Companies · Pharmaceuticals

Cydan, LLC

Cambridge · Pharmaceuticals

Diligence memoA one-page analyst read on Cydan, LLC — recommendation, valuation, rhythm, risks.
$10.6M
Total raised · real
2
Rounds
0.6×
Latest step-up
Top 46%
Sector rank · raised
Series A
Latest stage · inferred · Thu Mar 28 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Cydan, LLC 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 1.04× the median modeled value of Series A Pharmaceuticals companies in 2013–2015 (64 peers) — value vs value, same stage and era.
  • Within the normal band (104% of peer median) for its niche.
Dormant
  • Last raise 13.3 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Cydan, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
13.3 yr record
Peak capital year was 2013 with $10.6M across 2 filings.
Market position
ahead of 55% of Pharmaceuticals peers
Capital scale is ahead of 55% of Pharmaceuticals peers; modeled value is above 69% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2013: $10.6M across 2 filings.
  • Largest single filing was $6.6M on 2013-03-28.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

Cydan, LLC is one of 1610 Pharmaceuticals companies tracked from Cambridge. By capital raised it ranks mid-pack (ahead of 55% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
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 A · 2013-03-28 Raised $6.6M (real) Modeled valuation $204M (est)$6.6M$204MSeries A2013Seed · 2013-03-28 Raised $4.0M (real) Modeled valuation $151M (est)$4.0M$151MSeed2013+$4.0MCumulative $11M

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 A$6.6M · 2013
Bridge · Series A-stage$4.0M · 2013smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-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
$204.5M
Base estimate est.
$7.6M
Conservative case
$1.1B
Upside case
$30.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Series A · modeled $204.5M · 2013-03-282013Seed · modeled $150.9M · 2013-03-282013
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
46%
Survival probability
25% low · 63% high
1.57×/yr
Annual markup
1.97×/yr upside case
6.0 yr
Elapsed time used
13.3 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
13.3 yr
On record since
2013
First round
2
Rounds on file
How it compares to the market

Benchmarked against 1610 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) 1.3× above median
This company$10.6M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.8× of median
This company$4.0M
Sector median$5.2M
Modeled value — vs sector median (estimate, all stages) 2.7× above median
This company$204.5M
Sector median$76.1M

Raised more than 55% of sector peers (real $). Modeled value above 69% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #29 of 64.

This companyCohort peer
$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Aquinox Pharmaceuticals (Usa) Inc · Series A Raised $30.6M · modeled $433.6M (est)Neurovia, Inc. · Series A Raised $13.9M · modeled $432.1M (est)Romark Global Pharma, LLC · Series A Raised $13.8M · modeled $428.5M (est)Access Pharmaceuticals Inc · Series A Raised $39.2M · modeled $423.2M (est)OncoQuest Inc. · Series A Raised $13.0M · modeled $402.6M (est)Minnesota Medical Solutions LLC · Series A Raised $16.6M · modeled $402.6M (est)Immune Pharmaceuticals Inc · Series A Raised $11.7M · modeled $363.0M (est)Great Lakes Pharmaceuticals, Inc. · Series A Raised $11.2M · modeled $347.5M (est)Rhythm Holding Company, LLC · Series A Raised $11.0M · modeled $340.7M (est)Pharmatrophix Inc · Series A Raised $16.8M · modeled $319.0M (est)Vesuvius Pharmaceuticals, Inc. · Series A Raised $10.2M · modeled $316.7M (est)CoStim Pharmaceuticals Inc. · Series A Raised $10.0M · modeled $309.9M (est)Cydan, LLC (this company) Raised $10.6M · modeled $204.5M (est)Cydan, LLC
CompanyStageRaised · realValue · estvs peer med.
Aquinox Pharmaceuticals (Usa) IncSeries A$30.6M$433.6M2.21×
Neurovia, Inc.Series A$13.9M$432.1M2.20×
Romark Global Pharma, LLCSeries A$13.8M$428.5M2.18×
Access Pharmaceuticals IncSeries A$39.2M$423.2M2.16×
OncoQuest Inc.Series A$13.0M$402.6M2.05×
Minnesota Medical Solutions LLCSeries A$16.6M$402.6M2.05×
Immune Pharmaceuticals IncSeries A$11.7M$363.0M1.85×
Great Lakes Pharmaceuticals, Inc.Series A$11.2M$347.5M1.77×
Rhythm Holding Company, LLCSeries A$11.0M$340.7M1.74×
Pharmatrophix IncSeries A$16.8M$319.0M1.62×
Vesuvius Pharmaceuticals, Inc.Series A$10.2M$316.7M1.61×
CoStim Pharmaceuticals Inc.Series A$10.0M$309.9M1.58×
Cydan, LLC this companySeries A$10.6M$204.5M1.04×
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 A$6.6M2013-03-28$30.0M$204.5M90%
Seed$4.0M2013-03-28$19.8M$150.9M90%
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 A$6.6M2013-03-28
    • First recorded raise — entered as Series A.
  2. Seed$4.0M2013-03-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
Intelligence
Modeled next raise
$4.0M
Modeled next size est.range $4.0M$6.3M
0.6×
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 Mott8 other2013-03
Christoph M. Adams3 other2013-03
Sara Nayeem3 other2013-03
Barbara Dalton1 other2013-03
Cristina Csimma1 other2013-03
James M. McArthur1 other2013-03
Deborah M. Geraghty2013-03
Registry & provenance

Cydan, LLC 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
1573851
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
Edimer Pharmaceuticals, Inc.PharmaceuticalsSeries A$9.8M$303.4Mnetwork1 shared operator · same sector · same stage
Cydan II, Inc.BiotechnologySeries A$10.7M$385.6Mnetwork2 shared operators · same stage
Tiburio Therapeutics Inc.PharmaceuticalsSeries A$5.0M$154.9Mnetwork1 shared operator · same sector · same stage
Paringenix IncPharmaceuticalsSeries A$10.6M$101.3Msame sector · same stage
Psy Therapeutics, Inc.PharmaceuticalsSeries A$10.7M$107.9Msame sector · same stage
Annovation BioPharma, Inc.PharmaceuticalsSeries A$10.4M$247.8Msame sector · same stage
Phoenix Biotechnology IncPharmaceuticalsSeries A$10.9M$147.9Msame sector · same stage
Vesuvius Pharmaceuticals, Inc.PharmaceuticalsSeries A$10.2M$316.7Msame sector · same stage
Frequently asked
How much funding has Cydan, LLC raised?
Cydan, LLC has raised approximately $10.6M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Cydan, LLC's estimated valuation?
Provath's modeled valuation for Cydan, LLC is approximately $204.5M (modeled range $7.6M–$1.1B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cydan, LLC at?
Cydan, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Mar 28.
What does Cydan, LLC do and where is it based?
Cydan, LLC operates in the Pharmaceuticals sector, based in Cambridge.
Explore related

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

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