- Companies
- Prilenia
Prilenia Funding, Investors & Competitors
Prilenia has raised $106M across 2 funding rounds, most recently a $43M Series B in November 2021.
Last Prilenia funding round
$43M
Series B · Nov 2021
Cumulative funding Prilenia raised
$106M
across 2 funding rounds
Key investors in Prilenia
Forbion Capital Partners
Sectoral Asset Management
Talisman Capital Partners
Morningside
Sands Capital Ventures
Amplitude Venture Capital
Morningside Venture Partners
ALS Investment Fund
About Prilenia
Prilenia is a clinical-stage biotechnology company advancing Pridopidine, an oral sigma-1 receptor agonist with a proven safety record from prior trials. The drug targets Huntington's disease in Phase 3 studies and amyotrophic lateral sclerosis in Phase 2, extending to other movement disorders and neurodegenerative conditions in adults and children. Operations span Jersey-headquartered facilities, Israeli research sites, and Boston offices since its 2018 founding.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Sectors
Prilenia Funding History
Prilenia has raised a total of $106M across 2 funding rounds.
Prilenia's first fundraising round was a $63M Series A in June 2020. The most recent completed round was a $43M Series B in November 2021.
Prilenia funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2021 | Series B | Forbion Capital Partners (lead); Morningside Venture Partners (lead); Sands Capital Ventures (lead); Amplitude Venture Capital; Sectoral Asset Management; ALS Investment Fund; Talisman Capital Partners | $43M | Prilenia Therapeutics is a clinical-stage biotechnology company developing treatments for neurodegenerative and neurodevelopmental disorders, including Huntington's disease and ALS, with its lead candidate pridopidine targeting the sigma-1 receptor to restore neurological pathways. The company, founded in 2018, is headquartered in Herzliya, Israel, with operations in Naarden, Netherlands, and Boston, MA. In 2021, Prilenia completed a Series B funding round of $43 million, described in some sources as on November 3, 2021, led by Forbion Capital Partners, Morningside Venture Partners, and Sands Capital Ventures, with participation from ALS Investment Fund, Amplitude Venture Capital, Sectoral Asset Management, and Talisman Capital Partners. This followed a $62.5 million Series A in 2020 from similar investors including Genworks 2, bringing total funding to approximately $105.5 million at that time. The $43 million Series B supports advancement of pridopidine, currently in global Phase 3 PROOF-HD trial for Huntington's disease and Phase 2/3 HEALEY platform trial for ALS. Subsequent developments include a later Series B-II round of $10 million around 2022-2023, pushing total raised to $115.5 million, and pridopidine's European Marketing Authorisation Application acceptance by the EMA for Huntington's disease treatment. Prilenia has filed 43 patents related to dopamine agonists, piperidines, and piperazines. |
| Jun 2020 | Series A | Forbion Capital Partners (lead); Sectoral Asset Management; Morningside; Talisman Capital Partners | $63M | Prilenia Therapeutics, a clinical-stage biotech company founded in September 2018, focuses on developing novel treatments for neurodegenerative and neurodevelopmental disorders, with its lead candidate pridopidine, a highly selective sigma-1 receptor agonist, aimed at Huntington's Disease (HD) and Amyotrophic Lateral Sclerosis (ALS). On June 3, 2020, the company closed a $62.5 million Series A financing round led by Forbion Capital Partners, with participation from new investors Morningside Venture Investments and Sectoral Asset Management, as well as existing investors Talisman Capital Partners and Genworks 2. This round brought total capital raised since inception to $84.5 million. The proceeds from the Series A were designated to fund two late-stage clinical trials for pridopidine: the PROOF-HD Phase 3 trial in HD and a platform trial in ALS, both expected to commence in the second half of 2020, potentially leading to regulatory registration. Alongside the financing, Michael R. Hayden, MD, PhD, was appointed CEO, having previously served as Executive Chairman. Investors highlighted the potential impact of pridopidine on these intractable diseases and the strength of Prilenia's management team. No financial metrics such as post-money valuation, revenue, ARR, EBITDA, or valuation multiples were disclosed in announcements for this specific round. Prilenia later raised additional funds, including an oversubscribed $43 million Series B in November 2021 led by Sands Capital with Forbion and Morningside, bringing total capital to $133.5 million to support commercialization preparations and operations expansion. |
Who has invested in Prilenia?
8 investors have backed Prilenia across its funding rounds, including Forbion Capital Partners, Sectoral Asset Management, Talisman Capital Partners, Morningside, Sands Capital Ventures and Amplitude Venture Capital.
Lead investors include Forbion Capital Partners, Morningside Venture Partners and Sands Capital Ventures.
Prilenia Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jun 2020 | ||
| 2 | Lead | Jun 2020 | ||
| 2 | Participant | Jun 2020 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Lead | Nov 2021 | ||
| 1 | Lead | Nov 2021 | ||
This data is available for Pro users. Sign up to see all 8 Prilenia investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialPrilenia Competitors
Prilenia competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $65B | $28B | $1.0T | 13.1x | ||
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $61B | $17B | $467B | 8.1x | ||
| Publicly listed | $65B | $28B | $363B | 6.2x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
Prilenia Public Comps
Prilenia 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 Prilenia competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Prilenia
| When was Prilenia founded? | Prilenia was founded in 2018. |
| Where is Prilenia headquartered? | Prilenia is headquartered in Herzliya, Israel. |
| Is Prilenia publicly listed? | No, Prilenia is a private, VC-backed company. |
| How much funding has Prilenia raised? | Prilenia has raised $106M across 2 funding rounds. |
| What was Prilenia's last funding round? | Prilenia's last funding round was a $43M Series B in November 2021, led by Forbion Capital Partners, Morningside Venture Partners and Sands Capital Ventures. |
| Who are Prilenia's investors? | Prilenia's investors include Sectoral Asset Management, Forbion Capital Partners, Talisman Capital Partners, Amplitude Venture Capital, Morningside Venture Partners, Sands Capital Ventures, ALS Investment Fund and Morningside. |
| Which companies are comparable to Prilenia? | Companies comparable to Prilenia include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics. |
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