Nido Biosciences Funding, Investors & Competitors

Nido Biosciences has raised $109M across 3 funding rounds, most recently a $87M Series B in May 2023.

Last Nido Biosciences funding round

$87M

Series B · May 2023

Cumulative funding Nido Biosciences raised

$109M

across 3 funding rounds

Key investors in Nido Biosciences

  • 5AM Ventures
  • Bessemer Venture Partners
  • OUP (Osage University Partners)
  • Eli Lilly
  • Abingworth
  • Bioluminescence Ventures
  • Dreavent Capital

Nido Biosciences Overview

About Nido Biosciences

Nido Biosciences is a New York-headquartered clinical-stage biopharmaceutical company developing precision therapies for amyotrophic lateral sclerosis and other neurodegenerative disorders. The firm advances small-molecule drugs targeting genetic mutations like SOD1 and C9orf72, with candidates entering Phase 2 trials. Nido leverages human genetics data to restore neuronal function and has partnerships with academic institutions.


Founded

2018

HQ

United StatesBoston, MA

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Nido Biosciences Funding History

Nido Biosciences has raised a total of $109M across 3 funding rounds.

Nido Biosciences' first fundraising round was a $4M seed round in September 2019. The most recent completed round was a $87M Series B in May 2023.

Nido Biosciences funding rounds

Nido Biosciences funding rounds
DateStageInvestorsRaisedDeal Summary
May 2023Series BBioluminescence Ventures (lead)$87MNido Biosciences is a neuroscience biotech developing small molecule therapeutics to treat neurodegenerative diseases, including spinal and bulbar muscular atrophy (SBMA, or Kennedy’s disease), amyotrophic lateral sclerosis (ALS), and rare tauopathies. The company employs a precision approach using induced pluripotent stem cell-derived neurons with disease mutations to identify novel, previously undrugged targets for restoring cellular function. Its lead candidate, NIDO-361, entered Phase 1 testing prior to May 2023, with readouts expected soon after. A second small molecule program for ALS and tauopathies was advancing toward lead optimization. On May 15, 2023, Nido raised $74.6 million (other sources cite $86.6 million) in a Series B and Series B-1 round led by Bioluminescence Ventures, with a pre-money valuation of $100 million. This followed prior seed and Series A financings co-led by 5AM Ventures, Abingworth, and Bessemer Venture Partners, with participation from Osage University Partners and Eli Lilly, bringing total funding to $109 million by May 2023. The Series B remained open for additional investors at the time. Bioluminescence Ventures, which emerged from stealth with $477 million under management across two funds, prefers to lead rounds and has board seats in Nido. Nido originated in 2018-2019 as a spinout from 5AM Ventures’ 4:59 Initiative company creation program, operating in stealth until its public launch in May 2023 from Watertown, Massachusetts. The firm’s platform focuses on breakthrough biology for first-in-class or best-in-class therapies in neurology and other areas.
Sep 2020Series A5AM Ventures (lead); Abingworth (lead); Bessemer Venture Partners (lead); Eli Lilly; Dreavent Capital; OUP (Osage University Partners)$18M-
Sep 2019Seed5AM Ventures (lead)$4M-

Who has invested in Nido Biosciences?

7 investors have backed Nido Biosciences across its funding rounds, including 5AM Ventures, Bessemer Venture Partners, OUP (Osage University Partners), Eli Lilly, Abingworth and Bioluminescence Ventures.

Lead investors include Bioluminescence Ventures, 5AM Ventures, Abingworth and Bessemer Venture Partners.


Nido Biosciences Investors

Investors in Nido Biosciences by funding rounds participated
InvestorHQRoundsRoleFirst check
5AM VenturesUnited StatesUnited States2LeadSep 2019
Bessemer Venture PartnersUnited StatesSan Francisco, CA1LeadSep 2020
AbingworthUnited KingdomLondon1LeadSep 2020
Eli LillyUnited StatesIndianapolis, IN1ParticipantSep 2020
Bioluminescence VenturesUnited StatesSan Francisco, CA1LeadMay 2023

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Nido Biosciences Competitors

Nido Biosciences competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.

Public and private companies comparable to Nido Biosciences
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$467B8.1x
MerckUnited StatesUnited StatesPublicly listed$65B$28B$363B6.2x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x

Nido Biosciences Public Comps

Nido Biosciences 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
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
Amgen$37B$17B6.8x6.5x14.8x14.4x

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Common questions about Nido Biosciences

When was Nido Biosciences founded?Nido Biosciences was founded in 2018.
Where is Nido Biosciences headquartered?Nido Biosciences is headquartered in Boston, MA, United States.
Is Nido Biosciences publicly listed?No, Nido Biosciences is a private, VC-backed company.
How much funding has Nido Biosciences raised?Nido Biosciences has raised $109M across 3 funding rounds.
What was Nido Biosciences' last funding round?Nido Biosciences' last funding round was a $87M Series B in May 2023, led by Bioluminescence Ventures.
Who are Nido Biosciences' investors?Nido Biosciences' investors include 5AM Ventures, Bessemer Venture Partners, Abingworth, Eli Lilly, Bioluminescence Ventures, Dreavent Capital and OUP (Osage University Partners).
Which companies are comparable to Nido Biosciences?Companies comparable to Nido Biosciences include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics.

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