# Avalyn Pharma funding: rounds and investors

> Avalyn Pharma has raised $100M across 1 round since 2025. Investors include Norwest Venture Partners, Wellington Management and Perceptive Advisors.

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

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

# Who invested in *Avalyn Pharma*

One round we have observed, with the 5 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:** Series D, $100M Jul 2025
- **Investors:** 5

See who backed them

## The rounds

- **Jul 2025** Series D **$100M** [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Wellington Management](https://millionrounds.com/fund/wellington-management) [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) [Novo Holdings](https://millionrounds.com/fund/novo-ventures) [Catalio Capital Management](https://millionrounds.com/fund/catalio-capital-management) Source recorded

## Founders and team

From Avalyn Pharma's own website and the SEC filings it signed: 6 on the team.

- **Lyn Baranowski** Chief Executive Officer
- **Jill Denning** Senior Vice President, Clinical Development Operations
- **Jim Bishop** Senior Vice President, Business Operations
- **Doug Carlson** Chief Financial Officer and Chief Business Officer
- **Adam Golden** General Counsel and Head of Business Development
- **Heather Turner** Board Chair

On the board, as filed i *Cassandra Gianna Luca* *Jonathan Leff* *Ketan Patel* *Niall O'Donnell* *Peter Moldt* *Tiba Aynechi*

## Everyone who backed them

[Norwest Venture Partners](https://millionrounds.com/fund/norwest) VC firm **1** round

[Wellington Management](https://millionrounds.com/fund/wellington-management) VC firm **1** round

[Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) Asset manager **1** round

[Novo Holdings](https://millionrounds.com/fund/novo-ventures) VC firm **1** round

[Catalio Capital Management](https://millionrounds.com/fund/catalio-capital-management) VC firm **1** round

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

## Also claim to have backed them

These 5 firms list Avalyn Pharma as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Andera Partners](https://millionrounds.com/fund/andera-partners) Private equity 2017, per its site

[Global Source Ventures, LLC](https://millionrounds.com/fund/global-source-ventures-llc) VC firm Per its own site

[InVivium Capital](https://millionrounds.com/fund/invivium-capital) VC firm Per its own site

[Vida Ventures](https://millionrounds.com/fund/vida-ventures-llc) VC firm Per its own site

[Xontogeny](https://millionrounds.com/fund/xontogeny) Accelerator Per its own site

## Quick answers about Avalyn Pharma

### Who invested in Avalyn Pharma?

Avalyn Pharma's investors include Norwest Venture Partners, Wellington Management, Perceptive Advisors, Novo Holdings and Catalio Capital Management.

### How much has Avalyn Pharma raised?

Avalyn Pharma has raised $100M across 1 round since 2025.

### When did Avalyn Pharma last raise?

Avalyn Pharma's most recent round was a Series D of $100M in Jul 2025.

### What was Avalyn Pharma's biggest round?

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

### Who backed Avalyn Pharma first?

Avalyn Pharma's first round on record, in Jul 2025, was backed by Norwest Venture Partners, Wellington Management and Perceptive Advisors and 2 others.

### What stage is Avalyn Pharma at?

Avalyn Pharma's latest named round is a Series D, in Jul 2025.

### Where is Avalyn Pharma based?

Avalyn Pharma is based in the United States.

## Companies like Avalyn Pharma

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)[**RegCell** $81M · Sept 2026](https://millionrounds.com/company/regcell)[**ClearSight Therapeutics** $307K · Sept 2026](https://millionrounds.com/company/clearsight-therapeutics)

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