Companies · Pharmaceuticals

Tris Pharma, Inc.

MONMOUTH JUNCTION · Pharmaceuticals

Diligence memoA one-page analyst read on Tris Pharma, Inc. — recommendation, valuation, rhythm, risks.
$125.0M
Total raised · real
1
Rounds
Latest step-up
Top 8%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Sep 21 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Tris Pharma, 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 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 D+ Pharmaceuticals companies in 2016–2018 (11 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Dormant
  • Last raise 7.8 yr ago; this sector typically re-raises about every 13 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

Tris Pharma, Inc. is one of 1610 Pharmaceuticals companies tracked from MONMOUTH JUNCTION. By capital raised it ranks among the largest (ahead of 93% of sector peers), and among the largest 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
3
Investors (latest)
2018-09-21
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$1.3B$2.5B$3.8B$5.0BSeries D+ · 2018-09-21 Raised $125M (real) Modeled valuation $4.4B (est)$125M$4.4BSeries D+2018

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 D+$125.0M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$4.4B
Base estimate est.
$595.0M
Conservative case
$9.7B
Upside case
$1.0B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
71%
Survival probability
57% low · 79% high
1.35×/yr
Annual markup
1.51×/yr upside case
6.0 yr
Elapsed time used
7.8 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
7.8 yr
On record since
2018
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1610 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) 15× above median
This company$125.0M
Sector median$8.1M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.1× above median
This company$125.0M
Sector median$111.8M
Modeled value — vs sector median (estimate, all stages) 58× above median
This company$4.4B
Sector median$76.1M

Raised more than 93% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #6 of 11.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$100.0B$100.0M$1.0BCapital raised (log)Concordia International Corp. · Series D+ Raised $228.0M · modeled $8.1B (est)Surterra Holdings, Inc./DE · Series D+ Raised $230.4M · modeled $5.8B (est)Ironwood Pharmaceuticals Inc · Series D+ Raised $350.0M · modeled $5.3B (est)Melinta Therapeutics, Inc. /New/ · Series D+ Raised $346.8M · modeled $4.9B (est)Beam Therapeutics Inc. · Series D+ Raised $218.6M · modeled $4.8B (est)Ardelyx, Inc. · Series D+ Raised $210.4M · modeled $3.9B (est)Tesaro, Inc. · Series D+ Raised $255.0M · modeled $1.8B (est)Orexigen Therapeutics, Inc. · Series D+ Raised $274.6M · modeled $1.8B (est)Strongbridge Biopharma plc · Series D+ Raised $220.6M · modeled $1.2B (est)RxBio Holdings, Inc. · Series D+ Raised $128.7M · modeled $12.0M (est)Tris Pharma, Inc. (this company) Raised $125.0M · modeled $4.4B (est)Tris Pharma, Inc.
CompanyStageRaised · realValue · estvs peer med.
Concordia International Corp.Series D+$228.0M$8.1B1.82×
Surterra Holdings, Inc./DESeries D+$230.4M$5.8B1.32×
Ironwood Pharmaceuticals IncSeries D+$350.0M$5.3B1.20×
Melinta Therapeutics, Inc. /New/Series D+$346.8M$4.9B1.10×
Beam Therapeutics Inc.Series D+$218.6M$4.8B1.08×
Tris Pharma, Inc. this companySeries D+$125.0M$4.4B1.00×
Ardelyx, Inc.Series D+$210.4M$3.9B0.88×
Tesaro, Inc.Series D+$255.0M$1.8B0.40×
Orexigen Therapeutics, Inc.Series D+$274.6M$1.8B0.40×
Strongbridge Biopharma plcSeries D+$220.6M$1.2B0.28×
RxBio Holdings, Inc.Series D+$128.7M$12.0M0.00×
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 D+$125.0M2018-09-21$1.0B$4.4B90%
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 D+$125.0M2018-09-21
    • First recorded raise — entered as Series D+.
    • 3 investors on this round.
Intelligence
Modeled next raise
$200.0M
Modeled next size est.range $130.0M$320.0M
Last step-up
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
Smita Mehta3 other2018-09
Ketan Mehta1 other2018-09
Peter Ciano2018-09
Registry & provenance

Tris Pharma, 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
1754826
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
Day One Biopharmaceuticals Holding Co LLCPharmaceuticalsSeries D+$130.0M$3.9Bsame sector · same stage
UroGen Pharma Ltd.PharmaceuticalsSeries D+$120.0M$1.7Bsame sector · same stage
Reunion Neuroscience, Inc.PharmaceuticalsSeries D+$119.8M$1.5Bsame sector · same stage
Mineralys Therapeutics, Inc.PharmaceuticalsSeries D+$118.0M$2.4Bsame sector · same stage
Quoin Pharmaceuticals, Ltd.PharmaceuticalsSeries D+$113.8M$773.6Msame sector · same stage
DTx Pharma, Inc.PharmaceuticalsSeries D+$113.4M$2.9Bsame sector · same stage
Lb Pharmaceuticals IncPharmaceuticalsSeries D+$141.4M$1.5Bsame sector · same stage
HLS Therapeutics Inc.PharmaceuticalsSeries D+$142.8M$1.1Bsame 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
Triana Biomedicines, Inc.PharmaceuticalsSeries D+$852.1M87%
Triton Therapeutics, Inc.PharmaceuticalsSeries B$152.4M87%
Trigr Therapeutics, Inc.PharmaceuticalsSeries A$154.9M87%
Trieza Therapeutics, Inc.PharmaceuticalsSeries A$185.8M87%
Trillium Therapeutics Inc.PharmaceuticalsSeries B$679.2M86%
Tricida, Inc.PharmaceuticalsSeries C$2.0B84%
TP Therapeutics, Inc.PharmaceuticalsSeries C$2.8B83%
Centry Pharma, Inc.PharmaceuticalsSeries A$234.0M82%
Frequently asked
How much funding has Tris Pharma, Inc. raised?
Tris Pharma, Inc. has raised approximately $125.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Tris Pharma, Inc.'s estimated valuation?
Provath's modeled valuation for Tris Pharma, Inc. is approximately $4.4B (modeled range $595.0M–$9.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tris Pharma, Inc. at?
Tris Pharma, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Sep 21.
What does Tris Pharma, Inc. do and where is it based?
Tris Pharma, Inc. operates in the Pharmaceuticals sector, based in MONMOUTH JUNCTION.
Explore related

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