Companies · Biotechnology

Cidara Therapeutics, Inc.

SAN DIEGO · Biotechnology

Diligence memoA one-page analyst read on Cidara Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$349.1M
Total raised · real
7
Rounds
26.6×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Apr 24 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Cidara Therapeutics, Inc. looks fair against its niche peers and is quiet 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 1.39× the median modeled value of Series D+ Biotechnology companies in 2022–2024 (75 peers) — value vs value, same stage and era.
  • Within the normal band (139% of peer median) for its niche.
Quiet
  • Last raise 2.2 yr ago; this sector typically re-raises about every 14 months.
  • Slightly overdue versus sector 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

Cidara Therapeutics, Inc. is one of 4293 Biotechnology companies tracked from SAN DIEGO. By capital raised it ranks among the largest (ahead of 99% 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
7
Investors (latest)
2024-04-24
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 B · 2014-05-30 Raised $30M (real) Modeled valuation $1.2B (est)Series B2014Series A · 2014-05-30 Raised $6.0M (real) Modeled valuation $217M (est)Series A2014Series C · 2015-02-10 Raised $42M (real) Modeled valuation $1.7B (est)Series C2015Series C · 2017-10-24 Raised $20M (real) Modeled valuation $826M (est)Series C2017Series C · 2018-05-23 Raised $1.6M (real) Modeled valuation $64M (est)Series C2018Series C · 2019-09-03 Raised $9.0M (real) Modeled valuation $369M (est)Series C2019Series D+ · 2024-04-24 Raised $240M (real) Modeled valuation $2.8B (est)Series D+2024+$6.0M+$42M+$20M+$1.6M+$9.0M+$240MCumulative $349M

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$30.3M · 2014
Bridge · Series B-stage$6.0M · 2014smaller follow-on
Series C$42.0M · 2015
Series C extension$20.2M · 2017
Series C extension$1.6M · 2018
Series C extension$9.0M · 2019
Series D+$240.0M · 2024

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
$2.8B
Base estimate est.
$1.1B
Conservative case
$4.0B
Upside case
$2.0B
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 B · modeled $1.2B · 2014-05-302014Series A · modeled $216.9M · 2014-05-30Series C · modeled $1.7B · 2015-02-10Series C · modeled $825.7M · 2017-10-24Series C · modeled $64.0M · 2018-05-23Series C · modeled $369.0M · 2019-09-03Series D+ · modeled $2.8B · 2024-04-242024
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
2.2 yr
Elapsed time used
2.2 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$35.3M/yr
Capital velocity
12.1 yr
On record since
2014
First round
7
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) 48× above median
This company$349.1M
Sector median$7.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 2.0× above median
This company$240.0M
Sector median$120.0M
Modeled value — vs sector median (estimate, all stages) 44× above median
This company$2.8B
Sector median$64.2M

Raised more than 99% of sector peers (real $). Modeled value above 96% 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 #17 of 75.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0BCapital raised (log)Areteia Therapeutics, Inc. · Series D+ Raised $360.0M · modeled $7.8B (est)GIO World Health Ltd · Series D+ Raised $300.0M · modeled $7.4B (est)Crinetics Pharmaceuticals, Inc. · Series D+ Raised $428.0M · modeled $4.3B (est)2seventy bio, Inc. · Series D+ Raised $170.0M · modeled $4.0B (est)Gio World Health (Europe) Sa · Series D+ Raised $150.0M · modeled $3.7B (est)GIO World Health (Europe) Ltd · Series D+ Raised $150.0M · modeled $3.7B (est)Arsenal Biosciences, Inc. · Series D+ Raised $579.2M · modeled $3.5B (est)ImmPACT Bio USA Inc. · Series D+ Raised $143.6M · modeled $3.5B (est)BioNTech SE · Series D+ Raised $400.0M · modeled $3.4B (est)RayzeBio, Inc. · Series D+ Raised $396.4M · modeled $3.4B (est)Genesis Therapeutics, Inc. · Series D+ Raised $297.4M · modeled $3.3B (est)Legend Biotech Corp · Series D+ Raised $350.5M · modeled $3.3B (est)Cidara Therapeutics, Inc. (this company) Raised $349.1M · modeled $2.8B (est)Cidara Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Areteia Therapeutics, Inc.Series D+$360.0M$7.8B3.87×
GIO World Health LtdSeries D+$300.0M$7.4B3.67×
Crinetics Pharmaceuticals, Inc.Series D+$428.0M$4.3B2.13×
2seventy bio, Inc.Series D+$170.0M$4.0B1.98×
Gio World Health (Europe) SaSeries D+$150.0M$3.7B1.84×
GIO World Health (Europe) LtdSeries D+$150.0M$3.7B1.84×
Arsenal Biosciences, Inc.Series D+$579.2M$3.5B1.76×
ImmPACT Bio USA Inc.Series D+$143.6M$3.5B1.72×
BioNTech SESeries D+$400.0M$3.4B1.71×
RayzeBio, Inc.Series D+$396.4M$3.4B1.69×
Genesis Therapeutics, Inc.Series D+$297.4M$3.3B1.64×
Legend Biotech CorpSeries D+$350.5M$3.3B1.63×
Cidara Therapeutics, Inc. this companySeries D+$349.1M$2.8B1.39×
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$30.3M2014-05-30$168.5M$1.2B85%
Series A$6.0M2014-05-30$27.3M$216.9M85%
Series C$42.0M2015-02-10$280.1M$1.7B85%
Series C$20.2M2017-10-24$134.4M$825.7M90%
Series C$1.6M2018-05-23$10.4M$64.0M90%
Series C$9.0M2019-09-03$60.1M$369.0M90%
Series D+$240.0M2024-04-24$2.0B$2.8B90%
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$30.3M2014-05-30
    • First recorded raise — entered as Series B.
    • 8 investors on this round.
  2. Series A$6.0M2014-05-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.1× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series C$42.0M2015-02-10
    • Raised 8 mo later, in step with the ~14 mo sector norm.
    • Round 7.0× larger than the prior — scaling up.
    • 19 investors on this round.
  4. Series C$20.2M2017-10-24
    • Raised again after 32 mo — slower than the ~14 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 16 investors on this round.
  5. Series C$1.6M2018-05-23
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 12.9× smaller than the prior — bridge or down round.
    • 16 investors on this round.
  6. Series C$9.0M2019-09-03
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 5.8× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Series D+$240.0M2024-04-24
    • Raised again after 56 mo — slower than the ~14 mo sector norm.
    • Round 26.6× larger than the prior — scaling up.
    • 7 investors on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~20mo cadence
$720.0M
Modeled next size est.range $468.0M$1.2B
26.6×
Last step-up
$35.3M/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
Nina Kjellson10 other2014-05
Patrick Heron10 other2014-05
SCOTT ROCKLAGE8 other2014-05
Jeffrey Stein3 other2014-05
Scott M. Rocklage3 other2017-10
Steve Elms3 other2014-05
Theodore R. Schroeder3 other2017-10
Daniel D. Burgess2 other2017-10
Dirk Thye2 other2015-02
Kevin Forrest2 other2014-05
Kevin Judice2 other2014-05
Timothy R. Franson1 other2017-10
Bonnie R. Bassler, Ph.D.2024-04
Carin R. Canale-Theakston2024-04
Chrysa R Mineo2018-05
Dan Burgess2014-05
David R Gollaher2019-09
James R Levine2019-09
James R. Merson, Ph.D.2024-04
Jeffrey Stein, Ph.D.2024-04
Jessica R Oien2019-09
Ken Bartizal2015-02
Ken R Bartizal2017-10
Laura R. Tadvalkar, Ph.D.2024-04
Registry & provenance

Cidara Therapeutics, 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
1610618
SEC CIK
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Frequently asked
How much funding has Cidara Therapeutics, Inc. raised?
Cidara Therapeutics, Inc. has raised approximately $349.1M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Cidara Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Cidara Therapeutics, Inc. is approximately $2.8B (modeled range $1.1B–$4.0B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cidara Therapeutics, Inc. at?
Cidara Therapeutics, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Apr 24.
What does Cidara Therapeutics, Inc. do and where is it based?
Cidara Therapeutics, Inc. operates in the Biotechnology sector, based in SAN DIEGO.
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