Eliem Therapeutics is a technology company.
Eliem Therapeutics has raised $140.0M across 2 funding rounds.
Eliem Therapeutics has raised $140.0M in total across 2 funding rounds.
Eliem Therapeutics is a clinical-stage biotechnology company developing novel therapies targeting neuronal excitability disorders, including chronic pain, neuropsychiatry, epilepsy, and nervous system conditions caused by neuronal imbalance.[1][2][3] It focuses on proprietary peptide and small-molecule drug candidates like ETX-810 (for chronic pain), ETX-155 (for major depressive disorder and seizures), and ELI-200 (for spasticity and neuropathic pain in spinal cord injury), serving patients with unmet needs in pain management and CNS disorders.[1][2] The company, publicly traded on NASDAQ (ELYM) with a market cap of about $59 million as of recent data, has raised $230 million total funding and recently rebranded to Climb Bio, Inc., shifting emphasis toward immune-mediated diseases.[2][3]
Founded in 2018 and initially headquartered in Redmond, Washington (with mentions of San Diego, California, and Wilmington, Delaware), Eliem Therapeutics emerged to translate neuroscience research into therapies restoring neuronal homeostasis.[1][2][3] The leadership team brings expertise in drug development, regulatory strategy, and commercialization, collaborating with academic institutions and contract research organizations.[2] Key pivots include advancing a pipeline from preclinical programs in pain, epilepsy, depression, and anxiety to clinical-stage candidates, culminating in a 2025 rebranding to Climb Bio to focus on immune-mediated diseases, marking a strategic evolution.[3]
Eliem rides the wave of neuroscience and CNS therapeutics innovation, targeting neuronal excitability imbalances amid rising demand for non-opioid pain treatments and better neuropsychiatric options.[1][2][3] Timing aligns with post-pandemic focus on mental health, epilepsy, and spinal cord injury sequelae, fueled by advances in peptide/small-molecule delivery and regulatory pushes for novel CNS drugs. Market forces like aging populations and opioid crises favor its pipeline, while its rebrand to Climb Bio positions it in the expanding immune-mediated disease space, influencing biotech by demonstrating adaptive strategies in volatile clinical development.[3]
Eliem (now Climb Bio) is poised for clinical milestones with ELI-200 and pipeline expansions, potentially driving stock recovery from recent lows amid biotech volatility.[2] Trends like precision CNS targeting and immunology convergence will shape its path, with influence growing through first-in-class approvals if preclinical data translates. Watch for Phase 1 readouts and partnerships to catalyze growth, evolving from neuronal focus to broader therapeutic impact—reinforcing its role as an agile biotech innovator.[1][2][3]
Eliem Therapeutics has raised $140.0M in total across 2 funding rounds.
Eliem Therapeutics's investors include 5AM Ventures, Access Biotechnology, Vasudev Bailey, Canaan Partners, Connecticut Innovations, Endeavor Venture Funds, Negev Capital, Nextech Invest, OrbiMed, PsyMed Ventures, RA Capital.
Eliem Therapeutics has raised $140.0M across 2 funding rounds. Most recently, it raised $60.0M Series B in May 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2021 | $60.0M Series B | 5AM Ventures, Access Biotechnology, Vasudev Bailey, Canaan Partners, Connecticut Innovations, Endeavor Venture Funds, Negev Capital, Nextech Invest, OrbiMed, PsyMed Ventures, RA Capital | |
| Mar 1, 2021 | $80.0M Series A | 5AM Ventures, Access Biotechnology, Vasudev Bailey, Canaan Partners, Connecticut Innovations, Endeavor Venture Funds, Negev Capital, Nextech Invest, OrbiMed, PsyMed Ventures, RA Capital |