Rgenta Therapeutics Funding, Investors & Competitors

Rgenta Therapeutics has raised $117M across 6 funding rounds, most recently a $8M Series A in May 2023.

Last Rgenta Therapeutics funding round

$8M

Series A · May 2023

Cumulative funding Rgenta Therapeutics raised

$117M

across 6 funding rounds

Key investors in Rgenta Therapeutics

  • Kaitai Capital
  • Matrix Partners China
  • Lilly Asia Ventures
  • Legend Star
  • Vivo Capital
  • Boehringer Ingelheim Venture Fund
  • CICC
  • Highlight Capital

Rgenta Therapeutics Overview

About Rgenta Therapeutics

Rgenta Therapeutics is a Cambridge, Massachusetts-headquartered biotech firm developing oral small-molecule drugs targeting RNA splicing for oncology indications. Founded in 2018, its platform analyzes genomics datasets to identify spliceosome modulators that glue regulatory proteins to aberrant RNAs in cancers like solid tumors. Rgenta advances three preclinical programs against undruggable targets, raising $50 million in Series A funding from ARCH Venture Partners and others.


Founded

2018

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2B

Revenue model

Licensing, Subscription

Rgenta Therapeutics Funding History

Rgenta Therapeutics has raised a total of $117M across 6 funding rounds.

Rgenta Therapeutics' first fundraising round was a $10M Series A in January 2020. The most recent completed round was a $8M Series A in May 2023.

Rgenta Therapeutics funding rounds

Rgenta Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
May 2023Series AHighlight Capital (lead); The Leukemia & Lymphoma Society’s Therapy Acceleration Program$8M-
Nov 2022Series AAstraZeneca (lead); CICC (lead); Matrix Partners China; Kaitai Capital; Boehringer Ingelheim Venture Fund; Delos Capital; Korean Investment Partners; Vivo Capital; Lilly Asia Ventures; Legend Star$52MRgenta Therapeutics is a biotechnology company developing oral small-molecule medicines that target RNA and RNA regulation, with an initial focus on oncology and neurological disorders. The company employs a proprietary integrative discovery platform that analyzes human genomics data to identify regulatory sites in RNAs for selective modulation by small molecules, enabling regulation of protein production or alteration of protein functions. On November 29, 2022, Rgenta closed a $52 million Series A financing round led by AZ-CICC Healthcare Investment Fund, with participation from existing investors and new investors including Korean Investment Partners and Delos Capital. Other investors in prior rounds or aligned with the query include Boehringer Ingelheim Venture Fund, Kaitai Capital, Legend Star, Lilly Asia Ventures, Matrix Partners China, and Vivo Capital. The funds are designated to accelerate development of lead programs, enhance target discovery, extend platform capabilities, and advance a pipeline of RNA-targeting programs against various disease indications. Rgenta has demonstrated progress in its pipeline, with the first patients dosed in a Phase 1a/b clinical trial of lead candidate RGT-61159 in October 2024. This oral small molecule targets MYB for treatment of adenoid cystic carcinoma, colorectal cancer, other solid tumors, and acute myeloid leukemia. The multi-center, open-label study evaluates safety, tolerability, pharmacokinetics, target engagement, and efficacy. The company has raised a total of approximately $106.91 million across five funding rounds, including a subsequent Series A-II of $8 million on May 23, 2023, backed by investors like HighLight Capital.
Feb 2022Series A-$9MRgenta Therapeutics is a Cambridge, Massachusetts-based biotech company developing a pipeline of oral, small-molecule RNA-targeting medicines for historically undruggable disease targets, with initial focus on oncology and neurology. The company utilizes a proprietary platform that analyzes massive amounts of human genomics data to identify regulatory sites in RNAs amenable to selective modulation by small molecules, then rapidly screens for drug-like candidates. In November 2022, Rgenta closed a $52 million Series A round led by AZ-CICC Healthcare Investment Fund (a joint venture between AstraZeneca and China International Capital Corporation) with participation from existing investors and new investors including Korean Investment Partners and Delos Capital. The company planned to use the proceeds to accelerate development of its lead programs, enhance target discovery capabilities, extend platform functionality, and advance its RNA-targeting pipeline across multiple disease indications toward clinical development. Rgenta's earlier seed financing was led by a syndicate including Boehringer Ingelheim Venture Fund, Matrix Partners China, Lilly Asia Venture, and Vivo Capital.
May 2021SeedKaitai Capital; Vivo Capital; Lilly Asia Ventures$18MRgenta Therapeutics, based in Woburn, Massachusetts, develops oral small-molecule RNA-targeting medicines focused on oncology and neurological disorders. The company uses a proprietary platform that analyzes genomics data to identify targetable RNA processing events and designs small-molecule glues to modulate spliceosome, regulatory protein, and RNA interactions, targeting historically undruggable diseases. On May 25, 2021, Rgenta announced the closing of an $18 million seed extension round, welcoming new investors Lilly Asia Ventures (LAV) and Vivo Capital, along with additional contribution from Kaitai Capital. This followed an initial seed round in 2020 co-led by BIVF and Matrix Capital Management with other early investors, bringing total funding raised to $38 million at that point. The proceeds were intended to accelerate the pipeline toward clinical development and expand programs against RNA targets in oncology and neurological diseases. Later rounds included a Series A - II for $8M on May 23, 2023, and additional seed and Series A financings in 2022.
Apr 2020SeedBoehringer Ingelheim Venture Fund (lead); Matrix Partners China (lead); Kaitai Capital; Legend Star$20MRgenta Therapeutics launched in April 2020 with a $20 million seed investment co-led by Boehringer Ingelheim Venture Fund and Matrix Partners China. The company focuses on developing small-molecule drugs that target RNA regulation and splicing to treat cancer and neurological diseases, with its scientific foundation based on work by cofounder Zhiping Weng from the University of Massachusetts Medical School. The proprietary platform mines massive genomics data to identify targetable RNA processing events and design small-molecule modulators to regulate interactions among the spliceosome, regulatory proteins, and RNAs. As an early-stage biotech startup at the time of this initial seed round, Rgenta had not yet generated commercial revenue. The company subsequently raised additional funding, including an $18 million seed extension in May 2021 led by Lilly Asia Venture and Vivo Capital, and a $52 million Series A in November 2022 led by AZ-CICC Healthcare Investment Fund, demonstrating sustained investor confidence in the RNA-targeting therapeutic approach.
Jan 2020Series A-$10M-

Who has invested in Rgenta Therapeutics?

12 investors have backed Rgenta Therapeutics across its funding rounds, including Kaitai Capital, Matrix Partners China, Lilly Asia Ventures, Legend Star, Vivo Capital and Boehringer Ingelheim Venture Fund.

Lead investors include Highlight Capital, AstraZeneca, CICC, Boehringer Ingelheim Venture Fund and Matrix Partners China.


Rgenta Therapeutics Investors

Investors in Rgenta Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Kaitai CapitalChinaHangzhou3ParticipantApr 2020
Matrix Partners ChinaChinaBeijing2LeadApr 2020
Boehringer Ingelheim Venture FundGermanyIngelheim am Rhein2LeadApr 2020
Vivo CapitalUnited StatesUnited States2ParticipantMay 2021
Lilly Asia VenturesChinaShanghai2ParticipantMay 2021
Legend StarChinaBeijing2ParticipantApr 2020
AstraZenecaUnited KingdomCambridge1LeadNov 2022
Delos CapitalUnited StatesNew York City, NY1ParticipantNov 2022
Highlight CapitalChinaNanjing1LeadMay 2023
Korean Investment PartnersSouth KoreaSeoul1ParticipantNov 2022

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Rgenta Therapeutics Competitors

Rgenta Therapeutics competitors include listed companies like SAP and Snowflake, and private ones like Astromech, Chai Discovery, Anthropic and OpenAI.

Public and private companies comparable to Rgenta Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AstromechUnited StatesUnited StatesPrivate--$3.8B-
Chai DiscoveryUnited StatesSan Francisco, CAPrivate$48M-$3.8B-
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x
SAPGermanyGermanyPublicly listed$42B$13B$248B5.4x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x

Rgenta Therapeutics Public Comps

Rgenta Therapeutics is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, CrowdStrike, SAP and Amgen.

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
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x

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Common questions about Rgenta Therapeutics

When was Rgenta Therapeutics founded?Rgenta Therapeutics was founded in 2018.
Where is Rgenta Therapeutics headquartered?Rgenta Therapeutics is headquartered in United States.
Is Rgenta Therapeutics publicly listed?No, Rgenta Therapeutics is a private, VC-backed company.
How much funding has Rgenta Therapeutics raised?Rgenta Therapeutics has raised $117M across 6 funding rounds.
What was Rgenta Therapeutics' last funding round?Rgenta Therapeutics' last funding round was a $8M Series A in May 2023, led by Highlight Capital.
Who are Rgenta Therapeutics' investors?Rgenta Therapeutics' investors include Kaitai Capital, Matrix Partners China, Boehringer Ingelheim Venture Fund, Vivo Capital, Lilly Asia Ventures, Legend Star, AstraZeneca, Delos Capital, Highlight Capital, Korean Investment Partners and 2 others.
Which companies are comparable to Rgenta Therapeutics?Companies comparable to Rgenta Therapeutics include Astromech, Chai Discovery, Anthropic, OpenAI, SAP and Snowflake.

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