# Circle Pharma funding: rounds and investors

> Circle Pharma has raised $187M across 4 rounds since 2014. Investors include Eli Lilly, Mission Bay Capital and RA Capital Management.

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

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

# Who invested in *Circle Pharma*

4 rounds we have observed, with the 5 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

Raised 2 months ago

Funding summary Updated 26 Oct 2026

**$187M** raised across 4 rounds since 2014, from 4 sources

**$4.5M** Series A **$90M** Series D **$93M** Series E

- **Latest round:** Series E, $93M Sept 2026
- **Investors:** 5

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 2026

**?** Seed

**$4.5M** Series A

**$90M** Series D

**$93M** Series E

- **First round:** Seed
- **Biggest round:** $93M
- **Usual gap between rounds:** 2.3 years

## The rounds

- **Sept 2026** Series E **$93M** *1 new* *1 returning* [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Eli Lilly](https://millionrounds.com/fund/eli-lilly) Source recorded
- **Sept 2024** Series D **$90M** *2 new* [Eli Lilly](https://millionrounds.com/fund/eli-lilly) [Mission BioCapital](https://millionrounds.com/fund/mission-biocapital) Source recorded SEC filing: $63M sold, first sale Jun 2024
- **Dec 2016** Series A **$4.5M** *1 returning* [Mission Bay Capital](https://millionrounds.com/fund/mission-bay-capital) Reported by FinSMEs SEC filing: $3.8M sold, first sale Sept 2016
- **Sept 2014** Seed **Amount undisclosed** *2 new* [Pfizer](https://millionrounds.com/fund/pfizer) [Mission Bay Capital](https://millionrounds.com/fund/mission-bay-capital) From a historical funding record

## Founders and team

From Circle Pharma's own website: 9 on the team.

- **Bryan M. Lent** Chief Financial Officer
- **Rob Lauzen** Chief Financial Officer
- **Carlos Chavez** Executive Director, Head of Facilities and Research Operations
- **David Diaz** Executive Director, Head of DMPK/ Clinical Pharmacology/Toxicology
- **Denise Posada** Executive Director, Head of Data Management
- **Carolina Ryklansky** Director, Clinical Scientist
- **Jinshu Fang** Associate Director, DMPK/Clinical Pharmacology/Toxicology
- **Luis Hernandez** Associate Director, Research Operations
- **Stacey Mendoza** Manager, HR Operations

## 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.

**Seed** 2014 **Series A** 2016 **Series D** 2024 **Series E** 2026 [Eli Lilly](https://millionrounds.com/fund/eli-lilly) [Mission Bay Capital](https://millionrounds.com/fund/mission-bay-capital) [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Pfizer](https://millionrounds.com/fund/pfizer) [Mission BioCapital](https://millionrounds.com/fund/mission-biocapital)

## Everyone who backed them

[Eli Lilly](https://millionrounds.com/fund/eli-lilly) Corporate VC **2** rounds

[Mission Bay Capital](https://millionrounds.com/fund/mission-bay-capital) VC firm **2** rounds

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

[Pfizer](https://millionrounds.com/fund/pfizer) Corporate VC **1** round

[Mission BioCapital](https://millionrounds.com/fund/mission-biocapital) VC firm **1** round

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

## Also claim to have backed them

These 4 firms list Circle 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.

[The Column Group](https://millionrounds.com/fund/the-column-group) VC firm Per its own site

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

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

[Berkeley Catalyst Fund](https://millionrounds.com/fund/berkeley-catalyst-fund) VC firm Per its own site

## Quick answers about Circle Pharma

### Who invested in Circle Pharma?

Circle Pharma's investors include Eli Lilly, Mission Bay Capital, RA Capital Management, Pfizer and Mission BioCapital.

### How much has Circle Pharma raised?

Circle Pharma has raised $187M across 4 rounds since 2014. One round did not disclose an amount, so the total is a floor.

### When did Circle Pharma last raise?

Circle Pharma's most recent round was a Series E of $93M in Sept 2026.

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

Its most recent round, $93M in Sept 2026, is also its largest on record.

### Who backed Circle Pharma first?

Circle Pharma's first round on record, in Sept 2014, was backed by Pfizer and Mission Bay Capital.

### What stage is Circle Pharma at?

Circle Pharma's latest named round is a Series E, in Sept 2026.

### Where is Circle Pharma based?

Circle Pharma is based in the United States.

## Companies like Circle Pharma

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)[**AI** $18M · Oct 2026](https://millionrounds.com/company/ai)[**Baba** $40M · Oct 2026](https://millionrounds.com/company/baba)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)

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