Promethera Biosciences Funding, Investors & Competitors

Promethera Biosciences has raised $110M across 5 funding rounds, most recently a $8M Series D in December 2019.

Last Promethera Biosciences funding round

$8M

Series D · Dec 2019

Cumulative funding Promethera Biosciences raised

$110M

across 5 funding rounds

Key investors in Promethera Biosciences

  • Mitsubishi UFJ Capital
  • Sony Innovation Fund
  • Pegasus Tech Ventures
  • SFPI-FPIM
  • Boehringer Ingelheim Venture Fund
  • Shinsei Corporate Investment
  • S.R.I.W.
  • Vesalius Biocapital Partners

Promethera Biosciences Overview

About Promethera Biosciences

Promethera Biosciences is a biopharmaceutical company developing stem cell therapies for liver diseases. Mont-Saint-Guibert-based in Belgium, it utilizes patented human adult liver-derived mesenchymal progenitor cells in products like Promethera HSC and HepaStem. The firm conducts Phase II trials for acute-on-chronic liver failure, collaborating with institutions across Europe and Asia.


Founded

2009

HQ

BelgiumMont-Saint-Guibert

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Promethera Biosciences Funding History

Promethera Biosciences has raised a total of $110M across 5 funding rounds.

Promethera Biosciences' first fundraising round was a $32M Series C in November 2014. The most recent completed round was a $8M Series D in December 2019.

Promethera Biosciences funding rounds

Promethera Biosciences funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2019Series DPegasus Tech Ventures (lead); Sony Innovation Fund (lead)$8MPromethera Biosciences, a Belgium-based biotech company developing cell-based therapies for severe liver diseases, closed its Series D financing with an additional €7.5 million ($8.4 million) from new investors Sony Innovation Fund by IGV and Pegasus Tech Ventures on December 16, 2019. This extension followed the initial €39.7 million tranche, bringing the total Series D to approximately €47.2 million, aimed at expanding into Asian markets and advancing liver disease programs. The proceeds supported clinical trials for HepaStem, the company's lead product derived from liver stem cells, targeting non-alcoholic steatohepatitis (NASH) and acute-on-chronic liver failure (ACLF). A NASH trial started in Europe in the first half of 2019, with Phase IIa ongoing for ACLF patients, and plans for ex-European market expansion. Promethera also developed complementary biologics like the anti-TNF-R1 antibody Atrosimab from its acquisition of Baliopharm.
Jun 2019Series DSansei Capital Investment; Shinsei Capital Partners$48MPromethera Biosciences is a global innovator in cell-based medicines focused on liver diseases, with its lead program HepaStem designed for immune-modulatory and anti-fibrotic properties to treat conditions like acute-on-chronic liver failure (ACLF) and non-alcoholic steatohepatitis (NASH). Proceeds from this financing support ongoing clinical evaluation of HepaStem, including a late-stage NASH trial planned for initiation in Europe with expansion to the US and Asia. Promethera has strengthened operations in Asia, particularly Japan and Korea, benefiting from regional openness to stem-cell therapeutics, which has grown its shareholder base. The company aims to advance the world's first cell-based treatment for ACLF and NASH through clinical trials, positioning itself for a transformational period.
Apr 2018Series AShibuya (lead); Shinsei Corporate Investment (lead)$11MPromethera Biosciences secured a $11.5 million bond offering from Shibuya Corporation and Shinsei Corporate Investment in April 2018. The proceeds supported acceleration of the company's clinical pipeline and expansion of research and development activities targeting liver diseases with unmet needs, including acute-on-chronic liver failure (ACLF), nonalcoholic steatohepatitis (NASH), and fibrosis.
Oct 2016Series CBoehringer Ingelheim Venture Fund; S.R.I.W.; Mitsubishi UFJ Capital; SMS Investments; Vesalius Biocapital Partners; Mitsui Global Investment; Fund+$11MPromethera Biosciences is a Belgian biopharmaceutical company developing cell therapies for liver diseases, including inborn liver metabolic disorders and acquired conditions like acute on chronic liver failure. The company uses allogeneic progenitor cells, stem cells, and mature hepatocytes from healthy human livers to create products such as HepaStem, H2Stem, and Heparesc. In 2016, Promethera expanded rapidly by acquiring key assets from Cytonet and broadening its pipeline with pre-commercial products. The company established a Scientific and Medical Advisory Board with international experts in liver diseases to support development. The specified funding round on approximately October 27, 2016, involved investors Boehringer Ingelheim Venture Fund, Fund+, Mitsubishi UFJ Capital, Mitsui Global Investment, S.R.I.W., SMS Investments, and Vesalius Biocapital Partners, noted as raising $11 million, though no valuation, revenue, or financial metrics are detailed.
Nov 2014Series CSFPI-FPIM; Shire; Boehringer Ingelheim$32MPromethera Biosciences, a Belgian biotechnology company founded in 2009, develops Promethera HepaStem, a cell-based therapy using heterologous human adult liver progenitor cells (HHALPC) to treat in-born errors of metabolism such as Urea Cycle Disorders and Crigler-Najjar disease, as well as acquired liver diseases. The company completed its Series C fundraising round on November 25, 2014, raising €25.33 million ($31.4 million), including €20.33 million in new capital, following a Series B round in March 2012 that raised €17 million in equity. Investors in the Series C included Vesalius Biocapital, Boehringer Ingelheim Venture Fund, SRIW, Shire, Mitsui Global Investment, Pall-ATMI LifeSciences, Vives-Louvain Technology Transfer Office Fund, Venture Fund SFPI-FPIM (Belgian Federal Holding and Investment Company), and SMS Investments, with SFPI-FPIM and SMS Investments as new participants. The funds from the Series C round support the advancement of HepaStem into a Phase IIb/III clinical trial (HEP002) in Urea Cycle Disorders, building on positive safety and preliminary efficacy data from the completed Phase I/II study in Urea Cycle Disorders and Crigler-Najjar disease. By 2014, Promethera had raised a total of €65.5 million across three rounds, including capital, grants, and loans from the Walloon region, and employed 44 people under CEO Eric Halioua.

Who has invested in Promethera Biosciences?

16 investors have backed Promethera Biosciences across its funding rounds, including Mitsubishi UFJ Capital, Sony Innovation Fund, Pegasus Tech Ventures, SFPI-FPIM, Boehringer Ingelheim Venture Fund and Shinsei Corporate Investment.

Lead investors include Pegasus Tech Ventures, Sony Innovation Fund, Shibuya and Shinsei Corporate Investment.


Promethera Biosciences Investors

Investors in Promethera Biosciences by funding rounds participated
InvestorHQRoundsRoleFirst check
SFPI-FPIMBelgiumBrussels1ParticipantNov 2014
Boehringer Ingelheim Venture FundGermanyIngelheim am Rhein1ParticipantOct 2016
S.R.I.W.BelgiumBelgium1ParticipantOct 2016
ShireIrelandDublin1ParticipantNov 2014
ShibuyaJapanKanazawa1LeadApr 2018
Shinsei Corporate InvestmentJapanTokyo1LeadApr 2018
Mitsubishi UFJ CapitalJapanTokyo1ParticipantOct 2016
SMS InvestmentsUnited StatesBentonville, AR1ParticipantOct 2016
Vesalius Biocapital PartnersLuxembourgLuxembourg City1ParticipantOct 2016
Mitsui Global InvestmentUnited StatesSan Francisco, CA1ParticipantOct 2016
Sansei Capital InvestmentJapanTokyo1ParticipantJun 2019
Boehringer IngelheimGermanyIngelheim am Rhein1ParticipantNov 2014
Pegasus Tech VenturesUnited StatesSan Jose, CA1LeadDec 2019

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Promethera Biosciences

Promethera Biosciences has acquired 1 company to date.

Last acquisition by Promethera Biosciences was on April 10th 2018. Promethera Biosciences acquired Baliopharm for undisclosed valuation.


Latest Acquisitions by Promethera Biosciences

Baliopharm
Description
Baliopharm AG is a Basel-based biotechnology firm developing monoclonal antibody therapeutics targeting autoimmune disorders including rheumatoid arthritis and Crohn's disease alongside oncology programs.
HQ CountryGermany
HQ City
Jülich
Deal Date10 Apr 2018
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Promethera Biosciences Competitors

Promethera Biosciences 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 Promethera Biosciences
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

Promethera Biosciences Public Comps

Promethera Biosciences 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 Promethera Biosciences

When was Promethera Biosciences founded?Promethera Biosciences was founded in 2009.
Where is Promethera Biosciences headquartered?Promethera Biosciences is headquartered in Mont-Saint-Guibert, Belgium.
Is Promethera Biosciences publicly listed?No, Promethera Biosciences is a private, VC-backed company.
How much funding has Promethera Biosciences raised?Promethera Biosciences has raised $110M across 5 funding rounds.
What was Promethera Biosciences' last funding round?Promethera Biosciences' last funding round was a $8M Series D in December 2019, led by Pegasus Tech Ventures and Sony Innovation Fund.
Who are Promethera Biosciences' investors?Promethera Biosciences' investors include SFPI-FPIM, Boehringer Ingelheim Venture Fund, S.R.I.W., Shire, Shibuya, Shinsei Corporate Investment, Mitsubishi UFJ Capital, SMS Investments, Vesalius Biocapital Partners, Mitsui Global Investment and 6 others.
Which companies are comparable to Promethera Biosciences?Companies comparable to Promethera Biosciences include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics.
How many companies has Promethera Biosciences acquired?Promethera Biosciences has acquired 1 company, including Baliopharm.

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