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- Ashvattha Therapeutics
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
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
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$353M (Jan 2025)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Jan 2025 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2025 | Series B | Tribe Capital (lead); Natural Capital | $50M | $353M | Ashvattha 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 2022 | Series B | Huadong 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 2020 | Undisclosed stage | Natural 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 2019 | Series A | Natural 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2020 | ||
| 3 | Lead | Mar 2019 | ||
| 2 | Participant | May 2020 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | Apr 2022 | ||
| -- | 1 | Participant | May 2020 | |
| 1 | Participant | May 2020 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | May 2020 | ||
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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 TrialAshvattha 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $350M | - | ||
| Publicly listed | $4M | ($61M) | $349M | 72.3x | ||
| Private | - | - | $348M | - | ||
| Publicly listed | $35M | ($74M) | $347M | 10.1x | ||
| Publicly listed | $705M | $238M | $360M | 1.2x | ||
| Publicly listed | $237M | $63M | $360M | 1.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4M | ($61M) | 76.4x | 72.3x | (5.5x) | - | |||
| $35M | ($74M) | 6.2x | 10.1x | (2.9x) | - | |||
| $705M | $238M | 1.1x | 1.2x | 3.4x | 5.2x | |||
| $237M | $63M | 1.4x | 1.4x | 5.2x | - | |||
| $31M | ($241M) | 5.9x | 18.1x | (0.8x) | (0.6x) | |||
| $19M | $2M | 16.5x | 42.3x | 148.7x | - | |||
| - | ($104M) | - | - | (1.3x) | (1.2x) | |||
| $3M | $525K | 124.8x | - | 704.4x | - | |||
This data is available for Pro users. Sign up to see all Ashvattha Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
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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