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- Aviceda Therapeutics
Aviceda Therapeutics Funding, Investors & Competitors
Aviceda Therapeutics has raised $277M across 4 funding rounds, most recently a $208M Series C in January 2025.
Last Aviceda Therapeutics funding round
$208M
Series C · Jan 2025
Cumulative funding Aviceda Therapeutics raised
$277M
across 4 funding rounds
Key investors in Aviceda Therapeutics
OrbiMed
Longitude Capital
Omega Funds
Digitalis Ventures
Catalio Capital Management
Logos Capital
Marshall Wace
Blue Owl Capital Inc.
About Aviceda Therapeutics
Aviceda Therapeutics is a Boston-based clinical-stage biotechnology company developing glycan therapeutics for glyco-immune diseases. The firm targets chronic inflammation in areas like ophthalmology, fibrosis, neurology, and oncology with lead candidates AVD-104 for dry eye disease, AVD-302 for diabetic retinopathy, and AVD-401 for retinoblastoma. Aviceda employs proprietary podocyte technology and high-throughput screening to engineer multivalent glycan compounds that modulate innate immune cells.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Aviceda Therapeutics Funding History
Aviceda Therapeutics has raised a total of $277M across 4 funding rounds.
Aviceda Therapeutics' first fundraising round was a $4M seed round in September 2020. The most recent completed round was a $208M Series C in January 2025.
Aviceda Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2025 | Series C | Omega Funds (lead); TCG Crossover (lead); Digitalis Ventures; Blue Owl Capital Inc.; Marshall Wace; Aberdeen Group; Catalio Capital Management; Logos Capital; Jeito Capital; Enavate Sciences; OrbiMed; Longitude Capital | $208M | Aviceda Therapeutics, a clinical-stage biotech company, develops next-generation immunomodulators using its proprietary High Affinity Ligands of Siglecs (HALOS™) nanotechnology platform to address chronic, non-resolving inflammation, particularly in ophthalmic diseases. Its lead candidate, AVD-104, is an intravitreal glycan-coated nanoparticle with a dual mechanism—repolarizing overactivated macrophages and stabilizing complement factor H—for geographic atrophy (GA) secondary to age-related macular degeneration (AMD). In January 2025, Aviceda closed an upsized $207.5 million Series C financing round, co-led by Omega Funds and TCG Crossover (TCGX), with participation from Enavate Sciences, Jeito Capital, Blue Owl Healthcare Opportunities, Longitude Capital, OrbiMed, Logos Capital, Marshall Wace, Catalio Capital Management, Digitalis Ventures, and funds managed by abrdn. Proceeds will fund the ongoing fully enrolled Phase 2b/3 SIGLEC trial comparing high- and low-dose AVD-104 to avacincaptad pegol (Izervay, Astellas), with 12-month primary endpoint data expected in the second half of 2025, and support planned pivotal Phase 3 trials if progress continues. The round also brought new board members: Bernard Davitian from Omega Funds, Chen Yu, M.D., M.B.A., from TCGX, and Evelyn Harrison, former COO of Iveric Bio. Sara Nayeem, M.D., from Enavate Sciences, and Rafaèle Tordjman, M.D., PhD, from Jeito Capital joined as board observers. AVD-104 has shown promise in preclinical studies and a completed Phase 2a trial, demonstrating slowed GA lesion progression and visual function improvements, positioning it against current treatments with limitations in efficacy and safety. Aviceda is also initiating a Phase 2 trial in diabetic macular edema. The financing reflects investor confidence in disrupting the GA market, where existing therapies like Izervay offer modest benefits. |
| May 2023 | Undisclosed stage | - | $16M | Aviceda Therapeutics raised $15.61 million in a Series A-II funding round on May 19, 2023. Investors included SPJGTM. The company develops immunomodulators using its proprietary High Affinity Ligands of Siglecs (HALOS™) nanotechnology platform to address chronic inflammation, focusing on ophthalmic indications like geographic atrophy secondary to age-related macular degeneration. Aviceda's lead candidate, AVD-104, is an intravitreal glycan-coated nanoparticle in clinical development. Subsequent to the 2023 round, the company secured a $207.5 million Series C financing in early 2025, co-led by Omega Funds and TCGX, with participation from Enavate Sciences, Jeito Capital, Blue Owl Healthcare Opportunities, Longitude Capital, OrbiMed, and others. Series C proceeds support the ongoing phase 2b/3 trial and planned pivotal phase 3 trial for AVD-104 in geographic atrophy, comparing it to Izervay, with 12-month data expected in the second half of 2025. Aviceda also initiated a phase 2 trial for AVD-104 in diabetic macular edema in September 2024. |
| Mar 2022 | Undisclosed stage | - | $50M | - |
| Sep 2020 | Seed | - | $4M | - |
Who has invested in Aviceda Therapeutics?
12 investors have backed Aviceda Therapeutics across its funding rounds, including OrbiMed, Longitude Capital, Omega Funds, Digitalis Ventures, Catalio Capital Management and Logos Capital.
Lead investors include Omega Funds and TCG Crossover.
Aviceda Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2025 | ||
| 1 | Lead | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Lead | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
This data is available for Pro users. Sign up to see all 12 Aviceda Therapeutics 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 TrialAviceda Therapeutics Competitors
Aviceda Therapeutics competitors include listed companies like Roche and Johnson & Johnson, and private ones like Heyuan Biotechnology, ArsenalBio, Formation Bio and Immunai.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $77B | $26B | $351B | 4.9x | ||
| Private | - | - | $3B | - | ||
| Private | - | - | $1.9B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $94B | $40B | $651B | 6.8x |
Aviceda Therapeutics Public Comps
Aviceda Therapeutics 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 Aviceda Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Aviceda Therapeutics
| When was Aviceda Therapeutics founded? | Aviceda Therapeutics was founded in 2018. |
| Where is Aviceda Therapeutics headquartered? | Aviceda Therapeutics is headquartered in United States. |
| Is Aviceda Therapeutics publicly listed? | No, Aviceda Therapeutics is a private, VC-backed company. |
| How much funding has Aviceda Therapeutics raised? | Aviceda Therapeutics has raised $277M across 4 funding rounds. |
| What was Aviceda Therapeutics' last funding round? | Aviceda Therapeutics' last funding round was a $208M Series C in January 2025, led by Omega Funds and TCG Crossover. |
| Who are Aviceda Therapeutics' investors? | Aviceda Therapeutics' investors include Digitalis Ventures, TCG Crossover, Blue Owl Capital Inc., Marshall Wace, Aberdeen Group, Catalio Capital Management, Logos Capital, Omega Funds, Jeito Capital, Enavate Sciences and 2 others. |
| Which companies are comparable to Aviceda Therapeutics? | Companies comparable to Aviceda Therapeutics include Roche, Heyuan Biotechnology, ArsenalBio, Formation Bio, Immunai and Johnson & Johnson. |
See companies similar to Aviceda Therapeutics
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