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- Inspirna
Inspirna Valuation, Funding & Investors
Inspirna is valued at $200M as of July 2022.
Last Inspirna valuation
$200M
Series D · Jul 2022
Last Inspirna funding round
$55M
Series D · Jul 2022
Cumulative funding Inspirna raised
$145M
across 6 funding rounds
Key investors in Inspirna
Novo Holdings
Sofinnova Partners
Partnership Fund for New York City
Dreavent Capital
Lepu Medical
Alexandria Venture Investments
About Inspirna
Inspirna is a New York-headquartered clinical-stage biopharmaceutical company formerly known as Rgenix that targets RNA-dysregulated cancer drivers with small molecules and biologics. Its lead candidates include RGX-202, an oral therapy in Phase 1b for RAS-mutant colorectal cancer, and RGX-104 in Phase 1b/2 for small cell and non-small cell lung cancers. The proprietary discovery platform identifies novel oncology targets.
Founded
2010
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$200M (Jul 2022)
Sectors
Inspirna Valuation
Inspirna is currently valued at $200M, based on its Series D in July 2022. Read the announcement ↗
The $55M round was led by Sands Capital Ventures and Vivo Capital, with participation from Sixty Degree Capital, Novo Holdings, Sofinnova Partners, Partnership Fund for New York City, Lepu Medical and 1 other investor.
Inspirna valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2022 | Series D | $200M |
Inspirna Funding History
Inspirna has raised a total of $145M across 6 funding rounds.
Inspirna's first fundraising round was a $3M seed round in September 2013. The most recent completed round was a $55M Series D in July 2022.
Inspirna funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2022 | Series D | Sands Capital Ventures (lead); Vivo Capital (lead); Sixty Degree Capital; Novo Holdings; Sofinnova Partners; Partnership Fund for New York City; Lepu Medical; Dreavent Capital | $55M | $200M | Inspirna, formerly Rgenix, raised a $50 million Series D financing in July 2022, co-led by Sands Capital and Vivo Capital. New investor Dreavent 6 joined, alongside existing investors Novo Holdings, Sofinnova Partners, Sixty Degree Capital Fund, the New York City Investment Fund and Lepu Holdings. Michael Ginder of Sands Capital and Jack Nielsen of Vivo Capital joined the board with the round. Proceeds were directed to clinical development of RGX-202 (ompenaclid) in advanced colorectal cancer and RGX-104 in lung and endometrial cancers. Inspirna is a clinical-stage oncology company headquartered in New York City that develops first-in-class small-molecule therapeutics for cancers of high unmet need, using a microRNA-based target discovery platform originating at The Rockefeller University. The round was the largest of its six venture financings since the company was founded. |
| Feb 2021 | Series A | - | $6M | - | Inspirna, previously known as Rgenix, is a clinical-stage biopharmaceutical company developing first-in-class small molecule therapeutics for oncology, including RGX-202 for RAS mutant colorectal cancer and RGX-104 for lung and endometrial cancer. The company originated from science at Rockefeller University and has raised over $142 million across eight funding rounds from 17 investors, including Novo Holdings, Sofinnova Partners, Sands Capital, and Vivo Capital. On February 24, 2021, Inspirna completed an unattributed funding round, part of its series of financings ahead of larger Series D rounds. Subsequent rounds included a $50 million Series D in July 2022 co-led by Sands Capital and Vivo Capital to advance clinical programs. Inspirna advanced its pipeline with RGX-202 showing a 37% objective response rate and 10.2 months median progression-free survival in colorectal cancer patients at ESMO 2023, leading to a $45 million upfront deal with Merck KGaA for ex-U.S. rights. The company wound down operations on March 31, 2025, after 10 years. |
| Oct 2018 | Series C | Lepu Medical (lead); Wuxi AppTec; Novo Holdings; Alexandria Venture Investments; Sofinnova Partners; Partnership Fund for New York City; Oceanpine Capital | $40M | - | Rgenix, Inc. (rebranded as Inspirna), a clinical-stage biopharmaceutical company, develops first-in-class small molecule and antibody cancer therapeutics targeting novel RNA-based mechanisms, including RGX-104 for combination with checkpoint inhibitors. On October 9, 2018, it raised $40 million in a Series C financing led by Lepu Medical (listed as Lepu Holdings Limited), with participation from new investors Oceanpine Capital and WuXi AppTec’s Corporate Venture Fund, alongside existing investors Novo Holdings A/S, Sofinnova Partners, Alexandria Venture Investments, LLC, and the Partnership Fund for New York City’s Innovate NY Fund. The funds support advancement of clinical and pre-clinical oncology programs and general corporate purposes. Lepu Medical expressed interest in potential collaborations given their PD-1, PD-L1 inhibitors and oncolytic virus in trials. |
| Jun 2016 | Series B | Novo Holdings (lead); Sofinnova Partners (lead) | $33M | - | Inspirna, formerly known as Rgenix, is a cancer therapeutics company developing first-in-class small molecule drugs targeting novel cancer pathways, utilizing an mRNA-based target discovery platform from its scientific co-founders at The Rockefeller University. The company focuses on drug candidates for cancers with high unmet needs and is backed by leading biotechnology investors including Novo A/S, Sofinnova Partners, Partnership Fund for New York City, Alexandria Venture Investments, and Conegliano Ventures LP. On June 15, 2016, Rgenix (now Inspirna) announced a $33 million Series B financing round led by Novo A/S (Novo Holdings) and Sofinnova Partners, with participation from existing investors. Nilesh Kumar of Novo Ventures and Antoine Papiernik of Sofinnova Partners joined the board alongside existing members such as Executive Chairman Eric Rowinsky, M.D., Masoud Tavazoie, M.D. Ph.D., Nancy Chang, Ph.D., and Saeed Tavazoie, Ph.D. Later rounds include a $50M Series D in July 2022 co-led by Sands Capital and Vivo Capital with participation from Novo Holdings A/S and Sofinnova Partners, and a $55M funding noted around the same time. Inspirna continued development of candidates like Abequolixron (RGX-104) for relapsed or refractory lung cancer and presented Phase 1b data in later years, indicating ongoing clinical progress post-2016 funding. |
| Aug 2015 | Series A | Paolo Rubatto (lead); Dreavent Capital | $8M | - | Inspirna raised $8 million in a funding round on August 17, 2015, from investors Dreavent Capital and Paolo Rubatto. Paolo Rubatto served as the lead investor. |
| Sep 2013 | Seed | Arya Bolurfrushan | $3M | - | - |
Who has invested in Inspirna?
13 investors have backed Inspirna across its funding rounds, including Novo Holdings, Sofinnova Partners, Partnership Fund for New York City, Dreavent Capital, Lepu Medical and Alexandria Venture Investments.
Lead investors include Sands Capital Ventures, Vivo Capital, Lepu Medical, Novo Holdings, Sofinnova Partners and 1 other investor.
Inspirna Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2016 | ||
| 3 | Lead | Jun 2016 | ||
| 2 | Participant | Oct 2018 | ||
| 2 | Lead | Oct 2018 | ||
| 2 | Participant | Aug 2015 | ||
| 1 | Lead | Aug 2015 | ||
| 1 | Participant | Jul 2022 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Sep 2013 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Lead | Jul 2022 | ||
This data is available for Pro users. Sign up to see all 13 Inspirna 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 TrialInspirna Competitors
Inspirna competitors include listed companies like Sol-Gel Technologies, Racura Oncology, Pyxis Oncology and ADC Therapeutics, and private ones like Emulate and Sermonix Pharmaceuticals.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $2M | - | $200M | 100.0x | ||
| Private | - | - | $200M | - | ||
| Publicly listed | $19M | ($7M) | $200M | 41.7x | ||
| Publicly listed | $2M | ($8M) | $201M | 87.7x | ||
| Publicly listed | $14M | ($77M) | $199M | 79.0x | ||
| Publicly listed | $81M | ($97M) | $202M | 1.3x |
Inspirna Public Comps
Inspirna is still privately-owned, but its public comps include Sol-Gel Technologies, Racura Oncology, Pyxis Oncology, ADC Therapeutics, Palisade Bio, Artiva Biotherapeutics, Protalix, MediWound, Polaris Group and Nanexa.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19M | ($7M) | 7.9x | 41.7x | (20.5x) | - | |||
| $2M | ($8M) | 87.7x | 87.7x | (22.3x) | (51.4x) | |||
| $14M | ($77M) | 11.6x | 79.0x | (2.1x) | - | |||
| $81M | ($97M) | 1.2x | 1.3x | (1.0x) | (0.9x) | |||
| - | ($17M) | - | 168.4x | (4.3x) | - | |||
| - | ($87M) | - | - | (1.2x) | - | |||
| $53M | ($4M) | 3.3x | 2.2x | (42.9x) | - | |||
| $17M | ($23M) | 10.5x | 7.9x | (7.6x) | (6.0x) | |||
This data is available for Pro users. Sign up to see all Inspirna competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Inspirna
| When was Inspirna founded? | Inspirna was founded in 2010. |
| Where is Inspirna headquartered? | Inspirna is headquartered in New York City, NY, United States. |
| Is Inspirna publicly listed? | No, Inspirna is a private, VC-backed company. |
| What is Inspirna's valuation? | Inspirna was last valued at $200M in its Series D in July 2022. |
| How much funding has Inspirna raised? | Inspirna has raised $145M across 6 funding rounds. |
| What was Inspirna's last funding round? | Inspirna's last funding round was a $55M Series D in July 2022, led by Sands Capital Ventures and Vivo Capital. |
| Who are Inspirna's investors? | Inspirna's investors include Novo Holdings, Sofinnova Partners, Partnership Fund for New York City, Lepu Medical, Dreavent Capital, Paolo Rubatto, Sixty Degree Capital, Wuxi AppTec, Arya Bolurfrushan, Alexandria Venture Investments and 3 others. |
| Which companies are comparable to Inspirna? | Companies comparable to Inspirna include Emulate, Sermonix Pharmaceuticals, Sol-Gel Technologies, Racura Oncology, Pyxis Oncology and ADC Therapeutics. |
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