# Adaptive Phage Therapeutics funding: rounds and investors

> Adaptive Phage Therapeutics has raised $12M across 1 round since 2023. Investors include LD Capital, Deerfield and Alexandria Venture Investments.

Source: https://millionrounds.com/company/adaptive-phage-therapeutics (Millionrounds; every figure on the page links to its filing or article)

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

# Who invested in *Adaptive Phage Therapeutics*

One round we have observed, with the 4 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech

Funding summary Updated 26 Oct 2026

**$12M** raised across 1 round since 2023, from 1 source

- **Latest round:** Series B, $12M Jun 2023
- **Investors:** 4

See who backed them

## The rounds

- **Jun 2023** Series B **$12M** [LD Capital](https://millionrounds.com/fund/xie) [Deerfield](https://millionrounds.com/fund/deerfield) [Alexandria Venture Investments](https://millionrounds.com/fund/alexandria-venture-investments) [Mayo Clinic](https://millionrounds.com/fund/mayo-clinic) Source recorded SEC filing: $12M sold, first sale May 2023

## Founders and team

From the SEC filings it signed: 3 on the team.

- **Gregory L. Merril** Executive Officer, Director, Promoter i
- **Michael L. Orndorff** Executive Officer i
- **Subhendu L. Basu** Executive Officer i

On the board, as filed i *Carl R. Merril* *Evan L. Loh* *Ian L. Hardy* *Jana L. Jensen* *Jesse L. Goodman* *Jonathan L. Leff* *Martin L. Heidecker* *Raymond L. Martz*

## Everyone who backed them

[LD Capital](https://millionrounds.com/fund/xie) VC firm **1** round

[Deerfield](https://millionrounds.com/fund/deerfield) VC firm **1** round

[Alexandria Venture Investments](https://millionrounds.com/fund/alexandria-venture-investments) VC firm **1** round

[Mayo Clinic](https://millionrounds.com/fund/mayo-clinic) Investment firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=adaptive-phage-therapeutics).

## Quick answers about Adaptive Phage Therapeutics

### Who invested in Adaptive Phage Therapeutics?

Adaptive Phage Therapeutics's investors include LD Capital, Deerfield, Alexandria Venture Investments and Mayo Clinic.

### How much has Adaptive Phage Therapeutics raised?

Adaptive Phage Therapeutics has raised $12M across 1 round since 2023.

### When did Adaptive Phage Therapeutics last raise?

Adaptive Phage Therapeutics's most recent round was a Series B of $12M in Jun 2023.

### What was Adaptive Phage Therapeutics's biggest round?

Its most recent round, $12M in Jun 2023, is also its largest on record.

### Who backed Adaptive Phage Therapeutics first?

Adaptive Phage Therapeutics's first round on record, in Jun 2023, was backed by LD Capital, Deerfield and Alexandria Venture Investments and 1 others.

### What stage is Adaptive Phage Therapeutics at?

Adaptive Phage Therapeutics's latest named round is a Series B, in Jun 2023.

### Where is Adaptive Phage Therapeutics based?

Adaptive Phage Therapeutics is based in the United States.

## Companies like Adaptive Phage Therapeutics

In the same sector, and raised in the last eighteen months.

[**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Promaxo** $106M · Oct 2026](https://millionrounds.com/company/promaxo)[**Prolific Machines** $105M · Oct 2026](https://millionrounds.com/company/prolific-machines)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)[**Clinical Ink** $24M · Oct 2026](https://millionrounds.com/company/clinical-ink)[**Rejuvenate Bio** $13M · Oct 2026](https://millionrounds.com/company/rejuvenate-bio)

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