Ori Biotech Funding, Investors & Competitors

Ori Biotech has raised $139M across 3 funding rounds, most recently a $100M Series B in January 2022.

Last Ori Biotech funding round

$100M

Series B · Jan 2022

Cumulative funding Ori Biotech raised

$139M

across 3 funding rounds

Key investors in Ori Biotech

  • Amadeus Capital Partners
  • Delin Ventures
  • Octopus Ventures
  • Northpond Ventures
  • Kindred Capital
  • Puhua Capital
  • Novalis LifeSciences
  • Chimera Investment

Ori Biotech Overview

About Ori Biotech

Ori Biotech is a New York-headquartered developer of automated manufacturing platforms for cell and gene therapies. Its proprietary system standardizes processes from preclinical development to commercial scale, accelerating access to lifesaving treatments. Founded in 2021, the company raised $125 million in Series A funding led by Khosla Ventures to expand its flexible, closed-loop technology.


Founded

2015

HQ

United KingdomLondon

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Ori Biotech Funding History

Ori Biotech has raised a total of $139M across 3 funding rounds.

Ori Biotech's first fundraising round was a $9M seed round in January 2020. The most recent completed round was a $100M Series B in January 2022.

Ori Biotech funding rounds

Ori Biotech funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2022Series BChimera Investment (lead); Novalis LifeSciences (lead); Puhua Capital (lead); Octopus Ventures; Northpond Ventures; Delin Ventures; Amadeus Capital Partners$100MOri Biotech is a cell and gene therapy (CGT) manufacturing technology company based in London and New Jersey, founded in 2015 by Dr. Farlan Veraitch and Prof. Chris Mason. The company develops an innovative platform that automates, digitizes, standardizes, and closes CGT manufacturing processes to address high costs, variability, and low throughput, enabling scalable production from preclinical to commercial stages. Ori's system aims to halve the cost of goods and support therapy developers, CDMOs, and academic medical centers in delivering therapies faster. On January 18, 2022, Ori Biotech closed an oversubscribed Series B funding round of over $100M (also reported as $100M, €88M, or GBP 75.92M), led by Novalis LifeSciences with participation from new investors Chimera Abu Dhabi and Puhua Capital, alongside existing backers Amadeus Capital Partners, Delin Ventures, Northpond Ventures, and Octopus Ventures. This followed a $30M Series A in 2020 and a $9.4M seed round in 2020. Proceeds funded expansion of personnel across functions, pre-commercialization activities, and the launch of the Lightspeed Early Access Program (LEAP) for select partners in 2022, with full commercialization targeted for the first half of 2023. The company grew its team, scientific advisory board, and global facilities post-round, including sites in the UK and US, to support platform rollout. Ori Biotech positioned itself amid booming CGT venture funding, tackling manufacturing bottlenecks highlighted by regulators like the FDA. By August 2022, it had augmented expertise for global expansion.
Oct 2020Series ANorthpond Ventures (lead); Kindred Capital; Octopus Ventures; Delin Ventures; Amadeus Capital Partners$30MOri Biotech is a biotech company founded in 2015 that develops a proprietary, flexible, automated manufacturing platform for cell and gene therapies (CGT), aiming to reduce manufacturing costs by up to 80%, increase throughput, improve quality, and enable scalable production from pre-clinical to commercial stages to broaden patient access to these treatments. The platform addresses key challenges in CGT manufacturing for pharmaceutical and biotech developers working on therapies for cancer, diabetes, rare diseases, and other areas, targeting a $9 billion market with over 1,500 clinical trials and about eight approved products at the time. On October 14, 2020, Ori Biotech closed a $30 million Series A funding round led by Northpond Ventures, with participation from Octopus Ventures and existing investors Amadeus Capital Partners, Delin Ventures, and Kindred Capital, bringing total funding to $41 million including a prior $10 million seed in 2018. The funds were allocated to accelerate market launch of the Ori platform, expand external partnerships from three to six, and support clinical and commercial manufacturing needs amid a challenging period. Key executives include CEO Jason C. Foster, co-founder and Chief Scientific Officer Dr. Farlan Veraitch, and co-founder Professor Chris Mason. Investors highlighted the team's expertise and the platform's potential to disrupt CGT production, with Northpond Ventures' Sharon Kedar and Michael Rubin emphasizing its differentiation in automation and cost reduction. The company planned rapid commercialization, with later developments including a Series B round in January 2022 raising over $100 million led by Novalis LifeSciences, supported by prior investors, to transition through early access partnerships in 2022 to full market launch in 2023.
Jan 2020SeedDelin Ventures (lead); Kindred Capital; Amadeus Capital Partners$9MOri Biotech, a UK-based spinout from University College London founded in 2015 by Dr. Farlan Veraitch and Prof. Chris Mason, develops an automated platform for cell and gene therapy manufacturing to increase throughput, improve quality, and reduce costs. The platform addresses scalability challenges in producing personalized living medicines for clinical and commercial use. In January 2020, Ori Biotech closed a $9.4 million seed round with investors including Amadeus Capital Partners, Delin Ventures, Kindred Capital, a London-based family office, and angel investors. Jason C. Foster joined as CEO following the financing to advance collaborations with suppliers, service providers, and therapy developers. The seed round brought Ori's total funding to that point before the subsequent $30 million Series A in October 2020 led by Northpond Ventures and Octopus Ventures, with participation from the same seed investors, raising overall funding to $41 million to bring the platform to market.

Who has invested in Ori Biotech?

8 investors have backed Ori Biotech across its funding rounds, including Amadeus Capital Partners, Delin Ventures, Octopus Ventures, Northpond Ventures, Kindred Capital and Puhua Capital.

Lead investors include Chimera Investment, Novalis LifeSciences, Puhua Capital, Northpond Ventures and Delin Ventures.


Ori Biotech Investors

Investors in Ori Biotech by funding rounds participated
InvestorHQRoundsRoleFirst check
Delin VenturesUnited KingdomLondon3LeadJan 2020
Amadeus Capital PartnersUnited KingdomCambridge3ParticipantJan 2020
Kindred CapitalUnited KingdomLondon2ParticipantJan 2020
Octopus VenturesUnited KingdomLondon2ParticipantOct 2020
Northpond VenturesUnited StatesWashington, DC2LeadOct 2020
Puhua CapitalChinaHangzhou1LeadJan 2022

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Ori Biotech Competitors

Ori Biotech competitors include listed companies like Wuxi AppTec, Samsung BioLogics, Lonza Group and IQVIA, and private ones like BioRay Pharmaceuticals and Aragen Life Sciences.

Public and private companies comparable to Ori Biotech
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Wuxi AppTecChinaChinaPublicly listed$6.8B$4B$73B8.2x
Samsung BioLogicsSouth KoreaSouth KoreaPublicly listed$3.3B$2B$47B12.5x
Lonza GroupSwitzerlandSwitzerlandPublicly listed$7.9B$2.5B$46B5.9x
IQVIAUnited StatesUnited StatesPublicly listed$16B$3.4B$44B3.4x
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x
Aragen Life SciencesIndiaHyderabadPrivate$179M$48M$1.4B7.8x

Ori Biotech Public Comps

Ori Biotech is still privately-owned, but its public comps include Wuxi AppTec, Samsung BioLogics, Lonza Group, IQVIA, Wuxi Biologics, Divi's Laboratories, Sartorius, Medpace, Eurofins Scientific and Charles River.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Wuxi AppTec$6.8B$4B10.0x8.2x17.0x16.2x
Samsung BioLogics$3.3B$2B14.0x12.5x23.3x23.6x
Lonza Group$7.9B$2.5B6.4x5.9x20.5x18.0x
IQVIA$16B$3.4B3.6x3.4x17.2x14.8x
Wuxi Biologics$3.2B$1.3B7.8x7.0x19.4x18.0x
Divi's Laboratories$1.1B$374M23.3x21.2x68.0x61.8x
Sartorius$3.4B$943M7.1x6.8x25.7x22.0x
Medpace$2.5B$558M6.6x6.1x30.1x27.6x

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Common questions about Ori Biotech

When was Ori Biotech founded?Ori Biotech was founded in 2015.
Where is Ori Biotech headquartered?Ori Biotech is headquartered in London, United Kingdom.
Is Ori Biotech publicly listed?No, Ori Biotech is a private, VC-backed company.
How much funding has Ori Biotech raised?Ori Biotech has raised $139M across 3 funding rounds.
What was Ori Biotech's last funding round?Ori Biotech's last funding round was a $100M Series B in January 2022, led by Chimera Investment, Novalis LifeSciences and Puhua Capital.
Who are Ori Biotech's investors?Ori Biotech's investors include Delin Ventures, Amadeus Capital Partners, Kindred Capital, Octopus Ventures, Northpond Ventures, Puhua Capital, Novalis LifeSciences and Chimera Investment.
Which companies are comparable to Ori Biotech?Companies comparable to Ori Biotech include Wuxi AppTec, Samsung BioLogics, Lonza Group, IQVIA, BioRay Pharmaceuticals and Aragen Life Sciences.

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