Companies · Biotechnology

Tarsa Therapeutics, Inc.

PHILADELPHIA · Biotechnology

Diligence memoA one-page analyst read on Tarsa Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$46.8M
Total raised · real
7
Rounds
0.3×
Latest step-up
Top 20%
Sector rank · raised
Series B
Latest stage · inferred · Fri Jul 07 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Tarsa Therapeutics, Inc. looks under-valued against its niche peers and is dormant 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 0.03× the median modeled value of Series B Biotechnology companies in 2016–2018 (101 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.0 yr ago; this sector typically re-raises about every 14 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 Biotechnology

Tarsa Therapeutics, Inc. is one of 4291 Biotechnology companies tracked from PHILADELPHIA. By capital raised it ranks in the upper tier (ahead of 81% of sector peers), and in the long tail 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
3
Investors (latest)
2017-07-07
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 A · 2009-10-19 Raised $12M (real) Modeled valuation $436M (est)Series A2009Seed · 2010-09-29 Raised $3.5M (real) Modeled valuation $155M (est)Seed2010Series B · 2010-09-29 Raised $16M (real) Modeled valuation $615M (est)Series B2010Series B · 2012-03-13 Raised $14M (real) Modeled valuation $546M (est)Series B2012Series B · 2016-02-05 Raised $2.0M (real) Modeled valuation $79M (est)Series B2016Series B · 2016-06-29 Raised $1.3M (real) Modeled valuation $50M (est)Series B2016Series B · 2016-12-29 Raised $1.6M (real) Modeled valuation $65M (est)Series B2016Series B · 2017-07-07 Raised $550K (real) Modeled valuation $22M (est)Series B2017+$3.5M+$16M+$14M+$2.0M+$1.3M+$1.6M+$550KCumulative $50M

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$12.1M · 2009
Bridge · Series A-stage$3.5M · 2010smaller follow-on
Series B$15.5M · 2010
Series B extension$13.8M · 2012
Series B extension$2.0M · 2016
Series B extension$1.3M · 2016
Series B extension$1.6M · 2016
Series B extension$550K · 2017

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$21.8M
Base estimate est.
$1.1M
Conservative case
$84.0M
Upside case
$3.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Series A · modeled $435.6M · 2009-10-192009Seed · modeled $155.4M · 2010-09-29Series B · modeled $615.2M · 2010-09-29Series B · modeled $546.4M · 2012-03-13Series B · modeled $79.4M · 2016-02-05Series B · modeled $49.6M · 2016-06-29Series B · modeled $64.9M · 2016-12-29Series B · modeled $21.8M · 2017-07-072017
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
36% low · 66% high
1.54×/yr
Annual markup
1.86×/yr upside case
6.0 yr
Elapsed time used
9.0 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$6.1M/yr
Capital velocity
16.7 yr
On record since
2009
First round
8
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) 6.5× above median
This company$46.8M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.0× of median
This company$550K
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$21.8M
Sector median$64.2M

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

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #98 of 101.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Liquid BioScience, Inc. · Series B Raised $40.0M · modeled $1.6B (est)Amphivena Therapeutics, Inc. · Series B Raised $65.2M · modeled $1.5B (est)Tracon Pharmaceuticals, Inc. · Series B Raised $57.7M · modeled $1.5B (est)Tetra Discovery Partners, Inc. · Series B Raised $40.5M · modeled $1.4B (est)ECM Therapeutics, Inc. · Series B Raised $35.2M · modeled $1.4B (est)Recombinetics, Inc · Series B Raised $54.7M · modeled $1.3B (est)Mersana Therapeutics Inc · Series B Raised $93.7M · modeled $1.3B (est)Atox Bio Inc. · Series B Raised $35.1M · modeled $1.3B (est)Valeritas Holdings Inc. · Series B Raised $58.2M · modeled $1.3B (est)Obsidian Therapeutics, Inc. · Series B Raised $32.4M · modeled $1.3B (est)Cellular Biomedicine Group, Inc. · Series B Raised $40.5M · modeled $1.2B (est)Altor Bioscience Corp · Series B Raised $80.1M · modeled $1.2B (est)Tarsa Therapeutics, Inc. (this company) Raised $46.8M · modeled $21.8M (est)Tarsa Therapeutics, Inc.
CompanyStageRaised · realValue · estvs peer med.
Liquid BioScience, Inc.Series B$40.0M$1.6B2.00×
Amphivena Therapeutics, Inc.Series B$65.2M$1.5B1.93×
Tracon Pharmaceuticals, Inc.Series B$57.7M$1.5B1.93×
Tetra Discovery Partners, Inc.Series B$40.5M$1.4B1.79×
ECM Therapeutics, Inc.Series B$35.2M$1.4B1.76×
Recombinetics, IncSeries B$54.7M$1.3B1.68×
Mersana Therapeutics IncSeries B$93.7M$1.3B1.65×
Atox Bio Inc.Series B$35.1M$1.3B1.65×
Valeritas Holdings Inc.Series B$58.2M$1.3B1.65×
Obsidian Therapeutics, Inc.Series B$32.4M$1.3B1.62×
Cellular Biomedicine Group, Inc.Series B$40.5M$1.2B1.53×
Altor Bioscience CorpSeries B$80.1M$1.2B1.52×
Tarsa Therapeutics, Inc. this companySeries B$46.8M$21.8M0.03×
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$12.1M2009-10-19$54.8M$435.6M85%
Seed$3.5M2010-09-29$17.5M$155.4M85%
Series B$15.5M2010-09-29$86.1M$615.2M85%
Series B$13.8M2012-03-13$76.5M$546.4M85%
Series B$2.0M2016-02-05$11.1M$79.4M85%
Series B$1.3M2016-06-29$6.9M$49.6M85%
Series B$1.6M2016-12-29$9.1M$64.9M90%
Series B$550K2017-07-07$3.1M$21.8M90%
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 A$12.1M2009-10-19
    • First recorded raise — entered as Series A.
    • 5 investors on this round.
  2. Seed$3.5M2010-09-29
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 3.4× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  3. Series B$15.5M2010-09-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.4× larger than the prior — scaling up.
    • 7 investors on this round.
  4. Series B$13.8M2012-03-13
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  5. Series B$2.0M2016-02-05
    • Raised again after 47 mo — slower than the ~14 mo sector norm.
    • Round 6.9× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 7 investors on this round.
  6. Series B$1.3M2016-06-29
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  7. Series B$1.6M2016-12-29
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • 5 investors on this round.
  8. Series B$550K2017-07-07
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 3.0× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2018 ~Q3
Modeled next raise · ~13mo cadence
$550K
Modeled next size est.range $550K$880K
0.3×
Last step-up
$6.1M/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
Eric Bednarski6 other2009-10
James Tananbaum5 other2012-03
Lewis Geffen5 other2012-03
Martin Edwards4 other2010-09
Ashleigh Palmer3 other2010-09
Richard Levy3 other2016-12
Matthew Rieke2 other2010-09
Richard Kollender2 other2016-02
Derek Ferguson1 other2016-02
David Brand2009-10
Gregory Lumpkin2012-03
Registry & provenance

Tarsa 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
1475030
SEC CIK
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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
Tarveda Therapeutics, Inc.BiotechnologySeries B$141.7M91%
Talaris Therapeutics, Inc.BiotechnologySeries D+$4.4B88%
Alcresta Therapeutics, Inc.BiotechnologySeries C$409.6M85%
Kiniksa Pharmaceuticals, Ltd.BiotechnologySeries A$318.1M85%
Sethera Therapeutics, IncBiotechnologySeed$8.0M85%
Marea Therapeutics, Inc.BiotechnologySeries C$595.3M85%
Alamab Therapeutics Inc.BiotechnologySeries A$426.6M85%
Cidara Therapeutics, Inc.BiotechnologySeries D+$2.8B84%
Frequently asked
How much funding has Tarsa Therapeutics, Inc. raised?
Tarsa Therapeutics, Inc. has raised approximately $46.8M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Tarsa Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Tarsa Therapeutics, Inc. is approximately $21.8M (modeled range $1.1M–$84.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tarsa Therapeutics, Inc. at?
Tarsa Therapeutics, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Jul 07.
What does Tarsa Therapeutics, Inc. do and where is it based?
Tarsa Therapeutics, Inc. operates in the Biotechnology sector, based in PHILADELPHIA.
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