Diligence memo · auto-generated · as of July 3, 2026
Xeno Biosciences Inc.
Xeno Biosciences Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Xeno Biosciences Inc. operates in Biotechnology, based in CAMBRIDGE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Xeno Biosciences Inc. has raised $12M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $9.4M on 2021-07-22.
Most recent recorded round closed around 2022-12-22.
Valuation (modeled)modeled
Provath models Xeno Biosciences Inc. at approximately $16M (range $1.6M–$51M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.37× the median modeled value of Series A Biotechnology companies in 2022–2024 (303 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 18 months.
Last raise 3.5 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.
The last round was 6.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 59% of Biotechnology peers (4293 compared).
Modeled value ranks above 25% of those peers.
Closest niche peers: GeoVax Labs, Inc., Cellinfinity Bio Holding Company, LLC, Adient Medical, Inc., Entegrion Inc, BCD Bioscience, Inc..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.