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

Ollin Biosciences Overview

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

United StatesUnited States

Website

ollin.bio

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

Ollin Biosciences valuation by funding round
DateStageValuation
Sep 2025Series 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

Ollin Biosciences funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Series BARCH 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 2025Series AARCH Venture Partners (lead); Monograph Capital (lead); Mubadala Capital (lead)$100M$500MOllin 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

Investors in Ollin Biosciences by funding rounds participated
InvestorHQRoundsRoleFirst check
Monograph CapitalUnited KingdomLondon2LeadSep 2025
Mubadala CapitalUAEAbu Dhabi2LeadSep 2025
ARCH Venture PartnersUnited StatesChicago, IL2LeadSep 2025
TCG CrossoverUnited StatesSan Francisco, CA1LeadJun 2026
BlackstoneUnited StatesNew York City, NY1ParticipantJun 2026
CPP InvestmentsCanadaToronto1ParticipantJun 2026
T. Rowe PriceUnited StatesBaltimore, MD1ParticipantJun 2026
Andreessen HorowitzUnited StatesSan Francisco, CA1ParticipantJun 2026

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Ollin 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.

Public and private companies comparable to Ollin Biosciences
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
KamadaIsraelIsraelPublicly listed$180M$37M$501M2.3x
Yantai Lannacheng BiotechnologyChinaYantaiPrivate$2M-$477M-
Shoreline BiosciencesUnited StatesUnited StatesPrivate--$528M-
OcumensionChinaChinaPublicly listed$120M($3M)$548M-
Strand TherapeuticsUnited StatesUnited StatesPrivate--$550M-
SmartCellaSwedenStockholmPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Boiron$577M$83M0.8x-5.3x-
Onconic Therapeutics$39M$9M11.7x-48.5x-
The Beauty Tech Group$189M$37M2.4x2.1x12.1x7.7x
Kamada$180M$37M2.5x2.3x11.9x9.2x
Ever Supreme Bio Technology$32M$16M14.9x14.6x29.1x-
Senseonics Holdings$35M($67M)11.8x7.4x(6.2x)-
Contineum Therapeutics-($68M)-74.7x(3.9x)(3.7x)
Avacta Group$152K($38M)3242.0x184.3x(13.0x)(14.4x)

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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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