# Cumulus Oncology funding: rounds and investors

> Cumulus Oncology has raised $17M across 2 rounds since 2022. Investors include Scottish Enterprise. Every round with its source.

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

United Kingdom · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Cumulus Oncology*

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

Funding summary Updated 26 Oct 2026

**$17M** raised across 2 rounds since 2022, from 2 sources

**$5.6M** Round **$12M** Seed

- **Latest round:** Seed, $12M Jan 2024
- **Step-up i:** 2.1×
- **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.

2022 2023 2024

**$5.6M** Round

**$12M** Seed

- **First round:** Round, $5.6M
- **Biggest round:** $12M
- **Between rounds:** 22 months

## The rounds

- **Jan 2024** Seed **$12M** *1 new* [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) Source recorded
- **Feb 2022** Round **$5.6M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Funding filed with regulators

Cumulus Oncology filed 2 raises, $17M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Dec 2023 **$11M** UK share allotment
- Feb 2022 **$5.6M** UK share allotment

## Founders and team

From Cumulus Oncology's own website: 1 founder, 4 on the team.

**Dr Clare Wareing** Founder & CEO

- **Clare Doris** Chief Development Officer
- **James Fair** Chief Financial Officer
- **Laura Gallagher** Senior Operations Lead (Program Management)
- **Scott Doak** Group Finance Director

## Everyone who backed them

[Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) Government **1** round

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

## Also claim to have backed them

These 2 firms list Cumulus Oncology 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.

[Eos](https://millionrounds.com/fund/eos-advisory) Angel network Per its own site

[Alba Equity](https://millionrounds.com/fund/alba-equity) Private equity Per its own site

## Quick answers about Cumulus Oncology

### Who invested in Cumulus Oncology?

Cumulus Oncology's investors include Scottish Enterprise.

### How much has Cumulus Oncology raised?

Cumulus Oncology has raised $17M across 2 rounds since 2022.

### When did Cumulus Oncology last raise?

Cumulus Oncology's most recent round was a Seed of $12M in Jan 2024.

### What was Cumulus Oncology's biggest round?

Its most recent round, $12M in Jan 2024, is also its largest on record.

### Who backed Cumulus Oncology first?

Cumulus Oncology's first round on record, in Jan 2024, was backed by Scottish Enterprise.

### What stage is Cumulus Oncology at?

Cumulus Oncology's latest named round is a Seed, in Jan 2024.

### Where is Cumulus Oncology based?

Cumulus Oncology is based in the United Kingdom.

## Companies like Cumulus Oncology

In the same sector, and raised in the last eighteen months.

[**HydRegen** $12M · Oct 2026](https://millionrounds.com/company/hydregen)[**OMass Therapeutics** $442M · Oct 2026](https://millionrounds.com/company/omass-therapeutics)[**CMR Surgical** $1.1B · Oct 2026](https://millionrounds.com/company/cmr-surgical)[**Living Optics** $61M · Oct 2026](https://millionrounds.com/company/living-optics)[**Bactobio** $18M · Oct 2026](https://millionrounds.com/company/bactobio)[**RHYTHM AI** $23M · Sept 2026](https://millionrounds.com/company/rhythm-ai)

## 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