Companies · Pharmaceuticals

Northwest Biotherapeutics Inc

BETHESDA · Pharmaceuticals

Diligence memoA one-page analyst read on Northwest Biotherapeutics Inc — recommendation, valuation, rhythm, risks.
$13.9M
Total raised · real
4
Rounds
2.9×
Latest step-up
Top 41%
Sector rank · raised
Series A
Latest stage · inferred · Fri Aug 28 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Northwest Biotherapeutics 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 pharma 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 0.49× the median modeled value of Series A Pharmaceuticals companies in 2019–2021 (76 peers) — value vs value, same stage and era.
  • Issuer reports $1M–$5M revenue while modeled below niche peers.
Dormant
  • Last raise 5.8 yr ago; this sector typically re-raises about every 13 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 Pharmaceuticals

Northwest Biotherapeutics Inc is one of 1613 Pharmaceuticals companies tracked from BETHESDA. By capital raised it ranks mid-pack (ahead of 60% 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
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
2
Investors (latest)
2020-08-28
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$125M$250M$375M$500MPre-Seed · 2010-11-29 Raised $395K (real) Modeled valuation $19M (est)$395K$19MPre-Seed2010Series A · 2016-02-29 Raised $10M (real) Modeled valuation $310M (est)$10M$310MSeries A2016Series A · 2017-12-29 Raised $880K (real) Modeled valuation $27M (est)$880K$27MSeries A2017Series A · 2020-08-28 Raised $2.6M (real) Modeled valuation $75M (est)$2.6M$75MSeries A2020+$10M+$880K+$2.6MCumulative $14M

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
Pre-Seed$395K · 2010
Series A$10.0M · 2016no Seed on file
Series A extension$880K · 2017
Series A extension$2.6M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$74.8M
Base estimate est.
$3.0M
Conservative case
$392.0M
Upside case
$11.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $18.7M · 2010-11-292010Series A · modeled $309.7M · 2016-02-29Series A · modeled $27.3M · 2017-12-29Series A · modeled $74.8M · 2020-08-282020
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
46%
Survival probability
25% low · 63% high
1.57×/yr
Annual markup
1.97×/yr upside case
5.8 yr
Elapsed time used
5.8 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
39 mo
Avg between rounds
$1.4M/yr
Capital velocity
15.6 yr
On record since
2010
First round
4
Rounds on file
How it compares to the market

Benchmarked against 1613 companies in Pharmaceuticals. 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) 1.7× above median
This company$13.9M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.5× of median
This company$2.6M
Sector median$5.2M
Modeled value — vs sector median (estimate, all stages) 1.0× of median
This company$74.8M
Sector median$76.1M

Raised more than 60% of sector peers (real $). Modeled value above 50% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #62 of 76.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Xynomic Pharmaceuticals Holdings, Inc. · Series A Raised $15.0M · modeled $464.6M (est)Honest Globe Inc. · Series A Raised $15.0M · modeled $464.6M (est)Athenen Therapeutics, Inc. · Series A Raised $12.0M · modeled $371.7M (est)Zomedica Pharmaceuticals Corp. · Series A Raised $25.6M · modeled $371.7M (est)CerSci Therapeutics Inc. · Series A Raised $12.0M · modeled $371.7M (est)Rational Vaccines, Inc. · Series A Raised $27.8M · modeled $363.5M (est)Primmune Therapeutics, Inc. · Series A Raised $20.1M · modeled $350.3M (est)Aytu Bioscience, Inc · Series A Raised $28.8M · modeled $309.7M (est)Solaris Pharma Corp · Series A Raised $23.4M · modeled $309.7M (est)Ally Therapeutics, Inc. · Series A Raised $10.0M · modeled $309.7M (est)Avitide, Inc. · Series A Raised $40.9M · modeled $309.7M (est)PharmAbbie, Inc. · Series A Raised $15.0M · modeled $282.0M (est)Northwest Biotherapeutics Inc (this company) Raised $13.9M · modeled $74.8M (est)Northwest Biotherapeutics Inc
CompanyStageRaised · realValue · estvs peer med.
Xynomic Pharmaceuticals Holdings, Inc.Series A$15.0M$464.6M3.05×
Honest Globe Inc.Series A$15.0M$464.6M3.05×
Athenen Therapeutics, Inc.Series A$12.0M$371.7M2.44×
Zomedica Pharmaceuticals Corp.Series A$25.6M$371.7M2.44×
CerSci Therapeutics Inc.Series A$12.0M$371.7M2.44×
Rational Vaccines, Inc.Series A$27.8M$363.5M2.38×
Primmune Therapeutics, Inc.Series A$20.1M$350.3M2.30×
Aytu Bioscience, IncSeries A$28.8M$309.7M2.03×
Solaris Pharma CorpSeries A$23.4M$309.7M2.03×
Ally Therapeutics, Inc.Series A$10.0M$309.7M2.03×
Avitide, Inc.Series A$40.9M$309.7M2.03×
PharmAbbie, Inc.Series A$15.0M$282.0M1.85×
Northwest Biotherapeutics Inc this companySeries A$13.9M$74.8M0.49×
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.
Pre-Seed$395K2010-11-29$2.2M$18.7M85%
Series A$10.0M2016-02-29$45.5M$309.7M85%
Series A$880K2017-12-29$4.0M$27.3M90%
Series A$2.6M2020-08-28$11.8M$74.8M90%
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. Pre-Seed$395K2010-11-29
    • First recorded raise — entered as Pre-Seed.
    • 7 investors on this round.
  2. Series A$10.0M2016-02-29
    • Raised again after 63 mo — slower than the ~13 mo sector norm.
    • Round 25.3× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 5 investors on this round.
  3. Series A$880K2017-12-29
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 11.4× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 506(b)).
  4. Series A$2.6M2020-08-28
    • Raised again after 32 mo — slower than the ~13 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 2 investors on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~39mo cadence
$7.6M
Modeled next size est.range $5.0M$12.2M
2.9×
Last step-up
$1.4M/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
Linda F. Powers1 other2010-11
Robert A. Farmer1 other2016-02
Alton L. Boynton2010-11
Cofer L. Black2016-02
J Cofer Black2017-12
Jerry A. Jasinowski2016-02
Jerry J Jasinowski2020-08
Jerry L Jasinowski2017-12
Leslie J Goldman2020-08
Leslie L Goldman2017-12
Marnix L Bosch2017-12
Navid F. Malik2016-02
Navid J Malik2020-08
Navid L Malik2017-12
Robert F. Farmer2010-11
Susan L. Bayh2016-02
Registry & provenance

Northwest Biotherapeutics 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
1072379
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
Cadence Health, Inc.PharmaceuticalsSeries A$13.8M$96.0Msame sector · same stage
Imagineering Technologies IncPharmaceuticalsSeries A$14.0M$29.4Msame sector · same stage
DeliverCareRX, Inc.PharmaceuticalsSeries A$14.2M$37.2Msame sector · same stage
Groff North America, LLCPharmaceuticalsSeries A$13.1M$105.9Msame sector · same stage
Oramed Pharmaceuticals Inc.PharmaceuticalsSeries A$14.7M$38.0Msame sector · same stage
Cns Therapeutics IncPharmaceuticalsSeries A$13.1M$94.5Msame sector · same stage
Acusphere IncPharmaceuticalsSeries A$15.0M$77.4Msame sector · same stage
Corerx IncPharmaceuticalsSeries A$15.0M$92.9Msame 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
Kp Biosciences, Inc.PharmaceuticalsPre-Seed$13.2M85%
Fuse Biotherapeutics, Inc.PharmaceuticalsSeries A$163.4M85%
Harmony Biosciences II, Inc.PharmaceuticalsSeries D+$1.8B84%
RS BioTherapeutics Inc.PharmaceuticalsSeed$7.7M84%
Axial Biotherapeutics, Inc.PharmaceuticalsSeries B$108.0M83%
LSK BioPartners, Inc.PharmaceuticalsSeries B$680.1M83%
Khloris Biosciences, Inc.PharmaceuticalsSeries A$154.9M82%
MBX Biosciences, Inc.PharmaceuticalsSeries C$724.1M82%
Frequently asked
How much funding has Northwest Biotherapeutics Inc raised?
Northwest Biotherapeutics Inc has raised approximately $13.9M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Northwest Biotherapeutics Inc's estimated valuation?
Provath's modeled valuation for Northwest Biotherapeutics Inc is approximately $74.8M (modeled range $3.0M–$392.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Northwest Biotherapeutics Inc at?
Northwest Biotherapeutics Inc's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Aug 28.
What does Northwest Biotherapeutics Inc do and where is it based?
Northwest Biotherapeutics Inc operates in the Pharmaceuticals sector, based in BETHESDA.
Explore related

See where Northwest Biotherapeutics Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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