Ashvattha Therapeutics Valuation, Funding & Investors

Ashvattha Therapeutics is valued at $353M as of January 2025.

Last Ashvattha Therapeutics valuation

$353M

Series B · Jan 2025

Last Ashvattha Therapeutics funding round

$50M

Series B · Jan 2025

Cumulative funding Ashvattha Therapeutics raised

$148M

across 4 funding rounds

Key investors in Ashvattha Therapeutics

  • Tribe Capital
  • Natural Capital
  • Plum Alley
  • Sand Hill Angels
  • Sam Altman
  • EcoR1 Capital

Ashvattha Therapeutics Overview

About Ashvattha Therapeutics

Ashvattha Therapeutics is a Menlo Park, California-based biotechnology company developing tissue-selective therapeutics via its proprietary Targeted Black Hole Engine platform. The pipeline advances candidates in ophthalmology like AVD-104 for wet age-related macular degeneration and diabetic macular edema, oncology programs for glioblastoma, and neurology treatments for ALS to minimize systemic toxicity.


Founded

2015

HQ

United StatesSan Francisco, CA

Website

avttx.com

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$353M (Jan 2025)

Ashvattha Therapeutics Valuation

Ashvattha Therapeutics is currently valued at $353M, based on its Series B in January 2025.

The $50M round was led by Tribe Capital, with participation from Natural Capital.

Ashvattha Therapeutics valuation by funding round

Ashvattha Therapeutics valuation by funding round
DateStageValuation
Jan 2025Series B$353M

Ashvattha Therapeutics Funding History

Ashvattha Therapeutics has raised a total of $148M across 4 funding rounds.

Ashvattha Therapeutics' first fundraising round was a $7M Series A in March 2019. The most recent completed round was a $50M Series B in January 2025.

Ashvattha Therapeutics funding rounds

Ashvattha Therapeutics funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2025Series BTribe Capital (lead); Natural Capital$50M$353MAshvattha Therapeutics is a clinical-stage biotech company developing hydroxyl dendrimer therapeutics (HDTs), a new class of nanomedicines that traverse tissue barriers to selectively target and reprogram activated innate immune cells in regions of inflammation, with applications in ophthalmology, neuroinflammation, cancer, heart disease, aging disorders, autoimmune, and neurological diseases. The platform is built on over 20 years of research from Johns Hopkins, supported by four safety studies and three Phase 2a trials, featuring over 100 HDTs. On January 13, 2025, the company announced a Series B extension of up to $50 million led by Tribe Capital with participation from Natural Capital and other existing investors, completing a total Series B of $119 million including prior tranches. This funding enables completion of the ongoing Phase 2 trial of lead candidate migaldendranib, an at-home monthly subcutaneous therapy for wet age-related macular degeneration (wet AMD) and diabetic macular edema (DME), which showed substantial reduction in treatment burden in interim results presented at the Angiogenesis 2025 meeting, and a Phase 1/2 neuroinflammation trial.
Apr 2022Series BHuadong Medicine (lead); Natural Capital Investment Fund; Tribe Capital; Plum Alley$69M-Ashvattha Therapeutics is a clinical-stage biopharmaceutical company developing hydroxyl dendrimer therapeutics (HDTs) that selectively target reactive inflammatory cells in diseased tissue, with the ability to cross the blood-brain and blood-retinal barriers for applications in neurology, ophthalmology, and inflammatory diseases. Its pipeline includes clinical-stage candidates such as OP-101 for severe COVID-19, which showed interim Phase 2 data demonstrating blood-brain barrier penetration and reduction in neuronal injury and hyperinflammation, as well as assets for wet AMD/DME and ALS with milestones expected in 2022. On April 27, 2022, Ashvattha announced a $69 million Series B financing led by Huadong Medicine Investment Holding Co., Ltd., with participation from Natural Capital Investment Fund, Plum Alley Investments, Tribe Capital, and several technology and biotech angel investors. This brought the company's total funding to $69 million at that point. Separately, Ashvattha entered an exclusive licensing agreement with Huadong Medicine granting development and commercialization rights to its pipeline assets in China and parts of Southeast Asia, including up to $45 million in advanced payments and a 10% royalty on net sales of licensed products. The round aligns with Ashvattha's advancement of its precision medicine platform, including ongoing Phase 2 PRANA study for OP-101 in COVID-19 and preparations for trials in ophthalmology indications like wet age-related macular degeneration and diabetic macular edema.
May 2020Undisclosed stageNatural Capital (lead); Sakya Duvvuru; Kingsley Advani; Kyle Wang; Helios Capital; Sand Hill Angels; Tribe Capital; Phil Deutch; Bhaskar Ghosh; Zephyr Venture Partners; Sam Altman; Plum Alley$22M-Ashvattha Therapeutics is a clinical-stage biotech company developing hydroxyl dendrimer therapeutics (HDTs) that selectively target and reprogram activated innate immune cells in inflammation, cancer, neurological diseases, ophthalmology, and neuro-oncology, based on technology licensed from Johns Hopkins University founders. The platform includes over 100 HDTs, with candidates like migaldendranib for wet AMD and DME administered monthly subcutaneously at home to reduce treatment burden. The company has conducted four safety studies and three Phase 2a trials. Known financings include a $69M Series B on April 28, 2022 from Huadong Medicine, A-Level Capital, Natural Capital, Plum Alley Ventures, and Tribe Capital (undisclosed valuation), a $7.73M Convertible Note on April 29, 2021, a $50M Series B extension on January 13, 2025 led by Tribe Capital with Natural Capital, and total raised reported as $77.92M over 10 rounds or up to $149.2M. Phase 2 ophthalmology trial interim results were presented at Angiogenesis 2025.
Mar 2019Series ANatural Capital (lead); Arjun Sethi; EcoR1 Capital$7M--

Who has invested in Ashvattha Therapeutics?

16 investors have backed Ashvattha Therapeutics across its funding rounds, including Tribe Capital, Natural Capital, Plum Alley, Sand Hill Angels, Sam Altman and EcoR1 Capital.

Lead investors include Tribe Capital, Huadong Medicine and Natural Capital.


Ashvattha Therapeutics Investors

Investors in Ashvattha Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Tribe CapitalUnited StatesSan Francisco, CA3LeadMay 2020
Natural CapitalUnited StatesSan Francisco, CA3LeadMar 2019
Plum AlleyUnited StatesNew York City, NY2ParticipantMay 2020
Sakya DuvvuruUnited StatesSan Francisco, CA1ParticipantMay 2020
Kingsley AdvaniUnited StatesSan Francisco, CA1ParticipantMay 2020
Natural Capital Investment FundUnited StatesMartinsburg, WV1ParticipantApr 2022
Kyle Wang--1ParticipantMay 2020
Helios CapitalUnited StatesNew York City, NY1ParticipantMay 2020
Arjun SethiUnited StatesSan Francisco, CA1ParticipantMar 2019
Sand Hill AngelsUnited StatesSan Francisco, CA1ParticipantMay 2020
Phil DeutchUnited StatesSan Francisco, CA1ParticipantMay 2020
Bhaskar GhoshUnited StatesSan Francisco, CA1ParticipantMay 2020
Zephyr Venture PartnersCanadaVancouver1ParticipantMay 2020

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Ashvattha Therapeutics Competitors

Ashvattha Therapeutics competitors include listed companies like Ocugen, X4 Pharmaceuticals, Emergent BioSolutions and GlaxoSmithKline Pakistan, and private ones like Imbria Pharmaceuticals and Biotheryx.

Public and private companies comparable to Ashvattha Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Imbria PharmaceuticalsUnited StatesBoston, MAPrivate--$350M-
OcugenUnited StatesUnited StatesPublicly listed$4M($61M)$349M72.3x
BiotheryxUnited StatesSan Diego, CAPrivate--$348M-
X4 PharmaceuticalsUnited StatesUnited StatesPublicly listed$35M($74M)$347M10.1x
Emergent BioSolutionsUnited StatesUnited StatesPublicly listed$705M$238M$360M1.2x
GlaxoSmithKline PakistanPakistanPakistanPublicly listed$237M$63M$360M1.4x

Ashvattha Therapeutics Public Comps

Ashvattha Therapeutics is still privately-owned, but its public comps include Ocugen, X4 Pharmaceuticals, Emergent BioSolutions, GlaxoSmithKline Pakistan, EyePoint, Heartseed, Lexeo Therapeutics, Valerio Therapeutics, Luzhu Biotech and Enanta Pharmaceuticals.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ocugen$4M($61M)76.4x72.3x(5.5x)-
X4 Pharmaceuticals$35M($74M)6.2x10.1x(2.9x)-
Emergent BioSolutions$705M$238M1.1x1.2x3.4x5.2x
GlaxoSmithKline Pakistan$237M$63M1.4x1.4x5.2x-
EyePoint$31M($241M)5.9x18.1x(0.8x)(0.6x)
Heartseed$19M$2M16.5x42.3x148.7x-
Lexeo Therapeutics-($104M)--(1.3x)(1.2x)
Valerio Therapeutics$3M$525K124.8x-704.4x-

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Common questions about Ashvattha Therapeutics

When was Ashvattha Therapeutics founded?Ashvattha Therapeutics was founded in 2015.
Where is Ashvattha Therapeutics headquartered?Ashvattha Therapeutics is headquartered in San Francisco, CA, United States.
Is Ashvattha Therapeutics publicly listed?No, Ashvattha Therapeutics is a private, VC-backed company.
What is Ashvattha Therapeutics' valuation?Ashvattha Therapeutics was last valued at $353M in its Series B in January 2025.
How much funding has Ashvattha Therapeutics raised?Ashvattha Therapeutics has raised $148M across 4 funding rounds.
What was Ashvattha Therapeutics' last funding round?Ashvattha Therapeutics' last funding round was a $50M Series B in January 2025, led by Tribe Capital.
Who are Ashvattha Therapeutics' investors?Ashvattha Therapeutics' investors include Tribe Capital, Natural Capital, Plum Alley, Sakya Duvvuru, Kingsley Advani, Natural Capital Investment Fund, Kyle Wang, Helios Capital, Arjun Sethi, Sand Hill Angels and 6 others.
Which companies are comparable to Ashvattha Therapeutics?Companies comparable to Ashvattha Therapeutics include Imbria Pharmaceuticals, Ocugen, Biotheryx, X4 Pharmaceuticals, Emergent BioSolutions and GlaxoSmithKline Pakistan.

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