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- Cedilla Therapeutics
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
Third Rock Ventures
RA Capital Management
Casdin Capital
Eli Lilly
Janus Henderson
Boxer Capital
Logos Capital
Schroder Adveq
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Sectors
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2021 | Series B | RA Capital Management (lead); Third Rock Ventures; Janus Henderson; Woodline Partners; Logos Capital | $25M | Cedilla 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 2020 | Series B | Boxer Capital (lead); Casdin Capital (lead); Schroder Adveq; Third Rock Ventures; Eli Lilly | $58M | Cedilla 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 2018 | Series A | Third Rock Ventures (lead) | $56M | Cedilla 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Apr 2018 | ||
| 1 | Lead | Oct 2020 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Lead | Oct 2020 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2020 | ||
This data is available for Pro users. Sign up to see all 9 Cedilla 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 TrialCedilla 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $65B | $28B | $1.0T | 13.1x | ||
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $61B | $17B | $467B | 8.1x | ||
| Publicly listed | $65B | $28B | $363B | 6.2x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
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 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 Cedilla Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
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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