Release2026-09-23

Enveda raised a $311M Series E at a $2B valuation. Catalio Capital Management led the round. Iconiq and others also participated. The valuation doubled in 12 months. Enveda uses AI to discover drugs from plants and microbes. It is testing drugs for severe skin conditions. It is also testing a drug to maintain weight loss after stopping GLP-1s. No AI-discovered drug has yet gained FDA approval.

What changed

Enveda was valued at $1B 12 months ago.

What it unlocks

Advancing more nature-derived AI drugs into human clinical trials.

  • $311M Series E
  • $2B valuation
  • valuation doubled in 12 months

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