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§ Private Profile · Cambridge, MA, USA
Former biotechnology company that developed monoclonal microbials for inflammatory diseases, autoimmune conditions, and cancer.
Evelo Biosciences was a Cambridge, Massachusetts-based biotechnology company that developed orally administered monoclonal microbials to treat inflammatory diseases, autoimmune conditions, and cancer. Before dissolving in late 2023 following multiple clinical trial setbacks, the enterprise raised a $50 million Series B financing round and subsequently secured $85 million through its initial public offering. The firm's clinical development programs were backed by prominent institutional investors and strategic partners, including Flagship Pioneering, GV, Celgene, Alexandria Venture Investments, and the Mayo Clinic. Despite its early capitalization and novel microbiome-based approach, the company ultimately struggled with a massive $588 million deficit against just $17.3 million in remaining cash by November 2023. This financial distress prompted a 45 percent workforce reduction earlier that same year before operations ceased. Evelo Biosciences was originally founded in 2014 by Noubar Afeyan and David Berry.
Evelo Biosciences has raised $85.0M across 2 funding rounds.
Evelo Biosciences has raised $85.0M in total across 2 funding rounds.
Evelo Biosciences has raised $85.0M in total across 2 funding rounds.
Evelo Biosciences's investors include 1955 Capital, Flagship Ventures, Khosla Ventures, Lightspeed Venture Partners, Alexandria Venture Investments, Celgene, Google Ventures, Mayo Clinic, David Berry.
Evelo Biosciences has raised $85.0M across 2 funding rounds. Most recently, it raised $50.0M Series B in July 2017.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2017 | $50M Series B | — | 1955 Capital, Flagship Ventures, Khosla Ventures, Lightspeed Venture Partners, Alexandria Venture Investments, Celgene, GV, Mayo Clinic | Announced |
| Nov 1, 2015 | $35M Series A | David Berry | 1955 Capital, Flagship Ventures, Khosla Ventures, Lightspeed Venture Partners | Announced |
Evelo Biosciences is a clinical-stage biotechnology company developing orally delivered, single‑strain microbial therapies and microbial extracellular vesicle medicines that act on the small intestine (the “small intestinal axis” or SINTAX) to produce systemic immunologic and therapeutic effects across inflammatory diseases and beyond[1][2].
High-Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech/Biotech Landscape
Quick Take & Future Outlook
If you’d like, I can summarize Evelo’s current pipeline status and most recent clinical data or prepare a short comparison of Evelo versus other microbiome/host‑microbe therapeutics companies.