# Deciphex funding: rounds and investors

> Deciphex has raised $52M across 3 rounds since 2019. Investors include Enterprise Ireland, Claret Capital Partners and Novartis. Every round with its source.

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

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

# Who invested in *Deciphex*

3 rounds we have observed, with the 15 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.

AI Biotech Healthcare Healthtech

Funding summary Updated 26 Oct 2026

**$52M** raised across 3 rounds since 2019, from 4 sources

**$2.3M** Round **$32M** Series C **$18M** Debt

- **Latest round:** Debt, $18M Oct 2025
- **Led by:** Claret Capital Partners
- **Biggest round:** $32M Series C · Jan 2025
- **Investors:** 15 (2 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.

2019 2020 2021 2022 2023 2024 2025

**$2.3M** Round

**$32M** Series C

**$18M** Debt

- **First round:** Round, $2.3M
- **Biggest round:** $32M
- **Usual gap between rounds:** 5.7 years

## The rounds

- **Oct 2025** Debt **$18M** *3 returning* [Claret Capital Partners](https://millionrounds.com/fund/claret-capital-partners) Lead [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland) [Novartis](https://millionrounds.com/fund/novartis) Reported by Seroba Life Sciences and 1 other
- **Jan 2025** Series C **$32M** *9 new* *1 returning* [Molten Ventures](https://millionrounds.com/fund/molten-ventures) Lead [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland) [Novartis](https://millionrounds.com/fund/novartis) [Claret Capital Partners](https://millionrounds.com/fund/claret-capital-partners) [Act Venture Capital](https://millionrounds.com/fund/act-venture-capital) [Seroba.](https://millionrounds.com/fund/seroba) [Irrus Investments](https://millionrounds.com/fund/irrus-investments) [Charles River Laboratories](https://millionrounds.com/fund/charles-river-laboratories) [Medtech Syndicate](https://millionrounds.com/fund/medtech-syndicate) [Nextsteps Capital](https://millionrounds.com/fund/nextsteps-capital) Reported by Seroba Life Sciences
- **May 2019** Round **$2.3M** *6 new* [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland) [ACT](https://millionrounds.com/fund/act) [Inova Capital](https://millionrounds.com/fund/inova-capital) GI Parnters of Illinois IRRUS NextSteps Reported by FinSMEs

## Founders and team

From Deciphex's own website: 11 on the team.

- **Donal O’Shea** Chief Executive Officer
- **Andrea Rizzini** Chief Technology Officer
- **Ciara Mullin** Chief People Officer
- **Frances Mitchell Valantič** Chief Product Officer
- **Greg Wigmore** Chief Financial Officer
- **Jenny Fitzgerald** Chief Revenue Officer
- **Mirko Colleluori** Chief Information Officer
- **Pierre Moulin** ‍Chief Scientific Officer
- **Runjan Chetty** ‍Chief Medical Officer
- **Larry Doyle** Head of Legal
- **Derek Small** Senior Director of Finance

## 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.

**Round** 2019 **Series C** 2025 **Debt** 2025 [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland) [Claret Capital Partners](https://millionrounds.com/fund/claret-capital-partners) L [Novartis](https://millionrounds.com/fund/novartis) [Molten Ventures](https://millionrounds.com/fund/molten-ventures) L [Act Venture Capital](https://millionrounds.com/fund/act-venture-capital) [Seroba.](https://millionrounds.com/fund/seroba) [Irrus Investments](https://millionrounds.com/fund/irrus-investments) [ACT](https://millionrounds.com/fund/act) [Inova Capital](https://millionrounds.com/fund/inova-capital) [Charles River Laboratories](https://millionrounds.com/fund/charles-river-laboratories)

## Everyone who backed them

[Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland) Government **3** rounds

[Claret Capital Partners](https://millionrounds.com/fund/claret-capital-partners) Private credit **2** rounds, led 1

[Novartis](https://millionrounds.com/fund/novartis) VC firm **2** rounds

[Molten Ventures](https://millionrounds.com/fund/molten-ventures) VC firm **1** round, led 1

[Act Venture Capital](https://millionrounds.com/fund/act-venture-capital) VC firm **1** round

[Seroba.](https://millionrounds.com/fund/seroba) VC firm **1** round

[Irrus Investments](https://millionrounds.com/fund/irrus-investments) VC firm **1** round

[ACT](https://millionrounds.com/fund/act) VC firm **1** round

[Inova Capital](https://millionrounds.com/fund/inova-capital) Investment firm **1** round

[Charles River Laboratories](https://millionrounds.com/fund/charles-river-laboratories) Growth equity **1** round

[Medtech Syndicate](https://millionrounds.com/fund/medtech-syndicate) Growth equity **1** round

[Nextsteps Capital](https://millionrounds.com/fund/nextsteps-capital) Growth equity **1** round

GI Parnters of Illinois no record of our own yet **1** round

IRRUS no record of our own yet **1** round

NextSteps no record of our own yet **1** round

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

## Quick answers about Deciphex

### Who invested in Deciphex?

Deciphex's investors include Enterprise Ireland, Claret Capital Partners, Novartis, Molten Ventures and Act Venture Capital, and 10 more on record. Claret Capital Partners led its latest round.

### How much has Deciphex raised?

Deciphex has raised $52M across 3 rounds since 2019.

### When did Deciphex last raise?

Deciphex's most recent round was a Debt of $18M in Oct 2025, led by Claret Capital Partners.

### What was Deciphex's biggest round?

Deciphex's largest round on record is $32M (Series C), in Jan 2025, led by Molten Ventures.

### Who backed Deciphex first?

Deciphex's first round on record, in May 2019, was backed by Enterprise Ireland, ACT and Inova Capital and 3 others.

### What stage is Deciphex at?

Deciphex's latest named round is a Debt, in Oct 2025.

### Where is Deciphex based?

Deciphex is based in Ireland.

### Who led Deciphex's rounds?

Molten Ventures led the Series C in 2025; Claret Capital Partners led the Debt in 2025.

## Companies like Deciphex

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