Companies · Pharmaceuticals

ATAI Life Sciences AG

BERLIN · Pharmaceuticals

Diligence memoA one-page analyst read on ATAI Life Sciences AG — recommendation, valuation, rhythm, risks.
$82.7M
Total raised · real
4
Rounds
5.8×
Latest step-up
Top 12%
Sector rank · raised
Series B
Latest stage · inferred · Tue Nov 03 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

ATAI Life Sciences AG 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 1.09× the median modeled value of Series B Pharmaceuticals companies in 2019–2021 (61 peers) — value vs value, same stage and era.
  • Within the normal band (109% of peer median) for its niche.
Dormant
  • Last raise 5.7 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

ATAI Life Sciences AG is one of 1613 Pharmaceuticals companies tracked from BERLIN. By capital raised it ranks in the upper tier (ahead of 89% 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
Rule 506(b)
Reg D exemption
24
Investors (latest)
2018
Year incorporated
2020-11-03
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$500M$1.0B$1.5B$2.0BSeries B · 2018-10-04 Raised $23M (real) Modeled valuation $797M (est)$23M$797MSeries B2018Series B · 2019-04-02 Raised $30M (real) Modeled valuation $1.0B (est)$30M$1.0BSeries B2019Series B · 2020-01-10 Raised $11M (real) Modeled valuation $371M (est)$11M$371MSeries B2020Seed · 2020-01-10 Raised $3.1M (real) Modeled valuation $119M (est)$3.1M$119MSeed2020Series B · 2020-11-03 Raised $18M (real) Modeled valuation $539M (est)$18M$539MSeries B2020+$30M+$11M+$3.1M+$18MCumulative $86M

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$23.4M · 2018
Series B extension$30.3M · 2019
Series B extension$10.9M · 2020
Bridge · Series B-stage$3.1M · 2020smaller follow-on
Series B extension$18.1M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — 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
$539.0M
Base estimate est.
$38.1M
Conservative case
$1.9B
Upside case
$100.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Series B · modeled $797.1M · 2018-10-042018Series B · modeled $1.0B · 2019-04-02Series B · modeled $370.7M · 2020-01-10Seed · modeled $118.7M · 2020-01-10Series B · modeled $539.0M · 2020-11-032020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
57%
Survival probability
38% low · 70% high
1.49×/yr
Annual markup
1.80×/yr upside case
5.7 yr
Elapsed time used
5.7 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$39.7M/yr
Capital velocity
7.7 yr
On record since
2018
First round
5
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) 10× above median
This company$82.7M
Sector median$8.1M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.0× above median
This company$18.1M
Sector median$18.0M
Modeled value — vs sector median (estimate, all stages) 7.1× above median
This company$539.0M
Sector median$76.1M

Raised more than 89% 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 B) 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 #27 of 61.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Evolus, Inc. · Series B Raised $40.5M · modeled $1.4B (est)HOOKIPA Pharma Inc. · Series B Raised $37.4M · modeled $1.3B (est)ESSA Pharma Inc. · Series B Raised $56.0M · modeled $1.2B (est)Pieris Pharmaceuticals, Inc. · Series B Raised $102.1M · modeled $1.1B (est)Amylyx Pharmaceuticals, Inc. · Series B Raised $65.1M · modeled $1.0B (est)PassPort Technologies, Inc. · Series B Raised $30.0M · modeled $1.0B (est)Savara Inc · Series B Raised $30.9M · modeled $910.6M (est)InCarda Therapeutics, Inc. · Series B Raised $66.3M · modeled $857.5M (est)Aceto Management, L.L.C. · Series B Raised $23.6M · modeled $803.2M (est)GPI Finco (Canada) Inc. · Series B Raised $22.9M · modeled $778.0M (est)Phosplatin Therapeutics LLC · Series B Raised $72.3M · modeled $722.8M (est)Lannett Co Inc · Series B Raised $28.0M · modeled $691.3M (est)ATAI Life Sciences AG (this company) Raised $82.7M · modeled $539.0M (est)ATAI Life Sciences AG
CompanyStageRaised · realValue · estvs peer med.
Evolus, Inc.Series B$40.5M$1.4B2.74×
HOOKIPA Pharma Inc.Series B$37.4M$1.3B2.57×
ESSA Pharma Inc.Series B$56.0M$1.2B2.47×
Pieris Pharmaceuticals, Inc.Series B$102.1M$1.1B2.20×
Amylyx Pharmaceuticals, Inc.Series B$65.1M$1.0B2.06×
PassPort Technologies, Inc.Series B$30.0M$1.0B2.06×
Savara IncSeries B$30.9M$910.6M1.84×
InCarda Therapeutics, Inc.Series B$66.3M$857.5M1.73×
Aceto Management, L.L.C.Series B$23.6M$803.2M1.62×
GPI Finco (Canada) Inc.Series B$22.9M$778.0M1.57×
Phosplatin Therapeutics LLCSeries B$72.3M$722.8M1.46×
Lannett Co IncSeries B$28.0M$691.3M1.40×
ATAI Life Sciences AG this companySeries B$82.7M$539.0M1.09×
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$23.4M2018-10-04$130.2M$797.1M90%
Series B$30.3M2019-04-02$168.1M$1.0B90%
Series B$10.9M2020-01-10$60.6M$370.7M90%
Seed$3.1M2020-01-10$15.6M$118.7M90%
Series B$18.1M2020-11-03$100.8M$539.0M90%
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$23.4M2018-10-04
    • First recorded raise — entered as Series B.
    • 8 investors on this round.
  2. Series B$30.3M2019-04-02
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 23 investors on this round.
  3. Series B$10.9M2020-01-10
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 32 investors on this round.
  4. Seed$3.1M2020-01-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.5× smaller than the prior — bridge or down round.
    • 12 investors on this round.
  5. Series B$18.1M2020-11-03
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 5.8× larger than the prior — scaling up.
    • 24 investors on this round.
Intelligence
2021 ~Q2
Modeled next raise · ~6mo cadence
$54.4M
Modeled next size est.range $35.4M$87.1M
5.8×
Last step-up
$39.7M/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
Srinivas Rao3 other2020-01
CHRISTIAN ANGERMAYER2018-10
FLORIAN BRAND2018-10
LARS WILDE2018-10
Registry & provenance

ATAI Life Sciences AG 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
1776242
SEC CIK
2018
Incorporated
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
Phlow Corp.PharmaceuticalsSeries B$82.8M$169.5Msame sector · same stage
Vero Biotech Inc.PharmaceuticalsSeries B$82.1M$525.6Msame sector · same stage
Savara Inc.PharmaceuticalsSeries B$84.3M$702.9Msame sector · same stage
Ambit Biosciences CorpPharmaceuticalsSeries B$87.1M$755.1Msame sector · same stage
Lung Therapeutics, Inc.PharmaceuticalsSeries B$87.5M$174.9Msame sector · same stage
Bionpharma Inc.PharmaceuticalsSeries B$88.4M$221.0Msame sector · same stage
Agile Therapeutics IncPharmaceuticalsSeries B$89.6M$266.5Msame sector · same stage
BioQ Pharma IncPharmaceuticalsSeries B$91.1M$157.7Msame 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
Pagari Life Science Corp.PharmaceuticalsPre-Seed$1.5M83%
Aya Biosciences, Inc.PharmaceuticalsSeries A$129.3M82%
Anivive Lifesciences, Inc.PharmaceuticalsSeries C$1.1B82%
Pharmaceutics International, Inc.PharmaceuticalsSeries D+$124.0M81%
Solid Biosciences Inc.PharmaceuticalsSeries C$139.4M81%
Harmony Biosciences II, Inc.PharmaceuticalsSeries D+$1.8B81%
Titan Pharmaceuticals IncPharmaceuticalsSeries A$23.0M81%
Lento Bio, IncPharmaceuticalsSeries A$42.0M81%
Frequently asked
How much funding has ATAI Life Sciences AG raised?
ATAI Life Sciences AG has raised approximately $82.7M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is ATAI Life Sciences AG's estimated valuation?
Provath's modeled valuation for ATAI Life Sciences AG is approximately $539.0M (modeled range $38.1M–$1.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ATAI Life Sciences AG at?
ATAI Life Sciences AG's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Nov 03.
What does ATAI Life Sciences AG do and where is it based?
ATAI Life Sciences AG operates in the Pharmaceuticals sector, based in BERLIN.
Explore related

See where ATAI Life Sciences AG sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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