- Companies
- Angitia Biopharmaceuticals
Angitia Biopharmaceuticals Funding, Investors & Competitors
Angitia Biopharmaceuticals has raised $406M across 5 funding rounds, most recently a $130M Series D in February 2026.
Last Angitia Biopharmaceuticals funding round
$130M
Series D · Feb 2026
Cumulative funding Angitia Biopharmaceuticals raised
$406M
across 5 funding rounds
Key investors in Angitia Biopharmaceuticals
OrbiMed
Morningside
Yonghua Capital
3H Health Investment
Legend Capital
Elikon Venture
Hillhouse Investment
Bain Capital
About Angitia Biopharmaceuticals
Angitia Biopharmaceuticals is a Shanghai-based biotechnology company developing biologics for musculoskeletal disorders. Its pipeline targets osteoarthritis and intervertebral disc degeneration with engineered proteins modulating inflammation and tissue repair.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sectors
Angitia Biopharmaceuticals Funding History
Angitia Biopharmaceuticals has raised a total of $406M across 5 funding rounds.
Angitia Biopharmaceuticals' first fundraising round was a $70M Series B in October 2021. The most recent completed round was a $130M Series D in February 2026.
Angitia Biopharmaceuticals funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2026 | Series D | Frazier Life Sciences (lead); Venrock Healthcare Capital Partners (lead); Elikon Venture; Biotechnology Value Fund; Hillhouse Investment; Logos Capital; TF Capital; OrbiMed; 3H Health Investment; Morningside; Yonghua Capital; Ascenta Capital | $130M | Angitia Biopharmaceuticals, a clinical-stage biotechnology company based in Westlake Village, California, develops novel biologic therapies to improve musculoskeletal health, focusing on conditions like postmenopausal osteoporosis, osteogenesis imperfecta, and spinal fusion. Its lead pipeline assets include AGA111, a recombinant human BMP-6 protein in Phase 3 for spinal fusion; AGA2118, a bispecific antibody targeting sclerostin and DKK1 in Phase 2 for osteoporosis with enrollment completed in the ARTEMIS trial; and AGA2115, also a bispecific antibody in Phase 2 for osteogenesis imperfecta with dosing initiated in the IDUN trial. On February 5, 2026, Angitia closed a $130 million Series D financing round co-led by Frazier Life Sciences and Venrock Healthcare Capital Partners. New investors included Ascenta Capital, funds managed by BlackRock, BVF Partners (Biotechnology Value Fund), Logos Capital, RA Capital Management, and Wellington Management. Existing investors participating were Bain Capital Life Sciences, Elikon Venture, Janus Henderson Investors, 3H Health Investment, Hillhouse Investment, Legend Capital, Morningside Group, OrbiMed, TF Capital, and Yonghua Capital. Proceeds will fund ongoing clinical development of AGA2118, AGA2115, AGA111, and other pipeline assets through Phase 2 and 3 trials. Kevin Li, M.D., from Frazier Life Sciences, joined the board. This follows a $120 million Series C in 2024 and $156 million Series B in 2021-2024, bringing total funding to $454 million. Angitia's programs aim to challenge established players like Amgen in bone-building therapies, leveraging team expertise from Amgen, Eli Lilly, and Pfizer. Recent milestones include Phase 3 data expected for AGA111 in China and Phase 2 readouts for osteoporosis and osteogenesis imperfecta programs. |
| Dec 2024 | Series C | Bain Capital (lead); Elikon Venture; Janus Henderson; OrbiMed; 3H Health Investment; Legend Capital; Yonghua Capital | $120M | Angitia Biopharmaceuticals is a clinical-stage biotechnology company focused on developing innovative therapeutics for serious musculoskeletal diseases, including osteoporosis, osteogenesis imperfecta (OI), and spinal fusion. Its pipeline includes three biologic candidates: AGA2118 and AGA2115 (bispecific antibodies targeting sclerostin and DKK1 for osteoporosis and OI) and AGA111 (recombinant human BMP-6 protein for spinal fusion), with AGA111 advancing to phase 3 trials. On December 11, 2024, Angitia closed a $120 million Series C financing round led by Bain Capital Life Sciences, with participation from new investor Janus Henderson Investors and existing investors 3H Health Investment, OrbiMed, Yonghua Capital, Legend Capital, and Elikon Venture. The proceeds will support the development of AGA2118, AGA2115, AGA111, and other pipeline assets. Dr. Norbert Riedel joined the Board of Directors. The company later raised a $130 million Series D round, co-led by Frazier Life Sciences and Venrock Healthcare Capital Partners, with participation from new investors like RA Capital Management and Wellington Management, plus returning investors including Bain Capital Life Sciences, to advance its candidates into phase 2 and 3 trials. Angitia's leadership, including CEO Dr. David Ke, emphasizes clinical progress and emerging data in musculoskeletal treatments. The team has experience from Amgen, Eli Lilly, and Pfizer. Competition includes Amgen's Evenity and other osteoporosis players, but Angitia's bispecifics offer a dual Wnt signaling mechanism. |
| Feb 2024 | Series B | Yuekai Securities (lead) | $40M | Angitia Biopharmaceuticals is a global clinical-stage biotechnology company developing innovative therapies for serious musculoskeletal diseases. The company announced the completion of an additional US$40 million Series B Extension financing in January 2024, led by YueKai Health (a venture capital firm funded by GZHT Technology Holding and managed by Yuekai Capital). This final close brought the total Series B Extension to US$86 million when combined with the US$46 million close completed in October 2023. The January 2024 round included participation from YueKai Health as the lead investor. Proceeds from the Series B Extension financing were designated to advance the global development of Angitia's drug candidates, including AGA2118, AGA2115, and AGA111. |
| Oct 2023 | Series B | Morningside (lead); Lichen Capital; OrbiMed; 3H Health Investment; Legend Capital; Oriza Holdings; Yonghua Capital | $46M | Angitia Biopharmaceuticals is a clinical-stage biotechnology company focused on discovering and developing innovative therapeutics for serious musculoskeletal diseases. The company is developing a pipeline of biologic product candidates targeting conditions including osteoporosis, osteogenesis imperfecta (OI), and spinal fusion, leveraging the team's extensive experience in novel drug development. On October 19, 2023, Angitia announced the completion of a $46 million Series B extension financing round, which brought the total size of the Series B funding to $170 million. The financing was led by Morningside Group with participation from other investors. Proceeds from this round were designated to accelerate the advancement of Angitia's pipeline of musculoskeletal therapies and support ongoing clinical development activities. The company subsequently raised additional capital, including a $120 million Series C round in December 2024 led by Bain Capital Life Sciences, and a $130 million Series D round in February 2026 co-led by Frazier Life Sciences and Venrock Healthcare Capital Partners, demonstrating sustained investor confidence in the clinical progress and differentiated positioning of its therapeutic candidates. |
| Oct 2021 | Series B | Morningside (lead) | $70M | - |
Who has invested in Angitia Biopharmaceuticals?
18 investors have backed Angitia Biopharmaceuticals across its funding rounds, including OrbiMed, Morningside, Yonghua Capital, 3H Health Investment, Legend Capital and Elikon Venture.
Lead investors include Frazier Life Sciences, Venrock Healthcare Capital Partners, Bain Capital, Yuekai Securities and Morningside.
Angitia Biopharmaceuticals Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Oct 2023 | ||
| 3 | Participant | Oct 2023 | ||
| 3 | Lead | Oct 2021 | ||
| 3 | Participant | Oct 2023 | ||
| 2 | Participant | Dec 2024 | ||
| 2 | Participant | Oct 2023 | ||
| -- | 1 | Participant | Oct 2023 | |
| 1 | Lead | Feb 2024 | ||
| 1 | Participant | Dec 2024 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Lead | Feb 2026 | ||
This data is available for Pro users. Sign up to see all 18 Angitia Biopharmaceuticals investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAngitia Biopharmaceuticals Competitors
Angitia Biopharmaceuticals competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $65B | $28B | $1.0T | 13.1x | ||
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $61B | $17B | $467B | 8.1x | ||
| Publicly listed | $65B | $28B | $363B | 6.2x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
Angitia Biopharmaceuticals Public Comps
Angitia Biopharmaceuticals 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65B | $28B | 16.5x | 13.1x | 38.7x | 27.0x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $61B | $17B | 8.7x | 8.1x | 30.6x | 17.6x | |||
| $65B | $28B | 6.3x | 6.2x | 14.7x | 21.0x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $57B | $22B | 5.5x | 5.5x | 14.2x | 13.3x | |||
| $59B | $19B | 4.8x | 4.5x | 14.6x | 12.7x | |||
| $37B | $17B | 6.8x | 6.5x | 14.8x | 14.4x | |||
This data is available for Pro users. Sign up to see all Angitia Biopharmaceuticals competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Angitia Biopharmaceuticals
| When was Angitia Biopharmaceuticals founded? | Angitia Biopharmaceuticals was founded in 2018. |
| Where is Angitia Biopharmaceuticals headquartered? | Angitia Biopharmaceuticals is headquartered in Guangzhou, China. |
| Is Angitia Biopharmaceuticals publicly listed? | No, Angitia Biopharmaceuticals is a private, VC-backed company. |
| How much funding has Angitia Biopharmaceuticals raised? | Angitia Biopharmaceuticals has raised $406M across 5 funding rounds. |
| What was Angitia Biopharmaceuticals' last funding round? | Angitia Biopharmaceuticals' last funding round was a $130M Series D in February 2026, led by Frazier Life Sciences and Venrock Healthcare Capital Partners. |
| Who are Angitia Biopharmaceuticals' investors? | Angitia Biopharmaceuticals' investors include OrbiMed, 3H Health Investment, Morningside, Yonghua Capital, Elikon Venture, Legend Capital, Lichen Capital, Yuekai Securities, Janus Henderson, Biotechnology Value Fund and 8 others. |
| Which companies are comparable to Angitia Biopharmaceuticals? | Companies comparable to Angitia Biopharmaceuticals include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics. |
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