Companies · Pharmaceuticals

Reneo Pharmaceuticals, Inc.

BOULDER · Pharmaceuticals

Diligence memoA one-page analyst read on Reneo Pharmaceuticals, Inc. — recommendation, valuation, rhythm, risks.
$159.4M
Total raised · real
4
Rounds
1.4×
Latest step-up
Top 6%
Sector rank · raised
Series C
Latest stage · inferred · Fri Oct 04 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Reneo Pharmaceuticals, Inc. looks fair against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the pharma 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 0.90× the median modeled value of Series C Pharmaceuticals companies in 2022–2024 (30 peers) — value vs value, same stage and era.
  • Within the normal band (90% of peer median) for its niche.
Quiet
  • Last raise 21 mo ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector cadence.
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 Pharmaceuticals

Reneo Pharmaceuticals, Inc. is one of 1613 Pharmaceuticals companies tracked from BOULDER. By capital raised it ranks among the largest (ahead of 95% 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
20
Investors (latest)
2024-10-04
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 · 2017-12-22 Raised $22M (real) Modeled valuation $748M (est)$22M$748MSeries B2017Series B · 2019-05-01 Raised $25M (real) Modeled valuation $850M (est)$25M$850MSeries B2019Series C · 2020-12-09 Raised $47M (real) Modeled valuation $1.4B (est)$47M$1.4BSeries C2020Series C · 2024-10-04 Raised $65M (real) Modeled valuation $520M (est)$65M$520MSeries C2024+$25M+$47M+$65MCumulative $159M

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$22.0M · 2017
Series B extension$25.0M · 2019
Series C$47.4M · 2020
Series C extension$65.0M · 2024

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
$519.8M
Base estimate est.
$211.1M
Conservative case
$762.1M
Upside case
$433.3M
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 pharma sector profile. Directional, not a quoted figure.

Series B · modeled $747.9M · 2017-12-222017Series B · modeled $850.1M · 2019-05-01Series C · modeled $1.4B · 2020-12-09Series C · modeled $519.8M · 2024-10-042024
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
66%
Survival probability
49% low · 76% high
1.42×/yr
Annual markup
1.62×/yr upside case
1.7 yr
Elapsed time used
1.7 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
27 mo
Avg between rounds
$23.5M/yr
Capital velocity
8.5 yr
On record since
2017
First round
4
Rounds on file
How it compares to the market

Benchmarked against 1613 companies in Pharmaceuticals. 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) 20× above median
This company$159.4M
Sector median$8.1M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.4× above median
This company$65.0M
Sector median$46.4M
Modeled value — vs sector median (estimate, all stages) 6.8× above median
This company$519.8M
Sector median$76.1M

Raised more than 95% of sector peers (real $). Modeled value above 81% 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 #17 of 30.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Vigil Neuroscience, Inc. · Series C Raised $215.0M · modeled $1.3B (est)Leap Therapeutics, Inc. · Series C Raised $105.1M · modeled $1.1B (est)Alimera Sciences Inc · Series C Raised $173.8M · modeled $1.1B (est)VYNE Therapeutics Inc. · Series C Raised $139.5M · modeled $972.1M (est)Lusaris Therapeutics, Inc. · Series C Raised $60.2M · modeled $955.7M (est)Context Therapeutics Inc. · Series C Raised $100.0M · modeled $923.0M (est)Enliven Therapeutics, Inc. · Series C Raised $140.1M · modeled $867.9M (est)Tenax Therapeutics, Inc. · Series C Raised $138.4M · modeled $841.5M (est)Faraday Pharmaceuticals, Inc. · Series C Raised $115.5M · modeled $830.5M (est)OnKure, Inc. · Series C Raised $123.2M · modeled $732.5M (est)Mind Medicine (MindMed) Inc. · Series C Raised $83.2M · modeled $730.2M (est)MBX Biosciences, Inc. · Series C Raised $74.8M · modeled $724.1M (est)Reneo Pharmaceuticals, Inc. (this company) Raised $159.4M · modeled $519.8M (est)Reneo Pharmaceuticals, Inc.
CompanyStageRaised · realValue · estvs peer med.
Vigil Neuroscience, Inc.Series C$215.0M$1.3B2.19×
Leap Therapeutics, Inc.Series C$105.1M$1.1B1.94×
Alimera Sciences IncSeries C$173.8M$1.1B1.91×
VYNE Therapeutics Inc.Series C$139.5M$972.1M1.69×
Lusaris Therapeutics, Inc.Series C$60.2M$955.7M1.66×
Context Therapeutics Inc.Series C$100.0M$923.0M1.60×
Enliven Therapeutics, Inc.Series C$140.1M$867.9M1.51×
Tenax Therapeutics, Inc.Series C$138.4M$841.5M1.46×
Faraday Pharmaceuticals, Inc.Series C$115.5M$830.5M1.44×
OnKure, Inc.Series C$123.2M$732.5M1.27×
Mind Medicine (MindMed) Inc.Series C$83.2M$730.2M1.27×
MBX Biosciences, Inc.Series C$74.8M$724.1M1.26×
Reneo Pharmaceuticals, Inc. this companySeries C$159.4M$519.8M0.90×
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$22.0M2017-12-22$122.2M$747.9M90%
Series B$25.0M2019-05-01$138.9M$850.1M90%
Series C$47.4M2020-12-09$315.9M$1.4B90%
Series C$65.0M2024-10-04$433.3M$519.8M90%
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$22.0M2017-12-22
    • First recorded raise — entered as Series B.
    • 16 investors on this round.
  2. Series B$25.0M2019-05-01
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  3. Series C$47.4M2020-12-09
    • Raised again after 19 mo — slower than the ~13 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 15 investors on this round.
  4. Series C$65.0M2024-10-04
    • Raised again after 46 mo — slower than the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 20 investors on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~27mo cadence
$89.2M
Modeled next size est.range $65.0M$142.7M
1.4×
Last step-up
$23.5M/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
Ed Mathers10 other2017-12
Michael Grey9 other2017-12
Niall O'Donnell6 other2017-12
Kenneth Harrison3 other2020-12
Scott Weiner3 other2017-12
Art Pappas2 other2019-05
Bali Muralidhar2 other2020-12
Edward T. Mathers2 other2024-10
Gregory Flesher1 other2020-12
Michael G. Grey1 other2024-10
R. Michael Carruthers1 other2024-10
Stacey Seltzer1 other2020-12
Wendy Johnson1 other2017-12
Alejandro Dorenbaum, M.D.2019-05
Andrew Johm Phillips2024-10
Dylan Hartley2024-10
Isaac M. Manke2024-10
Jason Leverone2024-10
Johan Kordel, Ph.D.2019-05
Lon Cardon, Ph.D.2019-05
Mike Cruse2020-12
Niall O'Donnell, Ph.D.2019-05
Nicholas Saccomano2024-10
Samuel Agresta2024-10
Registry & provenance

Reneo Pharmaceuticals, 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
1637715
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
Mirum Pharmaceuticals, Inc.PharmaceuticalsSeries C$138.5M$348.3Mnetwork4 shared operators · same sector · same stage
Amplyx Pharmaceuticals, Inc.PharmaceuticalsSeries C$116.6M$3.2Bnetwork2 shared operators · same sector · same stage
Spruce Biosciences, Inc.BiotechnologySeries C$191.6M$274.5Mnetwork3 shared operators · same stage
OnKure, Inc.PharmaceuticalsSeries C$123.2M$732.5Mnetwork1 shared operator · same sector · same stage
Milestone Pharmaceuticals Inc.PharmaceuticalsSeries C$91.3M$2.8Bnetwork1 shared operator · same sector · same stage
Sparrow Pharmaceuticals, Inc.PharmaceuticalsSeries C$73.3M$386.6Mnetwork1 shared operator · same sector · same stage
Lumena Pharmaceuticals, Inc.PharmaceuticalsSeries C$51.4M$1.6Bnetwork1 shared operator · same sector · same stage
Curzion Pharmaceuticals, Inc.PharmaceuticalsSeed$3.5M$133.1Mnetwork2 shared operators · same sector
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
Lento Bio, IncPharmaceuticalsSeries A$42.0M87%
Valeo Pharma Inc.PharmaceuticalsPre-Seed$16.0M85%
Balto Pharmaceuticals, Inc.PharmaceuticalsSeed$14.9M82%
Vireo Health, Inc.PharmaceuticalsSeries B$547.2M81%
Pharmaceutics International, Inc.PharmaceuticalsSeries D+$124.0M81%
Solaxa Inc.PharmaceuticalsPre-Seed$1.3M81%
Revalesio CorpPharmaceuticalsSeries B$624.8M81%
Regenacy Pharmaceuticals, Inc.PharmaceuticalsSeries B$142.6M81%
Frequently asked
How much funding has Reneo Pharmaceuticals, Inc. raised?
Reneo Pharmaceuticals, Inc. has raised approximately $159.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Reneo Pharmaceuticals, Inc.'s estimated valuation?
Provath's modeled valuation for Reneo Pharmaceuticals, Inc. is approximately $519.8M (modeled range $211.1M–$762.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Reneo Pharmaceuticals, Inc. at?
Reneo Pharmaceuticals, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Oct 04.
What does Reneo Pharmaceuticals, Inc. do and where is it based?
Reneo Pharmaceuticals, Inc. operates in the Pharmaceuticals sector, based in BOULDER.
Explore related

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