# CellPhire funding: rounds and investors

> CellPhire has raised $4.0M across 2 rounds since 2014. Investors include Maryland Venture Fund. Every round with its source.

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

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

# Who invested in *CellPhire*

2 rounds we have observed, with the one investor 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

Raised 11 months ago

Funding summary Updated 26 Oct 2026

**$4.0M** raised across 2 rounds since 2014, from 2 sources

**$1.0M** Debt **$3.0M** Round

- **Latest round:** Round, $3.0M Nov 2025
- **Step-up i:** 3×
- **Investors:** 1

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 2024

**$1.0M** Debt

**$3.0M** Round

- **First round:** Debt, $1.0M
- **Biggest round:** $3.0M
- **Between rounds:** 11.6 years

## The rounds

- **Nov 2025** Round **$3.0M** No investor was named in the report. Filed with the SEC (Form D); no report of this raise yet SEC filing: $3.0M sold, first sale Nov 2025
- **Apr 2014** Debt **$1.0M** *1 new* [Maryland Venture Fund](https://millionrounds.com/fund/maryland-venture-fund) From a historical funding record

## Founders and team

From CellPhire's own website: 2 on the team.

- **Michael Gaffney** Chief Executive Officer & President
- **Elisabeth Schrader** Vice President of Clinical Operations

## Everyone who backed them

[Maryland Venture Fund](https://millionrounds.com/fund/maryland-venture-fund) VC firm **1** round

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

## Also claim to have backed them

This firm lists CellPhire 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.

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

## Quick answers about CellPhire

### Who invested in CellPhire?

CellPhire's investors include Maryland Venture Fund.

### How much has CellPhire raised?

CellPhire has raised $4.0M across 2 rounds since 2014.

### When did CellPhire last raise?

CellPhire's most recent round, $3.0M, was in Nov 2025.

### What was CellPhire's biggest round?

Its most recent round, $3.0M in Nov 2025, is also its largest on record.

### Who backed CellPhire first?

CellPhire's first round on record, in Apr 2014, was backed by Maryland Venture Fund.

### What stage is CellPhire at?

CellPhire's latest named round is a Debt, in Apr 2014.

### Where is CellPhire based?

CellPhire is based in the United States.

## Companies like CellPhire

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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