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Ena Respiratory

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Nasal spray boosting innate immunity against viruses

Melbourne, AustraliaFounded 2014Biotech & Life Sciences
Valuation $100–250M Last recorded · 2025
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Ena Respiratory and the history behind them.

About Ena Respiratory

ENA Respiratory is a clinical-stage pharmaceutical company, spun out of the University of Melbourne in 2015, that is developing therapies to prevent respiratory viral infections. The company, initially known as Innavac Pty Ltd, was founded based on research by Professor David Jackson and his team at the University of Melbourne's Peter Doherty Institute for Infection and Immunity. Christophe Demaison has served as CEO since the company's formation as ENA Respiratory in 2020.

The company's core focus is the development of INNA-051, a first-in-class small molecule that acts as a TLR2/6 agonist. This product is designed as a once-weekly, self-administered nasal dry powder that primes the body's innate immune system at the primary site of infection in the upper respiratory tract. The mechanism aims to provide broad-spectrum, virus-agnostic protection by enabling a faster and more effective immune response to eliminate pathogens like influenza, RSV, coronaviruses, and rhinoviruses before they can cause severe illness or spread to the lungs. The ultimate goal is to reduce the incidence, duration, and severity of symptomatic infections, thereby minimizing complications and hospitalizations.

ENA Respiratory's business model is centered on the clinical development and eventual commercialization of INNA-051. The company targets at-risk and vulnerable populations, including the elderly, individuals with chronic conditions such as COPD, asthma, and diabetes, and those with occupational exposure like military personnel and first responders. The firm operates through a strategy of securing venture capital funding and forming strategic partnerships to advance its clinical trials. In October 2025, the company announced a US$22.4 million Series B financing round with investors including the Gates Foundation, Flu Lab, Brandon Capital, and Uniseed, to fund a Phase 2 clinical trial of INNA-051. ENA Respiratory has also received funding from the U.S. Department of Defense and is partnered with the U.S. COPD Foundation to accelerate development.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2014
Headquarters
Melbourne, Australia
Employees
8
Open positions
None listed
Dealroom signal
59.6/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Drug Development, Biomedical, Respiratory, Immune System, Spinout, Biotech and Pharma, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Oct 2025 $22M $88M Bill & Melinda Gates Foundation · Flu Lab · Brandon Capital Partners · Uniseed Ventures ↗
EARLY VCOther financing Feb 2025 $5M $20M Flu Lab ↗
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Growth signals

Ena Respiratory website traffic

Latest recorded traffic for Ena Respiratory is 1.6K monthly website visits, up 281% over the last three months. Ena Respiratory's team grew 0% over the past year.

Latest monthly visits1.6K 3-month web change+281% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • Uniseed Ventures
  • Brandon Capital Partners
  • US Department of War
  • Brandon BioCatalyst

Series A4 investors entered at this stage

  • Minderoo Foundation
  • Flu Lab
  • Bill & Melinda Gates Foundation
  • Stoic Venture Capital

Other known investors1 additional known investor

  • University of Melbourne
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇦🇺 Australia75%
🇬🇧 United Kingdom25%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Ena Respiratory on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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