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- Kriya Therapeutics
Kriya Therapeutics Funding, Investors & Competitors
Kriya Therapeutics has raised $921M across 5 funding rounds, most recently a $321M Series D in August 2025.
Last Kriya Therapeutics funding round
$321M
Series D · Aug 2025
Cumulative funding Kriya Therapeutics raised
$921M
across 5 funding rounds
Key investors in Kriya Therapeutics
Patient Square Capital
JDRF T1D Fund
Narya Capital
Foresite Capital
Bluebird Ventures
QVT Financial
Dexcel Pharma
Transhuman Capital
About Kriya Therapeutics
Kriya Therapeutics is a Redwood City-headquartered gene therapy company developing treatments for ocular, metabolic, and neurologic diseases. The firm operates an integrated platform covering AAV vector design, high-throughput production, and preclinical testing. Kriya Therapeutics advances pipelines including liver-directed therapies and muscle gene transfers. Established around 2020, it maintains labs and manufacturing in the San Francisco Bay Area.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Kriya Therapeutics Funding History
Kriya Therapeutics has raised a total of $921M across 5 funding rounds.
Kriya Therapeutics' first fundraising round was a $81M Series A in May 2020. The most recent completed round was a $321M Series D in August 2025.
Kriya Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2025 | Series D | Patient Square Capital (lead); Premji Invest (lead); JDRF T1D Fund; Peter Thiel; Narya Capital | $321M | Kriya Therapeutics, a clinical-stage biopharmaceutical company founded in 2019 and headquartered in Research Triangle Park, North Carolina, announced the closing of a $320 million Series D financing on September 10, 2025. The round was co-led by Patient Square Capital and Premji Invest, with participation from other investors including Peter Thiel, Narya Capital, and The T1D Fund: A Breakthrough T1D Venture, LLC. The round was oversubscribed and represented a significant step-up from the company's previous Series D financing announced in 2023. Kriya develops focally delivered gene therapies targeting common chronic diseases with significant unmet medical need. Its pipeline includes programs for Geographic Atrophy, Thyroid Eye Disease, Type 1 Diabetes, Metabolic Associated Steatohepatitis (MASH), and Trigeminal Neuralgia. The company is supported by an integrated manufacturing and research platform designed to address manufacturing constraints that have historically limited gene therapy development, enabling parallel advancement of multiple first-ever gene therapy candidates across distinct therapeutic areas. Proceeds from the $320 million financing will support clinical trials across Kriya's gene therapy pipeline and continued development of its manufacturing and research capabilities. Akshay Rai from Premji Invest joined Kriya's Board of Directors in conjunction with the financing. |
| Jul 2023 | Series C | Patient Square Capital (lead) | $150M | Kriya Therapeutics, a clinical-stage biopharmaceutical company founded in October 2019, develops gene therapies targeting prevalent chronic diseases affecting millions worldwide, including ophthalmology, oncology, chronic and rare diseases, using an integrated engine for engineering, computation, manufacturing, and clinical translation. On July 26, 2023, it announced over $150 million in additional Series C financing led by Patient Square Capital, bringing the total Series C round to over $430 million and cumulative committed capital since inception to over $600 million, with cash runway into late 2026. Proceeds support clinical advancement of its broad pipeline and scaling of platforms. Earlier Series C tranches included $270 million in May 2022 also led by Patient Square Capital. Patient Square Capital, a health care investment firm, Managing Partner Jim Momtazee led this financing, highlighting Kriya's potential to expand gene therapy beyond rare diseases to prevalent conditions through its innovative approach. CEO Shankar Ramaswamy emphasized building a fully integrated engine to address gene therapy challenges in research, development, and manufacturing to make it mainstream medicine. By mid-2022, Kriya had grown to over 160 employees from three founders, prioritizing infrastructure before pipeline expansion, with plans for first products in clinic in 2023. The company later raised a $320 million Series D in an unspecified date, co-led by Patient Square Capital and Premji Invest, with participation from Peter Thiel, Narya Capital, and others, further advancing its pipeline for chronic diseases of high unmet need. |
| May 2022 | Series C | Patient Square Capital (lead); JDRF T1D Fund; Bluebird Ventures; Transhuman Capital; Lightswitch Capital; QVT Financial; Foresite Capital; CAM Capital; Alumni Ventures; Dexcel Pharma; Narya Capital | $270M | Kriya Therapeutics is a clinical-stage biopharmaceutical company developing gene therapies for chronic diseases in areas including ophthalmology, metabolic disease, neurology, oncology, and rare diseases, leveraging a fully-integrated proprietary manufacturing, engineering, and computational platform to address high unmet needs. The company announced a $270 million Series C financing on May 16, 2022, led by Patient Square Capital, with participation from Bluebird Ventures, CAM Capital, Dexcel Pharma, Foresite Capital, JDRF T1D Fund, Lightswitch Capital, Narya Capital, QVT Financial, Transhuman Capital, and other undisclosed investors including Alumni Ventures. This round supported advancement of its diverse pipeline into the clinic and scaling of core platforms. The Series C was later extended with an additional $150 million on July 26, 2023, from Patient Square Capital and undisclosed investors, bringing the total Series C to over $420 million and overall funding to more than $600 million across six rounds since 2019, including prior $80 million Series A and $100 million Series B. The funds fueled infrastructure for efficient engineering and production of gene therapies, positioning Kriya to translate programs into clinical stages. Kriya continued raising capital post-Series C, securing a $320 million oversubscribed Series D co-led by Patient Square Capital and Premji Invest, with participation from Peter Thiel, Narya Capital, JDRF T1D Fund, and others, at a significant step-up valuation, to advance clinical trials and manufacturing. Recent undisclosed raises included $313.3 million in August 2024 per SEC filings, contributing to total funding over $1.2 billion, amid a gene therapy field constrained by manufacturing challenges that Kriya aims to solve through its integrated CMC engine. |
| Jul 2021 | Series B | Patient Square Capital (lead) | $100M | Kriya Therapeutics completed a $100 million Series B financing round on July 14, 2021, led by Patient Square Capital, with participation from new investors Woodline Partners LP, CAM Capital, Hongkou, Alumni Ventures, and others, as well as all existing institutional investors including QVT, Dexcel Pharma, Foresite Capital, Bluebird Ventures, Transhuman Capital, Narya Capital, Amplo, and the Juvenile Diabetes Research Foundation T1D Fund. The proceeds were designated to further develop Kriya’s core technology platforms, expand its therapeutic pipeline, and advance current programs in metabolic disease, ophthalmology, and oncology. Kriya operates as a fully integrated platform company pioneering novel technologies and therapeutics in gene therapy, focusing on design, development, and manufacturing. Kirkland & Ellis advised Patient Square Capital on this investment, which closed on the same day and supports Kriya’s mission to transform gene therapy development. Patient Square Capital, a dedicated health care investment firm, included Kriya in its portfolio as part of deploying capital since June 2021. Subsequently, Kriya raised a $270 million Series C in May 2022 led by Patient Square Capital, bringing the two-year total to $450 million, followed by a $150 million addition to Series C, and later rounds including $313.3 million and $320 million Series D, emphasizing its manufacturing capabilities and pipeline in gene therapies for various indications prior to extensive clinical data. |
| May 2020 | Series A | QVT Financial (lead); JDRF T1D Fund; Amplo; Bluebird Ventures; Transhuman Capital; Foresite Capital; Dexcel Pharma; Sahsen Ventures; Paul Manning; Narya Capital | $81M | Kriya Therapeutics is a gene therapy company founded in 2019, headquartered in Redwood City, CA, with operations also in Research Triangle Park, NC, focusing on designing and developing therapies for diseases with specific biological underpinnings using an advanced vector design platform to reduce immune responses and enhance tissue targeting. The company has raised over $600M to $941M across 6 funding rounds from 17+ investors including Patient Square Capital, Premji Invest, JDRF T1D Fund, Narya Capital, Peter Thiel, Foresite Capital, QVT Financial, Amplo, Bluebird Ventures, Sahsen Ventures, Dexcel Pharma, Transhuman Capital, Paul Manning, and others. |
Who has invested in Kriya Therapeutics?
16 investors have backed Kriya Therapeutics across its funding rounds, including Patient Square Capital, JDRF T1D Fund, Narya Capital, Foresite Capital, Bluebird Ventures and QVT Financial.
Lead investors include Patient Square Capital, Premji Invest and QVT Financial.
Kriya Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Jul 2021 | ||
| 3 | Participant | May 2020 | ||
| 3 | Participant | May 2020 | ||
| 2 | Participant | May 2020 | ||
| 2 | Participant | May 2020 | ||
| 2 | Lead | May 2020 | ||
| 2 | Participant | May 2020 | ||
| 2 | Participant | May 2020 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | Aug 2025 | ||
| 1 | Participant | May 2022 | ||
| 1 | Lead | Aug 2025 | ||
| 1 | Participant | May 2022 | ||
This data is available for Pro users. Sign up to see all 16 Kriya Therapeutics 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 TrialAcquisitions by Kriya Therapeutics
Kriya Therapeutics has acquired 2 companies to date.
Last acquisition by Kriya Therapeutics was on September 6th 2023. Kriya Therapeutics acquired Tramontane Therapeutics for undisclosed valuation.
Latest Acquisitions by Kriya Therapeutics
| Description | Tramontane Therapeutics is a Boston-based biotechnology firm developing gene therapies for neurological and metabolic disorders. The company advances AAV vectors targeting diseases like Parkinson's and glycogen storage disorders, with preclinical data presented at ASGCT conferences. | Redpin Therapeutics is a New York-headquartered preclinical gene therapy company founded in 2017. It develops a chemogenetics platform for precision cell therapies targeting neurological disorders such as epilepsy and chronic pain. The proprietary system combines synthetic biology actuators with viral vectors to modulate specific neuron populations noninvasively. |
| HQ Country | ||
| HQ City | Barcelona | New York City, NY |
| Deal Date | 6 Sep 2023 | 16 Nov 2022 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Kriya Therapeutics acquisitions and their M&A valuation multiples. Start Free Trial | ||
Kriya Therapeutics Competitors
Kriya Therapeutics competitors include listed companies like Merck KGaA, Eli Lilly and Johnson & Johnson, and private ones like Sinovac Life Sciences, Immunai and ZSPepLib.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $24B | $5.3B | $66B | 3.1x | ||
| Private | - | - | $3.3B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $732M | - | ||
| Publicly listed | $65B | $28B | $1.0T | 13.1x | ||
| Publicly listed | $94B | $40B | $651B | 6.8x |
Kriya Therapeutics Public Comps
Kriya Therapeutics 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 Kriya Therapeutics
| When was Kriya Therapeutics founded? | Kriya Therapeutics was founded in 2019. |
| Where is Kriya Therapeutics headquartered? | Kriya Therapeutics is headquartered in San Francisco, CA, United States. |
| Is Kriya Therapeutics publicly listed? | No, Kriya Therapeutics is a private, VC-backed company. |
| How much funding has Kriya Therapeutics raised? | Kriya Therapeutics has raised $921M across 5 funding rounds. |
| What was Kriya Therapeutics' last funding round? | Kriya Therapeutics' last funding round was a $321M Series D in August 2025, led by Patient Square Capital and Premji Invest. |
| Who are Kriya Therapeutics' investors? | Kriya Therapeutics' investors include Patient Square Capital, JDRF T1D Fund, Narya Capital, Bluebird Ventures, Transhuman Capital, QVT Financial, Foresite Capital, Dexcel Pharma, Amplo, Peter Thiel and 6 others. |
| Which companies are comparable to Kriya Therapeutics? | Companies comparable to Kriya Therapeutics include Merck KGaA, Sinovac Life Sciences, Immunai, ZSPepLib, Eli Lilly and Johnson & Johnson. |
| How many companies has Kriya Therapeutics acquired? | Kriya Therapeutics has acquired 2 companies, including Tramontane Therapeutics and Redpin Therapeutics. |
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