Candid Therapeutics

Drug Discovery · San Diego, CA · Founded 2024 · Privately Held (backing)

Operator of a biotechnology research designed to create novel, easy-to-administer therapies for autoimmune diseases. Candid Therapeutics is based in San Diego, CA and was founded in 2024. It was valued at $657 million at its Series B in Aug 2024, the last priced event on record. It has raised $445 million across 1 recorded round; the latest was a $370 million Series B in Aug 2024.

PMV mark · valuation
$657.0M
Oct 2026
Priced at
its Series B
Aug 2024
Total raised
$445.0M
Last round
Early Stage VC (Series B)
Aug 2024
What is Candid Therapeutics worth?
$657.0MPrivateMarketView mark · Oct 2026

Valued at $657.0M at its Series B, Aug 2024. Nothing has traded since.

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The prices on Candid Therapeutics
  • ·36 fund marks: filer, period, implied $/share
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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Candid Therapeutics funding history

1 rounds
DateRoundRaisedPost-money
Aug 2024Early Stage VC (Series B)$370.0M▮
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Candid Therapeutics valuation

Candid Therapeutics was valued at $657 million at its Series B in Aug 2024. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

Recent activity

In the last 90 days, Candid Therapeutics's record added 8 institutional fund marks (latest period Jul 2026).

How much has Candid Therapeutics raised?

Candid Therapeutics has raised $445 million across 1 recorded round since 2024. The largest was a $370 million Series B in Aug 2024.

Candid Therapeutics has filed 1 Form D with the SEC, most recently in Sep 2024 ($206 million sold to 33 investors).

Institutional holders and vehicles

3 SEC-registered funds reported 36 fair-value marks on Candid Therapeutics between Apr 2025 and Jul 2026, in their N-PORT filings. Filer-level marks and implied per-share values are available to Pro members.

Comparable companies

Comparable drug discovery names by valuation on PrivateMarketView: Abcuro ($700 million), Kardigan ($646 million) and VeraDermics (NYS: MANE) ($596 million).

How Candid Therapeutics's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Candid Therapeutics, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Candid Therapeutics

What is Candid Therapeutics worth?
Candid Therapeutics is valued at $657.0M as of Oct 2026. Valued at $657.0M at its Series B, Aug 2024. Nothing has traded since.
How much has Candid Therapeutics raised?
Candid Therapeutics has raised $445.0M in total funding across 1 recorded rounds.
When did Candid Therapeutics last raise?
Candid Therapeutics last raised in Aug 2024 (Early Stage VC (Series B)), raising $370.0M.