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- Renibus Therapeutics
Renibus Therapeutics Revenue, Valuation, Funding & Investors
Renibus Therapeutics is valued at $88M as of February 2022, a 4.9x multiple on its last reported $18M revenue.
Last Renibus Therapeutics valuation
$88M
Series A · Feb 2022
Last Renibus Therapeutics funding round
$25M
Series B · Sep 2023
Renibus Therapeutics revenue
$18M
Series A · Feb 2022
About Renibus Therapeutics
Renibus Therapeutics is a clinical-stage biopharmaceutical company developing therapies for cardiothoracic surgery patients. Based in Salt Lake City, it advances RBT-1, a preconditioning drug activating cytoprotective pathways to reduce acute kidney injury and inflammation post-surgery. The portfolio targets organ protection in cardiac and thoracic procedures.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$18M (Feb 2022)
Valuation
$88M (Feb 2022)
Sectors
Renibus Therapeutics Valuation
Renibus Therapeutics is currently valued at $88M, based on its Series A in February 2022.
Renibus Therapeutics valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Feb 2022 | Series A | $88M | 4.9x |
Renibus Therapeutics Revenue
Renibus Therapeutics' latest recorded revenue is $18M, as of its Series A in February 2022. At a $88M valuation, that implies a 4.9x revenue multiple.
Renibus Therapeutics revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Feb 2022 | $18M | $88M | 4.9x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Renibus Therapeutics Funding History
Renibus Therapeutics has raised a total of $205M across 7 funding rounds.
Renibus Therapeutics' first fundraising round was a $11M Series A in May 2016. The most recent completed round was a $25M Series B in September 2023.
Renibus Therapeutics funding rounds
| Date | Stage | Raised | Valuation | Deal Summary |
|---|---|---|---|---|
| Sep 2023 | Series B | $25M | - | Renibus Therapeutics is a clinical-stage biopharmaceutical company focused on the prevention and treatment of cardio-renal and metabolic diseases. The company's lead program, RBT-1 (stannic protoporfin/iron sucrose), is a potent inducer of anti-inflammatory, antioxidant, and iron scavenging pathways designed to act as a preconditioning agent to reduce the risk of post-operative complications following cardiothoracic surgery. In February 2023, Renibus completed Phase 2 development of RBT-1 and presented positive final results at the American Association for Thoracic Surgery Meeting in May 2023, which prompted FDA Breakthrough Therapy designation in June 2023. The Series B financing round was completed in two tranches, with an initial closing of $47 million announced on July 18, 2023, followed by a final close on September 12, 2023, that upsized the total round to $72 million. The financing included both existing and new investors, including leaders in the cardiac surgery community. Proceeds were designated to advance RBT-1 through a planned Phase 3 pivotal trial, designed as a standalone study to support a New Drug Application submission, with initiation expected in Q4 2023, as well as to selectively fund additional pipeline programs. Post-money valuation was not publicly disclosed in the press releases or available news sources. |
| Jul 2023 | Series B | $47M | - | Renibus Therapeutics is a clinical-stage biopharmaceutical company focused on preventing and treating cardio-renal and metabolic diseases, with its lead candidate RBT-1 aimed at reducing complications in patients undergoing cardiothoracic surgery. On July 18, 2023, the company announced $47 million from initial closings of a Series B financing to fund the pivotal Phase 3 trial of RBT-1, following positive Phase 2 results and FDA Breakthrough Therapy designation in June 2023. The financing was supported by existing and new investors, including leaders in the cardiac surgery community. The Series B round was later upsized, with a final close announced on September 12, 2023, bringing the total raised to $72 million, including a $25 million extension. Proceeds were allocated to initiate the Phase 3 trial in Q4 2023 as a standalone pivotal study for a New Drug Application, with additional funds for selective pipeline advancement. Prior to this, in November 2022, Renibus raised a $33 million bridge financing comprising a $23 million SAFE and $10 million term loan tranche from Oxford Finance. The company's pipeline also includes RBT-2 for chronic kidney disease, RBT-3 for cisplatin-induced nephrotoxicity, and RBT-9 as an anti-inflammatory agent. |
| Jun 2023 | Undisclosed stage | $64M | - | Renibus Therapeutics, a clinical-stage biopharmaceutical company based in Southlake, Texas, develops therapies for preventing and treating cardio-renal and metabolic diseases. Its lead candidate, RBT-1, is a preconditioning agent aimed at reducing organ damage and post-operative complications in patients undergoing cardiac surgery. The company announced an upsized Series B financing round totaling $72 million, with initial closings of $47 million in July 2023 and final close in September 2023. Proceeds from the Series B are designated to fund the pivotal Phase 3 trial of RBT-1, expected to initiate in Q3 or Q4 2023 as a standalone study supporting a New Drug Application. This followed positive Phase 2 results presented at the American Association for Thoracic Surgery meeting in May 2023 and FDA Breakthrough Therapy designation in June 2023. The funding provides runway through Phase 3 and NDA preparation, with potential to support additional pipeline programs including RBT-2 for CKD progression, RBT-3 for cisplatin-induced nephrotoxicity, and RBT-9 for anti-inflammatory applications. Prior to Series B, Renibus raised $35 million in Series A and $33 million in bridge financing in 2022, consisting of $23 million SAFE and $10 million term loan tranche from Oxford Finance. Subsequent developments include a 2025 private equity round of approximately $111 million. |
| Nov 2022 | Undisclosed stage | $23M | - | Renibus Therapeutics is a clinical-stage biopharmaceutical company developing therapies for cardio-renal and metabolic diseases, with a focus on preventing disease progression, protecting against organ damage, and improving outcomes in cardiorenal conditions. Its lead candidate, RBT-1, is a first-in-class therapy designed to reduce complications post-cardiothoracic surgery by activating cytoprotective pathways, having completed Phase 2 development by early 2023. The pipeline also includes RBT-2 for slowing chronic kidney disease progression, RBT-3 for preventing cisplatin-induced nephrotoxicity, and RBT-9, an anti-inflammatory compound. On November 14, 2022, Renibus announced a $33 million bridge financing to advance its portfolio, consisting of a $23 million SAFE offering closed in July and August 2022 led by existing investors and select new high-net-worth individuals and family offices, plus the first $10 million tranche of a $30 million term loan with Oxford Finance LLC. The term loan matures in October 2027 with a 24-month interest-only period extendable to 36 months, providing strategic flexibility amid market challenges. Subsequent developments included a Series B financing starting with $47 million in initial closings announced July 18, 2023, following positive Phase 2 results for RBT-1 presented at AATS 2023 and FDA Breakthrough Designation, followed by an extension to $72 million closed September 12, 2023, to fund a pivotal Phase 3 trial of RBT-1 expected to initiate in Q4 2023 as a standalone study for NDA submission. Investors included leaders in the cardiac surgery community. Later rounds included additional Series B extensions and private equity in 2025 totaling over $110 million, bringing cumulative funding to approximately $250 million across multiple rounds. |
| Feb 2022 | Series A | $20M | $88M | Renibus Therapeutics is a clinical-stage biopharmaceutical company focused on preventing disease progression and protecting against organ damage in cardiorenal diseases. The company's first-in-class lead program, RBT-1, is a potent inducer of Nrf2, IL-10, and ferritin, designed to reduce the risk of postoperative complications following cardiothoracic surgery. In February 2022, Renibus completed a Series A financing round raising $35 million at a post-money valuation of $87.5 million, supported by undisclosed investors. As a clinical-stage biopharmaceutical company, Renibus does not report revenue or EBITDA at this stage of development. The company's pipeline also includes RBT-2 for slowing chronic kidney disease progression, RBT-3 for preventing cisplatin-induced nephrotoxicity, and RBT-9, an anti-inflammatory compound that showed promise in COVID-19 patient outcomes. Subsequent funding rounds occurred later in 2022 and 2023, with a $33 million bridge financing announced in November 2022 and $47 million in Series B financing closed in July 2023, followed by an extension bringing the total Series B round to $72 million by September 2023. |
| Sep 2019 | Series A | $15M | - | - |
| May 2016 | Series A | $11M | - | - |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialRenibus Therapeutics Competitors
Renibus Therapeutics competitors include listed companies like Island Pharmaceuticals and Vistin Pharma, and private ones like Auron Therapeutics, Empyrean Neuroscience, PECA Labs and RedShift BioAnalytics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $88M | - | ||
| Private | - | - | $88M | - | ||
| Private | - | - | $88M | - | ||
| Private | - | - | $88M | - | ||
| Publicly listed | $201K | ($7M) | $88M | 253.6x | ||
| Publicly listed | $48M | $13M | $87M | - |
Renibus Therapeutics Public Comps
Renibus Therapeutics is still privately-owned, but its public comps include Island Pharmaceuticals, Vistin Pharma, Ensol Biosciences, ImmuCell, IBT, Abionyx Pharma, MAIA Biotechnology, Rallybio, Eco Animal Health Group and Adicet Bio.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $201K | ($7M) | 394.4x | 253.6x | (11.1x) | (12.1x) | |||
| $48M | $13M | 1.8x | - | 7.0x | - | |||
| $18K | ($3M) | 4131.4x | - | (25.0x) | - | |||
| $28M | $2M | 3.4x | - | 47.0x | - | |||
| - | ($7M) | - | - | (11.4x) | (6.8x) | |||
| $5M | ($5M) | 18.3x | 17.0x | (15.9x) | (5.2x) | |||
| - | ($23M) | - | - | (2.5x) | (1.9x) | |||
| $858K | ($11M) | - | - | - | - | |||
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Common questions about Renibus Therapeutics
| When was Renibus Therapeutics founded? | Renibus Therapeutics was founded in 2016. |
| Where is Renibus Therapeutics headquartered? | Renibus Therapeutics is headquartered in Dallas, TX, United States. |
| Is Renibus Therapeutics publicly listed? | No, Renibus Therapeutics is a private company. |
| What is Renibus Therapeutics' valuation? | Renibus Therapeutics was last valued at $88M in its Series A in February 2022. |
| How much funding has Renibus Therapeutics raised? | Renibus Therapeutics has raised $205M across 7 funding rounds. |
| What was Renibus Therapeutics' last funding round? | Renibus Therapeutics' last funding round was a $25M Series B in September 2023. |
| What is Renibus Therapeutics' revenue? | Renibus Therapeutics' latest recorded revenue is $18M (February 2022). |
| What is Renibus Therapeutics' revenue multiple? | Renibus Therapeutics' latest valuation implies a 4.9x revenue multiple ($88M valuation on $18M of revenue). |
| Which companies are comparable to Renibus Therapeutics? | Companies comparable to Renibus Therapeutics include Auron Therapeutics, Empyrean Neuroscience, PECA Labs, RedShift BioAnalytics, Island Pharmaceuticals and Vistin Pharma. |
See companies similar to Renibus Therapeutics
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