The pharmaceutical sector includes 19 unicorn companies transforming healthcare. Among them, healthtech platform Judi Health has reached a valuation of $3.25 billion.
Biomanufacturing firm Resilience has secured $3.4 billion in funding to support its operations.
Below is the full list of 19 Pharmaceutical unicorn startups at this time.
Top 10 Most Valuable Pharmaceutical Unicorns
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Get the Sheet for $50Judi Health provides a pharmacy benefit management (PBM) platform designed to navigate the complexities of prescription drug pricing. Their full-service solution uses a modern technology stack to help employers, unions, and government groups reduce costs and improve member care.
| Valuation | $3.25B (Joined March 2024) |
| Headquarters | New York, New York, United States |
| Year Founded | 2017 |
| Founders | AJ Loiacono, Joseph Alexander, Ryan Kelly |
| Funding Amount | $736M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | General Catalyst, Edison Partners, Goldman Sachs, Wellington Management, B Capital |
Insitro is developing a new approach to drug discovery by combining machine learning with the creation of vast biological datasets. Their platform generates predictive models from this data to identify new therapeutic targets and design more effective drugs.
| Valuation | $2.44B (Joined March 2021) |
| Headquarters | South San Francisco, California, United States |
| Year Founded | 2018 |
| Founders | Daphne Koller |
| Funding Amount | $643M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Verily, Temasek Holdings, ARCH Venture Partners, BlackRock, Andreessen Horowitz |
Medable created a platform that powers decentralized clinical trials and predictive medicine. It relies on patient-generated data to help researchers accelerate the process of bringing new treatments to people who need them.
| Valuation | $2.1B (Joined October 2021) |
| Headquarters | Palo Alto, California, United States |
| Year Founded | 2015 |
| Founders | Fernando Waigandt, James Sas, Michelle Longmire, Perry Robinson, Tim Smith |
| Funding Amount | $506.6M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Obvious Ventures, Sapphire Ventures, Streamlined Ventures, HealthX Ventures, GSR Ventures |
ConcertAI builds AI-powered SaaS and data solutions for advancing oncology research. Their platform analyzes real-world evidence to help researchers and pharmaceutical companies accelerate clinical trials and bring new cancer therapies to patients.
| Valuation | $2B (Joined March 2022) |
| Headquarters | Cambridge, Massachusetts, United States |
| Year Founded | 2018 |
| Founders | Jeff Elton |
| Funding Amount | $300M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series C |
| Top Investors | Maverick Ventures, Declaration Partners, AllianceBernstein, SymphonyAI, Sixth Street |
Blink Health created a healthcare platform to make prescription drugs more affordable and accessible for everyone. They offer transparent pricing and home delivery, connecting patients directly with lower costs on their medications.
| Valuation | $2B |
| Headquarters | New York, New York, United States |
| Year Founded | 2014 |
| Founders | Geoffrey Chaiken, Matthew Chaiken |
| Funding Amount | $315M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | 1789 Capital, Sweetwater Capital Partners, SuRo Capital, BoxGroup, 8VC |
Orna Therapeutics is building a new class of medicine based on its fully engineered circular RNA (oRNA) platform. These novel therapeutics are designed to treat a broad range of illnesses, including cancer and genetic diseases.
| Valuation | $2B (Joined August 2022) |
| Headquarters | Cambridge, Massachusetts, United States |
| Year Founded | 2019 |
| Founders | Alex Wesselhoeft, Daniel Anderson, Raffaella Squilloni |
| Funding Amount | $321M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Taiho Ventures, MPM Capital, Bristol-Myers Squibb, Kite Pharma, Merck |
L&P Cosmetic develops science-backed skincare products under its globally recognized brand, Mediheal. They are best known for their popular line of affordable sheet masks, which are developed in collaboration with dermatologists and skincare experts.
| Valuation | $1.19B (Joined January 2016) |
| Headquarters | Seoul, Seoul-t'ukpyolsi, South Korea |
| Year Founded | 2009 |
| Founders | Kwon Oh-sub |
| Funding Amount | ₩40B |
| Company Size | Lean Team (11-50) |
| Last Funding Status | Venture Round |
| Top Investors | Credit Suisse, CDIB Capital |
Insilico Medicine created Pharma.AI, an end-to-end generative AI platform for discovering and developing new drugs. They use the platform to build their own pipeline of therapeutics, becoming one of the first to move an AI-discovered drug into human clinical trials.
| Valuation | $1B |
| Headquarters | Cambridge, Massachusetts, United States |
| Year Founded | 2014 |
| Founders | Alex Zhavoronkov |
| Funding Amount | $624.3M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | B Capital, Qiming Venture Partners, HSG, OrbiMed, Eli Lilly |
Resilience partners with biopharmaceutical companies to manufacture complex medicines, including cell and gene therapies. Their network of manufacturing sites is designed to strengthen supply chains and broaden access to novel treatments.
| Valuation | $1B |
| Headquarters | La Jolla, California, United States |
| Year Founded | 2020 |
| Founders | Drew Oetting, Rahul Singhvi |
| Funding Amount | $3.4B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | New Enterprise Associates, U.S. International Development Finance Corp, 8VC, Lux Capital, ARCH Venture Partners |
Enveda Biosciences develops novel medications by exploring the chemistry of the natural world. Their drug discovery platform uses machine learning to identify new therapeutic compounds from plants.
| Valuation | $1B |
| Headquarters | Boulder, Colorado, United States |
| Year Founded | 2019 |
| Founders | Viswa Colluru |
| Funding Amount | $529.9M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series D |
| Top Investors | FPV Ventures, Sanofi, Lux Capital, Catalio Capital Management, Village Global |
The Remaining 9 Pharmaceutical Unicorns
The ten most valuable companies are just part of a much larger picture. Together, the remaining unicorns have raised over $3 billion, with founders building these businesses everywhere from the United States to China and India.
Some are just getting started, while others have been around for over a decade. Here’s a look at the other pharmaceutical startups that have reached the billion dollar mark.