Companies · Pharmaceuticals

Tango Therapeutics, Inc.

BOSTON · Pharmaceuticals

Diligence memoA one-page analyst read on Tango Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$95.0M
Total raised · real
2
Rounds
0.2×
Latest step-up
Top 11%
Sector rank · raised
Series C
Latest stage · inferred · Fri Oct 24 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Tango Therapeutics, Inc. looks under-valued against its niche peers and is active 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.

Under-valued
  • Modeled value is 0.55× the median modeled value of Series C Pharmaceuticals companies in 2025–2027 (26 peers) — value vs value, same stage and era.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Tango Therapeutics, Inc. is one of 1613 Pharmaceuticals companies tracked from BOSTON. By capital raised it ranks among the largest (ahead of 90% 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
1
Investors (latest)
2025-10-24
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$250M$500M$750M$1.0BSeries C · 2023-08-11 Raised $80M (real) Modeled valuation $954M (est)$80M$954MSeries C2023Series C · 2025-10-24 Raised $15M (real) Modeled valuation $83M (est)$15M$83MSeries C2025+$15MCumulative $95M

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$80.0M · 2023
Series C extension$15.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 20%.

Modeled valuation trajectory
$83.2M
Base estimate est.
$48.7M
Conservative case
$105.5M
Upside case
$100.0M
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 C · modeled $953.9M · 2023-08-112023Series C · modeled $83.2M · 2025-10-242025
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
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
26 mo
Avg between rounds
$43.1M/yr
Capital velocity
2.9 yr
On record since
2023
First round
2
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) 12× above median
This company$95.0M
Sector median$8.1M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.3× of median
This company$15.0M
Sector median$46.4M
Modeled value — vs sector median (estimate, all stages) 1.1× above median
This company$83.2M
Sector median$76.1M

Raised more than 90% of sector peers (real $). Modeled value above 51% 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 #20 of 26.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)BlossomHill Therapeutics, Inc. · Series C Raised $245.8M · modeled $452.7M (est)Rivus Pharmaceuticals, Inc. · Series C Raised $223.5M · modeled $416.3M (est)Sparrow Pharmaceuticals, Inc. · Series C Raised $73.3M · modeled $386.6M (est)Arthrosi Therapeutics, Inc. · Series C Raised $132.9M · modeled $385.6M (est)Altesa BioSciences, Inc. · Series C Raised $110.0M · modeled $373.9M (est)Mirum Pharmaceuticals, Inc. · Series C Raised $138.5M · modeled $348.3M (est)Eyenovia, Inc. · Series C Raised $66.0M · modeled $312.6M (est)Alveus Therapeutics, Inc. · Series C Raised $56.9M · modeled $298.1M (est)Aeovian Pharmaceuticals, Inc. · Series C Raised $125.0M · modeled $297.8M (est)Curevo, Inc. · Series C Raised $110.0M · modeled $293.2M (est)Neuropathix, Inc. · Series C Raised $51.3M · modeled $271.0M (est)Verrica Pharmaceuticals Inc. · Series C Raised $77.5M · modeled $269.0M (est)Tango Therapeutics, Inc. (this company) Raised $95.0M · modeled $83.2M (est)Tango Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
BlossomHill Therapeutics, Inc.Series C$245.8M$452.7M3.02×
Rivus Pharmaceuticals, Inc.Series C$223.5M$416.3M2.78×
Sparrow Pharmaceuticals, Inc.Series C$73.3M$386.6M2.58×
Arthrosi Therapeutics, Inc.Series C$132.9M$385.6M2.57×
Altesa BioSciences, Inc.Series C$110.0M$373.9M2.49×
Mirum Pharmaceuticals, Inc.Series C$138.5M$348.3M2.32×
Eyenovia, Inc.Series C$66.0M$312.6M2.08×
Alveus Therapeutics, Inc.Series C$56.9M$298.1M1.99×
Aeovian Pharmaceuticals, Inc.Series C$125.0M$297.8M1.99×
Curevo, Inc.Series C$110.0M$293.2M1.96×
Neuropathix, Inc.Series C$51.3M$271.0M1.81×
Verrica Pharmaceuticals Inc.Series C$77.5M$269.0M1.79×
Tango Therapeutics, Inc. this companySeries C$95.0M$83.2M0.55×
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$80.0M2023-08-11$533.4M$953.9M90%
Series C$15.0M2025-10-24$100.0M$83.2M90%
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$80.0M2023-08-11
    • First recorded raise — entered as Series C.
    • 17 investors on this round.
  2. Series C$15.0M2025-10-24
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round 5.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2028 ~Q1
Modeled next raise · ~26mo cadence
$15.0M
Modeled next size est.range $15.0M$24.0M
0.2×
Last step-up
$43.1M/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
Alexis Borisy5 other2023-08
Daniella Beckman1 other2023-08
Lesley Ann Calhoun1 other2023-08
Aaron Ann Davis2023-08
Adam Crystal2023-08
Alan Huang2023-08
Barbara Weber2023-08
Douglas Barry2023-08
John Ann Ketchum2025-10
Kanishka Ann Pothula2025-10
Mace Ann Rothenberg2023-08
Malte Ann Peters2023-08
Reid Ann Huber2023-08
Registry & provenance

Tango 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
1819133
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
Pelthos Therapeutics Inc.PharmaceuticalsSeries C$98.8M$98.6Msame sector · same stage
Cortexyme, Inc.PharmaceuticalsSeries C$111.5M$72.0Msame sector · same stage
Allena Pharmaceuticals, Inc.PharmaceuticalsSeries C$80.5M$75.1Msame sector · same stage
QurAlis CorpPharmaceuticalsSeries C$118.2M$117.6Msame sector · same stage
Corner Therapeutics, Inc.PharmaceuticalsSeries C$75.3M$95.4Msame sector · same stage
RedHill Biopharma Ltd.PharmaceuticalsSeries C$72.5M$101.7Msame sector · same stage
Osteal Therapeutics, Inc.PharmaceuticalsSeries C$127.5M$87.1Msame sector · same stage
Marina Biotech, Inc.PharmaceuticalsSeries C$69.2M$113.7Msame 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
Manistee Therapeutics, Inc.PharmaSeries A$185.3M82%
Beam Therapeutics Inc.PharmaceuticalsSeries D+$4.8B82%
Relay Therapeutics, Inc.PharmaceuticalsSeries B$253.2M82%
Aptevo Therapeutics Inc.PharmaceuticalsSeed$6.7M82%
Corner Therapeutics, Inc.PharmaceuticalsSeries C$95.4M81%
Bridge Therapeutics, Inc.PharmaceuticalsSeed$2.2M81%
Tiburio Therapeutics Inc.PharmaceuticalsSeries A$154.9M80%
Marius Pharmaceuticals, LLCPharmaceuticalsSeries B$129.4M80%
Frequently asked
How much funding has Tango Therapeutics, Inc. raised?
Tango Therapeutics, Inc. has raised approximately $95.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Tango Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Tango Therapeutics, Inc. is approximately $83.2M (modeled range $48.7M–$105.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tango Therapeutics, Inc. at?
Tango Therapeutics, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Oct 24.
What does Tango Therapeutics, Inc. do and where is it based?
Tango Therapeutics, Inc. operates in the Pharmaceuticals sector, based in BOSTON.
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