Companies · Biotechnology

Noveome Biotherapeutics, Inc.

PITTSBURGH · Biotechnology

Diligence memoA one-page analyst read on Noveome Biotherapeutics, Inc. — recommendation, valuation, rhythm, risks.
$54.8M
Total raised · real
5
Rounds
0.6×
Latest step-up
Top 18%
Sector rank · raised
Series B
Latest stage · inferred · Wed Aug 02 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Noveome Biotherapeutics, Inc. looks over-valued 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.

Over-valued
  • Modeled value is 2.28× the median modeled value of Series B Biotechnology companies in 2022–2024 (197 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.9 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

Noveome Biotherapeutics, Inc. is one of 4293 Biotechnology companies tracked from PITTSBURGH. By capital raised it ranks in the upper tier (ahead of 83% of sector peers), and in the upper tier 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
Rule 506(b)
Reg D exemption
59
Investors (latest)
2023-08-02
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$250M$500M$750M$1.0BPre-Seed · 2012-06-30 Raised $571K (real) Modeled valuation $32M (est)Pre-Seed2012Seed · 2015-12-31 Raised $1.7M (real) Modeled valuation $76M (est)Seed2015Seed · 2015-12-31 Raised $2.2M (real) Modeled valuation $96M (est)Seed2015Seed · 2018-01-12 Raised $2.4M (real) Modeled valuation $105M (est)Seed2018Series A · 2018-01-12 Raised $15M (real) Modeled valuation $542M (est)Series A2018Series A · 2020-09-24 Raised $870K (real) Modeled valuation $28M (est)Series A2020Series B · 2023-08-02 Raised $36M (real) Modeled valuation $382M (est)Series B2023Series B · 2023-08-02 Raised $21M (real) Modeled valuation $219M (est)Series B2023+$1.7M+$2.2M+$2.4M+$15M+$870K+$36M+$21MCumulative $80M

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$571K · 2012
Seed$1.7M · 2015
Seed extension$2.2M · 2015
Seed extension$2.4M · 2018
Series A$15.0M · 2018
Series A extension$870K · 2020
Series B$36.2M · 2023
Series B extension$20.7M · 2023

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

Modeled valuation trajectory
$382.2M
Base estimate est.
$72.4M
Conservative case
$815.2M
Upside case
$201.0M
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.

Pre-Seed · modeled $31.5M · 2012-06-302012Seed · modeled $76.0M · 2015-12-31Seed · modeled $95.8M · 2015-12-31Seed · modeled $105.2M · 2018-01-12Series A · modeled $542.3M · 2018-01-12Series A · modeled $28.1M · 2020-09-24Series B · modeled $382.2M · 2023-08-02Series B · modeled $218.6M · 2023-08-022023
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
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$4.9M/yr
Capital velocity
14.0 yr
On record since
2012
First round
8
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) 7.6× above median
This company$54.8M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.2× above median
This company$20.7M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 6.0× above median
This company$382.2M
Sector median$64.2M

Raised more than 83% of sector peers (real $). Modeled value above 80% 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 #31 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)Noveome Biotherapeutics, Inc. (this company) Raised $54.8M · modeled $382.2M (est)Noveome Biotherapeutics, 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×
Noveome Biotherapeutics, Inc. this companySeries B$54.8M$382.2M2.28×
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$571K2012-06-30$3.2M$31.5M85%
Seed$1.7M2015-12-31$8.6M$76.0M85%
Seed$2.2M2015-12-31$10.8M$95.8M85%
Seed$2.4M2018-01-12$11.8M$105.2M90%
Series A$15.0M2018-01-12$68.2M$542.3M90%
Series A$870K2020-09-24$4.0M$28.1M90%
Series B$36.2M2023-08-02$201.0M$382.2M90%
Series B$20.7M2023-08-02$114.9M$218.6M90%
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. Pre-Seed$571K2012-06-30
    • First recorded raise — entered as Pre-Seed.
    • 15 investors on this round.
  2. Seed$1.7M2015-12-31
    • Raised again after 42 mo — slower than the ~14 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 33 investors on this round.
  3. Seed$2.2M2015-12-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 39 investors on this round.
  4. Seed$2.4M2018-01-12
    • Raised again after 24 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 10 investors on this round.
  5. Series A$15.0M2018-01-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 6.3× larger than the prior — scaling up.
    • 39 investors on this round.
  6. Series A$870K2020-09-24
    • Raised again after 32 mo — slower than the ~14 mo sector norm.
    • Round 17.2× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  7. Series B$36.2M2023-08-02
    • Raised again after 34 mo — slower than the ~14 mo sector norm.
    • Round 41.6× larger than the prior — scaling up.
    • 66 investors on this round.
  8. Series B$20.7M2023-08-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 59 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~19mo cadence
$20.7M
Modeled next size est.range $20.7M$33.1M
0.6×
Last step-up
$4.9M/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
Robert Langer35 other2012-06
MICHAEL KAUFMAN6 other2023-08
Eric Keller5 other2023-08
Craig Nemiroff3 other2023-08
Houman Hemmati3 other2023-08
Donald Wagner2 other2012-06
A. Clarke Atwell1 other2015-12
William Golden1 other2012-06
George Sing2012-06
Gretchen Kraemer2023-08
John McArthur2012-06
Patrick Welch2018-01
Patric Welch2023-08
Ronald Poropatich2023-08
Terence Golden2012-06
Registry & provenance

Noveome 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
1478304
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
Trailhead Biosystems Inc.BiotechnologySeries B$41.7M$75.7Mnetwork3 shared operators · same sector · same stage
MaraBio Systems Inc.BiotechnologySeries B$19.1M$124.2Mnetwork2 shared operators · same sector · same stage
Seventh Sense Biosystems, Inc.BiotechnologySeries B$62.9M$732.6Mnetwork1 shared operator · same sector · same stage
Syntis Bio, Inc.BiotechnologySeries B$46.7M$118.0Mnetwork1 shared operator · same sector · same stage
Abpro CorpBiotechnologySeries B$42.4M$37.6Mnetwork1 shared operator · same sector · same stage
Lux Biosciences IncBiotechnologySeries B$81.1M$635.0Mnetwork1 shared operator · same sector · same stage
Taris Biomedical IncBiotechnologySeries B$36.9M$535.8Mnetwork1 shared operator · same sector · same stage
Dare Bioscience, Inc.BiotechnologySeries B$102.0M$93.8Mnetwork1 shared operator · same 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
Agilis Biotherapeutics, Inc.BiotechnologySeries A$458.0M86%
Adolore Biotherapeutics, Inc.BiotechnologySeed$6.9M86%
Novx Bioscience LLCBiotechnologyPre-Seed$5.5M85%
Arcutis Biotherapeutics, Inc.BiotechnologySeries C$3.9B85%
XenoTherapeutics CorpBiotechnologySeed$39.0M85%
Calidi Biotherapeutics, Inc.BiotechnologySeries A$30.2M85%
ViTToria Biotherapeutics, Inc.BiotechnologySeries A$188.2M85%
BioRestorative Therapies, Inc.BiotechnologySeries A$4.0M85%
Frequently asked
How much funding has Noveome Biotherapeutics, Inc. raised?
Noveome Biotherapeutics, Inc. has raised approximately $54.8M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Noveome Biotherapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Noveome Biotherapeutics, Inc. is approximately $382.2M (modeled range $72.4M–$815.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Noveome Biotherapeutics, Inc. at?
Noveome Biotherapeutics, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Aug 02.
What does Noveome Biotherapeutics, Inc. do and where is it based?
Noveome Biotherapeutics, Inc. operates in the Biotechnology sector, based in PITTSBURGH.
Explore related

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

Is this your company?

If you work at Noveome Biotherapeutics, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.