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- Beacon Therapeutics
Beacon Therapeutics Valuation, Funding & Investors
Beacon Therapeutics is valued at $344M as of June 2024.
Last Beacon Therapeutics valuation
$344M
Series B · Jun 2024
Last Beacon Therapeutics funding round
$75M
Series C · Jan 2026
Cumulative funding Beacon Therapeutics raised
$367M
across 3 funding rounds
Key investors in Beacon Therapeutics
Oxford Science Enterprises
Syncona
Forbion Capital Partners
Advent Life Sciences
Goldman Sachs Asset Management
University of Oxford
Beacon Therapeutics Overview
About Beacon Therapeutics
Beacon Therapeutics is a London-headquartered gene therapy company targeting inherited retinal diseases causing blindness. The firm advances GT005, an AAV-delivered therapy for wet AMD choroidal neovascularization, with Phase 2b trials ongoing in the United States and Europe following seed funding from Oxford Nanopore founders.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$344M (Jun 2024)
Beacon Therapeutics Valuation
Beacon Therapeutics is currently valued at $344M, based on its Series B in June 2024.
The $170M round was led by Forbion Capital Partners, with participation from TCG Crossover, University of Oxford, Oxford Science Enterprises, Advent Life Sciences and Syncona.
Beacon Therapeutics' valuation has moved from $619M at its Series A in June 2023 to $344M in June 2024, across 2 priced rounds.
Beacon Therapeutics valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2024 | Series B | $344M |
| Jun 2023 | Series A | $619M |
Beacon Therapeutics Funding History
Beacon Therapeutics has raised a total of $367M across 3 funding rounds.
Beacon Therapeutics' first fundraising round was a $122M Series A in June 2023. The most recent completed round was a $75M Series C in January 2026.
Beacon Therapeutics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Series C | Goldman Sachs Asset Management (lead); Retinal Degeneration Fund; Oxford Science Enterprises; Advent Life Sciences; Forbion Capital Partners; Syncona | $75M | - | Beacon Therapeutics announced the closing of an oversubscribed Series C financing round on January 8, 2026, raising over $75 million to advance its pipeline of gene therapies for blinding retinal diseases. The round was led by Life Sciences at Goldman Sachs Alternatives, with participation from new investors Retinal Degeneration Fund and existing investors Syncona, Forbion, Oxford Science Enterprises, and Advent Life Sciences. Syncona committed $24.5 million and maintained a 38.4 percent ownership stake following the investment, with its position written up by £29.3 million representing a 20 percent increase from its September 30, 2025 valuation. The capital will be deployed to complete development of laru-zova, Beacon's lead program—a gene therapy for X-linked retinitis pigmentosa (XLRP), a rare blinding disease with no available treatment—and to advance commercialization preparations ahead of pivotal clinical data expected in the second half of 2026. The company's pipeline also includes programs for geographic atrophy and inherited cone rod dystrophy. The Series C brings Beacon's total funding since its founding to approximately $367 million. Beacon is a clinical-stage biotechnology company with no disclosed revenue or EBITDA, as it has not yet commercialized any products. |
| Jun 2024 | Series B | Forbion Capital Partners (lead); TCG Crossover; University of Oxford; Oxford Science Enterprises; Advent Life Sciences; Syncona | $170M | $344M | Beacon Therapeutics is a clinical-stage ophthalmic gene therapy company founded in 2023 to develop treatments for prevalent and rare retinal diseases causing blindness, including X-linked retinitis pigmentosa (XLRP) with lead asset AGTC-501 (laru-zova), dry age-related macular degeneration (dAMD), and cone-rod dystrophy (CRD). The $170 million Series B financing round closed on July 3, 2024, led by Forbion Capital Partners, with participation from existing investors Syncona Limited, Oxford Science Enterprises, University of Oxford, and new investors TCG Crossover (TCGX) and Advent Life Sciences. J.P. Morgan acted as sole placement agent. Proceeds from the Series B will support continued clinical development of AGTC-501 for XLRP to generate Phase 1/2 data and advance the dAMD program into Phase 1/2 trials. Syncona invested £9.6 million of new capital since March 31, 2024, resulting in a holding value of $131.9 million (£104.0 million) at a maintained 38.4% ownership stake, implying a post-money valuation of approximately $344 million. New board members include Dmitrij Hristodorov and Wouter Joustra from Forbion, Cariad Chester from Syncona, with Dominic Schmidt as board observer. This Series B brought total funding to around $245 million prior to a subsequent oversubscribed $75 million Series C in early 2026 led by Goldman Sachs Alternatives, with Syncona committing $24.5 million to maintain its stake, writing up the holding by £29.3 million (20% increase from September 2025 valuation). The Series C funds laru-zova's pivotal VISTA trial (enrollment completed July 2025, data expected H2 2026), commercialization preparations, and pipeline expansion for Geographic Atrophy and cone-rod dystrophy. |
| Jun 2023 | Series A | Syncona (lead); Oxford Science Enterprises | $122M | $619M | Beacon Therapeutics is a London- and Cambridge-based ophthalmic gene therapy company developing treatments for retinal diseases causing blindness, including its lead program laru-zova for X-linked retinitis pigmentosa. The company launched in June 2023 with £96 million ($120 million) seed funding led by Syncona and including Oxford Science Enterprises to acquire AGTC and advance its pipeline to key milestones. In January 2024, Beacon closed an oversubscribed Series C financing for over $75 million, with Syncona investing $24.5 million, bringing total funding to approximately $367 million; proceeds support commercialization plans and laru-zova development. Post-Series C, Syncona's holding value reached USD237.6 million for a 38.4% stake, implying a total company value around USD619 million. Later, in July 2024, Beacon raised $170 million in Series B, with Syncona's holding at $131.9 million. |
Who has invested in Beacon Therapeutics?
8 investors have backed Beacon Therapeutics across its funding rounds, including Oxford Science Enterprises, Syncona, Forbion Capital Partners, Advent Life Sciences, Goldman Sachs Asset Management and University of Oxford.
Lead investors include Goldman Sachs Asset Management, Forbion Capital Partners and Syncona.
Beacon Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jun 2023 | ||
| 3 | Lead | Jun 2023 | ||
| 2 | Participant | Jun 2024 | ||
| 2 | Lead | Jun 2024 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Jun 2024 | ||
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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 TrialBeacon Therapeutics Competitors
Beacon Therapeutics competitors include listed companies like Lexeo Therapeutics and EyePoint, and private ones like AgNovos Bioscience, AIRNA, MetrioPharm and Eluminex Biosciences.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $338M | - | ||
| Private | - | - | $331M | - | ||
| Private | - | - | $387M | - | ||
| Private | - | - | $300M | - | ||
| Publicly listed | - | ($104M) | $344M | - | ||
| Publicly listed | $31M | ($241M) | $344M | 18.1x |
Beacon Therapeutics Public Comps
Beacon Therapeutics is still privately-owned, but its public comps include Lexeo Therapeutics, EyePoint, Luzhu Biotech, X4 Pharmaceuticals, VieMed, Orchestra BioMed, AVITA Medical, Advanced Technology Company, Century Therapeutics and Evommune.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($104M) | - | - | (1.3x) | (1.2x) | |||
| $31M | ($241M) | 5.9x | 18.1x | (0.8x) | (0.6x) | |||
| - | ($17M) | - | 771.9x | (19.8x) | (20.5x) | |||
| $35M | ($74M) | 6.2x | 10.1x | (2.9x) | - | |||
| $270M | $52M | 1.3x | 1.1x | 6.7x | 5.4x | |||
| $33M | ($51M) | 8.5x | 28.8x | (5.5x) | (3.5x) | |||
| $72M | ($41M) | 5.4x | 4.7x | (9.3x) | (14.7x) | |||
| $521M | $5M | 1.8x | - | 169.7x | - | |||
This data is available for Pro users. Sign up to see all Beacon Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Beacon Therapeutics
| When was Beacon Therapeutics founded? | Beacon Therapeutics was founded in 2023. |
| Where is Beacon Therapeutics headquartered? | Beacon Therapeutics is headquartered in London, United Kingdom. |
| Is Beacon Therapeutics publicly listed? | No, Beacon Therapeutics is a private, VC-backed company. |
| What is Beacon Therapeutics' valuation? | Beacon Therapeutics was last valued at $344M in its Series B in June 2024. |
| How much funding has Beacon Therapeutics raised? | Beacon Therapeutics has raised $367M across 3 funding rounds. |
| What was Beacon Therapeutics' last funding round? | Beacon Therapeutics' last funding round was a $75M Series C in January 2026, led by Goldman Sachs Asset Management. |
| Who are Beacon Therapeutics' investors? | Beacon Therapeutics' investors include Oxford Science Enterprises, Syncona, Advent Life Sciences, Forbion Capital Partners, TCG Crossover, University of Oxford, Retinal Degeneration Fund and Goldman Sachs Asset Management. |
| Which companies are comparable to Beacon Therapeutics? | Companies comparable to Beacon Therapeutics include AgNovos Bioscience, AIRNA, MetrioPharm, Eluminex Biosciences, Lexeo Therapeutics and EyePoint. |
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