Companies · Biotechnology

Rani Therapeutics, LLC

SAN JOSE · Biotechnology

Diligence memoA one-page analyst read on Rani Therapeutics, LLC — recommendation, valuation, rhythm, risks.
$111.8M
Total raised · real
4
Rounds
1.3×
Latest step-up
Top 10%
Sector rank · raised
Series C
Latest stage · inferred · Fri Oct 30 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Rani Therapeutics, LLC 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 0.93× the median modeled value of Series C Biotechnology companies in 2019–2021 (120 peers) — value vs value, same stage and era.
  • Within the normal band (93% of peer median) for its niche.
Dormant
  • Last raise 5.7 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Rani Therapeutics, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
11.1 yr record
Peak capital year was 2020 with $50.0M across 1 filings.
Market position
ahead of 91% of Biotechnology peers
Capital scale is ahead of 91% of Biotechnology peers; modeled value is above 94% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2020: $50.0M across 1 filings.
  • Largest single filing was $50.0M on 2020-10-30.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

Rani Therapeutics, LLC is one of 4293 Biotechnology companies tracked from SAN JOSE. By capital raised it ranks among the largest (ahead of 91% 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
2
Investors (latest)
2020-10-30
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 B · 2015-05-21 Raised $15M (real) Modeled valuation $615M (est)$15M$615MSeries B2015Series B · 2015-05-22 Raised $7.7M (real) Modeled valuation $304M (est)$7.7M$304MSeries B2015Series B · 2017-08-24 Raised $39M (real) Modeled valuation $1.5B (est)$39M$1.5BSeries B2017Series C · 2020-10-30 Raised $50M (real) Modeled valuation $1.8B (est)$50M$1.8BSeries C2020+$7.7M+$39M+$50MCumulative $112M

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$15.5M · 2015
Series B extension$7.7M · 2015
Series B extension$38.7M · 2017
Series C$50.0M · 2020

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: 40%.

Modeled valuation trajectory
$1.8B
Base estimate est.
$154.7M
Conservative case
$4.5B
Upside case
$333.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Series B · modeled $614.6M · 2015-05-212015Series B · modeled $303.6M · 2015-05-22Series B · modeled $1.5B · 2017-08-24Series C · modeled $1.8B · 2020-10-302020
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
62%
Survival probability
46% low · 72% high
1.46×/yr
Annual markup
1.68×/yr upside case
5.7 yr
Elapsed time used
5.7 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$20.5M/yr
Capital velocity
11.1 yr
On record since
2015
First round
4
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) 16× above median
This company$111.8M
Sector median$7.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.1× above median
This company$50.0M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 28× above median
This company$1.8B
Sector median$64.2M

Raised more than 91% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #67 of 120.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Stem Biotech LLC · Series C Raised $100.0M · modeled $4.1B (est)Kinnate Biopharma Inc. · Series C Raised $172.5M · modeled $3.9B (est)Arcutis Biotherapeutics, Inc. · Series C Raised $94.5M · modeled $3.9B (est)DNA Research INST LLC · Series C Raised $94.5M · modeled $3.7B (est)M3 Biotechnology, Inc. · Series C Raised $107.3M · modeled $3.6B (est)Checkmate Pharmaceuticals, Inc. · Series C Raised $185.1M · modeled $3.5B (est)Black Diamond Therapeutics, Inc. · Series C Raised $146.3M · modeled $3.5B (est)Finch Therapeutics Group, Inc. · Series C Raised $179.9M · modeled $3.5B (est)Shattuck Labs, Inc. · Series C Raised $165.4M · modeled $3.4B (est)TScan Therapeutics, Inc. · Series C Raised $123.3M · modeled $3.3B (est)Edgewise Therapeutics, Inc. · Series C Raised $120.1M · modeled $3.3B (est)Miragen Therapeutics, Inc. · Series C Raised $197.8M · modeled $3.3B (est)Rani Therapeutics, LLC (this company) Raised $111.8M · modeled $1.8B (est)Rani Therapeutics, LLC
CompanyStageRaised · realValue · estvs peer med.
Stem Biotech LLCSeries C$100.0M$4.1B2.11×
Kinnate Biopharma Inc.Series C$172.5M$3.9B2.02×
Arcutis Biotherapeutics, Inc.Series C$94.5M$3.9B1.99×
DNA Research INST LLCSeries C$94.5M$3.7B1.88×
M3 Biotechnology, Inc.Series C$107.3M$3.6B1.88×
Checkmate Pharmaceuticals, Inc.Series C$185.1M$3.5B1.79×
Black Diamond Therapeutics, Inc.Series C$146.3M$3.5B1.79×
Finch Therapeutics Group, Inc.Series C$179.9M$3.5B1.78×
Shattuck Labs, Inc.Series C$165.4M$3.4B1.75×
TScan Therapeutics, Inc.Series C$123.3M$3.3B1.72×
Edgewise Therapeutics, Inc.Series C$120.1M$3.3B1.70×
Miragen Therapeutics, Inc.Series C$197.8M$3.3B1.69×
Rani Therapeutics, LLC this companySeries C$111.8M$1.8B0.93×
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$15.5M2015-05-21$86.0M$614.6M85%
Series B$7.7M2015-05-22$42.5M$303.6M85%
Series B$38.7M2017-08-24$214.8M$1.5B90%
Series C$50.0M2020-10-30$333.3M$1.8B90%
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$15.5M2015-05-21
    • First recorded raise — entered as Series B.
    • 10 investors on this round.
  2. Series B$7.7M2015-05-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Series B$38.7M2017-08-24
    • Raised again after 27 mo — slower than the ~14 mo sector norm.
    • Round 5.1× larger than the prior — scaling up.
    • 12 investors on this round.
  4. Series C$50.0M2020-10-30
    • Raised again after 38 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~22mo cadence
$64.7M
Modeled next size est.range $50.0M$103.5M
1.3×
Last step-up
$20.5M/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
Mir Imran5 other2015-05
Andrew Farquharson3 other2015-05
Dennis Ausiello3 other2020-10
David Pyott1 other2017-08
Mir Hashim1 other2015-05
Svai Sanford1 other2020-10
Maulik Nanavaty2017-08
Registry & provenance

Rani Therapeutics, LLC 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
1644130
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
Rani Therapeutics Holdings, Inc.BiotechnologySeries C$60.3M$326.1Mnetwork4 shared operators · same sector · same stage
Tarveda Therapeutics, Inc.BiotechnologySeries B$127.4M$141.9Mnetwork1 shared operator · same sector
Precision IBD, Inc.BiotechnologySeries C$111.8M$1.8Bsame sector · same stage
Cyteir Therapeutics, Inc.BiotechnologySeries C$111.9M$2.6Bsame sector · same stage
Effector Therapeutics, Inc.BiotechnologySeries C$110.6M$836.5Msame sector · same stage
Ignyta, Inc.BiotechnologySeries C$113.6M$1.2Bsame sector · same stage
IRX Therapeutics, Inc.BiotechnologySeries C$109.1M$1.4Bsame sector · same stage
Escient Pharmaceuticals IncBiotechnologySeries C$108.8M$995.9Msame 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
Rani Therapeutics Holdings, Inc.BiotechnologySeries C$326.1M97%
Fountain Therapeutics, Inc.BiotechnologySeries B$348.9M85%
Miragen Therapeutics, Inc.BiotechnologySeries C$3.3B84%
Caldera Therapeutics, Inc.BiotechnologySeries B$139.2M83%
Tarveda Therapeutics, Inc.BiotechnologySeries B$141.9M83%
Vita Therapeutics, Inc.BiotechnologySeries B$461.5M83%
Marea Therapeutics, Inc.BiotechnologySeries C$595.9M83%
Valora Therapeutics, Inc.BiotechnologySeries A$67.8M83%
Frequently asked
How much funding has Rani Therapeutics, LLC raised?
Rani Therapeutics, LLC has raised approximately $111.8M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Rani Therapeutics, LLC's estimated valuation?
Provath's modeled valuation for Rani Therapeutics, LLC is approximately $1.8B (modeled range $154.7M–$4.5B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Rani Therapeutics, LLC at?
Rani Therapeutics, LLC's latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Oct 30.
What does Rani Therapeutics, LLC do and where is it based?
Rani Therapeutics, LLC operates in the Biotechnology sector, based in SAN JOSE.
Explore related

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

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