Companies · Biotechnology

Flagship Biosciences, Inc.

BROOMFIELD · Biotechnology

Diligence memoA one-page analyst read on Flagship Biosciences, Inc. — recommendation, valuation, rhythm, risks.
$26.8M
Total raised · real
5
Rounds
3.3×
Latest step-up
Top 28%
Sector rank · raised
Series B
Latest stage · inferred · Wed Apr 10 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Flagship Biosciences, Inc. looks under-valued 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.

Under-valued
  • Modeled value is 0.23× the median modeled value of Series B Biotechnology companies in 2022–2024 (197 peers) — value vs value, same stage and era.
Quiet
  • Last raise 2.2 yr 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

Flagship Biosciences, Inc. is one of 4291 Biotechnology companies tracked from BROOMFIELD. By capital raised it ranks in the upper tier (ahead of 73% 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
Rule 506(b)
Reg D exemption
3
Investors (latest)
2024-04-10
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$500MPre-Seed · 2018-01-09 Raised $1.0M (real) Modeled valuation $55M (est)$1.0M$55MPre-Seed2018Seed · 2018-06-26 Raised $2.5M (real) Modeled valuation $111M (est)$2.5M$111MSeed2018Series B · 2022-08-19 Raised $15M (real) Modeled valuation $243M (est)$15M$243MSeries B2022Series B · 2023-11-27 Raised $3.0M (real) Modeled valuation $28M (est)$3.0M$28MSeries B2023Seed · 2023-11-27 Raised $1.5M (real) Modeled valuation $10M (est)$1.5M$10MSeed2023Series B · 2024-04-10 Raised $5.0M (real) Modeled valuation $39M (est)$5.0M$39MSeries B2024+$2.5M+$15M+$3.0M+$1.5M+$5.0MCumulative $28M

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
Pre-Seed$1.0M · 2018
Seed$2.5M · 2018
Series B$15.3M · 2022no Series A on file
Series B extension$3.0M · 2023
Bridge · Series B-stage$1.5M · 2023smaller follow-on
Series B extension$5.0M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$39.2M
Base estimate est.
$10.0M
Conservative case
$73.3M
Upside case
$27.8M
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.

Pre-Seed · modeled $55.2M · 2018-01-092018Seed · modeled $111.0M · 2018-06-26Series B · modeled $242.8M · 2022-08-19Series B · modeled $27.6M · 2023-11-27Seed · modeled $10.1M · 2023-11-27Series B · modeled $39.2M · 2024-04-102024
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
2.2 yr
Elapsed time used
2.2 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$4.3M/yr
Capital velocity
8.5 yr
On record since
2018
First round
6
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) 3.7× above median
This company$26.8M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.3× of median
This company$5.0M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$39.2M
Sector median$64.2M

Raised more than 73% of sector peers (real $). Modeled value above 40% 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 #172 of 197.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Mt McKinley Medical Holding Corp USA · Series B Raised $40.0M · modeled $737.5M (est)YAP Therapeutics Inc · Series B Raised $30.1M · modeled $617.6M (est)Pinteon Therapeutics, Inc. · Series B Raised $39.2M · modeled $603.1M (est)OncXerna Therapeutics, Ltd. · Series B Raised $30.0M · modeled $590.7M (est)EpiBiologics, Inc. · Series B Raised $30.0M · modeled $569.5M (est)GIOGI Ltd · Series B Raised $27.3M · modeled $553.9M (est)SonoThera, Inc. · Series B Raised $30.4M · modeled $550.2M (est)Perceive Biotherapeutics, Inc. · Series B Raised $40.0M · modeled $544.0M (est)GIOHEALTH Ltd · Series B Raised $24.5M · modeled $498.0M (est)GIOCAN Ltd · Series B Raised $24.5M · modeled $498.0M (est)GIODIA Ltd · Series B Raised $24.5M · modeled $498.0M (est)Cerapedics Inc · Series B Raised $99.1M · modeled $491.7M (est)Flagship Biosciences, Inc. (this company) Raised $26.8M · modeled $39.2M (est)Flagship Biosciences, Inc.
CompanyStageRaised · realValue · estvs peer med.
Mt McKinley Medical Holding Corp USASeries B$40.0M$737.5M4.41×
YAP Therapeutics IncSeries B$30.1M$617.6M3.69×
Pinteon Therapeutics, Inc.Series B$39.2M$603.1M3.60×
OncXerna Therapeutics, Ltd.Series B$30.0M$590.7M3.53×
EpiBiologics, Inc.Series B$30.0M$569.5M3.40×
GIOGI LtdSeries B$27.3M$553.9M3.31×
SonoThera, Inc.Series B$30.4M$550.2M3.29×
Perceive Biotherapeutics, Inc.Series B$40.0M$544.0M3.25×
GIOHEALTH LtdSeries B$24.5M$498.0M2.97×
GIOCAN LtdSeries B$24.5M$498.0M2.97×
GIODIA LtdSeries B$24.5M$498.0M2.97×
Cerapedics IncSeries B$99.1M$491.7M2.94×
Flagship Biosciences, Inc. this companySeries B$26.8M$39.2M0.23×
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.
Pre-Seed$1.0M2018-01-09$5.6M$55.2M90%
Seed$2.5M2018-06-26$12.5M$111.0M90%
Series B$15.3M2022-08-19$84.9M$242.8M90%
Series B$3.0M2023-11-27$16.7M$27.6M90%
Seed$1.5M2023-11-27$7.5M$10.1M90%
Series B$5.0M2024-04-10$27.8M$39.2M90%
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. Pre-Seed$1.0M2018-01-09
    • First recorded raise — entered as Pre-Seed.
    • 9 investors on this round.
  2. Seed$2.5M2018-06-26
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 10 investors on this round.
  3. Series B$15.3M2022-08-19
    • Raised again after 50 mo — slower than the ~14 mo sector norm.
    • Round 6.1× larger than the prior — scaling up.
    • 3 investors on this round.
  4. Series B$3.0M2023-11-27
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 5.1× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  5. Seed$1.5M2023-11-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  6. Series B$5.0M2024-04-10
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 3.3× larger than the prior — scaling up.
    • 3 investors on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~15mo cadence
$15.0M
Modeled next size est.range $9.8M$24.0M
3.3×
Last step-up
$4.3M/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
William Snider6 other2023-11
Trevor Johnson1 other2018-01
Bill H. Snider2022-08
Dean David Northey2018-01
Fisher Aaron2022-08
Gary Dean Clark2018-06
Gary M. Clark2018-01
G. David Young2018-01
Gregory K. Tucker2018-01
Herb H. Hooper2022-08
Herb Hooper2023-11
Holger Dean Lange2018-06
Joe Dean Kruger2018-06
L. Dean Northey2018-06
Nancy A. Gillett2018-01
Nancy Dean Gillett2018-06
Paul Kirchgraber2023-11
Tom H. Turi2022-08
Tom Turi2023-11
Registry & provenance

Flagship Biosciences, 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
1733718
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
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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
Summit Biolabs, Inc.BiotechnologyPre-Seed$11.9M91%
Leading Biosciences, Inc.BiotechnologySeries B$557.6M90%
Mission Bio, Inc.BiotechnologySeries B$1.1B89%
Arsenal Biosciences, Inc.BiotechnologySeries D+$3.5B89%
Mosaic Biosciences, Inc.BiotechnologySeries A$176.1M89%
Pepper Bio, Inc.BiotechnologySeed$1.7M89%
Caladrius Biosciences, Inc.BiotechnologySeries B$776.6M89%
Everest Biolabs, Inc.BiotechnologySeries A$10.3M89%
Frequently asked
How much funding has Flagship Biosciences, Inc. raised?
Flagship Biosciences, Inc. has raised approximately $26.8M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Flagship Biosciences, Inc.'s estimated valuation?
Provath's modeled valuation for Flagship Biosciences, Inc. is approximately $39.2M (modeled range $10.0M–$73.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Flagship Biosciences, Inc. at?
Flagship Biosciences, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Apr 10.
What does Flagship Biosciences, Inc. do and where is it based?
Flagship Biosciences, Inc. operates in the Biotechnology sector, based in BROOMFIELD.
Explore related

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