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

HiberCell Overview

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

United StatesNew York City, NY

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

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

HiberCell funding rounds
DateStageInvestorsRaisedDeal Summary
May 2021Series BTrinitas Capital; Magnetic Ventures; Bristol-Myers Squibb; Huizenga Capital Management; Monashee Investment Management; ARCH Venture Partners$67MHiberCell 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 2019Series AARCH Venture Partners (lead); Magnetic Ventures; Hillhouse Investment; Life Sciences Fund Amsterdam; Celgene; 6 Dimensions Capital$61MHiberCell, 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

Investors in HiberCell by funding rounds participated
InvestorHQRoundsRoleFirst check
Magnetic VenturesUnited StatesSan Francisco, CA2ParticipantFeb 2019
ARCH Venture PartnersUnited StatesChicago, IL2LeadFeb 2019
Trinitas CapitalChinaBeijing1ParticipantMay 2021
Hillhouse InvestmentSingaporeSingapore1ParticipantFeb 2019
Bristol-Myers SquibbUnited StatesNew York City, NY1ParticipantMay 2021
Huizenga Capital ManagementUnited StatesChicago, IL1ParticipantMay 2021
Life Sciences Fund AmsterdamNetherlandsAmsterdam1ParticipantFeb 2019
Monashee Investment ManagementUnited StatesBoston, MA1ParticipantMay 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 Trial

Acquisitions 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

Genuity Science
Biothera
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 CountryUnited StatesUnited States
HQ City
Boston, MA
Minneapolis, MN
Deal Date16 Aug 20217 Jul 2020
Valuation$100Mundisclosed
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.

Public and private companies comparable to HiberCell
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$467B8.1x
MerckUnited StatesUnited StatesPublicly listed$65B$28B$363B6.2x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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.

Start Trial