ElevateBio is a technology-driven company focused on cell and gene therapy and genetic medicines. It partners with innovators to help develop, manufacture, and commercialize advanced therapies for unmet medical needs.
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ElevateBio shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
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| Date | Round | PPS (split-adj.) | Valuation |
|---|---|---|---|
| May 2023 | Series D | ||
| 2021 | Series C |
ElevateBio announced a $401 million Series D financing in May 2023 to expand its cell and gene technology platforms, end-to-end capabilities, and therapeutic pipeline. The round was led by AyurMaya Capital Management Fund, managed by Matrix Capital Management, with new and existing investors joining.
When ElevateBio launched in 2019, it said it would create and build a broad portfolio of cell and gene therapy companies through partnerships with academic researchers, medical centers, and entrepreneurs. The company also operates BaseCamp in Waltham, giving it an in-house hub for development and manufacturing support.
ElevateBio says it partners with innovators to identify drug targets and manufacture clinical and commercial products for unmet medical needs. Its platform is positioned around genetic medicines, a category the company describes as powering transformative cell and gene therapies.
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No. As of March 2026, ElevateBio is a private company and does not trade on any public stock exchange. Accredited investors can access ElevateBio shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
ElevateBio does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in ElevateBio shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. ElevateBio shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
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UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
ElevateBio develops cell and gene therapy and genetic medicine platforms, generating $105.7M in 2026 revenue, and raised $401M in its Series D to expand its platform — accredited investors can access ElevateBio stock through UpMarket.