Companies · Biotechnology

ALT Bioscience LLC

Lexington · Biotechnology

Diligence memoA one-page analyst read on ALT Bioscience LLC — recommendation, valuation, rhythm, risks.
$12.4M
Total raised · real
6
Rounds
4.4×
Latest step-up
Top 41%
Sector rank · raised
Series A
Latest stage · inferred · Fri Feb 22 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

ALT Bioscience LLC 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 1.45× the median modeled value of Series A Biotechnology companies in 2013–2015 (111 peers) — value vs value, same stage and era.
  • Within the normal band (145% of peer median) for its niche.
Dormant
  • Last raise 13.4 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

ALT Bioscience LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
17.6 yr record
Peak capital year was 2013 with $7.8M across 2 filings.
Market position
ahead of 60% of Biotechnology peers
Capital scale is ahead of 60% of Biotechnology peers; modeled value is above 74% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2013: $7.8M across 2 filings.
  • Largest single filing was $6.4M on 2013-02-22.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

ALT Bioscience LLC is one of 4291 Biotechnology companies tracked from Lexington. By capital raised it ranks mid-pack (ahead of 60% 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.

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$125M$250M$375M$500MPre-Seed · 2008-12-01 Raised $854K (real) Modeled valuation $47M (est)$854K$47MPre-Seed2008Seed · 2009-08-03 Raised $1.1M (real) Modeled valuation $48M (est)$1.1M$48MSeed2009Seed · 2010-02-01 Raised $920K (real) Modeled valuation $41M (est)$920K$41MSeed2010Seed · 2011-01-31 Raised $1.7M (real) Modeled valuation $75M (est)$1.7M$75MSeed2011Seed · 2013-02-22 Raised $1.4M (real) Modeled valuation $64M (est)$1.4M$64MSeed2013Series A · 2013-02-22 Raised $6.4M (real) Modeled valuation $231M (est)$6.4M$231MSeries A2013+$1.1M+$920K+$1.7M+$1.4M+$6.4MCumulative $12M

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
Pre-Seed$854K · 2008
Seed$1.1M · 2009
Seed extension$920K · 2010
Seed extension$1.7M · 2011
Seed extension$1.4M · 2013
Series A$6.4M · 2013

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$230.6M
Base estimate est.
$7.0M
Conservative case
$1.3B
Upside case
$29.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $47.1M · 2008-12-012008Seed · modeled $47.9M · 2009-08-03Seed · modeled $40.9M · 2010-02-01Seed · modeled $75.5M · 2011-01-31Seed · modeled $64.2M · 2013-02-22Series A · modeled $230.6M · 2013-02-222013
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
44%
Survival probability
24% low · 60% high
1.62×/yr
Annual markup
2.04×/yr upside case
6.0 yr
Elapsed time used
13.3 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$2.9M/yr
Capital velocity
17.6 yr
On record since
2008
First round
6
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) 1.7× above median
This company$12.4M
Sector median$7.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.2× above median
This company$6.4M
Sector median$5.4M
Modeled value — vs sector median (estimate, all stages) 3.6× above median
This company$230.6M
Sector median$64.2M

Raised more than 60% of sector peers (real $). Modeled value above 74% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #35 of 111.

This companyCohort peer
$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Dnanexus, Inc. · Series A Raised $31.6M · modeled $542.3M (est)Foresight Biotherapeutics, Inc. · Series A Raised $17.0M · modeled $542.3M (est)AuraSense Therapeutics, LLC · Series A Raised $33.6M · modeled $535.0M (est)Zyomyx Inc · Series A Raised $15.2M · modeled $514.1M (est)Thrasos Innovation Inc. · Series A Raised $14.0M · modeled $506.1M (est)Champions Oncology, Inc. · Series A Raised $36.8M · modeled $506.1M (est)Merganser Biotech, Inc. · Series A Raised $21.1M · modeled $473.5M (est)Progenics Pharmaceuticals Inc · Series A Raised $12.9M · modeled $467.2M (est)GeneWeave Biosciences, Inc. · Series A Raised $36.3M · modeled $441.0M (est)Aeglea BioTherapeutics Holdings, LLC · Series A Raised $15.8M · modeled $387.1M (est)Hydra Biosciences Inc · Series A Raised $10.5M · modeled $379.9M (est)Brainstorm Cell Therapeutics Inc. · Series A Raised $12.3M · modeled $379.6M (est)ALT Bioscience LLC (this company) Raised $12.4M · modeled $230.6M (est)ALT Bioscience LLC
CompanyStageRaised · realValue · estvs peer med.
Dnanexus, Inc.Series A$31.6M$542.3M3.41×
Foresight Biotherapeutics, Inc.Series A$17.0M$542.3M3.41×
AuraSense Therapeutics, LLCSeries A$33.6M$535.0M3.36×
Zyomyx IncSeries A$15.2M$514.1M3.23×
Thrasos Innovation Inc.Series A$14.0M$506.1M3.18×
Champions Oncology, Inc.Series A$36.8M$506.1M3.18×
Merganser Biotech, Inc.Series A$21.1M$473.5M2.98×
Progenics Pharmaceuticals IncSeries A$12.9M$467.2M2.94×
GeneWeave Biosciences, Inc.Series A$36.3M$441.0M2.77×
Aeglea BioTherapeutics Holdings, LLCSeries A$15.8M$387.1M2.43×
Hydra Biosciences IncSeries A$10.5M$379.9M2.39×
Brainstorm Cell Therapeutics Inc.Series A$12.3M$379.6M2.39×
ALT Bioscience LLC this companySeries A$12.4M$230.6M1.45×
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.
Pre-Seed$854K2008-12-01$4.7M$47.1M90%
Seed$1.1M2009-08-03$5.4M$47.9M90%
Seed$920K2010-02-01$4.6M$40.9M90%
Seed$1.7M2011-01-31$8.5M$75.5M90%
Seed$1.4M2013-02-22$7.2M$64.2M90%
Series A$6.4M2013-02-22$29.0M$230.6M90%
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. Pre-Seed$854K2008-12-01
    • First recorded raise — entered as Pre-Seed.
  2. Seed$1.1M2009-08-03
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
  3. Seed$920K2010-02-01
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
  4. Seed$1.7M2011-01-31
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
  5. Seed$1.4M2013-02-22
    • Raised again after 25 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
  6. Series A$6.4M2013-02-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.4× larger than the prior — scaling up.
Intelligence
2013 ~Q4
Modeled next raise · ~10mo cadence
$19.1M
Modeled next size est.range $12.4M$30.6M
4.4×
Last step-up
$2.9M/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
David McClure3 other2008-12
Angela Chapman2008-12
Leslie Herzog2008-12
Maureen Leesman2008-12
Maureen Lessman2009-08
Russell Secter2013-02
Tami Shell2008-12
Tony Burgess-Cassler2013-02
Registry & provenance

ALT Bioscience LLC 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
1424900
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
Asuragen IncBiotechnologySeries A$12.5M$271.1Msame sector · same stage
CannTrust Holdings Inc.BiotechnologySeries A$12.5M$256.8Msame sector · same stage
Boston Therapeutics, Inc.BiotechnologySeries A$12.5M$189.7Msame sector · same stage
Pulse Therapeutics, Inc.BiotechnologySeries A$12.7M$203.0Msame sector · same stage
Helixis IncBiotechnologySeries A$12.7M$265.1Msame sector · same stage
FibroGen China Anemia Holdings, Ltd.BiotechnologySeries A$12.7M$242.5Msame sector · same stage
Insilico Medicine, Inc.BiotechnologySeries A$12.8M$216.9Msame sector · same stage
Nielsen BioSciences, Inc.BiotechnologySeries A$11.8M$182.1Msame sector · same stage
Frequently asked
How much funding has ALT Bioscience LLC raised?
ALT Bioscience LLC has raised approximately $12.4M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is ALT Bioscience LLC's estimated valuation?
Provath's modeled valuation for ALT Bioscience LLC is approximately $230.6M (modeled range $7.0M–$1.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ALT Bioscience LLC at?
ALT Bioscience LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Feb 22.
What does ALT Bioscience LLC do and where is it based?
ALT Bioscience LLC operates in the Biotechnology sector, based in Lexington.
Explore related

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