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- Verve Therapeutics
Verve Therapeutics Acquisition, Valuation, Funding & Investors
Verve Therapeutics was acquired by Eli Lilly for $1.3B in June 2025, a 21.7x multiple on $60M of revenue.
Verve Therapeutics revenue at acquisition
$60M
Last twelve months · Jun 2025
Verve Therapeutics revenue multiple at acquisition
21.7x
EV/Revenue · Jun 2025
Cumulative funding Verve Therapeutics raised
$216M
across 3 funding rounds
About Verve Therapeutics
Verve Therapeutics is a Cambridge-based biotechnology company focused on gene-editing therapies for cardiovascular diseases. It develops single-course treatments targeting genetic drivers like PCSK9 for heterozygous familial hypercholesterolemia with its lead candidate VERVE-101, which employs base editing technology. Founded in 2018, the firm advances programs such as VERVE-102 and VERVE-201 through clinical trials from its Massachusetts headquarters. Verve collaborates with Beam Therapeutics on lipid nanoparticle delivery and maintains a pipeline addressing high-risk patient populations across lipid disorders.
Founded
2018
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Licensing
Revenue
$60M (Jun 2025)
Valuation
$1.3B (acquired Jun 2025)
Sectors
Verve Therapeutics Acquisition
Verve Therapeutics was acquired by Eli Lilly for $1.3B on 17 June 2025.
The acquisition price implies a 21.7x revenue multiple on $60M of revenue.
Before the acquisition Verve Therapeutics had raised $216M across 3 funding rounds.
Verve Therapeutics, a Boston-based clinical-stage biotech company, develops in vivo gene-editing therapies using base editing to target cardiovascular disease by permanently disrupting genes like PCSK9 and ANGPTL3 in the liver to lower LDL-C cholesterol levels. Its lead candidate VERVE-102, employing an improved lipid nanoparticle delivery, demonstrated up to 69% LDL-C reduction in Phase 1 trials with a clean safety profile in April 2025, following a prior trial pause for a similar therapy. Verve also advances VERVE-301 in preclinical stages and other programs from prior opt-in rights. Eli Lilly and Company, a global pharmaceutical giant focused on diabetes, metabolic, and cardiovascular treatments, acquired Verve for $10.50 per share in cash plus a $3 contingent value right (CVR) payable if VERVE-102 doses a Phase 3 patient within 10 years of closing, valuing the deal at up to $1.3 billion. Announced June 17, 2025, and completed July 25, 2025, the tender offer saw support from CEO Sekar Kathiresan and 17.8% of shares. The strategic rationale builds on Lilly's prior 2023 investments in Verve's pipeline, including VERVE-301 development rights and Beam Therapeutics opt-ins for VERVE-102, aiming to shift cardiovascular care from chronic therapies to one-time treatments amid undervalued Verve shares post-2021 IPO. Lilly group VP Ruth Gimeno highlighted VERVE-102's potential as the first broad-population in vivo gene-editing therapy for lifelong risk reduction. The acquisition aligns with Lilly's 2025 M&A activity, including a $2.5 billion Scorpion Therapeutics deal, enhancing control over promising genetic medicines in a high-unmet-need market despite clinical and regulatory risks.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 17 Jun 2025 | Strategic M&A | $1.3B | 21.7x |
Verve Therapeutics Funding History
Verve Therapeutics has raised a total of $216M across 3 funding rounds.
Verve Therapeutics' first fundraising round was a $59M Series A in May 2019. The most recent completed round was a $94M Series B in January 2021.
Verve Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2021 | Series B | Casdin Capital (lead); Wellington Management (lead) | $94M | Verve Therapeutics, a biotechnology company spun out from the Broad Institute and University of Pennsylvania, develops gene-editing medicines to treat cardiovascular diseases by permanently lowering LDL cholesterol and triglyceride levels, with its lead candidate VERVE-101 targeting the PCSK9 gene for heterozygous familial hypercholesterolemia using adenine base editing delivered via lipid nanoparticles. The company raised a $94 million Series B round on January 19, 2021, co-led by Casdin Capital and Wellington Management, with participation from GV, Novo Holdings, Redmile Group, Janus Henderson Investors, Cormorant Asset Management, Rock Springs Capital, Logos Capital, Surveyor Capital, RA Capital Management, Biomatics Capital, and an undisclosed healthcare fund. Proceeds were allocated to advance the VERVE-101 pipeline, support a related candidate with $84 million, and fund general R&D with $65 million. Prior rounds included a $58.5 million Series A in 2019 led by GV with F-Prime Capital, Biomatics Capital, Arch Venture Partners, and Beam Therapeutics, followed by a $63 million Series A2 in June 2020 led by GV including Beam, F-Prime, Arch, Biomatics, Casdin, and Wellington. Verve went public later in 2021 with a $267 million IPO, upscaled above its range, potentially reaching $307 million with an overallotment option, where GV held 23.4% post-IPO (diluted from 34.6%), Biomatics 5.6%, Arch and Wellington 5.4% each, and Casdin 4.2%; underwriters were JP Morgan, Jefferies, Guggenheim Securities, and William Blair. |
| Jun 2020 | Series A | GV (lead); Wellington Management; Casdin Capital; Biomatics Capital Partners; F-Prime; Partners Innovation Fund; ARCH Venture Partners | $63M | Verve Therapeutics is a biotechnology company developing gene-editing therapies to treat cardiovascular disease by targeting genes in the liver, such as PCSK9, using base editing technology. Founded in 2018 as a spinout from the Broad Institute and University of Pennsylvania, it launched with a $58.5 million Series A round led by GV, including F-Prime Capital, Biomatics Capital, Arch Venture Partners, and Beam Therapeutics. On approximately June 11, 2020, GV led a $63 million Series A2 financing round with participation from ARCH Venture Partners, F-Prime Capital, Biomatics Capital Partners, Casdin Capital, and Wellington Management. Following the Series A2, Verve raised a $94 million Series B in January 2021 co-led by Wellington Management and Casdin Capital, with GV, Novo Holdings, Redmile Group, Janus Henderson, Cormorant, Rock Springs, Logos Capital, Surveyor Capital, RA Capital, and Biomatics. The company went public in 2021 with a $267 million IPO (potentially up to $307 million), where GV held a 23.4% stake post-IPO (diluted from 34.6%), Biomatics 5.6%, Arch Venture Partners and Wellington 5.4% each, and Casdin 4.2%. A later Series C raised $213 million at a $1 billion valuation, led by Foresite Capital with GV, F-Prime, ARCH, and Biomatics. Total funding reached about $215.5 million over multiple rounds by 2022, with a corporate minority from Vertex. Funds from early rounds supported advancing candidates like VERVE-101 for PCSK9 knockdown and general R&D. |
| May 2019 | Series A | GV (lead); Biomatics Capital Partners; F-Prime; ARCH Venture Partners | $59M | Verve Therapeutics launched in May 2019 with a $58.5 million Series A financing round led by GV (formerly Google Ventures), with participation from Arch Venture Partners, F-Prime Capital, and Biomatics Capital. The Cambridge, Massachusetts-based biotech company was founded to develop CRISPR and gene-editing therapies for cardiovascular disease, particularly coronary artery disease and familial hypercholesterolemia. The company's scientific founders include renowned cardiologist Sekar Kathiresan (CEO), Kiran Musunuru, and J. Keith Joung. The $58.5 million Series A funding was allocated to research and development, including licensing CRISPR-Cas9 and Cas12 technology from the Broad Institute and Harvard University. Verve established strategic partnerships with Beam Therapeutics for base editing and delivery technologies, and with Verily (Alphabet's life sciences subsidiary) to develop lipid nanoparticle delivery systems. The company's strategy focused initially on treating rare orphan disease populations with the highest unmet need before expanding to broader patient populations. |
Who has invested in Verve Therapeutics?
7 investors have backed Verve Therapeutics across its funding rounds, including GV, F-Prime, ARCH Venture Partners, Wellington Management, Casdin Capital and Biomatics Capital Partners.
Lead investors include Casdin Capital, Wellington Management and GV.
Verve Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jun 2020 | ||
| 2 | Lead | May 2019 | ||
| 2 | Lead | Jun 2020 | ||
| 2 | Participant | May 2019 | ||
| 2 | Participant | May 2019 | ||
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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 TrialVerve Therapeutics Competitors
Verve Therapeutics competitors include listed companies like Maze Therapeutics, Vor Biopharma, Aktis Oncology and GNI Group, and private ones like Brickell Biotech and Kallyope.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.3B | - | ||
| Publicly listed | - | ($140M) | $1.3B | 66.5x | ||
| Publicly listed | - | ($699M) | $1.3B | - | ||
| Publicly listed | $6M | ($72M) | $1.3B | 61.0x | ||
| Private | - | - | $1.3B | - | ||
| Publicly listed | $173M | ($15M) | $1.3B | 5.6x |
Verve Therapeutics Public Comps
Verve Therapeutics is no longer listed, but its public comps include Maze Therapeutics, Vor Biopharma, Aktis Oncology, GNI Group, HBM Holdings, ORIC Pharmaceuticals, Omeros, Celltrion Pharm, Immatics and MeiraGTx.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($140M) | - | 66.5x | (6.8x) | (5.6x) | |||
| - | ($699M) | - | - | (1.2x) | (3.6x) | |||
| $6M | ($72M) | 117.6x | 61.0x | (10.6x) | - | |||
| $173M | ($15M) | 7.6x | 5.6x | (87.9x) | 644.2x | |||
| $158M | $86M | 6.7x | 5.0x | 12.4x | 11.2x | |||
| - | ($128M) | - | - | (8.4x) | (6.4x) | |||
| - | ($7M) | - | 15.0x | (196.0x) | - | |||
| $390M | $55M | 3.3x | - | 23.3x | - | |||
This data is available for Pro users. Sign up to see all Verve Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Verve Therapeutics
| When was Verve Therapeutics founded? | Verve Therapeutics was founded in 2018. |
| Where is Verve Therapeutics headquartered? | Verve Therapeutics is headquartered in Boston, MA, United States. |
| Is Verve Therapeutics publicly listed? | No, Verve Therapeutics was acquired by Eli Lilly in June 2025. |
| Who acquired Verve Therapeutics? | Verve Therapeutics was acquired by Eli Lilly in June 2025. |
| How much was Verve Therapeutics acquired for? | Verve Therapeutics was acquired for $1.3B in June 2025, a 21.7x revenue multiple. |
| How much funding has Verve Therapeutics raised? | Verve Therapeutics has raised $216M across 3 funding rounds. |
| What was Verve Therapeutics' last funding round? | Verve Therapeutics' last funding round was a $94M Series B in January 2021, led by Casdin Capital and Wellington Management. |
| Who are Verve Therapeutics' investors? | Verve Therapeutics' investors include Wellington Management, GV, Casdin Capital, Biomatics Capital Partners, F-Prime, ARCH Venture Partners and Partners Innovation Fund. |
| Which companies are comparable to Verve Therapeutics? | Companies comparable to Verve Therapeutics include Brickell Biotech, Maze Therapeutics, Vor Biopharma, Aktis Oncology, Kallyope and GNI Group. |
See companies similar to Verve Therapeutics
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