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- Syncromune
Syncromune Valuation, Funding & Investors
Syncromune is valued at $254M as of December 2024.
Last Syncromune valuation
$254M
Series A · Dec 2024
Last Syncromune funding round
$112M
Series A · Dec 2024
Cumulative funding Syncromune raised
$122M
across 2 funding rounds
Key investors in Syncromune
Wasatch Equity Partners
About Syncromune
Syncromune is a clinical-stage biopharmaceutical company developing Syncrovax, an in situ vaccine platform for metastatic solid tumors. It synchronizes tumor antigen release with immune cell activation using patient-specific antigens for personalized immunotherapy. Based in the United States, the firm advances combination therapies in oncology trials targeting melanoma and pancreatic cancer. syncromune.com details preclinical data showing T-cell optimization where checkpoint inhibitors fail.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$254M (Dec 2024)
Sectors
Syncromune Valuation
Syncromune is currently valued at $254M, based on its Series A in December 2024.
The $112M round included Wasatch Equity Partners.
Syncromune valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2024 | Series A | $254M |
Syncromune Funding History
Syncromune has raised a total of $122M across 2 funding rounds.
Syncromune's first fundraising round was a $10M seed round in April 2021. The most recent completed round was a $112M Series A in December 2024.
Syncromune funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2024 | Series A | Wasatch Equity Partners | $112M | $254M | Syncromune is a Fort Lauderdale-based clinical-stage biopharmaceutical company developing intratumoral immunotherapy designed to treat metastatic solid tumor cancers, including metastatic castration-resistant prostate cancer (mCRPC), metastatic non-small cell lung cancer, and metastatic breast cancer. The company was founded in 2020 and is led by CEO Eamonn Hobbs, who previously led specialty pharma companies Antares and Delcath Systems. The company's approach involves a unique mechanism to freeze tumors and expose antigens, enabling T cells to attack cancer cells. In December 2024, Syncromune completed a Series A funding round raising $100 million, led by an undisclosed institutional investor with participation from existing backer Wasatch Equity Partners. The round also triggered the conversion of approximately $45 million in convertible bonds. The company had a pre-money valuation of $142 million at the time of the round. Syncromune intends to use the new funding to advance Phase 2a clinical trials for its lead drug candidate SV-102, with enrollment initiated at Lankenau Institute for Medical Research in the Philadelphia area. According to available data, the company has raised a total of $130 million (including the Series A), making this one of the largest funding rounds in South Florida for the year. As a clinical-stage biotech with no approved products, the company does not have publicly disclosed revenue or EBITDA metrics. |
| Apr 2021 | Seed | - | $10M | - | Syncromune is a clinical-stage biopharmaceutical company developing SYNC-T, an in situ personalized cancer immunotherapy platform to treat metastatic solid tumors including prostate, lung, and breast cancers. The company, founded in 2020 and based in Fort Lauderdale, Florida, raised approximately $100 million in a Series A round around early 2021, led by an undisclosed institutional investor with participation from Wasatch Equity Partners. This round triggered the conversion of about $45 million in convertible notes, bringing total funding to around $130 million at that time. Funds supported initiation of the Phase 2a LEGION-100 trial for lead candidate SV-102 in metastatic castration-resistant prostate cancer at sites like Lankenau Institute for Medical Research. |
Who has invested in Syncromune?
1 investor has backed Syncromune across its funding rounds, including Wasatch Equity Partners.
Syncromune Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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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 TrialSyncromune Competitors
Syncromune competitors include listed companies like Medipost, Camp4 Therapeutics, Tanvex BioPharma and Sutro Biopharma, and private ones like Goldfinch Biopharma and Lyndra Therapeutics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $54M | ($59M) | $255M | 4.7x | ||
| Publicly listed | $3M | ($81M) | $253M | 27.2x | ||
| Private | - | - | $252M | - | ||
| Publicly listed | $13M | ($35M) | $256M | 24.0x | ||
| Publicly listed | $102M | ($151M) | $256M | 1.6x | ||
| Private | - | - | $251M | - |
Syncromune Public Comps
Syncromune is still privately-owned, but its public comps include Medipost, Camp4 Therapeutics, Tanvex BioPharma, Sutro Biopharma, Dong-A ST, Akebia Therapeutics, Bicycle Therapeutics, Reig Jofré, AFT Pharmaceuticals and Foghorn Therapeutics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $54M | ($59M) | 4.3x | 4.7x | (3.9x) | (9.7x) | |||
| $3M | ($81M) | 48.3x | 27.2x | (2.1x) | (2.0x) | |||
| $13M | ($35M) | 24.1x | 24.0x | (8.5x) | - | |||
| $102M | ($151M) | 1.0x | 1.6x | (0.7x) | - | |||
| $589M | $6M | 0.8x | 0.8x | 84.0x | 10.1x | |||
| $236M | $22M | 0.6x | 0.7x | 6.9x | - | |||
| $73M | ($241M) | - | - | - | - | |||
| $381M | $32M | 1.0x | 0.9x | 11.8x | 9.3x | |||
This data is available for Pro users. Sign up to see all Syncromune competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Syncromune
| When was Syncromune founded? | Syncromune was founded in 2020. |
| Where is Syncromune headquartered? | Syncromune is headquartered in Fort Lauderdale, FL, United States. |
| Is Syncromune publicly listed? | No, Syncromune is a private, VC-backed company. |
| What is Syncromune's valuation? | Syncromune was last valued at $254M in its Series A in December 2024. |
| How much funding has Syncromune raised? | Syncromune has raised $122M across 2 funding rounds. |
| What was Syncromune's last funding round? | Syncromune's last funding round was a $112M Series A in December 2024. |
| Who are Syncromune's investors? | Syncromune's investors include Wasatch Equity Partners. |
| Which companies are comparable to Syncromune? | Companies comparable to Syncromune include Medipost, Camp4 Therapeutics, Goldfinch Biopharma, Tanvex BioPharma, Sutro Biopharma and Lyndra Therapeutics. |
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