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- Forty Seven
Forty Seven Acquisition, Valuation, Funding & Investors
Forty Seven was acquired by Gilead Sciences for $4.9B in March 2020.
Forty Seven revenue at acquisition
$16M
Last twelve months · Mar 2020
Cumulative funding Forty Seven raised
$150M
across 2 funding rounds
Key investors in Forty Seven
Lightspeed Venture Partners
GV
Sutter Hill Ventures
Clarus Ventures
Wellington Management
About Forty Seven
Forty Seven is a clinical-stage biotechnology company developing magrolimab, a monoclonal antibody targeting the CD47 immune checkpoint to enable macrophage-mediated destruction of cancer cells. The therapy advances through Phase II trials for acute myeloid leukemia, myelodysplastic syndromes, and solid tumors including ovarian and colorectal cancers. Licensed from Stanford University, its pipeline includes combination regimens with azacitidine and rituximab. Headquartered in Menlo Park, California, the company progressed multiple programs since its 2014 inception before its acquisition by Gilead Sciences in 2020.
Founded
2015
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Licensing
Revenue
$16M (Mar 2020)
Valuation
$4.9B (acquired Mar 2020)
Sectors
Forty Seven Acquisition
Forty Seven was acquired by Gilead Sciences for $4.9B on 2 March 2020.
Before the acquisition Forty Seven had raised $150M across 2 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 2 Mar 2020 | Strategic M&A | $4.9B | 312.1x |
Forty Seven Funding History
Forty Seven has raised a total of $150M across 2 funding rounds.
Forty Seven's first fundraising round was a $75M Series A in February 2016. The most recent completed round was a $75M Series B in October 2017.
Forty Seven funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2017 | Series B | Wellington Management (lead); Sutter Hill Ventures; GV; Lightspeed Venture Partners; Clarus Ventures | $75M | - |
| Feb 2016 | Series A | Lightspeed Venture Partners (lead); Sutter Hill Ventures (lead); GV; Clarus Ventures | $75M | Forty Seven Inc. is a Menlo Park, California-based biotech company founded in 2015 by Stanford scientists, developing next-generation immuno-oncology treatments targeting the CD47 'don't eat me' signal with lead candidate 5F9 (magrolimab) in Phase 1/2 trials for cancers including non-Hodgkin lymphoma, colorectal, ovarian, and acute myeloid leukemia. The company raised $75 million in its Series A round in February 2016 from Lightspeed Venture Partners and Sutter Hill Ventures (leads), with participation from Clarus Ventures and GV (Google Ventures), licensing immuno-oncology programs from Stanford. A follow-on $75 million Series B round closed in 2017 led by Wellington Management with existing investors. The company went public in 2018 (Nasdaq: FTSV) raising ~$100M at ~$444M post-IPO valuation and was acquired by Gilead Sciences in March 2020 for $4.9 billion. |
Who has invested in Forty Seven?
5 investors have backed Forty Seven across its funding rounds, including Lightspeed Venture Partners, GV, Sutter Hill Ventures, Clarus Ventures and Wellington Management.
Lead investors include Wellington Management, Lightspeed Venture Partners and Sutter Hill Ventures.
Forty Seven Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Feb 2016 | ||
| 2 | Participant | Feb 2016 | ||
| 2 | Lead | Feb 2016 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialForty Seven Competitors
Forty Seven competitors include listed companies like GSK India, Shanghai RAAS, Gland Pharma and Hanmi Pharm, and private ones like Biocon Biologics and Intas Pharmaceuticals.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $397M | $148M | $4.9B | 11.1x | ||
| Publicly listed | $1.1B | $315M | $4.8B | - | ||
| Publicly listed | $668M | $179M | $5B | 6.5x | ||
| Publicly listed | $1.1B | $234M | $4.8B | 4.0x | ||
| Private | $1.1B | - | $4.5B | 4.2x | ||
| Private | $2B | - | $4.3B | 2.1x |
Forty Seven Public Comps
Forty Seven is no longer listed, but its public comps include GSK India, Shanghai RAAS, Gland Pharma, Salubris Pharmaceuticals, Hanmi Pharm, Parabilis Medicines, Beijing Tongrentang, 3SBio, ACADIA Pharmaceuticals and Wantai BioPharm.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $397M | $148M | 11.7x | 11.1x | 31.5x | 32.0x | |||
| $1.1B | $315M | 4.7x | - | 16.2x | - | |||
| $668M | $179M | 7.0x | 6.5x | 26.2x | 24.9x | |||
| $649M | $155M | 7.6x | 6.6x | 31.8x | 28.3x | |||
| $1.1B | $234M | 4.3x | 4.0x | 20.9x | 15.5x | |||
| - | ($145M) | - | - | (27.4x) | - | |||
| $2.6B | $447M | 1.8x | 1.9x | 10.6x | 12.7x | |||
| $2.6B | $1.6B | 1.2x | 1.8x | 1.9x | 3.9x | |||
This data is available for Pro users. Sign up to see all Forty Seven competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Forty Seven
| When was Forty Seven founded? | Forty Seven was founded in 2015. |
| Where is Forty Seven headquartered? | Forty Seven is headquartered in San Francisco, CA, United States. |
| Is Forty Seven publicly listed? | No, Forty Seven was acquired by Gilead Sciences in March 2020. |
| Who acquired Forty Seven? | Forty Seven was acquired by Gilead Sciences in March 2020. |
| How much was Forty Seven acquired for? | Forty Seven was acquired for $4.9B in March 2020. |
| How much funding has Forty Seven raised? | Forty Seven has raised $150M across 2 funding rounds. |
| What was Forty Seven's last funding round? | Forty Seven's last funding round was a $75M Series B in October 2017, led by Wellington Management. |
| Who are Forty Seven's investors? | Forty Seven's investors include Sutter Hill Ventures, GV, Lightspeed Venture Partners, Clarus Ventures and Wellington Management. |
| Which companies are comparable to Forty Seven? | Companies comparable to Forty Seven include GSK India, Shanghai RAAS, Gland Pharma, Hanmi Pharm, Biocon Biologics and Intas Pharmaceuticals. |
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