Evox Therapeutics Valuation, Funding & Investors

Evox Therapeutics is valued at $111M as of September 2018.

Last Evox Therapeutics valuation

$111M

Series B · Sep 2018

Last Evox Therapeutics funding round

$96M

Series C · Feb 2021

Cumulative funding Evox Therapeutics raised

$167M

across 4 funding rounds

Key investors in Evox Therapeutics

  • Oxford Science Enterprises
  • GV
  • Redmile Group
  • Cowen Healthcare Investments
  • OrbiMed
  • Invus

Evox Therapeutics Overview

About Evox Therapeutics

Evox Therapeutics is an Oxford-headquartered biotechnology firm engineering exosomes for drug delivery. The company modifies extracellular vesicles to target hard-to-reach tissues like the brain, loading them with proteins, antibodies, or RNA therapeutics for diseases including rare genetic disorders and neurodegeneration. With a portfolio of 20 patents and partnerships with Takeda and Sanofi, Evox raised $110 million in Series B funding in 2022. Its LoadXpert platform scales production for clinical trials underway in Europe.


Founded

2016

HQ

United KingdomOxford

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Valuation

$111M (Sep 2018)

Evox Therapeutics Valuation

Evox Therapeutics is currently valued at $111M, based on its Series B in September 2018.

The $46M round was led by Redmile Group, with participation from Panacea Venture, Cowen Healthcare Investments, GV, Oxford University Innovation, Oxford Science Enterprises and 1 other investor.

Evox Therapeutics valuation by funding round

Evox Therapeutics valuation by funding round
DateStageValuation
Sep 2018Series B$111M

Evox Therapeutics Funding History

Evox Therapeutics has raised a total of $167M across 4 funding rounds.

Evox Therapeutics' first fundraising round was a $15M Series A in May 2016. The most recent completed round was a $96M Series C in February 2021.

Evox Therapeutics funding rounds

Evox Therapeutics funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2021Series CRedmile Group (lead); Cowen Healthcare Investments; GV; Invus; Oxford Science Enterprises; Eli Lilly; OrbiMed$96M-Evox Therapeutics, an Oxford-based biotechnology company, develops exosome-based therapeutics leveraging its proprietary DeliverEX platform to engineer extracellular vesicles for targeted drug delivery, particularly for rare diseases, neurological disorders, and metabolic conditions. The company announced a $95.4 million (£69.2 million) oversubscribed Series C financing round on February 18, 2021, led by Redmile Group, with participation from new investors OrbiMed and Invus, all existing Series B investors including Oxford Science Enterprises (formerly Oxford Sciences Innovation), GV (Google Ventures), and Cowen Healthcare Investments, plus Eli Lilly converting a $10 million note from a 2020 collaboration into equity. Proceeds were allocated to advance the exosome therapeutics pipeline, including progressing rare disease assets like those for urea cycle disorders into IND-enabling studies and the clinic, and further developing the DeliverEX platform. The round reflects strong investor confidence in Evox's progress since its 2018 Series B, including platform development, pipeline advancement, IP expansion, R&D buildout, management strengthening, and partnerships with Eli Lilly and Takeda. OrbiMed partner Chau Khuong joined the board in connection with the financing. Evox focuses on harnessing exosomes' natural delivery capabilities to create novel therapeutics for severe diseases with limited treatment options, backed by leading life sciences VCs.
Jun 2020Series ALilly Ventures (lead)$10M--
Sep 2018Series BRedmile Group (lead); Panacea Venture; Cowen Healthcare Investments; GV; Oxford University Innovation; Oxford Science Enterprises; Borealis Ventures$46M$111MEvox Therapeutics, an Oxford, UK-based company founded in 2016 by Professor Matthew Wood of Oxford University and others, develops exosome-based therapeutics leveraging extracellular vesicles for targeted drug delivery to hard-to-reach tissues like the brain. The company engineers exosomes via its DeliverEX or ExoEdit platform to deliver antibodies, proteins, nucleic acids, and small molecules for rare diseases and other indications. On September 3, 2018, Evox announced completion of a £35.5 million ($45.4 million) Series B financing round, led by Redmile Group with participation from GV (Google Ventures), Cowen Healthcare Investments, Panacea Venture, Borealis Ventures, Oxford Science Enterprises (as OSI), Oxford University Innovation (as Oxford University), and private investors. This followed a £10 million Series A from OSI. Proceeds funded advancement of its exosome therapeutics pipeline toward clinical development, expansion of the exosome delivery platform, R&D team growth, IP portfolio strengthening, and advisory board establishment. CEO Antonin de Fougerolles highlighted the platform's potential for diverse drug modalities. Redmile's Jeremy Green endorsed exosomes as an emerging therapeutic modality. Later, Evox raised a $95.4 million (£69.2 million) Series C in 2021 led by Redmile with OrbiMed, Invus, and others, plus Eli Lilly converting a $10M note from a 2020 collaboration; total funding reached ~$169M across rounds. Partnerships with Eli Lilly and Takeda followed, advancing rare disease assets to clinic.
May 2016Series AOxford Science Enterprises (lead)$15M--

Who has invested in Evox Therapeutics?

11 investors have backed Evox Therapeutics across its funding rounds, including Oxford Science Enterprises, GV, Redmile Group, Cowen Healthcare Investments, OrbiMed and Invus.

Lead investors include Redmile Group, Lilly Ventures and Oxford Science Enterprises.


Evox Therapeutics Investors

Investors in Evox Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Oxford Science EnterprisesUnited KingdomOxford3LeadMay 2016
Cowen Healthcare InvestmentsUnited StatesNew York City, NY2ParticipantSep 2018
Redmile GroupUnited StatesSan Francisco, CA2LeadSep 2018
GVUnited StatesSan Francisco, CA2ParticipantSep 2018
Lilly VenturesUnited StatesIndianapolis, IN1LeadJun 2020
Panacea VentureCayman IslandsGeorge Town1ParticipantSep 2018
Oxford University InnovationUnited KingdomOxford1ParticipantSep 2018
InvusUnited StatesNew York City, NY1ParticipantFeb 2021
Eli LillyUnited StatesIndianapolis, IN1ParticipantFeb 2021

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Evox Therapeutics Competitors

Evox Therapeutics competitors include listed companies like Black Diamond Therapeutics and Bioceltix, and private ones like Tahoe Therapeutics, AskGene Pharma, Atomic AI and RedShift BioAnalytics.

Public and private companies comparable to Evox Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Tahoe TherapeuticsUnited StatesSan Francisco, CAPrivate--$120M-
AskGene PharmaUnited StatesLos Angeles, CAPrivate--$100M-
Atomic AIUnited StatesUnited StatesPrivate--$125M-
RedShift BioAnalyticsUnited StatesUnited StatesPrivate--$88M-
Black Diamond TherapeuticsUnited StatesUnited StatesPublicly listed$70M$19M$111M0.7x
BioceltixPolandPolandPublicly listed-($4M)$111M-

Evox Therapeutics Public Comps

Evox Therapeutics is still privately-owned, but its public comps include Black Diamond Therapeutics, Bioceltix, Paradigm Biopharma, Easywell Biomedicals, Coya Therapeutics, PMV Pharma, Medivir, Cumberland, Milestone Pharmaceuticals and Nanexa.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Black Diamond Therapeutics$70M$19M0.2x0.7x0.9x(0.6x)
Bioceltix-($4M)--(24.6x)(23.9x)
Paradigm Biopharma$57K($39M)1853.1x23.2x(2.7x)(3.6x)
Easywell Biomedicals$19M$1M5.8x-97.8x-
Coya Therapeutics$8M($21M)8.6x22.9x(3.2x)-
PMV Pharma-($86M)--(0.4x)-
Medivir$868K($6M)96.4x135.7x(13.8x)(12.9x)
Cumberland$45M$2M2.4x-43.4x-

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Common questions about Evox Therapeutics

When was Evox Therapeutics founded?Evox Therapeutics was founded in 2016.
Where is Evox Therapeutics headquartered?Evox Therapeutics is headquartered in Oxford, United Kingdom.
Is Evox Therapeutics publicly listed?No, Evox Therapeutics is a private, VC-backed company.
What is Evox Therapeutics' valuation?Evox Therapeutics was last valued at $111M in its Series B in September 2018.
How much funding has Evox Therapeutics raised?Evox Therapeutics has raised $167M across 4 funding rounds.
What was Evox Therapeutics' last funding round?Evox Therapeutics' last funding round was a $96M Series C in February 2021, led by Redmile Group.
Who are Evox Therapeutics' investors?Evox Therapeutics' investors include Oxford Science Enterprises, Cowen Healthcare Investments, Redmile Group, GV, Lilly Ventures, Panacea Venture, Oxford University Innovation, Invus, Eli Lilly, OrbiMed and 1 other.
Which companies are comparable to Evox Therapeutics?Companies comparable to Evox Therapeutics include Tahoe Therapeutics, AskGene Pharma, Atomic AI, RedShift BioAnalytics, Black Diamond Therapeutics and Bioceltix.

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