Ona Therapeutics

ona-therapeutics.com ↗ ·Barcelona ·Series B

Ona Therapeutics is a Barcelona-based clinical-stage biotech developing first-in-class antibody-drug conjugates (ADCs) and antibodies against advanced and treatment-resistant solid tumours, built on research into metastasis-initiating cells and lipid metabolism. Spun out of IRB Barcelona and ICREA in 2019, it runs three internal ADC programmes (ONA-255 for breast cancer and solid tumours, ONA-389, and dual-payload ONA-418). It raised a €30M Series A in 2020 and an oversubscribed €74.2M (~$86.6M) Series B in June 2026, one of the largest life-sciences rounds in Catalonia.

Founded
2019
Founders
2
Total funds raised
€116M
Rounds
4
Investors
11
Last round
Jun 2026
SectorsBiotech, Oncology, Antibody-Drug Conjugates, Pharmaceuticals, Life Sciences Start-up MapHealthtech & Bio › Drug discovery & therapeutics developers

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Founders

Salvador Aznar Benitah
Scientific Co-founder (ICREA Research Professor, IRB Barcelona)
Valerie Vanhooren
Co-founder & Chief Executive Officer

Global models 5

Tubulis
Germany · tubulis.com ↗
Venture-backed clinical-stage biotech developing its own antibody-drug conjugates (ADCs) against solid tumours, on the path to licensing or selling its programmes to large pharma.
~$580MComparable
Avenzo Therapeutics
United States · www.avenzotx.com ↗
Venture-backed oncology biotech advancing its own ADC and targeted-therapy programmes for solid tumours through clinical trials.
~$236MComparable
Callio Therapeutics
United States · www.calliotx.com ↗
Develops its own dual-payload ADCs for treatment-resistant solid tumours, the same approach as Ona's ONA-418.
~$187MComparable
Adcendo
European venture-backed biotech developing first-in-class ADCs against new solid-tumour targets, taking its own programmes into the clinic.
~$140MComparable
Pheon Therapeutics
United Kingdom · www.pheontx.com ↗
European venture-backed biotech developing next-generation ADCs for hard-to-treat solid tumours, aiming to license or sell its programmes to pharma.
~$120MComparable

In the same niche 67 others

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Notes: Most funded first

Investors 11

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Funding rounds 4

DateRoundAmountLead
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