# Bicycle Therapeutics funding: rounds and investors > Bicycle Therapeutics has raised $110M across 4 rounds since 2012. Investors include SR One, Atlas Venture and Novartis Venture Fund. Source: https://millionrounds.com/company/bicycle-therapeutics (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Series B startup](https://millionrounds.com/companies) # Who invested in *Bicycle Therapeutics* 4 rounds we have observed, with the 10 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. Biotech Healthcare Funding summary Updated 26 Oct 2026 **$110M** raised across 4 rounds since 2012, from 4 sources **$6.0M** Round **$32M** Series A **$51M** Series B **$20M** Round - **Latest round:** Round, $20M Sept 2023 - **Biggest round:** $51M Series B · Jun 2017 - **Investors:** 10 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. 2014 2016 2018 2020 2022 **$6.0M** Round **$32M** Series A **$51M** Series B **$20M** Round - **First round:** Round, $6.0M - **Biggest round:** $51M - **Usual gap between rounds:** 2.7 years ## The rounds - **Sept 2023** Round **$20M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Jun 2017** Series B **$51M** *5 new* *1 returning* [SR One](https://millionrounds.com/fund/sr-one) [Novartis](https://millionrounds.com/fund/novartis) [Atlas](https://millionrounds.com/fund/atlas-2) Longwood SVLS Vertex Ventures HC/ Cambridge Innovation Reported by FinSMEs - **Oct 2014** Series A **$32M** *5 returning* [Atlas Venture](https://millionrounds.com/fund/atlas-venture) [Novartis Venture Fund](https://millionrounds.com/fund/novartis-venture-fund) [SR One](https://millionrounds.com/fund/sr-one) [SV Life Sciences](https://millionrounds.com/fund/sv-life-sciences) [Astellas Venture Management](https://millionrounds.com/fund/astellas-venture-management) From a historical funding record - **Dec 2012** Round **$6.0M** *5 new* [Atlas Venture](https://millionrounds.com/fund/atlas-venture) [Novartis Venture Fund](https://millionrounds.com/fund/novartis-venture-fund) [SR One](https://millionrounds.com/fund/sr-one) [SV Life Sciences](https://millionrounds.com/fund/sv-life-sciences) [Astellas Venture Management](https://millionrounds.com/fund/astellas-venture-management) Reported by finsmes.com ## Funding filed with regulators Bicycle Therapeutics filed 24 raises, $581M in all. Filings say how much was sold and to how many investors; they never name the investors. - Sept 2024 **$233K** UK share allotment - Jul 2024 **$297K** UK share allotment - Jul 2024 **$186K** UK share allotment - Jun 2024 **$214K** UK share allotment - Jun 2024 **$203K** UK share allotment - Jun 2024 **$313K** UK share allotment - Jun 2024 **$372K** UK share allotment - May 2024 **$409M** UK share allotment - May 2024 **$146M** UK share allotment - May 2024 **$146K** UK share allotment - Apr 2024 **$631K** UK share allotment - Apr 2024 **$230K** UK share allotment - Apr 2024 **$136K** UK share allotment - Apr 2024 **$160K** UK share allotment - Apr 2024 **$160K** UK share allotment - Apr 2024 **$197K** UK share allotment - Apr 2024 **$160K** UK share allotment - Mar 2024 **$277K** UK share allotment - Feb 2024 **$350K** UK share allotment - Feb 2024 **$665K** UK share allotment - Jan 2024 **$280K** UK share allotment - Jan 2024 **$279K** UK share allotment - Oct 2023 **$264K** UK share allotment - Sept 2023 **$20M** UK share allotment ## Founders and team From Bicycle Therapeutics's own website: 5 on the team. - **Alistair Milnes** Chief Corporate Development Officer - **Travis Thompson** Chief Financial Officer - **Zafar Qadir** Chief Legal Officer and General Counsel - **Jim MacDonald-Clink** SVP, Head of Business Development - **Hervé Hoppenot** Director Advisers *Fabrice André* *Robert Lutz* ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2012 **Series A** 2014 **Series B** 2017 **Round** 2023 [SR One](https://millionrounds.com/fund/sr-one) [Atlas Venture](https://millionrounds.com/fund/atlas-venture) [Novartis Venture Fund](https://millionrounds.com/fund/novartis-venture-fund) [SV Life Sciences](https://millionrounds.com/fund/sv-life-sciences) [Astellas Venture Management](https://millionrounds.com/fund/astellas-venture-management) [Novartis](https://millionrounds.com/fund/novartis) [Atlas](https://millionrounds.com/fund/atlas-2) Longwood SVLS Vertex Ventures HC/ Cambridge Innovation ## Everyone who backed them [SR One](https://millionrounds.com/fund/sr-one) Corporate VC **3** rounds [Atlas Venture](https://millionrounds.com/fund/atlas-venture) VC firm **2** rounds [Novartis Venture Fund](https://millionrounds.com/fund/novartis-venture-fund) Corporate VC **2** rounds [SV Life Sciences](https://millionrounds.com/fund/sv-life-sciences) VC firm **2** rounds [Astellas Venture Management](https://millionrounds.com/fund/astellas-venture-management) Corporate VC **2** rounds [Novartis](https://millionrounds.com/fund/novartis) VC firm **1** round [Atlas](https://millionrounds.com/fund/atlas-2) Private equity **1** round Longwood no record of our own yet **1** round SVLS no record of our own yet **1** round Vertex Ventures HC/ Cambridge Innovation no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=bicycle-therapeutics). ## Quick answers about Bicycle Therapeutics ### Who invested in Bicycle Therapeutics? Bicycle Therapeutics's investors include SR One, Atlas Venture, Novartis Venture Fund, SV Life Sciences and Astellas Venture Management, and 5 more on record. ### How much has Bicycle Therapeutics raised? Bicycle Therapeutics has raised $110M across 4 rounds since 2012. ### When did Bicycle Therapeutics last raise? Bicycle Therapeutics's most recent round, $20M, was in Sept 2023. ### What was Bicycle Therapeutics's biggest round? Bicycle Therapeutics's largest round on record is $51M (Series B), in Jun 2017. ### Who backed Bicycle Therapeutics first? Bicycle Therapeutics's first round on record, in Dec 2012, was backed by Atlas Venture, Novartis Venture Fund and SR One and 2 others. ### What stage is Bicycle Therapeutics at? Bicycle Therapeutics's latest named round is a Series B, in Jun 2017. ### Where is Bicycle Therapeutics based? Bicycle Therapeutics is based in the United Kingdom. ## Companies like Bicycle Therapeutics In the same sector, and raised in the last eighteen months. [**Coherence Neuro** $55M · Oct 2026](https://millionrounds.com/company/coherence-neuro)[**HydRegen** $12M · Oct 2026](https://millionrounds.com/company/hydregen)[**XRlabs** $8.4M · Oct 2026](https://millionrounds.com/company/xrlabs)[**OMass Therapeutics** $442M · Oct 2026](https://millionrounds.com/company/omass-therapeutics)[**CMR Surgical** $1.1B · Oct 2026](https://millionrounds.com/company/cmr-surgical)[**MintNeuro** $26M · Oct 2026](https://millionrounds.com/company/mintneuro) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app