Orphazyme Funding, Investors & Competitors

Orphazyme has raised $39M across 2 funding rounds, most recently a $15M Series B in March 2017.

Last Orphazyme funding round

$15M

Series B · Mar 2017

Cumulative funding Orphazyme raised

$39M

across 2 funding rounds

Key investors in Orphazyme

  • Idinvest Partners
  • Kurma Partners
  • Sunstone Life Science Ventures
  • Aescap Venture
  • Novo Holdings
  • ALS Investment Fund
  • LSP Health Economics Fund

Orphazyme Overview

About Orphazyme

Orphazyme is a biopharmaceutical company focused on lysosomal storage diseases. The firm develops therapies emerging from research at the Danish Cancer Society, collaborating with institutions in Europe and the US. Copenhagen-based Orphazyme advances enzyme activators for genetic disorders.


Founded

2009

HQ

DenmarkCopenhagen

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Orphazyme Funding History

Orphazyme has raised a total of $39M across 2 funding rounds.

Orphazyme's first fundraising round was a $24M Series B in January 2015. The most recent completed round was a $15M Series B in March 2017.

Orphazyme funding rounds

Orphazyme funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2017Series BNovo Holdings; Aescap Venture; Kurma Partners; Idinvest Partners; ALS Investment Fund; LSP Health Economics Fund; Sunstone Life Science Ventures$15MOrphazyme raised EUR 14 million in March 2017 in the second and final close of its Series B financing, bringing the round to EUR 34 million. LSP Health Economics Fund and the ALS Investment Fund joined as new investors, alongside existing shareholders Kurma Partners, Idinvest Partners, Novo Holdings, Sunstone Life Science Ventures and Aescap Venture. The first close of EUR 20 million in January 2015 had been led by Kurma Partners. LSP Managing Partner Martijn Kleijwegt was elected to the board following the transaction. The company said the proceeds would fund development of its lead programme, arimoclomol, in additional indications such as Gaucher disease. Orphazyme is a Danish biopharmaceutical company developing therapies for protein-misfolding diseases. Arimoclomol is being studied for sporadic inclusion body myositis, amyotrophic lateral sclerosis, Niemann-Pick disease type C and Gaucher disease. The company listed on Nasdaq Copenhagen in November 2017.
Jan 2015Series BKurma Partners (lead); Aescap Venture; Idinvest Partners; Sunstone Life Science Ventures$24MOrphazyme ApS, a Copenhagen-based biopharmaceutical company, completed a 20 million Euro Series B financing round on January 9, 2015, led by Kurma Partners with participation from Idinvest Partners and existing investors Novo A/S, Sunstone Capital, and Aescap Venture. The funding supported the initiation of a Phase 2 trial for its lead compound arimoclomol, an orally available small molecule aimed at treating Niemann-Pick disease type C, a lysosomal storage disease, by harnessing the therapeutic potential of heat shock proteins for degenerative diseases. The company focused on severe, mostly fatal rare diseases with high unmet needs, particularly neuromuscular and lysosomal storage diseases. Kurma Partners highlighted Orphazyme's transition from discovery to clinical development, positioning it as a leader in heat shock protein therapies. CEO Anders Hinsby emphasized the commitment from new and existing investors to advance novel therapies for incurable diseases. Later developments included a EUR 14 million financing in 2017 with new investors LSP and ALS Investment Fund, an IPO on Nasdaq Copenhagen in November 2017 raising €80 million at a circa €214 million market capitalization (80 DKK per share), and further capital raises such as approximately DKK 745 million (EUR 100 million) in 2020. Arimoclomol was eventually approved in the US as Miplyffa for Niemann-Pick type C in 2024, though the 2015 investment did not yield financial returns for Kurma despite therapeutic impact.

Who has invested in Orphazyme?

7 investors have backed Orphazyme across its funding rounds, including Idinvest Partners, Kurma Partners, Sunstone Life Science Ventures, Aescap Venture, Novo Holdings and ALS Investment Fund.

Lead investors include Kurma Partners.


Orphazyme Investors

Investors in Orphazyme by funding rounds participated
InvestorHQRoundsRoleFirst check
Aescap VentureNetherlandsAmsterdam2ParticipantJan 2015
Kurma PartnersFranceParis2LeadJan 2015
Idinvest PartnersFranceParis2ParticipantJan 2015
Sunstone Life Science VenturesDenmarkCopenhagen2ParticipantJan 2015
Novo HoldingsDenmarkCopenhagen1ParticipantMar 2017

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Orphazyme Competitors

Orphazyme competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Roche, and private ones like Biosplice Therapeutics and Intas Pharmaceuticals.

Public and private companies comparable to Orphazyme
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.2T14.3x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$665B6.9x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$515B8.8x
RocheSwitzerlandSwitzerlandPublicly listed$78B$26B$382B5.3x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Intas PharmaceuticalsIndiaAhmedabadPrivate$2B-$8.5B-

Orphazyme Public Comps

Orphazyme is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Roche, Merck, Novartis, AstraZeneca, Amgen, Gilead Sciences and Novo Nordisk.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B19.2x14.3x45.1x30.2x
Johnson & Johnson$94B$40B7.4x6.9x17.3x18.8x
AbbVie$61B$17B9.6x8.8x33.7x18.6x
Roche$78B$26B5.3x5.3x15.7x13.3x
Merck$65B$28B6.2x6.1x14.5x22.9x
Novartis$57B$22B6.1x6.1x15.9x14.8x
AstraZeneca$59B$19B5.4x5.1x16.5x14.2x
Amgen$37B$17B7.9x7.4x17.3x16.5x

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Common questions about Orphazyme

When was Orphazyme founded?Orphazyme was founded in 2009.
Where is Orphazyme headquartered?Orphazyme is headquartered in Copenhagen, Denmark.
Is Orphazyme publicly listed?No, Orphazyme is a private, VC-backed company.
How much funding has Orphazyme raised?Orphazyme has raised $39M across 2 funding rounds.
What was Orphazyme's last funding round?Orphazyme's last funding round was a $15M Series B in March 2017.
Who are Orphazyme's investors?Orphazyme's investors include Aescap Venture, Kurma Partners, Idinvest Partners, Sunstone Life Science Ventures, Novo Holdings, ALS Investment Fund and LSP Health Economics Fund.
Which companies are comparable to Orphazyme?Companies comparable to Orphazyme include Eli Lilly, Johnson & Johnson, AbbVie, Roche, Biosplice Therapeutics and Intas Pharmaceuticals.

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