Companies · Biotechnology

Ngm Biopharmaceuticals Inc

SOUTH SAN FRANCISCO · Biotechnology

Diligence memoA one-page analyst read on Ngm Biopharmaceuticals Inc — recommendation, valuation, rhythm, risks.
$341.3M
Total raised · real
10
Rounds
5.1×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Mar 20 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

Ngm Biopharmaceuticals 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 2013–2015 (7 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Dormant
  • Last raise 11.3 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

Ngm Biopharmaceuticals Inc is one of 4293 Biotechnology companies tracked from SOUTH SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 99% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
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 B · 2008-01-18 Raised $25M (real) Modeled valuation $974M (est)Series B2008Series B · 2008-01-18 Raised $27M (real) Modeled valuation $1.1B (est)Series B2008Series B · 2008-01-18 Raised $18M (real) Modeled valuation $699M (est)Series B2008Series B · 2010-03-10 Raised $17M (real) Modeled valuation $676M (est)Series B2010Series B · 2010-03-10 Raised $22M (real) Modeled valuation $854M (est)Series B2010Series C · 2010-03-10 Raised $55M (real) Modeled valuation $2.3B (est)Series C2010Series B · 2010-03-10 Raised $38M (real) Modeled valuation $1.5B (est)Series B2010Series C · 2013-04-09 Raised $13M (real) Modeled valuation $552M (est)Series C2013Series C · 2014-10-09 Raised $21M (real) Modeled valuation $848M (est)Series C2014Series D+ · 2015-03-20 Raised $106M (real) Modeled valuation $4.4B (est)Series D+2015+$27M+$18M+$17M+$22M+$55M+$38M+$13M+$21M+$106MCumulative $341M

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 B$24.5M · 2008
Series B extension$26.6M · 2008
Series B extension$17.6M · 2008
Series B extension$17.0M · 2010
Series B extension$21.5M · 2010
Series C$55.4M · 2010
Bridge · Series C-stage$38.5M · 2010smaller follow-on
Series C extension$13.5M · 2013
Series C extension$20.7M · 2014
Series D+$106.0M · 2015

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

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 B · modeled $973.6M · 2008-01-182008Series B · modeled $1.1B · 2008-01-18Series B · modeled $699.2M · 2008-01-18Series B · modeled $675.9M · 2010-03-10Series B · modeled $854.5M · 2010-03-10Series C · modeled $2.3B · 2010-03-10Series B · modeled $1.5B · 2010-03-10Series C · modeled $552.3M · 2013-04-09Series C · modeled $848.2M · 2014-10-09Series D+ · modeled $4.4B · 2015-03-202015
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
11.3 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$47.6M/yr
Capital velocity
18.5 yr
On record since
2008
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) 47× above median
This company$341.3M
Sector median$7.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.9× of median
This company$106.0M
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 99% 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 #4 of 7.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0B$10.0M$100.0M$1.0BCapital raised (log)Adaptive Biotechnologies Corp · Series D+ Raised $614.0M · modeled $8.0B (est)Aerie Pharmaceuticals Inc · Series D+ Raised $189.6M · modeled $5.2B (est)Editas Medicine, Inc. · Series D+ Raised $120.0M · modeled $4.9B (est)Adaptimmune Ltd · Series D+ Raised $103.8M · modeled $4.3B (est)Sequenom Inc · Series D+ Raised $268.1M · modeled $3.5B (est)NantOmics, LLC · Series D+ Raised $260.9M · modeled $37.4M (est)Ngm Biopharmaceuticals Inc (this company) Raised $341.3M · modeled $4.4B (est)Ngm Biopharmaceuticals Inc
CompanyStageRaised · realValue · estvs peer med.
Adaptive Biotechnologies CorpSeries D+$614.0M$8.0B1.84×
Aerie Pharmaceuticals IncSeries D+$189.6M$5.2B1.18×
Editas Medicine, Inc.Series D+$120.0M$4.9B1.13×
Ngm Biopharmaceuticals Inc this companySeries D+$341.3M$4.4B1.00×
Adaptimmune LtdSeries D+$103.8M$4.3B0.98×
Sequenom IncSeries D+$268.1M$3.5B0.80×
NantOmics, LLCSeries D+$260.9M$37.4M0.01×
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 B$24.5M2008-01-18$136.3M$973.6M90%
Series B$26.6M2008-01-18$147.5M$1.1B90%
Series B$17.6M2008-01-18$97.9M$699.2M90%
Series B$17.0M2010-03-10$94.6M$675.9M90%
Series B$21.5M2010-03-10$119.6M$854.5M90%
Series C$55.4M2010-03-10$369.3M$2.3B90%
Series B$38.5M2010-03-10$213.7M$1.5B90%
Series C$13.5M2013-04-09$89.9M$552.3M90%
Series C$20.7M2014-10-09$138.1M$848.2M90%
Series D+$106.0M2015-03-20$883.3M$4.4B90%
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 B$24.5M2008-01-18
    • First recorded raise — entered as Series B.
  2. Series B$26.6M2008-01-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  3. Series B$17.6M2008-01-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
  4. Series B$17.0M2010-03-10
    • Raised again after 26 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
  5. Series B$21.5M2010-03-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  6. Series C$55.4M2010-03-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.6× larger than the prior — scaling up.
  7. Series B$38.5M2010-03-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
  8. Series C$13.5M2013-04-09
    • Raised again after 37 mo — slower than the ~14 mo sector norm.
    • Round 2.9× smaller than the prior — bridge or down round.
  9. Series C$20.7M2014-10-09
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
  10. Series D+$106.0M2015-03-20
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 5.1× larger than the prior — scaling up.
Intelligence
2016 ~Q1
Modeled next raise · ~10mo cadence
$318.0M
Modeled next size est.range $206.7M$508.8M
5.1×
Last step-up
$47.6M/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
David Goeddel9 other2008-01
William J. Rieflin3 other2013-04
David V. Goeddel1 other2008-01
Helen Kim1 other2008-01
Peter V. Svennilson1 other2013-04
Arthur D. Levinson2008-01
Arthur V. Levinson2013-04
David D. Schnell2008-01
David V. Schnell2013-04
Helen V. Kim2008-01
Jin-Long Chen2008-01
Luis Bayol2008-01
Marc Leschly2008-01
Marc V. Leschly2008-01
Mark V. Leschly2013-04
McHenry T. Tichenor, Jr.2010-03
Peter D. Svennilson2008-01
William V. Rieflin2010-03
Registry & provenance

Ngm Biopharmaceuticals 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
1426332
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
RAPT Therapeutics, Inc.BiotechnologySeries D+$317.0M$1.4Bnetwork3 shared operators · same sector · same stage
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Vir Biotechnology, Inc.BiotechnologySeries D+$348.4M$1.3Bsame sector · same stage
Sensei Biotherapeutics, Inc.BiotechnologySeries D+$348.9M$2.2Bsame sector · same stage
Cidara Therapeutics, Inc.BiotechnologySeries D+$349.1M$2.8Bsame sector · same stage
Tectonic Therapeutic, Inc.BiotechnologySeries D+$333.1M$1.7Bsame sector · same stage
Frequently asked
How much funding has Ngm Biopharmaceuticals Inc raised?
Ngm Biopharmaceuticals Inc has raised approximately $341.3M in disclosed capital across 10 recorded financing rounds, aggregated from public filings.
What is Ngm Biopharmaceuticals Inc's estimated valuation?
Provath's modeled valuation for Ngm Biopharmaceuticals 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 Ngm Biopharmaceuticals Inc at?
Ngm Biopharmaceuticals Inc's latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Mar 20.
What does Ngm Biopharmaceuticals Inc do and where is it based?
Ngm Biopharmaceuticals Inc operates in the Biotechnology sector, based in SOUTH SAN FRANCISCO.
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