- Companies
- Imvax
Imvax Funding, Investors & Competitors
Imvax has raised $254M across 6 funding rounds, most recently a $29M undisclosed-stage round in January 2025.
Last Imvax funding round
$29M
Undisclosed stage · Jan 2025
Cumulative funding Imvax raised
$254M
across 6 funding rounds
Key investors in Imvax
Magnetar Capital
Ziff Capital Partners
Invus
TLP Investment Partners
HP WILD HOLDING AG
WILD Group Management
About Imvax
Imvax is a Philadelphia-based biotechnology company focused on personalized cancer vaccines for gliomas and other brain tumors since 2015. Its lead product IGV-001 fuses patient-derived tumor cells with an immune agonist to elicit multi-faceted immune responses, demonstrating prolonged survival in Phase 1b/2 trials for newly diagnosed glioblastoma. Imvax employs a rapid manufacturing process at its GMP facility to deliver vaccines within three weeks of surgery.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Imvax Funding History
Imvax has raised a total of $254M across 6 funding rounds.
Imvax's first fundraising round was a $15M Series A in June 2017. The most recent completed round was a $29M undisclosed-stage round in January 2025.
Imvax funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2025 | Undisclosed stage | - | $29M | Imvax is a clinical-stage biotechnology company developing personalized, whole tumor-derived immunotherapies using its proprietary Goldspire platform. The company was spun out of Thomas Jefferson University approximately a decade before 2025 and is headquartered in Philadelphia. Imvax's lead program, IGV-001, is an autologous biologic-device combination product currently in Phase 2b clinical testing for newly diagnosed glioblastoma, with the company enrolling approximately 100 patients across 20 clinical sites. On January 29, 2025, Imvax announced the closing of a $29 million equity financing round from existing investors, bringing total capital raised over the preceding 21 months to $86 million and cumulative fundraising since inception in 2015 to approximately $240 million across seven investment rounds. The company's investor syndicate includes HP Wild Holding, Ziff Capital Partners, TLP Investment Partners, Magnetar Capital, and Invus. The financing provides operating flexibility well into 2026, with the company tracking to report Phase 2b top-line results in mid-2025. Beyond glioblastoma, Imvax is developing pipeline programs targeting endometrial cancer, hepatocellular carcinoma, urothelial cancer, and ovarian cancer. |
| May 2024 | Undisclosed stage | - | $35M | Imvax is a clinical-stage biotechnology company headquartered in Philadelphia, PA, spun out of Thomas Jefferson University, developing personalized, whole tumor-derived immunotherapies using its proprietary Goldspire platform. The lead product, IGV-001, is an autologous biologic-device combination product in a Phase 2b randomized, multicenter, double-blind, placebo-controlled trial for newly diagnosed glioblastoma (ndGBM), with enrollment completed on May 21, 2024, within 14 months, and topline results expected mid-2025. IGV-001 has FDA Fast Track designation based on prior Phase 1b data showing safety, tolerability, improved overall survival, progression-free survival, tumor response, and immune biomarkers. On May 21, 2024, Imvax announced the closing of an approximately $35 million financing round (Series C - III), with half from new investors, bringing total raised over the prior 15 months to $57 million. This followed a $23 million initial closing in September 2023 and supports operations beyond the Phase 2b readout. Investors include existing backers like HP Wild Holding, Ziff Capital Partners, TLP Investment Partners, Magnetar Capital, and Invus Group, plus new participants in the 2024 round. Cumulative funding since 2015 inception reaches about $209-240 million across 6-8 rounds. Imvax raised additional $29 million on January 29, 2025, from existing investors, extending total over 21 months to $86 million and funding operations into 2026, reflecting continued investor confidence in IGV-001's potential for ndGBM patients. |
| Sep 2023 | Undisclosed stage | - | $23M | Imvax is a Philadelphia-based clinical-stage biotechnology company developing personalized, whole tumor-derived immunotherapies through its proprietary Goldspire platform technology. The company's lead candidate, IGV-001, is an autologous tumor vaccine designed to stimulate a patient's immune system against the entire antigen signature of their tumor, with initial focus on glioblastoma multiforme (GBM). In September 2023, Imvax announced the initial closing of a $23 million financing round led by existing investors to support its randomized, multicenter, double-blind, placebo-controlled Phase 2b clinical trial of IGV-001 in patients with newly diagnosed glioblastoma. The company indicated it would continue additional fundraising over subsequent months. Imvax had previously raised $112 million in Series C financing in July 2020 from investors including HP WILD Holding AG, Ziff Capital Partners, Magnetar Capital, TLP Investment Partners, and Invus. As a clinical-stage company with no approved products, Imvax had no disclosed revenue, EBITDA, or valuation metrics at the time of the September 2023 round. |
| Jul 2020 | Series C | HP WILD HOLDING AG (lead); TLP Investment Partners; Invus; Ziff Capital Partners; Magnetar Capital | $112M | Imvax, Inc. is a clinical-stage biotechnology company based in Philadelphia, PA, developing personalized, whole tumor-derived immunotherapies using its proprietary Goldspire platform, with lead candidate IGV-001 targeting glioblastoma multiforme (GBM) and potential expansion to other solid tumors. On July 16, 2020, Imvax completed a $112 million Series C financing round led by HP WILD Holding AG, with participation from existing investors Ziff Capital Partners, Magnetar Capital, and TLP Investment Partners, plus new investor Invus. The proceeds fund Phase 2 clinical development of IGV-001, preclinical work and IND-enabling activities for additional oncology indications, expansion of research, development and manufacturing capabilities, and strengthening corporate infrastructure including legal, business development, and HR. Phase 1b data for IGV-001 showed compelling results with no off-target effects or cytokine storms, demonstrating significant overall survival (OS) and progression-free survival (PFS) benefits versus historical controls, particularly at highest doses advancing to Phase 2. The autologous tumor vaccine combines patient tumor cells with an antisense molecule to elicit a personalized immune response, outperforming standard of care in newly diagnosed GBM patients per March 2019 results. Investors expressed alignment with Imvax's mission to transform GBM treatment and extend to other solid tumors focusing on long-term survival. Subsequent financings include a $29 million raise in 2024 from existing investors, contributing to $86 million over 21 months to support Phase 2b trial completion with topline results expected mid-2025; total funding reached $238 million by some estimates. |
| Sep 2019 | Series B | WILD Group Management; Ziff Capital Partners; Magnetar Capital | $40M | - |
| Jun 2017 | Series A | - | $15M | - |
Who has invested in Imvax?
6 investors have backed Imvax across its funding rounds, including Magnetar Capital, Ziff Capital Partners, Invus, TLP Investment Partners, HP WILD HOLDING AG and WILD Group Management.
Lead investors include HP WILD HOLDING AG.
Imvax Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Sep 2019 | ||
| 2 | Participant | Sep 2019 | ||
| 1 | Participant | Jul 2020 | ||
| 1 | Lead | Jul 2020 | ||
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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 TrialImvax Competitors
Imvax competitors include listed companies like Roche and Johnson & Johnson, and private ones like Heyuan Biotechnology, ArsenalBio, Formation Bio and Immunai.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $77B | $26B | $351B | 4.9x | ||
| Private | - | - | $3B | - | ||
| Private | - | - | $1.9B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $94B | $40B | $651B | 6.8x |
Imvax Public Comps
Imvax 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 | |||
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Common questions about Imvax
| When was Imvax founded? | Imvax was founded in 2015. |
| Where is Imvax headquartered? | Imvax is headquartered in Philadelphia, PA, United States. |
| Is Imvax publicly listed? | No, Imvax is a private, VC-backed company. |
| How much funding has Imvax raised? | Imvax has raised $254M across 6 funding rounds. |
| What was Imvax's last funding round? | Imvax's last funding round was a $29M undisclosed-stage round in January 2025. |
| Who are Imvax's investors? | Imvax's investors include Ziff Capital Partners, Magnetar Capital, TLP Investment Partners, HP WILD HOLDING AG, WILD Group Management and Invus. |
| Which companies are comparable to Imvax? | Companies comparable to Imvax include Roche, Heyuan Biotechnology, ArsenalBio, Formation Bio, Immunai and Johnson & Johnson. |
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