Companies · Biotechnology

Summit Therapeutics Inc.

Miami · Biotechnology

Diligence memoA one-page analyst read on Summit Therapeutics Inc. — recommendation, valuation, rhythm, risks.
$569.0M
Total raised · real
6
Rounds
1.2×
Latest step-up
Top 1%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Sep 11 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Summit Therapeutics 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 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 1.20× the median modeled value of Series D+ Biotechnology companies in 2022–2024 (75 peers) — value vs value, same stage and era.
  • Within the normal band (120% of peer median) for its niche.
Quiet
  • Last raise 22 mo ago; this sector typically re-raises about every 14 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 Biotechnology

Summit Therapeutics Inc. is one of 4291 Biotechnology companies tracked from Miami. 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
17
Investors (latest)
2020
Year incorporated
2024-09-11
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 · 2014-03-04 Raised $12M (real) Modeled valuation $421M (est)$12M$421MSeries A2014Series B · 2019-01-09 Raised $25M (real) Modeled valuation $992M (est)$25M$992MSeries B2019Series C · 2019-12-24 Raised $47M (real) Modeled valuation $1.9B (est)$47M$1.9BSeries C2019Series C · 2020-11-06 Raised $50M (real) Modeled valuation $1.8B (est)$50M$1.8BSeries C2020Series D+ · 2024-06-03 Raised $200M (real) Modeled valuation $2.3B (est)$200M$2.3BSeries D+2024Series D+ · 2024-09-11 Raised $235M (real) Modeled valuation $2.4B (est)$235M$2.4BSeries D+2024+$25M+$47M+$50M+$200M+$235MCumulative $569M

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$11.6M · 2014
Series B$25.0M · 2019
Series C$47.4M · 2019
Series C extension$50.0M · 2020
Series D+$200.0M · 2024
Series D+ extension$235.0M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$2.4B
Base estimate est.
$1.1B
Conservative case
$3.3B
Upside case
$2.0B
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 $420.9M · 2014-03-042014Series B · modeled $992.2M · 2019-01-09Series C · modeled $1.9B · 2019-12-24Series C · modeled $1.8B · 2020-11-06Series D+ · modeled $2.3B · 2024-06-03Series D+ · modeled $2.4B · 2024-09-112024
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
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
25 mo
Avg between rounds
$54.1M/yr
Capital velocity
12.3 yr
On record since
2014
First round
6
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) 79× above median
This company$569.0M
Sector median$7.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 2.0× above median
This company$235.0M
Sector median$120.0M
Modeled value — vs sector median (estimate, all stages) 38× above median
This company$2.4B
Sector median$64.2M

Raised more than 100% of sector peers (real $). Modeled value above 96% 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 #26 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)RayzeBio, Inc. · Series D+ Raised $396.4M · 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)Summit Therapeutics Inc. (this company) Raised $569.0M · modeled $2.4B (est)Summit Therapeutics 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.Series 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×
Summit Therapeutics Inc. this companySeries D+$569.0M$2.4B1.20×
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$11.6M2014-03-04$52.9M$420.9M85%
Series B$25.0M2019-01-09$138.9M$992.2M90%
Series C$47.4M2019-12-24$316.0M$1.9B90%
Series C$50.0M2020-11-06$333.3M$1.8B90%
Series D+$200.0M2024-06-03$1.7B$2.3B90%
Series D+$235.0M2024-09-11$2.0B$2.4B90%
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$11.6M2014-03-04
    • First recorded raise — entered as Series A.
    • 13 investors on this round.
  2. Series B$25.0M2019-01-09
    • Raised again after 58 mo — slower than the ~14 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 1 investor on this round.
  3. Series C$47.4M2019-12-24
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 1 investor on this round.
  4. Series C$50.0M2020-11-06
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  5. Series D+$200.0M2024-06-03
    • Raised again after 43 mo — slower than the ~14 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
    • 2 investors on this round.
  6. Series D+$235.0M2024-09-11
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 17 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~25mo cadence
$276.1M
Modeled next size est.range $235.0M$441.8M
1.2×
Last step-up
$54.1M/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
Jeff Huber74 other2024-09
Mostafa Ronaghi7 other2024-06
David Wurzer6 other2019-01
Jim Mellon3 other2014-03
Robert Booth3 other2024-06
David Roblin2 other2019-01
Kenneth Clark2 other2024-06
Mahkam Zanganeh2 other2020-11
Raymond Spencer2 other2014-03
Robert Duggan2 other2020-11
Barry Price1 other2014-03
Leopoldo Zambeletti1 other2019-01
Manmeet Soni1 other2020-11
Alessandra Cesano2024-06
Camilla Johnathan Graham2020-11
Daniel W. Elger2019-12
David Johnathan Powell2020-11
Elaine W. Stracker2019-12
Frank Armstrong2014-03
Glyn Edwards2014-03
Houbiers Paul Jos2020-11
Manmeet W. Soni2019-12
Michael Paul Donaldson2020-11
Rainer Erdtmann2020-11
Registry & provenance

Summit 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
1599298
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
Pulse Biosciences, Inc.BiotechnologySeries C$93.0M$1.4Bnetwork4 shared operators · same sector
Medable Inc.Other Health CareSeries D+$501.0M$5.4Bnetwork2 shared operators · same stage
Relation Therapeutics Inc.BiotechnologySeries C$116.4M$189.7Mnetwork2 shared operators · same sector
Cellanome, Inc.BiotechnologySeries D+$213.7M$2.0Bnetwork1 shared operator · same sector · same stage
Arsenal Biosciences, Inc.BiotechnologySeries D+$579.2M$3.5Bsame sector · same stage
Odyssey Therapeutics, Inc.BiotechnologySeries D+$590.9M$1.7Bsame sector · same stage
Immunic, Inc.BiotechnologySeries D+$514.4M$1.3Bsame sector · same stage
Gossamer Bio, Inc.BiotechnologySeries D+$632.6M$3.2Bsame 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
Summit Biolabs, Inc.BiotechnologyPre-Seed$11.9M88%
Perspective Therapeutics, Inc.BiotechnologySeries C$881.9M87%
Coordination Pharmaceuticals Inc.BiotechnologySeries B$432.8M87%
Compass Therapeutics LLCBiotechnologySeries D+$900.7M87%
Summit Street Medical LLCBiotechnologySeed$82.6M86%
Capstan Therapeutics, Inc.BiotechnologySeries C$881.9M85%
Lattice Therapeutics, Inc.BiotechnologyPre-Seed$5.1M85%
Genesis Therapeutics, Inc.BiotechnologySeries D+$3.3B85%
Frequently asked
How much funding has Summit Therapeutics Inc. raised?
Summit Therapeutics Inc. has raised approximately $569.0M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Summit Therapeutics Inc.'s estimated valuation?
Provath's modeled valuation for Summit Therapeutics Inc. is approximately $2.4B (modeled range $1.1B–$3.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Summit Therapeutics Inc. at?
Summit Therapeutics Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Sep 11.
What does Summit Therapeutics Inc. do and where is it based?
Summit Therapeutics Inc. operates in the Biotechnology sector, based in Miami.
Explore related

See where Summit Therapeutics 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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