Goldfinch Biopharma Valuation, Funding & Investors

Goldfinch Biopharma is valued at $252M as of June 2020.

Last Goldfinch Biopharma valuation

$252M

Series B · Jun 2020

Last Goldfinch Biopharma funding round

$100M

Series B · Jun 2020

Cumulative funding Goldfinch Biopharma raised

$210M

across 3 funding rounds

Key investors in Goldfinch Biopharma

Goldfinch Biopharma Overview

About Goldfinch Biopharma

Goldfinch Biopharma is a biotechnology company developing therapies for chronic kidney disease through genetic target discovery. Its pipeline includes GFB-887, a small-molecule inhibitor of APOL1 in Phase 2 trials for APOL1-mediated kidney disease, and GFB-808 for focal segmental glomerulosclerosis. The Cambridge, Massachusetts-headquartered firm, founded in 2016, raised $110 million in Series B financing and collaborates with the Broad Institute on single-cell RNA sequencing of kidney tissues.


Founded

2015

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Valuation

$252M (Jun 2020)

Goldfinch Biopharma Valuation

Goldfinch Biopharma is currently valued at $252M, based on its Series B in June 2020.

The $100M round was led by Eventide, with participation from Gilead Sciences, Wellington Management, Regent Capital, Schroder Adveq, Casdin Capital and 3 other investors.

Goldfinch Biopharma valuation by funding round

Goldfinch Biopharma valuation by funding round
DateStageValuation
Jun 2020Series B$252M

Goldfinch Biopharma Funding History

Goldfinch Biopharma has raised a total of $210M across 3 funding rounds.

Goldfinch Biopharma's first fundraising round was a $55M Series A in December 2016. The most recent completed round was a $100M Series B in June 2020.

Goldfinch Biopharma funding rounds

Goldfinch Biopharma funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2020Series BEventide (lead); Gilead Sciences; Wellington Management; Regent Capital; Schroder Adveq; Casdin Capital; BlackRock; Ally Bridge Group; Irving Investors$100M$252MGoldfinch Bio is a clinical-stage biotechnology company focused on discovering and developing precision medicines for kidney diseases, launched in 2016 by Third Rock Ventures with $55 million in Series A funding. The company targets underserved patient populations with candidates like GFB-887 for proteinuria-associated kidney diseases and progressive renal dysfunction, and GFB-024 for rare and metabolic kidney diseases, emphasizing a precision medicine approach informed by genetic insights and a collaboration with Gilead Sciences. In June 2020, Goldfinch closed an oversubscribed $100 million Series B financing led by Eventide Asset Management, bringing total funding to $160 million including prior investments from Gilead and others. New investors included Wellington Management, Ally Bridge Group, BlackRock funds, Casdin Capital, Irving Investors, and Schroeder Adveq, with existing backers like Gilead and Yonjin Capital participating; Joy Ghosh from Eventide joined the board. Proceeds from the Series B were allocated to advance GFB-887 and GFB-024 through clinical proof-of-concept studies, including up to three clinical trials per candidate and a phase 2 trial for GFB-887, aiming to validate the company's product engine and biomarker-driven hypotheses for safer, disease-modifying therapies amid unmet needs in kidney disease treatment. The post-money valuation for this Series B round was $252.06 million. The investor syndicate reflects strong validation of Goldfinch's progress since inception, including advancing GFB-887 into clinical development and deepening kidney biology understanding through partnerships. Competitive context highlights the limitations of existing kidney drugs' toxicity and non-specificity, positioning Goldfinch's pipeline as potentially first-in-class options.
May 2019Strategic investmentGilead Sciences (lead)$55M-Goldfinch Bio was founded in 2016 by Third Rock Ventures as a precision medicine company focused on kidney disease treatment. The company's core platform is the Kidney Genome Atlas (KGA), a comprehensive patient registry integrating genomic, transcriptomic, and proteomic data with clinical profiles from thousands of anonymized patients with kidney diseases. Goldfinch's lead program, GFB-887, is a TRPC5 ion channel inhibitor in development for focal segmental glomerulosclerosis (FSGS) and other kidney disorders. In May 2019, Gilead Sciences and Goldfinch Bio announced a multiyear strategic collaboration focused on diabetic kidney disease (DKD) and orphan kidney indications. Under the deal, Gilead provided $55 million in upfront payments to Goldfinch, comprised of a $5 million equity investment and $54 million to support KGA platform development for DKD. Goldfinch was eligible to receive up to $1.95 billion in potential milestone payments based on achievement of research, development, regulatory, and commercial milestones across the first five collaboration programs, plus tiered royalties on product sales. Goldfinch retained all rights to its existing programs GFB-887 and GFB-024 and had the option to lead development and co-promote optioned products for specific kidney disease targets. Following the Gilead partnership announcement, Goldfinch secured additional momentum in its fundraising efforts. In 2020, approximately one year after the Gilead deal was announced, Goldfinch closed a Series B financing round of $100 million led by Eventide Asset Management. This round included new institutional investors such as Wellington Management Company, Ally Bridge Group, BlackRock, and Casdin Capital, while existing investors including Gilead, Yonjin Capital, and Schroeder Adveq also participated. The company planned to use these proceeds to significantly expand the KGA by tenfold to include tens of thousands of patients, enabling better identification of novel causes of diabetic nephropathy and comparative analysis between diabetic patients with and without kidney disease.
Dec 2016Series AThird Rock Ventures (lead)$55M-Goldfinch Bio (also referred to as Goldfinch Biopharma in the query) is a biotechnology company focused on discovering and developing precision therapies for patients with kidney disease, leveraging breakthroughs in genetics and kidney biology to target molecular drivers of progressive conditions like focal segmental glomerulosclerosis (FSGS) and polycystic kidney disease (PKD). The company was launched on December 14, 2016, by Third Rock Ventures with a $55 million Series A financing round, which the firm fully funded itself from its third venture fund. Third Rock incubated the startup for 18 months prior to launch near its Boston office, providing a solid foundation of cash typical for its portfolio companies. Third Rock Ventures, a leading biotech investor, appointed Abbie Celniker, a partner and 30-year industry veteran, as interim CEO, with Peter Mundel joining as SVP of biology and Phil Reilly as interim CMO. The company plans to use an inclusive patient registry combining genomic and phenotypic data to identify actionable targets for genetically stratified patient groups, aiming to address the stagnant kidney disease field that has relied on off-label, non-specific treatments for 20-30 years. Goldfinch positions itself as leading a 'renaissance' in kidney therapeutics, symbolized by the goldfinch bird representing health and revitalization. This launch rounded out a busy 2016 for Third Rock, which deployed similar $50-55 million financings for other companies like Fulcrum Therapeutics. Goldfinch is headquartered in Cambridge, Massachusetts, and was part of Third Rock's strategy to build companies from bold scientific ideas into transformative businesses.

Who has invested in Goldfinch Biopharma?

10 investors have backed Goldfinch Biopharma across its funding rounds, including Gilead Sciences, BlackRock, Wellington Management, Casdin Capital, Third Rock Ventures and Ally Bridge Group.

Lead investors include Eventide, Gilead Sciences and Third Rock Ventures.


Goldfinch Biopharma Investors

Investors in Goldfinch Biopharma by funding rounds participated
InvestorHQRoundsRoleFirst check
Gilead SciencesUnited StatesSan Francisco, CA2LeadMay 2019
Wellington ManagementUnited StatesBoston, MA1ParticipantJun 2020
EventideUnited StatesBoston, MA1LeadJun 2020
Regent CapitalChinaShenzhen1ParticipantJun 2020
Schroder AdveqSwitzerlandZurich1ParticipantJun 2020
Casdin CapitalUnited StatesNew York City, NY1ParticipantJun 2020
Third Rock VenturesUnited StatesBoston, MA1LeadDec 2016
BlackRockUnited StatesUnited States1ParticipantJun 2020

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Goldfinch Biopharma Competitors

Goldfinch Biopharma competitors include listed companies like AIM Vaccine, Akebia Therapeutics and Medipost, and private ones like Lyndra Therapeutics, Syncromune and resTORbio.

Public and private companies comparable to Goldfinch Biopharma
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AIM VaccineChinaChinaPublicly listed$174M($83M)$252M3.0x
Akebia TherapeuticsUnited StatesUnited StatesPublicly listed$236M$22M$251M0.7x
Lyndra TherapeuticsUnited StatesBoston, MAPrivate--$251M-
MedipostSouth KoreaSouth KoreaPublicly listed$53M($59M)$251M4.6x
SyncromuneUnited StatesFort Lauderdale, FLPrivate--$254M-
resTORbioUnited StatesBoston, MAPrivate--$250M-

Goldfinch Biopharma Public Comps

Goldfinch Biopharma is still privately-owned, but its public comps include AIM Vaccine, Akebia Therapeutics, Medipost, Sutro Biopharma, Tetratherix, Bicycle Therapeutics, Reig Jofré, Dong-A ST, Jacobson Pharma and ProQR Therapeutics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
AIM Vaccine$174M($83M)2.9x3.0x(6.2x)-
Akebia Therapeutics$236M$22M0.6x0.7x6.9x-
Medipost$53M($59M)4.3x4.6x(3.9x)(9.6x)
Sutro Biopharma$102M($151M)1.0x1.6x(0.7x)-
Tetratherix$653K($6M)355.9x69.8x(37.9x)(33.8x)
Bicycle Therapeutics$73M($241M)----
Reig Jofré$381M$32M1.0x0.9x11.8x9.3x
Dong-A ST$585M$6M0.8x0.8x83.6x10.0x

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Common questions about Goldfinch Biopharma

When was Goldfinch Biopharma founded?Goldfinch Biopharma was founded in 2015.
Where is Goldfinch Biopharma headquartered?Goldfinch Biopharma is headquartered in United States.
Is Goldfinch Biopharma publicly listed?No, Goldfinch Biopharma is a private, VC-backed company.
What is Goldfinch Biopharma's valuation?Goldfinch Biopharma was last valued at $252M in its Series B in June 2020.
How much funding has Goldfinch Biopharma raised?Goldfinch Biopharma has raised $210M across 3 funding rounds.
What was Goldfinch Biopharma's last funding round?Goldfinch Biopharma's last funding round was a $100M Series B in June 2020, led by Eventide.
Who are Goldfinch Biopharma's investors?Goldfinch Biopharma's investors include Gilead Sciences, Wellington Management, Eventide, Regent Capital, Schroder Adveq, Casdin Capital, Third Rock Ventures, BlackRock, Ally Bridge Group and Irving Investors.
Which companies are comparable to Goldfinch Biopharma?Companies comparable to Goldfinch Biopharma include AIM Vaccine, Akebia Therapeutics, Lyndra Therapeutics, Medipost, Syncromune and resTORbio.

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