Companies · Biotechnology

Tune Therapeutics, Inc.

SEATTLE · Biotechnology

Diligence memoA one-page analyst read on Tune Therapeutics, Inc. — recommendation, valuation, rhythm, risks.
$182.4M
Total raised · real
1
Rounds
Latest step-up
Top 5%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Mar 09 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Tune Therapeutics, Inc. looks over-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.

Over-valued
  • Modeled value is 1.54× the median modeled value of Series D+ Biotechnology companies in 2022–2024 (75 peers) — value vs value, same stage and era.
Dormant
  • Last raise 3.3 yr ago; this sector typically re-raises about every 14 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

Tune Therapeutics, Inc. is one of 4293 Biotechnology companies tracked from SEATTLE. By capital raised it ranks among the largest (ahead of 96% 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
39
Investors (latest)
2020
Year incorporated
2023-03-09
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 D+ · 2023-03-09 Raised $182M (real) Modeled valuation $3.1B (est)$182M$3.1BSeries D+2023

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 D+$182.4M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$3.1B
Base estimate est.
$826.9M
Conservative case
$5.0B
Upside case
$1.5B
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.

Not enough modeled valuation points to chart a trajectory.

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
3.3 yr
Elapsed time used
3.3 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
3.3 yr
On record since
2023
First round
1
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) 25× above median
This company$182.4M
Sector median$7.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.5× above median
This company$182.4M
Sector median$120.0M
Modeled value — vs sector median (estimate, all stages) 48× above median
This company$3.1B
Sector median$64.2M

Raised more than 96% 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 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 #14 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) Sa · Series D+ Raised $150.0M · modeled $3.7B (est)GIO World Health (Europe) Ltd · 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)Tune Therapeutics, Inc. (this company) Raised $182.4M · modeled $3.1B (est)Tune 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) SaSeries D+$150.0M$3.7B1.84×
GIO World Health (Europe) LtdSeries 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×
Tune Therapeutics, Inc. this companySeries D+$182.4M$3.1B1.54×
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 D+$182.4M2023-03-09$1.5B$3.1B90%
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 D+$182.4M2023-03-09
    • First recorded raise — entered as Series D+.
    • 39 investors on this round.
Intelligence
Modeled next raise
$291.9M
Modeled next size est.range $189.7M$467.0M
Last step-up
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
Ali Behbahani16 other2023-03
Dan McHugh2 other2023-03
DEREK JANTZ1 other2023-03
Yuan Zhang1 other2023-03
Akira Matsuno2023-03
Blythe Sather2023-03
Charles Gersbach2023-03
John McHutchison2023-03
Zachary Hale2023-03
Registry & provenance

Tune 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
2053139
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
Arcellx, Inc.BiotechnologySeries D+$272.8M$1.8Bnetwork1 shared operator · same sector · same stage
Adaptimmune LtdBiotechnologySeries D+$103.8M$4.3Bnetwork1 shared operator · same sector · same stage
Genocea Biosciences, Inc.BiotechnologySeries C$153.6M$3.0Bnetwork1 shared operator · same sector
Precision Biosciences IncBiotechnologySeries C$153.3M$1.6Bnetwork1 shared operator · same sector
SAB Biotherapeutics, Inc.BiotechnologySeries D+$182.5M$1.4Bsame sector · same stage
Avalo Therapeutics, Inc.BiotechnologySeries D+$181.8M$1.6Bsame sector · same stage
Chinook Therapeutics U.S., Inc.BiotechnologySeries D+$180.0M$4.5Bsame sector · same stage
Camp4 Therapeutics CorpBiotechnologySeries D+$179.6M$2.2Bsame 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
Frequency Therapeutics, Inc.BiotechnologySeries C$1.7B87%
Valora Therapeutics, Inc.BiotechnologySeries A$67.8M84%
MedGene Therapeutics, Inc.BiotechnologySeed$28.8M84%
Marker Therapeutics, Inc.BiotechnologySeries B$93.5M84%
Voyager Therapeutics, Inc.BiotechnologySeries C$215.3M82%
DOSE Therapeutics, Inc.BiotechnologySeries A$149.7M82%
Navigator Medicines, Inc.BiotechnologySeries C$422.0M82%
Tasca Therapeutics CorpBiotechnologySeries C$372.7M82%
Frequently asked
How much funding has Tune Therapeutics, Inc. raised?
Tune Therapeutics, Inc. has raised approximately $182.4M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Tune Therapeutics, Inc.'s estimated valuation?
Provath's modeled valuation for Tune Therapeutics, Inc. is approximately $3.1B (modeled range $826.9M–$5.0B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tune Therapeutics, Inc. at?
Tune Therapeutics, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Mar 09.
What does Tune Therapeutics, Inc. do and where is it based?
Tune Therapeutics, Inc. operates in the Biotechnology sector, based in SEATTLE.
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