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Ethris

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Ethris is a technical innovator in the emerging field of messenger RNA therapeutics

Planegg, GermanyFounded 2009Biotech & Life Sciences
Valuation $100–250M Last recorded · 2022
Revenue <$1M Latest reported FY
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 Ethris and the history behind them.

About Ethris

Ethris GmbH, a clinical-stage biotechnology company headquartered in Planegg, Germany, is focused on developing messenger RNA (mRNA) based therapeutics to address severe respiratory diseases. The company was founded in 2009 by Dr. Carsten Rudolph and Professor Christian Plank, emerging from their academic research at Munich University. Dr. Rudolph's work in gene therapy for cystic fibrosis at the Department of Pediatrics at Ludwig Maximilian University of Munich, combined with Prof. Plank's expertise in drug delivery systems from the Technical University of Munich, formed the company's scientific foundation. Their shared vision was to overcome the limitations of traditional gene therapy by harnessing the potential of mRNA.

Ethris' business model centers on the discovery, design, and development of transcript therapies. The company generates revenue through strategic partnerships, technology licensing, and advancing its own pipeline of drug candidates. Its primary strategy involves out-licensing its assets, like the ETH47 asthma program, and forming product-development partnerships with mid- to large-sized pharmaceutical companies. Ethris has secured significant funding, totaling over $31.3 million across several rounds from investors including the Gates Foundation, Laureus Capital, and the European Union. The company collaborates with major industry players like Thermo Fisher Scientific to provide integrated mRNA manufacturing solutions and with Lonza to develop spray-dried, room-temperature stable mRNA vaccines.

The core of Ethris' operations is its proprietary technology suite, designed to overcome key challenges in mRNA therapeutics such as instability and immunogenicity. This includes the Stabilized Non-Immunogenic mRNA (SNIM® RNA) platform, which modifies mRNA molecules to make them less likely to trigger an immune response, allowing for repeated dosing. Complementing this is the Stabilized NanoParticle (SNaP LNP®) delivery platform, a lipidoid nanoparticle system optimized for protecting and transporting mRNA to target cells, particularly in the respiratory tract. A key feature of their technology is a stabilizer that prevents nanoparticle aggregation during nebulization, enabling efficient delivery via inhalation and nasal sprays. This innovation also allows for lyophilization and spray-drying, creating stable, dry powder formulations that may eliminate the need for cold-chain logistics.

The company's therapeutic pipeline is focused on respiratory diseases and protein replacement therapies. Its lead candidate, ETH47, is an intranasally administered mRNA therapy designed to treat uncontrolled, virus-induced asthma by encoding for interferon lambda (IFNλ), a protein that strengthens the airway's antiviral defenses. Having successfully completed a Phase 1 trial that demonstrated safety and local target engagement without systemic exposure, ETH47 advanced to a Phase 2a clinical trial in August 2025. Other pipeline programs target rare diseases like primary ciliary dyskinesia (PCD) and pulmonary alveolar proteinosis (PAP). Ethris is also developing mucosal vaccines to provide a localized immune response in the respiratory tract.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2009
Headquarters
Planegg, Germany
Employees
34
Open positions
None listed
Dealroom signal
62.5/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Spinout, Disease, Biotech and Pharma, Hard Tech, Horizon Europe, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANTOther financing May 2025 $11M — EU4Health ↗
LATE VCOther financing Dec 2022 $16M $132M Cipla ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
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Growth signals

Ethris website traffic

Latest recorded traffic for Ethris is 2.6K monthly website visits, down 16.1% over the last three months. Ethris's team declined 19% over the past year.

Latest monthly visits2.6K 3-month web change-16.1% 1-year team growth-19%
Summary metrics are public; monthly history is available with a demoCompare with peers →

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

4 investors on the cap table

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

Seed1 investor entered at this stage

  • EU4Health

Series A1 investor entered at this stage

  • Laureus Capital

Series B and later1 investor entered at this stage

  • Cipla

Other known investors1 additional known investor

  • Ludwig Maximilian University of Munich
Team profiled 8 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
4 countries with
team presence
🇩🇪 Germany88.5%
🇺🇸 United States3.9%
🇳🇱 Netherlands3.9%
🇮🇳 India3.9%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Ethris 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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