Adverum Biotechnologies
AcquiredRedefining sight for life.
Redwood City, United States · Founded 2012 · $182.5M raised
- Headquarters
- Redwood City, California
- Employees
- 51–200
- Founded
- 2012
- Website
- adverum.com
- Total Funding
- $182.5M
- Last Round
- $127.5M Private EquityFeb 2024
- Rounds
- 2
About
Adverum Biotechnologies is a clinical-stage company that aims to establish gene therapy as a new standard of care for highly prevalent ocular diseases, with the goal of developing functional cures that restore vision and prevent blindness. Leveraging its proprietary intravitreal (IVT) platform, Adverum is developing ixoberogene soroparvovec (Ixo-vec), a one-time, single-administration gene therapy for wet age-related macular degeneration, delivered in physicians' offices to eliminate the need for frequent ocular injections. Adverum is now a wholly-owned subsidiary of Eli Lilly and Company, following completion of Lilly's acquisition announced in October 2025.
Summary
Adverum Biotechnologies is a Biotech company based in Redwood City, United States, founded in 2012. It has raised $182.5M in total across 2 rounds, most recently a $127.5M Private Equity round in Feb 2024. Investors include TCGX, 5AM Ventures and Commodore Capital.
Tech & App Stack
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Funding History
Feb 2024
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Series B through Private Equity — per-round amounts, valuations, and who invested in each round.
Investors
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