- Companies
- HiberCell
HiberCell Funding, Investors & Competitors
HiberCell has raised $128M across 2 funding rounds, most recently a $67M Series B in May 2021.
Last HiberCell funding round
$67M
Series B · May 2021
Cumulative funding HiberCell raised
$128M
across 2 funding rounds
Key investors in HiberCell
ARCH Venture Partners
Magnetic Ventures
Hillhouse Investment
Bristol-Myers Squibb
Celgene
6 Dimensions Capital
Monashee Investment Management
Trinitas Capital
About HiberCell
HiberCell is a New York-based biotechnology firm focused on therapies targeting cancer relapse and metastasis via the Tumor Cell Mobilization platform. Founded in 2019, it develops antibody-drug conjugates that selectively mobilize and eliminate residual cancer cells. The lead program addresses solid tumors including breast, lung, and ovarian cancers. HiberCell collaborates with academic institutions and has advanced candidates into preclinical studies, aiming to fill gaps in post-treatment recurrence prevention.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Sectors
HiberCell Funding History
HiberCell has raised a total of $128M across 2 funding rounds.
HiberCell's first fundraising round was a $61M Series A in February 2019. The most recent completed round was a $67M Series B in May 2021.
HiberCell funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2021 | Series B | Trinitas Capital; Magnetic Ventures; Bristol-Myers Squibb; Huizenga Capital Management; Monashee Investment Management; ARCH Venture Partners | $67M | HiberCell is a biotechnology company developing therapeutics focused on preventing cancer relapse and metastasis by targeting stress biology and innate immunity in the tumor microenvironment. Founded in 2019 by Alan Rigby and Ari Nowacek, with backing from ARCH Venture Partners and others, the company completed a $60.8 million Series A round prior to the Series B. On May 19, 2021, HiberCell closed a $67.4 million Series B financing round with participation from new investors including Huizenga Capital Management, Monashee Investment Management, funds managed by Tekla Capital Management LLC, Hercules Capital, Mount Sinai Innovation Partners, and undisclosed others, alongside returning investors such as ARCH Venture Partners, Magnetic Ventures, Bristol Myers Squibb, and Trinitas Capital. Concurrently, it secured a $30 million debt facility from Hercules Capital. The proceeds from the Series B equity raise and debt facility are designated to advance the clinical development of HiberCell's pipeline of novel therapeutics aimed at reprogramming the tumor immune microenvironment and modulating innate adaptive stress responses that enable cancer cell survival and progression. This funding supports the company's unique strategy to address the mechanistic drivers of cancer recurrence and metastasis, which are leading causes of cancer mortality. The Series B builds on the prior Series A led by ARCH Venture Partners, which included Celgene (now part of Bristol Myers Squibb), 6 Dimensions Capital, NYC Life Sciences Fund, and Hillhouse Capital. |
| Feb 2019 | Series A | ARCH Venture Partners (lead); Magnetic Ventures; Hillhouse Investment; Life Sciences Fund Amsterdam; Celgene; 6 Dimensions Capital | $61M | HiberCell, a New York City-based biotechnology company founded on research from Mount Sinai’s Tisch Cancer Institute, launched in February 2019 with a $60.75 million Series A funding round led by ARCH Venture Partners. Investors included Celgene (now part of Bristol Myers Squibb), Hillhouse Capital (also referred to as Hillhouse Investment), 6 Dimensions Capital, NYC Life Sciences Fund (investing $1.2 million), and other undisclosed parties. The company focuses on therapeutics targeting dormant disseminated tumor cells (DTCs) to prevent cancer relapse and metastasis, approaching cancer as a systemic disease with preclinical candidates HC-5404 and HC-5407 for solid tumor metastasis and recurrences. Co-founder and CEO Alan Rigby and scientific founder Julio Aguirre-Ghiso emphasized developing tools to detect, isolate, and target survival mechanisms in dormant cancer cells. HiberCell was the first biotech to occupy space in the Hudson Research Center, planning for up to 50 employees. Later, in May 2021, HiberCell raised a $67.4 million Series B with returning investors like ARCH Venture Partners and Magnetic Ventures, plus new ones including Hercules Capital (with a concurrent $30M debt facility), to advance its pipeline in stress biology and innate immunity for preventing cancer recurrence. |
Who has invested in HiberCell?
10 investors have backed HiberCell across its funding rounds, including ARCH Venture Partners, Magnetic Ventures, Hillhouse Investment, Bristol-Myers Squibb, Celgene and 6 Dimensions Capital.
Lead investors include ARCH Venture Partners.
HiberCell Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Feb 2019 | ||
| 2 | Lead | Feb 2019 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Feb 2019 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Feb 2019 | ||
| 1 | Participant | May 2021 | ||
This data is available for Pro users. Sign up to see all 10 HiberCell 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 TrialAcquisitions by HiberCell
HiberCell has acquired 2 companies to date.
Last acquisition by HiberCell was on August 16th 2021. HiberCell acquired Genuity Science for $100M.
Latest Acquisitions by HiberCell
| Description | Genuity Science is a Cambridge-headquartered life sciences firm offering clinico-genomics platforms that integrate genomic sequencing with clinical data for drug discovery and precision medicine. The company provides end-to-end services including whole-genome sequencing, variant interpretation, and scalable analytics through its Atlas platform. Formerly part of Biogen, Genuity Science collaborates with pharmaceutical companies like Takeda and academic institutions to accelerate biomarker identification. Its secure cloud infrastructure handles petabyte-scale datasets compliant with HIPAA standards. | Biothera is an Eagan-based biotechnology firm developing innate immune activators from fungal cell wall polysaccharides. The company advances Imprime PGG, a beta-glucan in phase III trials for non-small cell lung cancer combined with checkpoint inhibitors. Biothera collaborates with Big Pharma partners on immuno-oncology applications. Founded in 1997, it operates a GMP facility for clinical supply production. |
| HQ Country | ||
| HQ City | Boston, MA | Minneapolis, MN |
| Deal Date | 16 Aug 2021 | 7 Jul 2020 |
| Valuation | $100M | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all HiberCell acquisitions and their M&A valuation multiples. Start Free Trial | ||
HiberCell Competitors
HiberCell competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $65B | $28B | $1.0T | 13.1x | ||
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $61B | $17B | $467B | 8.1x | ||
| Publicly listed | $65B | $28B | $363B | 6.2x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
HiberCell Public Comps
HiberCell is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65B | $28B | 16.5x | 13.1x | 38.7x | 27.0x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $61B | $17B | 8.7x | 8.1x | 30.6x | 17.6x | |||
| $65B | $28B | 6.3x | 6.2x | 14.7x | 21.0x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $57B | $22B | 5.5x | 5.5x | 14.2x | 13.3x | |||
| $59B | $19B | 4.8x | 4.5x | 14.6x | 12.7x | |||
| $37B | $17B | 6.8x | 6.5x | 14.8x | 14.4x | |||
This data is available for Pro users. Sign up to see all HiberCell competitors and their valuation data. Start Free Trial | ||||||||
Common questions about HiberCell
| When was HiberCell founded? | HiberCell was founded in 2019. |
| Where is HiberCell headquartered? | HiberCell is headquartered in New York City, NY, United States. |
| Is HiberCell publicly listed? | No, HiberCell is a private, VC-backed company. |
| How much funding has HiberCell raised? | HiberCell has raised $128M across 2 funding rounds. |
| What was HiberCell's last funding round? | HiberCell's last funding round was a $67M Series B in May 2021. |
| Who are HiberCell's investors? | HiberCell's investors include Magnetic Ventures, ARCH Venture Partners, Trinitas Capital, Hillhouse Investment, Bristol-Myers Squibb, Huizenga Capital Management, Life Sciences Fund Amsterdam, Monashee Investment Management, Celgene and 6 Dimensions Capital. |
| Which companies are comparable to HiberCell? | Companies comparable to HiberCell include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics. |
| How many companies has HiberCell acquired? | HiberCell has acquired 2 companies, including Genuity Science and Biothera. |
| What was the largest acquisition by HiberCell? | The $100M acquisition of Genuity Science in August 2021 is the largest acquisition HiberCell has made to date. |
See companies similar to HiberCell
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




