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- InterVenn
InterVenn Funding, Investors & Competitors
InterVenn has raised $244M across 3 funding rounds, most recently a $201M Series C in August 2021.
Last InterVenn funding round
$201M
Series C · Aug 2021
Cumulative funding InterVenn raised
$244M
across 3 funding rounds
Key investors in InterVenn
True Ventures
Amplify Partners
Genoa Ventures
Anzu Partners
SoftBank Group
Boost VC
Irving Investors
Xeraya Capital
About InterVenn
InterVenn is a biotechnology company pioneering glycoproteomics analysis with an AI-powered platform to decode glycosylated proteins for diagnostics and therapeutics. Its technology maps glycan structures on proteins to enable early disease detection, companion diagnostics, and drug discovery applications. Based in South San Francisco, California, InterVenn collaborates with pharmaceutical giants like Bristol Myers Squibb and offers its platform for partner-led research in oncology and immunology. Launched in 2020, the firm has published findings in Nature Biotechnology highlighting its scalable mass spectrometry methods.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
InterVenn Funding History
InterVenn has raised a total of $244M across 3 funding rounds.
InterVenn's first fundraising round was a $9M Series A in December 2018. The most recent completed round was a $201M Series C in August 2021.
InterVenn funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2021 | Series C | SoftBank Group (lead); Heritage Provider Network; Genoa Ventures; True Ventures; Highside Capital Management; Amplify Partners; Anzu Partners; Irving Investors | $201M | InterVenn Biosciences is a precision medicine company developing an AI-driven glycoproteomics platform using mass spectrometry to identify biomarkers for cancer detection, immunotherapy response prediction, autoimmunity profiling, infectious diseases, and neurodegeneration. Its lead product, Dawn™, is a liquid biopsy blood test designed to predict responses to immune checkpoint inhibitors, validated for melanoma, pancreatic, and lung cancers, with plans for commercialization in 2022 and expansion to other tumor types including ovarian, colorectal, nasopharyngeal, renal cell, liver, prostate, and kidney cancers. The company completed a $201 million Series C funding round in early August 2021 (sources cite dates around August 2, though one mentions September 2), co-led by SoftBank Group, Heritage Provider Network, Irving Investors, and Highside Capital Management, with participation from existing investors Amplify Partners, Anzu Partners, Genoa Ventures, and True Ventures. This round quintupled its prior funding, bringing total capital raised to approximately $246 million since 2018. Proceeds are allocated to accelerate Dawn™ development and commercialization, expand partnerships with pharma, biotech, and medtech firms for new biomarkers and therapies, and develop 16 clinical use cases across oncology and non-oncology indications. InterVenn's platform has shown promising early results in studies for early cancer detection, tumor malignancy assessment (e.g., abdominal tumors in females), therapy response monitoring, and patient stratification. The company aims to unlock the glycoproteome as a new biological layer for diagnostics and treatments, positioning itself in the growing AI-liquid biopsy sector that attracted significant VC in 2020-2021. Cowen acted as sole placement agent. |
| Nov 2020 | Series B | Anzu Partners (lead); Ojjeh Family Fund; Genoa Ventures; Xeraya Capital; True Ventures; Amplify Partners | $34M | InterVenn Biosciences is a South San Francisco-based biotech company founded in 2017 that utilizes a proprietary glycoproteomics biomarker interrogation platform using AI and mass spectrometry for precision medicine. The company's technology identifies, quantifies, and classifies glycoproteomic and other post-translational modification signals found in human blood and tissue for biomarker and target discovery. InterVenn is developing solutions for ovarian, pancreatic, liver, prostate, and kidney cancer, along with applications for treatment monitoring, immune profiling, patient stratification, and disease progression prediction. On November 16, 2020, InterVenn completed a Series B financing round of $34 million led by Anzu Partners, with full participation from existing investors Genoa Ventures, Amplify Partners, and True Ventures. New investors Xeraya Capital and the Ojjeh Family also joined the syndicate. The company had previously raised $9.4 million in a Series A round in 2018, bringing cumulative funding to $43 million following the Series B close. The Series B proceeds were designated for commercializing InterVenn's high-throughput glycoproteomic powered diagnostic for ovarian cancer, servicing increasing partnership platform demand, and accelerating development efforts for immuno-oncology treatment response and colorectal cancer indications. The company expected to complete enrollment and move its diagnostic tool into clinical use by early 2021. John Leite, Ph.D., formerly of Illumina, joined as Chief Business Officer in conjunction with the funding, and David Michael from Anzu Partners joined InterVenn's Board of Directors. InterVenn's Vista suite of solutions provides application-specific disease classifier panels consisting of limited numbers of glycopeptide signatures designed to deliver highly targeted readouts. The company reported having over 2,000 indications under investigation across its platform, positioning itself to unlock the glycoproteome as a novel layer in biology for disease diagnosis and treatment. |
| Dec 2018 | Series A | Genoa Ventures (lead); PradoSV; True Ventures; Amplify Partners; Boost VC | $9M | InterVenn BioSciences raised $9.4 million in Series A funding on December 12, 2018, led by Genoa Ventures with participation from True Ventures, Amplify Partners, Boost VC, and Prado SV. The company was developing an AI-driven mass spectrometry platform focused on glycoproteomic markers to detect and characterize cancer. At the time of the round, InterVenn's primary product was a blood-based ovarian cancer diagnostic undergoing analytical and clinical validation. The financing was designated to accelerate development of this first product and advance the underlying glycoproteomics platform. The company subsequently raised a Series B round of $34 million in 2021 to commercialize the ovarian cancer diagnostic tool, known as Glori, which demonstrated 86% accuracy in differentiating benign from malignant pelvic tumors. A Series C round of $201 million followed, bringing total lifetime funding to $245 million by the time of that later investment. |
Who has invested in InterVenn?
12 investors have backed InterVenn across its funding rounds, including True Ventures, Amplify Partners, Genoa Ventures, Anzu Partners, SoftBank Group and Boost VC.
Lead investors include SoftBank Group, Anzu Partners and Genoa Ventures.
InterVenn Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Dec 2018 | ||
| 3 | Participant | Dec 2018 | ||
| 3 | Participant | Dec 2018 | ||
| 2 | Lead | Nov 2020 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Dec 2018 | ||
| 1 | Lead | Aug 2021 | ||
| -- | 1 | Participant | Nov 2020 | |
| 1 | Participant | Nov 2020 | ||
| 1 | Participant | Aug 2021 | ||
This data is available for Pro users. Sign up to see all 12 InterVenn 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 TrialInterVenn Competitors
InterVenn competitors include listed companies like Illumina, 10x Genomics, Personalis and BillionToOne, and private ones like Intrepid Labs and Applied Intuition.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.3B | $1.4B | $37B | 8.4x | ||
| Publicly listed | $643M | ($16M) | $10B | 15.2x | ||
| Publicly listed | $70M | ($78M) | $1.7B | 20.1x | ||
| Private | - | - | $6.8B | - | ||
| Publicly listed | $305M | $12M | $5.2B | 11.7x | ||
| Private | $415M | - | $15B | 36.1x |
InterVenn Public Comps
InterVenn is still privately-owned, but its public comps include Palantir, Roche, Snowflake, Merck KGaA, Natera, Z.ai, Illumina, Guardant Health, Sartorius and IonQ.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $24B | $5.3B | 3.1x | 3.1x | 14.3x | 10.7x | |||
| $2.3B | ($266M) | 22.5x | 19.0x | (195.0x) | (261.5x) | |||
| $108M | ($658M) | 422.9x | 65.9x | (69.4x) | (73.0x) | |||
| $4.3B | $1.4B | 8.8x | 8.4x | 27.1x | 30.0x | |||
| $982M | ($408M) | 25.7x | 20.2x | (61.8x) | (129.5x) | |||
This data is available for Pro users. Sign up to see all InterVenn competitors and their valuation data. Start Free Trial | ||||||||
Common questions about InterVenn
| When was InterVenn founded? | InterVenn was founded in 2017. |
| Where is InterVenn headquartered? | InterVenn is headquartered in San Francisco, CA, United States. |
| Is InterVenn publicly listed? | No, InterVenn is a private, VC-backed company. |
| How much funding has InterVenn raised? | InterVenn has raised $244M across 3 funding rounds. |
| What was InterVenn's last funding round? | InterVenn's last funding round was a $201M Series C in August 2021, led by SoftBank Group. |
| Who are InterVenn's investors? | InterVenn's investors include Genoa Ventures, True Ventures, Amplify Partners, Anzu Partners, Heritage Provider Network, PradoSV, SoftBank Group, Ojjeh Family Fund, Xeraya Capital, Highside Capital Management and 2 others. |
| Which companies are comparable to InterVenn? | Companies comparable to InterVenn include Illumina, 10x Genomics, Personalis, Intrepid Labs, BillionToOne and Applied Intuition. |
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