Diligence memo · auto-generated · as of July 3, 2026
TRACT Therapeutics, Inc.
TRACT Therapeutics, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
TRACT Therapeutics, Inc. operates in Biotechnology, based in CHICAGO.
Sub-sector tags: pharma.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
TRACT Therapeutics, Inc. has raised $15M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $15M on 2019-03-18.
Most recent recorded round closed around 2019-03-18.
Valuation (modeled)modeled
Provath models TRACT Therapeutics, Inc. at approximately $542M (range $16M–$2.9B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 3.00× the median modeled value of Series A Biotechnology companies in 2019–2021 (216 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 7.3 yr ago; this sector typically re-raises about every 14 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 63% of Biotechnology peers (4293 compared).
Modeled value ranks above 84% of those peers.
Closest niche peers: TechAccel, LLC, Arrakis Therapeutics, Inc., Trident Labs, Inc., Meissa Vaccines Inc, Vibe Bioscience Ltd..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.