Alentis Therapeutics Funding, Investors & Competitors

Alentis Therapeutics has raised $365M across 4 funding rounds, most recently a $181M Series D in November 2024.

Last Alentis Therapeutics funding round

$181M

Series D · Nov 2024

Cumulative funding Alentis Therapeutics raised

$365M

across 4 funding rounds

Key investors in Alentis Therapeutics

  • Bpifrance
  • Pureos Bioventures
  • Jeito Capital
  • HTGF
  • RA Capital Management
  • Novo Holdings
  • Morningside
  • BioMedPartners

Alentis Therapeutics Overview

About Alentis Therapeutics

Alentis Therapeutics is a Basel-based clinical-stage biotechnology company targeting CLDN1-positive cancers and fibrotic diseases. It pioneers anti-CLDN1 antibody-drug conjugates and antibodies to halt disease progression in liver conditions and oncology.


Founded

2019

HQ

SwitzerlandBasel

Website

alentis.ch

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Alentis Therapeutics Funding History

Alentis Therapeutics has raised a total of $365M across 4 funding rounds.

Alentis Therapeutics' first fundraising round was a $12M Series A in April 2019. The most recent completed round was a $181M Series D in November 2024.

Alentis Therapeutics funding rounds

Alentis Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2024Series DJeito Capital (lead); Novo Holdings (lead); OrbiMed (lead); Piper Heartland Healthcare Capital; Pureos Bioventures; Catalio Capital Management; Avego Bioscience Capital; Bpifrance; Frazier Life Sciences; RA Capital Management; Morningside; Longitude Capital$181MAlentis Therapeutics, a Basel-headquartered clinical-stage biotechnology company founded in 2019, announced a $181.4 million Series D financing round in November 2024. The company is developing a pipeline of Claudin-1 (CLDN1) targeted medicines, particularly antibody-drug conjugates (ADCs), for solid tumors and organ fibrosis. The financing round was led by OrbiMed with co-leads Novo Holdings and Jeito Capital, and included participation from new investors Frazier Life Sciences, Longitude Capital, Catalio Capital Management, Piper Heartland Healthcare Capital, and Avego Bioscience Capital, along with existing investors RA Capital Management, Morningside Venture Investments, BB Pureos, and Bpifrance. The proceeds will support clinical development of Alentis' two first-in-class anti-CLDN1 ADC programs: ALE.P02, which incorporates a tubulin inhibitor and received FDA IND clearance with Phase 1/2 trials expected to begin in Q1 2025 for advanced or metastatic CLDN1+ squamous solid tumors, and ALE.P03, incorporating a topoisomerase I inhibitor, with first-in-human trials planned for 2025. The round represents one of the largest ADC-focused private fundraisings globally in 2024. Alentis has a track record of successful capital raises, including a $105 million Series C in 2023 and a $67 million Series B in 2021.
Apr 2023Series CJeito Capital (lead); Novo Holdings; Pureos Bioventures; Bpifrance; RA Capital Management; Schroders Capital$105MAlentis Therapeutics is a clinical-stage biotechnology company developing breakthrough treatments for organ fibrosis and CLDN1 positive tumors. The company focuses on claudin-1 biology, leveraging a broader expression profile than competing CLDN-18.2 approaches in gastric cancers. Alentis is developing multiple therapeutic programs including ALE.F02 for advanced kidney, lung, and liver fibrosis, and ALE.C04 for CLDN1+ tumors, with plans to engineer CLDN1 antibody drug conjugates and bi-specific antibodies. In April 2023, Alentis announced a $105 million Series C financing round led by Jeito Capital together with Novo Holdings A/S and RA Capital Management, with participation from existing investors including BB Pureos Bioventures, Bpifrance through its InnoBio 2 fund, and Schroders Capital. The proceeds were allocated to support Phase II development of ALE.F02 for fibrosis indications and Phase I advancement of ALE.C04 for oncology. Since Jeito's initial Series B investment of $67 million in June 2021, Alentis has progressed significantly, completing Phase I multiple ascending dose studies and clearly defining target patient populations including T-cell excluded cancers. The company later closed a Series D round of $181.4 million in November 2024, bringing total funding raised to $365.66 million across seven rounds.
Jun 2021Series BMorningside (lead); BioMedPartners; Schroder Adveq; HTGF; Pureos Bioventures; Bpifrance; Jeito Capital; Kinled Holding$66MAlentis Therapeutics is a Swiss clinical-stage biotechnology company based in Basel, focused on developing breakthrough Claudin-1 (CLDN1)-targeted treatments for fibrotic diseases such as advanced liver and kidney fibrosis, as well as related hepatobiliary cancers. On June 15, 2021, the company raised USD 67 million (CHF 60 million) in an oversubscribed Series B financing round led by Morningside Venture Investments, with participation from new investor Jeito Capital and existing Series A investors including BioMed Partners, BB Pureos Bioventures, Bpifrance through its InnoBio 2 fund, High-Tech Gründerfonds, and Schroders Capital. The proceeds were primarily allocated to fund proof-of-concept clinical trials for its first-in-class anti-fibrotic molecules targeting Claudin-1, alongside ongoing drug discovery programs for additional fibrotic diseases and cancers. The round announcement highlighted the high unmet medical need in life-threatening fibrotic conditions and associated oncology indications like hepatocellular carcinoma and cholangiocarcinoma. Alentis welcomed Jason Dinges from Morningside and Rafaèle Tordjman, founder and CEO of Jeito Capital, to its Board of Directors immediately following the financing. CEO Dr. Roberto Iacone emphasized the investors' recognition of the urgency to innovate in these areas, fueling the company's strategy to expand Claudin-1 targeting across multiple indications. Subsequent financings included a $105 million Series C in 2023 led by Jeito Capital, Novo Holdings, and RA Capital, and a $181.4 million Series D in November 2024 led by OrbiMed with co-leads Novo Holdings and Jeito Capital, supporting advancement of CLDN1-targeted antibody-drug conjugates (ADCs) like ALE.P02 and ALE.P03 into Phase 1/2 trials for solid tumors.
Apr 2019Series ABioMedPartners (lead); Pureos Bioventures (lead); Schroder Adveq; HTGF; Bpifrance$12MAlentis Therapeutics, a Swiss-French biotech company developing novel therapeutics in advanced liver disease and cancer, launched with a Series A financing of CHF 12.5 million (USD 12.5 million) on April 30, 2019. The round was co-led by BioMedPartners and BB Pureos Bioventures, with participation from Bpifrance, Schroder Adveq, and High-Tech Gründerfonds (HTGF).

Who has invested in Alentis Therapeutics?

17 investors have backed Alentis Therapeutics across its funding rounds, including Bpifrance, Pureos Bioventures, Jeito Capital, HTGF, RA Capital Management and Novo Holdings.

Lead investors include Jeito Capital, Novo Holdings, OrbiMed, Morningside, BioMedPartners and 1 other investor.


Alentis Therapeutics Investors

Investors in Alentis Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Pureos BioventuresSwitzerlandZurich4LeadApr 2019
BpifranceFranceParis4ParticipantApr 2019
Jeito CapitalFranceParis3LeadJun 2021
BioMedPartnersSwitzerlandBasel2LeadApr 2019
Novo HoldingsDenmarkCopenhagen2LeadApr 2023
Schroder AdveqSwitzerlandZurich2ParticipantApr 2019
HTGFGermanyBonn2ParticipantApr 2019
RA Capital ManagementUnited StatesBoston, MA2ParticipantApr 2023
MorningsideUnited StatesBoston, MA2LeadJun 2021
Piper Heartland Healthcare CapitalUnited StatesMinneapolis, MN1ParticipantNov 2024
Catalio Capital ManagementUnited StatesNew York City, NY1ParticipantNov 2024
Avego Bioscience CapitalUnited StatesAlpharetta, GA1ParticipantNov 2024
Frazier Life SciencesUnited StatesSan Francisco, CA1ParticipantNov 2024

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Alentis Therapeutics Competitors

Alentis Therapeutics competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.

Public and private companies comparable to Alentis Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$467B8.1x
MerckUnited StatesUnited StatesPublicly listed$65B$28B$363B6.2x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x

Alentis Therapeutics Public Comps

Alentis Therapeutics is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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Common questions about Alentis Therapeutics

When was Alentis Therapeutics founded?Alentis Therapeutics was founded in 2019.
Where is Alentis Therapeutics headquartered?Alentis Therapeutics is headquartered in Basel, Switzerland.
Is Alentis Therapeutics publicly listed?No, Alentis Therapeutics is a private, VC-backed company.
How much funding has Alentis Therapeutics raised?Alentis Therapeutics has raised $365M across 4 funding rounds.
What was Alentis Therapeutics' last funding round?Alentis Therapeutics' last funding round was a $181M Series D in November 2024, led by Jeito Capital, Novo Holdings and OrbiMed.
Who are Alentis Therapeutics' investors?Alentis Therapeutics' investors include Pureos Bioventures, Bpifrance, Jeito Capital, BioMedPartners, Novo Holdings, Schroder Adveq, HTGF, RA Capital Management, Morningside, Piper Heartland Healthcare Capital and 7 others.
Which companies are comparable to Alentis Therapeutics?Companies comparable to Alentis Therapeutics include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics.

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