Cedilla Therapeutics Funding, Investors & Competitors

Cedilla Therapeutics has raised $139M across 3 funding rounds, most recently a $25M Series B in October 2021.

Last Cedilla Therapeutics funding round

$25M

Series B · Oct 2021

Cumulative funding Cedilla Therapeutics raised

$139M

across 3 funding rounds

Key investors in Cedilla Therapeutics

Cedilla Therapeutics Overview

About Cedilla Therapeutics

Cedilla Therapeutics is a Cambridge-headquartered biotechnology company founded in 2018 that develops small molecule therapeutics targeting protein dysregulation. The firm's technology focuses on destabilizing oncoproteins through induced proximity degradation mechanisms, with applications in oncology and beyond. Acquired by Novartis in October 2023, Cedilla advances multiple degrader programs aimed at previously undruggable targets in cancer and other diseases.


Founded

2018

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Cedilla Therapeutics Funding History

Cedilla Therapeutics has raised a total of $139M across 3 funding rounds.

Cedilla Therapeutics' first fundraising round was a $56M Series A in April 2018. The most recent completed round was a $25M Series B in October 2021.

Cedilla Therapeutics funding rounds

Cedilla Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2021Series BRA Capital Management (lead); Third Rock Ventures; Janus Henderson; Woodline Partners; Logos Capital$25MCedilla Therapeutics, a Cambridge, Massachusetts-based biotechnology company, develops small molecule therapeutics that conditionally modulate proteins in their functional state to advance precision oncology, targeting historically undruggable cancer drivers like TEAD and CDK2. The company announced on October 25, 2021, an expansion of its Series B financing with an additional $25 million, bringing the total Series B to $82.6 million. This oversubscribed extension included new investors RA Capital Management (lead), Janus Henderson Investors, Woodline Partners LP, and Logos Capital, alongside existing investor Third Rock Ventures. Jake Simson, Ph.D., Partner at RA Capital Management, joined the Board of Directors. The initial Series B tranche of $57.6 million was closed in October 2020, backed by Eli Lilly, Casdin Capital, Boxer Capital, Schroder Adveq, Third Rock Ventures, and others. Prior to that, Cedilla raised $56.2 million in Series A funding in 2018 from Third Rock Ventures upon its public launch. Cedilla plans to use the proceeds to advance its lead programs, initiating IND-enabling studies for the TEAD inhibitor in the first half of 2022 and for the CDK2 inhibitor in the second half of 2022, while expanding discovery efforts against additional high-value cancer targets. The company's approach aims to challenge perceptions of TEAD and CDK2 as undruggable, potentially offering well-tolerated and effective options for cancer patients.
Oct 2020Series BBoxer Capital (lead); Casdin Capital (lead); Schroder Adveq; Third Rock Ventures; Eli Lilly$58MCedilla Therapeutics is a biotechnology company developing targeted small molecule medicines for cancer and diseases caused by protein dysregulation, using a target-centric approach to identify and modulate functionally-relevant proteoforms of high-value targets like TEAD and CDK2. Cedilla's approach focuses on previously unexploited proteoforms, aiming to address scientifically-validated disease drivers undruggable by conventional therapies. The company announced the closing of a $57.6 million Series B financing on October 13, 2020, co-led by Casdin Capital and Boxer Capital of Tavistock Group, with participation from new investors Eli Lilly and Company, Schroder Adveq, undisclosed institutional investors, and existing investor Third Rock Ventures. Eli Casdin and Dominik Naczynski joined the board in connection with the financing. This Series B round later expanded to $82.6 million with an additional $25 million oversubscribed extension in 2021, including RA Capital Management, Woodline Partners, Janus Henderson Investments, Logos Capital, and Third Rock Ventures; RA Capital partner Jake Simpson joined the board. The funds supported advancing TEAD and CDK2 inhibitors toward Investigational New Drug applications and ongoing discovery against additional cancer targets. Previously, Cedilla raised $56.2 million in Series A funding in 2018 from Third Rock Ventures upon public launch.
Apr 2018Series AThird Rock Ventures (lead)$56MCedilla Therapeutics is a Cambridge, Massachusetts-based biotechnology company developing small-molecule therapeutics targeting protein stability mechanisms to expand treatment options for cancer and other diseases caused by protein dysregulation. The company was founded in summer 2017 by academics from Harvard University and UC San Francisco, with CEO Alexandra Glucksmann, the former COO of Editas Medicine. Cedilla's platform focuses on understanding and exploiting protein stability, aiming to target the estimated 85 percent of human proteins considered "undruggable" by conventional small-molecule approaches. The company employs strategies including designing molecules that bind proteins, targeting regulatory players, or degrading protein partners to destabilize harmful protein interactions. In April 2018, Cedilla publicly launched with $56.2 million in Series A funding led by Third Rock Ventures, which had engaged with the company's scientific co-founders Bill Kaelin and Alan D'Andrea since 2017. At launch, the company had 12 employees and planned to expand to over 25 by year-end 2018, with initial focus on cancer targets and expansion into neuroscience. The funding would support research to uncover fundamental principles governing protein stability and advance the company toward its first value inflection point in clinical development.

Who has invested in Cedilla Therapeutics?

9 investors have backed Cedilla Therapeutics across its funding rounds, including Third Rock Ventures, RA Capital Management, Casdin Capital, Eli Lilly, Janus Henderson and Boxer Capital.

Lead investors include RA Capital Management, Boxer Capital, Casdin Capital and Third Rock Ventures.


Cedilla Therapeutics Investors

Investors in Cedilla Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Third Rock VenturesUnited StatesBoston, MA3LeadApr 2018
Boxer CapitalUnited StatesOrlando, FL1LeadOct 2020
Schroder AdveqSwitzerlandZurich1ParticipantOct 2020
Casdin CapitalUnited StatesNew York City, NY1LeadOct 2020
Janus HendersonUnited StatesLondon1ParticipantOct 2021
Woodline PartnersUnited StatesSan Francisco, CA1ParticipantOct 2021
Eli LillyUnited StatesIndianapolis, IN1ParticipantOct 2020

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Cedilla Therapeutics Competitors

Cedilla Therapeutics competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.

Public and private companies comparable to Cedilla Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$467B8.1x
MerckUnited StatesUnited StatesPublicly listed$65B$28B$363B6.2x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x

Cedilla Therapeutics Public Comps

Cedilla 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

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Common questions about Cedilla Therapeutics

When was Cedilla Therapeutics founded?Cedilla Therapeutics was founded in 2018.
Where is Cedilla Therapeutics headquartered?Cedilla Therapeutics is headquartered in United States.
Is Cedilla Therapeutics publicly listed?No, Cedilla Therapeutics is a private, VC-backed company.
How much funding has Cedilla Therapeutics raised?Cedilla Therapeutics has raised $139M across 3 funding rounds.
What was Cedilla Therapeutics' last funding round?Cedilla Therapeutics' last funding round was a $25M Series B in October 2021, led by RA Capital Management.
Who are Cedilla Therapeutics' investors?Cedilla Therapeutics' investors include Third Rock Ventures, Boxer Capital, Schroder Adveq, Casdin Capital, Janus Henderson, Woodline Partners, Eli Lilly, Logos Capital and RA Capital Management.
Which companies are comparable to Cedilla Therapeutics?Companies comparable to Cedilla Therapeutics include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics.

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