Companies · Pharma

XORTX Therapeutics Inc.

Calgary · Pharma · refined from filed group “Other

Diligence memoA one-page analyst read on XORTX Therapeutics Inc. — recommendation, valuation, rhythm, risks.
$2.3M
Total raised · real
2
Rounds
3.5×
Latest step-up
Top 56%
Sector rank · raised
Seed
Latest stage · inferred · Fri Oct 18 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

XORTX Therapeutics Inc. looks under-valued against its niche peers and is quiet 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 0.53× the median modeled value of Seed Pharma companies in 2022–2024 (18 peers) — value vs value, same stage and era.
Quiet
  • Last raise 20 mo ago; this sector typically re-raises about every 16 months.
  • Slightly overdue versus sector cadence.
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 Pharma

XORTX Therapeutics Inc. is one of 310 Pharma companies tracked from Calgary. By capital raised it ranks mid-pack (ahead of 45% 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2024-10-18
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$13M$25M$38M$50MPre-Seed · 2018-01-10 Raised $505K (real) Modeled valuation $24M (est)$505K$24MPre-Seed2018Seed · 2024-10-18 Raised $1.8M (real) Modeled valuation $7.2M (est)$1.8M$7.2MSeed2024+$1.8MCumulative $2.3M

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$505K · 2018
Seed$1.8M · 2024

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

Modeled valuation trajectory
$7.2M
Base estimate est.
$1.3M
Conservative case
$17.7M
Upside case
$8.8M
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 $23.9M · 2018-01-102018Seed · modeled $7.2M · 2024-10-182024
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
1.7 yr
Elapsed time used
1.7 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
81 mo
Avg between rounds
$336K/yr
Capital velocity
8.5 yr
On record since
2018
First round
2
Rounds on file
How it compares to the market

Benchmarked against 310 companies in Pharma. 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) 0.4× of median
This company$2.3M
Sector median$6.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.9× of median
This company$1.8M
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$7.2M
Sector median$62.5M

Raised more than 45% of sector peers (real $). Modeled value above 30% 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 #17 of 18.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Seal Rock Therapeutics, Inc. · Seed Raised $2.5M · modeled $42.5M (est)Diligent Pharma, Inc. · Seed Raised $3.5M · modeled $34.7M (est)A28 Therapeutics, Inc. · Seed Raised $1.9M · modeled $31.7M (est)Centaurus Therapeutics, Inc. · Seed Raised $2.0M · modeled $27.7M (est)Pathfinder Oncology, Inc. · Seed Raised $4.0M · modeled $19.9M (est)Arcade Therapeutics, Inc. · Seed Raised $1.5M · modeled $19.3M (est)D2 Pharma Consulting LLC · Seed Raised $1.6M · modeled $16.7M (est)NeuroLambda Therapeutics, Inc. · Seed Raised $3.0M · modeled $14.5M (est)Lorelei Integrated Therapeutics, Inc. · Seed Raised $1.0M · modeled $14.3M (est)NV Therapeutics, Inc. · Seed Raised $3.0M · modeled $12.8M (est)Inflammasome Therapeutics, Inc. · Seed Raised $6.2M · modeled $9.4M (est)CellVax Therapeutics, Inc. · Seed Raised $2.1M · modeled $8.8M (est)XORTX Therapeutics Inc. (this company) Raised $2.3M · modeled $7.2M (est)XORTX Therapeutics Inc.
CompanyStageRaised · realValue · estvs peer med.
Seal Rock Therapeutics, Inc.Seed$2.5M$42.5M3.13×
Diligent Pharma, Inc.Seed$3.5M$34.7M2.56×
A28 Therapeutics, Inc.Seed$1.9M$31.7M2.34×
Centaurus Therapeutics, Inc.Seed$2.0M$27.7M2.05×
Pathfinder Oncology, Inc.Seed$4.0M$19.9M1.47×
Arcade Therapeutics, Inc.Seed$1.5M$19.3M1.42×
D2 Pharma Consulting LLCSeed$1.6M$16.7M1.23×
NeuroLambda Therapeutics, Inc.Seed$3.0M$14.5M1.07×
Lorelei Integrated Therapeutics, Inc.Seed$1.0M$14.3M1.05×
NV Therapeutics, Inc.Seed$3.0M$12.8M0.95×
Inflammasome Therapeutics, Inc.Seed$6.2M$9.4M0.69×
CellVax Therapeutics, Inc.Seed$2.1M$8.8M0.65×
XORTX Therapeutics Inc. this companySeed$2.3M$7.2M0.53×
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$505K2018-01-10$2.8M$23.9M90%
Seed$1.8M2024-10-18$8.8M$7.2M90%
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$505K2018-01-10
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Seed$1.8M2024-10-18
    • Raised again after 81 mo — slower than the ~16 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2031 ~Q3
Modeled next raise · ~81mo cadence
$5.3M
Modeled next size est.range $3.4M$8.5M
3.5×
Last step-up
$336K/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
William Farley3 other2024-10
Alan Moore2 other2018-01
Anthony J. Giovinazzo2 other2024-10
John Meekison2 other2018-01
James Fairbairn1 other2024-10
Abigail J. Jenkins2024-10
Allen Davidoff2018-01
Bruce Rowlands2018-01
Patrick J. Treanor2024-10
Paul J. Van Damme2024-10
Raymond J. Pratt2024-10
Stacy Evans2024-10
Stephen Haworth2024-10
Registry & provenance

XORTX Therapeutics 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
1729214
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
Nob Hill Therapeutics, Inc.PharmaSeed$2.3M$8.0Msame sector · same stage
Piezo Therapeutics, Inc.PharmaSeed$2.3M$691Ksame sector · same stage
NeuroEM Therapeutics, Inc.PharmaSeed$2.3M$6.2Msame sector · same stage
Eikonizo Therapeutics, Inc.PharmaSeed$2.4M$14.1Msame sector · same stage
Ten63 Therapeutics, Inc.PharmaSeed$2.1M$62.5Msame sector · same stage
CellVax Therapeutics, Inc.PharmaSeed$2.1M$8.8Msame sector · same stage
Pykus Therapeutics, Inc.PharmaSeed$2.5M$73.0Msame sector · same stage
Deepbiome Therapeutics, Inc.PharmaSeed$2.5M$95.3Msame 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
Focus-X Therapeutics, Inc.PharmaSeed$51.7M84%
TesoRx Pharma, LLCPharmaceuticalsSeries A$9.0M83%
Nurix Therapeutics, Inc.PharmaSeries D+$4.2B81%
Neurexis Therapeutics, Inc.PharmaPre-Seed$16.1M81%
X-Cor Therapeutics Inc.PharmaPre-Seed$9.5M80%
MCAL Therapeutics Inc.PharmaSeries A$34.8M80%
X-Biotix Therapeutics, Inc.BiotechnologySeries A$145.0M80%
Manistee Therapeutics, Inc.PharmaSeries A$185.3M80%
Frequently asked
How much funding has XORTX Therapeutics Inc. raised?
XORTX Therapeutics Inc. has raised approximately $2.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is XORTX Therapeutics Inc.'s estimated valuation?
Provath's modeled valuation for XORTX Therapeutics Inc. is approximately $7.2M (modeled range $1.3M–$17.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is XORTX Therapeutics Inc. at?
XORTX Therapeutics Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Oct 18.
What does XORTX Therapeutics Inc. do and where is it based?
XORTX Therapeutics Inc. operates in the Pharma sector, based in Calgary.
Explore related

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