Companies · Other

Freenome Holdings, Inc.

SOUTH SAN FRANCISCO · Other

Diligence memoA one-page analyst read on Freenome Holdings, Inc. — recommendation, valuation, rhythm, risks.
$750.6M
Total raised · real
5
Rounds
0.9×
Latest step-up
Top 1%
Sector rank · raised
Series D+
Latest stage · inferred · Mon Nov 22 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Freenome Holdings, Inc. looks over-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.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.58× the median modeled value of Series D+ Other companies in 2019–2021 (110 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.6 yr ago; this sector typically re-raises about every 11 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

Freenome Holdings, Inc. 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
10.1 yr record
Peak capital year was 2020 with $270.0M across 1 filings.
Market position
ahead of 100% of Other peers
Capital scale is ahead of 100% of Other peers; modeled value is above 99% 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
Lower 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
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2020: $270.0M across 1 filings.
  • Largest single filing was $270.0M on 2020-08-14.
  • Filing rows sum to $814.5M, while canonical raised total is $750.6M; likely amendments/superseded rows are mixed into the detail view.
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.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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 Other

Freenome Holdings, Inc. is one of 25008 Other companies tracked from SOUTH SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest 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
58
Investors (latest)
2016
Year incorporated
2021-11-22
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$1.3B$2.5B$3.8B$5.0BSeries A · 2016-05-23 Raised $5.6M (real) Modeled valuation $84M (est)$5.6M$84MSeries A2016Series C · 2017-02-23 Raised $72M (real) Modeled valuation $1.2B (est)$72M$1.2BSeries C2017Series C · 2017-02-23 Raised $64M (real) Modeled valuation $1.1B (est)$64M$1.1BSeries C2017Series D+ · 2019-06-24 Raised $160M (real) Modeled valuation $2.8B (est)$160M$2.8BSeries D+2019Series D+ · 2020-08-14 Raised $270M (real) Modeled valuation $4.6B (est)$270M$4.6BSeries D+2020Series D+ · 2021-11-22 Raised $243M (real) Modeled valuation $3.4B (est)$243M$3.4BSeries D+2021+$72M+$64M+$160M+$270M+$243MCumulative $815M

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$5.6M · 2016
Series C$72.0M · 2017no Series B on file
Series C extension$63.9M · 2017
Series D+$160.0M · 2019
Series D+ extension$270.0M · 2020
Series D+ extension$243.0M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — 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
$3.4B
Base estimate est.
$1.4B
Conservative case
$6.4B
Upside case
$2.0B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series A · modeled $84.0M · 2016-05-232016Series C · modeled $1.2B · 2017-02-23Series C · modeled $1.1B · 2017-02-23Series D+ · modeled $2.8B · 2019-06-24Series D+ · modeled $4.6B · 2020-08-14Series D+ · modeled $3.4B · 2021-11-222021
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
85%
Survival probability
68% low · 94% high
1.16×/yr
Annual markup
1.30×/yr upside case
4.6 yr
Elapsed time used
4.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$136.5M/yr
Capital velocity
10.1 yr
On record since
2016
First round
6
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 367× above median
This company$750.6M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.9× above median
This company$243.0M
Sector median$125.1M
Modeled value — vs sector median (estimate, all stages) 193× above median
This company$3.4B
Sector median$17.7M

Raised more than 100% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #28 of 110.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0BCapital raised (log)Renascence Equity Ventures, Inc. · Series D+ Raised $400.0M · modeled $6.1B (est)Trulioo Information Services Inc. · Series D+ Raised $429.5M · modeled $5.9B (est)Diamond S Shipping Inc. · Series D+ Raised $333.3M · modeled $5.8B (est)BOA Holdings Inc. · Series D+ Raised $340.1M · modeled $5.6B (est)Maverick Parent L.P. · Series D+ Raised $305.7M · modeled $5.3B (est)Sustainable Bioproducts, Inc. · Series D+ Raised $460.0M · modeled $5.3B (est)Convoy, Inc. · Series D+ Raised $479.6M · modeled $5.2B (est)Natasha Harris-Johnson Trust · Series D+ Raised $300.0M · modeled $5.2B (est)Thriveworks TopCo, LLC · Series D+ Raised $340.2M · modeled $5.0B (est)Fanatics TC Holdco, Inc. · Series D+ Raised $347.0M · modeled $5.0B (est)ALCV Investments, L.P. · Series D+ Raised $310.0M · modeled $4.8B (est)Kabompo Holdings, Ltd. · Series D+ Raised $375.8M · modeled $4.6B (est)Freenome Holdings, Inc. (this company) Raised $750.6M · modeled $3.4B (est)Freenome Holdings, Inc.
CompanyStageRaised · realValue · estvs peer med.
Renascence Equity Ventures, Inc.Series D+$400.0M$6.1B2.80×
Trulioo Information Services Inc.Series D+$429.5M$5.9B2.75×
Diamond S Shipping Inc.Series D+$333.3M$5.8B2.66×
BOA Holdings Inc.Series D+$340.1M$5.6B2.60×
Maverick Parent L.P.Series D+$305.7M$5.3B2.44×
Sustainable Bioproducts, Inc.Series D+$460.0M$5.3B2.44×
Convoy, Inc.Series D+$479.6M$5.2B2.41×
Natasha Harris-Johnson TrustSeries D+$300.0M$5.2B2.40×
Thriveworks TopCo, LLCSeries D+$340.2M$5.0B2.33×
Fanatics TC Holdco, Inc.Series D+$347.0M$5.0B2.30×
ALCV Investments, L.P.Series D+$310.0M$4.8B2.20×
Kabompo Holdings, Ltd.Series D+$375.8M$4.6B2.13×
Freenome Holdings, Inc. this companySeries D+$750.6M$3.4B1.58×
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$5.6M2016-05-23$25.2M$84.0M85%
Series C$72.0M2017-02-23$480.0M$1.2B90%
Series C$63.9M2017-02-23$426.3M$1.1B90%
Series D+$160.0M2019-06-24$1.3B$2.8B90%
Series D+$270.0M2020-08-14$2.2B$4.6B90%
Series D+$243.0M2021-11-22$2.0B$3.4B90%
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$5.6M2016-05-23
    • First recorded raise — entered as Series A.
    • 13 investors on this round.
  2. Series C$72.0M2017-02-23
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 13.0× larger than the prior — scaling up.
    • 24 investors on this round.
  3. Series C$63.9M2017-02-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
  4. Series D+$160.0M2019-06-24
    • Raised again after 28 mo — slower than the ~11 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 47 investors on this round.
  5. Series D+$270.0M2020-08-14
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 55 investors on this round.
  6. Series D+$243.0M2021-11-22
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 58 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~13mo cadence
$243.0M
Modeled next size est.range $243.0M$388.8M
0.9×
Last step-up
$136.5M/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
Amir Nashat13 other2019-06
Vijay Pande8 other2017-02
Peter Kolchinsky7 other2021-11
Charles Roberts3 other2016-05
Randal Scott3 other2019-06
Gabriel Otte2 other2016-05
Ellen Hukkelhoven1 other2020-08
Riley Ennis1 other2017-02
Michael Nolan2021-11
Registry & provenance

Freenome Holdings, 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
1676446
SEC CIK
2016
Incorporated
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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
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Frequently asked
How much funding has Freenome Holdings, Inc. raised?
Freenome Holdings, Inc. has raised approximately $750.6M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Freenome Holdings, Inc.'s estimated valuation?
Provath's modeled valuation for Freenome Holdings, Inc. is approximately $3.4B (modeled range $1.4B–$6.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Freenome Holdings, Inc. at?
Freenome Holdings, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon Nov 22.
What does Freenome Holdings, Inc. do and where is it based?
Freenome Holdings, Inc. operates in the Other sector, based in SOUTH SAN FRANCISCO.
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