Companies · Pharma

Merge Bio Therapeutics CorpNew on the radar

CAMBRIDGE · Pharma · refined from filed group “Other

Diligence memoA one-page analyst read on Merge Bio Therapeutics Corp — recommendation, valuation, rhythm, risks.
$5.0M
Total raised · real
1
Rounds
Latest step-up
Top 47%
Sector rank · raised
Series A
Latest stage · inferred · Tue Aug 26 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Merge Bio Therapeutics Corp looks fair against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the pharma sector profile.

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

Fair
  • Modeled value is 1.00× the median modeled value of Series A Pharma companies in 2025–2027 (9 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Active
  • Last raise 10 mo ago; this sector typically re-raises about every 16 months.
  • Raising on or ahead of the sector's normal rhythm.
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 Pharma

Merge Bio Therapeutics Corp is one of 310 Pharma companies tracked from CAMBRIDGE. By capital raised it ranks mid-pack (ahead of 54% 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2025
Year incorporated
2025-08-26
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$5.0M$10M$15M$20MSeries A · 2025-08-26 Raised $5.0M (real) Modeled valuation $15M (est)$5.0M$15MSeries A2025

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 · 2025

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: 33%.

Modeled valuation trajectory
$15.3M
Base estimate est.
$5.7M
Conservative case
$25.4M
Upside case
$22.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
46%
Survival probability
25% low · 63% high
1.57×/yr
Annual markup
1.97×/yr upside case
0.8 yr
Elapsed time used
0.8 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
0.8 yr
On record since
2025
First round
New
First-time filer
How it compares to the market

Benchmarked against 310 companies in 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) 0.8× of median
This company$5.0M
Sector median$6.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.7× of median
This company$5.0M
Sector median$6.7M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$15.3M
Sector median$62.5M

Raised more than 54% of sector peers (real $). Modeled value above 41% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #5 of 9.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Neela Therapeutics, Inc. · Series A Raised $12.0M · modeled $33.4M (est)AeroRx Therapeutics, Inc. · Series A Raised $10.4M · modeled $30.7M (est)Cirrus Therapeutics, Inc. · Series A Raised $6.7M · modeled $21.1M (est)Kamau Therapeutics, Inc. · Series A Raised $5.0M · modeled $17.3M (est)PanTher Therapeutics, Inc. · Series A Raised $15.8M · modeled $11.4M (est)Dermata Therapeutics, Inc. · Series A Raised $10.2M · modeled $10.9M (est)Swing Therapeutics, Inc. · Series A Raised $34.2M · modeled $10.4M (est)Prometheus Therapeutics Inc. · Series A Raised $8.9M · modeled $369K (est)Merge Bio Therapeutics Corp (this company) Raised $5.0M · modeled $15.3M (est)Merge Bio Therapeutics Corp
CompanyStageRaised · realValue · estvs peer med.
Neela Therapeutics, Inc.Series A$12.0M$33.4M2.18×
AeroRx Therapeutics, Inc.Series A$10.4M$30.7M2.00×
Cirrus Therapeutics, Inc.Series A$6.7M$21.1M1.38×
Kamau Therapeutics, Inc.Series A$5.0M$17.3M1.13×
Merge Bio Therapeutics Corp this companySeries A$5.0M$15.3M1.00×
PanTher Therapeutics, Inc.Series A$15.8M$11.4M0.74×
Dermata Therapeutics, Inc.Series A$10.2M$10.9M0.71×
Swing Therapeutics, Inc.Series A$34.2M$10.4M0.68×
Prometheus Therapeutics Inc.Series A$8.9M$369K0.02×
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$5.0M2025-08-26$22.7M$15.3M90%
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$5.0M2025-08-26
    • First recorded raise — entered as Series A.
    • 1 investor on this round.
Intelligence
Modeled next raise
$8.0M
Modeled next size est.range $5.2M$12.8M
Last step-up
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
Steve Liapis2 other2025-08
Clinton Hansen2025-08
Darren Yang2025-08
Elias Quijano2025-08
Mark Lipstein2025-08
Wesley Wong2025-08
Registry & provenance

Merge Bio Therapeutics Corp 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
2086124
SEC CIK
2025
Incorporated
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
Kamau Therapeutics, Inc.PharmaSeries A$5.0M$17.3Msame sector · same stage
Curamir Therapeutics, Inc.PharmaSeries A$5.2M$160.3Msame sector · same stage
Geode Therapeutics Inc.PharmaSeries A$5.3M$162.6Msame sector · same stage
Constance Therapeutics, Inc.PharmaSeries A$4.7M$131.6Msame sector · same stage
Bold Therapeutics Inc.PharmaSeries A$5.5M$169.6Msame sector · same stage
FireCyte Therapeutics, Inc.PharmaSeries A$5.5M$85.4Msame sector · same stage
Pulmoqune Therapeutics, Inc.PharmaSeries A$5.5M$170.3Msame sector · same stage
Argon AI, Inc.PharmaSeries A$5.5M$29.5Msame sector · 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
Split Biosciences, Inc.Biotech / PharmaSeed$23.0M83%
Key Biologics Holdings, LLCBiotech / PharmaSeries A$167.5M82%
Nexus Biologics, SPCBiotech / PharmaPre-Seed$7.5M80%
Pharm, LLCOtherSeries A$107.4M80%
Turn Biotechnologies, Inc.Biotech / PharmaSeries B$293.3M80%
AbX Biologics, Inc.Biotech / PharmaPre-Seed$51.2M80%
Continuum Biosciences, Inc.Biotech / PharmaPre-Seed$25.6M80%
Combined Therapeutics, Inc.BiotechnologyPre-Seed$13.8M80%
Frequently asked
How much funding has Merge Bio Therapeutics Corp raised?
Merge Bio Therapeutics Corp has raised approximately $5.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Merge Bio Therapeutics Corp's estimated valuation?
Provath's modeled valuation for Merge Bio Therapeutics Corp is approximately $15.3M (modeled range $5.7M–$25.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Merge Bio Therapeutics Corp at?
Merge Bio Therapeutics Corp's latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Aug 26.
What does Merge Bio Therapeutics Corp do and where is it based?
Merge Bio Therapeutics Corp operates in the Pharma sector, based in CAMBRIDGE.
Explore related

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

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