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Akouos
New biotechnology company focused on restoring and preserving hearing
About Akouos
Akouos is a pioneering biotech company focused on developing precision genetic medicine to address hearing loss. The company operates in the healthcare and biotechnology market, specifically targeting individuals with disabling hearing loss. Akouos aims to restore, improve, and preserve high-quality hearing through innovative gene therapies.
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The company's primary clients include individuals who are deaf or hard of hearing, as well as healthcare providers who treat these conditions. Akouos leverages advanced genetic research to create therapies that can potentially correct genetic defects causing hearing loss. This approach is known as precision medicine, which involves tailoring medical treatment to the individual characteristics of each patient, including their genetic makeup.
Akouos's business model revolves around research and development (R&D) of gene therapies, followed by clinical trials to ensure safety and efficacy. Once these therapies are approved by regulatory bodies, the company plans to commercialize them, making them available to healthcare providers and patients. Revenue is generated through the sale of these therapies, partnerships with other biotech firms, and possibly licensing agreements.
The company is deeply committed to innovation and collaboration, believing that teamwork and trust in their scientific research are key to achieving their goals. Akouos also maintains a strong focus on community engagement, providing resources and support for the deaf and hard of hearing community.
In summary, Akouos is a biotech firm dedicated to transforming the lives of those with hearing loss through cutting-edge genetic therapies. Their innovative approach and commitment to precision medicine position them as a leader in the field of hearing health.
At a glance
- Status
- Acquired
- Founded
- 2017
- Headquarters
- Boston, United States
- Employees
- 49
- Open positions
- None listed
- Dealroom signal
- 62.7/100
- Industry
- Health
- Sub-industry
- BioTechnology
- Sector
- Biotech & Life Sciences, Biotechnology, Precision Medicine, Health Diagnostics, Spinout, Biotech and Pharma, DT and LS, science-based
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Akouos.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Oct 2022 | $610M | $610M | Eli Lilly | ↗ |
| SERIES BOther financing | Mar 2020 | $105M | $420M | NEA · Cowen Group · Partners Innovation Fund · Citadel | ↗ |
Growth signals
Latest recorded traffic for Akouos is 4.6K monthly website visits, up 187.5% over the last three months. Akouos's team declined 52.4% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
NEA
5AM Ventures- PFPartners Innovation Fund
Series A12 investors entered at this stage
Novartis Venture Fund
Sofinnova Investments
RA Capital Management
Pivotal Life Sciences
Cowen Group
Citadel- WCWu Capital
Cormorant Asset Management- PFPolaris Founders Fund
Fidelity Investments
EcoR1 Capital- PGPacific Alliance Group
Other known investors3 additional known investors
Eli Lilly
Harvard Medical School
Massachusetts Eye and Ear
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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