Companies · Biotechnology

Atea Pharmaceuticals, Inc.

BOSTON · Biotechnology

Diligence memoA one-page analyst read on Atea Pharmaceuticals, Inc. — recommendation, valuation, rhythm, risks.
$175.9M
Total raised · real
4
Rounds
3.9×
Latest step-up
Top 5%
Sector rank · raised
Series D+
Latest stage · inferred · Tue May 19 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Atea Pharmaceuticals, 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 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 1.05× the median modeled value of Series D+ Biotechnology companies in 2019–2021 (58 peers) — value vs value, same stage and era.
  • Within the normal band (105% of peer median) for its niche.
Dormant
  • Last raise 6.1 yr ago; this sector typically re-raises about every 14 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 Biotechnology

Atea Pharmaceuticals, Inc. is one of 4293 Biotechnology companies tracked from BOSTON. By capital raised it ranks among the largest (ahead of 96% 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
Rule 506(b)
Reg D exemption
37
Investors (latest)
2020-05-19
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 A · 2013-07-01 Raised $12M (real) Modeled valuation $434M (est)$12M$434MSeries A2013Series A · 2013-12-30 Raised $15M (real) Modeled valuation $533M (est)$15M$533MSeries A2013Series B · 2013-12-30 Raised $20M (real) Modeled valuation $794M (est)$20M$794MSeries B2013Series B · 2016-08-29 Raised $21M (real) Modeled valuation $827M (est)$21M$827MSeries B2016Series B · 2018-06-29 Raised $28M (real) Modeled valuation $1.1B (est)$28M$1.1BSeries B2018Series D+ · 2020-05-19 Raised $107M (real) Modeled valuation $4.4B (est)$107M$4.4BSeries D+2020+$15M+$20M+$21M+$28M+$107MCumulative $203M

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$12.0M · 2013
Series A extension$14.7M · 2013
Series B$20.0M · 2013
Series B extension$20.8M · 2016
Series B extension$27.6M · 2018
Series D+$107.5M · 2020no Series C on file

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series C — 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
$4.4B
Base estimate est.
$487.3M
Conservative case
$9.7B
Upside case
$895.8M
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 biotech sector profile. Directional, not a quoted figure.

Series A · modeled $433.8M · 2013-07-012013Series A · modeled $532.9M · 2013-12-30Series B · modeled $793.8M · 2013-12-30Series B · modeled $826.7M · 2016-08-29Series B · modeled $1.1B · 2018-06-29Series D+ · modeled $4.4B · 2020-05-192020
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
54% low · 75% high
1.39×/yr
Annual markup
1.56×/yr upside case
6.0 yr
Elapsed time used
6.1 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$25.6M/yr
Capital velocity
13.0 yr
On record since
2013
First round
6
Rounds on file
How it compares to the market

Benchmarked against 4293 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) 24× above median
This company$175.9M
Sector median$7.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.9× of median
This company$107.5M
Sector median$120.0M
Modeled value — vs sector median (estimate, all stages) 69× above median
This company$4.4B
Sector median$64.2M

Raised more than 96% of sector peers (real $). Modeled value above 99% 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 #23 of 58.

This companyCohort peer
$1.0B$10.0B$100.0B$100.0M$1.0BCapital raised (log)Sarepta Therapeutics, Inc. · Series D+ Raised $430.5M · modeled $16.5B (est)Asklepios BioPharmaceutical, Inc. · Series D+ Raised $199.7M · modeled $8.2B (est)Affinivax, Inc. · Series D+ Raised $233.0M · modeled $7.8B (est)Sonoma Biotherapeutics, Inc. · Series D+ Raised $265.0M · modeled $7.7B (est)Instil Bio, Inc. · Series D+ Raised $381.2M · modeled $6.5B (est)Umoja Biopharma, Inc. · Series D+ Raised $210.0M · modeled $6.3B (est)NiKang Therapeutics, Inc. · Series D+ Raised $200.0M · modeled $6.2B (est)Insitro, Inc. · Series D+ Raised $143.2M · modeled $5.9B (est)Arbor Biotechnologies, Inc. · Series D+ Raised $230.6M · modeled $5.7B (est)VelosBio Inc. · Series D+ Raised $210.5M · modeled $5.6B (est)Erasca, Inc. · Series D+ Raised $183.7M · modeled $5.2B (est)Allovir, Inc. · Series D+ Raised $151.3M · modeled $5.0B (est)Atea Pharmaceuticals, Inc. (this company) Raised $175.9M · modeled $4.4B (est)Atea Pharmaceuticals, Inc.
CompanyStageRaised · realValue · estvs peer med.
Sarepta Therapeutics, Inc.Series D+$430.5M$16.5B3.92×
Asklepios BioPharmaceutical, Inc.Series D+$199.7M$8.2B1.96×
Affinivax, Inc.Series D+$233.0M$7.8B1.87×
Sonoma Biotherapeutics, Inc.Series D+$265.0M$7.7B1.82×
Instil Bio, Inc.Series D+$381.2M$6.5B1.54×
Umoja Biopharma, Inc.Series D+$210.0M$6.3B1.51×
NiKang Therapeutics, Inc.Series D+$200.0M$6.2B1.46×
Insitro, Inc.Series D+$143.2M$5.9B1.40×
Arbor Biotechnologies, Inc.Series D+$230.6M$5.7B1.36×
VelosBio Inc.Series D+$210.5M$5.6B1.34×
Erasca, Inc.Series D+$183.7M$5.2B1.23×
Allovir, Inc.Series D+$151.3M$5.0B1.19×
Atea Pharmaceuticals, Inc. this companySeries D+$175.9M$4.4B1.05×
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$12.0M2013-07-01$54.5M$433.8M85%
Series A$14.7M2013-12-30$67.0M$532.9M85%
Series B$20.0M2013-12-30$111.1M$793.8M85%
Series B$20.8M2016-08-29$115.7M$826.7M85%
Series B$27.6M2018-06-29$153.3M$1.1B90%
Series D+$107.5M2020-05-19$895.8M$4.4B90%
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$12.0M2013-07-01
    • First recorded raise — entered as Series A.
  2. Series A$14.7M2013-12-30
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 43 investors on this round.
  3. Series B$20.0M2013-12-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 59 investors on this round.
  4. Series B$20.8M2016-08-29
    • Raised again after 32 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 29 investors on this round.
  5. Series B$27.6M2018-06-29
    • Raised again after 22 mo — slower than the ~14 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • 38 investors on this round.
  6. Series D+$107.5M2020-05-19
    • Raised again after 23 mo — slower than the ~14 mo sector norm.
    • Round 3.9× larger than the prior — scaling up.
    • 37 investors on this round.
Intelligence
2021 ~Q4
Modeled next raise · ~17mo cadence
$322.5M
Modeled next size est.range $209.6M$516.0M
3.9×
Last step-up
$25.6M/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
BIHUA CHEN13 other2018-06
Gerald Chan12 other2016-08
Franklin Berger6 other2020-05
Fan Yu3 other2018-06
Frank Yu2 other2016-08
Grigory Borisenko2 other2020-05
Jean-Pierre Sommadossi2 other2018-06
Andrea Corcoran2018-06
Andrew Hack, M.D., Ph.D.2020-05
Bruce Polsky2016-08
Bruno Lucidi2016-08
Evgeny Zatsev2016-08
Isaac Cheng, M.D.2020-05
Jean-Pierre Sommadossi, Ph.D.2013-07
Registry & provenance

Atea Pharmaceuticals, 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
1593899
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
Alzheon, Inc.BiotechnologySeries D+$172.5M$1.6Bnetwork2 shared operators · same sector · same stage
Atreca, Inc.BiotechnologySeries D+$222.2M$5.2Bnetwork1 shared operator · same sector · same stage
Chroma Medicine, Inc.BiotechnologySeries D+$135.0M$2.4Bnetwork1 shared operator · same sector · same stage
Sonoma Biotherapeutics, Inc.BiotechnologySeries D+$265.0M$7.7Bnetwork1 shared operator · same sector · same stage
Applied Therapeutics Inc.BiotechnologySeries C$189.2M$1.0Bnetwork1 shared operator · same sector
Micromet, Inc.BiotechnologySeries D+$175.5M$7.2Bsame sector · same stage
Aktis Oncology, Inc.BiotechnologySeries D+$175.0M$1.8Bsame sector · same stage
Nutcracker Therapeutics, Inc.BiotechnologySeries D+$172.5M$4.1Bsame 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
Atelerix Life Sciences Inc.BiotechnologyPre-Seed$9.1M89%
Atox Bio Inc.BiotechnologySeries B$1.3B85%
Entera Bio Ltd.BiotechnologySeries A$44.9M85%
Asana Medical, Inc.BiotechnologySeed$64.5M85%
Pana Bio, Inc.BiotechnologyPre-Seed$4.9M85%
Banyan Biomarkers, Inc.BiotechnologySeries A$81.9M85%
SELLAS Life Sciences Group, Inc.BiotechnologySeries B$148.8M85%
ENDRA Life Sciences Inc.BiotechnologySeries A$40.9M85%
Frequently asked
How much funding has Atea Pharmaceuticals, Inc. raised?
Atea Pharmaceuticals, Inc. has raised approximately $175.9M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Atea Pharmaceuticals, Inc.'s estimated valuation?
Provath's modeled valuation for Atea Pharmaceuticals, Inc. is approximately $4.4B (modeled range $487.3M–$9.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Atea Pharmaceuticals, Inc. at?
Atea Pharmaceuticals, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Tue May 19.
What does Atea Pharmaceuticals, Inc. do and where is it based?
Atea Pharmaceuticals, Inc. operates in the Biotechnology sector, based in BOSTON.
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