Companies · Biotechnology

MINERVA BIOTECHNOLOGIES Corp

WALTHAM · Biotechnology

Diligence memoA one-page analyst read on MINERVA BIOTECHNOLOGIES Corp — recommendation, valuation, rhythm, risks.
$70.7M
Total raised · real
8
Rounds
36.0×
Latest step-up
Top 15%
Sector rank · raised
Series B
Latest stage · inferred · Tue Nov 14 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

MINERVA BIOTECHNOLOGIES Corp looks under-valued against its niche peers and is at-risk 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 0.25× the median modeled value of Series B Biotechnology companies in 2022–2024 (197 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.6 yr ago; this sector typically re-raises about every 14 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

MINERVA BIOTECHNOLOGIES Corp is one of 4293 Biotechnology companies tracked from WALTHAM. By capital raised it ranks in the upper tier (ahead of 86% 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
9
Investors (latest)
2023-11-14
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$500M$1.0B$1.5B$2.0BSeed · 2009-07-07 Raised $1.6M (real) Modeled valuation $71M (est)Seed2009Series A · 2010-11-03 Raised $4.6M (real) Modeled valuation $168M (est)Series A2010Series B · 2014-10-10 Raised $29M (real) Modeled valuation $1.2B (est)Series B2014Series A · 2014-10-10 Raised $2.0M (real) Modeled valuation $72M (est)Series A2014Series B · 2019-03-22 Raised $4.2M (real) Modeled valuation $168M (est)Series B2019Seed · 2019-10-17 Raised $1.5M (real) Modeled valuation $69M (est)Seed2019Series B · 2019-10-17 Raised $24M (real) Modeled valuation $955M (est)Series B2019Series B · 2022-02-14 Raised $328K (real) Modeled valuation $6.5M (est)Series B2022Pre-Seed · 2022-02-14 Raised $125K (real) Modeled valuation $2.5M (est)Pre-Seed2022Series B · 2023-11-14 Raised $4.5M (real) Modeled valuation $42M (est)Series B2023+$4.6M+$29M+$2.0M+$4.2M+$1.5M+$24M+$328K+$125K+$4.5MCumulative $72M

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
Seed$1.6M · 2009
Series A$4.6M · 2010
Series B$29.3M · 2014
Bridge · Series B-stage$2.0M · 2014smaller follow-on
Series B extension$4.2M · 2019
Bridge · Series B-stage$1.5M · 2019smaller follow-on
Series B extension$24.1M · 2019
Series B extension$328K · 2022
Bridge · Series B-stage$125K · 2022smaller follow-on
Series B extension$4.5M · 2023

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$42.2M
Base estimate est.
$9.0M
Conservative case
$85.2M
Upside case
$25.1M
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.

Seed · modeled $71.3M · 2009-07-072009Series A · modeled $167.5M · 2010-11-03Series B · modeled $1.2B · 2014-10-10Series A · modeled $72.3M · 2014-10-10Series B · modeled $167.9M · 2019-03-22Seed · modeled $68.6M · 2019-10-17Series B · modeled $955.4M · 2019-10-17Series B · modeled $6.5M · 2022-02-14Pre-Seed · modeled $2.5M · 2022-02-14Series B · modeled $42.2M · 2023-11-142023
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
2.6 yr
Elapsed time used
2.6 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$4.9M/yr
Capital velocity
17.0 yr
On record since
2009
First round
10
Rounds on file
How it compares to the market

Benchmarked against 4293 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) 9.8× above median
This company$70.7M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.3× of median
This company$4.5M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$42.2M
Sector median$64.2M

Raised more than 86% of sector peers (real $). Modeled value above 42% 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 #168 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 $738.4M (est)YAP Therapeutics Inc · Series B Raised $30.1M · modeled $618.3M (est)Pinteon Therapeutics, Inc. · Series B Raised $39.2M · modeled $603.8M (est)OncXerna Therapeutics, Ltd. · Series B Raised $30.0M · modeled $591.4M (est)EpiBiologics, Inc. · Series B Raised $30.0M · modeled $570.2M (est)GIOGI Ltd · Series B Raised $27.3M · modeled $554.5M (est)SonoThera, Inc. · Series B Raised $30.4M · modeled $550.9M (est)Perceive Biotherapeutics, Inc. · Series B Raised $40.0M · modeled $544.6M (est)GIOCAN Ltd · Series B Raised $24.5M · modeled $498.6M (est)GIODIA Ltd · Series B Raised $24.5M · modeled $498.6M (est)GIOHEALTH Ltd · Series B Raised $24.5M · modeled $498.6M (est)Cerapedics Inc · Series B Raised $99.1M · modeled $492.3M (est)MINERVA BIOTECHNOLOGIES Corp (this company) Raised $70.7M · modeled $42.2M (est)MINERVA BIOTECHNOLOGIES Corp
CompanyStageRaised · realValue · estvs peer med.
Mt McKinley Medical Holding Corp USASeries B$40.0M$738.4M4.41×
YAP Therapeutics IncSeries B$30.1M$618.3M3.69×
Pinteon Therapeutics, Inc.Series B$39.2M$603.8M3.60×
OncXerna Therapeutics, Ltd.Series B$30.0M$591.4M3.53×
EpiBiologics, Inc.Series B$30.0M$570.2M3.40×
GIOGI LtdSeries B$27.3M$554.5M3.31×
SonoThera, Inc.Series B$30.4M$550.9M3.29×
Perceive Biotherapeutics, Inc.Series B$40.0M$544.6M3.25×
GIOCAN LtdSeries B$24.5M$498.6M2.97×
GIODIA LtdSeries B$24.5M$498.6M2.97×
GIOHEALTH LtdSeries B$24.5M$498.6M2.97×
Cerapedics IncSeries B$99.1M$492.3M2.94×
MINERVA BIOTECHNOLOGIES Corp this companySeries B$70.7M$42.2M0.25×
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.
Seed$1.6M2009-07-07$8.0M$71.3M85%
Series A$4.6M2010-11-03$21.1M$167.5M85%
Series B$29.3M2014-10-10$163.0M$1.2B90%
Series A$2.0M2014-10-10$9.1M$72.3M85%
Series B$4.2M2019-03-22$23.5M$167.9M90%
Seed$1.5M2019-10-17$7.7M$68.6M90%
Series B$24.1M2019-10-17$133.7M$955.4M90%
Series B$328K2022-02-14$1.8M$6.5M90%
Pre-Seed$125K2022-02-14$696K$2.5M90%
Series B$4.5M2023-11-14$25.1M$42.2M90%
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. Seed$1.6M2009-07-07
    • First recorded raise — entered as Seed.
    • 20 investors on this round.
  2. Series A$4.6M2010-11-03
    • Raised 16 mo later, in step with the ~14 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
    • 17 investors on this round.
  3. Series B$29.3M2014-10-10
    • Raised again after 47 mo — slower than the ~14 mo sector norm.
    • Round 6.3× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 79 investors on this round.
  4. Series A$2.0M2014-10-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 14.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  5. Series B$4.2M2019-03-22
    • Raised again after 53 mo — slower than the ~14 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 9 investors on this round.
  6. Seed$1.5M2019-10-17
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  7. Series B$24.1M2019-10-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 15.6× larger than the prior — scaling up.
    • 65 investors on this round.
  8. Series B$328K2022-02-14
    • Raised again after 28 mo — slower than the ~14 mo sector norm.
    • Round 73.5× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  9. Pre-Seed$125K2022-02-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.6× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  10. Series B$4.5M2023-11-14
    • Raised again after 21 mo — slower than the ~14 mo sector norm.
    • Round 36.0× larger than the prior — scaling up.
    • 9 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~19mo cadence
$13.5M
Modeled next size est.range $8.8M$21.7M
36.0×
Last step-up
$4.9M/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
James R. Bridges1 other2019-10
Kenneth Reed1 other2009-07
Cynthia Bamdad2009-07
James F. Bridges2014-10
James S Bridges2014-10
Joseph Anthony Nathan2014-10
Kenneth Anthony Reed2014-10
Kenneth Kosik2009-07
Lawrence Anthony Coolidge2014-10
Normand F. Smith2014-10
Normand Smith2009-07
Normand S Smith2014-10
Robert Staszewski2009-07
Ronald R. Axelrod2019-10
Registry & provenance

MINERVA BIOTECHNOLOGIES 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
1087376
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.

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Kineta, Inc.BiotechnologySeries B$87.1M$47.0Msame sector · same stage
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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
Minerva Neurosciences, Inc.BiotechnologySeries B$219.6M93%
Arbor Biotechnologies, Inc.BiotechnologySeries D+$5.7B88%
Vivos BioTechnologies, Inc.BiotechnologySeed$24.7M86%
NanoView Biosciences, Inc.BiotechnologySeries A$41.3M86%
Digital Biotechnologies, Inc.BiotechnologySeries A$31.8M86%
BioMedomics, Inc.BiotechnologyPre-Seed$29.3M86%
BioNADrx Holdings, Inc.BiotechnologyPre-Seed$748K86%
SMSbiotech, Inc.BiotechnologySeries B$64.6M86%
Frequently asked
How much funding has MINERVA BIOTECHNOLOGIES Corp raised?
MINERVA BIOTECHNOLOGIES Corp has raised approximately $70.7M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is MINERVA BIOTECHNOLOGIES Corp's estimated valuation?
Provath's modeled valuation for MINERVA BIOTECHNOLOGIES Corp is approximately $42.2M (modeled range $9.0M–$85.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is MINERVA BIOTECHNOLOGIES Corp at?
MINERVA BIOTECHNOLOGIES Corp's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Nov 14.
What does MINERVA BIOTECHNOLOGIES Corp do and where is it based?
MINERVA BIOTECHNOLOGIES Corp operates in the Biotechnology sector, based in WALTHAM.
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