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Neomorph

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Developing novel drugs targeting previously untreatable disease-causing proteins using molecular degradation technology

San Diego, United StatesFounded 2020Biotech & Life Sciences
Valuation $500M–1B Last recorded · 2026
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Neomorph and the history behind them.

About Neomorph

Neomorph is a venture-backed biotech startup based in San Diego, California, that operates in the healthcare sector. The company is focused on advancing the science of targeted protein degradation to develop innovative new medicines to cure diseases. Their primary aim is to destroy 'undruggable' proteins, which are proteins that have been traditionally difficult to target with conventional drugs.

Neomorph's business model revolves around the discovery and development of these new medicines. They leverage the expertise of their team, which includes industry-leading experts in protein degradation and molecular glues, to drive their research and development efforts. The company's revenue is likely derived from the commercialization of their discoveries, either through the sale of developed drugs or through strategic partnerships with larger pharmaceutical companies.

One of their key collaborations is with the Center for Protein Degradation at the Dana Farber Cancer Institute. This partnership underscores the company's commitment to tackling complex health problems, particularly those related to cancer.

Neomorph's approach to drug discovery involves repurposing the cellular machinery to destroy disease-causing proteins. They use a method known as 'molecular glue' degradation, which involves redirecting cellular machines to mark these proteins for degradation. This approach has gained significant interest in recent years due to its potential to tackle diseases that have been difficult to address with conventional drug discovery methods.

In summary, Neomorph is a biotech startup that operates in the healthcare sector, focusing on the discovery and development of new medicines through the science of targeted protein degradation. Their business model is centered on the commercialization of their research and development efforts, either through the sale of developed drugs or strategic partnerships.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2020
Headquarters
San Diego, United States
Employees
90
Open positions
10
Dealroom signal
87.9/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Oncology, Kidney, Spinout, Biotech and Pharma, proteomics, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Apr 2026 $100M $545M Deerfield · Longwood Fund · Alexandria Venture Investments · Binney Street Capital ↗
SERIES AOther financing Dec 2020 $109M $436M Deerfield ↗
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

Neomorph website traffic

Latest recorded traffic for Neomorph is 3.2K monthly website visits, down 50.8% over the last three months. Neomorph's team grew 15.4% over the past year.

Latest monthly visits3.2K 3-month web change-50.8% 1-year team growth+15.4%
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

6 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

  • Deerfield

Series A4 investors entered at this stage

  • Longwood Fund
  • Alexandria Venture Investments
  • Binney Street Capital
  • Regeneron Ventures

Other known investors1 additional known investor

  • Dana-Farber Cancer Institute
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 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
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

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