Companies · Biotechnology

Zura Bio Ltd

Henderson · Biotechnology

Diligence memoA one-page analyst read on Zura Bio Ltd — recommendation, valuation, rhythm, risks.
$128.4M
Total raised · real
2
Rounds
7.1×
Latest step-up
Top 8%
Sector rank · raised
Series D+
Latest stage · inferred · Mon Apr 22 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Zura Bio Ltd looks under-valued against its niche peers and is quiet 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 0.65× the median modeled value of Series D+ Biotechnology companies in 2022–2024 (75 peers) — value vs value, same stage and era.
Quiet
  • Last raise 2.2 yr ago; this sector typically re-raises about every 14 months.
  • Slightly overdue versus sector 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

Zura Bio Ltd is one of 4293 Biotechnology companies tracked from Henderson. By capital raised it ranks among the largest (ahead of 93% 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
Rule 506(b)
Reg D exemption
19
Investors (latest)
2021
Year incorporated
2024-04-22
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$500M$1.0B$1.5B$2.0BSeries B · 2023-05-01 Raised $16M (real) Modeled valuation $188M (est)$16M$188MSeries B2023Series D+ · 2024-04-22 Raised $112M (real) Modeled valuation $1.3B (est)$112M$1.3BSeries D+2024+$112MCumulative $128M

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$15.9M · 2023
Series D+$112.5M · 2024no Series C on file

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$1.3B
Base estimate est.
$510.0M
Conservative case
$1.9B
Upside case
$937.5M
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.

Series B · modeled $187.8M · 2023-05-012023Series D+ · modeled $1.3B · 2024-04-222024
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
2.2 yr
Elapsed time used
2.2 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$131.4M/yr
Capital velocity
3.2 yr
On record since
2023
First round
2
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) 18× above median
This company$128.4M
Sector median$7.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.9× of median
This company$112.5M
Sector median$120.0M
Modeled value — vs sector median (estimate, all stages) 21× above median
This company$1.3B
Sector median$64.2M

Raised more than 93% of sector peers (real $). Modeled value above 92% 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 #56 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)Zura Bio Ltd (this company) Raised $128.4M · modeled $1.3B (est)Zura Bio Ltd
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×
Zura Bio Ltd this companySeries D+$128.4M$1.3B0.65×
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$15.9M2023-05-01$88.5M$187.8M90%
Series D+$112.5M2024-04-22$937.5M$1.3B90%
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$15.9M2023-05-01
    • First recorded raise — entered as Series B.
    • 21 investors on this round.
  2. Series D+$112.5M2024-04-22
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round 7.1× larger than the prior — scaling up.
    • 19 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~12mo cadence
$337.5M
Modeled next size est.range $219.4M$540.0M
7.1×
Last step-up
$131.4M/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
Amit Munshi4 other2023-05
Michael Howell2 other2023-05
Kim Davis1 other2023-05
Sandeep Kulkarni1 other2023-05
Steven Schoch1 other2023-05
Arnout Ploos Van Amstel2024-04
Christopher Cabell2023-05
Garry Neil2023-05
Gary Whale2023-05
Jennifer Jarrett2023-05
Kiran Nistala2024-04
Neil Graham2023-05
Parvinder Thiara2024-04
Robert Lisicki2024-04
Someit Sidhu2023-05
Verender Badial2023-05
Registry & provenance

Zura Bio Ltd 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
1855644
SEC CIK
2021
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
Zephyr AI, Inc.BiotechnologySeries D+$129.7M$1.5Bsame sector · same stage
Organogenesis Holdings Inc.BiotechnologySeries D+$130.0M$1.3Bsame sector · same stage
Compass Therapeutics LLCBiotechnologySeries D+$132.6M$900.7Msame sector · same stage
Electra Therapeutics, Inc.BiotechnologySeries D+$134.2M$962.3Msame sector · same stage
Solstice Oncology, Inc.BiotechnologySeries D+$121.3M$774.4Msame sector · same stage
Veronica Holdings, LLCBiotechnologySeries D+$142.3M$1.5Bsame sector · same stage
Iliad Biotechnologies, Inc.BiotechnologySeries D+$115.5M$747.9Msame sector · same stage
Elektrofi, Inc.BiotechnologySeries D+$154.8M$1.2Bsame 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
Dahlia Biosciences, Inc.BiotechnologyPre-Seed$17.4M87%
Pana Bio, Inc.BiotechnologyPre-Seed$4.9M87%
Vala Sciences Inc.BiotechnologySeed$88.7M87%
BioROSA Technologies IncBiotechnologySeed$8.9M86%
Aleta Biotherapeutics, Inc.BiotechnologySeries A$306.8M86%
Prisma Imaging, Inc.BiotechnologyPre-Seed$11.1M86%
Avantia Labs Inc.BiotechnologySeed$11.8M86%
Mitera Biosciences Inc.BiotechnologySeed$9.4M86%
Frequently asked
How much funding has Zura Bio Ltd raised?
Zura Bio Ltd has raised approximately $128.4M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Zura Bio Ltd's estimated valuation?
Provath's modeled valuation for Zura Bio Ltd is approximately $1.3B (modeled range $510.0M–$1.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Zura Bio Ltd at?
Zura Bio Ltd's latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon Apr 22.
What does Zura Bio Ltd do and where is it based?
Zura Bio Ltd operates in the Biotechnology sector, based in Henderson.
Explore related

See where Zura Bio Ltd sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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