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

Prilenia Overview

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

IsraelHerzliya

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

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

Prilenia funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2021Series BForbion Capital Partners (lead); Morningside Venture Partners (lead); Sands Capital Ventures (lead); Amplitude Venture Capital; Sectoral Asset Management; ALS Investment Fund; Talisman Capital Partners$43MPrilenia 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 2020Series AForbion Capital Partners (lead); Sectoral Asset Management; Morningside; Talisman Capital Partners$63MPrilenia 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

Investors in Prilenia by funding rounds participated
InvestorHQRoundsRoleFirst check
Sectoral Asset ManagementCanadaMontreal2ParticipantJun 2020
Forbion Capital PartnersNetherlandsNaarden2LeadJun 2020
Talisman Capital PartnersUnited StatesColumbus, OH2ParticipantJun 2020
Amplitude Venture CapitalCanadaMontreal1ParticipantNov 2021
Morningside Venture PartnersUnited StatesNew York City, NY1LeadNov 2021
Sands Capital VenturesUnited StatesWashington, DC1LeadNov 2021

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Prilenia Competitors

Prilenia competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.

Public and private companies comparable to Prilenia
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$467B8.1x
MerckUnited StatesUnited StatesPublicly listed$65B$28B$363B6.2x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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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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