Companies · Biotech / Pharma

Manus Bio Inc.

WALTHAM · Biotech / Pharma · refined from filed group “Other

Diligence memoA one-page analyst read on Manus Bio Inc. — recommendation, valuation, rhythm, risks.
$118.0M
Total raised · real
6
Rounds
0.5×
Latest step-up
Top 6%
Sector rank · raised
Series C
Latest stage · inferred · Mon Apr 08 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Manus Bio 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/pharma 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 0.21× the median modeled value of Series C Biotech / Pharma companies in 2022–2024 (8 peers) — value vs value, same stage and era.
Quiet
  • Last raise 2.2 yr ago; this sector typically re-raises about every 15 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 Biotech / Pharma

Manus Bio Inc. is one of 227 Biotech / Pharma companies tracked from WALTHAM. By capital raised it ranks among the largest (ahead of 95% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
6
Investors (latest)
2024-04-08
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$5.0BPre-Seed · 2016-09-30 Raised $300K (real) Modeled valuation $15M (est)Pre-Seed2016Series A · 2017-07-01 Raised $7.0M (real) Modeled valuation $235M (est)Series A2017Series A · 2017-08-31 Raised $9.1M (real) Modeled valuation $303M (est)Series A2017Series A · 2018-06-12 Raised $10M (real) Modeled valuation $335M (est)Series A2018Series C · 2020-04-16 Raised $66M (real) Modeled valuation $2.5B (est)Series C2020Series C · 2020-08-20 Raised $66M (real) Modeled valuation $2.4B (est)Series C2020Series C · 2021-08-20 Raised $21M (real) Modeled valuation $532M (est)Series C2021Series C · 2024-04-08 Raised $11M (real) Modeled valuation $108M (est)Series C2024+$7.0M+$9.1M+$10M+$66M+$66M+$21M+$11MCumulative $191M

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$300K · 2016
Series A$7.0M · 2017no Seed on file
Series A extension$9.1M · 2017
Series A extension$10.0M · 2018
Series C$66.2M · 2020no Series B on file
Series C extension$66.2M · 2020
Series C extension$21.2M · 2021
Series C extension$11.3M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$108.2M
Base estimate est.
$35.7M
Conservative case
$169.7M
Upside case
$75.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the biotech/pharma sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $15.3M · 2016-09-302016Series A · modeled $235.3M · 2017-07-01Series A · modeled $303.2M · 2017-08-31Series A · modeled $335.0M · 2018-06-12Series C · modeled $2.5B · 2020-04-16Series C · modeled $2.4B · 2020-08-20Series C · modeled $532.2M · 2021-08-20Series C · modeled $108.2M · 2024-04-082024
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
48% low · 74% high
1.44×/yr
Annual markup
1.65×/yr upside case
2.2 yr
Elapsed time used
2.2 yr actual, capped for stale marks
biotech/pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$15.7M/yr
Capital velocity
9.8 yr
On record since
2016
First round
8
Rounds on file
How it compares to the market

Benchmarked against 227 companies in Biotech / Pharma. 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) 21× above median
This company$118.0M
Sector median$5.6M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.2× of median
This company$11.3M
Sector median$48.1M
Modeled value — vs sector median (estimate, all stages) 3.5× above median
This company$108.2M
Sector median$30.5M

Raised more than 95% of sector peers (real $). Modeled value above 71% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #8 of 8.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Sherlock Biosciences, Inc. · Series C Raised $112.8M · modeled $1.7B (est)Pacific Biosciences Of California, Inc. · Series C Raised $190.3M · modeled $981.0M (est)Sudo Biosciences, Inc. · Series C Raised $73.1M · modeled $685.1M (est)Elephas Biosciences Corp · Series C Raised $113.7M · modeled $560.1M (est)NOLA PharmaHoldings, LLC · Series C Raised $48.1M · modeled $447.6M (est)Belenos Biosciences, Inc. · Series C Raised $48.0M · modeled $421.0M (est)TwinStrand Biosciences, Inc. · Series C Raised $85.0M · modeled $132.2M (est)Manus Bio Inc. (this company) Raised $118.0M · modeled $108.2M (est)Manus Bio Inc.
CompanyStageRaised · realValue · estvs peer med.
Sherlock Biosciences, Inc.Series C$112.8M$1.7B3.29×
Pacific Biosciences Of California, Inc.Series C$190.3M$981.0M1.95×
Sudo Biosciences, Inc.Series C$73.1M$685.1M1.36×
Elephas Biosciences CorpSeries C$113.7M$560.1M1.11×
NOLA PharmaHoldings, LLCSeries C$48.1M$447.6M0.89×
Belenos Biosciences, Inc.Series C$48.0M$421.0M0.84×
TwinStrand Biosciences, Inc.Series C$85.0M$132.2M0.26×
Manus Bio Inc. this companySeries C$118.0M$108.2M0.21×
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$300K2016-09-30$1.7M$15.3M90%
Series A$7.0M2017-07-01$31.9M$235.3M90%
Series A$9.1M2017-08-31$41.1M$303.2M90%
Series A$10.0M2018-06-12$45.5M$335.0M90%
Series C$66.2M2020-04-16$441.3M$2.5B90%
Series C$66.2M2020-08-20$441.3M$2.4B90%
Series C$21.2M2021-08-20$141.5M$532.2M90%
Series C$11.3M2024-04-08$75.1M$108.2M90%
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$300K2016-09-30
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Series A$7.0M2017-07-01
    • Came back fast: 9 mo vs the ~15 mo sector norm.
    • Round 23.4× larger than the prior — scaling up.
  3. Series A$9.1M2017-08-31
    • Came back fast: 2 mo vs the ~15 mo sector norm.
    • Round roughly the size of the prior one.
    • 24 investors on this round.
  4. Series A$10.0M2018-06-12
    • Raised 9 mo later, in step with the ~15 mo sector norm.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
  5. Series C$66.2M2020-04-16
    • Raised 22 mo later, in step with the ~15 mo sector norm.
    • Round 6.6× larger than the prior — scaling up.
    • 27 investors on this round.
  6. Series C$66.2M2020-08-20
    • Came back fast: 4 mo vs the ~15 mo sector norm.
    • Round roughly the size of the prior one.
    • 27 investors on this round.
  7. Series C$21.2M2021-08-20
    • Raised 12 mo later, in step with the ~15 mo sector norm.
    • Round 3.1× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  8. Series C$11.3M2024-04-08
    • Raised again after 32 mo — slower than the ~15 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 6 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~13mo cadence
$11.3M
Modeled next size est.range $11.3M$18.0M
0.5×
Last step-up
$15.7M/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
Raymond Chang9 other2018-06
Jeff Anderson7 other2018-06
Carsten Boers4 other2016-09
Richard Goldstein4 other2016-09
COLIN GOUNDEN3 other2017-07
Jason Whaley3 other2016-09
Gregory Stephanopoulos1 other2016-09
Rick Gerson1 other2021-08
Ajikumar Parayil2016-09
Ajikumar Parayil Kumaran2024-04
Alena A. Ivashenka2024-04
Alena Ivashenka2021-08
Bryon Alsberg2018-06
Byron Alsberg2017-08
Christine Santos2018-06
Jean A. Nehme2024-04
Jeremiah Hux2021-08
John Nehme2021-08
Julio A. Ruiz Calderon2024-04
Michael A. Carlos2024-04
Michael Carlos2017-07
Paul Boni2018-06
Rick A. Gerson2024-04
Zanna McFerson2018-06
Registry & provenance

Manus Bio 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
1686230
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
Elephas Biosciences CorpBiotech / PharmaSeries C$113.7M$560.1Msame sector · same stage
Life Biosciences LLCBiotech / PharmaSeries C$123.4M$2.8Bsame sector · same stage
Sherlock Biosciences, Inc.Biotech / PharmaSeries C$112.8M$1.7Bsame sector · same stage
Imago BioSciences, Inc.Biotech / PharmaSeries C$137.5M$2.7Bsame sector · same stage
Coherus BioSciences, Inc.Biotech / PharmaSeries C$160.7M$258.3Msame sector · same stage
TwinStrand Biosciences, Inc.Biotech / PharmaSeries C$85.0M$132.2Msame sector · same stage
Hazel Technologies, Inc.AgricultureSeries C$102.6M$49.0Mnetwork1 shared operator · same stage
Ubicquia, Inc.Other TechnologySeries C$101.9M$570.3Mnetwork1 shared operator · same stage
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
Mantis Biotechnology CorpBiotechnologySeries A$13.0M87%
Anubis Bio Corp.Biotech / PharmaPre-Seed$15.3M84%
Animal Biosciences, Inc.Biotech / PharmaSeed$31.6M83%
PharmaCann Inc.Biotech / PharmaSeries D+$413.1M83%
AbX Biologics, Inc.Biotech / PharmaPre-Seed$51.2M83%
Me Biosciences, Inc.Biotech / PharmaPre-Seed$25.6M83%
INIA Biosciences, Inc.Biotech / PharmaPre-Seed$1.3M82%
PharmaCCX, Inc.Biotech / PharmaSeries A$45.0M82%
Frequently asked
How much funding has Manus Bio Inc. raised?
Manus Bio Inc. has raised approximately $118.0M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Manus Bio Inc.'s estimated valuation?
Provath's modeled valuation for Manus Bio Inc. is approximately $108.2M (modeled range $35.7M–$169.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Manus Bio Inc. at?
Manus Bio Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Apr 08.
What does Manus Bio Inc. do and where is it based?
Manus Bio Inc. operates in the Biotech / Pharma sector, based in WALTHAM.
Explore related

See where Manus Bio 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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