Companies · Biotechnology

Redona Therapeutics, Inc.

WATERTOWN · Biotechnology

Diligence memoA one-page analyst read on Redona Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$66.8M
Total raised · real
2
Rounds
0.1×
Latest step-up
Top 15%
Sector rank · raised
Series C
Latest stage · inferred · Fri Jul 21 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Redona Therapeutics, Inc. looks under-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.

Under-valued
  • Modeled value is 0.15× the median modeled value of Series C Biotechnology companies in 2022–2024 (111 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

Redona Therapeutics, Inc. is one of 4293 Biotechnology companies tracked from WATERTOWN. By capital raised it ranks in the upper tier (ahead of 86% 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
8
Investors (latest)
2023-07-21
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$1.3B$2.5B$3.8B$5.0BSeries C · 2018-08-22 Raised $61M (real) Modeled valuation $2.5B (est)$61M$2.5BSeries C2018Series B · 2018-08-22 Raised $25M (real) Modeled valuation $995M (est)$25M$995MSeries B2018Series C · 2018-08-22 Raised $61M (real) Modeled valuation $2.5B (est)$61M$2.5BSeries C2018Series C · 2023-07-21 Raised $6.0M (real) Modeled valuation $76M (est)$6.0M$76MSeries C2023+$25M+$61M+$6.0MCumulative $153M

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 C$60.8M · 2018
Bridge · Series C-stage$25.1M · 2018smaller follow-on
Series C extension$60.8M · 2018
Series C extension$6.0M · 2023

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
$76.2M
Base estimate est.
$18.4M
Conservative case
$131.9M
Upside case
$39.7M
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 C · modeled $2.5B · 2018-08-222018Series B · modeled $995.0M · 2018-08-22Series C · modeled $2.5B · 2018-08-22Series C · modeled $76.2M · 2023-07-212023
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
3.0 yr
Elapsed time used
3.0 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$13.6M/yr
Capital velocity
7.9 yr
On record since
2018
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) 9.3× above median
This company$66.8M
Sector median$7.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.1× of median
This company$6.0M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 1.2× above median
This company$76.2M
Sector median$64.2M

Raised more than 86% of sector peers (real $). Modeled value above 53% 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 #99 of 111.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Dianthus Therapeutics, Inc. · Series C Raised $121.5M · modeled $2.1B (est)Satellite Biosciences, Inc. · Series C Raised $101.5M · modeled $1.8B (est)Deepcell, Inc. · Series C Raised $96.9M · modeled $1.7B (est)Ventus Therapeutics U.S., Inc. · Series C Raised $186.8M · modeled $1.6B (est)Morphic Holding, Inc. · Series C Raised $200.6M · modeled $1.5B (est)Genleap Ai Inc. · Series C Raised $100.0M · modeled $1.5B (est)Dren Bio, Inc. · Series C Raised $93.1M · modeled $1.3B (est)Lenz Therapeutics, Inc. · Series C Raised $136.2M · modeled $1.2B (est)eyeBrain Medical, Inc. · Series C Raised $126.3M · modeled $1.2B (est)A2 Biotherapeutics, Inc. · Series C Raised $143.1M · modeled $1.2B (est)Invetx, Inc. · Series C Raised $70.7M · modeled $1.2B (est)Hexagon Bio Inc. · Series C Raised $148.6M · modeled $1.2B (est)Redona Therapeutics, Inc. (this company) Raised $66.8M · modeled $76.2M (est)Redona Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Dianthus Therapeutics, Inc.Series C$121.5M$2.1B4.22×
Satellite Biosciences, Inc.Series C$101.5M$1.8B3.63×
Deepcell, Inc.Series C$96.9M$1.7B3.38×
Ventus Therapeutics U.S., Inc.Series C$186.8M$1.6B3.14×
Morphic Holding, Inc.Series C$200.6M$1.5B3.04×
Genleap Ai Inc.Series C$100.0M$1.5B3.00×
Dren Bio, Inc.Series C$93.1M$1.3B2.70×
Lenz Therapeutics, Inc.Series C$136.2M$1.2B2.49×
eyeBrain Medical, Inc.Series C$126.3M$1.2B2.45×
A2 Biotherapeutics, Inc.Series C$143.1M$1.2B2.42×
Invetx, Inc.Series C$70.7M$1.2B2.36×
Hexagon Bio Inc.Series C$148.6M$1.2B2.36×
Redona Therapeutics, Inc. this companySeries C$66.8M$76.2M0.15×
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 C$60.8M2018-08-22$405.5M$2.5B90%
Series B$25.1M2018-08-22$139.3M$995.0M90%
Series C$60.8M2018-08-22$405.5M$2.5B90%
Series C$6.0M2023-07-21$39.7M$76.2M90%
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 C$60.8M2018-08-22
    • First recorded raise — entered as Series C.
    • 11 investors on this round.
  2. Series B$25.1M2018-08-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  3. Series C$60.8M2018-08-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× larger than the prior — scaling up.
    • 11 investors on this round.
  4. Series C$6.0M2023-07-21
    • Raised again after 59 mo — slower than the ~14 mo sector norm.
    • Round 10.2× smaller than the prior — bridge or down round.
    • 8 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~20mo cadence
$6.0M
Modeled next size est.range $6.0M$9.5M
0.1×
Last step-up
$13.6M/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
Luke Evnin11 other2018-08
Briggs Morrison7 other2018-08
Michal Silverberg6 other2018-08
Kazumi Shiosaki3 other2018-08
Marian Nakada3 other2018-08
Christine Brennan2 other2018-08
Carolyn Ng1 other2018-08
Henrijette Richter1 other2018-08
Registry & provenance

Redona Therapeutics, 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
1751998
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
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Maverick Therapeutics Inc.BiotechnologySeries C$56.0M$2.3Bnetwork1 shared operator · same sector · same stage
CARISMA Therapeutics Inc.BiotechnologySeries C$95.0M$1.3Bnetwork1 shared operator · same sector · same stage
FORE US Bio Inc.BiotechnologySeries C$99.5M$243.5Mnetwork1 shared operator · same sector · same stage
Adicet Bio, Inc.BiotechnologySeries C$116.8M$3.3Bnetwork1 shared operator · same sector · same stage
Frontier Medicines CorpBiotechnologySeries C$122.0M$2.5Bnetwork1 shared operator · same sector · same stage
Crossbow Therapeutics, Inc.BiotechnologySeries B$67.8M$128.2Mnetwork1 shared operator · same sector
Oncorus, Inc.OtherSeries C$115.1M$921.8Mnetwork2 shared operators · 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
Red Queen Therapeutics, Inc.BiotechnologySeries A$97.4M87%
Redpin Therapeutics, Inc.BiotechnologySeries A$281.5M86%
Rasna Therapeutics Inc.BiotechnologySeed$89.7M85%
Rasio Therapeutics, Inc.BiotechnologySeed$31.3M84%
Caldera Therapeutics, Inc.BiotechnologySeries B$139.2M84%
Renova Therapeutics, Inc.BiotechnologyPre-Seed$740K84%
Ribonaut Therapeutics, Inc.BiotechnologySeries A$79.7M84%
Rila Therapeutics, Inc.BiotechnologySeries A$29.2M84%
Frequently asked
How much funding has Redona Therapeutics, Inc. raised?
Redona Therapeutics, Inc. has raised approximately $66.8M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Redona Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Redona Therapeutics, Inc. is approximately $76.2M (modeled range $18.4M–$131.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Redona Therapeutics, Inc. at?
Redona Therapeutics, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Jul 21.
What does Redona Therapeutics, Inc. do and where is it based?
Redona Therapeutics, Inc. operates in the Biotechnology sector, based in WATERTOWN.
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