Companies · Biotechnology

RayzeBio, Inc.

SAN DIEGO · Biotechnology

Diligence memoA one-page analyst read on RayzeBio, Inc. — recommendation, valuation, rhythm, risks.
$396.4M
Total raised · real
4
Rounds
1.5×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Aug 25 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

RayzeBio, 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 1.69× the median modeled value of Series D+ Biotechnology companies in 2022–2024 (75 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.8 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

RayzeBio, Inc. is one of 4291 Biotechnology companies tracked from SAN DIEGO. By capital raised it ranks among the largest (ahead of 99% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
18
Investors (latest)
2020
Year incorporated
2022-08-25
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$1.3B$2.5B$3.8B$5.0BSeries A · 2020-08-05 Raised $15M (real) Modeled valuation $517M (est)$15M$517MSeries A2020Series D+ · 2020-11-23 Raised $105M (real) Modeled valuation $3.8B (est)$105M$3.8BSeries D+2020Series D+ · 2021-06-08 Raised $109M (real) Modeled valuation $3.3B (est)$109M$3.3BSeries D+2021Series D+ · 2022-08-25 Raised $168M (real) Modeled valuation $3.4B (est)$168M$3.4BSeries D+2022+$105M+$109M+$168MCumulative $396M

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$15.0M · 2020
Series D+$105.0M · 2020no Series B / Series C on file
Series D+ extension$108.5M · 2021
Series D+ extension$167.9M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$3.4B
Base estimate est.
$761.2M
Conservative case
$5.8B
Upside case
$1.4B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Series A · modeled $517.4M · 2020-08-052020Series D+ · modeled $3.8B · 2020-11-23Series D+ · modeled $3.3B · 2021-06-08Series D+ · modeled $3.4B · 2022-08-252022
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
54% low · 75% high
1.39×/yr
Annual markup
1.56×/yr upside case
3.9 yr
Elapsed time used
3.9 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$193.1M/yr
Capital velocity
5.9 yr
On record since
2020
First round
4
Rounds on file
How it compares to the market

Benchmarked against 4291 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) 55× above median
This company$396.4M
Sector median$7.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.4× above median
This company$167.9M
Sector median$120.0M
Modeled value — vs sector median (estimate, all stages) 53× above median
This company$3.4B
Sector median$64.2M

Raised more than 99% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #10 of 75.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0BCapital raised (log)Areteia Therapeutics, Inc. · Series D+ Raised $360.0M · modeled $7.8B (est)GIO World Health Ltd · Series D+ Raised $300.0M · modeled $7.4B (est)Crinetics Pharmaceuticals, Inc. · Series D+ Raised $428.0M · modeled $4.3B (est)2seventy bio, Inc. · Series D+ Raised $170.0M · modeled $4.0B (est)GIO World Health (Europe) Ltd · Series D+ Raised $150.0M · modeled $3.7B (est)Gio World Health (Europe) Sa · Series D+ Raised $150.0M · modeled $3.7B (est)Arsenal Biosciences, Inc. · Series D+ Raised $579.2M · modeled $3.5B (est)ImmPACT Bio USA Inc. · Series D+ Raised $143.6M · modeled $3.5B (est)BioNTech SE · Series D+ Raised $400.0M · modeled $3.4B (est)Genesis Therapeutics, Inc. · Series D+ Raised $297.4M · modeled $3.3B (est)Legend Biotech Corp · Series D+ Raised $350.5M · modeled $3.3B (est)RayzeBio, Inc. (this company) Raised $396.4M · modeled $3.4B (est)RayzeBio, Inc.
CompanyStageRaised · realValue · estvs peer med.
Areteia Therapeutics, Inc.Series D+$360.0M$7.8B3.87×
GIO World Health LtdSeries D+$300.0M$7.4B3.67×
Crinetics Pharmaceuticals, Inc.Series D+$428.0M$4.3B2.13×
2seventy bio, Inc.Series D+$170.0M$4.0B1.98×
GIO World Health (Europe) LtdSeries D+$150.0M$3.7B1.84×
Gio World Health (Europe) SaSeries D+$150.0M$3.7B1.84×
Arsenal Biosciences, Inc.Series D+$579.2M$3.5B1.76×
ImmPACT Bio USA Inc.Series D+$143.6M$3.5B1.72×
BioNTech SESeries D+$400.0M$3.4B1.71×
RayzeBio, Inc. this companySeries D+$396.4M$3.4B1.69×
Genesis Therapeutics, Inc.Series D+$297.4M$3.3B1.64×
Legend Biotech CorpSeries D+$350.5M$3.3B1.63×
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$15.0M2020-08-05$68.2M$517.4M90%
Series D+$105.0M2020-11-23$875.0M$3.8B90%
Series D+$108.5M2021-06-08$904.4M$3.3B90%
Series D+$167.9M2022-08-25$1.4B$3.4B90%
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$15.0M2020-08-05
    • First recorded raise — entered as Series A.
    • 9 investors on this round.
  2. Series D+$105.0M2020-11-23
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 7.0× larger than the prior — scaling up.
    • 17 investors on this round.
  3. Series D+$108.5M2021-06-08
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 23 investors on this round.
  4. Series D+$167.9M2022-08-25
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 18 investors on this round.
Intelligence
2023 ~Q2
Modeled next raise · ~8mo cadence
$259.8M
Modeled next size est.range $168.8M$415.6M
1.5×
Last step-up
$193.1M/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
Jerel Davis12 other2020-08
Aaron Royston6 other2020-08
Aaron Kantoff5 other2020-08
Maha Katabi5 other2022-08
Mary Tagliaferri2 other2022-08
Alex Rosen1 other2022-08
Angie You1 other2022-08
Arvind Kush1 other2022-08
Deborah Charych1 other2021-06
Ken Song1 other2020-08
Aubrey Haddach2022-08
Bong Koh2020-11
Yi Larson2021-06
Registry & provenance

RayzeBio, 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
1825367
SEC CIK
2020
Incorporated
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
Iambic Therapeutics, Inc.BiotechnologySeries D+$240.9M$697.2Mnetwork1 shared operator · same sector · same stage
Amunix Pharmaceuticals, Inc.BiotechnologySeries D+$203.9M$3.9Bnetwork1 shared operator · same sector · same stage
Avalo Therapeutics, Inc.BiotechnologySeries D+$181.8M$1.6Bnetwork1 shared operator · same sector · same stage
Chinook Therapeutics U.S., Inc.BiotechnologySeries D+$180.0M$4.5Bnetwork1 shared operator · same sector · same stage
Marea Therapeutics, Inc.BiotechnologySeries C$65.4M$595.3Mnetwork2 shared operators · same sector
Graphite Bio, Inc.BiotechnologySeries D+$150.7M$4.9Bnetwork1 shared operator · same sector · same stage
Gyroscope Therapeutics LtdBiotechnologySeries D+$148.0M$4.8Bnetwork1 shared operator · same sector · same stage
BioNTech SEBiotechnologySeries D+$400.0M$3.4Bsame 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
RayMed, LLCBiotechnologyPre-Seed$14.6M89%
BlinkBio, Inc.BiotechnologySeries B$20.8M86%
Shoreline Biosciences, Inc.BiotechnologySeries D+$3.7B86%
Torus Biosystems, Inc.BiotechnologySeries B$706.3M85%
Ray Therapeutics, Inc.BiotechnologySeries A$126.7M85%
Arbor Biotechnologies, Inc.BiotechnologySeries D+$5.7B85%
Biostage, Inc.BiotechnologySeries A$1.8M85%
Orionis Biosciences LLCBiotechnologySeries B$782.6M85%
Frequently asked
How much funding has RayzeBio, Inc. raised?
RayzeBio, Inc. has raised approximately $396.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is RayzeBio, Inc.'s estimated valuation?
Provath's modeled valuation for RayzeBio, Inc. is approximately $3.4B (modeled range $761.2M–$5.8B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is RayzeBio, Inc. at?
RayzeBio, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Aug 25.
What does RayzeBio, Inc. do and where is it based?
RayzeBio, Inc. operates in the Biotechnology sector, based in SAN DIEGO.
Explore related

See where RayzeBio, 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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