# Hydra Biosciences: Research, Cambridge, United States

> Hydra Biosciences: Hydra Biosciences is a biopharmaceutical company based in Cambridge, Massachusetts, founded in 2001. Based in Cambridge, United States.

Source: https://millionrounds.com/startup/hydra-biosciences (Millionrounds; every figure on the page links to its filing or article)

United States · [Research startup](https://millionrounds.com/companies)

# Hydra Biosciences

Hydra Biosciences is a biopharmaceutical company based in Cambridge, Massachusetts, founded in 2001.

Funding reported Last round: Series E

Research Cambridge, United States

Company summary

- **Founded:** 2001 25 years old
- **Team:** 8 1 to 10 people
- **Funding reported:** $114M in dollars
- **Last round:** Series E Mar 2015

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Hydra Biosciences has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Hydra Biosciences

Hydra Biosciences is a biopharmaceutical company based in Cambridge, Massachusetts, founded in 2001.

The company focuses on developing innovative drugs to address unmet medical needs in areas such as pain, inflammation, anxiety, pulmonary diseases, depressive disorders, renal fibrosis, and heart tissue regeneration. Hydra Biosciences has pioneered drug discovery through proprietary platforms that target Transient Receptor Potential (TRP) ion channels and molecular regeneration techniques. The company has developed a pipeline of therapeutics, including HC-070, which is in Phase 1 for depressive disorder, and BI-749327, currently in preclinical development for renal fibrosis. As of now, Hydra Biosciences is in the Asset Sale stage, having sold its programs and assets. The company has raised a total of $95.18 million in funding, with notable investments from firms like NEA and Eli Lilly, which acquired its pre-clinical pain program.

## What company datasets say Hydra Biosciences raised

Funding, as reported

Reported in all **$114M** in dollars

Last round **Series E**

Last round size **$11M**

Last round date **Mar 2015**

SEC Form D **$11M sold, 2 filings, last Jun 2019**

## Founders and team

From the SEC filings it signed: 1 on the team.

- **Russell Herndon** Executive Officer, Director i

On the board, as filed i *Paul Goldenheim* *Robert Carpenter* *Steven Hall* *Vincent Miles*

## On a portfolio page

Investors who name them

- [Lightstone Ventures](https://millionrounds.com/fund/lightstone-ventures)

Each firm lists Hydra Biosciences on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

biotechnology research biotechnology ion channel electrophysiology transient receptor potential biology transient receptor potential chemistry life sciences

Built with from their website

Google Cloud Viewport Meta Network Solutions Microsoft Exchange Microsoft 365 Apps & Services Mobile Friendly Google Cloud CDN Microsoft Exchange Online Nginx Google Cloud Load Balancing

+4 more

Microsoft 365 Outlook PHP Microsoft Email Providers

- **Sector:** Research
- **Industry code:** NAICS 541714, SIC 8731
- **Region:** Massachusetts
- **Revenue:** $8.0M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/hydra-biosciences)

## Research in United States

Startups like it

- [**OpenAI** San Francisco · founded 2011 *Raised*](https://millionrounds.com/company/openai)
- [**Retro Biosciences** Redwood City · founded 2021 *Raised*](https://millionrounds.com/company/retro-biosciences)
- [**NewLimit** South San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/newlimit)
- [**Pathos** New York · founded 2022 *Raised*](https://millionrounds.com/company/pathos)
- [**Colossal Biosciences** Dallas · founded 2021 *Raised*](https://millionrounds.com/company/colossal-biosciences)
- [**Oratomic** South Pasadena *Raised*](https://millionrounds.com/company/oratomic)
- [**Beeline Medicines** Stamford · founded 2025 *Raised*](https://millionrounds.com/company/beeline-medicines)
- [**Element Biosciences** San Diego · founded 2017 *Raised*](https://millionrounds.com/company/element-biosciences)

## Is this your company?

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