Venatorx Pharmaceuticals Funding, Investors & Competitors

Venatorx Pharmaceuticals has raised $104M across 4 funding rounds, most recently a $25M undisclosed-stage round in September 2022.

Last Venatorx Pharmaceuticals funding round

$25M

Undisclosed stage · Sep 2022

Cumulative funding Venatorx Pharmaceuticals raised

$104M

across 4 funding rounds

Key investors in Venatorx Pharmaceuticals

  • Abingworth
  • BioAdvance
  • Versant Ventures
  • Foresite Capital
  • AMR Action Fund

Venatorx Pharmaceuticals Overview

About Venatorx Pharmaceuticals

Venatorx Pharmaceuticals is a Malvern, Pennsylvania-headquartered biopharma company developing antibiotics for multi-drug resistant infections. Its pipeline includes venetoclax combinations and novel beta-lactamase inhibitors targeting Gram-negative bacteria. Founded in 2010, the firm collaborates with BARDA on programs for pneumonia and urinary tract infections.


Founded

2010

HQ

United StatesPhiladelphia, PA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Venatorx Pharmaceuticals Funding History

Venatorx Pharmaceuticals has raised a total of $104M across 4 funding rounds.

Venatorx Pharmaceuticals' first fundraising round was a $3M Series A in November 2013. The most recent completed round was a $25M undisclosed-stage round in September 2022.

Venatorx Pharmaceuticals funding rounds

Venatorx Pharmaceuticals funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2022Undisclosed stage-$25MVenatorx Pharmaceuticals is a clinical-stage biopharmaceutical company developing antibacterial and antiviral drugs to treat multi-drug resistant (MDR) bacterial infections, particularly in hospital settings. Its pipeline targets pathogens causing serious infections like urinary tract infections, with products aimed at healthcare providers and pharmaceutical partners in North America and Europe. Venatorx focuses on addressing antibiotic resistance through proprietary beta-lactamase inhibitors combined with standard antibiotics. The company has raised over $120 million across multiple rounds, including Series C funding involving investors like Abingworth, Versant Ventures, and Foresite Capital. Subsequent funding includes $15 million convertible debt in February 2023 and $35 million in July 2023. The company secured significant non-dilutive contracts, including $87 million in 2019 and up to $318 million in 2022 from government entities like the U.S. Department of Defense and CARB-X for development milestones. These grants support advancement of drug candidates toward FDA approval, with a potential flagship UTI antibiotic under review as of 2024.
Apr 2022Series CAMR Action Fund (lead); Abingworth$34MVenatorx Pharmaceuticals is a clinical-stage biopharmaceutical company developing antibacterial and antiviral drugs to treat multi-drug-resistant (MDR) bacterial infections, with lead candidate cefepime-taniborbactam advancing in Phase III trials for complicated urinary tract infections (cUTI) and showing superiority to meropenem, alongside ceftibuten in development. On April 4, 2022, the company raised $34 million in a Series C venture funding round led by the AMR Action Fund, with participation from Abingworth Management and other undisclosed investors. The deal marked the AMR Action Fund's first investments, part of its mission backed by over twenty pharmaceutical companies, IFPMA, WHO, European Investment Bank, and Wellcome Trust to fund novel antibiotics targeting WHO and CDC priority pathogens, aiming to bring 2-4 new treatments to market by 2030. The pre-money valuation was reported at $35.7 million. Venatorx has received prior support from CARB-X, BARDA, NIAID, DTRA, Foresite Capital, Verstant Ventures, BioAdvance, and Wellcome Trust, partnering with GARDP on cefepime-taniborbactam to address access in low- and middle-income countries through robust stewardship and supply plans.
Jul 2017Series BVersant Ventures (lead); Foresite Capital; Abingworth; BioAdvance$42MVenatoRx Pharmaceuticals is a biopharmaceutical company developing next-generation antibiotics to address multi-drug resistant (MDR) gram-negative infections. The company is based in Malvern, Pennsylvania and was founded by Christopher J. Burns, formerly of Novartis' Protez division, which was acquired by Novartis in 2008 for up to $400 million. On July 25, 2017, VenatoRx raised $42 million in a Series B financing round led by Versant Ventures and joined by Abingworth and Foresite Capital. The company had previously advanced multiple compounds into development supported by Series A financing and funding from the U.S. National Institutes of Health (NIH) and the Wellcome Trust in London. The Series B proceeds were to be used to accelerate and expand the company's portfolio of novel investigative therapies, with lead product candidate VNRX-5133 targeting multi-drug resistant gram-negative infections. The financing reflected investor confidence in addressing the growing global threat of MDR bacteria and the urgent unmet medical need for novel antibiotic compounds. By 2023, VenatoRx had raised $120.62 million total across 9 funding rounds, with investors including Abingworth, Versant Ventures, AMR Action Fund, CARB-X, and the U.S. Department of Defense.
Nov 2013Series ABioAdvance$3MVenatoRx Pharmaceuticals completed a Series A financing round of approximately $3.5 million from private investors, including BioAdvance, on November 22, 2013, to complement other funding sources such as NIH grants. The company, founded in 2010 and based in Malvern, Pennsylvania, focuses on discovering and developing novel anti-infective agents to address multi-drug resistant bacterial infections.

Who has invested in Venatorx Pharmaceuticals?

5 investors have backed Venatorx Pharmaceuticals across its funding rounds, including Abingworth, BioAdvance, Versant Ventures, Foresite Capital and AMR Action Fund.

Lead investors include AMR Action Fund and Versant Ventures.


Venatorx Pharmaceuticals Investors

Investors in Venatorx Pharmaceuticals by funding rounds participated
InvestorHQRoundsRoleFirst check
AbingworthUnited KingdomLondon2ParticipantJul 2017
BioAdvanceUnited StatesPhiladelphia, PA2ParticipantNov 2013
Versant VenturesUnited StatesSan Francisco, CA1LeadJul 2017

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Venatorx Pharmaceuticals Competitors

Venatorx Pharmaceuticals competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.

Public and private companies comparable to Venatorx Pharmaceuticals
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$467B8.1x
MerckUnited StatesUnited StatesPublicly listed$65B$28B$363B6.2x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x

Venatorx Pharmaceuticals Public Comps

Venatorx Pharmaceuticals 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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Common questions about Venatorx Pharmaceuticals

When was Venatorx Pharmaceuticals founded?Venatorx Pharmaceuticals was founded in 2010.
Where is Venatorx Pharmaceuticals headquartered?Venatorx Pharmaceuticals is headquartered in Philadelphia, PA, United States.
Is Venatorx Pharmaceuticals publicly listed?No, Venatorx Pharmaceuticals is a private, VC-backed company.
How much funding has Venatorx Pharmaceuticals raised?Venatorx Pharmaceuticals has raised $104M across 4 funding rounds.
What was Venatorx Pharmaceuticals' last funding round?Venatorx Pharmaceuticals' last funding round was a $25M undisclosed-stage round in September 2022.
Who are Venatorx Pharmaceuticals' investors?Venatorx Pharmaceuticals' investors include Abingworth, BioAdvance, Versant Ventures, Foresite Capital and AMR Action Fund.
Which companies are comparable to Venatorx Pharmaceuticals?Companies comparable to Venatorx Pharmaceuticals include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics.

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