Peptinovo Biopharma

Peptinovo Biopharma

Open  for investment

About this raise

Peptinovo Biopharma, with a valuation of $19 million, is raising funds on Silicon Prairie Online. The company has developed a smart drug-delivery platform designed to specifically target cancer cells. Peptinovo Biopharma’s PALM platform aims to improve the effectiveness of chemotherapy drugs and minimize their harmful effects on patients. PALM exploits specific nutrient pathways and tricks the cancer cells to deliver approved chemotherapy drugs directly into the cancer cells. Ren Homan and Bill Elliott founded Peptinovo Biopharma in April 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.25 million. The campaign proceeds will be used for the growth and development of the platform.

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Investment Overview

Committed this round: $30,000

Deal Terms

Total Commitments

Platform
Silicon Prairie Online
Start Date
03/12/2025
Close Date
09/04/2025
Min. Goal
$50,000
Max Goal
$1,250,000
Min. Investment

$2,500

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.39

Pre-Money Valuation

$19,000,000

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
Biotech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Ann Arbor, Michigan
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Ren Homan
Title
Chief Scientific Officer
Founder Name
Bill Elliott
Title
Chief Technology Officer

Financials

as of Fiscal Year 2023
 Revenue -21.6% YoY
$1,545
 Monthly Burn
$60,000
 Runway
5.8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,545

$1,971

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,832,689

$-239,183

Summary Balance Sheet

FY 2023 FY 2022

Cash

$350,498

$59,735

Accounts Receivable

$0

$0

Total Assets

$2,243,238

$1,941,396

Short-Term Debt

$393,309

$396,329

Long-Term Debt

$3,755,900

$742,500

Total Liabilities

$4,149,209

$1,138,829

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$8,500,000
Grants
$45,900
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/04/2025 Silicon Prairie Online $19,000,000 $30,000 Equity - Preferred Active RegCF
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Add to portfolio
Peptinovo Biopharma on Silicon Prairie Online 2025
Platform: Silicon Prairie Online
Security Type: Equity - Preferred
Valuation: $19,000,000
Price per Share: $3.39

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