Oncomatryx Funding, Investors & Competitors

Oncomatryx has raised $127M across 5 funding rounds, most recently a $68M undisclosed-stage round in March 2026.

Last Oncomatryx funding round

$68M

Undisclosed stage · Mar 2026

Cumulative funding Oncomatryx raised

$127M

across 5 funding rounds

Key investors in Oncomatryx

  • Centre for the Development of Industrial Technology (CDTI)
  • EIC Accelerator
  • Gestion De Capital Riesgo Del Pais Vasco
  • Ekarpen
  • Kutxa Fundazioa
  • The Basque Government
  • Bilbao Bizkaia Kutxa (bbk)

Oncomatryx Overview

About Oncomatryx

Oncomatryx is a Pamplona, Spain-headquartered biopharmaceutical company engineering antibody-drug conjugates and recombinant proteins against tumor stroma components like cancer-associated fibroblasts and endothelial cells. Its lead ADC, OMTX705, halts pancreatic tumor progression in patient-derived xenografts as monotherapy and combined with gemcitabine. Proprietary payloads and linkers yield superior therapeutic indices for pancreatic ductal adenocarcinoma, addressing stroma-mediated resistance in this deadly cancer with five percent five-year survival.


Founded

2009

HQ

SpainBilbao

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Oncomatryx Funding History

Oncomatryx has raised a total of $127M across 5 funding rounds.

Oncomatryx's first fundraising round was a $5M seed round in December 2015. The most recent completed round was a $68M undisclosed-stage round in March 2026.

Oncomatryx funding rounds

Oncomatryx funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2026Undisclosed stageCentre for the Development of Industrial Technology (CDTI) (lead); Kutxa Fundazioa; Ekarpen; The Basque Government; Bilbao Bizkaia Kutxa (bbk)$68M-
Jun 2025Series AEIC Accelerator (lead)$12MOncomatryx Biopharma, a Spanish biotechnology company, develops novel antibody-drug conjugates (ADCs) targeting the tumor microenvironment, with its lead candidate OMTX705 targeting Fibroblast Activation Protein (FAP) in metastatic immune-cold solid tumors such as pancreatic, MSS colorectal, and non-small cell lung cancers. The company operates Europe’s most advanced ADC development platform, integrating proprietary novel payloads, advanced conjugation formats, and fully integrated R&D, chemistry, and conjugation facilities. Oncomatryx secured €12.5 million from the EIC Accelerator program, comprising €2.5 million in grant funding and a €10 million equity investment for its upcoming financing round. This funding supports advancement of expansion cohorts in the ongoing Phase I clinical trial of OMTX705, following promising dose-escalation results with an outstanding safety profile and long responses in FAP-expressing patients, as presented at ASCO 2025. The EIC Accelerator selected Oncomatryx as the only oncology company among 40 from 959 applicants across 16 countries. Earlier in January 2025, Oncomatryx raised €25 million led by existing investors, including a €10 million strategic investment from CDTI, to fund Phase Ib-II clinical trials of OMTX705. The company has received strategic recognition from the Spanish central government and Basque regional administration.
Jan 2025Undisclosed stageCentre for the Development of Industrial Technology (CDTI) (lead)$26MOncomatryx Biopharma, a Spanish biopharmaceutical company based in Zamudio, develops proprietary antibody-drug conjugates (ADCs) targeting cancer-associated fibroblasts (CAFs) in the tumor microenvironment of metastatic solid tumors, such as pancreatic, MSS colorectal, and non-small cell lung cancers. Their lead candidate, OMTX705, is a first-in-class ADC targeting fibroblast activation protein (FAP), currently in Phase I expansion cohorts with encouraging safety and early efficacy data presented at the 2025 ASCO meeting, and Phase Ib-II trials planned. In January 2025, Oncomatryx raised €25 million in a funding round led by existing investors, including a €10 million strategic investment from Centro para el Desarrollo Tecnológico y la Innovación (CDTI) through its Innvierte program, to fund Phase Ib-II clinical trials of OMTX705. The funds will support expansion cohorts, further clinical development, and new pipeline candidates against the tumor microenvironment. This follows 14 years of research confirming efficacy and safety in Phase I trials and animal models. Oncomatryx collaborates with prestigious universities, hospitals, and research centers in the USA and Europe, and has license agreements with large international biopharma companies providing recurrent income. The company has also received additional support, including selection for the European Innovation Council (EIC) Accelerator with €2.5 million grant and €10 million equity for future rounds, and recognition as a strategic company by Spanish central and Basque governments.
Apr 2022Undisclosed stage-$16MOncomatryx is a biopharmaceutical company developing novel antibody-drug conjugates (ADCs) targeting the tumor microenvironment, with its lead candidate OMTX705 aimed at fibroblast activation protein in cancer-associated fibroblasts to treat metastatic solid tumors. In April 2022, the company raised €25 million, including a €10 million strategic investment from CDTI's Innvierte Estrategico program led by existing investors, to fund Phase Ib-II clinical trials of OMTX705. This positioned Oncomatryx among top European biotech fundraises that month, highlighting investor interest in oncology ADCs.
Dec 2015SeedGestion De Capital Riesgo Del Pais Vasco (lead)$5M-

Who has invested in Oncomatryx?

7 investors have backed Oncomatryx across its funding rounds, including Centre for the Development of Industrial Technology (CDTI), EIC Accelerator, Gestion De Capital Riesgo Del Pais Vasco, Ekarpen, Kutxa Fundazioa and The Basque Government.

Lead investors include Centre for the Development of Industrial Technology (CDTI), EIC Accelerator and Gestion De Capital Riesgo Del Pais Vasco.


Oncomatryx Investors

Investors in Oncomatryx by funding rounds participated
InvestorHQRoundsRoleFirst check
Centre for the Development of Industrial Technology (CDTI)SpainMadrid2LeadJan 2025
Gestion De Capital Riesgo Del Pais VascoSpainBilbao1LeadDec 2015
Kutxa FundazioaSpainSpain1ParticipantMar 2026
EkarpenSpainBilbao1ParticipantMar 2026
The Basque GovernmentSpainVitoria-Gasteiz1ParticipantMar 2026

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Oncomatryx

Oncomatryx has acquired 1 company to date.

Last acquisition by Oncomatryx was on May 18th 2023. Oncomatryx acquired Tube Pharmaceuticals for undisclosed valuation.


Latest Acquisitions by Oncomatryx

Tube Pharmaceuticals
Description
Tube Pharmaceuticals develops oncology therapeutics targeting pancreatic, lung, and breast cancers from its base in Munich, Germany. The biopharma collaborates with Helmholtz Centre and universities on small-molecule inhibitors advancing through preclinical trials.
HQ CountryAustria
HQ City
Vienna
Deal Date18 May 2023
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Oncomatryx Competitors

Oncomatryx 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 Oncomatryx
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

Oncomatryx Public Comps

Oncomatryx 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 Oncomatryx

When was Oncomatryx founded?Oncomatryx was founded in 2009.
Where is Oncomatryx headquartered?Oncomatryx is headquartered in Bilbao, Spain.
Is Oncomatryx publicly listed?No, Oncomatryx is a private, VC-backed company.
How much funding has Oncomatryx raised?Oncomatryx has raised $127M across 5 funding rounds.
What was Oncomatryx's last funding round?Oncomatryx's last funding round was a $68M undisclosed-stage round in March 2026, led by Centre for the Development of Industrial Technology (CDTI).
Who are Oncomatryx's investors?Oncomatryx's investors include Centre for the Development of Industrial Technology (CDTI), Gestion De Capital Riesgo Del Pais Vasco, Kutxa Fundazioa, Ekarpen, The Basque Government, Bilbao Bizkaia Kutxa (bbk) and EIC Accelerator.
Which companies are comparable to Oncomatryx?Companies comparable to Oncomatryx include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics.
How many companies has Oncomatryx acquired?Oncomatryx has acquired 1 company, including Tube Pharmaceuticals.

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