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- Orca Bio
Orca Bio Valuation, Funding & Investors
Orca Bio is valued at $1B as of June 2020.
Last Orca Bio valuation
$1B
Series D · Jun 2020
Last Orca Bio funding round
$250M
Series F · Jan 2026
Cumulative funding Orca Bio raised
$442M
across 2 funding rounds
Key investors in Orca Bio
Lightspeed Venture Partners
8VC
Felicis
Mubadala
+ND Capital
DCVC Bio
Orca Bio Overview
About Orca Bio
Orca Bio is a Menlo Park-headquartered clinical-stage cell therapy company engineering allogeneic T-cell products for blood cancers and autoimmune diseases. Its OrcaTropic platform purifies precise cell doses from donors, advancing phase 1/2 trials for lymphoma and multiple sclerosis at centers like Stanford. Orca Bio targets over 100 indications with automated manufacturing.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$1B (Jun 2020)
Sectors
Orca Bio Valuation
Orca Bio is currently valued at $1B, based on its Series D in June 2020.
The $192M round was led by Lightspeed Venture Partners, with participation from DCVC Bio, 8VC, Kaiser Family Foundation, Felicis, Dream Variation Ventures and 5 other investors.
Orca Bio valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2020 | Series D | $1B |
Orca Bio Funding History
Orca Bio has raised a total of $442M across 2 funding rounds.
Orca Bio's first fundraising round was a $192M Series D in June 2020. The most recent completed round was a $250M Series F in January 2026.
Orca Bio funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Series F | Lightspeed Venture Partners (lead) | $250M | - | Orca Bio is a late-stage biotechnology company developing high-precision, allogeneic cell therapies to improve outcomes for patients with hematologic malignancies and autoimmune diseases. Its lead candidate, Orca-T, is an investigational T-cell immunotherapy approaching a PDUFA date of April 6, 2026, for potential U.S. commercialization in leukemia treatment. The company completed a Series F financing round in December 2025 led by Lightspeed Venture Partners, contributing to $250M in aggregate new equity capital from its two most recent rounds, plus a 2025 Silicon Valley Bank credit amendment providing up to $100M in liquidity. The funding supports launch readiness for Orca-T, including scaling commercial operations, strengthening manufacturing infrastructure with new East Coast capacity alongside Sacramento facilities, and advancing the clinical pipeline. Orca Bio is enrolling patients in studies evaluating Orca-T and its second-generation candidate, Orca-Q, in reduced-intensity and nonmyeloablative conditioning regimens for patients unable to tolerate standard myeloablative protocols in allogeneic stem cell transplants. CEO Nate Fernhoff highlighted the financing as validation of Orca-T's potential to set a new standard in cell therapy. The capital positions Orca Bio to commercialize its first therapy and expand into blood cancers and autoimmune diseases. |
| Jun 2020 | Series D | Lightspeed Venture Partners (lead); DCVC Bio; 8VC; Kaiser Family Foundation; Felicis; Dream Variation Ventures; +ND Capital; IMRF; Blue Chip Venture Company; Kaiser Permanente; Mubadala | $192M | $1B | Orca Bio, a clinical-stage biotechnology company based in Menlo Park, CA, develops high-precision allogeneic cell therapies for hematologic malignancies and autoimmune diseases by precisely formulating mixtures of immune cells and hematopoietic stem cells from donor blood to replace conventional bone marrow transplants. The company's platform enables single-cell precision sorting at scale, aiming to improve patient outcomes with reduced risks of graft-versus-host disease and infections. Its lead program, orca-T (previously TRGFT-201), was advancing in phase 1/2 trials for blood cancers at the time, with a second program in phase 1. On June 17, 2020, Orca Bio closed a $192 million Series D financing round co-led by Lightspeed Venture Partners and an undisclosed investor, bringing total capital raised since 2016 to nearly $300 million and valuing the company at more than $1 billion. Other participants included +ND Capital, 8VC, DCVC Bio, Dream Variation Ventures, Mubadala Investment Company, Kaiser Foundation Hospitals, Kaiser Permanente Group Trust, and IMRF (Illinois Municipal Retirement Fund). The proceeds funded advancement of its cell therapy pipeline, including orca-T through clinical development, and its novel high-speed, high-purity manufacturing platform. The round emerged Orca Bio from stealth mode, highlighting its differentiated approach to scalable allogeneic therapies amid competition in cell therapy. Subsequent rounds included a Series F in December 2025 led by Lightspeed for $250 million, reflecting ongoing investor confidence amid clinical progress. |
Who has invested in Orca Bio?
11 investors have backed Orca Bio across its funding rounds, including Lightspeed Venture Partners, 8VC, Felicis, Mubadala, +ND Capital and DCVC Bio.
Lead investors include Lightspeed Venture Partners.
Orca Bio Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
This data is available for Pro users. Sign up to see all 11 Orca Bio 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 TrialOrca Bio Competitors
Orca Bio competitors include listed companies like Arbutus Biopharma, Kolon TissueGene and Star Lake Bioscience, and private ones like BenevolentAI, Immunai and IntraBio.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $10M | - | $1B | 100.0x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $14M | ($37M) | $1B | 6.8x | ||
| Publicly listed | $4M | ($141M) | $1B | 239.4x | ||
| Publicly listed | $2.4B | $314M | $1B | 0.8x |
Orca Bio Public Comps
Orca Bio is still privately-owned, but its public comps include Arbutus Biopharma, Kolon TissueGene, Star Lake Bioscience, SSY Group, Helus Pharma, Alumis, GuangYuYuan Chinese, Vetoquinol, Amphastar Pharma and Adlai Nortye.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $14M | ($37M) | 64.6x | 6.8x | (24.6x) | - | |||
| $4M | ($141M) | 261.1x | 239.4x | (7.0x) | (57.8x) | |||
| $2.4B | $314M | 0.8x | 0.8x | 6.0x | 7.3x | |||
| $530M | $144M | 2.5x | - | 9.2x | - | |||
| - | ($153M) | - | - | (5.4x) | (4.8x) | |||
| $24M | ($263M) | 22.6x | 47.6x | (2.1x) | (1.5x) | |||
| $204M | $23M | 4.5x | - | 40.5x | - | |||
| $605M | $127M | 1.3x | 1.3x | 5.9x | 5.9x | |||
This data is available for Pro users. Sign up to see all Orca Bio competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Orca Bio
| When was Orca Bio founded? | Orca Bio was founded in 2016. |
| Where is Orca Bio headquartered? | Orca Bio is headquartered in San Francisco, CA, United States. |
| Is Orca Bio publicly listed? | No, Orca Bio is a private, VC-backed company. |
| What is Orca Bio's valuation? | Orca Bio was last valued at $1B in its Series D in June 2020. |
| How much funding has Orca Bio raised? | Orca Bio has raised $442M across 2 funding rounds. |
| What was Orca Bio's last funding round? | Orca Bio's last funding round was a $250M Series F in January 2026, led by Lightspeed Venture Partners. |
| Who are Orca Bio's investors? | Orca Bio's investors include Lightspeed Venture Partners, DCVC Bio, 8VC, Kaiser Family Foundation, Felicis, Dream Variation Ventures, +ND Capital, IMRF, Blue Chip Venture Company, Kaiser Permanente and 1 other. |
| Which companies are comparable to Orca Bio? | Companies comparable to Orca Bio include BenevolentAI, Immunai, IntraBio, Arbutus Biopharma, Kolon TissueGene and Star Lake Bioscience. |
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