# Crystalys Therapeutics funding: rounds and investors > Crystalys Therapeutics has raised $335M across 2 rounds since 2025. Investors include Novo Holdings, SR One and Frazier Life Sciences. Source: https://millionrounds.com/company/crystalys-therapeutics (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Crystalys Therapeutics* 2 rounds we have observed, with the 13 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 Pharma Raised 3 months ago Follow Crystalys Therapeutics and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fcrystalys-therapeutics) Funding summary Updated 5 Nov 2026 **$335M** raised across 2 rounds since 2025, from 3 sources **$205M** Series A **$130M** Series B - **Latest round:** Series B, $130M Jul 2026 - **Led by:** Frazier Life Sciences - **Biggest round:** $205M Series A · Sept 2025 - **Investors:** 13 (1 led) 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. 2026 **$205M** Series A **$130M** Series B - **First round:** Series A, $205M - **Biggest round:** $205M - **Between rounds:** 11 months ## The rounds - **Jul 2026** Series B **$130M** *9 new* *2 returning* [Frazier Life Sciences](https://millionrounds.com/fund/frazier-life-sciences) Lead [Wellington Management](https://millionrounds.com/fund/wellington-management) [Novo Holdings](https://millionrounds.com/fund/novo-ventures) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) [SR One](https://millionrounds.com/fund/sr-one) [Pivotal bioVenture Partners](https://millionrounds.com/fund/pivotal-life-sciences) [HBM Healthcare Investments](https://millionrounds.com/fund/hbm-healthcare-investments) [Soleus Capital](https://millionrounds.com/fund/soleus-capital) [Catalys Pacific](https://millionrounds.com/fund/catalys-pacific) [KCap Biotechnology Fund LP](https://millionrounds.com/fund/kcap-biotechnology-fund-lp) [Trails Edge Capital Partners](https://millionrounds.com/fund/trails-edge-capital-partners) Reported by Frazier Life Sciences and 1 other - **Sept 2025** Series A **$205M** *4 new* [Novo Holdings](https://millionrounds.com/fund/novo-ventures) [SR One](https://millionrounds.com/fund/sr-one) [Alexandria Venture Investments](https://millionrounds.com/fund/alexandria-venture-investments) [Longwood Fund](https://millionrounds.com/fund/longwood-fund) Source recorded ## 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 A** 2025 **Series B** 2026 [Novo Holdings](https://millionrounds.com/fund/novo-ventures) [SR One](https://millionrounds.com/fund/sr-one) [Frazier Life Sciences](https://millionrounds.com/fund/frazier-life-sciences) L [Wellington Management](https://millionrounds.com/fund/wellington-management) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) [Alexandria Venture Investments](https://millionrounds.com/fund/alexandria-venture-investments) [Longwood Fund](https://millionrounds.com/fund/longwood-fund) [Pivotal bioVenture Partners](https://millionrounds.com/fund/pivotal-life-sciences) [HBM Healthcare Investments](https://millionrounds.com/fund/hbm-healthcare-investments) [Soleus Capital](https://millionrounds.com/fund/soleus-capital) ## Everyone who backed them [Novo Holdings](https://millionrounds.com/fund/novo-ventures) VC firm **2** rounds [SR One](https://millionrounds.com/fund/sr-one) Corporate VC **2** rounds [Frazier Life Sciences](https://millionrounds.com/fund/frazier-life-sciences) VC firm **1** round, led 1 [Wellington Management](https://millionrounds.com/fund/wellington-management) VC firm **1** round [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) Private equity **1** round [Alexandria Venture Investments](https://millionrounds.com/fund/alexandria-venture-investments) VC firm **1** round [Longwood Fund](https://millionrounds.com/fund/longwood-fund) VC firm **1** round [Pivotal bioVenture Partners](https://millionrounds.com/fund/pivotal-life-sciences) VC firm **1** round [HBM Healthcare Investments](https://millionrounds.com/fund/hbm-healthcare-investments) VC firm **1** round [Soleus Capital](https://millionrounds.com/fund/soleus-capital) Private equity **1** round [Catalys Pacific](https://millionrounds.com/fund/catalys-pacific) VC firm **1** round [KCap Biotechnology Fund LP](https://millionrounds.com/fund/kcap-biotechnology-fund-lp) VC firm **1** round [Trails Edge Capital Partners](https://millionrounds.com/fund/trails-edge-capital-partners) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=crystalys-therapeutics). ## Quick answers about Crystalys Therapeutics ### Who invested in Crystalys Therapeutics? Crystalys Therapeutics's investors include Novo Holdings, SR One, Frazier Life Sciences, Wellington Management and Cormorant Asset Management, and 8 more on record. Frazier Life Sciences led its latest round. ### How much has Crystalys Therapeutics raised? Crystalys Therapeutics has raised $335M across 2 rounds since 2025. ### When did Crystalys Therapeutics last raise? Crystalys Therapeutics's most recent round was a Series B of $130M in Jul 2026, led by Frazier Life Sciences. ### What was Crystalys Therapeutics's biggest round? Crystalys Therapeutics's largest round on record is $205M (Series A), in Sept 2025. ### Who backed Crystalys Therapeutics first? Crystalys Therapeutics's first round on record, in Sept 2025, was backed by Novo Holdings, SR One and Alexandria Venture Investments and 1 others. ### What stage is Crystalys Therapeutics at? Crystalys Therapeutics's latest named round is a Series B, in Jul 2026. ### Where is Crystalys Therapeutics based? Crystalys Therapeutics is based in the United States. ### Who led Crystalys Therapeutics's rounds? Frazier Life Sciences led the Series B in 2026. ## Companies like Crystalys Therapeutics In the same sector, and raised in the last eighteen months. 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