Companies · Biotechnology

Aduro Biotech, Inc.

BERKELEY · Biotechnology

Diligence memoA one-page analyst read on Aduro Biotech, Inc. — recommendation, valuation, rhythm, risks.
$131.0M
Total raised · real
9
Rounds
1.3×
Latest step-up
Top 8%
Sector rank · raised
Series C
Latest stage · inferred · Fri Dec 19 2014 00:00:00 GMT+0000 (Coordinated Universal Time)

Aduro Biotech, Inc. looks fair against its niche peers and is dormant 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.

Fair
  • Modeled value is 0.93× the median modeled value of Series C Biotechnology companies in 2013–2015 (41 peers) — value vs value, same stage and era.
  • Within the normal band (93% of peer median) for its niche.
Dormant
  • Last raise 11.5 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal 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 Biotechnology

Aduro Biotech, Inc. is one of 4293 Biotechnology companies tracked from BERKELEY. By capital raised it ranks among the largest (ahead of 93% of sector peers), and among the largest 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
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$1.3B$2.5B$3.8B$5.0BSeed · 2008-12-02 Raised $1.8M (real) Modeled valuation $79M (est)Seed2008Seed · 2009-11-03 Raised $1.2M (real) Modeled valuation $52M (est)Seed2009Seed · 2010-03-05 Raised $769K (real) Modeled valuation $34M (est)Seed2010Seed · 2011-04-15 Raised $2.2M (real) Modeled valuation $99M (est)Seed2011Series B · 2011-04-15 Raised $26M (real) Modeled valuation $1.0B (est)Series B2011Series B · 2011-10-24 Raised $512K (real) Modeled valuation $20M (est)Series B2011Series B · 2013-08-12 Raised $7.0M (real) Modeled valuation $278M (est)Series B2013Series C · 2014-05-30 Raised $41M (real) Modeled valuation $1.7B (est)Series C2014Series C · 2014-12-19 Raised $51M (real) Modeled valuation $2.1B (est)Series C2014+$1.2M+$769K+$2.2M+$26M+$512K+$7.0M+$41M+$51MCumulative $131M

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$1.8M · 2008
Seed extension$1.2M · 2009
Seed extension$769K · 2010
Seed extension$2.2M · 2011
Series B$25.6M · 2011no Series A on file
Series B extension$512K · 2011
Series B extension$7.0M · 2013
Series C$40.6M · 2014
Series C extension$51.4M · 2014

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$2.1B
Base estimate est.
$159.0M
Conservative case
$5.5B
Upside case
$342.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Seed · modeled $78.8M · 2008-12-022008Seed · modeled $52.2M · 2009-11-03Seed · modeled $34.1M · 2010-03-05Seed · modeled $99.0M · 2011-04-15Series B · modeled $1.0B · 2011-04-15Series B · modeled $20.3M · 2011-10-24Series B · modeled $277.8M · 2013-08-12Series C · modeled $1.7B · 2014-05-30Series C · modeled $2.1B · 2014-12-192014
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
62%
Survival probability
46% low · 72% high
1.46×/yr
Annual markup
1.68×/yr upside case
6.0 yr
Elapsed time used
11.5 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$21.7M/yr
Capital velocity
17.6 yr
On record since
2008
First round
9
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) 18× above median
This company$131.0M
Sector median$7.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.1× above median
This company$51.4M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 33× above median
This company$2.1B
Sector median$64.2M

Raised more than 93% of sector peers (real $). Modeled value above 95% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #24 of 41.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Antigenics LLC/DE · Series C Raised $100.0M · modeled $4.1B (est)Naurex Inc. · Series C Raised $156.0M · modeled $3.3B (est)Fluidigm Corp · Series C Raised $111.0M · modeled $3.1B (est)Tengion Inc · Series C Raised $121.7M · modeled $3.0B (est)Spark Therapeutics, Inc. · Series C Raised $72.8M · modeled $3.0B (est)X-Co Holdings, LP · Series C Raised $71.0M · modeled $2.9B (est)REGENXBIO Inc. · Series C Raised $105.9M · modeled $2.9B (est)C4 Therapeutics, Inc. · Series C Raised $70.3M · modeled $2.9B (est)Intra-Cellular Therapies, Inc. · Series C Raised $70.3M · modeled $2.9B (est)Intellia Therapeutics, Inc. · Series C Raised $70.0M · modeled $2.9B (est)Chiasma Inc · Series C Raised $150.5M · modeled $2.9B (est)AveXis, Inc. · Series C Raised $65.0M · modeled $2.7B (est)Aduro Biotech, Inc. (this company) Raised $131.0M · modeled $2.1B (est)Aduro Biotech, Inc.
CompanyStageRaised · realValue · estvs peer med.
Antigenics LLC/DESeries C$100.0M$4.1B1.81×
Naurex Inc.Series C$156.0M$3.3B1.45×
Fluidigm CorpSeries C$111.0M$3.1B1.39×
Tengion IncSeries C$121.7M$3.0B1.34×
Spark Therapeutics, Inc.Series C$72.8M$3.0B1.32×
X-Co Holdings, LPSeries C$71.0M$2.9B1.29×
REGENXBIO Inc.Series C$105.9M$2.9B1.28×
C4 Therapeutics, Inc.Series C$70.3M$2.9B1.27×
Intra-Cellular Therapies, Inc.Series C$70.3M$2.9B1.27×
Intellia Therapeutics, Inc.Series C$70.0M$2.9B1.27×
Chiasma IncSeries C$150.5M$2.9B1.26×
AveXis, Inc.Series C$65.0M$2.7B1.18×
Aduro Biotech, Inc. this companySeries C$131.0M$2.1B0.93×
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$1.8M2008-12-02$8.9M$78.8M90%
Seed$1.2M2009-11-03$5.9M$52.2M90%
Seed$769K2010-03-05$3.8M$34.1M90%
Seed$2.2M2011-04-15$11.1M$99.0M90%
Series B$25.6M2011-04-15$142.1M$1.0B90%
Series B$512K2011-10-24$2.8M$20.3M90%
Series B$7.0M2013-08-12$38.9M$277.8M90%
Series C$40.6M2014-05-30$270.7M$1.7B90%
Series C$51.4M2014-12-19$342.6M$2.1B90%
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$1.8M2008-12-02
    • First recorded raise — entered as Seed.
  2. Seed$1.2M2009-11-03
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
  3. Seed$769K2010-03-05
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
  4. Seed$2.2M2011-04-15
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
  5. Series B$25.6M2011-04-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 11.5× larger than the prior — scaling up.
  6. Series B$512K2011-10-24
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 49.9× smaller than the prior — bridge or down round.
  7. Series B$7.0M2013-08-12
    • Raised again after 22 mo — slower than the ~14 mo sector norm.
    • Round 13.7× larger than the prior — scaling up.
  8. Series C$40.6M2014-05-30
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 5.8× larger than the prior — scaling up.
  9. Series C$51.4M2014-12-19
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
Intelligence
2015 ~Q3
Modeled next raise · ~9mo cadence
$65.0M
Modeled next size est.range $51.4M$104.1M
1.3×
Last step-up
$21.7M/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
Frank McCormick6 other2013-08
Stephanie O'Brien6 other2013-08
Ross Haghighat3 other2013-08
Christopher D. Ray1 other2008-12
Gregory W. Schafer1 other2014-12
Stephen T. Isaacs1 other2008-12
Thomas W. Dubensky1 other2014-12
Dale H. Stevens2008-12
David David Fischell2008-12
Dirk G. Brockstedt2014-12
Drew David Pardoll2010-03
Frank David McCormick2010-03
Gerald David Chan2014-05
Gregory David Schafer2013-08
Jennifer David Lew2014-05
Jennifer W. Lew2014-12
Ross David Haghighat2010-03
Ross E. Haghighat2008-12
Rudy E. Mazzocchi2008-12
S. David Model2008-12
Seth David Model2013-08
Stephanie David O'Brien2011-04
Stephen Isaacs2013-08
William David Greenman2010-03
Registry & provenance

Aduro Biotech, 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
1435049
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
Tempest Therapeutics, Inc.BiotechnologySeries C$180.4M$307.4Mnetwork1 shared operator · same sector · same stage
EXUMA Biotech Corp.BiotechnologySeries C$63.0M$776.2Mnetwork1 shared operator · same sector · same stage
X-Biotix Therapeutics, Inc.BiotechnologySeries A$13.4M$145.0Mnetwork2 shared operators · same sector
Icosavax, Inc.BiotechnologySeries C$129.7M$3.1Bsame sector · same stage
Arvinas, Inc.BiotechnologySeries C$129.1M$1.3Bsame sector · same stage
Trevi Therapeutics, Inc.BiotechnologySeries C$128.3M$1.1Bsame sector · same stage
IntegenX IncBiotechnologySeries C$133.9M$2.0Bsame sector · same stage
G1 Therapeutics, Inc.BiotechnologySeries C$134.9M$2.0Bsame sector · same stage
Frequently asked
How much funding has Aduro Biotech, Inc. raised?
Aduro Biotech, Inc. has raised approximately $131.0M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Aduro Biotech, Inc.'s estimated valuation?
Provath's modeled valuation for Aduro Biotech, Inc. is approximately $2.1B (modeled range $159.0M–$5.5B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Aduro Biotech, Inc. at?
Aduro Biotech, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Dec 19.
What does Aduro Biotech, Inc. do and where is it based?
Aduro Biotech, Inc. operates in the Biotechnology sector, based in BERKELEY.
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