United States · Funded startup

Who invested in Cerulean Pharma

11 rounds we have observed, with the 6 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

Funding summaryUpdated 5 Nov 2026

$152Mraised across 11 rounds since 2006, from 11 sources

$35MRound
Latest round
Round, $35MApr 2015
Step-upi
1.3×
Investors
6
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.

2008201020122014
$2.0MVenture$12MSeries A$8.1MSeries B$10MSeries B$5.0MDebt$1.5MVenture$15MSeries D$13MGrowth$26MDebt$35MRound
First round
Venture, $2.0M
Dec 2006
Biggest round
$35M
Round · Apr 2015
Usual gap between rounds
10 months
the median of 10

The rounds

  1. Apr 2015
    Round$35M

    No investor was named in the report.

    From a historical funding record

  2. Jan 2015
    Debt$26M

    No investor was named in the report.

    From a historical funding record

  3. Dec 2012
    Growth$13M

    No investor was named in the report.

    Reported by sec.govSEC filing: $13M sold, first sale Nov 2012

  4. Dec 2011
    Series D$15M5 returning

    Reported by finsmes.comSEC filing: $15M sold, first sale Dec 2011

  5. Nov 2010
    Series C$24M1 new4 returning

    Reported by finsmes.comSEC filing: $16M sold, first sale Nov 2010

  6. Oct 2010
    Venture$1.5M

    No investor was named in the report.

    Reported by masshightech.comSEC filing: $1.5M sold, first sale Sept 2010

  7. Jun 2010
    Debt$5.0M

    No investor was named in the report.

    From a historical funding recordSEC filing: $5.0M sold, first sale May 2010

  8. Jul 2009
    Series B$10M4 returning

    Reported by fiercebiotech.comSEC filing: $10M sold, first sale Jul 2009

  9. Jan 2008
  10. May 2007
    Series A$12M2 new1 returning

    Reported by ceruleanrx.com

  11. Dec 2006
    Venture$2.0M1 new

    From a historical funding record

Funding filed with regulators

Cerulean Pharma filed 7 raises, $61M in all. Filings say how much was sold and to how many investors; they never name the investors.

  1. Oct 2016$11 investoroptionsSEC Form D
  2. Nov 2012$13M16 investorsequitySEC Form D
  3. Dec 2011$15M19 investorsequity, optionsSEC Form D
  4. Nov 2010$16M17 investorsequityof $24M offeredSEC Form D
  5. Sept 2010$1.5M15 investorsdebt, optionsSEC Form D
  6. May 2010$5.0M13 investorsdebt, optionsSEC Form D
  7. Jul 2009$10M13 investorsequitySEC Form D

Founders and team

From Cerulean Pharma's own website and the SEC filings it signed: 1 founder, 10 on the team.

Sabrina Martucci JohnsonFounder & Chief Executive Officer of Daré Bioscience
  • Elizabeth ProosVice President, Product Development
  • Jessica HathewayVice President, Clinical Operations
  • Mark WaltersVice President, Operations
  • Nicolas PacelliVice President, Alliance Management and Business Development
  • MarDee Haring-LaytonChief Accounting Officer
  • Christine Mauck M.D.Medical Director
  • Adrian D.T. SenderowiczExecutive Officeri
  • Alejandra V. CarvajalExecutive Officeri
  • Christopher D.T. GuiffreExecutive Officer, Directori
  • Gregg D.T. BeloffExecutive Officeri

On the board, as filediAlan L. CraneDavid R. ParkinsonDavid R. WaltPaul A. FriedmanStuart A. ArbuckleSusan L. KelleyWilliam H. RastetterWilliam T. McKee

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.

Series B2009Debt2010Venture2010Series C2010Series D2011Growth2012Debt2015Round2015Polaris PartnersVenrockLux CapitalBessemer Venture PartnersLilly VenturesAlexandria Real Estate Equities

Everyone who backed them

Polaris PartnersVC firm6rounds
VenrockVC firm5rounds
Lux CapitalVC firm5rounds
Lilly VenturesCorporate VC2rounds

Missing a round, or an investor who was in one? Tell us.

Quick answers about Cerulean Pharma

Who invested in Cerulean Pharma?

Cerulean Pharma's investors include Polaris Partners, Venrock, Lux Capital, Bessemer Venture Partners and Lilly Ventures, and 1 more on record.

How much has Cerulean Pharma raised?

Cerulean Pharma has raised $152M across 11 rounds since 2006.

When did Cerulean Pharma last raise?

Cerulean Pharma's most recent round was an Undisclosed round of $35M in Apr 2015.

What was Cerulean Pharma's biggest round?

Its most recent round, $35M in Apr 2015, is also its largest on record.

Who backed Cerulean Pharma first?

Cerulean Pharma's first round on record, in Dec 2006, was backed by Polaris Partners.

What stage is Cerulean Pharma at?

Cerulean Pharma's latest named round is an Undisclosed round, in Apr 2015.

Where is Cerulean Pharma based?

Cerulean Pharma is based in the United States.

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