Companies · Biotechnology

Tengion Inc

WINSTON-SALEM · Biotechnology

Diligence memoA one-page analyst read on Tengion Inc — recommendation, valuation, rhythm, risks.
$121.7M
Total raised · real
4
Rounds
5.0×
Latest step-up
Top 9%
Sector rank · raised
Series C
Latest stage · inferred · Fri Jun 28 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Tengion Inc looks fair 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.

Fair
  • Modeled value is 1.34× the median modeled value of Series C Biotechnology companies in 2013–2015 (41 peers) — value vs value, same stage and era.
  • Within the normal band (134% of peer median) for its niche.
Dormant
  • Last raise 13.0 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

Tengion Inc is one of 4293 Biotechnology companies tracked from WINSTON-SALEM. By capital raised it ranks among the largest (ahead of 92% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
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 B · 2011-03-01 Raised $31M (real) Modeled valuation $1.2B (est)$31M$1.2BSeries B2011Series B · 2012-09-07 Raised $1.0M (real) Modeled valuation $40M (est)$1.0M$40MSeries B2012Series B · 2012-10-02 Raised $15M (real) Modeled valuation $596M (est)$15M$596MSeries B2012Series C · 2013-06-28 Raised $74M (real) Modeled valuation $3.0B (est)$74M$3.0BSeries C2013+$1.0M+$15M+$74MCumulative $122M

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$31.4M · 2011
Series B extension$1.0M · 2012
Series B extension$15.0M · 2012
Series C$74.3M · 2013

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
$3.0B
Base estimate est.
$229.8M
Conservative case
$8.0B
Upside case
$495.4M
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 biotech sector profile. Directional, not a quoted figure.

Series B · modeled $1.2B · 2011-03-012011Series B · modeled $39.7M · 2012-09-07Series B · modeled $595.5M · 2012-10-02Series C · modeled $3.0B · 2013-06-282013
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
62%
Survival probability
46% low · 72% high
1.46×/yr
Annual markup
1.68×/yr upside case
6.0 yr
Elapsed time used
13.0 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$52.3M/yr
Capital velocity
15.3 yr
On record since
2011
First round
4
Rounds on file
How it compares to the market

Benchmarked against 4293 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) 17× above median
This company$121.7M
Sector median$7.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.6× above median
This company$74.3M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 47× above median
This company$3.0B
Sector median$64.2M

Raised more than 92% of sector peers (real $). Modeled value above 97% 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 #4 of 41.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Antigenics LLC/DE · Series C Raised $100.0M · modeled $4.1B (est)Naurex Inc. · Series C Raised $156.0M · modeled $3.3B (est)Fluidigm Corp · Series C Raised $111.0M · modeled $3.1B (est)Spark Therapeutics, Inc. · Series C Raised $72.8M · modeled $3.0B (est)X-Co Holdings, LP · Series C Raised $71.0M · modeled $2.9B (est)REGENXBIO Inc. · Series C Raised $105.9M · modeled $2.9B (est)C4 Therapeutics, Inc. · Series C Raised $70.3M · modeled $2.9B (est)Intra-Cellular Therapies, Inc. · Series C Raised $70.3M · modeled $2.9B (est)Intellia Therapeutics, Inc. · Series C Raised $70.0M · modeled $2.9B (est)Chiasma Inc · Series C Raised $150.5M · modeled $2.9B (est)AveXis, Inc. · Series C Raised $65.0M · modeled $2.7B (est)Tengion Inc (this company) Raised $121.7M · modeled $3.0B (est)Tengion Inc
CompanyStageRaised · realValue · estvs peer med.
Antigenics LLC/DESeries C$100.0M$4.1B1.81×
Naurex Inc.Series C$156.0M$3.3B1.45×
Fluidigm CorpSeries C$111.0M$3.1B1.39×
Tengion Inc this companySeries C$121.7M$3.0B1.34×
Spark Therapeutics, Inc.Series C$72.8M$3.0B1.32×
X-Co Holdings, LPSeries C$71.0M$2.9B1.29×
REGENXBIO Inc.Series C$105.9M$2.9B1.28×
C4 Therapeutics, Inc.Series C$70.3M$2.9B1.27×
Intra-Cellular Therapies, Inc.Series C$70.3M$2.9B1.27×
Intellia Therapeutics, Inc.Series C$70.0M$2.9B1.27×
Chiasma IncSeries C$150.5M$2.9B1.26×
AveXis, Inc.Series C$65.0M$2.7B1.18×
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$31.4M2011-03-01$174.2M$1.2B90%
Series B$1.0M2012-09-07$5.6M$39.7M90%
Series B$15.0M2012-10-02$83.4M$595.5M90%
Series C$74.3M2013-06-28$495.4M$3.0B90%
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$31.4M2011-03-01
    • First recorded raise — entered as Series B.
  2. Series B$1.0M2012-09-07
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 31.4× smaller than the prior — bridge or down round.
  3. Series B$15.0M2012-10-02
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 15.0× larger than the prior — scaling up.
  4. Series C$74.3M2013-06-28
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 5.0× larger than the prior — scaling up.
Intelligence
2014 ~Q2
Modeled next raise · ~9mo cadence
$222.9M
Modeled next size est.range $144.9M$356.7M
5.0×
Last step-up
$52.3M/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
Gary J. Kurtzman5 other2011-03
John Miclot4 other2012-09
David I Scheer3 other2011-03
A. Brian Davis2 other2011-03
Brenda D Gavin2 other2011-03
John L. Miclot2 other2013-06
Lorin J Randall2 other2011-03
Steven Nichtberger2 other2011-03
David J. Scheer1 other2012-10
Timothy Bertram1 other2012-09
Carl-Johan Dalsgaard2012-09
Carl-Johan D Dalsgaard2011-03
CARL-JOHAN L. DALSGAARD2013-06
Diane D. Jorkasky2012-09
DIANE L. JORKASKY2013-06
Mark Brian Stejbach2011-03
Richard D Kuntz2011-03
RICHARD E. KUNTZ2012-09
Scott D. Flora2012-09
Sunita Brian Sheth2011-03
TIM L. BERTRAM2013-06
Timothy Brian Bertram2011-03
Registry & provenance

Tengion 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
1296391
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
Cabaletta Bio, Inc.BiotechnologySeries C$88.3M$2.0Bnetwork1 shared operator · same sector · same stage
Dianthus Therapeutics, Inc.BiotechnologySeries C$121.5M$2.1Bsame sector · same stage
Frontier Medicines CorpBiotechnologySeries C$122.0M$2.5Bsame sector · same stage
Turnstone Biologics Corp.BiotechnologySeries C$122.1M$2.2Bsame sector · same stage
aTYR PHARMA INCBiotechnologySeries C$122.1M$1.9Bsame sector · same stage
Edgewise Therapeutics, Inc.BiotechnologySeries C$120.1M$3.3Bsame sector · same stage
TScan Therapeutics, Inc.BiotechnologySeries C$123.3M$3.3Bsame sector · same stage
Dicerna Pharmaceuticals IncBiotechnologySeries C$118.9M$2.5Bsame sector · same stage
Frequently asked
How much funding has Tengion Inc raised?
Tengion Inc has raised approximately $121.7M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Tengion Inc's estimated valuation?
Provath's modeled valuation for Tengion Inc is approximately $3.0B (modeled range $229.8M–$8.0B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tengion Inc at?
Tengion Inc's latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Jun 28.
What does Tengion Inc do and where is it based?
Tengion Inc operates in the Biotechnology sector, based in WINSTON-SALEM.
Explore related

See where Tengion 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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