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- Imbria Pharmaceuticals
Imbria Pharmaceuticals Valuation, Funding & Investors
Imbria Pharmaceuticals is valued at $350M as of April 2025.
Last Imbria Pharmaceuticals valuation
$350M
Series B · Apr 2025
Last Imbria Pharmaceuticals funding round
Series B
Amount undisclosed · Nov 2025
Cumulative funding Imbria Pharmaceuticals raised
$140M
across 4 funding rounds
Key investors in Imbria Pharmaceuticals
RA Capital Management
SV Health Investors
Catalio Capital Management
Deep Track Capital
AN Ventures
Cytokinetics
About Imbria Pharmaceuticals
Imbria Pharmaceuticals is a Durham-headquartered developer of therapies for cardiometabolic diseases leveraging cellular metabolism insights. Founded in 2017, its lead candidate MR-107A-01 enters Phase II trials for heart failure following positive Phase Ib results in 2023. The Boston-area firm has raised $90 million and partners with academic institutions to target disorders like type 2 diabetes and acute decompensated heart failure.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$350M (Apr 2025)
Sectors
Imbria Pharmaceuticals Valuation
Imbria Pharmaceuticals is currently valued at $350M, based on its Series B in April 2025.
The $59M round was led by Deep Track Capital, with participation from SV Health Investors, Catalio Capital Management, RA Capital Management, Cytokinetics and AN Ventures.
Imbria Pharmaceuticals valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2025 | Series B | $350M |
Imbria Pharmaceuticals Funding History
Imbria Pharmaceuticals has raised a total of $140M across 4 funding rounds.
Imbria Pharmaceuticals' first fundraising round was a $40M undisclosed-stage round in July 2018. The most recent completed round was a Series B in November 2025.
Imbria Pharmaceuticals funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2025 | Series B | AXA Alternative Investments (lead); SV Health Investors; Catalio Capital Management; Deep Track Capital; RA Capital Management; Cytokinetics; AN Ventures | - | - | Imbria Pharmaceuticals expanded its Series B financing in November 2025 with new investor AXA IM Alts (also referred to as AXA Alternative Investments), joining existing investors RA Capital Management, SV Health Investors, Deep Track Capital, AN Ventures, Catalio Capital Management, and Cytokinetics. The company is advancing its lead therapeutic candidate, ninerafaxstat, for serious cardiovascular diseases, including heart failure with preserved ejection fraction (HFpEF) affecting over 30 million patients worldwide. AXA IM Alts executive Zina Affas Besse and AN Ventures Managing Partner Ken Horne joined Imbria’s Board of Directors as part of the financing. |
| Apr 2025 | Series B | Deep Track Capital (lead); SV Health Investors; Catalio Capital Management; RA Capital Management; Cytokinetics; AN Ventures | $59M | $350M | Imbria Pharmaceuticals is a clinical-stage biotechnology company based in Boston, MA, founded in 2018, developing novel therapies for cardiometabolic diseases, particularly cardiomyopathy therapeutics like ninerafaxstat for non-obstructive hypertrophic cardiomyopathy (nHCM). The company has approximately 60 employees and focuses on high unmet need areas in HealthTech. On April 1, 2025 (reported April 10, 2025), Imbria closed a $57.5 million Series B financing round led by Deep Track Capital, with participation from new investors AN Ventures, Catalio Capital Management, Cytokinetics, Inc., and existing investors RA Capital Management and SV Health Investors. The post-money valuation was $350 million. Proceeds will fund the Phase 2b FORTITUDE-HCM clinical trial for ninerafaxstat, planned to initiate in Q2 2025 with topline data expected in late 2026. |
| Jul 2020 | Undisclosed stage | - | $41M | - | Imbria Pharmaceuticals is a clinical-stage biotechnology company based in Boston, developing novel therapies for cardiometabolic diseases, with its lead candidate ninerafaxstat targeting cardiac energetics in conditions like non-obstructive hypertrophic cardiomyopathy (nHCM), stable angina, and heart failure with preserved ejection fraction (HFpEF). The results primarily detail a 2025 Series B financing round totaling approximately $57.5M led by Deep Track Capital, with participation from AN Ventures, Catalio Capital Management, Cytokinetics, RA Capital Management, SV Health Investors, and later AXA IM Alts. Proceeds from the 2025 Series B are intended to advance ninerafaxstat into a Phase 2b trial called FORTITUDE-HCM, planned for initiation in Q2 2025. |
| Jul 2018 | Undisclosed stage | RA Capital Management; Sanofi Ventures | $40M | - | Imbria Pharmaceuticals is a Boston-based clinical-stage biotech founded in 2018, focused on novel therapies for cardiometabolic diseases like non-obstructive hypertrophic cardiomyopathy (nHCM), stable angina, and heart failure with preserved ejection fraction (HFpEF), with lead candidate ninerafaxstat advancing to Phase 2b trials planned for Q2 2025. |
Who has invested in Imbria Pharmaceuticals?
8 investors have backed Imbria Pharmaceuticals across its funding rounds, including RA Capital Management, SV Health Investors, Catalio Capital Management, Deep Track Capital, AN Ventures and Cytokinetics.
Lead investors include AXA Alternative Investments and Deep Track Capital.
Imbria Pharmaceuticals Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jul 2018 | ||
| 2 | Participant | Apr 2025 | ||
| 2 | Participant | Apr 2025 | ||
| 2 | Lead | Apr 2025 | ||
| 2 | Participant | Apr 2025 | ||
| 2 | Participant | Apr 2025 | ||
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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 TrialImbria Pharmaceuticals Competitors
Imbria Pharmaceuticals competitors include listed companies like Ocugen, X4 Pharmaceuticals and EyePoint, and private ones like Biotheryx, Ashvattha Therapeutics and Beacon Therapeutics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4M | ($61M) | $349M | 72.3x | ||
| Private | - | - | $348M | - | ||
| Private | - | - | $353M | - | ||
| Publicly listed | $35M | ($74M) | $347M | 10.1x | ||
| Publicly listed | $31M | ($241M) | $344M | 18.1x | ||
| Private | - | - | $344M | - |
Imbria Pharmaceuticals Public Comps
Imbria Pharmaceuticals is still privately-owned, but its public comps include Ocugen, X4 Pharmaceuticals, EyePoint, Lexeo Therapeutics, Luzhu Biotech, Century Therapeutics, Emergent BioSolutions, Evommune, GlaxoSmithKline Pakistan and Heartseed.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4M | ($61M) | 76.4x | 72.3x | (5.5x) | - | |||
| $35M | ($74M) | 6.2x | 10.1x | (2.9x) | - | |||
| $31M | ($241M) | 5.9x | 18.1x | (0.8x) | (0.6x) | |||
| - | ($104M) | - | - | (1.3x) | (1.2x) | |||
| - | ($17M) | - | 771.9x | (19.8x) | (20.5x) | |||
| $109M | ($4M) | 2.4x | 8.3x | (66.6x) | - | |||
| $705M | $238M | 1.1x | 1.2x | 3.4x | 5.2x | |||
| $13M | ($71M) | 11.3x | 39.8x | (2.1x) | (1.4x) | |||
This data is available for Pro users. Sign up to see all Imbria Pharmaceuticals competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Imbria Pharmaceuticals
| When was Imbria Pharmaceuticals founded? | Imbria Pharmaceuticals was founded in 2018. |
| Where is Imbria Pharmaceuticals headquartered? | Imbria Pharmaceuticals is headquartered in Boston, MA, United States. |
| Is Imbria Pharmaceuticals publicly listed? | No, Imbria Pharmaceuticals is a private, VC-backed company. |
| What is Imbria Pharmaceuticals' valuation? | Imbria Pharmaceuticals was last valued at $350M in its Series B in April 2025. |
| How much funding has Imbria Pharmaceuticals raised? | Imbria Pharmaceuticals has raised $140M across 4 funding rounds. |
| What was Imbria Pharmaceuticals' last funding round? | Imbria Pharmaceuticals' last funding round was a Series B in November 2025, led by AXA Alternative Investments. |
| Who are Imbria Pharmaceuticals' investors? | Imbria Pharmaceuticals' investors include RA Capital Management, SV Health Investors, Catalio Capital Management, Deep Track Capital, Cytokinetics, AN Ventures, AXA Alternative Investments and Sanofi Ventures. |
| Which companies are comparable to Imbria Pharmaceuticals? | Companies comparable to Imbria Pharmaceuticals include Ocugen, Biotheryx, Ashvattha Therapeutics, X4 Pharmaceuticals, EyePoint and Beacon Therapeutics. |
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