Companies · Biotechnology

Neon Therapeutics, Inc.

CAMBRIDGE · Biotechnology

Diligence memoA one-page analyst read on Neon Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$106.0M
Total raised · real
1
Rounds
0.7×
Latest step-up
Top 10%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Dec 28 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Neon Therapeutics, Inc. looks fair 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.

Fair
  • Modeled value is 1.00× the median modeled value of Series D+ Biotechnology companies in 2016–2018 (13 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Dormant
  • Last raise 9.5 yr ago; this sector typically re-raises about every 14 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

Neon Therapeutics, Inc. is one of 4293 Biotechnology companies tracked from CAMBRIDGE. By capital raised it ranks among the largest (ahead of 91% 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
14
Investors (latest)
2013
Year incorporated
2016-12-28
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 D+ · 2016-12-28 Raised $106M (real) Modeled valuation $4.4B (est)$106M$4.4BSeries D+2016Series C · 2016-12-28 Raised $70M (real) Modeled valuation $2.9B (est)$70M$2.9BSeries C2016+$70MCumulative $176M

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 D+$106.0M · 2016
Bridge · Series D+-stage$70.0M · 2016smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — 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
$4.4B
Base estimate est.
$480.5M
Conservative case
$9.6B
Upside case
$883.3M
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 scaled by the biotech sector profile. Directional, not a quoted figure.

Series D+ · modeled $4.4B · 2016-12-282016Series C · modeled $2.9B · 2016-12-282016
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
54% low · 75% high
1.39×/yr
Annual markup
1.56×/yr upside case
6.0 yr
Elapsed time used
9.5 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
9.5 yr
On record since
2016
First round
2
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) 15× above median
This company$106.0M
Sector median$7.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.6× of median
This company$70.0M
Sector median$120.0M
Modeled value — vs sector median (estimate, all stages) 68× above median
This company$4.4B
Sector median$64.2M

Raised more than 91% 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 #8 of 13.

This companyCohort peer
$1.0B$10.0B$100.0B$10.0M$100.0M$1.0BCapital raised (log)Guardant Health, Inc. · Series D+ Raised $500.0M · modeled $13.2B (est)Humacyte, Inc. · Series D+ Raised $274.8M · modeled $6.2B (est)Atreca, Inc. · Series D+ Raised $222.2M · modeled $5.2B (est)Semma Therapeutics, Inc. · Series D+ Raised $129.3M · modeled $4.7B (est)Braeburn Pharmaceuticals, Inc. · Series D+ Raised $110.0M · modeled $4.5B (est)Schrodinger, Inc. · Series D+ Raised $159.8M · modeled $4.4B (est)Synthego Corp · Series D+ Raised $155.7M · modeled $4.4B (est)Rubius Therapeutics, Inc. · Series D+ Raised $216.2M · modeled $4.2B (est)Allakos Inc. · Series D+ Raised $128.1M · modeled $4.1B (est)Unity Biotechnology, Inc. · Series D+ Raised $208.6M · modeled $2.3B (est)Edwards Lifesciences Corp · Series D+ Raised $307.2M · modeled $1.4B (est)Neon Therapeutics, Inc. (this company) Raised $106.0M · modeled $4.4B (est)Neon Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Guardant Health, Inc.Series D+$500.0M$13.2B3.02×
Humacyte, Inc.Series D+$274.8M$6.2B1.41×
Atreca, Inc.Series D+$222.2M$5.2B1.18×
Semma Therapeutics, Inc.Series D+$129.3M$4.7B1.07×
Braeburn Pharmaceuticals, Inc.Series D+$110.0M$4.5B1.04×
Schrodinger, Inc.Series D+$159.8M$4.4B1.01×
Synthego CorpSeries D+$155.7M$4.4B1.00×
Neon Therapeutics, Inc. this companySeries D+$106.0M$4.4B1.00×
Rubius Therapeutics, Inc.Series D+$216.2M$4.2B0.95×
Allakos Inc.Series D+$128.1M$4.1B0.94×
Unity Biotechnology, Inc.Series D+$208.6M$2.3B0.52×
Edwards Lifesciences CorpSeries D+$307.2M$1.4B0.33×
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 D+$106.0M2016-12-28$883.3M$4.4B90%
Series C$70.0M2016-12-28$466.7M$2.9B90%
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 D+$106.0M2016-12-28
    • First recorded raise — entered as Series D+.
    • 25 investors on this round.
  2. Series C$70.0M2016-12-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 14 investors on this round.
Intelligence
Modeled next raise
$70.0M
Modeled next size est.range $70.0M$112.0M
0.7×
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
Robert Tepper6 other2016-12
Robert Kamen2 other2016-12
Daniella Beckman1 other2016-12
Eric Lander1 other2016-12
Stephen Sherwin1 other2016-12
Cary Pfeffer, M.D.2016-12
Hugh Dowd2016-12
Richard Gaynor, M.D.2016-12
Robert Ang, M.D.2016-12
Yasir Al-Wakeel2016-12
Registry & provenance

Neon 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
1694187
SEC CIK
2013
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
Codiak BioSciences, Inc.BiotechnologySeries C$107.5M$3.1Bnetwork1 shared operator · same sector
Dare Bioscience, Inc.BiotechnologySeries B$102.0M$93.8Mnetwork1 shared operator · same sector
Foundation Medicine, Inc.BiotechnologySeries C$115.5M$2.3Bnetwork1 shared operator · same sector
JW (Cayman) Therapeutics Co. LtdBiotechnologySeries D+$105.5M$4.4Bsame sector · same stage
Rafael Holdings, Inc.BiotechnologySeries D+$104.2M$2.9Bsame sector · same stage
Adaptimmune LtdBiotechnologySeries D+$103.8M$4.3Bsame sector · same stage
Flame Biosciences, Inc.BiotechnologySeries D+$108.5M$3.8Bsame sector · same stage
Braeburn Pharmaceuticals, Inc.BiotechnologySeries D+$110.0M$4.5Bsame 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
Neonc Technologies Holdings, Inc.BiotechnologySeries C$51.9M89%
Neonc Technologies, Inc.PharmaceuticalsSeries B$680.1M87%
Deciduous Therapeutics, Inc.BiotechnologySeries A$211.3M86%
January Therapeutics, Inc.BiotechnologySeed$53.3M86%
Initial Therapeutics, Inc.BiotechnologySeed$168.6M85%
Moonlight Therapeutics Inc.BiotechnologySeed$11.2M85%
Vita Therapeutics, Inc.BiotechnologySeries B$461.5M85%
Newleos Therapeutics, Inc.BiotechnologySeries C$659.9M84%
Frequently asked
How much funding has Neon Therapeutics, Inc. raised?
Neon Therapeutics, Inc. has raised approximately $106.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Neon Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Neon Therapeutics, Inc. is approximately $4.4B (modeled range $480.5M–$9.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Neon Therapeutics, Inc. at?
Neon Therapeutics, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Dec 28.
What does Neon Therapeutics, Inc. do and where is it based?
Neon Therapeutics, Inc. operates in the Biotechnology sector, based in CAMBRIDGE.
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