Companies · Biotechnology

Xenetic Biosciences, Inc.

FRAMINGHAM · Biotechnology

Diligence memoA one-page analyst read on Xenetic Biosciences, Inc. — recommendation, valuation, rhythm, risks.
$17.6M
Total raised · real
5
Rounds
0.6×
Latest step-up
Top 35%
Sector rank · raised
Series A
Latest stage · inferred · Wed Oct 12 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Xenetic Biosciences, 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 biotech 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 0.13× the median modeled value of Series A Biotechnology companies in 2022–2024 (303 peers) — value vs value, same stage and era.
  • Issuer reports $1M–$5M revenue while modeled below niche peers.
At-risk
  • Last raise 3.7 yr ago; this sector typically re-raises about every 14 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 Biotechnology

Xenetic Biosciences, Inc. is one of 4293 Biotechnology companies tracked from FRAMINGHAM. By capital raised it ranks mid-pack (ahead of 66% 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
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
1
Investors (latest)
2022-10-12
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$125M$250M$375M$500MSeed · 2019-03-05 Raised $3.5M (real) Modeled valuation $155M (est)$3.5M$155MSeed2019Seed · 2019-07-03 Raised $252K (real) Modeled valuation $11M (est)$252K$11MSeed2019Series A · 2021-07-28 Raised $13M (real) Modeled valuation $269M (est)$13M$269MSeries A2021Series A · 2022-04-26 Raised $866K (real) Modeled valuation $13M (est)$866K$13MSeries A2022Series A · 2022-10-12 Raised $489K (real) Modeled valuation $5.9M (est)$489K$5.9MSeries A2022+$252K+$13M+$866K+$489KCumulative $18M

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$3.5M · 2019
Seed extension$252K · 2019
Series A$12.5M · 2021
Series A extension$866K · 2022
Series A extension$489K · 2022

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: 67%.

Modeled valuation trajectory
$5.9M
Base estimate est.
$533K
Conservative case
$18.9M
Upside case
$2.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Seed · modeled $154.8M · 2019-03-052019Seed · modeled $11.2M · 2019-07-03Series A · modeled $269.4M · 2021-07-28Series A · modeled $13.0M · 2022-04-26Series A · modeled $5.9M · 2022-10-122022
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
44%
Survival probability
24% low · 60% high
1.62×/yr
Annual markup
2.04×/yr upside case
3.7 yr
Elapsed time used
3.7 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$4.9M/yr
Capital velocity
7.3 yr
On record since
2019
First round
5
Rounds on file
How it compares to the market

Benchmarked against 4293 companies in Biotechnology. 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) 2.4× above median
This company$17.6M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$489K
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$5.9M
Sector median$64.2M

Raised more than 66% of sector peers (real $). Modeled value above 12% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #274 of 303.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)GeoVax Labs, Inc. · Series A Raised $39.1M · modeled $217.3M (est)Cellinfinity Bio Holding Company, LLC · Series A Raised $13.2M · modeled $216.2M (est)Adient Medical, Inc. · Series A Raised $18.2M · modeled $207.1M (est)Entegrion Inc · Series A Raised $22.7M · modeled $191.5M (est)BCD Bioscience, Inc. · Series A Raised $16.4M · modeled $189.2M (est)Pragma Biosciences Inc. · Series A Raised $14.5M · modeled $186.2M (est)MicroByre, Inc. · Series A Raised $16.1M · modeled $185.9M (est)Cardiac Insight, Inc. · Series A Raised $38.1M · modeled $184.0M (est)Cardiac Implants LLC · Series A Raised $13.5M · modeled $178.4M (est)Abintus Bio, Inc. · Series A Raised $13.7M · modeled $177.4M (est)Mosaic Biosciences, Inc. · Series A Raised $14.7M · modeled $176.4M (est)Mazen Animal Health Inc. · Series A Raised $13.5M · modeled $169.0M (est)Xenetic Biosciences, Inc. (this company) Raised $17.6M · modeled $5.9M (est)Xenetic Biosciences, Inc.
CompanyStageRaised · realValue · estvs peer med.
GeoVax Labs, Inc.Series A$39.1M$217.3M4.90×
Cellinfinity Bio Holding Company, LLCSeries A$13.2M$216.2M4.87×
Adient Medical, Inc.Series A$18.2M$207.1M4.67×
Entegrion IncSeries A$22.7M$191.5M4.32×
BCD Bioscience, Inc.Series A$16.4M$189.2M4.27×
Pragma Biosciences Inc.Series A$14.5M$186.2M4.20×
MicroByre, Inc.Series A$16.1M$185.9M4.19×
Cardiac Insight, Inc.Series A$38.1M$184.0M4.15×
Cardiac Implants LLCSeries A$13.5M$178.4M4.02×
Abintus Bio, Inc.Series A$13.7M$177.4M4.00×
Mosaic Biosciences, Inc.Series A$14.7M$176.4M3.98×
Mazen Animal Health Inc.Series A$13.5M$169.0M3.81×
Xenetic Biosciences, Inc. this companySeries A$17.6M$5.9M0.13×
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$3.5M2019-03-05$17.4M$154.8M90%
Seed$252K2019-07-03$1.3M$11.2M90%
Series A$12.5M2021-07-28$56.8M$269.4M90%
Series A$866K2022-04-26$3.9M$13.0M90%
Series A$489K2022-10-12$2.2M$5.9M90%
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$3.5M2019-03-05
    • First recorded raise — entered as Seed.
    • 3 investors on this round.
  2. Seed$252K2019-07-03
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 13.9× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  3. Series A$12.5M2021-07-28
    • Raised again after 25 mo — slower than the ~14 mo sector norm.
    • Round 49.7× larger than the prior — scaling up.
    • 1 investor on this round.
  4. Series A$866K2022-04-26
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 14.4× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  5. Series A$489K2022-10-12
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2023 ~Q3
Modeled next raise · ~11mo cadence
$489K
Modeled next size est.range $489K$782K
0.6×
Last step-up
$4.9M/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
Jeffrey Eisenberg3 other2019-03
Roger Kornberg3 other2019-03
Curtis Lockshin2 other2019-03
Grigory Borisenko2 other2021-07
ADAM LOGAL1 other2019-03
Alexey Vinogradov1 other2021-07
James Parslow1 other2019-03
Dmitry Genkin2019-03
Firdaus Dastoor2019-03
James Callaway2019-03
Roman Knyazev2019-03
Registry & provenance

Xenetic 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
1534525
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
Sorrento Therapeutics, Inc.BiotechnologySeries A$19.8M$66.9Mnetwork1 shared operator · same sector · same stage
Mabvax Therapeutics Holdings, Inc.BiotechnologySeries A$25.0M$30.0Mnetwork1 shared operator · same sector · same stage
TearSolutions, Inc.BiotechnologySeries A$39.5M$1.4Mnetwork1 shared operator · same sector · same stage
Calviri IncBiotechnologySeries A$17.4M$3.5Msame sector · same stage
MAIA Biotechnology, Inc.BiotechnologySeries A$19.6M$3.9Msame sector · same stage
BioRestorative Therapies, Inc.BiotechnologySeries A$19.8M$4.0Msame sector · same stage
Bioscience Americas, LLCBiotechnologySeries A$15.1M$4.3Msame sector · same stage
Lapix Therapeutics Inc.BiotechnologySeries A$14.9M$6.9Msame 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
Xeno Biosciences Inc.BiotechnologySeries A$16.4M96%
X-Biomedical Inc.BiotechnologyPre-Seed$23.5M93%
XenoTherapeutics CorpBiotechnologySeed$39.0M92%
Xcell Biosciences, Inc.BiotechnologySeries B$8.3M92%
X-Vax Technology, Inc.BiotechnologySeries C$2.3B90%
Xenon Ophthalmics IncBiotechnologySeed$105.0M90%
Xanadu Bio, Inc.BiotechnologySeries A$33.7M89%
Xsphera Biosciences IncBiotechnologySeries A$117.4M89%
Frequently asked
How much funding has Xenetic Biosciences, Inc. raised?
Xenetic Biosciences, Inc. has raised approximately $17.6M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Xenetic Biosciences, Inc.'s estimated valuation?
Provath's modeled valuation for Xenetic Biosciences, Inc. is approximately $5.9M (modeled range $533K–$18.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Xenetic Biosciences, Inc. at?
Xenetic Biosciences, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Oct 12.
What does Xenetic Biosciences, Inc. do and where is it based?
Xenetic Biosciences, Inc. operates in the Biotechnology sector, based in FRAMINGHAM.
Explore related

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