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- Bryn Pharma
Bryn Pharma Funding, Investors & Competitors
Bryn Pharma has raised $125M across 6 funding rounds, most recently a $27M undisclosed-stage round in May 2023.
Last Bryn Pharma funding round
$27M
Undisclosed stage · May 2023
Cumulative funding Bryn Pharma raised
$125M
across 6 funding rounds
Key investors in Bryn Pharma
Capstone Partners
AllerFund
RezVen Partners
Chazen Capital Partners
About Bryn Pharma
Bryn Pharma specializes in nasal delivery pharmaceuticals, developing a bi-dose intranasal epinephrine formulation for anaphylaxis rescue. The needle-free device offers portability and ease of use over epinephrine auto-injectors, targeting patients with severe allergies.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Bryn Pharma Funding History
Bryn Pharma has raised a total of $125M across 6 funding rounds.
Bryn Pharma's first fundraising round was a $9M Series A in July 2018. The most recent completed round was a $27M undisclosed-stage round in May 2023.
Bryn Pharma funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2023 | Undisclosed stage | - | $27M | Bryn Pharma is a privately held pharmaceutical company based in Raleigh, NC (with some references to Lebanon, NJ), focused on developing and commercializing needle-free intranasal epinephrine nasal spray products like UTULY and Bidose for treating anaphylaxis as alternatives to traditional auto-injectors. The company aims to address delays in epinephrine administration due to needle phobia by offering a portable, pocket-friendly nasal delivery system that is easier to use during life-threatening allergic reactions. Separate disclosures indicate an additional $15 million raised from 82 investors as part of a $20 million offering filed with the SEC, supporting commercialization efforts ahead of FDA approval and launch. Another report notes $26.7 million in venture funding from Fourward Ventures and others on July 5, 2023. Total funding raised by the company exceeds $100-129 million across multiple rounds up to that point. Leadership changes included appointing Sandy Loreaux as CEO in March 2023, with Dr. David Dworaczyk transitioning to senior advisor and head of R&D, and James Borneman as COO to oversee operations for product launch. The company was advancing toward U.S. market application for its epinephrine nasal spray amid preparations for commercial rollout. Bryn Pharma operates in the allergy and anaphylaxis treatment market, competing with established epinephrine auto-injectors by emphasizing needle-free delivery for faster, more accessible emergency response. |
| Jul 2021 | Undisclosed stage | Chazen Capital Partners; Capstone Partners; AllerFund | $44M | Bryn Pharma is a Raleigh, NC-based pharmaceutical company developing needle-free intranasal epinephrine nasal spray (previously BRYN-NDS1C, later UTULY) as an alternative to auto-injectors like EpiPen for treating anaphylaxis, aiming to reduce delays due to needle phobia. Earlier, on October 24, 2019, Bryn raised $17.5 million (Series C) from existing/new investors and a corporate collaborator to fund FDA approval and commercialization preparation after completing pivotal human trials and receiving Fast Track Designation. Subsequent rounds include a Series E for $26.72 million on May 10, 2023, a Series D-II on October 11, 2022, and others, bringing total funding to approximately $125-130 million by 2025, with a latest convertible note of $4.69 million on August 14, 2025. In May 2023, Bryn raised $15 million of a $20 million offering from 82 investors for UTULY commercialization, appointing new CEO Sandy Loreaux and COO James Borneman ahead of FDA approval. |
| Aug 2020 | Series A | RezVen Partners | $11M | - |
| Oct 2019 | Undisclosed stage | - | $18M | Bryn Pharma raised $17.5 million in October 2019 as its fourth financing series, with $15 million from existing and new investors including investment funds, family offices, and private investors, plus $2.5 million from a corporate collaborator. The company developed BRYN-NDS1C, a needle-free, portable, bidose epinephrine nasal spray designed to treat anaphylaxis as an alternative to carrying two separate epinephrine auto-injectors. The financing was intended to fund U.S. FDA approval and commercialization of the product. Bryn Pharma had received Fast Track Designation from the FDA in early 2019 and had completed dosing in its pivotal human trial in October 2019, the same month as the funding announcement. The company's product addresses a significant market opportunity, with an estimated 49 million Americans at risk for anaphylaxis, though studies showed less than half of diagnosed patients carry even one auto-injector. |
| Feb 2019 | Undisclosed stage | - | $17M | Bryn Pharma, a biotechnology company based in Raleigh, North Carolina, develops a needle-free bidose epinephrine nasal spray (BRYN-NDS1C) for treating anaphylaxis. The product uses Aptar’s Bidose nasal device and complies with practice parameters by containing two doses in one portable device. In February 2019, Bryn Pharma completed a seed round raising $8.5 million. Later in October 2019, the company raised $17.5 million in its Series C round, including $15 million from existing and new investors such as investment funds, family offices, and private investors, plus $2.5 million from a corporate collaborator. The funds supported U.S. FDA approval preparation and commercialization of BRYN-NDS1C, which received Fast Track designation earlier in 2019 and completed dosing in a pivotal human trial in October 2019. Bryn Pharma has raised a total of approximately $129.89 million across 9 funding rounds, with later rounds including Series D in 2021 and Series E of $26.72 million on May 10, 2023, led by investors like Blue Cloud Ventures and Fourward Ventures. |
| Jul 2018 | Series A | - | $9M | - |
Who has invested in Bryn Pharma?
4 investors have backed Bryn Pharma across its funding rounds, including Capstone Partners, AllerFund, RezVen Partners and Chazen Capital Partners.
Bryn Pharma Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Jul 2021 | ||
This data is available for Pro users. Sign up to see all 4 Bryn Pharma 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 TrialBryn Pharma Competitors
Bryn Pharma competitors include listed companies like Johnson & Johnson and Roche, and private ones like Biosplice Therapeutics, Biomat USA, ArsenalBio and BioRay Pharmaceuticals.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $77B | $26B | $351B | 4.9x | ||
| Private | - | - | $12B | - | ||
| Private | - | - | $4.2B | - | ||
| Private | - | - | $1.9B | - | ||
| Private | $131M | - | $1.9B | 14.5x |
Bryn Pharma Public Comps
Bryn Pharma is still privately-owned, but its public comps include Samsung, Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Thermo Fisher Scientific and Siemens.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $243B | $67B | 4.4x | 2.4x | 15.8x | 4.4x | |||
| $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 | |||
This data is available for Pro users. Sign up to see all Bryn Pharma competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Bryn Pharma
| When was Bryn Pharma founded? | Bryn Pharma was founded in 2017. |
| Where is Bryn Pharma headquartered? | Bryn Pharma is headquartered in Los Angeles, CA, United States. |
| Is Bryn Pharma publicly listed? | No, Bryn Pharma is a private, VC-backed company. |
| How much funding has Bryn Pharma raised? | Bryn Pharma has raised $125M across 6 funding rounds. |
| What was Bryn Pharma's last funding round? | Bryn Pharma's last funding round was a $27M undisclosed-stage round in May 2023. |
| Who are Bryn Pharma's investors? | Bryn Pharma's investors include RezVen Partners, Chazen Capital Partners, Capstone Partners and AllerFund. |
| Which companies are comparable to Bryn Pharma? | Companies comparable to Bryn Pharma include Johnson & Johnson, Roche, Biosplice Therapeutics, Biomat USA, ArsenalBio and BioRay Pharmaceuticals. |
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