Enveda

Enveda

Natural-product drug discovery platform leveraging ML

Overview

Enveda Biosciences uses machine learning, metabolomics, and robotics to explore the largely untapped natural world for drug discovery. Its main asset is a proprietary high-throughput platform that runs many experiments to generate a comprehensive dataset of small molecules, including their chemical structures, biological activity, and how they distribute in organs. This data helps identify potential drug leads quickly and supports partnerships with healthcare and pharmaceutical companies through collaborations and licensing of discoveries. Unlike many rivals, Enveda focuses on expanding knowledge of natural product chemistry beyond the small portion already known, aiming to accelerate the pace of drug discovery by systematically exploring natural chemical space and building a pipeline for its partners.

About Enveda

Simplify's Rating
Why Enveda is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Robotics & Automation

Biotechnology

Healthcare

Company Size

201-500

Company Stage

Series D

Total Funding

$534.8M

Headquarters

Boulder, Colorado

Founded

2019

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Simplify's Take

What believers are saying

  • March 2026 Phase 1b ENV-294 data was positive in moderate-to-severe atopic dermatitis.
  • FDA cleared ENV-308 in 2026; Enveda dosed its first obesity-trial patient.
  • Headcount reached 420 in March 2026, and hiring stayed active.

What critics are saying

  • ENV-294 still needs Phase 2b proof, and atopic dermatitis crowds AbbVie and Sanofi.
  • Obesity and IBD programs face fast followers from Lilly, Novo Nordisk, and Pfizer.
  • One clinical failure can crush Enveda's valuation because every platform claim depends on trials.

What makes Enveda unique

  • Enveda's AI platform mines life's chemistry, not synthetic libraries, for first-in-class molecules.
  • By March 2026, Enveda advanced 10 development candidates into a clinical pipeline.
  • Microsoft collaboration and Phlow chemistry partnership widen its data and manufacturing moat.

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Funding

Total Funding

$534.8M

Above

Industry Average

Funded Over

10 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$150M
Enveda

Benefits

Traditional or Roth 401k matching of 4% (100% of your contributions up to 4% of your annual compensation)

Medical, dental and vision insurance. 100% coverage of employee premiums and 33% coverage of dependents

Unlimited paid time off

Flexible work hours and paid parental leave

Company-wide weeklong break to recharge in addition to 8 observed holidays

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

0%
Business Wire
Apr 15th, 2026
Enveda appoints Christopher K. Porter as SVP of Clinical Operations

Enveda, a biotechnology company using AI-driven drug discovery from nature, has appointed Christopher K. Porter as Senior Vice President of Clinical Operations. Porter brings extensive experience in clinical development strategy and operational transformation across multiple therapeutic programmes. Porter joins as Enveda advances multiple clinical-stage assets and builds infrastructure for its expanding pipeline. Most recently, he served as Vice President of Development Strategy and Innovation at Theravance Biopharma, where he restructured development operations across three programmes encompassing nine late-phase global trials, delivering substantial efficiency gains. Previously, Porter co-founded and led Clinipace Worldwide as President and COO, scaling the international CRO to over 800 employees across 30 countries. He holds an MBA and JD from the University of North Carolina at Chapel Hill.

Business Wire
Sep 5th, 2025
Enveda Raises $150M Series D Funding to Reach Unicorn Status, Enrolls First Patient in Lead Program, and Adds Mikael Dolsten to Board of Directors

Enveda raises $150M Series D, reaches unicorn status, enrolls first patient in clinical trials, and adds former Pfizer CSO Mikael Dolsten to board.

Endpoints News
Sep 4th, 2025
Enveda Biosciences Secures $150M Funding

Enveda Biosciences, a Colorado biotech, has secured an additional $150 million for its I&I drug and a wide-ranging pipeline of preclinical assets. The company has grown from an initial $50k "pre, pre-seed" investment to $517 million in total funding, achieving unicorn status.

Informa TechTarget
Sep 4th, 2025
Enveda Biosciences raises $150M for drugs

Enveda Biosciences raised $150 million in Series D funding, doubling its venture capital intake this year. The round was led by Premji Invest and included investors like Kinnevik and Lux Capital. Enveda has begun Phase 1b trials for its lead drug candidate in atopic dermatitis and plans to enter more drugs into human trials soon. The company aims to file investigational new drug applications for other programs over the next year.

AgFunder
May 20th, 2025
Corteva: Ai Can Transform Crop Protection To Replace ‘Randomness And Chance’ With ‘Prediction, Specificity And Design’

AI is helping Corteva Agriscience dramatically accelerate the development of new crop protection products by modeling proteins and molecules with “unprecedented speed and accuracy,” an exec told a congressional subcommittee this morning. Speaking at a House Environment Subcommittee hearing on innovations in agrichemicals, Brian Lutz, PhD, VP agricultural solutions at Corteva, said AI had “revolutionized discovery by allowing us to trade randomness and chance for prediction, specificity and design.”. Predicting the structure of proteins in seconds

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