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- Tenpoint Therapeutics
Tenpoint Therapeutics Funding, Investors & Competitors
Tenpoint Therapeutics has raised $155M across 2 funding rounds, most recently a $85M Series B in January 2026.
Last Tenpoint Therapeutics funding round
$85M
Series B · Jan 2026
Cumulative funding Tenpoint Therapeutics raised
$155M
across 2 funding rounds
Key investors in Tenpoint Therapeutics
F-Prime
Eight Roads Ventures
Sofinnova Partners
Qiming Venture Partners USA
EQT
Hillhouse Investment
Janus Henderson
British Business Bank
About Tenpoint Therapeutics
Tenpoint Therapeutics is a Cambridge, Massachusetts-based biotechnology company engineering stem cell-derived photoreceptors to treat inherited retinal diseases like retinitis pigmentosa. Its allogeneic cell therapy platform aims for subretinal delivery via outpatient procedures. Preclinical data demonstrate integration and light response in animal models. The firm advances toward IND filing with support from retinal specialists.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sectors
Tenpoint Therapeutics Funding History
Tenpoint Therapeutics has raised a total of $155M across 2 funding rounds.
Tenpoint Therapeutics' first fundraising round was a $70M Series A in July 2023. The most recent completed round was a $85M Series B in January 2026.
Tenpoint Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2026 | Series B | British Business Bank (lead); EQT (lead); Hillhouse Investment (lead); Janus Henderson (lead); Sofinnova Partners; Wille Finance; F-Prime; Qiming Venture Partners USA; Eight Roads Ventures; AdBio partners | $85M | Tenpoint Therapeutics, a London and Seattle-based biotechnology company, announced on January 28, 2026, that it had secured $235 million in funding comprising $85 million in Series B preferred stock financing and a $150 million non-dilutive senior secured term loan facility. The Series B was led by new investors Janus Henderson, EQT Nexus Fund, Hillhouse Investment Management, and British Business Bank, with participation from returning investors EQT Life Sciences, Sofinnova Partners, F-Prime Capital, Eight Roads Ventures Europe, Qiming Venture Partners USA, AdBio Partners, and Wille Finance AG. Hercules Capital provided the $150 million credit facility. The company is focused on the commercialization of YUVEZZI (carbachol and brimonidine tartrate ophthalmic solution), the first and only FDA-approved dual agent eye drop for presbyopia, an age-related loss of near vision affecting approximately 128 million people in the US and 2 billion people globally. The FDA approval for YUVEZZI was announced on the same day as the funding round, January 28, 2026, clearing the way for commercial launch in early Q2 2026. Tenpoint Therapeutics emerged in 2023 as a preclinical startup focused on cell therapies for vision disorders. In 2024, the company merged with Seattle-based Visus Therapeutics, which had already completed the first Phase 3 trial of the presbyopia eye drop (then called Brimochol) and was preparing for FDA submission. The combined entity retained the Tenpoint name and pivoted its primary focus to commercializing the eye drop while maintaining cell therapy research in preclinical stages. The capital raised will support the commercialization and launch of YUVEZZI. CEO Henric Bjarke stated that the financing reflected investor confidence in YUVEZZI as a differentiated treatment option for presbyopia patients. Prior to this Series B, Tenpoint had raised $70 million in Series A funding in 2023 from F-Prime Capital and Sofinnova Partners, among others, to develop its original cell therapy pipeline. |
| Jul 2023 | Series A | British Patient Capital (lead); F-Prime (lead); Sofinnova Partners (lead); UCL Technology Fund; Qiming Venture Partners USA; Eight Roads Ventures | $70M | Tenpoint Therapeutics emerged in 2023 with a $70 million funding round from investors including British Patient Capital, Eight Roads Ventures, F-Prime, Qiming Venture Partners USA, Sofinnova Partners, and UCL Technology Fund, focusing on a regenerative medicine platform for ophthalmology. The company, based in London, aimed to develop innovative therapies for eye conditions such as presbyopia, cataracts, and geographic atrophy. In December 2023, Tenpoint merged with Visus Therapeutics to strengthen its ophthalmology pipeline, adopting the Tenpoint name and leadership under CEO Henric Bjarke. The merger incorporated Visus' Brimochol PF, a once-daily presbyopia eye drop in phase 3 trials (BRIO-I and BRIO-II), positioning it as the lead candidate alongside Tenpoint's regenerative assets. This combined entity targeted near-term commercialization opportunities in presbyopia, affecting nearly 128 million in the U.S. and 2 billion globally. Subsequent developments included positive topline data from the BRIO-II phase 3 study in January 2025 and FDA approval for YUVEZZI (carbachol and brimonidine tartrate ophthalmic solution) in January 2026, the first dual-agent eye drop for presbyopia. A later $235 million Series B financing in 2026 ($85M equity led by Janus Henderson, EQT Nexus, Hillhouse, and British Business Bank, plus $150M from Hercules Capital) funded the Q2 2026 launch, with participation from existing investors like Sofinnova, F-Prime, and Eight Roads. |
Who has invested in Tenpoint Therapeutics?
12 investors have backed Tenpoint Therapeutics across its funding rounds, including F-Prime, Eight Roads Ventures, Sofinnova Partners, Qiming Venture Partners USA, EQT and Hillhouse Investment.
Lead investors include British Business Bank, EQT, Hillhouse Investment, Janus Henderson, British Patient Capital and 2 other investors.
Tenpoint Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jul 2023 | ||
| 2 | Lead | Jul 2023 | ||
| 2 | Participant | Jul 2023 | ||
| 2 | Participant | Jul 2023 | ||
| 1 | Lead | Jan 2026 | ||
| 1 | Lead | Jan 2026 | ||
| 1 | Lead | Jan 2026 | ||
| 1 | Lead | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Lead | Jul 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Tenpoint Therapeutics
Tenpoint Therapeutics has acquired 1 company to date.
Last acquisition by Tenpoint Therapeutics was on December 12th 2024. Tenpoint Therapeutics acquired Visus Therapeutics for undisclosed valuation.
Latest Acquisitions by Tenpoint Therapeutics
| Description | Visus Therapeutics is a Seattle-based clinical-stage biopharma firm advancing vision restoration therapies. Lead asset VIS001, a topical formulation, treats presbyopia via muscarinic receptor agonism in Phase II trials across US sites. Founded in 2021, Visus raised Series A funding to target dry eye and corneal diseases with sustained-release implants. |
| HQ Country | |
| HQ City | Seattle, WA |
| Deal Date | 12 Dec 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
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Tenpoint Therapeutics Competitors
Tenpoint Therapeutics competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $65B | $28B | $1.0T | 13.1x | ||
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $61B | $17B | $467B | 8.1x | ||
| Publicly listed | $65B | $28B | $363B | 6.2x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
Tenpoint Therapeutics Public Comps
Tenpoint Therapeutics is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65B | $28B | 16.5x | 13.1x | 38.7x | 27.0x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $61B | $17B | 8.7x | 8.1x | 30.6x | 17.6x | |||
| $65B | $28B | 6.3x | 6.2x | 14.7x | 21.0x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $57B | $22B | 5.5x | 5.5x | 14.2x | 13.3x | |||
| $59B | $19B | 4.8x | 4.5x | 14.6x | 12.7x | |||
| $37B | $17B | 6.8x | 6.5x | 14.8x | 14.4x | |||
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Common questions about Tenpoint Therapeutics
| When was Tenpoint Therapeutics founded? | Tenpoint Therapeutics was founded in 2020. |
| Where is Tenpoint Therapeutics headquartered? | Tenpoint Therapeutics is headquartered in Redruth, United Kingdom. |
| Is Tenpoint Therapeutics publicly listed? | No, Tenpoint Therapeutics is a private, VC-backed company. |
| How much funding has Tenpoint Therapeutics raised? | Tenpoint Therapeutics has raised $155M across 2 funding rounds. |
| What was Tenpoint Therapeutics' last funding round? | Tenpoint Therapeutics' last funding round was a $85M Series B in January 2026, led by British Business Bank, EQT, Hillhouse Investment and Janus Henderson. |
| Who are Tenpoint Therapeutics' investors? | Tenpoint Therapeutics' investors include Sofinnova Partners, F-Prime, Qiming Venture Partners USA, Eight Roads Ventures, EQT, British Business Bank, Janus Henderson, Hillhouse Investment, Wille Finance, British Patient Capital and 2 others. |
| Which companies are comparable to Tenpoint Therapeutics? | Companies comparable to Tenpoint Therapeutics include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics. |
| How many companies has Tenpoint Therapeutics acquired? | Tenpoint Therapeutics has acquired 1 company, including Visus Therapeutics. |
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