Companies · Biotechnology

Convergent Therapeutics, Inc.

CAMBRIDGE · Biotechnology

Diligence memoA one-page analyst read on Convergent Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$51.4M
Total raised · real
2
Rounds
0.8×
Latest step-up
Top 19%
Sector rank · raised
Series B
Latest stage · inferred · Wed Jul 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Convergent 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 0.91× the median modeled value of Series B Biotechnology companies in 2022–2024 (197 peers) — value vs value, same stage and era.
  • Within the normal band (91% of peer median) for its niche.
Quiet
  • Last raise 23 mo 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

Convergent Therapeutics, Inc. is one of 4293 Biotechnology companies tracked from CAMBRIDGE. By capital raised it ranks in the upper tier (ahead of 82% of sector peers), and mid-pack 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
1
Investors (latest)
2020
Year incorporated
2024-07-31
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$125M$250M$375M$500MSeries B · 2023-04-27 Raised $29M (real) Modeled valuation $345M (est)$29M$345MSeries B2023Series B · 2024-07-31 Raised $22M (real) Modeled valuation $153M (est)$22M$153MSeries B2024+$22MCumulative $51M

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$29.2M · 2023
Series B extension$22.2M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$153.1M
Base estimate est.
$44.4M
Conservative case
$269.7M
Upside case
$123.5M
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 biotech sector profile. Directional, not a quoted figure.

Series B · modeled $345.3M · 2023-04-272023Series B · modeled $153.1M · 2024-07-312024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
36% low · 66% high
1.54×/yr
Annual markup
1.86×/yr upside case
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$40.7M/yr
Capital velocity
3.2 yr
On record since
2023
First round
2
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) 7.1× above median
This company$51.4M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.3× above median
This company$22.2M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 2.4× above median
This company$153.1M
Sector median$64.2M

Raised more than 82% of sector peers (real $). Modeled value above 67% 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 #105 of 197.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Mt McKinley Medical Holding Corp USA · Series B Raised $40.0M · modeled $738.4M (est)YAP Therapeutics Inc · Series B Raised $30.1M · modeled $618.3M (est)Pinteon Therapeutics, Inc. · Series B Raised $39.2M · modeled $603.8M (est)OncXerna Therapeutics, Ltd. · Series B Raised $30.0M · modeled $591.4M (est)EpiBiologics, Inc. · Series B Raised $30.0M · modeled $570.2M (est)GIOGI Ltd · Series B Raised $27.3M · modeled $554.5M (est)SonoThera, Inc. · Series B Raised $30.4M · modeled $550.9M (est)Perceive Biotherapeutics, Inc. · Series B Raised $40.0M · modeled $544.6M (est)GIOCAN Ltd · Series B Raised $24.5M · modeled $498.6M (est)GIODIA Ltd · Series B Raised $24.5M · modeled $498.6M (est)GIOHEALTH Ltd · Series B Raised $24.5M · modeled $498.6M (est)Cerapedics Inc · Series B Raised $99.1M · modeled $492.3M (est)Convergent Therapeutics, Inc. (this company) Raised $51.4M · modeled $153.1M (est)Convergent Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Mt McKinley Medical Holding Corp USASeries B$40.0M$738.4M4.41×
YAP Therapeutics IncSeries B$30.1M$618.3M3.69×
Pinteon Therapeutics, Inc.Series B$39.2M$603.8M3.60×
OncXerna Therapeutics, Ltd.Series B$30.0M$591.4M3.53×
EpiBiologics, Inc.Series B$30.0M$570.2M3.40×
GIOGI LtdSeries B$27.3M$554.5M3.31×
SonoThera, Inc.Series B$30.4M$550.9M3.29×
Perceive Biotherapeutics, Inc.Series B$40.0M$544.6M3.25×
GIOCAN LtdSeries B$24.5M$498.6M2.97×
GIODIA LtdSeries B$24.5M$498.6M2.97×
GIOHEALTH LtdSeries B$24.5M$498.6M2.97×
Cerapedics IncSeries B$99.1M$492.3M2.94×
Convergent Therapeutics, Inc. this companySeries B$51.4M$153.1M0.91×
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$29.2M2023-04-27$162.1M$345.3M90%
Series B$22.2M2024-07-31$123.5M$153.1M90%
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$29.2M2023-04-27
    • First recorded raise — entered as Series B.
    • 15 investors on this round.
  2. Series B$22.2M2024-07-31
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~15mo cadence
$22.2M
Modeled next size est.range $22.2M$35.6M
0.8×
Last step-up
$40.7M/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
Jake Simson5 other2023-04
Alexander Brown2 other2023-04
Eric Sullivan2 other2024-07
Tal Zaks2 other2023-04
Jim Trenkle2024-07
Neil Bander2023-04
Philip Kantoff2023-04
Registry & provenance

Convergent 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
1978126
SEC CIK
2020
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
Vivace Therapeutics, Inc.BiotechnologySeries B$60.5M$94.0Mnetwork1 shared operator · same sector · same stage
Outpace Bio, Inc.BiotechnologySeries C$56.0M$491.3Mnetwork1 shared operator · same sector
Lucid Diagnostics Inc.BiotechnologySeries B$51.7M$132.2Msame sector · same stage
Visiongate IncBiotechnologySeries B$51.8M$148.8Msame sector · same stage
AltheaDx, Inc.BiotechnologySeries B$51.8M$137.5Msame sector · same stage
Capricor Therapeutics, Inc.BiotechnologySeries B$51.9M$147.2Msame sector · same stage
Synnovation Therapeutics, Inc.BiotechnologySeries B$52.0M$136.3Msame sector · same stage
Omeros CorpBiotechnologySeries B$52.0M$120.9Msame 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
Vergent Bioscience, Inc.BiotechnologySeries B$77.3M87%
Combined Therapeutics, Inc.BiotechnologyPre-Seed$13.8M85%
Vita Therapeutics, Inc.BiotechnologySeries B$461.5M85%
Talaris Therapeutics, Inc.BiotechnologySeries D+$4.4B85%
Monopar TherapeuticsBiotechnologySeries A$361.5M85%
Edgewise Therapeutics, Inc.BiotechnologySeries C$3.3B85%
Soley Therapeutics, Inc.BiotechnologySeries B$701.2M84%
Synnovation Therapeutics, Inc.BiotechnologySeries B$136.3M84%
Frequently asked
How much funding has Convergent Therapeutics, Inc. raised?
Convergent Therapeutics, Inc. has raised approximately $51.4M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Convergent Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Convergent Therapeutics, Inc. is approximately $153.1M (modeled range $44.4M–$269.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Convergent Therapeutics, Inc. at?
Convergent Therapeutics, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Jul 31.
What does Convergent Therapeutics, Inc. do and where is it based?
Convergent Therapeutics, Inc. operates in the Biotechnology sector, based in CAMBRIDGE.
Explore related

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

Is this your company?

If you work at Convergent Therapeutics, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.