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WaveBreak

Biotech & Life Sciences · Cambridge, United Kingdom · Founded 2016

Small-molecule therapeutics for neurodegenerative diseases MoreLess

WaveBreak, formerly known as Wren Therapeutics, is a biopharmaceutical company that develops small-molecule therapeutics to combat major neurodegenerative diseases like Parkinson's, Alzheimer's, and ALS. The company was spun out of the University of Cambridge and Lund University in 2016. Its scientific founders include Professor Sir Christopher Dobson, Professor Tuomas Knowles, and Dr. Samuel Cohen, who was also the founding CEO. In March 2022, Bart Henderson was appointed CEO, bringing extensive biotechnology industry experience.

The company's core technology focuses on a drug discovery platform designed to target and inhibit the transient, toxic protein intermediates, known as oligomers, which are understood to be a primary cause of neurotoxicity in protein misfolding diseases. This approach differs from conventional methods by focusing on the chemical kinetics of the protein misfolding process, aiming to block the generation of these harmful oligomers at their source. This strategy addresses the challenge that these oligomers are highly transient and difficult to target with traditional drug discovery techniques.

WaveBreak is advancing lead programs targeting α-synuclein for Parkinson's disease and amyloid-β for Alzheimer's disease. The company operates from headquarters in Boston, MA, and maintains a presence in Cambridge, UK. It has raised significant funding through multiple rounds, including a Series A round, to advance its pipeline and platform. The business model is centered on the discovery, development, and eventual commercialization of its novel therapeutics to address substantial unmet medical needs in the neurodegenerative space.

Keywords: neurodegenerative diseases, small-molecule therapeutics, protein misfolding, drug discovery, Alzheimer's disease, Parkinson's disease, ALS, oligomers, chemical kinetics, biopharmaceutical, α-synuclein, amyloid-β, drug development, transient protein intermediates, neurotoxicity, Cambridge spin-out, Boston biotechnology, clinical translation, therapeutic pipeline, Lewy body dementia.

Company overview

WaveBreak company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2016
Headquarters
Cambridge, United Kingdom
Employees
7
Open positions
None listed
Dealroom signal
63.0
client focusb2bsub industryPharmaceuticalsub industryBioTechnologysectorPersonal HealthsectorDiabetesbusiness modelManufacturingindustryHealthsectorBiotechnologysectorNeurologysectorSpinoutsectorBiotech and PharmasectorHard TechsectorLongevitysectorproteomics

Valuation & funding

WaveBreak funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCEquity / VC Jan 2021 $16M $119M Schooner Capital · Lifeforce Capital · Industry Ventures · The Baupost Group
SERIES AEquity / VC Jan 2019 $24M $95M Lifeforce Ventures · The Baupost Group
SEEDEquity / VC Jan 2017 Undisclosed
SPINOUTOther financing Jan 2016 $0 Cambridge Enterprise · University of Cambridge
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Financials

Revenue, earnings and profit over time

Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $8.2M 0% −$23M -277% −$23M -276.9%
2025 $8.2M 0% −$23M -277% −$23M -276.9%
2024 $8.2M 0% −$23M -277% −$23M -276.9%
2023 $8.2M +353.2% −$23M -277%
2022 $1.8M -74.6% −$23M -1255.6%
2021 $7.1M +819.8% −$9.9M -138.9%
2020 $774K −$8.4M -1083.5%
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Growth signals

WaveBreak website traffic

Latest recorded traffic for WaveBreak is 220 monthly website visits, down 29% over the last three months. WaveBreak's team declined 36.4% over the past year.

Latest monthly visits220 3-month web change-29% 1-year team growth-36.4%
Monthly website visits73 observations · Feb 2018–Mar 2025
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Comparisons

WaveBreak compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

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Talent graph

WaveBreak's talent

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Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 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.

Investors

7 investors on WaveBreak's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Series A 5 investors entered at this stage
The Baupost Group
Lifeforce Ventures
Schooner Capital
Lifeforce Capital
Industry Ventures
Other known 2 additional known investors
Cambridge Enterprise
University of Cambridge

Global footprint

Where WaveBreak has talent and traffic

Workforce by country
2 countries with
team presence
🇬🇧 United Kingdom66.7%
🇺🇸 United States33.3%
2 countries shown

In the news

Latest news about WaveBreak

Recent press, funding announcements, and product moves mentioning WaveBreak — open to read from the original sources.

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Market sentiment

What the market is saying about WaveBreak

An AI-synthesized read of the highest-engagement posts about WaveBreak on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

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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