Companies · Biotechnology

Miragen Therapeutics, Inc.

Boulder · Biotechnology

Diligence memoA one-page analyst read on Miragen Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$197.8M
Total raised · real
9
Rounds
60.7×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Fri Oct 30 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Miragen Therapeutics, 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. 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.

Over-valued
  • Modeled value is 1.69× the median modeled value of Series C Biotechnology companies in 2019–2021 (120 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.7 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

Miragen Therapeutics, Inc. is one of 4293 Biotechnology companies tracked from Boulder. By capital raised it ranks among the largest (ahead of 97% 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
22
Investors (latest)
2020-10-30
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 · 2008-05-16 Raised $12M (real) Modeled valuation $434M (est)Series A2008Seed · 2010-09-10 Raised $3.0M (real) Modeled valuation $133M (est)Seed2010Series A · 2010-09-10 Raised $6.0M (real) Modeled valuation $217M (est)Series A2010Series A · 2012-04-10 Raised $13M (real) Modeled valuation $470M (est)Series A2012Series A · 2012-04-10 Raised $6.0M (real) Modeled valuation $217M (est)Series A2012Series A · 2015-02-03 Raised $8.5M (real) Modeled valuation $307M (est)Series A2015Series B · 2015-10-30 Raised $25M (real) Modeled valuation $991M (est)Series B2015Series C · 2017-02-13 Raised $41M (real) Modeled valuation $1.7B (est)Series C2017Series C · 2017-11-14 Raised $172K (real) Modeled valuation $7.1M (est)Series C2017Pre-Seed · 2018-08-06 Raised $1.0M (real) Modeled valuation $55M (est)Pre-Seed2018Series C · 2018-08-06 Raised $1.5M (real) Modeled valuation $61M (est)Series C2018Series C · 2020-10-30 Raised $91M (real) Modeled valuation $3.3B (est)Series C2020Cumulative $208M

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$12.0M · 2008
Bridge · Series A-stage$3.0M · 2010smaller follow-on
Series A extension$6.0M · 2010
Series A extension$13.0M · 2012
Series A extension$6.0M · 2012
Series A extension$8.5M · 2015
Series B$25.0M · 2015
Series C$40.7M · 2017
Series C extension$172K · 2017
Bridge · Series C-stage$1.0M · 2018smaller follow-on
Series C extension$1.5M · 2018
Series C extension$91.0M · 2020

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

Modeled valuation trajectory
$3.3B
Base estimate est.
$281.5M
Conservative case
$8.3B
Upside case
$606.6M
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 sector profile. Directional, not a quoted figure.

Series A · modeled $433.8M · 2008-05-162008Seed · modeled $133.2M · 2010-09-10Series A · modeled $216.9M · 2010-09-10Series A · modeled $470.0M · 2012-04-10Series A · modeled $216.9M · 2012-04-10Series A · modeled $307.3M · 2015-02-03Series B · modeled $991.0M · 2015-10-30Series C · modeled $1.7B · 2017-02-13Series C · modeled $7.1M · 2017-11-14Pre-Seed · modeled $55.2M · 2018-08-06Series C · modeled $61.4M · 2018-08-06Series C · modeled $3.3B · 2020-10-302020
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
62%
Survival probability
46% low · 72% high
1.46×/yr
Annual markup
1.68×/yr upside case
5.7 yr
Elapsed time used
5.7 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$15.9M/yr
Capital velocity
18.1 yr
On record since
2008
First round
12
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) 27× above median
This company$197.8M
Sector median$7.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 2.0× above median
This company$91.0M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 51× above median
This company$3.3B
Sector median$64.2M

Raised more than 97% of sector peers (real $). Modeled value above 97% 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 #12 of 120.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Stem Biotech LLC · Series C Raised $100.0M · modeled $4.1B (est)Kinnate Biopharma Inc. · Series C Raised $172.5M · modeled $3.9B (est)Arcutis Biotherapeutics, Inc. · Series C Raised $94.5M · modeled $3.9B (est)DNA Research INST LLC · Series C Raised $94.5M · modeled $3.7B (est)M3 Biotechnology, Inc. · Series C Raised $107.3M · modeled $3.6B (est)Checkmate Pharmaceuticals, Inc. · Series C Raised $185.1M · modeled $3.5B (est)Black Diamond Therapeutics, Inc. · Series C Raised $146.3M · modeled $3.5B (est)Finch Therapeutics Group, Inc. · Series C Raised $179.9M · modeled $3.5B (est)Shattuck Labs, Inc. · Series C Raised $165.4M · modeled $3.4B (est)TScan Therapeutics, Inc. · Series C Raised $123.3M · modeled $3.3B (est)Edgewise Therapeutics, Inc. · Series C Raised $120.1M · modeled $3.3B (est)Miragen Therapeutics, Inc. (this company) Raised $197.8M · modeled $3.3B (est)Miragen Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Stem Biotech LLCSeries C$100.0M$4.1B2.11×
Kinnate Biopharma Inc.Series C$172.5M$3.9B2.02×
Arcutis Biotherapeutics, Inc.Series C$94.5M$3.9B1.99×
DNA Research INST LLCSeries C$94.5M$3.7B1.88×
M3 Biotechnology, Inc.Series C$107.3M$3.6B1.88×
Checkmate Pharmaceuticals, Inc.Series C$185.1M$3.5B1.79×
Black Diamond Therapeutics, Inc.Series C$146.3M$3.5B1.79×
Finch Therapeutics Group, Inc.Series C$179.9M$3.5B1.78×
Shattuck Labs, Inc.Series C$165.4M$3.4B1.75×
TScan Therapeutics, Inc.Series C$123.3M$3.3B1.72×
Edgewise Therapeutics, Inc.Series C$120.1M$3.3B1.70×
Miragen Therapeutics, Inc. this companySeries C$197.8M$3.3B1.69×
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$12.0M2008-05-16$54.5M$433.8M85%
Seed$3.0M2010-09-10$15.0M$133.2M85%
Series A$6.0M2010-09-10$27.3M$216.9M85%
Series A$13.0M2012-04-10$59.1M$470.0M85%
Series A$6.0M2012-04-10$27.3M$216.9M85%
Series A$8.5M2015-02-03$38.6M$307.3M85%
Series B$25.0M2015-10-30$138.7M$991.0M85%
Series C$40.7M2017-02-13$271.4M$1.7B90%
Series C$172K2017-11-14$1.1M$7.1M90%
Pre-Seed$1.0M2018-08-06$5.6M$55.2M90%
Series C$1.5M2018-08-06$10.0M$61.4M90%
Series C$91.0M2020-10-30$606.6M$3.3B90%
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$12.0M2008-05-16
    • First recorded raise — entered as Series A.
    • 28 investors on this round.
  2. Seed$3.0M2010-09-10
    • Raised again after 28 mo — slower than the ~14 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
    • 24 investors on this round.
  3. Series A$6.0M2010-09-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× larger than the prior — scaling up.
    • 24 investors on this round.
  4. Series A$13.0M2012-04-10
    • Raised 19 mo later, in step with the ~14 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 29 investors on this round.
  5. Series A$6.0M2012-04-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× smaller than the prior — bridge or down round.
    • Switched to Rule 06 (was Rule 506(b)).
    • 29 investors on this round.
  6. Series A$8.5M2015-02-03
    • Raised again after 34 mo — slower than the ~14 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 29 investors on this round.
  7. Series B$25.0M2015-10-30
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
    • 34 investors on this round.
  8. Series C$40.7M2017-02-13
    • Raised 16 mo later, in step with the ~14 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 25 investors on this round.
  9. Series C$172K2017-11-14
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 236.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  10. Pre-Seed$1.0M2018-08-06
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 5.8× larger than the prior — scaling up.
    • 1 investor on this round.
  11. Series C$1.5M2018-08-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
    • 1 investor on this round.
  12. Series C$91.0M2020-10-30
    • Raised again after 27 mo — slower than the ~14 mo sector norm.
    • Round 60.7× larger than the prior — scaling up.
    • 22 investors on this round.
Intelligence
2021 ~Q4
Modeled next raise · ~14mo cadence
$273.0M
Modeled next size est.range $177.4M$436.8M
60.7×
Last step-up
$15.9M/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
Bruce Booth11 other2008-05
Kyle Lefkoff8 other2008-05
Jonathan Violin4 other2020-10
Joseph L. Turner3 other2018-08
Christopher J Morl2 other2012-04
John S. Creecy2 other2012-04
William S Marshall2 other2008-05
Bruce L Booth1 other2015-10
Bruce S. Booth1 other2010-09
Jeffrey S Hatfield1 other2017-11
John W Creecy1 other2017-02
Kyle A. Lefkoff1 other2017-02
Marvin Caruthers1 other2008-05
Marvin H Caruthers1 other2015-10
Adam S. Levy2017-02
Arlene M. Morris2018-08
Christopher D. Bowden2018-08
Christopher L. Bowden2017-11
David J Rodman2015-02
David M. Rodman2012-04
Diana A. Escolar2020-10
Jason A Leverone2015-02
Jason S. Leverone2010-09
Joesph L. Turner2020-10
Registry & provenance

Miragen 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
1417827
SEC CIK
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Frequently asked
How much funding has Miragen Therapeutics, Inc. raised?
Miragen Therapeutics, Inc. has raised approximately $197.8M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Miragen Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Miragen Therapeutics, Inc. is approximately $3.3B (modeled range $281.5M–$8.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Miragen Therapeutics, Inc. at?
Miragen Therapeutics, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Oct 30.
What does Miragen Therapeutics, Inc. do and where is it based?
Miragen Therapeutics, Inc. operates in the Biotechnology sector, based in Boulder.
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