Companies · Pharmaceuticals

AEON Biopharma, Inc.

IRVINE · Pharmaceuticals

Diligence memoA one-page analyst read on AEON Biopharma, Inc. — recommendation, valuation, rhythm, risks.
$197.1M
Total raised · real
6
Rounds
1.2×
Latest step-up
Top 5%
Sector rank · raised
Series C
Latest stage · inferred · Fri Jul 29 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

AEON Biopharma, 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 pharma 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 0.89× the median modeled value of Series C Pharmaceuticals companies in 2022–2024 (30 peers) — value vs value, same stage and era.
  • Within the normal band (89% of peer median) for its niche.
At-risk
  • Last raise 3.9 yr ago; this sector typically re-raises about every 13 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 Pharmaceuticals

AEON Biopharma, Inc. is one of 1613 Pharmaceuticals companies tracked from IRVINE. By capital raised it ranks among the largest (ahead of 96% of sector peers), and in the upper tier 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)
2022-07-29
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 B · 2015-01-14 Raised $27M (real) Modeled valuation $918M (est)Series B2015Series C · 2015-11-10 Raised $80M (real) Modeled valuation $2.8B (est)Series C2015Series C · 2016-07-26 Raised $5.5M (real) Modeled valuation $193M (est)Series C2016Series B · 2020-08-25 Raised $25M (real) Modeled valuation $801M (est)Series B2020Series C · 2020-08-25 Raised $30M (real) Modeled valuation $1000M (est)Series C2020Series C · 2021-12-08 Raised $25M (real) Modeled valuation $522M (est)Series C2021Series C · 2022-07-29 Raised $30M (real) Modeled valuation $512M (est)Series C2022+$80M+$5.5M+$25M+$30M+$25M+$30MCumulative $222M

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 B$27.0M · 2015
Series C$80.1M · 2015
Series C extension$5.5M · 2016
Bridge · Series C-stage$25.0M · 2020smaller follow-on
Series C extension$30.0M · 2020
Series C extension$24.5M · 2021
Series C extension$30.0M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$512.3M
Base estimate est.
$97.4M
Conservative case
$1.0B
Upside case
$200.0M
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 pharma sector profile. Directional, not a quoted figure.

Series B · modeled $918.1M · 2015-01-142015Series C · modeled $2.8B · 2015-11-10Series C · modeled $193.0M · 2016-07-26Series B · modeled $801.4M · 2020-08-25Series C · modeled $999.6M · 2020-08-25Series C · modeled $522.1M · 2021-12-08Series C · modeled $512.3M · 2022-07-292022
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
66%
Survival probability
49% low · 76% high
1.42×/yr
Annual markup
1.62×/yr upside case
3.9 yr
Elapsed time used
3.9 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$26.1M/yr
Capital velocity
11.5 yr
On record since
2015
First round
7
Rounds on file
How it compares to the market

Benchmarked against 1613 companies in Pharmaceuticals. 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) 24× above median
This company$197.1M
Sector median$8.1M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.6× of median
This company$30.0M
Sector median$46.4M
Modeled value — vs sector median (estimate, all stages) 6.7× above median
This company$512.3M
Sector median$76.1M

Raised more than 96% of sector peers (real $). Modeled value above 81% 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 #18 of 30.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Vigil Neuroscience, Inc. · Series C Raised $215.0M · modeled $1.3B (est)Leap Therapeutics, Inc. · Series C Raised $105.1M · modeled $1.1B (est)Alimera Sciences Inc · Series C Raised $173.8M · modeled $1.1B (est)VYNE Therapeutics Inc. · Series C Raised $139.5M · modeled $972.1M (est)Lusaris Therapeutics, Inc. · Series C Raised $60.2M · modeled $955.7M (est)Context Therapeutics Inc. · Series C Raised $100.0M · modeled $923.0M (est)Enliven Therapeutics, Inc. · Series C Raised $140.1M · modeled $867.9M (est)Tenax Therapeutics, Inc. · Series C Raised $138.4M · modeled $841.5M (est)Faraday Pharmaceuticals, Inc. · Series C Raised $115.5M · modeled $830.5M (est)OnKure, Inc. · Series C Raised $123.2M · modeled $732.5M (est)Mind Medicine (MindMed) Inc. · Series C Raised $83.2M · modeled $730.2M (est)MBX Biosciences, Inc. · Series C Raised $74.8M · modeled $724.1M (est)AEON Biopharma, Inc. (this company) Raised $197.1M · modeled $512.3M (est)AEON Biopharma, Inc.
CompanyStageRaised · realValue · estvs peer med.
Vigil Neuroscience, Inc.Series C$215.0M$1.3B2.19×
Leap Therapeutics, Inc.Series C$105.1M$1.1B1.94×
Alimera Sciences IncSeries C$173.8M$1.1B1.91×
VYNE Therapeutics Inc.Series C$139.5M$972.1M1.69×
Lusaris Therapeutics, Inc.Series C$60.2M$955.7M1.66×
Context Therapeutics Inc.Series C$100.0M$923.0M1.60×
Enliven Therapeutics, Inc.Series C$140.1M$867.9M1.51×
Tenax Therapeutics, Inc.Series C$138.4M$841.5M1.46×
Faraday Pharmaceuticals, Inc.Series C$115.5M$830.5M1.44×
OnKure, Inc.Series C$123.2M$732.5M1.27×
Mind Medicine (MindMed) Inc.Series C$83.2M$730.2M1.27×
MBX Biosciences, Inc.Series C$74.8M$724.1M1.26×
AEON Biopharma, Inc. this companySeries C$197.1M$512.3M0.89×
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 B$27.0M2015-01-14$150.0M$918.1M85%
Series C$80.1M2015-11-10$533.7M$2.8B85%
Series C$5.5M2016-07-26$36.7M$193.0M85%
Series B$25.0M2020-08-25$138.9M$801.4M90%
Series C$30.0M2020-08-25$200.0M$999.6M90%
Series C$24.5M2021-12-08$163.3M$522.1M90%
Series C$30.0M2022-07-29$200.0M$512.3M90%
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 B$27.0M2015-01-14
    • First recorded raise — entered as Series B.
    • 5 investors on this round.
  2. Series C$80.1M2015-11-10
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 28 investors on this round.
  3. Series C$5.5M2016-07-26
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 14.6× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  4. Series B$25.0M2020-08-25
    • Raised again after 49 mo — slower than the ~13 mo sector norm.
    • Round 4.5× larger than the prior — scaling up.
    • 1 investor on this round.
  5. Series C$30.0M2020-08-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  6. Series C$24.5M2021-12-08
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  7. Series C$30.0M2022-07-29
    • Came back fast: 8 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~15mo cadence
$36.7M
Modeled next size est.range $30.0M$58.8M
1.2×
Last step-up
$26.1M/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
Robert Grant11 other2020-08
Juliet Tammenoms Bakker4 other2015-01
Robert E. Grant4 other2015-01
Simone Blank4 other2020-08
Vikram Malik4 other2020-08
Darren O'Brien3 other2020-08
Jost Fischer3 other2020-08
Alex Wilson2 other2021-12
Hans S. Keirstead1 other2015-01
Bill Tammenoms Richardson2016-07
Bosun Tammenoms Hau2016-07
Chad Oh2021-12
Chris Carr2020-08
Christopher Tammenoms Cox2015-11
Craig Tammenoms Kussman2015-01
Dennis Tammenoms Wolf2015-11
James Xiaodong Liu2015-11
Jeevan Tammenoms Gore2015-01
Marc Forth2020-08
Patrick S. Maxwell2015-01
Richard S. Lindstrom2015-01
Richard Taketa2020-08
Robert S. Hayman2015-01
Robert Tammenoms Rhatigan2015-01
Registry & provenance

AEON Biopharma, 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
1622667
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
Alphaeon 1 LLCOtherSeries C$96.8M$1.7Bnetwork5 shared operators · same stage
Alphaeon Credit HoldCo LLCFintechSeries B$19.5M$561.5Mnetwork5 shared operators
Zelegent HoldCo LLCOtherSeries A$8.7M$121.5Mnetwork5 shared operators
Evolus, Inc.PharmaceuticalsSeries B$40.5M$1.4Bnetwork2 shared operators · same sector
Aclaris Therapeutics, Inc.PharmaceuticalsSeries C$192.5M$612.3Msame sector · same stage
Rivus Pharmaceuticals, Inc.PharmaceuticalsSeries C$223.5M$416.3Msame sector · same stage
Nemus Bioscience, Inc.PharmaceuticalsSeries C$168.4M$388.7Msame sector · same stage
Reneo Pharmaceuticals, Inc.PharmaceuticalsSeries C$159.4M$519.8Msame 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
Aethon Therapeutics, Inc.BiotechnologySeries A$66.3M87%
Aer Therapeutics, Inc.BiotechnologySeries B$28.0M85%
Aegle Therapeutics CorpBiotechnologySeries A$1.2M82%
Etheros Pharmaceuticals Corp.PharmaceuticalsPre-Seed$1.9M81%
Aether Therapeutics Inc.BiotechnologySeries A$27.1M81%
Axon Therapeutics, Inc.BiotechnologySeries A$65.4M81%
Aeovian Pharmaceuticals, Inc.PharmaceuticalsSeries C$297.8M80%
Aevumed Inc.BiotechnologySeed$59.0M80%
Frequently asked
How much funding has AEON Biopharma, Inc. raised?
AEON Biopharma, Inc. has raised approximately $197.1M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is AEON Biopharma, Inc.'s estimated valuation?
Provath's modeled valuation for AEON Biopharma, Inc. is approximately $512.3M (modeled range $97.4M–$1.0B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is AEON Biopharma, Inc. at?
AEON Biopharma, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Jul 29.
What does AEON Biopharma, Inc. do and where is it based?
AEON Biopharma, Inc. operates in the Pharmaceuticals sector, based in IRVINE.
Explore related

See where AEON Biopharma, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at AEON Biopharma, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.