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

Imbria Pharmaceuticals Overview

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

United StatesBoston, MA

Website

imbria.com

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Valuation

$350M (Apr 2025)

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

Imbria Pharmaceuticals valuation by funding round
DateStageValuation
Apr 2025Series 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

Imbria Pharmaceuticals funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2025Series BAXA 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 2025Series BDeep Track Capital (lead); SV Health Investors; Catalio Capital Management; RA Capital Management; Cytokinetics; AN Ventures$59M$350MImbria 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 2020Undisclosed 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 2018Undisclosed stageRA 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

Investors in Imbria Pharmaceuticals by funding rounds participated
InvestorHQRoundsRoleFirst check
RA Capital ManagementUnited StatesBoston, MA3ParticipantJul 2018
SV Health InvestorsUnited StatesBoston, MA2ParticipantApr 2025
Catalio Capital ManagementUnited StatesNew York City, NY2ParticipantApr 2025
Deep Track CapitalUnited StatesGreenwich, CT2LeadApr 2025
CytokineticsUnited StatesSan Francisco, CA2ParticipantApr 2025
AN VenturesUnited StatesSan Francisco, CA2ParticipantApr 2025

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Imbria Pharmaceuticals Competitors

Imbria Pharmaceuticals competitors include listed companies like Ocugen, X4 Pharmaceuticals and EyePoint, and private ones like Biotheryx, Ashvattha Therapeutics and Beacon Therapeutics.

Public and private companies comparable to Imbria Pharmaceuticals
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OcugenUnited StatesUnited StatesPublicly listed$4M($61M)$349M72.3x
BiotheryxUnited StatesSan Diego, CAPrivate--$348M-
Ashvattha TherapeuticsUnited StatesSan Francisco, CAPrivate--$353M-
X4 PharmaceuticalsUnited StatesUnited StatesPublicly listed$35M($74M)$347M10.1x
EyePointUnited StatesUnited StatesPublicly listed$31M($241M)$344M18.1x
Beacon TherapeuticsUnited KingdomLondonPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ocugen$4M($61M)76.4x72.3x(5.5x)-
X4 Pharmaceuticals$35M($74M)6.2x10.1x(2.9x)-
EyePoint$31M($241M)5.9x18.1x(0.8x)(0.6x)
Lexeo Therapeutics-($104M)--(1.3x)(1.2x)
Luzhu Biotech-($17M)-771.9x(19.8x)(20.5x)
Century Therapeutics$109M($4M)2.4x8.3x(66.6x)-
Emergent BioSolutions$705M$238M1.1x1.2x3.4x5.2x
Evommune$13M($71M)11.3x39.8x(2.1x)(1.4x)

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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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