Exciva GmbH is a clinical-stage biopharmaceutical company based in Heidelberg, Germany, developing novel therapeutic compounds for the treatment of neuropsychiatric conditions. Founded in 2016 by Drs. Anton Bespalov, Hans Moebius and Rao Vepachedu, the company is focused on addressing neuropsychiatric symptoms in Alzheimer's disease dementia and other brain disorders. Its lead candidate, Deraphan (EXV-802), is a fixed-dose combination of two clinically validated CNS-active products including a novel chemical entity (NCE) being developed for agitation in patients with Alzheimer's disease. Deraphan received FDA Fast Track designation and a Phase 1 trial demonstrated safety and tolerability; a Phase 2 trial is being conducted across the UK, US, Canada and Europe.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2016
Employees
11–50
Total Funding
$72M
2 rounds
Total raised $72M across 2 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series B
Date
January 20, 2026
Amount
EUR 53M (~$62M)
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| January 20, 2026 | Series B | EUR 53M (~$62M) | — | Gimv, EQT Life Sciences |
| October 26, 2021 | Series A | EUR 9M (~$10M) | — | Andera Partners |
Francois Conquet
Chief Executive Officer
Mark Altmeyer
Chairman of the Board
Nadine Knowles
Chief Operating Officer
Anton Bespalov
Co-Founder
Hans Moebius
Co-Founder
Rao Vepachedu
Co-Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Otsuka Pharmaceutical
Developer of Rexulti (brexpiprazole), the first FDA-approved treatment for agitation associated with Alzheimer's disease dementia; primary marketed competitor to Exciva's Deraphan program.
Lundbeck
Danish CNS-focused pharma with a portfolio in Alzheimer's-related symptomatology and neuropsychiatry; co-marketer of brexpiprazole and an active competitor in dementia-associated agitation.
Axsome Therapeutics
US clinical-stage CNS company developing AXS-05 (dextromethorphan/bupropion) for Alzheimer's disease agitation, in late-stage development competing with Exciva's Deraphan.
BioXcel Therapeutics
Clinical-stage biopharma developing BXCL501 (sublingual dexmedetomidine) for acute treatment of agitation in dementia patients.
Acadia Pharmaceuticals
CNS-focused biopharma with Nuplazid (pimavanserin) approved for Parkinson's disease psychosis and continued development in dementia-related neuropsychiatric symptoms.
Eisai
Japanese pharma developing dementia-related therapies including Leqembi (lecanemab) for Alzheimer's disease; broader CNS competitor with extensive Alzheimer's franchise.
No. Exciva is a private company and does not have a public stock ticker or trade on a public stock exchange. Its shares are generally held by founders, employees, investors, and other private shareholders. Buyers and sellers may be able to transact in Exciva shares through private secondary transactions, but any transaction depends on share availability, buyer and seller agreement, transfer restrictions, company approval rights, and any applicable right of first refusal. There is no guarantee that Exciva will complete an IPO or other liquidity event.
Yes, it is sometimes possible to buy Exciva shares pre-IPO through private secondary transactions. This depends on finding a willing seller, company approval, and satisfying any transfer restrictions or rights of first refusal.
Buyers interested in buying Exciva shares on the secondary market typically do so through SetterVC and other secondary-market platforms, subject to eligibility requirements, share availability, transfer restrictions, and issuer approval. Buyers may need to satisfy sophistication, accreditation, institutional, platform, regulatory, or other eligibility requirements before participating. Once eligible, buyers may be able to view listings, make bids, and work with a licensed broker through the transaction process. Buyers should ensure they have appropriate legal and financial advisors guiding them before completing any transaction.
Exciva's latest disclosed funding round was a Series B round in January 20, 2026. The round raised approximately EUR 53M (~$62M), with Gimv and EQT Life Sciences listed as disclosed lead or major investors. Primary funding rounds are different from secondary transactions: in a primary round, capital goes to the company, while in a secondary transaction, investors buy existing shares from current shareholders. Funding-round data reflects publicly reported or collected information and may be incomplete.
Exciva has raised approximately $72M in disclosed funding across 2 rounds. These figures reflect primary capital raised by the company and do not include every possible secondary transaction, undisclosed round, debt facility, or private transfer. Reported funding totals can change as new rounds are announced or older round details are corrected. Eligible users can use SetterVC to track Exciva's funding history alongside private-market activity where available.
Exciva's disclosed investors include Gimv, EQT Life Sciences and Andera Partners. Investor lists are based on public reporting, company announcements, and collected funding-round data, and may be incomplete. Participation in a prior funding round does not mean those investors are currently buying or selling shares. On SetterVC, eligible users can review Exciva's funding history, valuation history, and private-market activity alongside other venture-backed companies.
Exciva's most-cited competitors include Otsuka Pharmaceutical, Lundbeck, Axsome Therapeutics, BioXcel Therapeutics, Acadia Pharmaceuticals and Eisai. Investors often compare these companies by sector, product focus, valuation, funding raised, growth signals, investor base, and private-market activity.
Secondary-market demand for Exciva shares can be affected by company performance, revenue growth, profitability, funding history, valuation, investor interest, sector momentum, public-market conditions, expected timing of a liquidity event, and the availability of shares for sale. Demand can also be affected by transfer restrictions, company approval rights, right of first refusal processes, limited information, and the price expectations of buyers and sellers. Strong demand does not guarantee strong pricing, liquidity, or investment returns. Weak demand does not necessarily reflect the company's long-term prospects. Demand signals should not be treated as a recommendation or prediction of investment performance. Buyers and sellers should treat demand signals as informational and conduct their own diligence before transacting.
Sellers often rely on intermediaries and platforms, such as SetterVC and other secondary-market platforms, to identify potential buyers. The exact process varies by company and transaction, but sellers often begin by confirming their ownership, desired price, transferability, and any company approval or notice requirements. If the seller agrees with a buyer on acceptable price and terms, the company may need to be notified through a share transfer notice or similar process. If a right of first refusal, company approval right, or other transfer restriction applies, the seller may need to wait until that process is completed. The parties may then execute a purchase and sale agreement, complete required transfer documentation, and close if all required conditions are satisfied. Sellers should always seek proper legal and financial advice before completing the transaction.
Yes, current and former Exciva employees, early investors, and other existing shareholders may be able to sell vested shares before an IPO through a private secondary sale. This is not automatic; it depends on whether the shareholder has transferable shares, whether there is buyer demand, and whether the company's governing documents permit the transfer. Many companies require prior notice, company approval, or a right of first refusal before shares can be sold. Sellers should also seek proper legal and financial advice before proceeding.
A Exciva secondary transaction usually involves an existing shareholder selling shares to a buyer before a public listing. The buyer and seller typically agree on price, number of shares, share class, and closing conditions. The seller may then need to notify Exciva through a share transfer notice or similar process. If Exciva or existing investors have approval rights, transfer restrictions, or a right of first refusal, those steps may need to be completed before the transfer can close. The parties typically enter into a purchase and sale agreement, complete any required transfer documentation, and close only if the necessary conditions are satisfied. Timing and certainty can vary by company and transaction.
In most private secondary transactions, parties commonly use a purchase and sale agreement that outlines price, terms, and conditions. They may also use share transfer documentation, often a stock transfer notice, share transfer notice, transfer instruction, or similar document, along with any required company approval or right of first refusal materials. Proof of ownership, such as a cap table entry, share certificate, brokerage statement, issuer confirmation, or administrator confirmation, may also be important. Buyers often request recent company financials, but private companies may limit disclosure. Since every deal varies, buyers and sellers should consult legal and financial advisors to understand which documents are needed.
Buying Exciva shares pre-IPO is risky. Shares are illiquid, no IPO or liquidity event is guaranteed, valuations can change, transfers may require company approval, and private companies may provide limited financial disclosure. Be prepared for total loss. SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, verify information, and seek independent legal and investment advice before proceeding.
Private secondary shares are typically illiquid. Unlike public stocks, there is no active public market, so selling them can be difficult and time-consuming. Sales depend on finding a willing buyer and often require company approval. Investors should be prepared to hold the shares for an extended period, with no guarantee of a future sale. Always assess your need for liquidity before investing.
SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, including verifying ownership, transferability, legal structure, company approval, and assessing the company's prospects. SetterVC and Setter Capital do not provide advice on whether an investment is good, what price to pay, or what the best bid or ask is. SetterVC and Setter Capital may share documents in some circumstances, but it does not guarantee their accuracy or completeness. Due diligence is essential. Seek legal and investment advice as needed.
Before buying Exciva shares, a buyer should try to review the share class, price per share, implied valuation, transfer restrictions, ROFR process, company approval rights, seller ownership evidence, recent financing or tender-offer information, available financial information, information rights, resale restrictions, tax considerations, and expected liquidity paths. Not all information may be available for a private company. Buyers should confirm available diligence, process details, and information needs with their own legal, tax, and investment advisers.
SPVs carry risks. Examples include the need to confirm the company allows SPV-based transfers, verify that the SPV truly owns the shares or interests it claims to own, and ensure it has not sold more interests than it holds. Due diligence is essential. Seek legal and investment advice as needed.
Forward contracts carry risks. Examples include the seller refusing to transfer the shares at the future date, even if the seller owns them, the seller going bankrupt with creditors claiming the shares, or the seller committing the same shares to multiple parties. Due diligence is essential. Seek legal and investment advice as needed.
Access live market data
Sign UpData collected with AI, which can make mistakes. Please double-check this information.