- Companies
- OncXerna Therapeutics
OncXerna Therapeutics Funding, Investors & Competitors
OncXerna Therapeutics has raised $127M across 3 funding rounds, most recently a $30M undisclosed-stage round in March 2022.
Last OncXerna Therapeutics funding round
$30M
Undisclosed stage · Mar 2022
Cumulative funding OncXerna Therapeutics raised
$127M
across 3 funding rounds
Key investors in OncXerna Therapeutics
Volcanics Venture
Nan Fung Life Sciences
Korea Investment Partners
KB Investment
Company K Partners
CMB International Capital Corporation
Panacea Venture
K2 HealthVentures
About OncXerna Therapeutics
OncXerna Therapeutics is a precision medicine company utilizing an RNA-based biomarker platform to match clinical-stage therapies with tumor microenvironment biologies. Founded in 2018 and formerly Oncologie, the Philadelphia-based firm identifies responsive patient subsets for improved outcomes in solid and hematologic cancers.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
OncXerna Therapeutics Funding History
OncXerna Therapeutics has raised a total of $127M across 3 funding rounds.
OncXerna Therapeutics' first fundraising round was a $17M seed round in June 2018. The most recent completed round was a $30M undisclosed-stage round in March 2022.
OncXerna Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2022 | Undisclosed stage | K2 HealthVentures; Company K Partners | $30M | OncXerna Therapeutics raised $30M in a Series C funding round on March 4, 2022. The company has secured total funding of $126.5M across three rounds, including a prior Series B in June 2019 and Seed VC in June 2018. Investors in the Series C include Pivotal bioVenture Partners, with overall 11 investors across rounds such as venture capital firms from California, China, Hong Kong, and South Korea. OncXerna Therapeutics, formerly Oncologie, Inc., is a clinical-stage biopharmaceutical company focused on oncology, developing therapies like navicixizumab (DLL4 x VEGF bispecific antibody) for primary peritoneal carcinoma and other indications in Phase 1, and bavituximab for gastro-oesophageal junction malignancies. The company licenses navicixizumab globally, with partnerships involving milestone payments and royalties; for example, Mereo BioPharma licensed it to OncXerna, including up to $300M in milestones. OncXerna develops biomarker-driven therapies, such as the Xerna TME™ Panel, an RNA-based assay to predict responses to anti-angiogenic and immune therapies. The company has been involved in clinical studies and partnerships, including a $2M milestone received by a partner in February 2022 and a $9M milestone in July 2023. |
| Jun 2019 | Series B | Nan Fung Life Sciences (lead); KB Investment; Panacea Venture; Korea Investment Partners; Volcanics Venture; China Summit Capital; Jiuyou Capital | $80M | OncXerna Therapeutics (formerly Oncologie), a biopharmaceutical company, raised funds across multiple rounds including a Series B on June 10, 2019, with investors such as China-based VCs, KB Investment, Korea Investment Partners, Nan Fung Life Sciences, Panacea Venture, and Volcanics Venture from South Korea, Hong Kong, and China. The later Series C of $30M on March 4, 2022 and a Seed VC in 2018 brought total funding to $126.5M over three rounds from 11 investors. The company was later involved in a global license agreement for navicixizumab, an anti-DLL4/VEGF bispecific antibody, with Mereo BioPharma on January 13, 2020, where Feng Biosciences (formerly OncXerna) received global rights. This indicates OncXerna's focus on oncology therapeutics, including assets like navicixizumab for post-platinum ovarian cancer, prior to or around the 2019 funding. |
| Jun 2018 | Seed | Nan Fung Life Sciences (lead); Volcanics Venture; CMB International Capital Corporation | $17M | OncXerna Therapeutics raised funding in a Seed VC round on June 7, 2018, matching the approximate date and investors including Volcanics Venture. Nan Fung Life Sciences participated in early rounds alongside Volcanics Venture. The company develops precision medicine using an RNA-based biomarker platform focused on oncology and personalized medicine technologies. |
Who has invested in OncXerna Therapeutics?
10 investors have backed OncXerna Therapeutics across its funding rounds, including Volcanics Venture, Nan Fung Life Sciences, Korea Investment Partners, KB Investment, Company K Partners and CMB International Capital Corporation.
Lead investors include Nan Fung Life Sciences.
OncXerna Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jun 2018 | ||
| 2 | Participant | Jun 2018 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Jun 2018 | ||
This data is available for Pro users. Sign up to see all 10 OncXerna Therapeutics 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 TrialOncXerna Therapeutics Competitors
OncXerna Therapeutics competitors include listed companies like Roche and Johnson & Johnson, and private ones like Heyuan Biotechnology, ArsenalBio, Formation Bio and Immunai.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $77B | $26B | $351B | 4.9x | ||
| Private | - | - | $3B | - | ||
| Private | - | - | $1.9B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $94B | $40B | $651B | 6.8x |
OncXerna Therapeutics Public Comps
OncXerna 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 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 OncXerna Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about OncXerna Therapeutics
| When was OncXerna Therapeutics founded? | OncXerna Therapeutics was founded in 2018. |
| Where is OncXerna Therapeutics headquartered? | OncXerna Therapeutics is headquartered in Boston, MA, United States. |
| Is OncXerna Therapeutics publicly listed? | No, OncXerna Therapeutics is a private, VC-backed company. |
| How much funding has OncXerna Therapeutics raised? | OncXerna Therapeutics has raised $127M across 3 funding rounds. |
| What was OncXerna Therapeutics' last funding round? | OncXerna Therapeutics' last funding round was a $30M undisclosed-stage round in March 2022. |
| Who are OncXerna Therapeutics' investors? | OncXerna Therapeutics' investors include Nan Fung Life Sciences, Volcanics Venture, KB Investment, K2 HealthVentures, Panacea Venture, Korea Investment Partners, China Summit Capital, CMB International Capital Corporation, Company K Partners and Jiuyou Capital. |
| Which companies are comparable to OncXerna Therapeutics? | Companies comparable to OncXerna Therapeutics include Roche, Heyuan Biotechnology, ArsenalBio, Formation Bio, Immunai and Johnson & Johnson. |
See companies similar to OncXerna Therapeutics
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




