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- Vividion Therapeutics
Vividion Therapeutics Acquisition, Valuation, Funding & Investors
Vividion Therapeutics was acquired by Bayer Perú for $2B in August 2021.
Vividion Therapeutics acquisition price
$2B
Acquired by Bayer Perú · Aug 2021
Cumulative funding Vividion Therapeutics raised
$372M
across 5 funding rounds
Key investors in Vividion Therapeutics
Cardinal Partners
ARCH Venture Partners
Versant Ventures
Celgene
Alexandria Venture Investments
Mubadala
Casdin Capital
Biotechnology Value Fund
About Vividion Therapeutics
Vividion Therapeutics is a San Diego-based biotechnology firm developing small-molecule drugs via its proteome-wide discovery platform. Spun out from Scripps Research Institute in 2014, the company targets undruggable proteins for oncology and inflammatory diseases. Vividion advances covalent inhibitors through clinical trials with partnerships in the pharmaceutical sector.
Founded
2013
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$600M (Feb 2021)
Vividion Therapeutics Acquisition
Vividion Therapeutics was acquired by Bayer Perú for $2B on 5 August 2021.
Before the acquisition Vividion Therapeutics had raised $372M across 5 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 5 Aug 2021 | Strategic M&A | $2B |
Vividion Therapeutics Valuation
Vividion Therapeutics is currently valued at $600M, based on its Series C in February 2021.
The $135M round was led by Boxer Capital and Logos Capital.
Vividion Therapeutics' valuation has grown 55x from $11M at its Series A in April 2016 to $600M in February 2021, across 2 priced rounds.
Vividion Therapeutics valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2021 | Series C | $600M |
| Apr 2016 | Series A | $11M |
Vividion Therapeutics Funding History
Vividion Therapeutics has raised a total of $372M across 5 funding rounds.
Vividion Therapeutics' first fundraising round was a $4M Series A in April 2016. The most recent completed round was a $135M Series C in February 2021.
Vividion Therapeutics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2021 | Series C | Boxer Capital (lead); Logos Capital (lead) | $135M | $600M | Vividion Therapeutics is a San Diego-based biotechnology company founded in 2017 as a spinout from Scripps Research, specializing in novel discovery technologies to develop precision small molecule therapeutics targeting traditionally undruggable proteins for oncology and immunology indications. The company's platform analyzes the proteome to identify reactive cysteines on proteins, enabling programs like KEAP1-NRF2 axis antagonists for NRF2-driven cancers and agonists for inflammatory diseases, plus partnerships with Bristol Myers Squibb on a transcription factor program and Roche for targeted protein degradation. On February 24, 2021, Vividion closed a $135 million Series C financing round co-led by Boxer Capital of Tavistock Group and Logos Capital, with participation from new investors including SoftBank Investment Advisers, Avoro Capital Advisors, BlackRock, RA Capital Management, T. Rowe Price Associates, Surveyor Capital, Woodline Partners, Acuta Capital, and Driehaus Capital Management, alongside existing backers ARCH Venture Partners, BVF Partners, Casdin Capital, Mubadala Capital, Nextech Invest, and Versant Ventures. The post-money valuation for this Series C was $600.09 million. Funds were intended to advance the pipeline, expand the chemical scaffold library, and support platform development. Post-round, Vividion filed for an IPO in July 2021 raising $100 million but was acquired by Bayer AG in August 2021. Prior funding included a $50 million Series A in 2017, building to total funding of approximately $270 million across rounds. |
| Apr 2019 | Series B | Nextech Invest (lead); Trinitas Capital; Mirae Asset; Alexandria Venture Investments; Casdin Capital; Versant Ventures; Biotechnology Value Fund; Mubadala; Celgene; Altitude Life Science Ventures; Cardinal Partners; ARCH Venture Partners | $82M | - | Vividion Therapeutics, a San Diego-based biotechnology company spun out from Scripps Research, develops small molecule therapeutics targeting previously intractable proteins, particularly in oncology and immunology, using a proprietary chemical proteomics platform to identify hidden binding pockets on challenging targets like adaptor proteins, transcription factors, and E3 ligases. The company announced an oversubscribed $82 million Series B financing on April 30, 2019, led by Nextech Invest, with participation from new investors BVF Partners, Casdin Capital, Mubadala Ventures, Trinitas Capital, Mirae Asset Capital, Altitude Life Science Ventures, and Alexandria Venture Investments, alongside existing investors ARCH Venture Partners, Versant Ventures, Cardinal Partners, and Celgene. This round brought the company's cash position to over $165 million, providing substantial runway to advance three lead programs into clinical stages and expand its early-stage pipeline. The financing supports Vividion's efforts to push its lead assets through proof-of-concept in the clinic while broadening discovery efforts against high-value, historically undruggable targets. Nextech Invest's Jakob Loven, Ph.D., joined the board following the investment. The company had previously raised $50 million in a 2017 Series A co-led by ARCH and Versant, and $101 million from Celgene in 2018 as part of a four-year strategic collaboration focused on oncology, inflammatory, and neurodegenerative diseases. Vividion positions its platform as enabling a renaissance in small molecule drug discovery, addressing the limitation that small molecules traditionally target only about 5% of the human proteome. At the time of the Series B, the company reported three lead programs and ongoing partnership work with Celgene, set for acquisition by Bristol-Myers Squibb. |
| Mar 2018 | Strategic investment | Celgene (lead) | $101M | - | Vividion Therapeutics, spun out from the Scripps Research Institute in 2013, is a biotech company developing a proprietary proteome-wide ligand and target discovery platform that uses chemical proteomics to identify drug candidates against difficult-to-drug protein targets. The platform enables assessment of drug candidates in native biological systems rather than artificial environments, expanding the scope of traditional drug discovery for oncology, inflammatory, and neurodegenerative diseases. In March 2018, Vividion announced a strategic collaboration with pharmaceutical giant Celgene under which Celgene paid $101 million upfront, including an equity investment of undisclosed size. The four-year initial collaboration period could be extended by Celgene for an additional two years at an extra cost, with Vividion leading initial discovery and Celgene having the option to opt into programs once investigational new drug status was achieved. Under the deal terms, Vividion could receive up to double-digit royalties on sales and milestone payments for certain programs, while other programs would involve equal sharing of U.S. or international development costs and commercialization profits and losses. Prior to the Celgene deal, Vividion had raised $45 million in Series A funding in February 2017 from ARCH Venture Partners, Versant Ventures, and Cardinal Partners, along with an earlier $3.5 million seed round in 2016. The company later raised $82 million in Series B funding in April 2019 and $135 million in Series C in February 2021, ultimately proceeding toward a public offering. |
| Feb 2017 | Series A | ARCH Venture Partners (lead); Versant Ventures (lead); Cardinal Partners | $50M | - | Vividion Therapeutics, a San Diego-based biotechnology company spun out from The Scripps Research Institute, launched publicly in February 2017 with a $50 million Series A financing round co-led by ARCH Venture Partners and Versant Ventures, joined by founding investor Cardinal Partners. The company, founded in 2014 with seed funding from Cardinal Partners, had operated in stealth mode prior to the launch. Its novel drug discovery platform leverages chemical proteomics for proteome-wide ligand and target discovery, expanding the druggable proteome to address previously undruggable targets in areas such as oncology, immunology, and rare genetic disorders. The platform integrates expertise from scientific founders Benjamin Cravatt, Phil Baran, and Jin-Quan Yu, combining Cravatt's proteomics technology with Baran and Yu's advanced synthetic chemistry methods to access new chemical space and accelerate development of innovative therapeutics for serious illnesses. In conjunction with the financing, Tom Daniel, former president of global research and early development at Celgene, joined as executive chairman to guide the company's push toward clinical candidates. Investors highlighted the platform's potential to transform drug discovery by probing living systems in three dimensions and enabling rapid production of novel molecules, justifying the substantial Series A investment for an early-stage platform company. |
| Apr 2016 | Series A | Cardinal Partners (lead) | $4M | $11M | Vividion Therapeutics is a biotechnology company that emerged from The Scripps Research Institute in 2014, commercializing a proprietary platform developed by professors Benjamin Cravatt, Phil Baran, and Jin-Quan Yu. The platform enables the discovery of small molecule therapeutics against previously undruggable protein targets through proteome-wide drug interaction mapping, with initial therapeutic focus on oncology and immunology. In its Series A financing round (March 2016), Vividion raised $4.53 million from Cardinal Partners at a post-money valuation of $11.32 million. The founding team included Cardinal Partners managing general partner John K. Clarke alongside the three Scripps researchers whose technology foundation the company was built to commercialize. By April 2019, Vividion had completed a Series B financing of $82 million led by Nextech Invest, demonstrating substantial investor confidence in the platform's therapeutic potential and the company's progress in target identification and drug development. |
Who has invested in Vividion Therapeutics?
14 investors have backed Vividion Therapeutics across its funding rounds, including Cardinal Partners, ARCH Venture Partners, Versant Ventures, Celgene, Alexandria Venture Investments and Mubadala.
Lead investors include Boxer Capital, Logos Capital, Nextech Invest, Celgene, ARCH Venture Partners and 2 other investors.
Vividion Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Apr 2016 | ||
| 2 | Lead | Feb 2017 | ||
| 2 | Lead | Mar 2018 | ||
| 2 | Lead | Feb 2017 | ||
| 1 | Lead | Feb 2021 | ||
| 1 | Participant | Apr 2019 | ||
| 1 | Participant | Apr 2019 | ||
| 1 | Lead | Apr 2019 | ||
| 1 | Participant | Apr 2019 | ||
| 1 | Participant | Apr 2019 | ||
| 1 | Participant | Apr 2019 | ||
| 1 | Lead | Feb 2021 | ||
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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 TrialAcquisitions by Vividion Therapeutics
Vividion Therapeutics has acquired 1 company to date.
Last acquisition by Vividion Therapeutics was on January 8th 2025. Vividion Therapeutics acquired Tavros Therapeutics for undisclosed valuation.
Latest Acquisitions by Vividion Therapeutics
| Description | Tavros Therapeutics is a Durham, North Carolina-headquartered biotechnology company focused on small-molecule therapies for solid tumors. Founded in 2019, the firm targets undruggable cancer pathways like KRAS mutations using structure-based design. Tavros Therapeutics advances clinical candidates through Phase I trials and collaborates with academic centers for precision oncology. |
| HQ Country | |
| HQ City | Durham, NC |
| Deal Date | 8 Jan 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Vividion Therapeutics acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Vividion Therapeutics
Vividion Therapeutics has invested in 1 company to date.
Latest investment by Vividion Therapeutics was on October 12th 2022. Vividion Therapeutics invested in Tavros Therapeutics in their $18M Strategic investment round.
Latest Investments by Vividion Therapeutics
| Description | Tavros Therapeutics is a Durham, North Carolina-headquartered biotechnology company focused on small-molecule therapies for solid tumors. Founded in 2019, the firm targets undruggable cancer pathways like KRAS mutations using structure-based design. Tavros Therapeutics advances clinical candidates through Phase I trials and collaborates with academic centers for precision oncology. |
| HQ Country | |
| HQ City | Durham, NC |
| Deal Date | 12 Oct 2022 |
| Round | Strategic investment |
| Raised | $18M |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Vividion Therapeutics investments and their VC round multiples. Start Free Trial | |
Vividion Therapeutics Competitors
Vividion Therapeutics competitors include listed companies like Brightgene Bio-medical, Bora Pharmaceuticals and Granules India, and private ones like BioRay Pharmaceuticals, Belief BioMed and Letu.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $131M | - | $1.9B | 14.5x | ||
| Publicly listed | $182M | $34M | $2.2B | 14.0x | ||
| Publicly listed | $597M | $215M | $1.7B | 3.2x | ||
| Publicly listed | $557M | $119M | $2.5B | 4.2x | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.1B | - |
Vividion Therapeutics Public Comps
Vividion Therapeutics is no longer listed, but its public comps include Agios Pharmaceuticals, ADMA Biologics, Rapport Therapeutics, Anhui Anke Biotechnology, Guobang Pharma, Kalbe Farma, Zymeworks, GH Research, Jiuzhou Pharmaceutical and Sino Biological.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $54M | ($465M) | 26.3x | 9.7x | (3.1x) | (3.5x) | |||
| $510M | $196M | 4.1x | 3.9x | 10.6x | 7.8x | |||
| - | ($124M) | - | 110.7x | (12.8x) | (8.7x) | |||
| $395M | $142M | 4.7x | 4.6x | 12.9x | 13.9x | |||
| $896M | $214M | 2.0x | 1.9x | 8.4x | 8.3x | |||
| $2B | $305M | 0.9x | 0.8x | 6.0x | 6.0x | |||
| $106M | ($82M) | 16.1x | 6.8x | (20.9x) | 43.1x | |||
| - | ($53M) | - | - | (30.3x) | (21.8x) | |||
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Common questions about Vividion Therapeutics
| When was Vividion Therapeutics founded? | Vividion Therapeutics was founded in 2013. |
| Where is Vividion Therapeutics headquartered? | Vividion Therapeutics is headquartered in San Diego, CA, United States. |
| Is Vividion Therapeutics publicly listed? | No, Vividion Therapeutics was acquired by Bayer Perú in August 2021. |
| Who acquired Vividion Therapeutics? | Vividion Therapeutics was acquired by Bayer Perú in August 2021. |
| How much was Vividion Therapeutics acquired for? | Vividion Therapeutics was acquired for $2B in August 2021. |
| What is Vividion Therapeutics' valuation? | Vividion Therapeutics was last valued at $600M in its Series C in February 2021. |
| How much funding has Vividion Therapeutics raised? | Vividion Therapeutics has raised $372M across 5 funding rounds. |
| What was Vividion Therapeutics' last funding round? | Vividion Therapeutics' last funding round was a $135M Series C in February 2021, led by Boxer Capital and Logos Capital. |
| Who are Vividion Therapeutics' investors? | Vividion Therapeutics' investors include Cardinal Partners, Versant Ventures, Celgene, ARCH Venture Partners, Boxer Capital, Trinitas Capital, Mirae Asset, Nextech Invest, Alexandria Venture Investments, Casdin Capital and 4 others. |
| Which companies are comparable to Vividion Therapeutics? | Companies comparable to Vividion Therapeutics include BioRay Pharmaceuticals, Brightgene Bio-medical, Bora Pharmaceuticals, Granules India, Belief BioMed and Letu. |
| How many companies has Vividion Therapeutics acquired? | Vividion Therapeutics has acquired 1 company, including Tavros Therapeutics. |
| How many companies has Vividion Therapeutics invested in? | Vividion Therapeutics has invested in 1 company, including Tavros Therapeutics. |
| What was Vividion Therapeutics' last investment? | In October 2022, Vividion Therapeutics invested in Tavros Therapeutics' $18M strategic investment round. |
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