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- SmartCella
SmartCella Valuation, Funding & Investors
SmartCella is valued at $575M as of July 2024.
Last SmartCella valuation
$575M
Undisclosed stage · Jul 2024
Last SmartCella funding round
$54M
Undisclosed stage · Jul 2024
Cumulative funding SmartCella raised
$92M
across 2 funding rounds
Key investors in SmartCella
AMF
AstraZeneca
SEB Group
Thomas von Koch
RoosGruppen
Handelsbanken Fonder
About SmartCella
SmartCella is a Milan-based biotechnology company advancing cell therapy delivery for cardiac regeneration. Its SmartCella device enables precise intracoronary injection of stem cells, drugs, and RNA therapeutics during procedures. Tested in preclinical models for heart failure and myocardial infarction, it partners with clinics in Italy and the EU. Founded in 2016, SmartCella focuses on interventional cardiology applications.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$575M (Jul 2024)
SmartCella Valuation
SmartCella is currently valued at $575M, based on its undisclosed-stage round in July 2024.
The $54M round included SEB Group, AstraZeneca, RoosGruppen, Handelsbanken Fonder, AMF and 1 other investor.
SmartCella valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2024 | Undisclosed stage | $575M |
SmartCella Funding History
SmartCella has raised a total of $92M across 2 funding rounds.
SmartCella's first fundraising round was a $38M undisclosed-stage round in September 2021. The most recent completed round was a $54M undisclosed-stage round in July 2024.
SmartCella funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2024 | Undisclosed stage | SEB Group; AstraZeneca; RoosGruppen; Handelsbanken Fonder; AMF; Fjarde AP-fonden | $54M | $575M | SmartCella is a global biotechnology company founded in 2014, specializing in targeted delivery platforms and advanced therapies, including the FDA-cleared Extroducer device for direct injection into hard-to-reach organs and tumors, combined with cell and mRNA therapies. The company operates in two segments: Targeted Delivery and Regenerative Medicines, with partnerships such as AstraZeneca for cardiac cell therapy advancing toward clinical stages. On July 8, 2024, SmartCella Holding AB announced a new share issue raising approximately EUR 50 million from existing investors like AMF, Fjarde AP-fonden, SEB, and new investors including AstraZeneca Pharma India, Handelsbanken Fonder, and RoosGruppen AB, at a pre-money valuation of approximately EUR 500 million. The funding supports accelerated growth, commercialization of the Extroducer, organizational expansion, infrastructure investments, and marketing efforts. Founders Christian Kinch and Thomas von Koch remain major shareholders via SWIB Holding AB. CEO Niklas Prager highlighted the unique positioning in cell and gene therapy, emphasizing the Extroducer's role in targeted delivery solutions for tumors and organs. The round reflects strong investor confidence in SmartCella's integrated business model blending science, sustainability, and impact. In 2024, SmartCella focused on commercialization progress, scientific advancements, and infrastructure strengthening, including GMP production of heart cells at its Tullinge facility, ERP system implementation, and enhanced governance. The 2024 Annual Report, published April 11, 2025, underscores scaling for growth while prioritizing patient needs and innovation from Karolinska Institutet research. |
| Sep 2021 | Undisclosed stage | Kenneth Chien; SEB Pension Fund; Thomas von Koch; AMF; AltoCumulus; Christian Kinch | $38M | - | SmartCella Holding AB is a Swedish biotechnology and medtech company founded by Kenneth Chien (co-founder of Moderna) and Christian Kinch, with headquarters in Stockholm. The company operates three primary business units: Procella Therapeutics, which develops RNA-based therapies in collaboration with AstraZeneca; Smartwise; and SvedMed Solutions. In September 2021, SmartCella raised SEK 328 million to advance core technologies and establish GMP manufacturing capabilities. The funding round included institutional and private investors such as AMF, SEB Pension Fund, AltoCumulus, and individual investors including Kenneth Chien and Thomas von Koch. According to the company's leadership, the financing was intended to support progression toward first-in-human studies and an anticipated IPO within 2-3 years. The company's therapeutic mission focuses on developing treatments for patients with limited existing options, leveraging proprietary methods for RNA-based therapies and delivery mechanisms developed from Swedish research. |
Who has invested in SmartCella?
11 investors have backed SmartCella across its funding rounds, including AMF, AstraZeneca, SEB Group, Thomas von Koch, RoosGruppen and Handelsbanken Fonder.
SmartCella Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Sep 2021 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
This data is available for Pro users. Sign up to see all 11 SmartCella 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 TrialSmartCella Competitors
SmartCella competitors include listed companies like Ocumension and Kamada, and private ones like Ring Therapeutics, Strand Therapeutics, Shoreline Biosciences and Expedition Therapeutics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $591M | - | ||
| Private | - | - | $550M | - | ||
| Publicly listed | $120M | ($3M) | $548M | - | ||
| Private | - | - | $528M | - | ||
| Private | - | - | $650M | - | ||
| Publicly listed | $180M | $37M | $501M | 2.3x |
SmartCella Public Comps
SmartCella is still privately-owned, but its public comps include Prime Medicine, OrthoPediatrics, Aquestive Therapeutics, Delcath Systems, Shattuck Labs, Clarity Pharmaceuticals, Agomab Therapeutics, Curiox Biosystems, Eupraxia Pharmaceuticals and Allogene Therapeutics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5M | ($198M) | 123.0x | 74.5x | (2.9x) | (3.2x) | |||
| $236M | ($12M) | 2.6x | 2.4x | (51.6x) | 28.2x | |||
| $45M | ($71M) | 12.2x | 11.3x | (7.7x) | (15.2x) | |||
| $85M | $939K | 5.5x | 4.7x | 501.0x | 28.4x | |||
| $1M | ($48M) | 380.5x | 1056.9x | (8.0x) | (6.3x) | |||
| $6M | ($75M) | 74.8x | 67.8x | (5.7x) | (5.5x) | |||
| - | ($74M) | - | 975.9x | (4.2x) | (3.8x) | |||
| $4M | ($17M) | 156.6x | - | (33.9x) | - | |||
This data is available for Pro users. Sign up to see all SmartCella competitors and their valuation data. Start Free Trial | ||||||||
Common questions about SmartCella
| When was SmartCella founded? | SmartCella was founded in 2014. |
| Where is SmartCella headquartered? | SmartCella is headquartered in Stockholm, Sweden. |
| Is SmartCella publicly listed? | No, SmartCella is a private, VC-backed company. |
| What is SmartCella's valuation? | SmartCella was last valued at $575M in its undisclosed-stage round in July 2024. |
| How much funding has SmartCella raised? | SmartCella has raised $92M across 2 funding rounds. |
| What was SmartCella's last funding round? | SmartCella's last funding round was a $54M undisclosed-stage round in July 2024. |
| Who are SmartCella's investors? | SmartCella's investors include AMF, SEB Group, Kenneth Chien, AstraZeneca, RoosGruppen, Handelsbanken Fonder, SEB Pension Fund, Thomas von Koch, AltoCumulus, Fjarde AP-fonden and 1 other. |
| Which companies are comparable to SmartCella? | Companies comparable to SmartCella include Ring Therapeutics, Strand Therapeutics, Ocumension, Shoreline Biosciences, Expedition Therapeutics and Kamada. |
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