Companies · Pharmaceuticals

Ardelyx, Inc.

FREMONT · Pharmaceuticals

Diligence memoA one-page analyst read on Ardelyx, Inc. — recommendation, valuation, rhythm, risks.
$210.4M
Total raised · real
4
Rounds
1.4×
Latest step-up
Top 4%
Sector rank · raised
Series D+
Latest stage · inferred · Mon Jul 18 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Ardelyx, 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 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 0.88× the median modeled value of Series D+ Pharmaceuticals companies in 2016–2018 (11 peers) — value vs value, same stage and era.
  • Within the normal band (88% of peer median) for its niche.
Dormant
  • Last raise 10.0 yr ago; this sector typically re-raises about every 13 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 Pharmaceuticals

Ardelyx, Inc. is one of 1613 Pharmaceuticals companies tracked from FREMONT. 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
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 · 2010-11-16 Raised $5.0M (real) Modeled valuation $155M (est)$5.0M$155MSeries A2010Series B · 2011-06-23 Raised $18M (real) Modeled valuation $598M (est)$18M$598MSeries B2011Series C · 2015-06-05 Raised $78M (real) Modeled valuation $2.7B (est)$78M$2.7BSeries C2015Series D+ · 2016-07-18 Raised $110M (real) Modeled valuation $3.9B (est)$110M$3.9BSeries D+2016+$18M+$78M+$110MCumulative $210M

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$5.0M · 2010
Series B$17.6M · 2011
Series C$77.8M · 2015
Series D+$110.0M · 2016

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$3.9B
Base estimate est.
$523.6M
Conservative case
$8.5B
Upside case
$916.7M
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 pharma sector profile. Directional, not a quoted figure.

Series A · modeled $155.3M · 2010-11-162010Series B · modeled $597.7M · 2011-06-23Series C · modeled $2.7B · 2015-06-05Series D+ · modeled $3.9B · 2016-07-182016
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
71%
Survival probability
57% low · 79% high
1.35×/yr
Annual markup
1.51×/yr upside case
6.0 yr
Elapsed time used
9.9 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
23 mo
Avg between rounds
$37.1M/yr
Capital velocity
15.6 yr
On record since
2010
First round
4
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) 26× above median
This company$210.4M
Sector median$8.1M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.0× of median
This company$110.0M
Sector median$111.8M
Modeled value — vs sector median (estimate, all stages) 51× above median
This company$3.9B
Sector median$76.1M

Raised more than 97% of sector peers (real $). Modeled value above 98% 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 #7 of 11.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$100.0B$100.0M$1.0BCapital raised (log)Concordia International Corp. · Series D+ Raised $228.0M · modeled $8.1B (est)Surterra Holdings, Inc./DE · Series D+ Raised $230.4M · modeled $5.8B (est)Ironwood Pharmaceuticals Inc · Series D+ Raised $350.0M · modeled $5.3B (est)Melinta Therapeutics, Inc. /New/ · Series D+ Raised $346.8M · modeled $4.9B (est)Beam Therapeutics Inc. · Series D+ Raised $218.6M · modeled $4.8B (est)Tris Pharma, Inc. · Series D+ Raised $125.0M · modeled $4.4B (est)Tesaro, Inc. · Series D+ Raised $255.0M · modeled $1.8B (est)Orexigen Therapeutics, Inc. · Series D+ Raised $274.6M · modeled $1.8B (est)Strongbridge Biopharma plc · Series D+ Raised $220.6M · modeled $1.2B (est)RxBio Holdings, Inc. · Series D+ Raised $128.7M · modeled $12.0M (est)Ardelyx, Inc. (this company) Raised $210.4M · modeled $3.9B (est)Ardelyx, Inc.
CompanyStageRaised · realValue · estvs peer med.
Concordia International Corp.Series D+$228.0M$8.1B1.82×
Surterra Holdings, Inc./DESeries D+$230.4M$5.8B1.32×
Ironwood Pharmaceuticals IncSeries D+$350.0M$5.3B1.20×
Melinta Therapeutics, Inc. /New/Series D+$346.8M$4.9B1.10×
Beam Therapeutics Inc.Series D+$218.6M$4.8B1.08×
Tris Pharma, Inc.Series D+$125.0M$4.4B1.00×
Ardelyx, Inc. this companySeries D+$210.4M$3.9B0.88×
Tesaro, Inc.Series D+$255.0M$1.8B0.40×
Orexigen Therapeutics, Inc.Series D+$274.6M$1.8B0.40×
Strongbridge Biopharma plcSeries D+$220.6M$1.2B0.28×
RxBio Holdings, Inc.Series D+$128.7M$12.0M0.00×
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$5.0M2010-11-16$22.8M$155.3M90%
Series B$17.6M2011-06-23$97.7M$597.7M90%
Series C$77.8M2015-06-05$518.5M$2.7B90%
Series D+$110.0M2016-07-18$916.7M$3.9B90%
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$5.0M2010-11-16
    • First recorded raise — entered as Series A.
  2. Series B$17.6M2011-06-23
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
  3. Series C$77.8M2015-06-05
    • Raised again after 47 mo — slower than the ~13 mo sector norm.
    • Round 4.4× larger than the prior — scaling up.
  4. Series D+$110.0M2016-07-18
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
Intelligence
2018 ~Q2
Modeled next raise · ~23mo cadence
$155.6M
Modeled next size est.range $110.0M$248.9M
1.4×
Last step-up
$37.1M/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
David Mott8 other2010-11
Annalisa Jenkins7 other2016-07
David Collier7 other2010-11
Gordon Ringold6 other2016-07
Jeremy Caldwell3 other2016-07
Richard Rodgers3 other2016-07
David Rosenbaum2 other2016-07
Peter G. Schultz2 other2015-06
Jeff Jacobs1 other2016-07
Paul Korner1 other2016-07
Robert Bazemore1 other2016-07
Annalisa G. Jenkins2015-06
David G. Rosenbaum2015-06
Dominique Charmot2010-11
Elizabeth G. Grammer2015-06
Elizabeth Grammer2016-07
Gordon G. Ringold2015-06
Jean Frechet2010-11
Jeremy G. Caldwell2015-06
Mark G. Kaufmann2015-06
Mark Kaufmann2016-07
Michael Raab2010-11
Peter Schultz2010-11
Richard G. Rodgers2015-06
Registry & provenance

Ardelyx, 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
1437402
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
Sagimet Biosciences Inc.BiotechnologySeries C$166.6M$2.4Bnetwork3 shared operators
Nuvation Bio Inc.PharmaceuticalsSeries D+$275.3M$9.7Bnetwork1 shared operator · same sector · same stage
Nemus Bioscience, Inc.PharmaceuticalsSeries C$168.4M$388.7Mnetwork1 shared operator · same sector
Opko Health, Inc.PharmaceuticalsSeries D+$206.0M$6.2Bsame sector · same stage
MAPS Public Benefit CorpPharmaceuticalsSeries D+$215.1M$2.9Bsame sector · same stage
Karyopharm Therapeutics Inc.PharmaceuticalsSeries D+$205.2M$2.8Bsame sector · same stage
Revolution Medicines, Inc.PharmaceuticalsSeries D+$204.2M$3.5Bsame sector · same stage
NovaBay Pharmaceuticals, Inc.PharmaceuticalsSeries D+$218.1M$913.2Msame sector · same stage
Frequently asked
How much funding has Ardelyx, Inc. raised?
Ardelyx, Inc. has raised approximately $210.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Ardelyx, Inc.'s estimated valuation?
Provath's modeled valuation for Ardelyx, Inc. is approximately $3.9B (modeled range $523.6M–$8.5B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ardelyx, Inc. at?
Ardelyx, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon Jul 18.
What does Ardelyx, Inc. do and where is it based?
Ardelyx, Inc. operates in the Pharmaceuticals sector, based in FREMONT.
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