Companies · Pharmaceuticals

Sage Therapeutics, Inc.

CAMBRIDGE · Pharmaceuticals

Diligence memoA one-page analyst read on Sage Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$698.0M
Total raised · real
3
Rounds
17.1×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Thu Dec 31 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Sage Therapeutics, Inc. has raised $698M over 3 rounds; too few niche peers to rank its valuation yet.

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.

Dormant
  • Last raise 5.5 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal 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

Sage Therapeutics, Inc. is one of 1610 Pharmaceuticals companies tracked from CAMBRIDGE. By capital raised it ranks among the largest (ahead of 100% 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
1
Investors (latest)
2020-12-31
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$12.5B$25.0B$37.5B$50.0BSeries A · 2014-01-07 Raised $10M (real) Modeled valuation $310M (est)$10M$310MSeries A2014Series B · 2014-03-11 Raised $38M (real) Modeled valuation $1.3B (est)$38M$1.3BSeries B2014Growth/Late · 2020-12-31 Raised $650M (real) Modeled valuation $20.7B (est)$650M$20.7BGrowth/Late2020+$38M+$650MCumulative $698M

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$10.0M · 2014
Series B$38.0M · 2014
Growth/Late$650.0M · 2020no Series C / Series D+ on file

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 43%.

Modeled valuation trajectory
$20.7B
Base estimate est.
$4.3B
Conservative case
$35.7B
Upside case
$6.5B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Series A · modeled $309.7M · 2014-01-072014Series B · modeled $1.3B · 2014-03-11Growth/Late · modeled $20.7B · 2020-12-312020
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
66% low · 82% high
1.30×/yr
Annual markup
1.42×/yr upside case
5.5 yr
Elapsed time used
5.5 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
42 mo
Avg between rounds
$100.0M/yr
Capital velocity
12.5 yr
On record since
2014
First round
3
Rounds on file
How it compares to the market

Benchmarked against 1610 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) 86× above median
This company$698.0M
Sector median$8.1M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 1.2× above median
This company$650.0M
Sector median$549.3M
Modeled value — vs sector median (estimate, all stages) 272× above median
This company$20.7B
Sector median$76.1M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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 companyCohort peer
$10.0B$100.0B$100.0M$1.0BCapital raised (log)Catalent, Inc. · Growth/Late Raised $650.0M · modeled $23.6B (est)Lyell Immunopharma, Inc. · Growth/Late Raised $493.0M · modeled $17.9B (est)Sage Therapeutics, Inc. (this company) Raised $698.0M · modeled $20.7B (est)Sage Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Catalent, Inc.Growth/Late$650.0M$23.6B1.14×
Sage Therapeutics, Inc. this companyGrowth/Late$698.0M$20.7B1.00×
Lyell Immunopharma, Inc.Growth/Late$493.0M$17.9B0.87×
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$10.0M2014-01-07$45.5M$309.7M85%
Series B$38.0M2014-03-11$211.1M$1.3B85%
Growth/Late$650.0M2020-12-31$6.5B$20.7B90%
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$10.0M2014-01-07
    • First recorded raise — entered as Series A.
    • 3 investors on this round.
  2. Series B$38.0M2014-03-11
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 15 investors on this round.
  3. Growth/Late$650.0M2020-12-31
    • Raised again after 82 mo — slower than the ~13 mo sector norm.
    • Round 17.1× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~42mo cadence
$1.9B
Modeled next size est.range $1.3B$3.1B
17.1×
Last step-up
$100.0M/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 T. Nelsen4 other2014-01
Barry Greene2 other2020-12
Michael F. Cola2 other2020-12
Jeffrey M. Jonas1 other2020-12
Albert J. Robichaud2020-12
Anne Marie Cook2020-12
Elizabeth F. Barrett2020-12
Geno F. Germano2020-12
George F. Golumbeski2020-12
James F. Frates2020-12
Jeffery M. Jonas2014-01
Kevin P. Starr2020-12
Kevin T. Starr2014-01
Kimi Iguchi2020-12
Kimi M. Iguchi2014-01
Michael Cloonan2020-12
Stephen J. Kanes2020-12
Steven F. Paul2020-12
Steven T. Paul2014-01
Registry & provenance

Sage 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
1597553
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
Moderna LLCPharmaceuticalsGrowth/Late$691.1M$16.2Bsame sector · same stage
Catalent, Inc.PharmaceuticalsGrowth/Late$650.0M$23.6Bsame sector · same stage
Salix Pharmaceuticals LtdPharmaceuticalsGrowth/Late$750.0M$27.3Bsame sector · same stage
Par Health, Inc.PharmaceuticalsGrowth/Late$763.0M$6.8Bsame sector · same stage
Bicycle Therapeutics PlcPharmaceuticalsGrowth/Late$555.5M$7.3Bsame sector · same stage
Nektar TherapeuticsPharmaceuticalsGrowth/Late$880.0M$416.7Msame sector · same stage
Akcea Therapeutics, Inc.PharmaceuticalsGrowth/Late$543.2M$19.7Bsame sector · same stage
Watson Pharmaceuticals IncPharmaceuticalsGrowth/Late$500.0M$18.2Bsame 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
ACEA Therapeutics, Inc.PharmaceuticalsSeries B$612.1M82%
Providence Therapeutics Inc.PharmaceuticalsSeed$132.2M82%
Pear Therapeutics, Inc.PharmaSeries D+$4.1B81%
Branch Therapeutics, Inc.PharmaceuticalsSeed$12.3M81%
Ally Therapeutics, Inc.PharmaceuticalsSeries A$309.7M81%
Salarius Pharmaceuticals, LLCPharmaceuticalsPre-Seed$36.7M80%
Beam Therapeutics Inc.PharmaceuticalsSeries D+$4.8B80%
Cerebral Therapeutics, Inc.PharmaceuticalsSeries B$680.1M80%
Frequently asked
How much funding has Sage Therapeutics, Inc. raised?
Sage Therapeutics, Inc. has raised approximately $698.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Sage Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Sage Therapeutics, Inc. is approximately $20.7B (modeled range $4.3B–$35.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sage Therapeutics, Inc. at?
Sage Therapeutics, Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Thu Dec 31.
What does Sage Therapeutics, Inc. do and where is it based?
Sage Therapeutics, Inc. operates in the Pharmaceuticals sector, based in CAMBRIDGE.
Explore related

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