/Companies

Prelude Therapeutics

NASDAQ: PRLDUnicorn · $2.8B

Newark, US · Founded 2016 · Delaware corporation · 101 employees on LinkedIn · 2 known investors

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Prelude Therapeutics is a precision oncology company developing cancer treatments for areas of high unmet need, with a pipeline including selective KAT6A degraders and mutant-selective JAK2V617F JH2 inhibitors. It also applies targeted protein degradation expertise to develop next-generation degrader antibody conjugates (DACs).

Founders & leadership

Prelude Therapeutics was founded in 2016 by Krishna Vaddi.

KV
Krishna VaddiFounder

Board

DBDavid Bonita
David BonitaDirector of IssuerGeneral Partner at OrbiMed
PF
Paul FriedmanDirector of Issuer

Investors · 2

Reported raises · per SEC filings

Form D private placements

$115M disclosed across 4 rounds · 2016–2020

▶$50MraisedAug 2020 · 7 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • David BonitaDirector
  • Victor SandorDirector
  • Peggy ScherleExecutive Officer
  • Christopher PierceExecutive Officer
  • Deborah MorosiniExecutive Officer
  • Krishna VaddiExecutive Officer, Director
  • Brian PiperExecutive Officer
  • Mardi C. DierDirector
  • Paul FriedmanDirector
  • Kelvin NeuDirector
  • David MauroExecutive Officer
  • Andrew CombsExecutive Officer
Offering amount
$50M
Amount sold
$50M
First sale
Aug 2020
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$30MraisedJun 2019 · 6 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Krishna VaddiExecutive Officer, Director
  • David MauroExecutive Officer
  • Peggy ScherleExecutive Officer
  • Kelvin NeuDirector
  • David BonitaDirector
  • Paul FriedmanDirector
Offering amount
$60M
Amount sold
$30M
First sale
May 2019
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$30MraisedAug 2018 · 7 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Juan LuengoExecutive Officer
  • David BonitaDirector
  • Paul FriedmanDirector
  • Kelvin NeuDirector
  • Krishna VaddiExecutive Officer, Director
Offering amount
$30M
Amount sold
$30M
First sale
Oct 2017
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$5MraisedJul 2016 · 8 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Krishna VaddiExecutive Officer, Director
  • Paul FriedmanDirector
  • David BonitaDirector
Offering amount
$5M
Amount sold
$5M
First sale
Jun 2016
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$2.8Bvaluation at IPOJan 2021 · $60.00/share · 424B4
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Related companies · 3

Companies working in the same space as Prelude Therapeutics.

Frequently asked questions

What does Prelude Therapeutics do?
Prelude Therapeutics is a precision oncology company developing cancer treatments for areas of high unmet need, with a pipeline including selective KAT6A degraders and mutant-selective JAK2V617F JH2 inhibitors. It also applies targeted protein degradation expertise to develop next-generation degrader antibody conjugates (DACs).
Who founded Prelude Therapeutics?
Prelude Therapeutics was founded by Krishna Vaddi in 2016.
Who are Prelude Therapeutics's investors?
Prelude Therapeutics's investors include OrbiMed, The Innovation Space.
How much funding has Prelude Therapeutics raised?
Prelude Therapeutics has disclosed $115M raised across 4 rounds.
Where is Prelude Therapeutics headquartered?
Prelude Therapeutics is headquartered in Newark, US.