Companies · Biotechnology

Adverum Biotechnologies, Inc.

REDWOOD CITY · Biotechnology

Diligence memoA one-page analyst read on Adverum Biotechnologies, Inc. — recommendation, valuation, rhythm, risks.
$198.6M
Total raised · real
4
Rounds
12.8×
Latest step-up
Top 4%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Feb 07 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Adverum Biotechnologies, Inc. looks fair against its niche peers and is at-risk 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 0.80× the median modeled value of Series D+ Biotechnology companies in 2022–2024 (75 peers) — value vs value, same stage and era.
  • Within the normal band (80% of peer median) for its niche.
At-risk
  • Last raise 2.4 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.
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

Adverum Biotechnologies, Inc. is one of 4293 Biotechnology companies tracked from REDWOOD CITY. By capital raised it ranks among the largest (ahead of 97% 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
Rule 506(b)
Reg D exemption
20
Investors (latest)
2024-02-07
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$1.3B$2.5B$3.8B$5.0BSeries A · 2010-09-07 Raised $5.7M (real) Modeled valuation $204M (est)$5.7M$204MSeries A2010Series C · 2014-04-16 Raised $55M (real) Modeled valuation $2.3B (est)$55M$2.3BSeries C2014Series C · 2014-08-05 Raised $10.0M (real) Modeled valuation $410M (est)$10.0M$410MSeries C2014Series D+ · 2024-02-07 Raised $128M (real) Modeled valuation $1.6B (est)$128M$1.6BSeries D+2024+$55M+$10.0M+$128MCumulative $199M

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
Series A$5.7M · 2010
Series C$55.1M · 2014no Series B on file
Series C extension$10.0M · 2014
Series D+$127.8M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$1.6B
Base estimate est.
$579.4M
Conservative case
$2.3B
Upside case
$1.1B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Series A · modeled $204.4M · 2010-09-072010Series C · modeled $2.3B · 2014-04-16Series C · modeled $409.6M · 2014-08-05Series D+ · modeled $1.6B · 2024-02-072024
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
54% low · 75% high
1.39×/yr
Annual markup
1.56×/yr upside case
2.4 yr
Elapsed time used
2.4 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
54 mo
Avg between rounds
$14.8M/yr
Capital velocity
15.8 yr
On record since
2010
First round
4
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) 28× above median
This company$198.6M
Sector median$7.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.1× above median
This company$127.8M
Sector median$120.0M
Modeled value — vs sector median (estimate, all stages) 25× above median
This company$1.6B
Sector median$64.2M

Raised more than 97% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #46 of 75.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0BCapital raised (log)Areteia Therapeutics, Inc. · Series D+ Raised $360.0M · modeled $7.8B (est)GIO World Health Ltd · Series D+ Raised $300.0M · modeled $7.4B (est)Crinetics Pharmaceuticals, Inc. · Series D+ Raised $428.0M · modeled $4.3B (est)2seventy bio, Inc. · Series D+ Raised $170.0M · modeled $4.0B (est)Gio World Health (Europe) Sa · Series D+ Raised $150.0M · modeled $3.7B (est)GIO World Health (Europe) Ltd · Series D+ Raised $150.0M · modeled $3.7B (est)Arsenal Biosciences, Inc. · Series D+ Raised $579.2M · modeled $3.5B (est)ImmPACT Bio USA Inc. · Series D+ Raised $143.6M · modeled $3.5B (est)BioNTech SE · Series D+ Raised $400.0M · modeled $3.4B (est)RayzeBio, Inc. · Series D+ Raised $396.4M · modeled $3.4B (est)Genesis Therapeutics, Inc. · Series D+ Raised $297.4M · modeled $3.3B (est)Legend Biotech Corp · Series D+ Raised $350.5M · modeled $3.3B (est)Adverum Biotechnologies, Inc. (this company) Raised $198.6M · modeled $1.6B (est)Adverum Biotechnologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Areteia Therapeutics, Inc.Series D+$360.0M$7.8B3.87×
GIO World Health LtdSeries D+$300.0M$7.4B3.67×
Crinetics Pharmaceuticals, Inc.Series D+$428.0M$4.3B2.13×
2seventy bio, Inc.Series D+$170.0M$4.0B1.98×
Gio World Health (Europe) SaSeries D+$150.0M$3.7B1.84×
GIO World Health (Europe) LtdSeries D+$150.0M$3.7B1.84×
Arsenal Biosciences, Inc.Series D+$579.2M$3.5B1.76×
ImmPACT Bio USA Inc.Series D+$143.6M$3.5B1.72×
BioNTech SESeries D+$400.0M$3.4B1.71×
RayzeBio, Inc.Series D+$396.4M$3.4B1.69×
Genesis Therapeutics, Inc.Series D+$297.4M$3.3B1.64×
Legend Biotech CorpSeries D+$350.5M$3.3B1.63×
Adverum Biotechnologies, Inc. this companySeries D+$198.6M$1.6B0.80×
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.
Series A$5.7M2010-09-07$25.7M$204.4M85%
Series C$55.1M2014-04-16$367.5M$2.3B85%
Series C$10.0M2014-08-05$66.7M$409.6M85%
Series D+$127.8M2024-02-07$1.1B$1.6B90%
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. Series A$5.7M2010-09-07
    • First recorded raise — entered as Series A.
    • 16 investors on this round.
  2. Series C$55.1M2014-04-16
    • Raised again after 43 mo — slower than the ~14 mo sector norm.
    • Round 9.8× larger than the prior — scaling up.
    • 45 investors on this round.
  3. Series C$10.0M2014-08-05
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 5.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series D+$127.8M2024-02-07
    • Raised again after 114 mo — slower than the ~14 mo sector norm.
    • Round 12.8× larger than the prior — scaling up.
    • 20 investors on this round.
Intelligence
2028 ~Q3
Modeled next raise · ~54mo cadence
$383.4M
Modeled next size est.range $249.2M$613.4M
12.8×
Last step-up
$14.8M/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
Steven Schwartz5 other2014-08
Laurent Fischer3 other2024-02
John McLaughlin2 other2014-08
Mark Blumenkranz2 other2014-08
Patrick Machado2 other2024-02
Mark S. Blumenkranz1 other2010-09
Paul Wachter1 other2014-08
Thomas Chalberg1 other2014-08
C. David Nicholson2024-02
Dawn Gurses Svoronos2024-02
Hans Hull2014-08
James Gurses Scopa2024-02
John D. McLaughlin2014-04
Kishor Peter Soparkar2024-02
Linda Bain2014-08
Linda Rubinstein2024-02
Mark Lupher2024-02
Mehdi Gasmi2014-08
Paul D. Wachter2014-04
Rabia Gurses Ozden2024-02
Reed Gurses Tuckson2024-02
Scott Gurses Whitcup2024-02
Setareh Gurses Seyedkazemi2024-02
Soo Hong2024-02
Registry & provenance

Adverum Biotechnologies, 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
1501756
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
Lycia Therapeutics, Inc.BiotechnologySeries D+$202.0M$1.2Bnetwork1 shared operator · same sector · same stage
Avenzo Therapeutics, Inc.BiotechnologySeries D+$270.6M$355.7Mnetwork1 shared operator · same sector · same stage
TheRas, Inc.BiotechnologySeries D+$200.0M$2.3Bsame sector · same stage
KALA BIO, Inc.BiotechnologySeries C$158.8M$8.3Mnetwork1 shared operator · same sector
NewLimit, Inc.BiotechnologySeries D+$202.0M$1.1Bsame sector · same stage
BioAge Labs, Inc.BiotechnologySeries D+$194.4M$2.4Bsame sector · same stage
Unity Biotechnology, Inc.BiotechnologySeries D+$208.6M$2.3Bsame sector · same stage
Arena Pharmaceuticals IncBiotechnologySeries D+$187.3M$1.5Bsame 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
Translate Bio, Inc.BiotechnologySeries C$1.9B80%
Digital Biotechnologies, Inc.BiotechnologySeries A$31.8M80%
Portal Biotechnologies, Inc.BiotechnologySeries A$49.5M80%
AB Science S.A.BiotechnologySeries B$805.1M80%
Mainz Biomed N.V.BiotechnologySeries A$122.3M80%
Synthetic Biologics, Inc.BiotechnologySeries A$36.9M80%
Synonym Biotechnologies Inc.Biotech / PharmaSeries B$76.2M79%
Arbor Biotechnologies, Inc.BiotechnologySeries D+$5.7B79%
Frequently asked
How much funding has Adverum Biotechnologies, Inc. raised?
Adverum Biotechnologies, Inc. has raised approximately $198.6M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Adverum Biotechnologies, Inc.'s estimated valuation?
Provath's modeled valuation for Adverum Biotechnologies, Inc. is approximately $1.6B (modeled range $579.4M–$2.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Adverum Biotechnologies, Inc. at?
Adverum Biotechnologies, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Feb 07.
What does Adverum Biotechnologies, Inc. do and where is it based?
Adverum Biotechnologies, Inc. operates in the Biotechnology sector, based in REDWOOD CITY.
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