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- Nido Biosciences
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
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Sectors
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2023 | Series B | Bioluminescence Ventures (lead) | $87M | Nido 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 2020 | Series A | 5AM Ventures (lead); Abingworth (lead); Bessemer Venture Partners (lead); Eli Lilly; Dreavent Capital; OUP (Osage University Partners) | $18M | - |
| Sep 2019 | Seed | 5AM 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Sep 2019 | ||
| 1 | Lead | Sep 2020 | ||
| 1 | Lead | Sep 2020 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Lead | May 2023 | ||
This data is available for Pro users. Sign up to see all 7 Nido Biosciences 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 TrialNido 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $65B | $28B | $1.0T | 13.1x | ||
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $61B | $17B | $467B | 8.1x | ||
| Publicly listed | $65B | $28B | $363B | 6.2x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
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 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 | |||
This data is available for Pro users. Sign up to see all Nido Biosciences competitors and their valuation data. Start Free Trial | ||||||||
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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