# Adial Pharmaceuticals funding: rounds and investors

> Adial Pharmaceuticals has raised $43M across 4 rounds since 2011. Every round with its source.

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

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

# Who invested in *Adial Pharmaceuticals*

4 rounds we have observed, with the 0 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

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Mental Health

Raised 5 months ago

Funding summary Updated 27 Oct 2026

**$43M** raised across 4 rounds since 2011, from 4 sources

**$4.1M** Venture **$2.6M** Venture **$4.3M** Round **$32M** Round

- **Latest round:** Round, $32M Jun 2026
- **Step-up i:** 7.5×
- **Investors:** 0

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2011 2013 2015 2017 2019 2021 2023 2025

**$4.1M** Venture

**$2.6M** Venture

**$4.3M** Round

**$32M** Round

- **First round:** Venture, $4.1M
- **Biggest round:** $32M
- **Usual gap between rounds:** 2.6 years

## The rounds

- **Jun 2026** Round **$32M** No investor was named in the report. Source recorded
- **Nov 2025** Round **$4.3M** No investor was named in the report. Filed with the SEC (Form D); no report of this raise yet SEC filing: $4.3M sold, first sale Nov 2025
- **Oct 2013** Venture **$2.6M** No investor was named in the report. Reported by sec.gov SEC filing: $2.6M sold, first sale Jun 2013
- **Mar 2011** Venture **$4.1M** No investor was named in the report. Reported by sec.gov SEC filing: $4.1M sold, first sale Mar 2011

## Quick answers about Adial Pharmaceuticals

### How much has Adial Pharmaceuticals raised?

Adial Pharmaceuticals has raised $43M across 4 rounds since 2011.

### When did Adial Pharmaceuticals last raise?

Adial Pharmaceuticals's most recent round was an Undisclosed round of $32M in Jun 2026.

### What was Adial Pharmaceuticals's biggest round?

Its most recent round, $32M in Jun 2026, is also its largest on record.

### What stage is Adial Pharmaceuticals at?

Adial Pharmaceuticals's latest named round is an Undisclosed round, in Jun 2026.

### Where is Adial Pharmaceuticals based?

Adial Pharmaceuticals is based in the United States.

## Companies like Adial Pharmaceuticals

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

[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Allswell** $15M · Oct 2026](https://millionrounds.com/company/allswell)[**Handspring Health** $31M · Jul 2026](https://millionrounds.com/company/handspring-health)[**Antelope Recovery** $380K · Jul 2026](https://millionrounds.com/company/antelope-recovery)[**Ember Health** $250K · Jun 2026](https://millionrounds.com/company/ember-health)[**The Path** $14M · May 2026](https://millionrounds.com/company/the-path)

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