- Companies
- Rodeo Therapeutics
Rodeo Therapeutics Acquisition, Valuation, Funding & Investors
Rodeo Therapeutics was acquired by Amgen for $721M in March 2021.
Cumulative funding Rodeo Therapeutics raised
$15M
across 2 funding rounds
Key investors in Rodeo Therapeutics
Alexandria Venture Investments
ARCH Venture Partners
Johnson & Johnson Innovation
Eli Lilly
AbbVie
Wuxi AppTec
Washington Research Foundation
Accelerator Life Science Partners
About Rodeo Therapeutics
Rodeo Therapeutics develops small-molecule drugs targeting enzyme pathways for tissue repair and immune modulation. Seattle-headquartered, the company advanced programs for inflammatory bowel disease and post-bone marrow transplant blood cell recovery. Roche acquired Rodeo Therapeutics in 2019 to expand its regenerative medicine pipeline.
Founded
2017
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Licensing
Valuation
$721M (acquired Mar 2021)
Sectors
Rodeo Therapeutics Acquisition
Rodeo Therapeutics was acquired by Amgen for $721M on 30 March 2021.
Before the acquisition Rodeo Therapeutics had raised $15M across 2 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 30 Mar 2021 | Strategic M&A | $721M |
Rodeo Therapeutics Funding History
Rodeo Therapeutics has raised a total of $15M across 2 funding rounds.
Rodeo Therapeutics' first fundraising round was a $6M Series A in July 2017. The most recent completed round was a $9M Series A in November 2018.
Rodeo Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2018 | Series A | Accelerator Life Science Partners | $9M | Rodeo Therapeutics, founded in July 2017 by Accelerator Life Science Partners, develops small-molecule therapies that promote tissue regeneration and repair by modulating prostaglandin biology, specifically targeting 15-prostaglandin dehydrogenase (15-PGDH) inhibitors. The company's lead program showed preclinical efficacy in protecting against colitis, idiopathic pulmonary fibrosis, and promoting liver regeneration and blood cell reconstitution after bone marrow transplant. Rodeo raised a $5.9 million Series A round in 2017 from investors including AbbVie Ventures, Alexandria Venture Investments, Arch Venture Partners, Eli Lilly, and Johnson & Johnson Innovation. Total funding reached $14.85 million over three rounds by 2021. In March 2021, Amgen acquired Rodeo for $55 million upfront plus up to $666 million in milestones. |
| Jul 2017 | Series A | Accelerator Corp. (lead); Wuxi AppTec; Alexandria Venture Investments; AbbVie; Eli Lilly; Watson Fund; Johnson & Johnson Innovation; ARCH Venture Partners; Washington Research Foundation | $6M | Rodeo Therapeutics, founded in July 2017 by Accelerator Life Science Partners, develops small-molecule therapies that promote regeneration and repair of multiple tissue types by modulating prostaglandin biology, specifically targeting 15-prostaglandin dehydrogenase (15-PGDH) inhibitors. The company's initial focus includes inflammatory bowel disease, protection against colitis, idiopathic pulmonary fibrosis, and liver regeneration, with lead candidate RTX-1688 nominated in August 2020 for inflammatory bowel disease after demonstrating efficacy in preclinical models. On July 25, 2017, Rodeo Therapeutics raised a $5.9 million Series A round led by Accelerator Corporation, with participation from AbbVie Ventures, Alexandria Venture Investments, ARCH Venture Partners, Eli Lilly and Company, Johnson & Johnson Innovation – JJDC, Inc., Watson Fund, L.P., WRF Capital, and WuXi AppTec. The financing supported advancement of the lead product candidate toward human trials. A subsequent Series B round occurred on December 10, 2018, contributing to total funding of $14.85 million over three rounds. In March 2021, Amgen acquired Rodeo Therapeutics for an upfront payment of $55 million plus potential milestone payments up to $666 million, totaling a potential $721 million, to integrate its 15-PGDH program into Amgen's inflammation portfolio. |
Who has invested in Rodeo Therapeutics?
10 investors have backed Rodeo Therapeutics across its funding rounds, including Alexandria Venture Investments, ARCH Venture Partners, Johnson & Johnson Innovation, Eli Lilly, AbbVie and Wuxi AppTec.
Lead investors include Accelerator Corp..
Rodeo Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jul 2017 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Lead | Jul 2017 | ||
| 1 | Participant | Nov 2018 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Participant | Jul 2017 | ||
This data is available for Pro users. Sign up to see all 10 Rodeo Therapeutics investors. Start Free Trial | ||||
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 TrialRodeo Therapeutics Competitors
Rodeo Therapeutics competitors include listed companies like Knight Therapeutics, Center Laboratories, Collegium Pharmaceutical and Tempo Scan Pacific, and private ones like Sonoma Biotherapeutics and ZSPepLib.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $323M | $39M | $720M | 1.8x | ||
| Publicly listed | $48M | ($9M) | $724M | - | ||
| Publicly listed | $781M | $390M | $728M | 2.1x | ||
| Publicly listed | $790M | $111M | $712M | - | ||
| Private | - | - | $732M | - | ||
| Private | - | - | $732M | - |
Rodeo Therapeutics Public Comps
Rodeo Therapeutics is no longer listed, but its public comps include Knight Therapeutics, Center Laboratories, Collegium Pharmaceutical, Tempo Scan Pacific, XOMA Royalty, MapLight Therapeutics, CHO Pharma, Zevra Therapeutics, Sanofi India and Ironwood Pharmaceuticals.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $323M | $39M | 2.0x | 1.8x | 17.0x | 11.3x | |||
| $48M | ($9M) | 15.4x | - | (82.6x) | - | |||
| $781M | $390M | 2.2x | 2.1x | 4.4x | 3.8x | |||
| $790M | $111M | 0.6x | - | 4.5x | - | |||
| $52M | $11M | 14.4x | 14.4x | 65.7x | 65.7x | |||
| - | ($166M) | - | - | (2.6x) | (2.1x) | |||
| $45K | ($9M) | 14338.3x | - | (68.6x) | - | |||
| $106M | $92M | 4.5x | 3.5x | 5.3x | 9.5x | |||
This data is available for Pro users. Sign up to see all Rodeo Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Rodeo Therapeutics
| When was Rodeo Therapeutics founded? | Rodeo Therapeutics was founded in 2017. |
| Where is Rodeo Therapeutics headquartered? | Rodeo Therapeutics is headquartered in Seattle, WA, United States. |
| Is Rodeo Therapeutics publicly listed? | No, Rodeo Therapeutics was acquired by Amgen in March 2021. |
| Who acquired Rodeo Therapeutics? | Rodeo Therapeutics was acquired by Amgen in March 2021. |
| How much was Rodeo Therapeutics acquired for? | Rodeo Therapeutics was acquired for $721M in March 2021. |
| How much funding has Rodeo Therapeutics raised? | Rodeo Therapeutics has raised $15M across 2 funding rounds. |
| What was Rodeo Therapeutics' last funding round? | Rodeo Therapeutics' last funding round was a $9M Series A in November 2018. |
| Who are Rodeo Therapeutics' investors? | Rodeo Therapeutics' investors include Wuxi AppTec, Alexandria Venture Investments, Accelerator Corp., Accelerator Life Science Partners, AbbVie, Eli Lilly, Watson Fund, Johnson & Johnson Innovation, ARCH Venture Partners and Washington Research Foundation. |
| Which companies are comparable to Rodeo Therapeutics? | Companies comparable to Rodeo Therapeutics include Knight Therapeutics, Center Laboratories, Collegium Pharmaceutical, Tempo Scan Pacific, Sonoma Biotherapeutics and ZSPepLib. |
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