Allyx Therapeutics

New Haven, CT · Founded 2018 · Privately Held (backing)

Developer of a therapeutic drug designed to reverse neurodegeneration. Allyx Therapeutics is based in New Haven, CT and was founded in 2018. Its last reported valuation was $32.3 million in Feb 2023. It has raised $13.2 million across 4 recorded rounds; the latest was a $26.4 million early-stage round in May 2026.

Last reported valuation
$32.3M
Oct 2026
Priced at
—
Total raised
$13.2M
Last round
Early Stage VC
May 2026

Who backs Allyx Therapeutics?

10 investors
InvestorType
National Institutes of HealthOther
Connecticut InnovationsVenture capital
Bristol-Myers Squibb—
Spring Mountain CapitalGrowth equity
Elm Street Ventures—
Harrington Discovery Institute/University Health Holdings—
Life Science Angels—
The National Institute on Aging (NIA)—
U.S. Department of Health and Human Services—
University of Connecticut Technology Incubation Program—
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Allyx Therapeutics investors

10 investors are on record for Allyx Therapeutics, including National Institutes of Health, Connecticut Innovations, Bristol-Myers Squibb and Spring Mountain Capital. The early-stage round in May 2026 drew 32 investors.

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