Kymab Acquisition, Valuation, Funding & Investors

Kymab was acquired by Sanofi for $1.4B in January 2021.

See full Kymab profile

Kymab acquisition price

$1.4B

Acquired by Sanofi · Jan 2021

Cumulative funding Kymab raised

$190M

across 3 funding rounds

Key investors in Kymab

Kymab Overview

About Kymab

Kymab is a Cambridge-headquartered biopharmaceutical firm established in 2010, engineering fully human antibodies via IntelliSelect transgenic mice platforms. These encode complete human variable gene repertoires for therapeutics targeting immune diseases like atopic dermatitis with KY1005 and immuno-oncology assets. Acquired by Sanofi in 2021, research continues across multiple preclinical pipelines.


Founded

2010

HQ

United KingdomCambridge

Website

kymab.com

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$1.4B (acquired Jan 2021)

Kymab Acquisition

Kymab was acquired by Sanofi for $1.4B on 11 January 2021.

Before the acquisition Kymab had raised $190M across 3 funding rounds.

Kymab acquisition details
AcquirerDateTypePrice
11 Jan 2021Strategic M&A$1.4B

Kymab Funding History

Kymab has raised a total of $190M across 3 funding rounds.

Kymab's first fundraising round was a $40M Series B in May 2014. The most recent completed round was a $100M Series C in November 2016.

Kymab funding rounds

Kymab funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2016Series CORI Capital (lead); Hepalink; Wellcome Trust; Bill & Melinda Gates Foundation; Malin Corporation; Woodford Investment Management$100MKymab, a UK-based biopharmaceutical company spun out from the Wellcome Trust Sanger Institute, develops fully humanized monoclonal antibodies using its Kymouse platform for immuno-oncology, hematology, autoimmune diseases, and infectious diseases. The Series C round on November 24, 2016, raised $100 million, led by ORI Healthcare Fund (ORI Capital) with participation from Shenzhen Hepalink, Malin Corporation, Wellcome Trust, Bill & Melinda Gates Foundation, and Woodford Investment Management (including CF Woodford Equity Income Fund and Woodford Patient Capital). This brought total funding to about $220 million since 2010, following a $90 million Series B in 2015. The proceeds were allocated to advance Kymab's product pipeline toward development and commercialization of monoclonal antibody medicines. ORI Fund, a $200 million debut vehicle, made this its largest investment, with follow-on investments in 2019 and 2020. Investors like Hepalink provided global reach and US biologics manufacturing capabilities. ORI later exited its stake to Sanofi in a 2021 deal valued at $1.1 billion upfront plus up to $350 million in milestones, delivering a 2.8x to 2.88x return on investment.
May 2015Series BMalin Corporation (lead); Woodford Investment Management$50M-
May 2014Series BWellcome Trust (lead); Bill & Melinda Gates Foundation$40MKymab is a UK-based biopharmaceutical company spun out from the Wellcome Trust Sanger Institute, specializing in the discovery, development, and commercialization of fully human monoclonal antibody therapeutics using its proprietary Kymouse platform—a genomically engineered mouse enabling production of high-affinity human antibodies for diseases with high unmet needs, including cancer and inflammation. On May 16, 2014, Kymab raised $40 million in a Series B financing round, with $20 million each from the Bill & Melinda Gates Foundation and the Wellcome Trust, matching the query's specified investors and lead. This followed a 2010 Series A of approximately $30 million (£20 million) solely from the Wellcome Trust. The funds supported advancement of clinical development of antibody therapeutics and expansion of its 10 therapeutic antibody discovery programs. Kymab demonstrated strong traction with a 2014 Nature Biotechnology paper on its breakthrough mouse genome humanization technology. Subsequent milestones included a 2015 $50 million investment, 2016 Series C of $100 million, 2019 $60 million financing, successful Phase 2a trial for OX40L blocker KY1005 in 2020, and acquisition by Sanofi in 2021 for $1.1 billion upfront plus up to $350 million in milestones.

Who has invested in Kymab?

6 investors have backed Kymab across its funding rounds, including Bill & Melinda Gates Foundation, Woodford Investment Management, Wellcome Trust, Malin Corporation, ORI Capital and Hepalink.

Lead investors include ORI Capital, Malin Corporation and Wellcome Trust.


Kymab Investors

Investors in Kymab by funding rounds participated
InvestorHQRoundsRoleFirst check
Wellcome TrustUnited KingdomLondon2LeadMay 2014
Bill & Melinda Gates FoundationUnited StatesSeattle, WA2ParticipantMay 2014
Malin CorporationIrelandDublin2LeadMay 2015
Woodford Investment ManagementUnited KingdomOxford2ParticipantMay 2015

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Kymab Competitors

Kymab competitors include listed companies like BeBetter Med, Ultragenyx, Ascentage Pharma Group and Avalyn Pharma, and private ones like Anew Labs and Kardigan.

Public and private companies comparable to Kymab
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BeBetter MedChinaChinaPublicly listed-($21M)$1.4B-
UltragenyxUnited StatesUnited StatesPublicly listed$673M($499M)$1.4B1.6x
Ascentage Pharma GroupChinaChinaPublicly listed$86M($176M)$1.4B13.2x
Avalyn PharmaUnited StatesUnited StatesPublicly listed-($91M)$1.5B-
Anew LabsChinaShanghaiPrivate--$1.5B-
KardiganUnited StatesUnited StatesPrivate--$1.5B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
BeBetter Med-($21M)--(56.8x)-
Ultragenyx$673M($499M)1.7x1.6x(2.3x)(2.6x)
Ascentage Pharma Group$86M($176M)17.0x13.2x(8.3x)(9.8x)
Avalyn Pharma-($91M)--(12.5x)(10.1x)
Xeris Biopharma$292M$38M5.7x4.6x44.1x28.2x
Pharma Mar$255M$77M5.3x5.5x17.5x27.5x
Damora Therapeutics-($211M)--(4.7x)(6.1x)
Bicara Therapeutics-($155M)--(6.4x)(5.4x)

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Common questions about Kymab

When was Kymab founded?Kymab was founded in 2010.
Where is Kymab headquartered?Kymab is headquartered in Cambridge, United Kingdom.
Is Kymab publicly listed?No, Kymab was acquired by Sanofi in January 2021.
Who acquired Kymab?Kymab was acquired by Sanofi in January 2021.
How much was Kymab acquired for?Kymab was acquired for $1.4B in January 2021.
How much funding has Kymab raised?Kymab has raised $190M across 3 funding rounds.
What was Kymab's last funding round?Kymab's last funding round was a $100M Series C in November 2016, led by ORI Capital.
Who are Kymab's investors?Kymab's investors include Wellcome Trust, Bill & Melinda Gates Foundation, Malin Corporation, Woodford Investment Management, Hepalink and ORI Capital.
Which companies are comparable to Kymab?Companies comparable to Kymab include BeBetter Med, Ultragenyx, Ascentage Pharma Group, Avalyn Pharma, Anew Labs and Kardigan.

See companies similar to Kymab

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