Biotech/Pharma Startup Financial Models
Biotech and pharma startup financial model examples in Excel, covering research pipelines, clinical milestones, pharmacy revenue, and funding needs. Explore revenue forecasts, operating costs, and the cash needed to grow.

Moderna
$500.0M raisedmRNA-based drug platform company using messenger RNA as programmable "software" to instruct cells to produce therapeutic proteins.

Transcarent
$200.0M raisedConsumer-directed digital health platform connecting employer-covered members to high-value care across telehealth, surgery, pharmacy, and specialty services.

Beckley Psytech
$186.0M raisedClinical-stage psychedelic drug development platform advancing a pipeline of psychedelic compounds (psilocybin, 5-MeO-DMT, NCEs) as licensed pharmaceutical medicines for neuropsychiatric disorders.

Deep Genomics
$180.0M raisedAI-driven RNA therapy platform that uses machine-learning predictors to discover and design genetic medicines for rare and complex diseases.
Affini-T
$175.0M raisedEngineered T cell therapies targeting oncogenic driver mutations (KRAS, p53) in hard-to-treat solid tumors

EVERY
$175.0M raisedPrecision fermentation company producing real animal proteins (egg proteins, pepsin) without animals, targeting food ingredients market.

Aurion Biotech
$120.0M raisedCell therapy company developing an injectable corneal endothelial cell treatment to restore vision in patients with corneal endothelial disease.

iLobby
$100.0M raisedEnterprise Visitor Management (EVM) SaaS platform that digitises, screens, and monitors physical access across facilities for regulated industries.

Ada Health
$90.0M raisedAI-powered symptom assessment app and clinical decision-support platform for consumers and healthcare partners.

Compass Pathways
$80.0M raisedClinical-stage biotech developing psilocybin therapy for treatment-resistant depression (TRD), seeking regulatory approval in EU, US, and Canada.

Aphea.Bio
$70.0M raisedAphea.Bio is a Belgian ag-biotech company developing and commercialising microbial biologicals (biostimulants, biofungicides, bioherbicides, bioinsecticides) for row crops, targeting yield improvement and reduced synthetic input use.

Super.com
$60.0M raisedSuper is a savings super app targeting low-income Americans, offering hotel discounts, cashback rewards (SuperCash), credit building, gas savings, phone plans, insurance, and pharmacy deals in one app.
Carrum Health
$45.0M raisedValue-based care marketplace connecting self-insured employers to top-tier surgical and oncology Centers of Excellence (COEs) via all-inclusive bundled payments.

Castor
$45.0M raisedSaaS platform enabling self-service decentralized clinical trials (DCT) for pharma, biotech, and research institutions.

BrightInsight
$40.0M raisedRegulated digital health platform-as-a-service for biopharma and medtech companies to build, launch, and maintain compliant connected-drug and medical-device software products.
Super Coffee
$25.0M raisedKITU Life makes better-for-you RTD coffee, espresso shots, and coffee creamer - zero sugar, protein-enhanced, MCT oil-fortified - targeting health-conscious consumers dissatisfied with sugary mainstream options.

Multus Media
$21.0M raisedB2B supplier of animal-free cell culture growth media (serum substitutes) for the cultivated meat industry.

Clearing
$20.0M raisedD2C telehealth platform delivering personalized, opioid-free chronic pain treatment via prescription compound creams shipped to patients' doors.

Dutch
$20.0M raisedDutch is a pet telehealth platform offering online vet consultations, prescription treatment plans, and D2C medication delivery for dogs and cats with chronic conditions.

Equinom
$20.0M raisedEquinom develops genetically optimised ("smarter") seeds for plant-based protein crops, enabling food manufacturers to skip expensive factory processing by doing the work in the field.
Vira Health
$12.0M raisedDigital menopause care platform ("Stella") combining a personalised 12-week behaviour-change app with 1:1 coaching, community, and a roadmap to add telemedicine and pharmaceutical prescription/delivery.

PhageLab
$11.0M raisedAI-powered bacteriophage platform that replaces failing antibiotics in animal (and eventually human) health by developing custom phage cocktails in 45 days.
Space Forge
$10.0M raisedIn-space manufacturing company building fully returnable and re-launchable satellite platforms (ForgeStar™) to produce materials impossible to make on Earth.
Troy Medicare
$10.0M raisedMedicare Advantage health plan that acquires members through independent community pharmacies at near-zero CAC.

