Companies · Biotechnology

Notable Labs, Inc.Winter 2015Public

FOSTER CITY · CA, USA · Biotechnology · founded 2014 · http://notablelabs.com

Diligence memoA one-page analyst read on Notable Labs, Inc. — recommendation, valuation, rhythm, risks.
$82.2M
Total raised · real
6
Rounds
1.0×
Latest step-up
Top 13%
Sector rank · raised
Series B
Latest stage · inferred · Tue Feb 21 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Notable Labs, Inc. looks fair against its niche peers and is at-risk 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 0.79× the median modeled value of Series B Biotechnology companies in 2022–2024 (197 peers) — value vs value, same stage and era.
  • Within the normal band (79% of peer median) for its niche.
At-risk
  • Last raise 3.4 yr ago; this sector typically re-raises about every 14 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Notable Labs, Inc. is one of 4293 Biotechnology companies tracked from FOSTER CITY, CA, USA, on record since 2014. By capital raised it ranks in the upper tier (ahead of 88% 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Personalized drug discovery for blood cancer.

Notable Labs is building a personalized drug discovery platform to identify treatment options for relapsed and refractory cancer patients — starting with blood cancer — to address the long tail of cancer treatment. We look at a person’s actual cancer cells, test combinations of FDA approved drugs, and see which combinations kill the cancer cells and leave the healthy cells alive. We focus on combinations because cancer is often difficult to target with just one drug and starting with a single drug can lead to resistant clones or relapse. We're building a highly automated lab in Foster City running on our custom software and are currently testing relapsed/refractory cancer patients as well as samples from a variety of pharma/biotech partnerships. https://www.notablelabs.com/careers

BiotechDrug discoveryOncologybiotechpharma
Find Notable Labs, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
26
Investors (latest)
2023-02-21
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$500M$1.0B$1.5B$2.0BSeries A · 2014-07-30 Raised $4.5M (real) Modeled valuation $162M (est)$4.5M$162MSeries A2014Series A · 2016-05-19 Raised $2.7M (real) Modeled valuation $98M (est)$2.7M$98MSeries A2016Series A · 2017-08-16 Raised $15M (real) Modeled valuation $536M (est)$15M$536MSeries A2017Series B · 2019-06-28 Raised $40M (real) Modeled valuation $1.6B (est)$40M$1.6BSeries B2019Series B · 2022-06-30 Raised $10M (real) Modeled valuation $170M (est)$10M$170MSeries B2022Series B · 2023-02-21 Raised $10M (real) Modeled valuation $132M (est)$10M$132MSeries B2023+$2.7M+$15M+$40M+$10M+$10MCumulative $82M

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$4.5M · 2014
Series A extension$2.7M · 2016
Series A extension$14.8M · 2017
Series B$39.8M · 2019
Series B extension$10.1M · 2022
Series B extension$10.3M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — 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
$132.1M
Base estimate est.
$20.7M
Conservative case
$306.7M
Upside case
$57.4M
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 A · modeled $162.3M · 2014-07-302014Series A · modeled $98.1M · 2016-05-19Series A · modeled $536.5M · 2017-08-16Series B · modeled $1.6B · 2019-06-28Series B · modeled $169.7M · 2022-06-30Series B · modeled $132.1M · 2023-02-212023
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
3.4 yr
Elapsed time used
3.4 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
21 mo
Avg between rounds
$9.6M/yr
Capital velocity
11.9 yr
On record since
2014
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) 11× above median
This company$82.2M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.6× of median
This company$10.3M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 2.1× above median
This company$132.1M
Sector median$64.2M

Raised more than 88% of sector peers (real $). Modeled value above 64% 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 #119 of 197.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Mt McKinley Medical Holding Corp USA · Series B Raised $40.0M · modeled $738.4M (est)YAP Therapeutics Inc · Series B Raised $30.1M · modeled $618.3M (est)Pinteon Therapeutics, Inc. · Series B Raised $39.2M · modeled $603.8M (est)OncXerna Therapeutics, Ltd. · Series B Raised $30.0M · modeled $591.4M (est)EpiBiologics, Inc. · Series B Raised $30.0M · modeled $570.2M (est)GIOGI Ltd · Series B Raised $27.3M · modeled $554.5M (est)SonoThera, Inc. · Series B Raised $30.4M · modeled $550.9M (est)Perceive Biotherapeutics, Inc. · Series B Raised $40.0M · modeled $544.6M (est)GIOCAN Ltd · Series B Raised $24.5M · modeled $498.6M (est)GIODIA Ltd · Series B Raised $24.5M · modeled $498.6M (est)GIOHEALTH Ltd · Series B Raised $24.5M · modeled $498.6M (est)Cerapedics Inc · Series B Raised $99.1M · modeled $492.3M (est)Notable Labs, Inc. (this company) Raised $82.2M · modeled $132.1M (est)Notable Labs, Inc.
CompanyStageRaised · realValue · estvs peer med.
Mt McKinley Medical Holding Corp USASeries B$40.0M$738.4M4.41×
YAP Therapeutics IncSeries B$30.1M$618.3M3.69×
Pinteon Therapeutics, Inc.Series B$39.2M$603.8M3.60×
OncXerna Therapeutics, Ltd.Series B$30.0M$591.4M3.53×
EpiBiologics, Inc.Series B$30.0M$570.2M3.40×
GIOGI LtdSeries B$27.3M$554.5M3.31×
SonoThera, Inc.Series B$30.4M$550.9M3.29×
Perceive Biotherapeutics, Inc.Series B$40.0M$544.6M3.25×
GIOCAN LtdSeries B$24.5M$498.6M2.97×
GIODIA LtdSeries B$24.5M$498.6M2.97×
GIOHEALTH LtdSeries B$24.5M$498.6M2.97×
Cerapedics IncSeries B$99.1M$492.3M2.94×
Notable Labs, Inc. this companySeries B$82.2M$132.1M0.79×
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$4.5M2014-07-30$20.4M$162.3M85%
Series A$2.7M2016-05-19$12.3M$98.1M90%
Series A$14.8M2017-08-16$67.5M$536.5M90%
Series B$39.8M2019-06-28$220.9M$1.6B90%
Series B$10.1M2022-06-30$55.9M$169.7M90%
Series B$10.3M2023-02-21$57.4M$132.1M90%
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$4.5M2014-07-30
    • First recorded raise — entered as Series A.
    • 40 investors on this round.
  2. Series A$2.7M2016-05-19
    • Raised again after 22 mo — slower than the ~14 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 23 investors on this round.
  3. Series A$14.8M2017-08-16
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 5.5× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 95 investors on this round.
  4. Series B$39.8M2019-06-28
    • Raised again after 22 mo — slower than the ~14 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 37 investors on this round.
  5. Series B$10.1M2022-06-30
    • Raised again after 36 mo — slower than the ~14 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
    • 19 investors on this round.
  6. Series B$10.3M2023-02-21
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 26 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~21mo cadence
$10.6M
Modeled next size est.range $10.3M$17.0M
1.0×
Last step-up
$9.6M/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
James Kim9 other2017-08
Adam Seabrook4 other2022-06
Michael Horowitz3 other2019-06
Joseph Wagner2 other2023-02
Amanda Hermann2017-08
Matthew De Silva2014-07
Pete Quinzio2017-08
Peter Quinzio2014-07
Thomas Bock2022-06
Registry & provenance

Notable Labs, 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
1674834
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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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
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b12 Labs
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PharmaPre-Seed$7.6M73%
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Parallel Bio
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Biotech72%
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Frequently asked
How much funding has Notable Labs, Inc. raised?
Notable Labs, Inc. has raised approximately $82.2M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Notable Labs, Inc.'s estimated valuation?
Provath's modeled valuation for Notable Labs, Inc. is approximately $132.1M (modeled range $20.7M–$306.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Notable Labs, Inc. at?
Notable Labs, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Feb 21.
What does Notable Labs, Inc. do and where is it based?
Notable Labs, Inc. operates in the Biotechnology sector, based in FOSTER CITY, CA, USA. Personalized drug discovery for blood cancer.
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