50 Best Therapeutics Startups to Watch in [2023]

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50 Best Therapeutics Startups to Watch in [2023]

Have you ever wondered who is on the list of Therapeutics Companies with the highest growth rates?

You’re not alone.

There are hundreds of Therapeutics Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 50 fast-growing Therapeutics Startups that have top-tier venture capital funding.

What are Therapeutics Startups?

Therapeutics startups are companies that develop treatments and therapies for diseases and illnesses. These startups are typically focused on researching, developing, and commercializing new treatments and therapies that may have the potential to improve the health and quality of life of patients. 

Therapeutics startups may focus on developing treatments for existing conditions or on discovering new treatments for conditions that have yet to be identified.

Top 50 Fastest-Growing Startups In Therapeutics

1) Talkspace

Talkspace is an online therapy platform that connects you with a network of professional therapists for discreet counseling.

Details of the startup:

  • Country: United States
  • City: New York
  • Started in: 2012
  • Founders: Oren Frank, Roni Frank
  • Number of employees: 501-1000
  • Funding amount: $113,700,000
  • Number of funding rounds: 12
  • Number of investors: 15

You can find their website here.

2) Akili Interactive Labs

Akili creates video-game-like cognitive therapies, tests, and diagnostics that are clinically validated.

Details of the startup:

  • Country: United States
  • City: Boston
  • Started in: 2011
  • Founders: Adam Gazzaley, Eddie Martucci
  • Number of employees: 101-250
  • Funding amount: $300,900,000
  • Number of funding rounds: 7
  • Number of investors: 22

You can find their website here.

3) Pear Therapeutics

Pear Therapeutics is a software-based digital therapeutics platform that aims to improve the efficacy of drugs and treat disease.

Details of the startup:

  • Country: United States
  • City: Boston
  • Started in: 2013
  • Founders: Corey McCann, Stephen Smith, William Greene
  • Number of employees: 101-250
  • Funding amount: $284,000,000
  • Number of funding rounds: 7
  • Number of investors: 17

You can find their website here.

4) Modern Health

Modern Health is a mental health platform for forward-thinking businesses that combines therapy, coaching, and self-guided courses into one app.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2017
  • Founders: Alyson Watson, Erica Johnson
  • Number of employees: 101-250
  • Funding amount: $167,400,000
  • Number of funding rounds: 6
  • Number of investors: 20

You can find their website here.

5) Enveda Biosciences

Enveda Biosciences is a biotechnology business that develops innovative plant-based therapeutics.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2019
  • Founders: Viswa Colluru
  • Number of employees: 11-50
  • Funding amount: $55,900,000
  • Number of funding rounds: 2
  • Number of investors: 10

You can find their website here.

6) Hinge Health

Hinge Health is a digital clinic that focuses on treating chronic musculoskeletal disorders like back and joint pain.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2015
  • Founders: Daniel Perez, Gabriel Mecklenburg
  • Number of employees: 251-500
  • Funding amount: $426,132,500
  • Number of funding rounds: 7
  • Number of investors: 12

You can find their website here.

7) Vida Health

Vida Health is a virtual care platform that connects people with professional health care experts and medical institutions to give health coaching.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2014
  • Founders: Connie Chen, Jono Chang, Stephanie Tilenius
  • Number of employees: 501-1000
  • Funding amount: $188,000,000
  • Number of funding rounds: 5
  • Number of investors: 21

You can find their website here.

8) Strand Therapeutics

Strand Therapeutics is a biotechnology company that is developing a synthetic biology-based gene therapy platform.

Details of the startup:

  • Country: United States
  • City: Cambridge-US
  • Started in: 2017
  • Founders: Darrell Irvine, Jacob Becraft, Jake Becraft, Ron Weiss, Tasuku Kitada
  • Number of employees: 1-10
  • Funding amount: $58,000,000
  • Number of funding rounds: 3
  • Number of investors: 8

You can find their website here.

9) HiFiBiO

HiFiBiO develops and commercializes unique single cell technologies for medication and biomarker discovery and development.

Details of the startup:

  • Country: France
  • City: Paris
  • Started in: 2013
  • Founders: Jeff He, Liang Schweizer, Robert Nicol
  • Number of employees: 101-250
  • Funding amount: $179,500,000
  • Number of funding rounds: 4
  • Number of investors: 20

You can find their website here.

10) ATAI Life Sciences

ATAI Life Sciences is a mental health therapy company that discovers novel therapies to meet large unmet medical needs.

Details of the startup:

  • Country: Germany
  • City: Munich
  • Started in: 2018
  • Founders: Christian Angermayer, Florian Brand, Lars Christian Wilde, Srinivas Rao
  • Number of employees: 11-50
  • Funding amount: $347,100,000
  • Number of funding rounds: 8
  • Number of investors: 31

You can find their website here.

11) Biofourmis

Biofourmis is a biotechnology business that uses digital treatments to supplement tailored care and therapies.

Details of the startup:

  • Country: United States
  • City: Boston
  • Started in: 2015
  • Founders: Kuldeep Singh Rajput, Wendou Niu
  • Number of employees: 101-250
  • Funding amount: $143,571,051
  • Number of funding rounds: 8
  • Number of investors: 12

You can find their website here.

12) Omada Health

A digital behavioral medicine firm dedicated to motivating and empowering individuals across the world to live lives free of chronic illness.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2011
  • Founders: Adrian James, Andrew DiMichele, Sean Duffy
  • Number of employees: 251-500
  • Funding amount: $256,520,000
  • Number of funding rounds: 9
  • Number of investors: 27

You can find their website here.

13) Hummingbird Bioscience

Hummingbird Bioscience specializes on cancer medication research and early development.

Details of the startup:

  • Country: Singapore
  • City: Woodlands
  • Started in: 2014
  • Founders: Jerome Boyd-Kirkup, Piers Ingram
  • Number of employees: 101-250
  • Funding amount: $150,000,000
  • Number of funding rounds: 3
  • Number of investors: 22

You can find their website here.

14) LENZ Therapeutics

LENZ Therapeutics is a late-stage clinical-stage pharmaceutical business focused on creating novel ophthalmic pharmaceuticals.

Details of the startup:

  • Country: United States
  • City: Coronado
  • Started in: 2013
  • Founders: Gerald Horn, James McCollum
  • Number of employees: 1-10
  • Funding amount: $50,399,989
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

15) Repertoire Immune Medicines

Repertoire Immune Medicines is a biotechnology business in the early stages of development.

Details of the startup:

  • Country: United States
  • City: Cambridge-US
  • Started in: 2015
  • Founders: Bart Henderson, Thomas Lars Andresen, Ulrik Nielsen
  • Number of employees: 101-250
  • Funding amount: $257,275,890
  • Number of funding rounds: 5
  • Number of investors: 6

You can find their website here.

16) Seed Health

Seed Health is a microbiological firm specializing on medicines, consumer health breakthroughs, and environmental solutions.

Details of the startup:

  • Country: United States
  • City: Venice
  • Started in: 2017
  • Founders: Ara Katz, Raja Dhir
  • Number of employees: 11-50
  • Funding amount: $40,000,000
  • Number of funding rounds: 4
  • Number of investors: 20

You can find their website here.

17) Naluri Life

Naluri is a digital health solution that improves mental and physical health through a human-driven, AI-augmented approach.

Details of the startup:

  • Country: Malaysia
  • City: Kuala Lumpur
  • Started in: 2017
  • Founders: Azran Osman-Rani, Hariyati Abdul Majid, Jeremy Ting
  • Number of employees: 51-100
  • Funding amount: $7,840,000
  • Number of funding rounds: 4
  • Number of investors: 13

You can find their website here.

18) Forge Biologics

Forge Biologics is a gene therapy development engine that aims to make life-changing gene medicines more accessible.

Details of the startup:

  • Country: United States
  • City: Grove City
  • Started in: 2020
  • Founders: Erandi De Silva, Jaysson Eicholtz, Timothy J Miller
  • Number of employees: 51-100
  • Funding amount: $160,000,000
  • Number of funding rounds: 2
  • Number of investors: 6

You can find their website here.

19) IsoPlexis

IsoPlexis is a life science technology firm that is working on a single-cell detection system for detecting patient immune responses.

Details of the startup:

  • Country: United States
  • City: Branford
  • Started in: 2013
  • Founders: Kara Brower, Rong Fan, Sean Mackay
  • Number of employees: 101-250
  • Funding amount: $205,500,000
  • Number of funding rounds: 13
  • Number of investors: 12

You can find their website here.

20) Vedere Bio

Vedere Bio is working on gene therapy solutions to help individuals with visual loss regain functional vision.

Details of the startup:

  • Country: United States
  • City: Cambridge-US
  • Started in: 2019
  • Founders: Cyrus Mozayeni
  • Number of employees: 11-50
  • Funding amount: $98,000,000
  • Number of funding rounds: 2
  • Number of investors: 7

You can find their website here.

21) Ribon Therapeutics

Ribon Medicines is a biotechnology business specializing on the discovery of therapeutics for stress-related pathways.

Details of the startup:

  • Country: United States
  • City: Cambridge-US
  • Started in: 2015
  • Founders: Paul Chang, Tim Mitchison, W. Lee Kraus
  • Number of employees: 11-50
  • Funding amount: $120,150,141
  • Number of funding rounds: 4
  • Number of investors: 9

You can find their website here.

22) Kineta

Kineta’s goal is to create cutting-edge therapies in the fields of autoimmune disease, viral disease, and chronic pain.

Details of the startup:

  • Country: United States
  • City: Seattle
  • Started in: 2008
  • Founders: Charles Magness, Shawn Iadonato
  • Number of employees: 11-50
  • Funding amount: $44,716,291
  • Number of funding rounds: 16
  • Number of investors: 10

You can find their website here.

23) Groups Recover Together

Groups Recover Together offers medication-assisted therapy (MAT) for opioid addiction that is both accessible and inexpensive.

Details of the startup:

  • Country: United States
  • City: Woburn
  • Started in: 2014
  • Founders: Jeff De Flavio, Joy Sun, Silas Howland
  • Number of employees: 251-500
  • Funding amount: $60,000,000
  • Number of funding rounds: 7
  • Number of investors: 8

You can find their website here.

24) Welldoc

Welldoc is a health-care technology firm that creates solutions to improve chronic disease management.

Details of the startup:

  • Country: United States
  • City: Columbia
  • Started in: 2005
  • Founders: Ryan Sysko, Suzanne Sysko Clough, Yves Nordmann
  • Number of employees: 101-250
  • Funding amount: $55,152,027
  • Number of funding rounds: 8
  • Number of investors: 11

You can find their website here.

25) CAMP4 Therapeutics

CAMP4 Therapeutics is a biotechnology firm based in the United States.

Details of the startup:

  • Country: United States
  • City: Cambridge-US
  • Started in: 2016
  • Founders: Leonard Zon, Richard Young
  • Number of employees: 11-50
  • Funding amount: $90,000,000
  • Number of funding rounds: 3
  • Number of investors: 6

You can find their website here.

26) SonderMind

SonderMind is a telemedicine and digital health startup that is reimagining behavioral health to make it more accessible, friendly, and usable.

Details of the startup:

  • Country: United States
  • City: Denver
  • Started in: 2014
  • Founders: Mark Frank, Sean Boyd
  • Number of employees: 101-250
  • Funding amount: $33,035,000
  • Number of funding rounds: 4
  • Number of investors: 13

You can find their website here.

27) Castor

Castor is a cloud-based clinical data platform that makes clinical trial operations easier and more efficient.

Details of the startup:

  • Country: The Netherlands
  • City: Amsterdam
  • Started in: 2012
  • Founders: Derk Arts
  • Number of employees: 101-250
  • Funding amount: $19,405,178
  • Number of funding rounds: 3
  • Number of investors: 4

You can find their website here.

28) Nuvalent

Nuvalent is a biotechnology business that creates tailored medicines for cancer kinase targets that have been clinically demonstrated.

Details of the startup:

  • Country: United States
  • City: Cambridge-US
  • Started in: 2017
  • Founders: Matthew Shair
  • Number of employees: 11-50
  • Funding amount: $185,000,000
  • Number of funding rounds: 2
  • Number of investors: 12

You can find their website here.

29) TScan Therapeutics

TScan Therapeutics is a biopharmaceutical business that specializes in cancer immunotherapy medicines.

Details of the startup:

  • Country: United States
  • City: Waltham
  • Started in: 2018
  • Founders: Lea Hachigian, Tomasz Kula
  • Number of employees: 51-100
  • Funding amount: $137,500,000
  • Number of funding rounds: 4
  • Number of investors: 10

You can find their website here.

30) Tango Therapeutics

Tango Therapeutics is a biotechnology firm focused on the development of next-generation cancer treatments.

Details of the startup:

  • Country: United States
  • City: Cambridge-US
  • Started in: 2017
  • Founders: Alan Ashworth, José Baselga, Tim Lu, Timothy Lu
  • Number of employees: 51-100
  • Funding amount: $165,000,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

31) CARsgen Therapeutics

CARsgen is a pioneer in the field of immunotherapy, focusing on the development of novel chimeric antigen receptors.

Details of the startup:

  • Country: China
  • City: Shanghai
  • Started in: 2014
  • Founders: Huamao WANG, Zonghai Li
  • Number of employees: 11-50
  • Funding amount: $276,000,000
  • Number of funding rounds: 4
  • Number of investors: 11

You can find their website here.

32) ThinkCyte

ThinkCyte uses a multidisciplinary approach to give single-cell analysis for research, diagnostics, and treatments.

Details of the startup:

  • Country: Japan
  • City: Hongo
  • Started in: 2016
  • Founders: Issei Sato, Ryoichi Horisaki, Sadao Ota, Waichiro Katsuda
  • Number of employees: 11-50
  • Funding amount: $47,034,125
  • Number of funding rounds: 5
  • Number of investors: 11

You can find their website here.

33) moveUP

moveUP is a startup that specializes in digital therapeutics.

Details of the startup:

  • Country: Belgium
  • City: Brussels
  • Started in: 2015
  • Number of employees: 11-50
  • Funding amount: € 3,650,000
  • Number of funding rounds: 1
  • Number of investors: 5

You can find their website here.

34) Joint Academy

Joint Academy is a digital clinic that offers patients with osteoarthritis and chronic joint pain digital treatment.

Details of the startup:

  • Country: Sweden
  • City: Malmö
  • Started in: 2014
  • Founders: Jakob Dahlberg, Leif Dahlberg
  • Number of employees: 11-50
  • Funding amount: $33,200,000
  • Number of funding rounds: 5
  • Number of investors: 12

You can find their website here.

35) Tessa Therapeutics

Tessa Therapeutics is a company that specializes on T-cell treatment for solid tumors.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2001
  • Founders: Andrew Khoo
  • Number of employees: 101-250
  • Funding amount: $130,000,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

36) Neogene Therapeutics

Neogene Therapeutics is a biotech business that develops T cell therapeutics for cancer patients that target altered proteins known as neo-antigens.

Details of the startup:

  • Country: The Netherlands
  • City: Amsterdam
  • Started in: 2018
  • Founders: Carsten Linnemann, Ton Schumacher
  • Number of employees: 11-50
  • Funding amount: $125,000,000
  • Number of funding rounds: 2
  • Number of investors: 8

You can find their website here.

37) Onward

Onward is working on an implantable neurostimulation system (INS) that includes real-time motion feedback and training tools.

Details of the startup:

  • Country: The Netherlands
  • City: Eindhoven
  • Started in: 2013
  • Founders: Sjaak Deckers, Vincent Delattre
  • Number of employees: 11-50
  • Funding amount: $73,052,545
  • Number of funding rounds: 9
  • Number of investors: 11

You can find their website here.

38) Stelis Biopharma

Stelis Biopharma is a biopharmaceutical firm that provides patients in both emerging and developed countries with cheap medications.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2013
  • Number of employees: 251-500
  • Funding amount: $230,000,000
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

39) Confo Therapeutics

Confo Therapeutics is a drug discovery firm focused on unmet medical needs that develops internal drug discovery programs based on GPCRs.

Details of the startup:

  • Country: Belgium
  • City: Brussels
  • Started in: 2015
  • Founders: Jan Steyaert, Toon Laeremans
  • Number of employees: 11-50
  • Funding amount: € 45,970,000
  • Number of funding rounds: 8
  • Number of investors: 13

You can find their website here.

40) Providence Therapeutics

Providence Therapeutics is a biotechnology firm that is working on a tailored mRNA cancer vaccine for the treatment of ovarian cancer.

Details of the startup:

  • Country: Canada
  • City: Toronto
  • Started in: 2015
  • Founders: Brad Sorenson, Eric Marcusson, Scott Leary
  • Number of employees: 11-50
  • Funding amount: $3,476,087
  • Number of funding rounds: 1

You can find their website here.

41) IO Biotech

IO Biotech is a clinical-stage biotech startup focused on creating cancer-fighting immuno treatments.

Details of the startup:

  • Country: Denmark
  • City: Copenhagen
  • Started in: 2014
  • Founders: Anders Ljungqvist, Inge Svane, Mads Andersen, Mai-Britt Zocca, Per Straten
  • Number of employees: 11-50
  • Funding amount: $175,012,359
  • Number of funding rounds: 3
  • Number of investors: 16

You can find their website here.

42) ViBe Saúde

Telemedicine + Digital Therapeutics are the leading digital health platforms in Brazil.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2016
  • Founders: Ian Bonde, Ricardo Joseph
  • Number of employees: 51-100
  • Funding amount: $12,500,000
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

43) Promethera Biosciences

Promethera Biosciences is a biopharmaceutical business that specializes on liver disease cell treatment.

Details of the startup:

  • Country: Belgium
  • City: Mont-saint-guibert
  • Started in: 2009
  • Founders: Etienne Sokal
  • Number of employees: 101-250
  • Funding amount: $149,103,123
  • Number of funding rounds: 7
  • Number of investors: 18

You can find their website here.

44) Atlantic Therapeutics

Atlantic Therapeutics is a medical technology firm that creates items to strengthen the pelvic floor muscles and stimulate nerves.

Details of the startup:

  • Country: Ireland
  • City: Galway
  • Started in: 2013
  • Number of employees: 11-50
  • Funding amount: € 43,750,000
  • Number of funding rounds: 6
  • Number of investors: 9

You can find their website here.

45) ImCheck Therapeutics

ImCheck Therapeutics is developing novel checkpoint inhibitors that target members of the butyrophilin (BTN) superfamily.

Details of the startup:

  • Country: France
  • City: Marseille
  • Started in: 2015
  • Founders: Alem Truneh, Benjamin Charles, Daniel Olive
  • Number of employees: 11-50
  • Funding amount: € 70,930,000
  • Number of funding rounds: 4
  • Number of investors: 10

You can find their website here.

46) eTheRNA immunotherapies

eTheRNA creates immunotherapies that target dendritic cells, which play a critical role in the human immune system.

Details of the startup:

  • Country: Belgium
  • City: Jette
  • Started in: 2013
  • Founders: Kris Thielemans
  • Number of employees: 11-50
  • Funding amount: $73,039,737
  • Number of funding rounds: 4
  • Number of investors: 12

You can find their website here.

47) ExeVir Bio

ExeVir Bio, established in Belgium, develops single-domain antibody-based treatments to help patients fight viral infections.

Details of the startup:

  • Country: Belgium
  • City: Zwijnaarde
  • Started in: 2020
  • Founders: Nico Callewaert, Xavier Saelens
  • Number of employees: 1-10
  • Funding amount: € 42,000,000
  • Number of funding rounds: 1
  • Number of investors: 9

You can find their website here.

48) EpimAb Biotherapeutics

EpimAb Biotherapeutics is a biopharmaceutical R&D firm that is privately held.

Details of the startup:

  • Country: China
  • City: Shanghai
  • Started in: 2015
  • Founders: Chengbin Wu
  • Number of employees: 11-50
  • Funding amount: $219,000,000
  • Number of funding rounds: 3
  • Number of investors: 15

You can find their website here.

49) MicroPort CardioFlow

Shanghai MicroPort CardioFlow Medtech is a company that specializes in developing minimally invasive therapy for structural heart disorders.

Details of the startup:

  • Country: China
  • City: Shanghai
  • Started in: 2015
  • Funding amount: $130,000,000
  • Number of funding rounds: 1
  • Number of investors: 6

You can find their website here.

50) Sino Biological

Sino Biological is a leading supplier of protein, antibody, and gene-related products.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2007
  • Founders: Liangzhi Xie
  • Number of employees: 251-500
  • Funding amount: CN¥300,000,000
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

FAQs

Is Therapeutics Business Profitable?

The potential for profitability in the therapeutics business depends on a variety of factors, including the size of the market, the effectiveness of the therapy, the cost of producing the therapy, and the ability to find investors willing to finance the business. 

Generally, the more effective a therapy is, the more likely it is to be profitable. Additionally, if the market for the therapy is large enough, there is potential for profitability. 

It is also important for businesses to make sure their research and development costs are kept low in order to maximize profitability.

What Is The Average Investment In Therapeutics?

The average investment in therapeutics startups is difficult to accurately quantify, as it can vary greatly depending on the specific company, its stage of development, and other factors. 

Generally, investments in therapeutics startups range from a few hundred thousand dollars to tens of millions of dollars.

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