OMass Therapeutics Funding, Investors & Competitors

OMass Therapeutics has raised $162M across 5 funding rounds, most recently a $12M Series B in May 2023.

Last OMass Therapeutics funding round

$12M

Series B · May 2023

Cumulative funding OMass Therapeutics raised

$162M

across 5 funding rounds

Key investors in OMass Therapeutics

  • Oxford Science Enterprises
  • Syncona
  • GV
  • Northpond Ventures
  • Sanofi Ventures
  • British Patient Capital
  • University of Oxford

OMass Therapeutics Overview

About OMass Therapeutics

OMass Therapeutics is an Oxford-based biotechnology firm founded in 2016 that pioneers drug discovery through proprietary native mass spectrometry technologies. The company targets difficult proteins such as membrane proteins and protein complexes for therapeutics in immunology and rare diseases. Its OMass platform enables intact protein analysis to identify optimal drug candidates with high specificity. OMass Therapeutics collaborates with leading research institutions and advances pipelines against GPCR and ion channel targets.


Founded

2016

HQ

United KingdomOxford

Website

omass.com

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

OMass Therapeutics Funding History

OMass Therapeutics has raised a total of $162M across 5 funding rounds.

OMass Therapeutics' first fundraising round was a $1M seed round in June 2016. The most recent completed round was a $12M Series B in May 2023.

OMass Therapeutics funding rounds

OMass Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
May 2023Series BBritish Patient Capital (lead)$12MOMass Therapeutics is an Oxford-based platform therapeutics company spun out from the University of Oxford that discovers and develops novel small molecule medicines targeting hard-to-drug proteins using native mass spectrometry for areas of high unmet need in immunology and rare diseases. The company advances therapeutics against solute carriers, complex-bound proteins, and GPCRs, with a pipeline including programs for congenital adrenal hyperplasia, ACTH-dependent Cushing’s, GPR65, SLC15A4, and cGAS. OMass reported no revenue in 2023 alongside an EBITDA loss of GBP 28,579,921, generating potential future revenue through strategic partnerships involving milestone payments and royalties. On May 15, 2023, British Patient Capital invested £10 million in OMass Therapeutics’ Series B extension, increasing the total round to £85.5 million after prior leadership from GV, Sanofi Ventures, and Northpond Ventures, with participation from Syncona and Oxford Science Enterprises. The funding supports pipeline advancement toward clinical trials, facility expansion to a new ARC Oxford Campus site, and leadership additions including Winfried Barchet as VP of Immunology, Julia Sampson as VP of Non-clinical Development, Melissa Faris as Chief Business Officer, and Jim Geraghty as Independent Board Chair.
Apr 2022Series BGV (lead); Northpond Ventures (lead); Sanofi Ventures (lead); University of Oxford; Oxford Science Enterprises; Syncona$95MOMass Therapeutics, a University of Oxford spin-off founded in 2016, develops small-molecule therapeutics targeting hard-to-drug membrane proteins and complex-bound proteins using its proprietary OdyssION platform, which integrates native mass spectrometry, biochemistry, and custom chemistry. The company's pipeline focuses on rare diseases and immunology, including a best-in-class MC2 receptor antagonist for congenital adrenal hyperplasia and ACTH-dependent Cushing’s syndrome, programs targeting gasdermin D for inflammatory diseases, and GPR65 for inflammatory bowel disease. On April 28, 2022, OMass announced a $100 million (£75.5 million) Series B financing round led by GV (formerly Google Ventures), Northpond Ventures, and Sanofi Ventures, with participation from existing investors Syncona, Oxford Science Enterprises, and University of Oxford. This round, one of the largest biotech Series B financings in the UK at the time, aimed to advance the company's portfolio of five preclinical programs toward clinical development. New board members included Scott Biller from GV, Diana Bernstein from Northpond Ventures, and Laia Crespo from Sanofi Ventures. The funding supported progression of novel drugs against validated but intractable targets like solute carriers, complex-bound proteins, and GPCRs. By mid-2025, OMass had raised over $160 million in total funding. In September 2025, it entered an exclusive collaboration with Genentech, receiving $20 million upfront and up to $400 million in milestones for a preclinical oral small-molecule IBD program.
Feb 2020Series ASyncona (lead); Oxford Science Enterprises$35MOMass Therapeutics, a biotechnology company based in Oxford, UK, leverages native mass spectrometry to enable high-definition drug discovery, particularly for membrane protein targets like GPCRs in immunological and genetic disorders. On February 17, 2020, it completed an extended Series A financing of £27.5 million, led by Syncona (£16.6 million) and Oxford Sciences Innovation (£10.4 million), with £0.5 million from the University of Oxford. This followed an initial £14 million Series A in 2018, bringing the total Series A to £41.5 million (approximately US$35.8 million). The funds provide a two-year runway to advance programs against three high-impact GPCR targets toward preclinical development. Syncona, a life sciences investor, views OMass as a leader in native mass spectrometry for studying non-covalent interactions with membrane proteins. The technology originates from Prof. Dame Carol Robinson's academic group. At the time, OMass had initiated drug discovery programs focused on genetically defined patient populations and immunological dysfunction, aiming to deliver novel small molecule therapeutics.
Nov 2018Series ASyncona (lead); Oxford Science Enterprises$18MOMass Therapeutics is a biopharmaceutical company using structural mass spectrometry to discover novel medicines targeting large protein complexes. On November 20, 2018, it completed a £14 million ($18 million) Series A financing led by Syncona, alongside Oxford Sciences Innovation (now Oxford Science Enterprises). The funding supports development of a pipeline of drug development programs leveraging OMass's proprietary technology. Syncona, a FTSE250 healthcare company, partnered with OMass to build global leaders in life sciences. Oxford Sciences Innovation, backed by investors like GV, Sequoia, and the Wellcome Trust, focuses on deep science from the University of Oxford. Dr. Jonathan Hopper, Founder and CEO, highlighted the financing's role in building innovative medicines, while Professor Dame Carol Robinson, Founder and Scientific Advisor, emphasized the power of mass spectrometry approaches. This initial Series A was later extended, with an additional £27.5 million announced, bringing the total Series A to £41.5 million. OMass has since raised further rounds, including a $100 million (£75.5 million) Series B in April 2022 led by GV, Northpond Ventures, and Sanofi Ventures, with participation from Syncona and others.
Jun 2016SeedOxford Science Enterprises (lead)$1M-

Who has invested in OMass Therapeutics?

7 investors have backed OMass Therapeutics across its funding rounds, including Oxford Science Enterprises, Syncona, GV, Northpond Ventures, Sanofi Ventures and British Patient Capital.

Lead investors include British Patient Capital, GV, Northpond Ventures, Sanofi Ventures, Syncona and 1 other investor.


OMass Therapeutics Investors

Investors in OMass Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Oxford Science EnterprisesUnited KingdomOxford4LeadJun 2016
SynconaUnited KingdomLondon3LeadNov 2018
Northpond VenturesUnited StatesWashington, DC1LeadApr 2022
University of OxfordUnited KingdomOxford1ParticipantApr 2022
GVUnited StatesSan Francisco, CA1LeadApr 2022

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OMass Therapeutics Competitors

OMass Therapeutics competitors include listed companies like Lonza Group and Eli Lilly, and private ones like BioRay Pharmaceuticals, Belief BioMed, Letu and Sonoma Biotherapeutics.

Public and private companies comparable to OMass Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Lonza GroupSwitzerlandSwitzerlandPublicly listed$7.9B$2.5B$46B5.9x
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x
Belief BioMedChinaShanghaiPrivate--$1.3B-
LetuChinaShenzhenPrivate--$1.1B-
Sonoma BiotherapeuticsUnited StatesSan Francisco, CAPrivate--$732M-
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x

OMass Therapeutics Public Comps

OMass Therapeutics 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 OMass Therapeutics

When was OMass Therapeutics founded?OMass Therapeutics was founded in 2016.
Where is OMass Therapeutics headquartered?OMass Therapeutics is headquartered in Oxford, United Kingdom.
Is OMass Therapeutics publicly listed?No, OMass Therapeutics is a private, VC-backed company.
How much funding has OMass Therapeutics raised?OMass Therapeutics has raised $162M across 5 funding rounds.
What was OMass Therapeutics' last funding round?OMass Therapeutics' last funding round was a $12M Series B in May 2023, led by British Patient Capital.
Who are OMass Therapeutics' investors?OMass Therapeutics' investors include Oxford Science Enterprises, Syncona, Northpond Ventures, University of Oxford, GV, British Patient Capital and Sanofi Ventures.
Which companies are comparable to OMass Therapeutics?Companies comparable to OMass Therapeutics include Lonza Group, BioRay Pharmaceuticals, Belief BioMed, Letu, Sonoma Biotherapeutics and Eli Lilly.

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