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

Renibus Therapeutics Overview

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

United StatesDallas, TX

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$18M (Feb 2022)

Valuation

$88M (Feb 2022)

Renibus Therapeutics Valuation

Renibus Therapeutics is currently valued at $88M, based on its Series A in February 2022.

Renibus Therapeutics valuation by funding round

Renibus Therapeutics valuation by funding round
DateStageValuationRevenue Multiple
Feb 2022Series A$88M4.9x

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

Renibus Therapeutics revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2022$18M$88M4.9xSeries 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

Renibus Therapeutics funding rounds
DateStageRaisedValuationDeal Summary
Sep 2023Series 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 2023Series 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 2023Undisclosed 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 2022Undisclosed 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 2022Series A$20M$88MRenibus 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 2019Series A$15M--
May 2016Series A$11M--

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Renibus 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.

Public and private companies comparable to Renibus Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Auron TherapeuticsUnited StatesBoston, MAPrivate--$88M-
Empyrean NeuroscienceUnited StatesNew York City, NYPrivate--$88M-
PECA LabsUnited StatesPittsburgh, PAPrivate--$88M-
RedShift BioAnalyticsUnited StatesUnited StatesPrivate--$88M-
Island PharmaceuticalsAustraliaAustraliaPublicly listed$201K($7M)$88M253.6x
Vistin PharmaNorwayNorwayPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Island Pharmaceuticals$201K($7M)394.4x253.6x(11.1x)(12.1x)
Vistin Pharma$48M$13M1.8x-7.0x-
Ensol Biosciences$18K($3M)4131.4x-(25.0x)-
ImmuCell$28M$2M3.4x-47.0x-
IBT-($7M)--(11.4x)(6.8x)
Abionyx Pharma$5M($5M)18.3x17.0x(15.9x)(5.2x)
MAIA Biotechnology-($23M)--(2.5x)(1.9x)
Rallybio$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.

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