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- Evox Therapeutics
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Sep 2018 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2021 | Series C | Redmile 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 2020 | Series A | Lilly Ventures (lead) | $10M | - | - |
| Sep 2018 | Series B | Redmile Group (lead); Panacea Venture; Cowen Healthcare Investments; GV; Oxford University Innovation; Oxford Science Enterprises; Borealis Ventures | $46M | $111M | Evox 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 2016 | Series A | Oxford 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2016 | ||
| 2 | Participant | Sep 2018 | ||
| 2 | Lead | Sep 2018 | ||
| 2 | Participant | Sep 2018 | ||
| 1 | Lead | Jun 2020 | ||
| 1 | Participant | Sep 2018 | ||
| 1 | Participant | Sep 2018 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | Feb 2021 | ||
This data is available for Pro users. Sign up to see all 11 Evox 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 TrialEvox 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $120M | - | ||
| Private | - | - | $100M | - | ||
| Private | - | - | $125M | - | ||
| Private | - | - | $88M | - | ||
| Publicly listed | $70M | $19M | $111M | 0.7x | ||
| Publicly 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $70M | $19M | 0.2x | 0.7x | 0.9x | (0.6x) | |||
| - | ($4M) | - | - | (24.6x) | (23.9x) | |||
| $57K | ($39M) | 1853.1x | 23.2x | (2.7x) | (3.6x) | |||
| $19M | $1M | 5.8x | - | 97.8x | - | |||
| $8M | ($21M) | 8.6x | 22.9x | (3.2x) | - | |||
| - | ($86M) | - | - | (0.4x) | - | |||
| $868K | ($6M) | 96.4x | 135.7x | (13.8x) | (12.9x) | |||
| $45M | $2M | 2.4x | - | 43.4x | - | |||
This data is available for Pro users. Sign up to see all Evox Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
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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