- Companies
- Endeavor BioMedicines
Endeavor BioMedicines Valuation, Funding & Investors
Endeavor BioMedicines is valued at $650M as of April 2024.
Last Endeavor BioMedicines valuation
$650M
Series C · Apr 2024
Last Endeavor BioMedicines funding round
$133M
Series C · Apr 2024
Cumulative funding Endeavor BioMedicines raised
$296M
across 3 funding rounds
Key investors in Endeavor BioMedicines
Longitude Capital
Omega Funds
T. Rowe Price
Perceptive Advisors
Ally Bridge Group
Revelation Partners
About Endeavor BioMedicines
Endeavor BioMedicines is a clinical-stage biopharmaceutical company developing therapies for idiopathic pulmonary fibrosis. Solana Beach-headquartered in California, it advances its lead candidate, ENDEAVOR-101, a TNIK inhibitor in Phase 2 trials targeting fibrotic pathways. The firm raised $115 million in Series A financing from investors like Alpha Wave Global and Sanofi Ventures. Founded in 2018 by veterans from Gilead and Roche, Endeavor focuses on precision medicine for rare lung diseases affecting over 100,000 patients in the US.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$650M (Apr 2024)
Sectors
Endeavor BioMedicines Valuation
Endeavor BioMedicines is currently valued at $650M, based on its Series C in April 2024.
The $133M round was led by AyurMaya.
Endeavor BioMedicines valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2024 | Series C | $650M |
Endeavor BioMedicines Funding History
Endeavor BioMedicines has raised a total of $296M across 3 funding rounds.
Endeavor BioMedicines' first fundraising round was a $62M Series A in January 2021. The most recent completed round was a $133M Series C in April 2024.
Endeavor BioMedicines funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2024 | Series C | AyurMaya (lead) | $133M | $650M | Endeavor BioMedicines is a clinical-stage biotechnology company based in San Diego, California, founded in 2019, focused on developing transformational medicines for life-threatening diseases, particularly fibrotic lung diseases like idiopathic pulmonary fibrosis (IPF) and progressive pulmonary fibrosis (PPF), as well as solid tumors. Its lead pipeline candidate, ENV-101, is advancing through clinical development, with a Phase IIa trial completed in January 2024 and a Phase IIb trial planned later that year. The company is also developing ENV-501, a next-generation HER3-targeted antibody-drug conjugate for HER3-positive solid tumors, which is set to enter Phase I/II trials. On April 24-25, 2024, Endeavor BioMedicines closed an oversubscribed Series C financing round, raising $132.5 million, which included $5 million from the conversion of a convertible instrument. The round was led by AyurMaya, an affiliate of Matrix Capital Management, with new investors such as Fidelity Management & Research Company, Invus, SymBiosis, Velosity Capital, and Woodline Partners, alongside strong participation from existing investors including abrdn Inc., Ally Bridge Group, Avidity Partners, Eckuity Capital, Longitude Capital, Omega Funds, Perceptive Advisors, Piper Heartland Healthcare Capital, Silver Arch Bio, and T. Rowe Price Associates. Originally targeting $75-100 million, the round expanded due to high demand, up to $250 million available, extending the company's cash runway through 2026. The proceeds will fund clinical advancement of ENV-101 toward pivotal trials and ENV-501 through proof-of-concept studies. One report lists the Series C valuation at $650 million. CEO John Hood highlighted the investor support for the company's progress and potential to reverse disease trajectories, while new board member Karan Takhar from Matrix emphasized the disruptive potential of the candidates. With over 80 employees, Endeavor positions itself in the competitive biotech sector addressing unmet needs in fibrosis and oncology. |
| Feb 2022 | Series B | Ally Bridge Group (lead); Avidity Partners (lead); Piper Heartland Healthcare Capital; Revelation Partners; T. Rowe Price; Tekla Capital Management; Omega Funds; Longitude Capital; Perceptive Advisors | $101M | - | Endeavor BioMedicines, a San Diego-based clinical-stage biotechnology company, focuses on developing precision medicines targeting genetic drivers of cancer and fibrosis, including idiopathic pulmonary fibrosis (IPF). The company launched in January 2021 with a $62 million Series A financing led by Omega Funds, Longitude Capital, and management. Its lead program, ENV-101 (taladegib), is a small molecule inhibitor of the PTCH1 receptor in the Hedgehog signaling pathway, previously developed by Eli Lilly and Roche, now advanced by Endeavor for cancers and IPF. A second candidate, ENV-201, targets ULK1/2 inhibition for KRAS-driven cancers, licensed from Salk Institute and Sanford Burnham Prebys. On February 7, 2022, Endeavor closed a $101 million oversubscribed Series B financing led by Ally Bridge Group and Avidity Partners, with participation from new investors Perceptive Advisors, Piper Heartland Healthcare Capital, Revelation Partners, Tekla Capital Management, T. Rowe Price, and existing investors Omega Funds and Longitude Capital. The proceeds support advancing the clinical-stage pipeline, including Phase 2 trials for ENV-101 in ovarian cancer and IPF, and initiating a Phase 1 trial for ENV-201 within 18 months, plus potential in-licensing of additional assets. CEO John Hood, co-founder with prior experience selling Impact Biomedicines to Celgene for $1.1 billion, emphasized delivering drugs to precisely identified patients. Endeavor positions its therapies to address root causes like Hedgehog signaling in fibrosis, competing with approved IPF drugs from Boehringer Ingelheim and Roche. The company later raised a $132.5 million oversubscribed Series C in 2024 led by AyurMaya (Matrix Capital Management affiliate) to further develop ENV-101 for fibrotic lung diseases and ENV-501, a HER3-targeted ADC licensed from Hummingbird Bioscience for solid tumors. |
| Jan 2021 | Series A | Longitude Capital (lead); Omega Funds (lead) | $62M | - | Endeavor BioMedicines launched in January 2021 with a $62 million Series A financing led by Omega Funds and Longitude Capital, along with participation from the company's management. The San Diego-based biotech focuses on precision medicines for cancer and fibrosis, particularly idiopathic pulmonary fibrosis (IPF) and KRAS-driven cancers. Co-founded by CEO John Hood, previously of Impact Biomedicines (acquired by Celgene for $1.1 billion), and CSO Miguel de los Rios, formerly CEO of Rift Biotherapeutics, the company in-licensed taladegib (ENV-101), a PTCH1 inhibitor targeting the Hedgehog pathway from Eli Lilly, to advance into Phase 2 trials for IPF and cancer. The Series A funds supported two Phase 2 clinical trials to assess taladegib's potential to reverse or slow IPF progression, a condition with 2-5 year mean survival post-diagnosis. A second asset, ENV-201, a ULK1/2 inhibitor, targets KRAS-driven cancers. Subsequent rounds included a $101 million Series B in September 2021 led by Ally Bridge Group and Avidity Partners, with participation from Omega Funds, Longitude Capital, Perceptive Advisors, and others, to advance the pipeline. Later financings comprised a Series B/Convertible Note in February 2022, and a $127.5 million Series C in April 2024 led by multiple investors including Longitude and Omega. |
Who has invested in Endeavor BioMedicines?
10 investors have backed Endeavor BioMedicines across its funding rounds, including Longitude Capital, Omega Funds, T. Rowe Price, Perceptive Advisors, Ally Bridge Group and Revelation Partners.
Lead investors include AyurMaya, Ally Bridge Group, Avidity Partners, Longitude Capital and Omega Funds.
Endeavor BioMedicines Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2021 | ||
| 2 | Lead | Jan 2021 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
| -- | 1 | Lead | Apr 2024 | |
| 1 | Lead | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
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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 TrialEndeavor BioMedicines Competitors
Endeavor BioMedicines competitors include listed companies like Neurogene and OmniAb, and private ones like Expedition Therapeutics, Lepu Bio, MAXVAX and Shenzhen Luye.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $650M | - | ||
| Publicly listed | - | ($99M) | $649M | - | ||
| Private | - | - | $654M | - | ||
| Publicly listed | $19M | ($47M) | $646M | 20.2x | ||
| Private | - | - | $646M | - | ||
| Private | - | - | $667M | - |
Endeavor BioMedicines Public Comps
Endeavor BioMedicines is still privately-owned, but its public comps include Neurogene, OmniAb, Altimmune, Oneness Biotech, Chong Kun Dang Pharma, Phathom Pharmaceuticals, Senores Pharmaceuticals, Medigen Vaccine Biologics, Valneva and Crescent Biopharma.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($99M) | - | - | (4.4x) | - | |||
| $19M | ($47M) | 32.8x | 20.2x | (13.0x) | (18.4x) | |||
| $41K | ($95M) | 8292.1x | 29102.1x | (3.6x) | (3.2x) | |||
| $4M | ($29M) | 127.4x | 138.1x | (17.7x) | (30.0x) | |||
| $1.2B | $92M | 0.6x | 0.5x | 7.7x | 8.2x | |||
| $175M | ($160M) | 3.5x | 2.2x | (3.8x) | (19.0x) | |||
| $64M | $21M | 10.9x | 8.8x | 33.3x | 30.6x | |||
| $19M | ($5M) | 31.0x | 26.0x | (118.5x) | (153.9x) | |||
This data is available for Pro users. Sign up to see all Endeavor BioMedicines competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Endeavor BioMedicines
| When was Endeavor BioMedicines founded? | Endeavor BioMedicines was founded in 2018. |
| Where is Endeavor BioMedicines headquartered? | Endeavor BioMedicines is headquartered in San Diego, CA, United States. |
| Is Endeavor BioMedicines publicly listed? | No, Endeavor BioMedicines is a private, VC-backed company. |
| What is Endeavor BioMedicines' valuation? | Endeavor BioMedicines was last valued at $650M in its Series C in April 2024. |
| How much funding has Endeavor BioMedicines raised? | Endeavor BioMedicines has raised $296M across 3 funding rounds. |
| What was Endeavor BioMedicines' last funding round? | Endeavor BioMedicines' last funding round was a $133M Series C in April 2024, led by AyurMaya. |
| Who are Endeavor BioMedicines' investors? | Endeavor BioMedicines' investors include Omega Funds, Longitude Capital, Piper Heartland Healthcare Capital, Revelation Partners, AyurMaya, Avidity Partners, T. Rowe Price, Tekla Capital Management, Ally Bridge Group and Perceptive Advisors. |
| Which companies are comparable to Endeavor BioMedicines? | Companies comparable to Endeavor BioMedicines include Expedition Therapeutics, Neurogene, Lepu Bio, OmniAb, MAXVAX and Shenzhen Luye. |
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