AmplifyBio Valuation, Funding & Investors

AmplifyBio is valued at $280M as of November 2023.

Last AmplifyBio valuation

$280M

Undisclosed stage · Nov 2023

Last AmplifyBio funding round

$50M

Undisclosed stage · Nov 2023

Cumulative funding AmplifyBio raised

$230M

across 3 funding rounds

Key investors in AmplifyBio

  • Narya Capital
  • Battelle
  • Viking Capital

AmplifyBio Overview

About AmplifyBio

AmplifyBio is a Columbus Ohio-headquartered biotechnology firm advancing cell and gene therapies through integrated drug development services. The company offers preclinical testing, manufacturing, and analytics in a 200,000-square-foot facility. AmplifyBio supports therapies targeting oncology, rare diseases, and neurology. Launched in 2021 by former Battelle executives, it accelerates candidates from discovery to IND submission.


Founded

2021

HQ

United StatesColumbus, OH

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$280M (Nov 2023)

AmplifyBio Valuation

AmplifyBio is currently valued at $280M, based on its undisclosed-stage round in November 2023.

AmplifyBio's valuation has moved from $280M at its undisclosed-stage round in June 2022 to $280M in November 2023, across 2 priced rounds.

AmplifyBio valuation by funding round

AmplifyBio valuation by funding round
DateStageValuation
Nov 2023Undisclosed stage$280M
Jun 2022Undisclosed stage$280M

AmplifyBio Funding History

AmplifyBio has raised a total of $230M across 3 funding rounds.

AmplifyBio's first fundraising round was a $80M undisclosed-stage round in May 2021. The most recent completed round was a $50M undisclosed-stage round in November 2023.

AmplifyBio funding rounds

AmplifyBio funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2023Undisclosed stage-$50M$280MAmplifyBio is a drug development company headquartered in New Albany, OH, founded in 2020, providing preclinical and clinical services in the biotech sector with over 400 employees. It operates state-of-the-art facilities including a 200,000 sq ft GLP lab for drug development, pre-clinical models, and support services, focusing on advancing translational science, cell and gene therapies, and next-generation medicines. The company spun out from Battelle and combines expertise from cross-integrated teams and partners to bridge laboratory research and real-world applications. In its latest funding round around November 2023, AmplifyBio raised approximately $50 million in a Growth or Unattributed VC - II round, led by Vitrian with participation from Safar Partners. The funds are intended to accelerate product development, expand the team, scale operations globally, enhance facilities, explore new therapeutic avenues, and refine pre-clinical models. Previous funding includes a $100M round in June 2022 and earlier rounds, bringing total raised to about $349.75M over multiple rounds from investors like Casdin Capital, Hercules Capital, Battelle Memorial Institute, Narya Capital, and Viking Capital Investments. This Growth round demonstrates strong investor confidence in AmplifyBio's execution and growth potential in the biotech industry, positioning it among notable players.
Jun 2022Undisclosed stage-$100M$280MAmplifyBio is a drug development company based in New Albany, OH, founded in 2020, providing preclinical and clinical services with over 400 employees in the biotech category. It specializes in advancing translational science, cell and gene therapies, and next-generation medicines through state-of-the-art GLP labs spanning 200,000 sq ft for drug development, preclinical models, and support services. The company originated as a Battelle spinoff focused on cell and gene therapy. In a Growth funding round around June 2022, AmplifyBio raised $50M led by Vitrian with participation from Safar Partners, achieving a post-money valuation of $280M. Proceeds were allocated to accelerate product development, expand the team, and scale operations globally, including a new manufacturing enablement center in New Albany, Ohio. A related $100M round was filed on June 29, 2022, contributing to the company's cumulative fundraising exceeding $300M by later dates. AmplifyBio's funding trajectory continued post-2022 with additional rounds, including a $49.75M Unattributed VC - II in November 2023, bringing total raised to approximately $349.75M across multiple investors like Casdin Capital and Hercules Capital. The company operates in a competitive Ohio biotech ecosystem alongside peers like Forge Biologics.
May 2021Undisclosed stageBattelle; Viking Capital; Narya Capital$80M-AmplifyBio, a drug development company providing preclinical and clinical services based in New Albany, OH, founded in 2020, raised $80 million in a funding round announced via initial filing on May 27, 2021, matching the specified investors Battelle Memorial Institute, Narya Capital, and Viking Capital Investments. This appears to be an early-stage round, listed among its series A or unattributed VC activities, with total funding across multiple rounds reaching $349.75M by later dates. AmplifyBio spun out from Battelle and expanded in the health and life sciences cluster, contributing to local economic growth with job creation. The company grew to over 400 employees and pursued global scaling, though a 2025 bankrupt/admin round indicates later challenges. A later regulatory filing in 2022 for $100M was clarified as a final payment, not new funding. Investors like Casdin Capital participated in subsequent rounds including unattributed VC in 2022 and 2023.

Who has invested in AmplifyBio?

3 investors have backed AmplifyBio across its funding rounds, including Narya Capital, Battelle and Viking Capital.


AmplifyBio Investors

Investors in AmplifyBio by funding rounds participated
InvestorHQRoundsRoleFirst check
BattelleUnited StatesColumbus, OH1ParticipantMay 2021

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Acquisitions by AmplifyBio

AmplifyBio has acquired 1 company to date.

Last acquisition by AmplifyBio was on October 3rd 2022. AmplifyBio acquired PACT Pharma (selected assets) for undisclosed valuation.


Latest Acquisitions by AmplifyBio

PACT Pharma (selected assets)
Description
-
HQ CountryUnited States
HQ City
-
Deal Date3 Oct 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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AmplifyBio Competitors

AmplifyBio competitors include listed companies like Antibiotice, Polaris Group, Tiansheng Pharmaceutical and Racura Oncology, and private ones like GC Therapeutics and City Therapeutics.

Public and private companies comparable to AmplifyBio
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GC TherapeuticsUnited StatesBoston, MAPrivate--$280M-
City TherapeuticsUnited StatesUnited StatesPrivate--$281M-
AntibioticeRomaniaRomaniaPublicly listed$141M$26M$279M-
Polaris GroupTaiwanTaiwanPublicly listed$1M($111M)$279M-
Tiansheng PharmaceuticalChinaChinaPublicly listed$77M$10M$282M-
Racura OncologyAustraliaAustraliaPublicly listed$2M($8M)$282M127.8x

AmplifyBio Public Comps

AmplifyBio is still privately-owned, but its public comps include Antibiotice, Polaris Group, Tiansheng Pharmaceutical, Racura Oncology, PegBio, Northwest Biotherapeutics, Duopharma Biotech, Transgene, Pyxis Oncology and Cue Biopharma.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Antibiotice$141M$26M2.5x-13.8x-
Polaris Group$1M($111M)220.1x-(2.5x)-
Tiansheng Pharmaceutical$77M$10M3.8x-30.3x-
Racura Oncology$2M($8M)127.8x127.8x(31.7x)(74.9x)
PegBio-($31M)--(7.1x)-
Northwest Biotherapeutics$1M($50M)252.9x-(7.0x)(5.7x)
Duopharma Biotech$228M$44M1.4x1.4x7.6x6.9x
Transgene$564K($40M)261.2x17.1x(3.7x)(3.4x)

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Common questions about AmplifyBio

When was AmplifyBio founded?AmplifyBio was founded in 2021.
Where is AmplifyBio headquartered?AmplifyBio is headquartered in Columbus, OH, United States.
Is AmplifyBio publicly listed?No, AmplifyBio is a private, VC-backed company.
What is AmplifyBio's valuation?AmplifyBio was last valued at $280M in its undisclosed-stage round in November 2023.
How much funding has AmplifyBio raised?AmplifyBio has raised $230M across 3 funding rounds.
What was AmplifyBio's last funding round?AmplifyBio's last funding round was a $50M undisclosed-stage round in November 2023.
Who are AmplifyBio's investors?AmplifyBio's investors include Battelle, Viking Capital and Narya Capital.
Which companies are comparable to AmplifyBio?Companies comparable to AmplifyBio include GC Therapeutics, City Therapeutics, Antibiotice, Polaris Group, Tiansheng Pharmaceutical and Racura Oncology.
How many companies has AmplifyBio acquired?AmplifyBio has acquired 1 company, including PACT Pharma (selected assets).

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