Companies · Biotechnology

Nora Therapeutics, Inc.

PALO ALTO · Biotechnology

Diligence memoA one-page analyst read on Nora Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$38.3M
Total raised · real
6
Rounds
0.1×
Latest step-up
Top 23%
Sector rank · raised
Series B
Latest stage · inferred · Tue Sep 29 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

Nora Therapeutics, Inc. looks under-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.

Under-valued
  • Modeled value is 0.06× the median modeled value of Series B Biotechnology companies in 2013–2015 (77 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.8 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

Nora Therapeutics, Inc. is one of 4293 Biotechnology companies tracked from PALO ALTO. By capital raised it ranks in the upper tier (ahead of 78% 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
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$250M$500M$750M$1.0BSeries B · Raised $537K (real) Modeled valuation $1.6M (est)$537K$1.6MSeries BSeed · 2009-03-31 Raised $2.9M (real) Modeled valuation $130M (est)$2.9M$130MSeed2009Pre-Seed · 2009-03-31 Raised $1.0M (real) Modeled valuation $55M (est)$1.0M$55MPre-Seed2009Series A · 2010-09-08 Raised $15M (real) Modeled valuation $538M (est)$15M$538MSeries A2010Series B · 2014-04-11 Raised $18M (real) Modeled valuation $714M (est)$18M$714MSeries B2014Series B · 2015-09-29 Raised $1.0M (real) Modeled valuation $40M (est)$1.0M$40MSeries B2015+$2.9M+$1.0M+$15M+$18M+$1.0MCumulative $38M

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$537K
Bridge · Series B-stage$2.9M · 2009smaller follow-on
Bridge · Series B-stage$1.0M · 2009smaller follow-on
Bridge · Series B-stage$14.9M · 2010smaller follow-on
Series B extension$18.0M · 2014
Series B extension$1.0M · 2015

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

Modeled valuation trajectory
$39.7M
Base estimate est.
$2.0M
Conservative case
$152.7M
Upside case
$5.6M
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.

Series B · modeled $1.6M · Seed · modeled $130.2M · 2009-03-31Pre-Seed · modeled $55.2M · 2009-03-31Series A · modeled $537.9M · 2010-09-08Series B · modeled $714.4M · 2014-04-11Series B · modeled $39.7M · 2015-09-292015
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
6.0 yr
Elapsed time used
10.8 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
110 mo
Avg between rounds
$838K/yr
Capital velocity
56.5 yr
On record since
1970
First round
6
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) 5.3× above median
This company$38.3M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$1.0M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$39.7M
Sector median$64.2M

Raised more than 78% of sector peers (real $). Modeled value above 40% 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 #72 of 77.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)BioAtla,LLC · Series B Raised $47.9M · modeled $1.5B (est)Scholar Rock LLC · Series B Raised $36.3M · modeled $1.4B (est)Oligasis, LLC · Series B Raised $35.8M · modeled $1.3B (est)Alector LLC · Series B Raised $32.3M · modeled $1.3B (est)Gelesis Inc · Series B Raised $37.7M · modeled $1.3B (est)Prosetta Biosciences Inc. · Series B Raised $31.1M · modeled $1.2B (est)Stem Cell Therapeutics Corp · Series B Raised $30.3M · modeled $1.2B (est)Tenex Health, Inc. · Series B Raised $57.4M · modeled $1.2B (est)Aquesys Inc · Series B Raised $49.5M · modeled $1.2B (est)4Tech, Inc. · Series B Raised $62.3M · modeled $1.1B (est)Lorus Therapeutics Inc · Series B Raised $28.3M · modeled $1.1B (est)Kallyope, Inc. · Series B Raised $28.1M · modeled $1.1B (est)Nora Therapeutics, Inc. (this company) Raised $38.3M · modeled $39.7M (est)Nora Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
BioAtla,LLCSeries B$47.9M$1.5B2.16×
Scholar Rock LLCSeries B$36.3M$1.4B2.01×
Oligasis, LLCSeries B$35.8M$1.3B1.88×
Alector LLCSeries B$32.3M$1.3B1.79×
Gelesis IncSeries B$37.7M$1.3B1.75×
Prosetta Biosciences Inc.Series B$31.1M$1.2B1.73×
Stem Cell Therapeutics CorpSeries B$30.3M$1.2B1.68×
Tenex Health, Inc.Series B$57.4M$1.2B1.66×
Aquesys IncSeries B$49.5M$1.2B1.66×
4Tech, Inc.Series B$62.3M$1.1B1.60×
Lorus Therapeutics IncSeries B$28.3M$1.1B1.57×
Kallyope, Inc.Series B$28.1M$1.1B1.56×
Nora Therapeutics, Inc. this companySeries B$38.3M$39.7M0.06×
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$2.9M2009-03-31$14.7M$130.2M90%
Pre-Seed$1.0M2009-03-31$5.6M$55.2M90%
Series A$14.9M2010-09-08$67.6M$537.9M90%
Series B$18.0M2014-04-11$100.0M$714.4M90%
Series B$1.0M2015-09-29$5.6M$39.7M90%
Series B$537K$3.0M$1.6M90%
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$2.9M2009-03-31
    • First recorded raise — entered as Seed.
  2. Pre-Seed$1.0M2009-03-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.9× smaller than the prior — bridge or down round.
  3. Series A$14.9M2010-09-08
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round 14.9× larger than the prior — scaling up.
  4. Series B$18.0M2014-04-11
    • Raised again after 43 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
  5. Series B$1.0M2015-09-29
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 18.0× smaller than the prior — bridge or down round.
Intelligence
2024 ~Q4
Modeled next raise · ~110mo cadence
$1.0M
Modeled next size est.range $1.0M$1.6M
0.1×
Last step-up
$838K/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
Chen Yu6 other2009-03
David Schnell6 other2009-03
Donald J. Hayden, Jr.4 other2009-03
Bryant E. Fong1 other2009-03
Alan K Colowick2010-09
Anupam J. Dalal
Anupam K. Dalal2015-09
Chen E. Yu2009-03
Chen K. Yu2015-09
Christopher B. McClain2009-03
Darryl L. Carter2009-03
David E. Schnell2009-03
David K. Schnell2015-09
Dennis J. Fenton2014-04
Dennis K. Fenton2015-09
Donald K. Hayden, Jr.2015-09
Jeffrey K Tong2010-09
Joseph L. Turner, Jr.2015-09
Julie McHugh2009-03
Martin J. Vogelbaum2014-04
Martin K Vogelbaum2010-09
Registry & provenance

Nora 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
1461695
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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AOA DX Inc.BiotechnologySeries B$38.7M$33.7Msame sector · same stage
Lysosomal Therapeutics, Inc.BiotechnologySeries B$38.0M$39.7Msame sector · same stage
CoreMap, Inc.BiotechnologySeries B$39.8M$47.3Msame sector · same stage
Abpro CorpBiotechnologySeries B$42.4M$37.6Msame sector · same stage
Frequently asked
How much funding has Nora Therapeutics, Inc. raised?
Nora Therapeutics, Inc. has raised approximately $38.3M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Nora Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Nora Therapeutics, Inc. is approximately $39.7M (modeled range $2.0M–$152.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Nora Therapeutics, Inc. at?
Nora Therapeutics, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Sep 29.
What does Nora Therapeutics, Inc. do and where is it based?
Nora Therapeutics, Inc. operates in the Biotechnology sector, based in PALO ALTO.
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