Neurophth Therapeutics Funding, Investors & Competitors

Neurophth Therapeutics has raised $237M across 4 funding rounds, most recently a $97M Series C in August 2023.

Last Neurophth Therapeutics funding round

$97M

Series C · Aug 2023

Cumulative funding Neurophth Therapeutics raised

$237M

across 4 funding rounds

Key investors in Neurophth Therapeutics

  • HSG
  • CMB International Capital Corporation
  • Fosun International
  • CMG-SDIC Capital Management
  • Northern Light Venture Capital
  • Oriza Holdings
  • SDIC Fund Management
  • Harvest Capital

Neurophth Therapeutics Overview

About Neurophth Therapeutics

Neurophth Therapeutics develops gene therapies as China's first company dedicated to ophthalmic diseases. The clinical-stage biotech targets blindness-causing conditions like Leber hereditary optic neuropathy globally. Based in Wuhan, the firm advances AAV-based vectors through international trials.


Founded

2016

HQ

ChinaWuhan

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Neurophth Therapeutics Funding History

Neurophth Therapeutics has raised a total of $237M across 4 funding rounds.

Neurophth Therapeutics' first fundraising round was a $18M Series A in April 2020. The most recent completed round was a $97M Series C in August 2023.

Neurophth Therapeutics funding rounds

Neurophth Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2023Series CCMB International Capital Corporation (lead); Guangzhou Finance Holdings (lead); Optics Valley Financial Holdings (lead); Wuhan High-Tech (lead); Wuhan optics valley health (lead); Zhejiang Paradise; SDIC Fund Management; BGI Group; CMG-SDIC Capital Management; Fosun International; Changjiang Industrial Investment Group; HSG$97MNeurophth Therapeutics is a China-based company developing gene therapy solutions for eye diseases. In August 2023, it announced a funding round of approximately US$100 million (nearly 700 million yuan or $97.7 million) in its Series C+ round, with investors including CMB International Capital Corporation, Guangzhou Finance Holdings, Optics Valley Financial Holdings, Wuhan High-Tech, and Wuhan Optics Valley Health, among others listed in the query. Lead investors were CMB International Capital Corporation, Guangzhou Finance Holdings, Optics Valley Financial Holdings, Wuhan High-Tech, and Wuhan Optics Valley Health. Proceeds from the financing are designated for advancing clinical trials of Neurophth's core products, enhancing R&D capabilities, and expanding its pipeline. In early 2023, the company's leading candidate NR082 (rAAV2-ND4) achieved a milestone as the first gene therapy drug to complete patient enrollment for a Phase III clinical trial in China. This underscores Neurophth's position in ophthalmology biotech, particularly in gene therapies for ocular conditions. The company operates in a competitive ophthalmology sector with increasing investments.
Nov 2021Series CCMG-SDIC Capital Management (lead); HSG (lead); Sunshine Insurance Group; CMB International Capital Corporation$60MNeurophth Therapeutics Ltd. is a fully integrated genomic medicines company focused on developing gene therapies, particularly AAV-based therapies for ophthalmic diseases to improve patients' lives through curative potential. The company, founded in 2016 and headquartered in Wuhan, China, emphasizes core values of Honesty, Ownership, Patient-first, and Excellence (HOPE). Its product candidates target genetic diseases, with core product NFS-01 having entered registered clinical trials in China by late 2021, alongside programs for ND1-mediated LHON (in clinic in China), glaucoma, and diabetic retinopathy (late preclinical). On November 23, 2021, Neurophth closed over $60 million USD in Series C financing, co-led by CMG-SDIC Capital and Sequoia Capital China, with participation from a syndicate including investors like Sunshine Insurance Group. This round validates the company's AAV technology and in-house cGMP platforms, funding advancements in gene therapy pipeline, technological innovation, industrialization, and bringing safe, effective, affordable drugs to patients. CEO Alvin Luk highlighted promising programs and discussions for expanding R&D to extra-ocular diseases and licensing products outside China. Neurophth operates in a competitive biotech landscape with rivals like Kriya Therapeutics, Rezolute, Aviceda Therapeutics, EyePoint Pharmaceuticals, and Molecular Partners. Aggregate funding across six rounds totals approximately $125 million, reflecting investor confidence, though specific details for prior rounds like a $63 million Series C in 2018 are noted separately. The 2021 financing supports clinical progression and platform improvements amid growing interest in ophthalmic gene therapies.
Feb 2021Series BGuofang Capital (lead); InnoVision Capital (lead); Northern Light Venture Capital; Harvest Capital; Grand Mount Capital; Oriza Holdings; HSG$62M-
Apr 2020Series AFosun International (lead); HSG (lead)$18M-

Who has invested in Neurophth Therapeutics?

19 investors have backed Neurophth Therapeutics across its funding rounds, including HSG, CMB International Capital Corporation, Fosun International, CMG-SDIC Capital Management, Northern Light Venture Capital and Oriza Holdings.

Lead investors include CMB International Capital Corporation, Guangzhou Finance Holdings, Optics Valley Financial Holdings, Wuhan High-Tech, Wuhan optics valley health and 5 other investors.


Neurophth Therapeutics Investors

Investors in Neurophth Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
HSGHong KongHong Kong4LeadApr 2020
CMG-SDIC Capital ManagementChinaBeijing2LeadNov 2021
Fosun InternationalHong KongHong Kong2LeadApr 2020
CMB International Capital CorporationHong KongHong Kong2LeadNov 2021
Optics Valley Financial HoldingsChinaWuhan1LeadAug 2023
Sunshine Insurance GroupChinaBeijing1ParticipantNov 2021
Guangzhou Finance HoldingsChinaGuangzhou1LeadAug 2023
Wuhan High-TechChinaChina1LeadAug 2023
Zhejiang ParadiseChinaHangzhou1ParticipantAug 2023
SDIC Fund ManagementChinaBeijing1ParticipantAug 2023
BGI GroupChinaShenzhen1ParticipantAug 2023
Northern Light Venture CapitalChinaBeijing1ParticipantFeb 2021
InnoVision CapitalChinaBeijing1LeadFeb 2021

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Neurophth Therapeutics Competitors

Neurophth Therapeutics competitors include listed companies like Roche, Johnson & Johnson and Illumina, and private ones like ArsenalBio, Heyuan Biotechnology and EverlyWell.

Public and private companies comparable to Neurophth Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RocheSwitzerlandSwitzerlandPublicly listed$77B$26B$351B4.9x
ArsenalBioUnited StatesUnited StatesPrivate--$1.9B-
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
IlluminaUnited StatesUnited StatesPublicly listed$4.3B$1.4B$37B8.4x
Heyuan BiotechnologyChinaShanghaiPrivate--$3B-
EverlyWellUnited StatesAustin, TXPrivate$100M-$1.3B13.0x

Neurophth Therapeutics Public Comps

Neurophth Therapeutics is still privately-owned, but its public comps include Samsung, Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Thermo Fisher Scientific and Siemens.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Samsung$243B$67B4.4x2.4x15.8x4.4x
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x

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Common questions about Neurophth Therapeutics

When was Neurophth Therapeutics founded?Neurophth Therapeutics was founded in 2016.
Where is Neurophth Therapeutics headquartered?Neurophth Therapeutics is headquartered in Wuhan, China.
Is Neurophth Therapeutics publicly listed?No, Neurophth Therapeutics is a private, VC-backed company.
How much funding has Neurophth Therapeutics raised?Neurophth Therapeutics has raised $237M across 4 funding rounds.
What was Neurophth Therapeutics' last funding round?Neurophth Therapeutics' last funding round was a $97M Series C in August 2023, led by CMB International Capital Corporation, Guangzhou Finance Holdings, Optics Valley Financial Holdings, Wuhan High-Tech and 1 other investor.
Who are Neurophth Therapeutics' investors?Neurophth Therapeutics' investors include HSG, CMG-SDIC Capital Management, Fosun International, CMB International Capital Corporation, Optics Valley Financial Holdings, Sunshine Insurance Group, Guangzhou Finance Holdings, Wuhan High-Tech, Zhejiang Paradise, SDIC Fund Management and 9 others.
Which companies are comparable to Neurophth Therapeutics?Companies comparable to Neurophth Therapeutics include Roche, ArsenalBio, Johnson & Johnson, Illumina, Heyuan Biotechnology and EverlyWell.

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