# ARS Pharmaceuticals funding: rounds and investors

> ARS Pharmaceuticals has raised $100M across 1 round since 2025. Investors include RA Capital Management, Deerfield and SR One. Every round with its source.

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

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

# Who invested in *ARS Pharmaceuticals*

One round we have observed, with the 3 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.

Pharma

Funding summary Updated 26 Oct 2026

**$100M** raised across 1 round since 2025, from 1 source

- **Latest round:** Debt, $100M Sept 2025
- **Investors:** 3

See who backed them

## The rounds

- **Sept 2025** Debt **$100M** [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Deerfield](https://millionrounds.com/fund/deerfield) [SR One](https://millionrounds.com/fund/sr-one) Source recorded

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Dana McGowan** Executive Officer i
- **Richard Lowenthal** Executive Officer, Director i

On the board, as filed i *Brent Saunders* *Jonathan Leff* *Mike Kelly* *Peter Kolchinsky* *Phil Schneider* *Pratik Shah* *Rajeev Dadoo*

## Everyone who backed them

[RA Capital Management](https://millionrounds.com/fund/ra-capital-management) Private equity **1** round

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

[SR One](https://millionrounds.com/fund/sr-one) Corporate VC **1** round

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

## Also claim to have backed them

This firm lists ARS Pharmaceuticals as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Nextech Invest](https://millionrounds.com/fund/nextech-invest) Private equity Per its own site

## Quick answers about ARS Pharmaceuticals

### Who invested in ARS Pharmaceuticals?

ARS Pharmaceuticals's investors include RA Capital Management, Deerfield and SR One.

### How much has ARS Pharmaceuticals raised?

ARS Pharmaceuticals has raised $100M across 1 round since 2025.

### When did ARS Pharmaceuticals last raise?

ARS Pharmaceuticals's most recent round was a Debt of $100M in Sept 2025.

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

Its most recent round, $100M in Sept 2025, is also its largest on record.

### Who backed ARS Pharmaceuticals first?

ARS Pharmaceuticals's first round on record, in Sept 2025, was backed by RA Capital Management, Deerfield and SR One.

### What stage is ARS Pharmaceuticals at?

ARS Pharmaceuticals's latest named round is a Debt, in Sept 2025.

### Where is ARS Pharmaceuticals based?

ARS Pharmaceuticals is based in the United States.

## Companies like ARS Pharmaceuticals

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

[**Matchpoint Therapeutics** $220M · Oct 2026](https://millionrounds.com/company/matchpoint-therapeutics)[**Rx Bandz** Oct 2026](https://millionrounds.com/company/rx-bandz)[**Hera Biotech** $1.8M · Sept 2026](https://millionrounds.com/company/hera-biotech)[**GevRx Nutraceuticals** $300K · Sept 2026](https://millionrounds.com/company/gevrx-nutraceuticals)[**ClearSight Therapeutics** $307K · Sept 2026](https://millionrounds.com/company/clearsight-therapeutics)[**Alzheon** $99M · Sept 2026](https://millionrounds.com/company/alzheon)

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