Therapeutics, Inc. at?
SPR Therapeutics, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Jan 30.
What does SPR Therapeutics, Inc. do and where is it based?
SPR Therapeutics, Inc. operates in the Pharma sector, based in CLEVELAND.
Explore related

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