Companies · Biotechnology

Fountain Therapeutics, Inc.

South San Francisco · Biotechnology

Diligence memoA one-page analyst read on Fountain Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$26.9M
Total raised · real
3
Rounds
2.6×
Latest step-up
Top 28%
Sector rank · raised
Series B
Latest stage · inferred · Tue Nov 16 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Fountain Therapeutics, Inc. looks under-valued 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 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 0.57× the median modeled value of Series B Biotechnology companies in 2019–2021 (118 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.6 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal 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

Fountain Therapeutics, Inc. is one of 4291 Biotechnology companies tracked from South San Francisco. By capital raised it ranks in the upper tier (ahead of 73% of sector peers), and in the upper tier 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
8
Investors (latest)
2018
Year incorporated
2021-11-16
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 A · 2018-05-04 Raised $5.0M (real) Modeled valuation $181M (est)$5.0M$181MSeries A2018Series A · 2018-05-04 Raised $5.0M (real) Modeled valuation $181M (est)$5.0M$181MSeries A2018Series A · 2020-02-12 Raised $6.0M (real) Modeled valuation $217M (est)$6.0M$217MSeries A2020Series B · 2021-11-16 Raised $16M (real) Modeled valuation $348M (est)$16M$348MSeries B2021+$5.0M+$6.0M+$16MCumulative $32M

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$5.0M · 2018
Series A extension$5.0M · 2018
Series A extension$6.0M · 2020
Series B$15.9M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$348.5M
Base estimate est.
$31.7M
Conservative case
$1.0B
Upside case
$88.1M
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 A · modeled $180.8M · 2018-05-042018Series A · modeled $180.8M · 2018-05-04Series A · modeled $216.9M · 2020-02-12Series B · modeled $348.5M · 2021-11-162021
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
4.6 yr
Elapsed time used
4.6 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$7.6M/yr
Capital velocity
8.2 yr
On record since
2018
First round
4
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$26.9M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.9× of median
This company$15.9M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 5.4× above median
This company$348.5M
Sector median$64.2M

Raised more than 73% of sector peers (real $). Modeled value above 78% 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 #94 of 118.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Pandion Therapeutics Holdco LLC · Series B Raised $40.0M · modeled $1.6B (est)Ocular Therapeutix, Inc · Series B Raised $81.0M · modeled $1.5B (est)Insilico Medicine Cayman TopCo · Series B Raised $36.8M · modeled $1.5B (est)Purigen Biosystems, Inc. · Series B Raised $61.9M · modeled $1.4B (est)Lucira Health, Inc. · Series B Raised $32.5M · modeled $1.3B (est)Peptilogics, Inc. · Series B Raised $40.9M · modeled $1.2B (est)Nanotech Energy, Inc. · Series B Raised $31.6M · modeled $1.1B (est)Windtree Therapeutics Inc /De/ · Series B Raised $104.5M · modeled $1.0B (est)Liminal BioSciences Inc. · Series B Raised $67.1M · modeled $1.0B (est)Palladio Biosciences, Inc. · Series B Raised $28.0M · modeled $1.0B (est)Faze Medicines, Inc. · Series B Raised $30.4M · modeled $998.4M (est)Inivata Ltd · Series B Raised $25.0M · modeled $992.2M (est)Fountain Therapeutics, Inc. (this company) Raised $26.9M · modeled $348.5M (est)Fountain Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Pandion Therapeutics Holdco LLCSeries B$40.0M$1.6B2.58×
Ocular Therapeutix, IncSeries B$81.0M$1.5B2.42×
Insilico Medicine Cayman TopCoSeries B$36.8M$1.5B2.37×
Purigen Biosystems, Inc.Series B$61.9M$1.4B2.22×
Lucira Health, Inc.Series B$32.5M$1.3B2.10×
Peptilogics, Inc.Series B$40.9M$1.2B1.90×
Nanotech Energy, Inc.Series B$31.6M$1.1B1.82×
Windtree Therapeutics Inc /De/Series B$104.5M$1.0B1.71×
Liminal BioSciences Inc.Series B$67.1M$1.0B1.67×
Palladio Biosciences, Inc.Series B$28.0M$1.0B1.63×
Faze Medicines, Inc.Series B$30.4M$998.4M1.62×
Inivata LtdSeries B$25.0M$992.2M1.61×
Fountain Therapeutics, Inc. this companySeries B$26.9M$348.5M0.57×
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$5.0M2018-05-04$22.7M$180.8M90%
Series A$5.0M2018-05-04$22.7M$180.8M90%
Series A$6.0M2020-02-12$27.3M$216.9M90%
Series B$15.9M2021-11-16$88.1M$348.5M90%
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$5.0M2018-05-04
    • First recorded raise — entered as Series A.
    • 2 investors on this round.
  2. Series A$5.0M2018-05-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  3. Series A$6.0M2020-02-12
    • Raised again after 21 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  4. Series B$15.9M2021-11-16
    • Raised again after 21 mo — slower than the ~14 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • 8 investors on this round.
Intelligence
2023 ~Q1
Modeled next raise · ~14mo cadence
$41.9M
Modeled next size est.range $27.3M$67.1M
2.6×
Last step-up
$7.6M/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
Alex Morgan9 other2021-11
William Greene5 other2021-11
Ashish Khanna2 other2020-02
John Dimos2020-02
Thomas A. Rando2018-05
Thomas Rando2020-02
Registry & provenance

Fountain 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
1739815
SEC CIK
2018
Incorporated
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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
Io Therapeutics, Inc.BiotechnologySeries A$41.6M86%
Renova Therapeutics, Inc.BiotechnologyPre-Seed$739K85%
Valora Therapeutics, Inc.BiotechnologySeries A$67.7M85%
Rani Therapeutics, LLCBiotechnologySeries C$1.8B85%
Phi Therapeutics, Inc.BiotechnologySeries A$74.4M84%
Caldera Therapeutics, Inc.BiotechnologySeries B$139.0M83%
Flow Pharma, Inc.BiotechnologySeed$1.0M83%
Better Therapeutics, Inc.BiotechnologySeries A$1.7M83%
Frequently asked
How much funding has Fountain Therapeutics, Inc. raised?
Fountain Therapeutics, Inc. has raised approximately $26.9M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Fountain Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Fountain Therapeutics, Inc. is approximately $348.5M (modeled range $31.7M–$1.0B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Fountain Therapeutics, Inc. at?
Fountain Therapeutics, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Nov 16.
What does Fountain Therapeutics, Inc. do and where is it based?
Fountain Therapeutics, Inc. operates in the Biotechnology sector, based in South San Francisco.
Explore related

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

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