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- Aptinyx
Aptinyx Funding, Investors & Competitors
Aptinyx has raised $135M across 2 funding rounds, most recently a $70M Series B in December 2017.
Last Aptinyx funding round
$70M
Series B · Dec 2017
Cumulative funding Aptinyx raised
$135M
across 2 funding rounds
Key investors in Aptinyx
Bain Capital
OUP (Osage University Partners)
HBM Healthcare Investments
Adams Street Partners
Longitude Capital
Frazier Healthcare Partners
New Leaf Venture Partners
Beecken Petty O'Keefe & Company
About Aptinyx
Aptinyx is an Evanston-based biopharmaceutical company modulating NMDA receptors for CNS disorders. NYX-2925 advances in Phase 2 for fibromyalgia, NYX-458 for Parkinson's motor symptoms. The platform remodulates synaptic plasticity with oral small molecules. Publicly traded on NASDAQ as APTX since 2018 IPO, Aptinyx collaborates with Gates MRI for drug discovery acceleration.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Sectors
Aptinyx Funding History
Aptinyx has raised a total of $135M across 2 funding rounds.
Aptinyx's first fundraising round was a $65M Series A in May 2016. The most recent completed round was a $70M Series B in December 2017.
Aptinyx funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2017 | Series B | Bain Capital (lead); HBM Healthcare Investments (lead) | $70M | Aptinyx Inc., a clinical-stage biopharmaceutical company based in Evanston, Illinois, focuses on developing transformative therapies for challenging neurologic disorders using small-molecule modulators of N-methyl-D-aspartate (NMDA) receptors. The company announced the completion of a $70 million oversubscribed Series B financing on December 18, 2017, led by Bain Capital Life Sciences, with participation from new investors including Adage Capital, Agent Capital, HBM Healthcare Investments, Nan Fung Life Sciences, Partner Fund Management, and Rock Springs Capital, as well as existing investors such as New Leaf Venture Partners, Frazier Healthcare Partners, Longitude Capital, Osage University Partners, Adams Street Partners, LVP Life Science Ventures, PathoCapital, Goudy Park Capital, Beecken Petty O’Keefe & Company, and Northwestern University. The proceeds from the Series B round are designated to advance Aptinyx's expanding clinical-stage pipeline, including support for clinical studies of NYX-2925 in neuropathic pain (specifically in diabetic peripheral neuropathy and an exploratory study in fibromyalgia), NYX-783 for post-traumatic stress disorder (PTSD), and advancing a third proprietary compound into the clinic in 2018, alongside initiating new indication programs and continuing NMDA receptor modulator discovery. Concurrent with the financing, Adam M. Koppel, M.D., Ph.D., managing director of Bain Capital Life Sciences, joined the Aptinyx board of directors. Aptinyx originated as a spinout from Naurex following its acquisition by Allergan, leveraging a drug discovery platform and management team's track record in NMDA receptor modulators, which backers view as poised to lead a renaissance in neurotherapeutic development by addressing side effects of earlier antagonists. The company had previously raised $65 million in a 2016 Series A round led by New Leaf Venture Partners, Frazier Healthcare Partners, and Longitude Capital. No financial metrics such as post-money valuation, revenue, ARR, EBITDA, or valuation multiples were disclosed in connection with this round. |
| May 2016 | Series A | New Leaf Venture Partners (lead); Adams Street Partners; PathoCapital; Latterell Venture Partners; Frazier Healthcare Partners; Northwestern University; Beecken Petty O'Keefe & Company; Goudy Park Capital; Longitude Capital; OUP (Osage University Partners) | $65M | Aptinyx Inc. is a biopharmaceutical company developing small-molecule modulators of the N-methyl-D-aspartate (NMDA) receptor for treating neurological disorders including Parkinson's disease and post-traumatic stress disorder (PTSD). The company was spun out of Naurex in 2015 following Naurex's acquisition by Allergan for $560 million, retaining the drug discovery platform and management team that had built Naurex's initial success. In May 2016, Aptinyx completed a $65 million Series A financing led by New Leaf Venture Partners with participation from new investors Frazier Healthcare Partners, Longitude Capital, and Osage University Partners, along with existing seed investors including Adams Street Partners, LVP Life Science Ventures, PathoCapital, Goudy Park Capital, Beecken Petty O'Keefe & Company, and Northwestern University. The financing proceeds were designated to support initial clinical studies for Aptinyx's lead drug candidate and discovery of additional NMDA receptor modulators, with the company planning to initiate Phase 1 studies in mid-2016 after completing IND-enabling studies. For the fiscal year ended December 31, 2016, Aptinyx reported collaboration and grant revenue of $9.8 million. By the Series B round later in 2017, the company had advanced three drug candidates targeting neurological disorders, including NYX-2925 in neuropathic pain and NYX-783 being developed for PTSD treatment. |
Who has invested in Aptinyx?
12 investors have backed Aptinyx across its funding rounds, including Bain Capital, OUP (Osage University Partners), HBM Healthcare Investments, Adams Street Partners, Longitude Capital and Frazier Healthcare Partners.
Lead investors include Bain Capital, HBM Healthcare Investments and New Leaf Venture Partners.
Aptinyx Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | May 2016 | ||
| 1 | Participant | May 2016 | ||
| 1 | Participant | May 2016 | ||
| 1 | Lead | Dec 2017 | ||
| 1 | Participant | May 2016 | ||
| 1 | Lead | May 2016 | ||
| 1 | Participant | May 2016 | ||
| 1 | Participant | May 2016 | ||
| 1 | Lead | Dec 2017 | ||
| 1 | Participant | May 2016 | ||
This data is available for Pro users. Sign up to see all 12 Aptinyx 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 TrialAptinyx Competitors
Aptinyx 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 |
Aptinyx Public Comps
Aptinyx 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 Aptinyx competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Aptinyx
| When was Aptinyx founded? | Aptinyx was founded in 2015. |
| Where is Aptinyx headquartered? | Aptinyx is headquartered in Chicago, IL, United States. |
| Is Aptinyx publicly listed? | No, Aptinyx is a private, VC-backed company. |
| How much funding has Aptinyx raised? | Aptinyx has raised $135M across 2 funding rounds. |
| What was Aptinyx's last funding round? | Aptinyx's last funding round was a $70M Series B in December 2017, led by Bain Capital and HBM Healthcare Investments. |
| Who are Aptinyx's investors? | Aptinyx's investors include Adams Street Partners, PathoCapital, Latterell Venture Partners, HBM Healthcare Investments, Frazier Healthcare Partners, New Leaf Venture Partners, Northwestern University, Beecken Petty O'Keefe & Company, Bain Capital, Goudy Park Capital and 2 others. |
| Which companies are comparable to Aptinyx? | Companies comparable to Aptinyx include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics. |
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