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Renalys

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Catalyst to access novel therapies for Asian patients with renal disease

Tokyo, JapanFounded 2023Biotech & Life Sciences
Valuation $100–250M Last recorded · 2025
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Renalys

Renalys Pharma is a late-stage clinical biopharmaceutical company established in April 2023, with a specific focus on addressing unmet needs in renal disease management for patients in Japan and other Asian countries. The company was co-founded by venture capital firms Catalys Pacific and SR One, with the strategic goal of mitigating "drug loss" by accelerating access to new treatments for kidney disease in the region. The co-founders are BT Slingsby, who also serves as CEO, and Takeshi Takahashi. BT Slingsby's role as the Founder and Managing Director of Catalys Pacific highlights the deep integration between the investment firm and Renalys's operational strategy, aiming to build transformative biotechnology companies. The leadership team includes world-class talent, notably former executives from Kyowa Kirin with a proven history of launching significant renal therapies in Japan.

The company's business model centers on in-licensing promising therapeutics and navigating them through clinical development and regulatory approval in its target markets. Renalys operates in the biopharmaceutical sector, specifically targeting the nephrology market in Japan and 13 other Asian territories, including South Korea, Taiwan, and parts of Southeast Asia. Its establishment was a direct response to the growing healthcare burden of Chronic Kidney Disease (CKD) and End-Stage Renal Disease (ESRD) in Japan. In July 2024, Renalys secured ¥6.0 billion (approximately $38.2 million) in a Series A financing round co-led by its founding investors, Catalys Pacific and SR One, to fund its clinical operations.

The cornerstone of Renalys's current pipeline is sparsentan, an oral, dual-acting antagonist of endothelin and angiotensin receptors (DEARA). This therapeutic was in-licensed from Travere Therapeutics. Sparsentan is being developed for the treatment of IgA nephropathy (IgAN), a major cause of kidney failure that is particularly prevalent in Asia. The drug offers a non-immunosuppressive treatment approach by inhibiting two critical pathways, Endothelin-1 (ET-1) and Angiotensin II (Ang II), which are involved in the progression of the disease. Sparsentan is already approved in the U.S. under the brand name FILSPARI® for reducing proteinuria in adults with primary IgAN. Following the submission of an Investigational New Drug (IND) application in April 2024, Renalys initiated a Phase III clinical trial for sparsentan in Japan, with initial results anticipated in the latter half of 2025.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2023
Headquarters
Tokyo, Japan
Employees
1
Open positions
None listed
Dealroom signal
59.7/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Biotech and Pharma, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Oct 2025 $115M $115M Chugai Pharmaceutical ↗
SERIES A✓Equity / VC Jul 2024 $46M $185M Japan Co-Invest Limited Partnership · Catalys Pacific · Sumitomo Mitsui Trust Bank · SR One ↗
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Growth signals

Renalys website traffic

Latest recorded traffic for Renalys is 380 monthly website visits, down 78.9% over the last three months. Renalys's team grew 0% over the past year.

Latest monthly visits380 3-month web change-78.9% 1-year team growth0%
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Investments and acquisitions

Capital deployed

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

Investors

7 investors on the cap table

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

Series A6 investors entered at this stage

  • Catalys Pacific
  • SR One
  • Japan Co-Invest Limited Partnership
  • Sumitomo Mitsui Trust Bank
  • Nippon Venture Capital
  • Japan Post Investment

Other known investors1 additional known investor

  • Chugai Pharmaceutical
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 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
🇯🇵 Japan · Tokyo HQ
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Market sentiment

Posts on X, past 7 days

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