Companies · Biotechnology

Cyclacel Pharmaceuticals, Inc.

BERKELEY HEIGHTS · Biotechnology

Diligence memoA one-page analyst read on Cyclacel Pharmaceuticals, Inc. — recommendation, valuation, rhythm, risks.
$61.3M
Total raised · real
7
Rounds
0.0×
Latest step-up
Top 16%
Sector rank · raised
Series B
Latest stage · inferred · Fri Mar 21 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Cyclacel Pharmaceuticals, Inc. looks under-valued against its niche peers and is active 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.

Under-valued
  • Modeled value is 0.07× the median modeled value of Series B Biotechnology companies in 2025–2027 (94 peers) — value vs value, same stage and era.
Active
  • Last raise 15 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Cyclacel Pharmaceuticals, Inc. is one of 4293 Biotechnology companies tracked from BERKELEY HEIGHTS. By capital raised it ranks in the upper tier (ahead of 85% of sector peers), and in the long tail 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
4
Investors (latest)
2025-03-21
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$250M$500M$750M$1.0BSeries B · 2010-10-07 Raised $15M (real) Modeled valuation $603M (est)Series B2010Series B · 2012-03-22 Raised $3.0M (real) Modeled valuation $120M (est)Series B2012Series B · 2020-12-18 Raised $7.0M (real) Modeled valuation $228M (est)Series B2020Series B · 2024-05-02 Raised $8.0M (real) Modeled valuation $61M (est)Series B2024Series B · 2024-11-14 Raised $2.1M (real) Modeled valuation $13M (est)Series B2024Series B · 2025-02-14 Raised $25M (real) Modeled valuation $136M (est)Series B2025Series B · 2025-03-21 Raised $1.0M (real) Modeled valuation $5.2M (est)Series B2025+$3.0M+$7.0M+$8.0M+$2.1M+$25M+$1.0MCumulative $61M

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$15.2M · 2010
Series B extension$3.0M · 2012
Series B extension$7.0M · 2020
Series B extension$8.0M · 2024
Series B extension$2.1M · 2024
Series B extension$25.0M · 2025
Series B extension$1.0M · 2025

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
$5.2M
Base estimate est.
$2.0M
Conservative case
$8.2M
Upside case
$5.6M
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 $603.3M · 2010-10-072010Series B · modeled $120.5M · 2012-03-22Series B · modeled $227.7M · 2020-12-18Series B · modeled $61.2M · 2024-05-02Series B · modeled $12.5M · 2024-11-14Series B · modeled $136.4M · 2025-02-14Series B · modeled $5.2M · 2025-03-212025
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
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
29 mo
Avg between rounds
$4.2M/yr
Capital velocity
15.7 yr
On record since
2010
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) 8.5× above median
This company$61.3M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$1.0M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$5.2M
Sector median$64.2M

Raised more than 85% of sector peers (real $). Modeled value above 10% 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 #90 of 94.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)MarvelBiome, Inc. · Series B Raised $54.9M · modeled $163.2M (est)Iantrek, Inc. · Series B Raised $58.2M · modeled $152.4M (est)Dualitas Therapeutics, Inc. · Series B Raised $32.6M · modeled $150.4M (est)Antares Therapeutics, Inc. · Series B Raised $70.0M · modeled $149.7M (est)OrthoBio Therapeutics, Inc. · Series B Raised $31.4M · modeled $147.5M (est)Medcura, Inc. · Series B Raised $40.9M · modeled $145.0M (est)Neurolutions Inc · Series B Raised $26.5M · modeled $144.9M (est)Renasant Bio, Inc. · Series B Raised $55.5M · modeled $144.0M (est)Caldera Therapeutics, Inc. · Series B Raised $37.5M · modeled $139.2M (est)VitriVax, Inc. · Series B Raised $29.4M · modeled $136.9M (est)DiaMedica Therapeutics Inc. · Series B Raised $110.4M · modeled $136.3M (est)OmniAb, Inc. · Series B Raised $30.0M · modeled $130.5M (est)Cyclacel Pharmaceuticals, Inc. (this company) Raised $61.3M · modeled $5.2M (est)Cyclacel Pharmaceuticals, Inc.
CompanyStageRaised · realValue · estvs peer med.
MarvelBiome, Inc.Series B$54.9M$163.2M2.11×
Iantrek, Inc.Series B$58.2M$152.4M1.97×
Dualitas Therapeutics, Inc.Series B$32.6M$150.4M1.94×
Antares Therapeutics, Inc.Series B$70.0M$149.7M1.93×
OrthoBio Therapeutics, Inc.Series B$31.4M$147.5M1.90×
Medcura, Inc.Series B$40.9M$145.0M1.87×
Neurolutions IncSeries B$26.5M$144.9M1.87×
Renasant Bio, Inc.Series B$55.5M$144.0M1.86×
Caldera Therapeutics, Inc.Series B$37.5M$139.2M1.80×
VitriVax, Inc.Series B$29.4M$136.9M1.77×
DiaMedica Therapeutics Inc.Series B$110.4M$136.3M1.76×
OmniAb, Inc.Series B$30.0M$130.5M1.68×
Cyclacel Pharmaceuticals, Inc. this companySeries B$61.3M$5.2M0.07×
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$15.2M2010-10-07$84.4M$603.3M85%
Series B$3.0M2012-03-22$16.9M$120.5M85%
Series B$7.0M2020-12-18$38.9M$227.7M90%
Series B$8.0M2024-05-02$44.4M$61.2M90%
Series B$2.1M2024-11-14$11.5M$12.5M90%
Series B$25.0M2025-02-14$138.9M$136.4M90%
Series B$1.0M2025-03-21$5.6M$5.2M90%
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$15.2M2010-10-07
    • First recorded raise — entered as Series B.
    • 20 investors on this round.
  2. Series B$3.0M2012-03-22
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round 5.0× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  3. Series B$7.0M2020-12-18
    • Raised again after 105 mo — slower than the ~14 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  4. Series B$8.0M2024-05-02
    • Raised again after 40 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  5. Series B$2.1M2024-11-14
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 3.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  6. Series B$25.0M2025-02-14
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 12.1× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Series B$1.0M2025-03-21
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 25.0× smaller than the prior — bridge or down round.
    • 4 investors on this round.
Intelligence
2027 ~Q3
Modeled next raise · ~29mo cadence
$1.0M
Modeled next size est.range $1.0M$1.6M
0.0×
Last step-up
$4.2M/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
Robert Spiegel7 other2024-05
Brian Schwartz5 other2024-05
DAVID LAZAR4 other2025-02
DANIEL K. SPIEGELMAN3 other2010-10
Avraham Ben-Tzvi2 other2025-02
CHRISTOPHER S. HENNEY1 other2012-03
David Natan1 other2025-02
John Banham1 other2010-10
Karin L. Walker1 other2020-12
Samuel L. Barker1 other2020-12
Avraham Fock Ben-Tzvi2025-03
Brian L. Schwartz2020-12
Christopher Henney2010-10
Datuk Dr. Doris Wong Sing Ee2025-03
David Fock Natan2025-03
David K. U'Prichard2010-10
Gregory K. Hradsky2012-03
Gregory T. Hradsky2020-12
John S. Banham2012-03
Judy Chiao2012-03
Karin Walker2024-05
Kenneth Ferguson2024-05
Kiu Cu Seng2025-03
Kwang Fock Chong2025-03
Registry & provenance

Cyclacel 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
1130166
SEC CIK
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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.

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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
Dracen Pharmaceuticals, Inc.BiotechnologySeries A$20.0M87%
Cypris Medical, Inc.BiotechnologyPre-Seed$8.3M86%
Cynaptec Pharmaceuticals, Inc.BiotechnologySeries A$21.7M86%
Pharmesol Inc.BiotechnologySeed$4.2M86%
ASLAN Pharmaceuticals LtdBiotechnologySeries B$40.5M86%
Cytek BioSciences, Inc.BiotechnologySeries D+$4.5B85%
CytoBioscience, Inc.BiotechnologySeries B$60.7M85%
Novita Pharmaceuticals, Inc.BiotechnologySeries A$86.4M85%
Frequently asked
How much funding has Cyclacel Pharmaceuticals, Inc. raised?
Cyclacel Pharmaceuticals, Inc. has raised approximately $61.3M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Cyclacel Pharmaceuticals, Inc.'s estimated valuation?
Provath's modeled valuation for Cyclacel Pharmaceuticals, Inc. is approximately $5.2M (modeled range $2.0M–$8.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cyclacel Pharmaceuticals, Inc. at?
Cyclacel Pharmaceuticals, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Mar 21.
What does Cyclacel Pharmaceuticals, Inc. do and where is it based?
Cyclacel Pharmaceuticals, Inc. operates in the Biotechnology sector, based in BERKELEY HEIGHTS.
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