Companies · Biotechnology

Codexis, Inc.

REDWOOD CITY · Biotechnology

Diligence memoA one-page analyst read on Codexis, Inc. — recommendation, valuation, rhythm, risks.
$50.0M
Total raised · real
1
Rounds
Latest step-up
Top 19%
Sector rank · raised
Series C
Latest stage · inferred · Thu Jun 20 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Codexis, 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 C Biotechnology companies in 2019–2021 (120 peers) — value vs value, same stage and era.
  • Within the normal band (105% of peer median) for its niche.
Dormant
  • Last raise 7.0 yr ago; this sector typically re-raises about every 14 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

Codexis, Inc. is one of 4291 Biotechnology companies tracked from REDWOOD CITY. By capital raised it ranks in the upper tier (ahead of 82% 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
1
Investors (latest)
2019-06-20
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 C · 2019-06-20 Raised $50M (real) Modeled valuation $2.0B (est)$50M$2.0BSeries C2019

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 C$50.0M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 20%.

Modeled valuation trajectory
$2.0B
Base estimate est.
$154.7M
Conservative case
$5.4B
Upside case
$333.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
62%
Survival probability
46% low · 72% high
1.46×/yr
Annual markup
1.68×/yr upside case
6.0 yr
Elapsed time used
7.0 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
7.0 yr
On record since
2019
First round
1
Rounds on file
How it compares to the market

Benchmarked against 4291 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) 6.9× above median
This company$50.0M
Sector median$7.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.1× above median
This company$50.0M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 32× above median
This company$2.0B
Sector median$64.2M

Raised more than 82% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #53 of 120.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Stem Biotech LLC · Series C Raised $100.0M · modeled $4.1B (est)Kinnate Biopharma Inc. · Series C Raised $172.5M · modeled $3.9B (est)Arcutis Biotherapeutics, Inc. · Series C Raised $94.5M · modeled $3.9B (est)DNA Research INST LLC · Series C Raised $94.5M · modeled $3.7B (est)M3 Biotechnology, Inc. · Series C Raised $107.3M · modeled $3.6B (est)Checkmate Pharmaceuticals, Inc. · Series C Raised $185.1M · modeled $3.5B (est)Black Diamond Therapeutics, Inc. · Series C Raised $146.3M · modeled $3.5B (est)Finch Therapeutics Group, Inc. · Series C Raised $179.9M · modeled $3.4B (est)Shattuck Labs, Inc. · Series C Raised $165.4M · modeled $3.4B (est)TScan Therapeutics, Inc. · Series C Raised $123.3M · modeled $3.3B (est)Edgewise Therapeutics, Inc. · Series C Raised $120.1M · modeled $3.3B (est)Miragen Therapeutics, Inc. · Series C Raised $197.8M · modeled $3.3B (est)Codexis, Inc. (this company) Raised $50.0M · modeled $2.0B (est)Codexis, Inc.
CompanyStageRaised · realValue · estvs peer med.
Stem Biotech LLCSeries C$100.0M$4.1B2.11×
Kinnate Biopharma Inc.Series C$172.5M$3.9B2.02×
Arcutis Biotherapeutics, Inc.Series C$94.5M$3.9B1.99×
DNA Research INST LLCSeries C$94.5M$3.7B1.88×
M3 Biotechnology, Inc.Series C$107.3M$3.6B1.88×
Checkmate Pharmaceuticals, Inc.Series C$185.1M$3.5B1.79×
Black Diamond Therapeutics, Inc.Series C$146.3M$3.5B1.79×
Finch Therapeutics Group, Inc.Series C$179.9M$3.4B1.78×
Shattuck Labs, Inc.Series C$165.4M$3.4B1.75×
TScan Therapeutics, Inc.Series C$123.3M$3.3B1.71×
Edgewise Therapeutics, Inc.Series C$120.1M$3.3B1.70×
Miragen Therapeutics, Inc.Series C$197.8M$3.3B1.69×
Codexis, Inc. this companySeries C$50.0M$2.0B1.05×
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 C$50.0M2019-06-20$333.3M$2.0B90%
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 C$50.0M2019-06-20
    • First recorded raise — entered as Series C.
    • 1 investor on this round.
Intelligence
Modeled next raise
$80.0M
Modeled next size est.range $52.0M$128.0M
Last step-up
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 Smith41 other2019-06
Thomas Baruch3 other2019-06
Dennis Wolf2 other2019-06
Kathleen Glaub2 other2019-06
Patrick Yang2 other2019-06
John Nicols1 other2019-06
Bernard Kelley2019-06
Byron Dorgan2019-06
Gordon Sangster2019-06
Pam Cheng2019-06
Registry & provenance

Codexis, 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
1200375
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
Escient Pharmaceuticals IncBiotechnologySeries C$108.8M$994.9Mnetwork1 shared operator · same sector · same stage
Helicon Therapeutics IncBiotechnologySeries C$50.0M$2.0Bsame sector · same stage
OncoC4, Inc.BiotechnologySeries C$50.0M$1.7Bsame sector · same stage
Vaxin Inc.BiotechnologySeries C$50.0M$1.7Bsame sector · same stage
Prothena Corp plcBiotechnologySeries C$50.0M$2.0Bsame sector · same stage
Surrozen, Inc.BiotechnologySeries C$50.0M$2.0Bsame sector · same stage
Calysta, Inc.BiotechnologySeries C$50.2M$1.9Bsame sector · same stage
Kelonia Therapeutics, Inc.BiotechnologySeries C$50.3M$1.0Bsame 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
Apostle, Inc.BiotechnologySeed$148.0M86%
IDBiologics, Inc.BiotechnologySeries A$155.4M86%
CytoBioscience, Inc.BiotechnologySeries B$60.7M86%
Synthetic Biologics, Inc.BiotechnologySeries A$36.8M86%
Mission Bio, Inc.BiotechnologySeries B$1.1B86%
Orgenesis Inc.BiotechnologySeries A$14.4M86%
Character Biosciences, Inc.BiotechnologySeries C$50.5M86%
Medivis, Inc.BiotechnologySeries B$349.5M86%
Frequently asked
How much funding has Codexis, Inc. raised?
Codexis, Inc. has raised approximately $50.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Codexis, Inc.'s estimated valuation?
Provath's modeled valuation for Codexis, Inc. is approximately $2.0B (modeled range $154.7M–$5.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Codexis, Inc. at?
Codexis, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Jun 20.
What does Codexis, Inc. do and where is it based?
Codexis, Inc. operates in the Biotechnology sector, based in REDWOOD CITY.
Explore related

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

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