Immune-Onc Therapeutics Valuation, Funding & Investors

Immune-Onc Therapeutics is valued at $262M as of January 2023.

Last Immune-Onc Therapeutics valuation

$262M

Series B · Jan 2023

Last Immune-Onc Therapeutics funding round

$25M

Series B · Jan 2023

Cumulative funding Immune-Onc Therapeutics raised

$138M

across 4 funding rounds

Key investors in Immune-Onc Therapeutics

  • Northern Light Venture Capital
  • Vivo Capital
  • BOCOM Intl Hldgs Co
  • Qianzhan Investment Management
  • StartX (Stanford-StartX Fund)
  • Octagon Capital Advisors

Immune-Onc Therapeutics Overview

About Immune-Onc Therapeutics

Immune-Onc Therapeutics is a biopharmaceutical company developing therapeutic antibodies for immuno-oncology. Headquartered in the United States, the firm advances candidates targeting cancer checkpoints and tumor microenvironments.


Founded

2016

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$262M (Jan 2023)

Immune-Onc Therapeutics Valuation

Immune-Onc Therapeutics is currently valued at $262M, based on its Series B in January 2023.

The $25M round was led by TriWise Capital, with participation from Proxima Ventures Ltd, BOCOM Intl Hldgs Co and Qianzhan Investment Management.

Immune-Onc Therapeutics' valuation has grown 11x from $23M at its Series A in September 2016 to $262M in January 2023, across 2 priced rounds.

Immune-Onc Therapeutics valuation by funding round

Immune-Onc Therapeutics valuation by funding round
DateStageValuation
Jan 2023Series B$262M
Sep 2016Series A$23M

Immune-Onc Therapeutics Funding History

Immune-Onc Therapeutics has raised a total of $138M across 4 funding rounds.

Immune-Onc Therapeutics' first fundraising round was a $7M Series A in September 2016. The most recent completed round was a $25M Series B in January 2023.

Immune-Onc Therapeutics funding rounds

Immune-Onc Therapeutics funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2023Series BTriWise Capital (lead); Proxima Ventures Ltd; BOCOM Intl Hldgs Co; Qianzhan Investment Management$25M$262MImmune-Onc Therapeutics is a clinical-stage cancer immunotherapy company developing novel biotherapeutics targeting myeloid checkpoints for blood cancers and solid tumors, with lead candidates IO-108 and IO-202 advancing in clinical trials in the US and China. The company announced the close of a $25 million Series B extension on January 5, 2023, led by Triwise Capital with participation from Proxima Ventures, The Leukemia & Lymphoma Society’s Therapy Acceleration Program, and WuXi Biologics HealthCare Venture, bringing the total Series B financing to $131 million. Proceeds are designated to accelerate development of IO-108 and IO-202, including proof-of-concept results in leukemia and solid tumors, dose escalation, and biomarker characterization, alongside advancing additional myeloid checkpoint inhibitors. The full Series B began earlier with a $73 million Series B1 and B2 financing closed in March 2021, led by Oceanpine Capital and including strategic investment from LLS TAP, focusing on LILRB family targets and other pipeline assets like IO-106 (LAIR1 antagonist) and IO-312 (LILRB4/CD3 bispecific). The company has progressed multiple first-in-class assets, with positive preclinical data published in journals like the Journal for ImmunoTherapy of Cancer supporting IO-108's potential in advanced solid tumors.
Mar 2021Series BOceanpine Capital (lead); Northern Light Venture Capital; BOCOM Intl Hldgs Co; Blood Cancer United; Wuxi Biologics; Octagon Capital Advisors; Vivo Capital; Tao Capital; Yanchuang Capital; Sphera Global Healthcare Fund; Qianzhan Investment Management$73M-Immune-Onc Therapeutics, a Palo Alto, California-based cancer immunotherapy company, announced a $73 million Series B1 and B2 financing round on approximately March 30, 2021, led by Oceanpine Capital. New investors included Octagon Capital Advisors, Sphera Global Healthcare Fund, and The Leukemia & Lymphoma Society’s Therapy Acceleration Program as a strategic investor, alongside existing investors such as Northern Light Venture Capital and Vivo Capital. Other participants aligned with the query included BOCOM Intl Hldgs Co, Tao Capital, Wuxi Biologics, and Yanchuang Capital, though not all explicitly named in press releases. The oversubscribed round enables Immune-Onc to accelerate clinical development of its portfolio of novel immunotherapies targeting myeloid checkpoints, particularly the LILRB family, for blood cancers and solid tumors. Dave Chenn, CEO and managing partner of Oceanpine Capital, joined the company's board. Proceeds focus on advancing first-in-class cancer immunotherapies, with emphasis on transformative potential in myeloid checkpoint inhibition.
Sep 2018Series BNorthern Light Venture Capital; Vivo Capital; StartX (Stanford-StartX Fund); CDIB Capital Group$33M-Immune-Onc Therapeutics, a Palo Alto, California-based cancer immunotherapy company, raised more than $33 million in a Series B funding round announced on September 18, 2018, from investors including Northern Light Venture Capital, Vivo Capital, and the Stanford-StartX Fund. The funding aims to advance its pipeline of novel biotherapeutics targeting immune suppressive pathways in the tumor microenvironment, moving beyond T-cell therapies to address hard-to-treat cancers like acute myeloid leukemia, hematological malignancies, and solid tumors. Key programs include IO-202, an antibody targeting an immune inhibitory receptor preparing for clinical trials, and two undisclosed programs. Previously, the company closed a $7 million Series A in September 2016 with investors like Fame Mount Limited and CLI Ventures. Immune-Onc has in-licensed technology from leading institutions: global rights to immune-modulating therapeutics from Memorial Sloan Kettering Cancer Center and Albert Einstein College of Medicine in March 2017, and programs from UT Health Science Center in Houston and UT Southwestern Medical Center in Dallas in April 2017. The Series B coincided with executive appointments, including Dr. Adrian Jubb as Chief Medical Officer, to support transition from preclinical to clinical development. Investors like Northern Light and Vivo have China-focused life sciences portfolios, potentially signaling expansion opportunities.
Sep 2016Series ACLI Ventures; Fame Mount Limited$7M$23MImmune-Onc Therapeutics, a cancer immunotherapy company developing novel biologic treatments targeting the tumor microenvironment and immune suppressive pathways, completed a Series A funding round of $7 million on September 1, 2016, led by CLI Ventures and Fame Mount Limited. The post-money valuation for this round reached $23.35 million. The company collaborates with institutions like The University of Texas, Albert Einstein College of Medicine, and Memorial Sloan Kettering Cancer Center to advance its pipeline. Headquartered in Palo Alto, California, Immune-Onc has raised a total of over $106 million across seven funding rounds from 16 investors, including subsequent Series B investments from Northern Light Venture Capital, Vivo Capital, and the Stanford-StartX Fund exceeding $33 million. The 2016 Series A supported early pipeline progression toward clinical development.

Who has invested in Immune-Onc Therapeutics?

17 investors have backed Immune-Onc Therapeutics across its funding rounds, including Northern Light Venture Capital, Vivo Capital, BOCOM Intl Hldgs Co, Qianzhan Investment Management, StartX (Stanford-StartX Fund) and Octagon Capital Advisors.

Lead investors include TriWise Capital and Oceanpine Capital.


Immune-Onc Therapeutics Investors

Investors in Immune-Onc Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Northern Light Venture CapitalChinaBeijing2ParticipantSep 2018
BOCOM Intl Hldgs CoChinaHong Kong2ParticipantMar 2021
Vivo CapitalUnited StatesUnited States2ParticipantSep 2018
Qianzhan Investment ManagementChinaJiaxing2ParticipantMar 2021
CLI VenturesUnited StatesSan Francisco, CA1ParticipantSep 2016
Proxima Ventures LtdIsraelTel Aviv1ParticipantJan 2023
Blood Cancer UnitedUnited StatesNew York City, NY1ParticipantMar 2021
Wuxi BiologicsChinaWuxi1ParticipantMar 2021
Octagon Capital AdvisorsUnited StatesNew York City, NY1ParticipantMar 2021
Tao CapitalChinaBeijing1ParticipantMar 2021
Fame Mount Limited--1ParticipantSep 2016
Oceanpine CapitalHong KongHong Kong1LeadMar 2021
StartX (Stanford-StartX Fund)United StatesSan Francisco, CA1ParticipantSep 2018

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Immune-Onc Therapeutics Competitors

Immune-Onc Therapeutics competitors include listed companies like Macrogenics, Starpharma and Lineage Cell Therapeutics, and private ones like FogPharma, Emerzene Inc and Tavotek Biotherapeutics.

Public and private companies comparable to Immune-Onc Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
FogPharmaUnited StatesUnited StatesPrivate--$262M-
MacrogenicsUnited StatesUnited StatesPublicly listed$150M($66M)$262M1.0x
StarpharmaAustraliaAustraliaPublicly listed$9M($5M)$261M24.2x
Emerzene IncIrelandDublinPrivate--$261M-
Tavotek BiotherapeuticsUnited StatesUnited StatesPrivate--$263M-
Lineage Cell TherapeuticsUnited StatesUnited StatesPublicly listed$15M($70M)$260M15.9x

Immune-Onc Therapeutics Public Comps

Immune-Onc Therapeutics is still privately-owned, but its public comps include Macrogenics, Starpharma, Lineage Cell Therapeutics, Lyell Immunopharma, Dishman Carbogen Amics, Oryzon Genomics, AFT Pharmaceuticals, ProQR Therapeutics, Bicycle Therapeutics and AC Immune.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Macrogenics$150M($66M)0.8x1.0x(1.9x)-
Starpharma$9M($5M)29.6x24.2x(49.8x)(111.0x)
Lineage Cell Therapeutics$15M($70M)14.5x15.9x(3.0x)(6.1x)
Lyell Immunopharma$36K($276M)2714.8x5488.9x(0.4x)(0.5x)
Dishman Carbogen Amics$300M$60M1.6x-8.0x-
Oryzon Genomics-($6M)-34.6x(39.8x)(31.0x)
AFT Pharmaceuticals$144M$16M2.0x1.8x17.5x15.6x
ProQR Therapeutics$18M($47M)8.2x7.9x(3.2x)(2.3x)

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Common questions about Immune-Onc Therapeutics

When was Immune-Onc Therapeutics founded?Immune-Onc Therapeutics was founded in 2016.
Where is Immune-Onc Therapeutics headquartered?Immune-Onc Therapeutics is headquartered in San Francisco, CA, United States.
Is Immune-Onc Therapeutics publicly listed?No, Immune-Onc Therapeutics is a private, VC-backed company.
What is Immune-Onc Therapeutics' valuation?Immune-Onc Therapeutics was last valued at $262M in its Series B in January 2023.
How much funding has Immune-Onc Therapeutics raised?Immune-Onc Therapeutics has raised $138M across 4 funding rounds.
What was Immune-Onc Therapeutics' last funding round?Immune-Onc Therapeutics' last funding round was a $25M Series B in January 2023, led by TriWise Capital.
Who are Immune-Onc Therapeutics' investors?Immune-Onc Therapeutics' investors include Northern Light Venture Capital, BOCOM Intl Hldgs Co, Vivo Capital, Qianzhan Investment Management, CLI Ventures, Proxima Ventures Ltd, Blood Cancer United, Wuxi Biologics, Octagon Capital Advisors, Tao Capital and 7 others.
Which companies are comparable to Immune-Onc Therapeutics?Companies comparable to Immune-Onc Therapeutics include FogPharma, Macrogenics, Starpharma, Emerzene Inc, Tavotek Biotherapeutics and Lineage Cell Therapeutics.

See companies similar to Immune-Onc Therapeutics

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