City Therapeutics

Drug Discovery · Cambridge, MA · Founded 2024 · Privately Held (backing)

Operator of a biotechnology company intended to develop innovative, precise, and effective treatments for a wide range of diseases. City Therapeutics is based in Cambridge, MA and was founded in 2024. It is valued at about $285 million as of Oct 2026, set by institutional fund marks. It has raised $140 million across 1 recorded round; the latest was a $135 million Series A in Oct 2024.

PMV mark · valuation
$285.5M
Oct 2026
Priced at
its Series A
Oct 2024
Total raised
$139.5M
Last round
Early Stage VC (Series A)
Oct 2024
What is City Therapeutics worth?
$285.5MPrivateMarketView mark · Oct 2026

Nothing comparable since the round — shown at its Series A, Oct 2024 ($285.5M post-money).

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

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

1 rounds
DateRoundRaisedPost-money
Oct 2024Early Stage VC (Series A)$135.0M▮
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City Therapeutics valuation

City Therapeutics is valued at approximately $285 million as of Oct 2026. The figure is set by institutional fund marks. The reference point is its Series A in Oct 2024, at a $285 million post-money valuation.

Recent activity

In the last 90 days, City Therapeutics's record added 1 institutional fund mark (latest period Jul 2026).

How much has City Therapeutics raised?

City Therapeutics has raised $140 million across 1 recorded round since 2024. The largest was a $135 million Series A in Oct 2024.

Institutional holders and vehicles

2 SEC-registered funds reported 2 fair-value marks on City Therapeutics between May 2026 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: Mythic Therapeutics ($293 million), Convergent Therapeutics ($280 million) and Ensoma ($280 million).

How City 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 City 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 institutional fund marks. Question about this number? Full methodology →

Frequently asked about City Therapeutics

What is City Therapeutics worth?
City Therapeutics is valued at $285.5M as of Oct 2026. Nothing comparable since the round — shown at its Series A, Oct 2024 ($285.5M post-money).
How much has City Therapeutics raised?
City Therapeutics has raised $139.5M in total funding across 1 recorded rounds.
When did City Therapeutics last raise?
City Therapeutics last raised in Oct 2024 (Early Stage VC (Series A)), raising $135.0M.