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.

Aviceda Therapeutics Overview

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

United StatesUnited States

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

Aviceda Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2025Series COmega 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$208MAviceda 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 2023Undisclosed stage-$16MAviceda 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 2022Undisclosed stage-$50M-
Sep 2020Seed-$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

Investors in Aviceda Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Digitalis VenturesUnited StatesNew York City, NY1ParticipantJan 2025
TCG CrossoverUnited StatesSan Francisco, CA1LeadJan 2025
Blue Owl Capital Inc.United StatesNew York City, NY1ParticipantJan 2025
Marshall WaceUnited KingdomLondon1ParticipantJan 2025
Aberdeen GroupUnited KingdomEdinburgh1ParticipantJan 2025
Catalio Capital ManagementUnited StatesNew York City, NY1ParticipantJan 2025
Logos CapitalUnited StatesSan Francisco, CA1ParticipantJan 2025
Omega FundsUnited StatesBoston, MA1LeadJan 2025
Jeito CapitalFranceParis1ParticipantJan 2025
Enavate SciencesUnited StatesNew York City, NY1ParticipantJan 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 Trial

Aviceda Therapeutics Competitors

Aviceda Therapeutics competitors include listed companies like Roche and Johnson & Johnson, and private ones like Heyuan Biotechnology, ArsenalBio, Formation Bio and Immunai.

Public and private companies comparable to Aviceda Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RocheSwitzerlandSwitzerlandPublicly listed$77B$26B$351B4.9x
Heyuan BiotechnologyChinaShanghaiPrivate--$3B-
ArsenalBioUnited StatesUnited StatesPrivate--$1.9B-
Formation BioUnited StatesNew York City, NYPrivate--$1B-
ImmunaiUnited StatesNew York City, NYPrivate--$1B-
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial