Companies · Biotechnology

Affymax Inc

PALO ALTO · Biotechnology

Diligence memoA one-page analyst read on Affymax Inc — recommendation, valuation, rhythm, risks.
$42.0M
Total raised · real
1
Rounds
Latest step-up
Top 22%
Sector rank · raised
Series C
Latest stage · inferred · Mon Mar 02 2009 00:00:00 GMT+0000 (Coordinated Universal Time)

Affymax Inc has raised $42M over 1 round; too few niche peers to rank its valuation yet.

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.

Dormant
  • Last raise 17.3 yr ago; this sector typically re-raises about every 14 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

Affymax Inc is one of 4291 Biotechnology companies tracked from PALO ALTO. By capital raised it ranks in the upper tier (ahead of 79% 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$500M$1.0B$1.5B$2.0BSeries C · 2009-03-02 Raised $42M (real) Modeled valuation $1.7B (est)$42M$1.7BSeries C2009

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 C$42.0M · 2009

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 20%.

Modeled valuation trajectory
$1.7B
Base estimate est.
$129.9M
Conservative case
$4.5B
Upside case
$280.0M
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 biotech sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

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
17.3 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
17.3 yr
On record since
2009
First round
1
Rounds on file
How it compares to the market

Benchmarked against 4291 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) 5.8× above median
This company$42.0M
Sector median$7.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.9× of median
This company$42.0M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 27× above median
This company$1.7B
Sector median$64.2M

Raised more than 79% 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 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 companyCohort peer
$1.0B$10.0B$10.0M$100.0MCapital raised (log)Align Technology Inc · Series C Raised $72.3M · modeled $3.0B (est)Helicon Therapeutics Inc · Series C Raised $50.0M · modeled $2.0B (est)Affymax Inc (this company) Raised $42.0M · modeled $1.7B (est)Affymax Inc
CompanyStageRaised · realValue · estvs peer med.
Align Technology IncSeries C$72.3M$3.0B1.45×
Helicon Therapeutics IncSeries C$50.0M$2.0B1.00×
Affymax Inc this companySeries C$42.0M$1.7B0.84×
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 C$42.0M2009-03-02$280.0M$1.7B90%
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 C$42.0M2009-03-02
    • First recorded raise — entered as Series C.
Intelligence
Modeled next raise
$67.2M
Modeled next size est.range $43.7M$107.5M
Last step-up
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
John Walker16 other2009-03
Nicholas Galakatos5 other2009-03
Arlene Morris4 other2009-03
Ted W. Love4 other2009-03
Keith Leonard2 other2009-03
Daniel Spiegelman1 other2009-03
Kathleen LaPorte1 other2009-03
R. Lee Douglas1 other2009-03
Steven Love1 other2009-03
Anne-Marie Duliege2009-03
Christi Va Heek2009-03
Paul Cleveland2009-03
Robert Venteicher2009-03
Registry & provenance

Affymax 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
1158223
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
Viveve Medical, Inc.BiotechnologySeries A$41.5M$12.3Mnetwork1 shared operator · same sector
Five Prime Therapeutics IncBiotechnologySeries B$38.5M$835.1Mnetwork1 shared operator · same sector
Oncothyreon Inc.BiotechnologySeries B$38.1M$907.4Mnetwork1 shared operator · same sector
Bolt Biotherapeutics, Inc.BiotechnologySeries C$178.6M$432.9Mnetwork1 shared operator · same sector · same stage
Spruce Biosciences, Inc.BiotechnologySeries C$191.6M$274.3Mnetwork1 shared operator · same sector · same stage
NuProbe GlobalBiotechnologySeries C$42.2M$846.1Msame sector · same stage
AavantiBio, Inc.BiotechnologySeries C$41.8M$1.5Bsame sector · same stage
Vernal Biosciences, Inc.BiotechnologySeries C$42.5M$827.2Msame sector · same stage
Frequently asked
How much funding has Affymax Inc raised?
Affymax Inc has raised approximately $42.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Affymax Inc's estimated valuation?
Provath's modeled valuation for Affymax Inc is approximately $1.7B (modeled range $129.9M–$4.5B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Affymax Inc at?
Affymax Inc's latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Mar 02.
What does Affymax Inc do and where is it based?
Affymax Inc operates in the Biotechnology sector, based in PALO ALTO.
Explore related

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