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- Ollin Biosciences
Ollin Biosciences Valuation, Funding & Investors
Ollin Biosciences is valued at $500M as of September 2025.
Last Ollin Biosciences valuation
$500M
Series A · Sep 2025
Last Ollin Biosciences funding round
$330M
Series B · Jun 2026
Cumulative funding Ollin Biosciences raised
$430M
across 2 funding rounds
Key investors in Ollin Biosciences
ARCH Venture Partners
Mubadala Capital
Monograph Capital
Andreessen Horowitz
Blackstone
RA Capital Management
About Ollin Biosciences
Ollin Biosciences is an Austin, Texas-based clinical-stage biopharmaceutical company that acquires and develops bispecific antibody therapies for vision-threatening eye diseases rather than pursuing in-house drug discovery. Its lead candidate, OLN324, is a VEGF/Ang2 bispecific antibody licensed from China's Innovent Biologics that is advancing toward Phase 3 trials for diabetic macular edema and wet age-related macular degeneration. A second program, OLN102, licensed from VelaVigo, is a TSHR/IGF-1R bispecific antibody in development for thyroid eye disease and Graves' disease.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$500M (Sep 2025)
Ollin Biosciences Valuation
Ollin Biosciences is currently valued at $500M, based on its Series A in September 2025.
The $100M round was led by ARCH Venture Partners, Monograph Capital and Mubadala Capital.
Ollin Biosciences valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2025 | Series A | $500M |
Ollin Biosciences Funding History
Ollin Biosciences has raised a total of $430M across 2 funding rounds.
Ollin Biosciences' first fundraising round was a $100M Series A in September 2025. The most recent completed round was a $330M Series B in June 2026.
Ollin Biosciences funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Series B | ARCH Venture Partners (lead); TCG Crossover (lead); Monograph Capital; Blackstone; CPP Investments; T. Rowe Price; Andreessen Horowitz; RA Capital Management; Mubadala Capital; Commodore Capital | $330M | - | Ollin Biosciences, a clinical-stage biopharmaceutical company established in 2023 and based in Austin, Texas, has completed an oversubscribed $330 million Series B financing round to advance global Phase 3 development of its lead candidate OLN324 (also known as IBI324), a next-generation VEGF/Ang2 bispecific antibody for diabetic macular edema (DME) and wet age-related macular degeneration (wAMD). The round was co-led by new investor TCGX and founding investor ARCH Venture Partners, with participation from a syndicate including a16z Bio+Health, Blackstone Multi-Asset Investing, RA Capital Management, CPP Investments, Commodore Capital, sovereign wealth funds, and continued investment from co-founding investors Mubadala Capital and Monograph Capital. Proceeds will fund Phase 3 trials commencing in the second half of 2026 and support advancement of OLN102, a TSHR/IGF-1R bispecific antibody for thyroid eye disease and Graves’ disease, into clinical development this year. OLN324 targets the $15 billion retina market and is positioned as a potential best-in-class challenger to Roche’s blockbuster Vabysmo. Ollin did not disclose the valuation at which the funds were raised. The company focuses on acquiring and developing best-in-disease therapies for vision-threatening diseases and operates as a partner of Innovent Biologics. |
| Sep 2025 | Series A | ARCH Venture Partners (lead); Monograph Capital (lead); Mubadala Capital (lead) | $100M | $500M | Ollin Biosciences, a clinical-stage biotech company headquartered in Austin, TX, and founded in 2022, launched from stealth in September 2025 with $100 million in Series A financing to develop next-generation therapies for vision-threatening eye diseases. The company focuses on an asset-centered approach, acquiring and advancing bispecific antibodies rather than in-house discovery, positioning itself as an ophthalmology development engine targeting conditions like wet age-related macular degeneration (AMD), diabetic macular edema (DME), thyroid eye disease (TED), and Graves' disease. The funding round, announced around September 17-25, 2025, was led by ARCH Venture Partners, Monograph Capital, and Mubadala Capital, with some reports also mentioning Deerfield Management. Ollin's lead program, OLN324, is a high-potency VEGF/Ang2 bispecific antibody in phase 1b clinical development for wet AMD and DME, licensed from China's Innovent Biologics and designed to rival Roche's Vabysmo by improving on its dual-target mechanism. The second asset, OLN102 (or OLN210 in some reports), is a preclinical TSHR/IGF-1R bispecific antibody for TED and Graves' disease, licensed from VelaVigo in a deal potentially worth up to $440 million including milestones, with clinical trials planned for 2026. With over 70 employees and leadership including CEO Jason Ehrlich, MD, PhD, the funds will accelerate clinical development, expand the team, scale operations, and add more programs globally. Ollin differentiates through validated biologies from partners like Innovent and VelaVigo, aiming for best-in-disease efficacy and safety in underserved ophthalmology markets dominated by blockbusters like Vabysmo and Tepezza. |
Who has invested in Ollin Biosciences?
10 investors have backed Ollin Biosciences across its funding rounds, including ARCH Venture Partners, Mubadala Capital, Monograph Capital, Andreessen Horowitz, Blackstone and RA Capital Management.
Lead investors include ARCH Venture Partners, TCG Crossover, Monograph Capital and Mubadala Capital.
Ollin Biosciences Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Sep 2025 | ||
| 2 | Lead | Sep 2025 | ||
| 2 | Lead | Sep 2025 | ||
| 1 | Lead | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
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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 TrialOllin Biosciences Competitors
Ollin Biosciences competitors include listed companies like Kamada and Ocumension, and private ones like Yantai Lannacheng Biotechnology, Shoreline Biosciences, Strand Therapeutics and SmartCella.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $180M | $37M | $501M | 2.3x | ||
| Private | $2M | - | $477M | - | ||
| Private | - | - | $528M | - | ||
| Publicly listed | $120M | ($3M) | $548M | - | ||
| Private | - | - | $550M | - | ||
| Private | - | - | $575M | - |
Ollin Biosciences Public Comps
Ollin Biosciences is still privately-owned, but its public comps include Boiron, Onconic Therapeutics, The Beauty Tech Group, Kamada, Ever Supreme Bio Technology, Senseonics Holdings, Contineum Therapeutics, Avacta Group, Pharmicell and Vogenx.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $577M | $83M | 0.8x | - | 5.3x | - | |||
| $39M | $9M | 11.7x | - | 48.5x | - | |||
| $189M | $37M | 2.4x | 2.1x | 12.1x | 7.7x | |||
| $180M | $37M | 2.5x | 2.3x | 11.9x | 9.2x | |||
| $32M | $16M | 14.9x | 14.6x | 29.1x | - | |||
| $35M | ($67M) | 11.8x | 7.4x | (6.2x) | - | |||
| - | ($68M) | - | 74.7x | (3.9x) | (3.7x) | |||
| $152K | ($38M) | 3242.0x | 184.3x | (13.0x) | (14.4x) | |||
This data is available for Pro users. Sign up to see all Ollin Biosciences competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Ollin Biosciences
| When was Ollin Biosciences founded? | Ollin Biosciences was founded in 2023. |
| Where is Ollin Biosciences headquartered? | Ollin Biosciences is headquartered in United States. |
| Is Ollin Biosciences publicly listed? | No, Ollin Biosciences is a private, VC-backed company. |
| What is Ollin Biosciences' valuation? | Ollin Biosciences was last valued at $500M in its Series A in September 2025. |
| How much funding has Ollin Biosciences raised? | Ollin Biosciences has raised $430M across 2 funding rounds. |
| What was Ollin Biosciences' last funding round? | Ollin Biosciences' last funding round was a $330M Series B in June 2026, led by ARCH Venture Partners and TCG Crossover. |
| Who are Ollin Biosciences' investors? | Ollin Biosciences' investors include Monograph Capital, Mubadala Capital, ARCH Venture Partners, TCG Crossover, Blackstone, CPP Investments, T. Rowe Price, Andreessen Horowitz, RA Capital Management and Commodore Capital. |
| Which companies are comparable to Ollin Biosciences? | Companies comparable to Ollin Biosciences include Kamada, Yantai Lannacheng Biotechnology, Shoreline Biosciences, Ocumension, Strand Therapeutics and SmartCella. |
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