PhotoPharmics

Lehi, UT · Founded 2011 · Privately Held (backing)

Developer of non-invasive therapies designed to improve the lives of patients suffering from neurological disorders and addictions. PhotoPharmics is based in Lehi, UT and was founded in 2011. It was valued at $51.8 million at its later-stage round in Nov 2025, the last priced event on record. It has raised $50.9 million across 8 recorded rounds; the latest was a $26.2 million early-stage round in Oct 2023.

PMV mark · valuation
$51.8M
Oct 2026
Priced at
its later-stage round
Nov 2025
Total raised
$50.9M
Last round
Early Stage VC
Oct 2023
What is PhotoPharmics worth?
$51.8MPrivateMarketView mark · Oct 2026

Valued at $51.8M at its later-stage round, Nov 2025. Nothing has traded since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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PhotoPharmics funding history

8 rounds
DateRoundRaisedPost-money
Oct 2023Early Stage VC$26.2M▮
Dec 2020Seed Round$2.5M▮
Sep 2019Early Stage VC$6.6M▮
Feb 2017Debt$2.7M▮
Jan 2017Seed Round$2.3M▮
Jun 2015Debt$2.1M▮
+ 2 earlier rounds · a free account shows the full history
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PhotoPharmics valuation

PhotoPharmics was valued at $51.8 million at its later-stage round in Nov 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has PhotoPharmics raised?

PhotoPharmics has raised $50.9 million across 8 recorded rounds since 2012. The largest was a $6.6 million early-stage round in Sep 2019; the most recent was a $26.2 million early-stage round in Oct 2023.

PhotoPharmics has filed 9 Form Ds with the SEC since 2012, most recently in Apr 2025 ($23.9 million sold to 27 investors).

How PhotoPharmics's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For PhotoPharmics, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about PhotoPharmics

What is PhotoPharmics worth?
PhotoPharmics is valued at $51.8M as of Oct 2026. Valued at $51.8M at its later-stage round, Nov 2025. Nothing has traded since.
How much has PhotoPharmics raised?
PhotoPharmics has raised $50.9M in total funding across 8 recorded rounds.
When did PhotoPharmics last raise?
PhotoPharmics last raised in Oct 2023 (Early Stage VC), raising $26.2M.