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

Syncromune Overview

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

United StatesFort Lauderdale, FL

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$254M (Dec 2024)

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

Syncromune valuation by funding round
DateStageValuation
Dec 2024Series 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

Syncromune funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2024Series AWasatch Equity Partners$112M$254MSyncromune 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 2021Seed-$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

Investors in Syncromune by funding rounds participated
InvestorHQRoundsRoleFirst check

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Syncromune Competitors

Syncromune competitors include listed companies like Medipost, Camp4 Therapeutics, Tanvex BioPharma and Sutro Biopharma, and private ones like Goldfinch Biopharma and Lyndra Therapeutics.

Public and private companies comparable to Syncromune
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MedipostSouth KoreaSouth KoreaPublicly listed$54M($59M)$255M4.7x
Camp4 TherapeuticsUnited StatesUnited StatesPublicly listed$3M($81M)$253M27.2x
Goldfinch BiopharmaUnited StatesUnited StatesPrivate--$252M-
Tanvex BioPharmaUnited StatesUnited StatesPublicly listed$13M($35M)$256M24.0x
Sutro BiopharmaUnited StatesUnited StatesPublicly listed$102M($151M)$256M1.6x
Lyndra TherapeuticsUnited StatesBoston, MAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Medipost$54M($59M)4.3x4.7x(3.9x)(9.7x)
Camp4 Therapeutics$3M($81M)48.3x27.2x(2.1x)(2.0x)
Tanvex BioPharma$13M($35M)24.1x24.0x(8.5x)-
Sutro Biopharma$102M($151M)1.0x1.6x(0.7x)-
Dong-A ST$589M$6M0.8x0.8x84.0x10.1x
Akebia Therapeutics$236M$22M0.6x0.7x6.9x-
Bicycle Therapeutics$73M($241M)----
Reig Jofré$381M$32M1.0x0.9x11.8x9.3x

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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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