Companies · Pharmaceuticals

Urigen Pharmaceuticals, Inc.

NEW BRUNSWICK · Pharmaceuticals

Diligence memoA one-page analyst read on Urigen Pharmaceuticals, Inc. — recommendation, valuation, rhythm, risks.
$7.1M
Total raised · real
6
Rounds
0.3×
Latest step-up
Top 53%
Sector rank · raised
Seed
Latest stage · inferred · Tue Dec 12 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Urigen Pharmaceuticals, Inc. looks under-valued against its niche peers and is at-risk 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.

Under-valued
  • Modeled value is 0.66× the median modeled value of Seed Pharmaceuticals companies in 2022–2024 (50 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.6 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Urigen Pharmaceuticals, Inc. is one of 1610 Pharmaceuticals companies tracked from NEW BRUNSWICK. By capital raised it ranks mid-pack (ahead of 48% of sector peers), and in the long tail 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
6
Investors (latest)
2023-12-12
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$100MPre-Seed · 2013-07-03 Raised $856K (real) Modeled valuation $40M (est)Pre-Seed2013Pre-Seed · 2013-07-03 Raised $750K (real) Modeled valuation $35M (est)Pre-Seed2013Pre-Seed · 2015-07-01 Raised $300K (real) Modeled valuation $14M (est)Pre-Seed2015Pre-Seed · 2017-03-30 Raised $500K (real) Modeled valuation $24M (est)Pre-Seed2017Seed · 2018-01-26 Raised $1.4M (real) Modeled valuation $52M (est)Seed2018Seed · 2020-10-21 Raised $3.0M (real) Modeled valuation $98M (est)Seed2020Seed · 2023-12-12 Raised $1.0M (real) Modeled valuation $6.3M (est)Seed2023+$750K+$300K+$500K+$1.4M+$3.0M+$1.0MCumulative $7.8M

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
Pre-Seed$856K · 2013
Pre-Seed extension$750K · 2013
Pre-Seed extension$300K · 2015
Pre-Seed extension$500K · 2017
Seed$1.4M · 2018
Seed extension$3.0M · 2020
Seed extension$1.0M · 2023

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

Modeled valuation trajectory
$6.3M
Base estimate est.
$756K
Conservative case
$19.6M
Upside case
$5.0M
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 pharma sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $40.5M · 2013-07-032013Pre-Seed · modeled $35.5M · 2013-07-03Pre-Seed · modeled $14.2M · 2015-07-01Pre-Seed · modeled $23.7M · 2017-03-30Seed · modeled $52.4M · 2018-01-26Seed · modeled $97.9M · 2020-10-21Seed · modeled $6.3M · 2023-12-122023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
34%
Survival probability
15% low · 52% high
1.68×/yr
Annual markup
2.20×/yr upside case
2.5 yr
Elapsed time used
2.5 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
21 mo
Avg between rounds
$676K/yr
Capital velocity
13.0 yr
On record since
2013
First round
7
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) 0.9× of median
This company$7.1M
Sector median$8.1M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$1.0M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$6.3M
Sector median$76.1M

Raised more than 48% of sector peers (real $). Modeled value above 11% 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 #34 of 50.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Celeris Therapeutics, Inc. · Seed Raised $3.0M · modeled $48.6M (est)Oligomerix, Inc. · Seed Raised $8.3M · modeled $37.8M (est)2A Biosciences, Inc. · Seed Raised $3.8M · modeled $36.0M (est)Myosin Therapeutics Inc. · Seed Raised $3.0M · modeled $32.4M (est)Eluciderm Inc. · Seed Raised $3.8M · modeled $31.7M (est)AION Healthspan, Inc. · Seed Raised $2.9M · modeled $28.5M (est)Cannabinoid API Solutions, LLC · Seed Raised $2.2M · modeled $27.4M (est)CanaQuest Medical Corp. · Seed Raised $2.0M · modeled $22.8M (est)M Chest Institutional Pharmacy Group, LLC · Seed Raised $3.7M · modeled $21.4M (est)Vitalis Therapeutics, Inc. · Seed Raised $2.0M · modeled $20.8M (est)Visiox Pharma, LLC · Seed Raised $1.3M · modeled $17.5M (est)Adtech Pharma, Inc. · Seed Raised $3.0M · modeled $16.9M (est)Urigen Pharmaceuticals, Inc. (this company) Raised $7.1M · modeled $6.3M (est)Urigen Pharmaceuticals, Inc.
CompanyStageRaised · realValue · estvs peer med.
Celeris Therapeutics, Inc.Seed$3.0M$48.6M5.06×
Oligomerix, Inc.Seed$8.3M$37.8M3.93×
2A Biosciences, Inc.Seed$3.8M$36.0M3.74×
Myosin Therapeutics Inc.Seed$3.0M$32.4M3.37×
Eluciderm Inc.Seed$3.8M$31.7M3.29×
AION Healthspan, Inc.Seed$2.9M$28.5M2.96×
Cannabinoid API Solutions, LLCSeed$2.2M$27.4M2.85×
CanaQuest Medical Corp.Seed$2.0M$22.8M2.37×
M Chest Institutional Pharmacy Group, LLCSeed$3.7M$21.4M2.22×
Vitalis Therapeutics, Inc.Seed$2.0M$20.8M2.16×
Visiox Pharma, LLCSeed$1.3M$17.5M1.82×
Adtech Pharma, Inc.Seed$3.0M$16.9M1.76×
Urigen Pharmaceuticals, Inc. this companySeed$7.1M$6.3M0.66×
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.
Pre-Seed$856K2013-07-03$4.8M$40.5M85%
Pre-Seed$750K2013-07-03$4.2M$35.5M85%
Pre-Seed$300K2015-07-01$1.7M$14.2M85%
Pre-Seed$500K2017-03-30$2.8M$23.7M90%
Seed$1.4M2018-01-26$6.9M$52.4M90%
Seed$3.0M2020-10-21$15.1M$97.9M90%
Seed$1.0M2023-12-12$5.0M$6.3M90%
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. Pre-Seed$856K2013-07-03
    • First recorded raise — entered as Pre-Seed.
    • 17 investors on this round.
  2. Pre-Seed$750K2013-07-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 06 (was Rule 506(b)).
    • 12 investors on this round.
  3. Pre-Seed$300K2015-07-01
    • Raised again after 24 mo — slower than the ~13 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  4. Pre-Seed$500K2017-03-30
    • Raised again after 21 mo — slower than the ~13 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 5 investors on this round.
  5. Seed$1.4M2018-01-26
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 22 investors on this round.
  6. Seed$3.0M2020-10-21
    • Raised again after 33 mo — slower than the ~13 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 32 investors on this round.
  7. Seed$1.0M2023-12-12
    • Raised again after 38 mo — slower than the ~13 mo sector norm.
    • Round 3.0× smaller than the prior — bridge or down round.
    • 6 investors on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~21mo cadence
$1.0M
Modeled next size est.range $1.0M$1.6M
0.3×
Last step-up
$676K/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
MARK J. ROSENBLUM2 other2015-07
Abe Lowell Hahn2017-03
A. Luc Maasdorp2015-07
Carlo Lowell Di Fonzo2017-03
C. Lowell Parsons2013-07
Daniel Vickery2023-12
Dan Vickery2013-07
Michael J. Goldberg2015-07
Michael J. Nordlicht2015-07
Robert Lowell Evans2020-10
Registry & provenance

Urigen Pharmaceuticals, 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
932352
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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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
Soligenix, Inc.PharmaceuticalsSeries A$60.8M87%
Humanigen, IncPharmaceuticalsSeries B$16.8M86%
Urica Therapeutics, Inc.BiotechnologySeed$28.3M83%
UroGen Pharma Ltd.PharmaceuticalsSeries D+$1.7B83%
Mirum Pharmaceuticals, Inc.PharmaceuticalsSeries C$347.9M83%
Havix Group, IncPharmaceuticalsSeed$22.8M82%
Pelage Pharmaceuticals, Inc.PharmaceuticalsSeries D+$900.8M82%
Harmony Biosciences II, Inc.PharmaceuticalsSeries D+$1.8B82%
Frequently asked
How much funding has Urigen Pharmaceuticals, Inc. raised?
Urigen Pharmaceuticals, Inc. has raised approximately $7.1M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Urigen Pharmaceuticals, Inc.'s estimated valuation?
Provath's modeled valuation for Urigen Pharmaceuticals, Inc. is approximately $6.3M (modeled range $756K–$19.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Urigen Pharmaceuticals, Inc. at?
Urigen Pharmaceuticals, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Dec 12.
What does Urigen Pharmaceuticals, Inc. do and where is it based?
Urigen Pharmaceuticals, Inc. operates in the Pharmaceuticals sector, based in NEW BRUNSWICK.
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