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- BlackThorn Therapeutics
BlackThorn Therapeutics Funding, Investors & Competitors
BlackThorn Therapeutics has raised $130M across 3 funding rounds, most recently a $76M Series B in June 2019.
Last BlackThorn Therapeutics funding round
$76M
Series B · Jun 2019
Cumulative funding BlackThorn Therapeutics raised
$130M
across 3 funding rounds
Key investors in BlackThorn Therapeutics
GV
Alexandria Venture Investments
ARCH Venture Partners
Johnson & Johnson Innovation
Mercury Fund
Altitude Life Science Ventures
Biomatics Capital Partners
Polaris Partners
About BlackThorn Therapeutics
BlackThorn Therapeutics is a San Francisco-headquartered clinical-stage biopharmaceutical company targeting central nervous system disorders. Its pipeline includes BTRX-246040 for neurogenic orthostatic hypotension in Phase 2 trials and a computational platform identifying brain circuit targets for mood and anxiety conditions.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
BlackThorn Therapeutics Funding History
BlackThorn Therapeutics has raised a total of $130M across 3 funding rounds.
BlackThorn Therapeutics' first fundraising round was a $40M Series A in October 2016. The most recent completed round was a $76M Series B in June 2019.
BlackThorn Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2019 | Series B | The Scripps Research Institute; GV; Vertex Ventures HC; Alexandria Venture Investments; Polaris Partners; Biomatics Capital Partners; Premier Partners; Altitude Life Science Ventures; Mercury Fund; Johnson & Johnson Innovation; ARCH Venture Partners | $76M | BlackThorn Therapeutics is a San Francisco-based clinical-stage neurobehavioral health company founded in 2015 and spun out of Scripps Research Institute in 2013. The company uses artificial intelligence and machine learning combined with computational sciences to develop targeted therapeutics for brain disorders, specifically focusing on identifying patient subgroups most likely to respond to treatment through patient enrichment strategies. BlackThorn's lead program is BTRX-335140, a kappa opioid receptor antagonist for mood and anxiety disorders, which was in Phase I clinical development with plans to enter Phase II trials by the end of 2019. The company's second program, BTRX-323511, targets vasopressin 1a receptors for social-emotional disorders including autism spectrum disorder, with an IND filing planned for early 2020. In June 2019, BlackThorn closed a $76 million Series B financing round led by new investors Polaris Partners, Premier Partners, Scripps Research, and Vertex Ventures HC, alongside existing backers including Google Ventures, Johnson & Johnson Innovation, ARCH Venture Partners, Alexandria Venture Investments, Altitude Life Science Ventures, Biomatics Capital, and Mercury Fund. The Series B funding supported advancement of BTRX-335140 into Phase II trials and expansion of the company's computational and data-driven technology platform. The company also made executive appointments during this period, adding Dr. Jane Tiller as chief medical officer and Laura Hansen as vice president of corporate affairs. As of the Series B close, BlackThorn had raised $130 million across seven funding rounds since inception. |
| Jan 2017 | Series A | Biomatics Capital Partners (lead); GV (lead) | $14M | BlackThorn Therapeutics is a San Francisco-based neurobehavioral health company using machine learning and computational sciences to develop personalized medicine for mental health disorders. The company's platform combines brain imaging, behavioral evaluation, and a cloud-based data tool called PathFinder to design more precise clinical trials and address patient heterogeneity in neuropsychiatric drug development. In January 2017, BlackThorn closed a Series A financing round of $14 million. The company's lead therapeutic candidates include BTRX-335140 for mood and anxiety disorders, which later showed positive Phase I results in April 2019, and BTRX-323511 in preclinical development for autism spectrum disorder. |
| Oct 2016 | Series A | ARCH Venture Partners (lead); Alexandria Venture Investments; Altitude Life Science Ventures; Mercury Fund; Johnson & Johnson Innovation | $40M | BlackThorn Therapeutics is a clinical-stage neurobehavioral health company founded in 2013 as a spinout from the Scripps Research Institute. The company pioneers artificial intelligence and machine learning technologies to advance targeted therapeutics for psychiatric and neurological disorders, including mood, anxiety, and autism-related conditions. BlackThorn's proprietary approach relies on combining a large library of deeply phenotyped clinical neurobiological data with cloud-based AI platforms to identify patient subgroups most likely to respond to specific drug candidates, addressing a historical challenge in neuropsychiatric drug development where patient heterogeneity has hampered clinical trial success. On October 20, 2016, BlackThorn closed a $40 million Series A funding round led by existing investor ARCH Venture Partners, with participation from Altitude Life Science Ventures, Johnson & Johnson Innovation (JJDC), Mercury Fund, newly added Alexandria Real Estate Equities, and an undisclosed crossover fund. The company's lead candidates in development included BTRX-335140 for mood and anxiety disorders and BTRX-323511 in preclinical development for autism. As a clinical-stage company at the time of the 2016 Series A round, BlackThorn had not yet generated commercial revenue. The company subsequently raised a $76 million Series B in June 2019 from new investors Polaris Partners, Premier Partners, Scripps Research, and Vertex Ventures HC, alongside existing backers, with the proceeds supporting advancement of its drug pipeline and expansion of its clinical team and platform capabilities. |
Who has invested in BlackThorn Therapeutics?
11 investors have backed BlackThorn Therapeutics across its funding rounds, including GV, Alexandria Venture Investments, ARCH Venture Partners, Johnson & Johnson Innovation, Mercury Fund and Altitude Life Science Ventures.
Lead investors include Biomatics Capital Partners, GV and ARCH Venture Partners.
BlackThorn Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2017 | ||
| 2 | Participant | Oct 2016 | ||
| 2 | Lead | Jan 2017 | ||
| 2 | Participant | Oct 2016 | ||
| 2 | Participant | Oct 2016 | ||
| 2 | Participant | Oct 2016 | ||
| 2 | Lead | Oct 2016 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Jun 2019 | ||
This data is available for Pro users. Sign up to see all 11 BlackThorn Therapeutics investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialBlackThorn Therapeutics Competitors
BlackThorn Therapeutics competitors include listed companies like Johnson & Johnson, Shionogi and Eli Lilly, and private ones like NewLimit, MindMaze and BrightInsight.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3.1B | - | ||
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $3.2B | $1.2B | $16B | 4.4x | ||
| Private | $8M | - | $1.5B | 187.5x | ||
| Private | - | - | $750M | - | ||
| Publicly listed | $65B | $28B | $1.0T | 13.1x |
BlackThorn Therapeutics Public Comps
BlackThorn 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 BlackThorn Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about BlackThorn Therapeutics
| When was BlackThorn Therapeutics founded? | BlackThorn Therapeutics was founded in 2015. |
| Where is BlackThorn Therapeutics headquartered? | BlackThorn Therapeutics is headquartered in San Francisco, CA, United States. |
| Is BlackThorn Therapeutics publicly listed? | No, BlackThorn Therapeutics is a private, VC-backed company. |
| How much funding has BlackThorn Therapeutics raised? | BlackThorn Therapeutics has raised $130M across 3 funding rounds. |
| What was BlackThorn Therapeutics' last funding round? | BlackThorn Therapeutics' last funding round was a $76M Series B in June 2019. |
| Who are BlackThorn Therapeutics' investors? | BlackThorn Therapeutics' investors include GV, Alexandria Venture Investments, Biomatics Capital Partners, Altitude Life Science Ventures, Mercury Fund, Johnson & Johnson Innovation, ARCH Venture Partners, The Scripps Research Institute, Vertex Ventures HC, Polaris Partners and 1 other. |
| Which companies are comparable to BlackThorn Therapeutics? | Companies comparable to BlackThorn Therapeutics include NewLimit, Johnson & Johnson, Shionogi, MindMaze, BrightInsight and Eli Lilly. |
See companies similar to BlackThorn Therapeutics
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