Companies · Pharmaceuticals

Catabasis Pharmaceuticals Inc

BOSTON · Pharmaceuticals

Diligence memoA one-page analyst read on Catabasis Pharmaceuticals Inc — recommendation, valuation, rhythm, risks.
$349.6M
Total raised · real
7
Rounds
0.6×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Mon Feb 01 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Catabasis 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 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 2019–2021 (15 peers) — value vs value, same stage and era.
  • Within the normal band (88% of peer median) for its niche.
Dormant
  • Last raise 5.4 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

Catabasis Pharmaceuticals Inc is one of 1613 Pharmaceuticals companies tracked from BOSTON. By capital raised it ranks among the largest (ahead of 98% 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
23
Investors (latest)
2021-02-01
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$2.5B$5.0B$7.5B$10.0BSeed · 2008-12-31 Raised $2.1M (real) Modeled valuation $80M (est)Seed2008Seed · 2008-12-31 Raised $1.1M (real) Modeled valuation $41M (est)Seed2008Pre-Seed · 2008-12-31 Raised $1.0M (real) Modeled valuation $47M (est)Pre-Seed2008Series A · 2010-04-07 Raised $7.7M (real) Modeled valuation $240M (est)Series A2010Series A · 2013-01-18 Raised $9.2M (real) Modeled valuation $285M (est)Series A2013Series A · 2013-01-18 Raised $8.7M (real) Modeled valuation $271M (est)Series A2013Series B · 2013-10-31 Raised $32M (real) Modeled valuation $1.1B (est)Series B2013Series B · 2015-03-17 Raised $12M (real) Modeled valuation $422M (est)Series B2015Series D+ · 2021-01-28 Raised $176M (real) Modeled valuation $5.2B (est)Series D+2021Series D+ · 2021-02-01 Raised $110M (real) Modeled valuation $3.3B (est)Series D+2021+$1.1M+$1.0M+$7.7M+$9.2M+$8.7M+$32M+$12M+$176M+$110MCumulative $360M

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
Seed$2.1M · 2008
Seed extension$1.1M · 2008
Bridge · Seed-stage$1.0M · 2008smaller follow-on
Series A$7.7M · 2010
Series A extension$9.2M · 2013
Series A extension$8.7M · 2013
Series B$32.4M · 2013
Series B extension$12.4M · 2015
Series D+$175.7M · 2021no Series C on file
Series D+ extension$110.0M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 83%.

Modeled valuation trajectory
$3.3B
Base estimate est.
$523.7M
Conservative case
$6.7B
Upside case
$916.8M
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 pharma sector profile. Directional, not a quoted figure.

Seed · modeled $79.5M · 2008-12-312008Seed · modeled $40.9M · 2008-12-31Pre-Seed · modeled $47.3M · 2008-12-31Series A · modeled $239.7M · 2010-04-07Series A · modeled $284.8M · 2013-01-18Series A · modeled $271.0M · 2013-01-18Series B · modeled $1.1B · 2013-10-31Series B · modeled $422.1M · 2015-03-17Series D+ · modeled $5.2B · 2021-01-28Series D+ · modeled $3.3B · 2021-02-012021
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
5.4 yr
Elapsed time used
5.4 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$28.9M/yr
Capital velocity
17.5 yr
On record since
2008
First round
10
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) 43× above median
This company$349.6M
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) 43× above median
This company$3.3B
Sector median$76.1M

Raised more than 98% 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 #11 of 15.

This companyCohort peer
$1.0B$10.0B$100.0B$10.0M$100.0M$1.0BCapital raised (log)Nuvation Bio Inc. · Series D+ Raised $275.3M · modeled $9.7B (est)Recursion Pharmaceuticals, Inc. · Series D+ Raised $478.3M · modeled $8.3B (est)Vyripharm Enterprises, Inc. · Series D+ Raised $300.0M · modeled $7.2B (est)Verona Pharma plc · Series D+ Raised $244.7M · modeled $7.0B (est)Cingulate Inc. · Series D+ Raised $220.0M · modeled $5.4B (est)Day One Biopharmaceuticals Holding Co LLC · Series D+ Raised $130.0M · modeled $3.9B (est)Design Therapeutics, Inc. · Series D+ Raised $170.5M · modeled $3.7B (est)Secura Bio Holdings, Inc. · Series D+ Raised $105.0M · modeled $3.7B (est)Revolution Medicines, Inc. · Series D+ Raised $204.2M · modeled $3.5B (est)Entrada Therapeutics, Inc. · Series D+ Raised $150.9M · modeled $3.3B (est)DTx Pharma, Inc. · Series D+ Raised $113.4M · modeled $2.9B (est)Catabasis Pharmaceuticals Inc (this company) Raised $349.6M · modeled $3.3B (est)Catabasis Pharmaceuticals Inc
CompanyStageRaised · realValue · estvs peer med.
Nuvation Bio Inc.Series D+$275.3M$9.7B2.62×
Recursion Pharmaceuticals, Inc.Series D+$478.3M$8.3B2.23×
Vyripharm Enterprises, Inc.Series D+$300.0M$7.2B1.95×
Verona Pharma plcSeries D+$244.7M$7.0B1.87×
Cingulate Inc.Series D+$220.0M$5.4B1.45×
Day One Biopharmaceuticals Holding Co LLCSeries D+$130.0M$3.9B1.04×
Design Therapeutics, Inc.Series D+$170.5M$3.7B1.01×
Secura Bio Holdings, Inc.Series D+$105.0M$3.7B1.00×
Revolution Medicines, Inc.Series D+$204.2M$3.5B0.96×
Entrada Therapeutics, Inc.Series D+$150.9M$3.3B0.89×
Catabasis Pharmaceuticals Inc this companySeries D+$349.6M$3.3B0.88×
DTx Pharma, Inc.Series D+$113.4M$2.9B0.79×
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.
Seed$2.1M2008-12-31$10.4M$79.5M85%
Seed$1.1M2008-12-31$5.4M$40.9M85%
Pre-Seed$1.0M2008-12-31$5.6M$47.3M85%
Series A$7.7M2010-04-07$35.2M$239.7M85%
Series A$9.2M2013-01-18$41.8M$284.8M85%
Series A$8.7M2013-01-18$39.8M$271.0M85%
Series B$32.4M2013-10-31$180.2M$1.1B85%
Series B$12.4M2015-03-17$69.0M$422.1M85%
Series D+$175.7M2021-01-28$1.5B$5.2B90%
Series D+$110.0M2021-02-01$916.8M$3.3B90%
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. Seed$2.1M2008-12-31
    • First recorded raise — entered as Seed.
    • 11 investors on this round.
  2. Seed$1.1M2008-12-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  3. Pre-Seed$1.0M2008-12-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  4. Series A$7.7M2010-04-07
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 7.7× larger than the prior — scaling up.
    • 15 investors on this round.
  5. Series A$9.2M2013-01-18
    • Raised again after 33 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 14 investors on this round.
  6. Series A$8.7M2013-01-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  7. Series B$32.4M2013-10-31
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 3.7× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 11 investors on this round.
  8. Series B$12.4M2015-03-17
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 2.6× smaller than the prior — bridge or down round.
    • 20 investors on this round.
  9. Series D+$175.7M2021-01-28
    • Raised again after 70 mo — slower than the ~13 mo sector norm.
    • Round 14.2× larger than the prior — scaling up.
    • 6 investors on this round.
  10. Series D+$110.0M2021-02-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 23 investors on this round.
Intelligence
2022 ~Q2
Modeled next raise · ~16mo cadence
$110.0M
Modeled next size est.range $110.0M$176.0M
0.6×
Last step-up
$28.9M/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
Michael Ross17 other2010-04
Nicholas Galakatos5 other2013-01
Jeffrey Leiden3 other2010-04
Chris Thomajan2 other2008-12
Michael C. Ross2 other2015-03
Nicholas C. Galakatos2 other2015-03
Ron Laufer2 other2013-01
Joanne T. Beck1 other2021-01
Michael D. Kishbauch1 other2021-01
Andrew C. Komjathy2021-01
Andrew C. Nichols2021-01
Ben T. Harshbarger2021-01
Christopher Z. Thomajan2008-12
Fred T. Callori2021-01
Gregg T. Lapointe2021-01
Hugh T. Cole2021-01
Ian C. Sanderson2015-03
Jean C. George2015-03
Jill C. Milne2015-03
Jill Milne2008-12
Joanne C. Donovan2021-01
Jonathan T. Violin2021-01
Kenneth C. Bate2015-03
Kenneth D. Bate2021-01
Registry & provenance

Catabasis 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
1454789
SEC CIK
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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
Pieris Pharmaceuticals, Inc.PharmaceuticalsSeries B$1.1B82%
Sparrow Pharmaceuticals, Inc.PharmaceuticalsSeries C$386.6M82%
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Ironwood Pharmaceuticals IncPharmaceuticalsSeries D+$5.3B82%
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Cutispharma Holdings, Inc.PharmaceuticalsSeries C$2.5B81%
PharmID, Inc.PharmaceuticalsSeries A$154.9M81%
Sermonix Pharmaceuticals, Inc.PharmaceuticalsSeries C$878.7M81%
Frequently asked
How much funding has Catabasis Pharmaceuticals Inc raised?
Catabasis Pharmaceuticals Inc has raised approximately $349.6M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Catabasis Pharmaceuticals Inc's estimated valuation?
Provath's modeled valuation for Catabasis Pharmaceuticals Inc is approximately $3.3B (modeled range $523.7M–$6.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Catabasis Pharmaceuticals Inc at?
Catabasis Pharmaceuticals Inc's latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon Feb 01.
What does Catabasis Pharmaceuticals Inc do and where is it based?
Catabasis Pharmaceuticals Inc operates in the Pharmaceuticals sector, based in BOSTON.
Explore related

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