Companies · Biotechnology

Two Pore Guys, Inc.

SANTA CRUZ · Biotechnology

Diligence memoA one-page analyst read on Two Pore Guys, Inc. — recommendation, valuation, rhythm, risks.
$33.2M
Total raised · real
4
Rounds
7.2×
Latest step-up
Top 25%
Sector rank · raised
Series B
Latest stage · inferred · Tue Jul 21 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Two Pore Guys, 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 1.29× the median modeled value of Series B Biotechnology companies in 2019–2021 (118 peers) — value vs value, same stage and era.
  • Within the normal band (129% of peer median) for its niche.
Dormant
  • Last raise 5.9 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

Two Pore Guys, Inc. is one of 4293 Biotechnology companies tracked from SANTA CRUZ. By capital raised it ranks in the upper tier (ahead of 76% of sector peers), and in the upper tier 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
Rule 506(b)
Reg D exemption
60
Investors (latest)
2020-07-21
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 · 2016-06-17 Raised $5.2M (real) Modeled valuation $187M (est)$5.2M$187MSeries A2016Series A · 2017-10-03 Raised $4.6M (real) Modeled valuation $168M (est)$4.6M$168MSeries A2017Series A · 2018-09-27 Raised $2.9M (real) Modeled valuation $104M (est)$2.9M$104MSeries A2018Series B · 2020-07-21 Raised $21M (real) Modeled valuation $797M (est)$21M$797MSeries B2020+$4.6M+$2.9M+$21MCumulative $33M

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$5.2M · 2016
Series A extension$4.6M · 2017
Series A extension$2.9M · 2018
Series B$20.5M · 2020

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: 50%.

Modeled valuation trajectory
$796.8M
Base estimate est.
$41.1M
Conservative case
$3.0B
Upside case
$114.1M
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 $187.4M · 2016-06-172016Series A · modeled $167.7M · 2017-10-03Series A · modeled $103.8M · 2018-09-27Series B · modeled $796.8M · 2020-07-212020
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
6.0 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$8.1M/yr
Capital velocity
10.0 yr
On record since
2016
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) 4.6× above median
This company$33.2M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.2× above median
This company$20.5M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 12× above median
This company$796.8M
Sector median$64.2M

Raised more than 76% of sector peers (real $). Modeled value above 87% 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 #30 of 118.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Pandion Therapeutics Holdco LLC · Series B Raised $40.0M · modeled $1.6B (est)Ocular Therapeutix, Inc · Series B Raised $81.0M · modeled $1.5B (est)Insilico Medicine Cayman TopCo · Series B Raised $36.8M · modeled $1.5B (est)Purigen Biosystems, Inc. · Series B Raised $61.9M · modeled $1.4B (est)Lucira Health, Inc. · Series B Raised $32.5M · modeled $1.3B (est)Peptilogics, Inc. · Series B Raised $40.9M · modeled $1.2B (est)Nanotech Energy, Inc. · Series B Raised $31.6M · modeled $1.1B (est)Windtree Therapeutics Inc /De/ · Series B Raised $104.5M · modeled $1.0B (est)Liminal BioSciences Inc. · Series B Raised $67.1M · modeled $1.0B (est)Palladio Biosciences, Inc. · Series B Raised $28.0M · modeled $1.0B (est)Faze Medicines, Inc. · Series B Raised $30.4M · modeled $999.5M (est)Inivata Ltd · Series B Raised $25.0M · modeled $992.2M (est)Two Pore Guys, Inc. (this company) Raised $33.2M · modeled $796.8M (est)Two Pore Guys, Inc.
CompanyStageRaised · realValue · estvs peer med.
Pandion Therapeutics Holdco LLCSeries B$40.0M$1.6B2.58×
Ocular Therapeutix, IncSeries B$81.0M$1.5B2.42×
Insilico Medicine Cayman TopCoSeries B$36.8M$1.5B2.37×
Purigen Biosystems, Inc.Series B$61.9M$1.4B2.22×
Lucira Health, Inc.Series B$32.5M$1.3B2.10×
Peptilogics, Inc.Series B$40.9M$1.2B1.90×
Nanotech Energy, Inc.Series B$31.6M$1.1B1.82×
Windtree Therapeutics Inc /De/Series B$104.5M$1.0B1.70×
Liminal BioSciences Inc.Series B$67.1M$1.0B1.67×
Palladio Biosciences, Inc.Series B$28.0M$1.0B1.63×
Faze Medicines, Inc.Series B$30.4M$999.5M1.62×
Inivata LtdSeries B$25.0M$992.2M1.61×
Two Pore Guys, Inc. this companySeries B$33.2M$796.8M1.29×
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$5.2M2016-06-17$23.6M$187.4M85%
Series A$4.6M2017-10-03$21.1M$167.7M90%
Series A$2.9M2018-09-27$13.0M$103.8M90%
Series B$20.5M2020-07-21$114.1M$796.8M90%
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$5.2M2016-06-17
    • First recorded raise — entered as Series A.
    • 27 investors on this round.
  2. Series A$4.6M2017-10-03
    • Raised 16 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 28 investors on this round.
  3. Series A$2.9M2018-09-27
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  4. Series B$20.5M2020-07-21
    • Raised again after 22 mo — slower than the ~14 mo sector norm.
    • Round 7.2× larger than the prior — scaling up.
    • 60 investors on this round.
Intelligence
2021 ~Q4
Modeled next raise · ~16mo cadence
$61.6M
Modeled next size est.range $40.1M$98.6M
7.2×
Last step-up
$8.1M/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
Rajesh Swaminathan5 other2020-07
Vijit Sabnis4 other2017-10
William Dunbar3 other2017-10
Daniel Heller1 other2020-07
Dan Heller2016-06
George Hara2020-07
Murielle Thinard-McLane2020-07
Registry & provenance

Two Pore Guys, 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
1556977
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
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Bio2 Technologies, Inc.BiotechnologySeries A$16.4M81%
Brickbio Inc.BiotechnologySeries A$180.8M80%
DoubleRainbow Biosciences Inc.BiotechnologySeries A$310.0M80%
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Frequently asked
How much funding has Two Pore Guys, Inc. raised?
Two Pore Guys, Inc. has raised approximately $33.2M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Two Pore Guys, Inc.'s estimated valuation?
Provath's modeled valuation for Two Pore Guys, Inc. is approximately $796.8M (modeled range $41.1M–$3.0B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Two Pore Guys, Inc. at?
Two Pore Guys, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Jul 21.
What does Two Pore Guys, Inc. do and where is it based?
Two Pore Guys, Inc. operates in the Biotechnology sector, based in SANTA CRUZ.
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