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WaveBreak

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Small-molecule therapeutics for neurodegenerative diseases

Cambridge, United KingdomFounded 2016Biotech & Life Sciences
Valuation $100–250M Last recorded · 2021
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for WaveBreak and the history behind them.

About WaveBreak

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.

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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.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
Cambridge, United Kingdom
Employees
7
Open positions
None listed
Dealroom signal
63.0/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Personal Health, Diabetes, Biotechnology, Neurology, Spinout, Biotech and Pharma, Hard Tech, Longevity, proteomics
Business model
Manufacturing
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Jan 2021 $16M $119M Schooner Capital · Lifeforce Capital · Industry Ventures · The Baupost Group —
SERIES A✓Equity / VC Jan 2019 $24M $95M Lifeforce Ventures · The Baupost Group —
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Financials

Revenue, earnings and profit over time

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

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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%
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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

7 investors on the cap table

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

Series A5 investors entered at this stage

  • The Baupost Group
  • Lifeforce Ventures
  • Schooner Capital
  • Lifeforce Capital
  • Industry Ventures

Other known investors2 additional known investors

  • Cambridge Enterprise
  • University of Cambridge
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.

Global footprint

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

Market sentiment

Posts on X, past 7 days

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