Diligence memo · auto-generated · as of July 2, 2026

DBV Technologies S.A.

DBV Technologies S.A. looks over-valued against its niche peers and is active on financing cadence.

WatchModeled above niche peers — entry today likely prices in growth not yet evidenced in the filings.

Businessfiled

DBV Technologies S.A. operates in Pharmaceuticals, based in CHATILLON.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

DBV Technologies S.A. has raised $307M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).

Largest single filing: $307M on 2025-04-07.

Most recent recorded round closed around 2025-04-07.

Valuation (modeled)modeled

Provath models DBV Technologies S.A. at approximately $2.6B (range $1.5B–$3.4B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Over-valued. Modeled value is 2.92× the median modeled value of Series D+ Pharmaceuticals companies in 2025–2027 (7 peers) — value vs value, same stage and era.

Financing rhythm & timingmixed

Last raise 15 mo ago; this sector typically re-raises about every 13 months.

Raising on or ahead of the sector's normal rhythm.

Comparablesmixed

Capital scale ranks ahead of 98% of Pharmaceuticals peers (1613 compared).

Modeled value ranks above 96% of those peers.

Closest niche peers: Galecto, Inc., NovaBay Pharmaceuticals, Inc., Pelage Pharmaceuticals, Inc., Triana Biomedicines, Inc., Quoin Pharmaceuticals, Ltd..

Peoplefiled

12 named people on file across officers, directors and signatories.

Risks & flagsmixed

Modeled above niche peers — valuation risk on entry.

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.