# Denali Therapeutics funding: rounds and investors > Denali Therapeutics has raised $547M across 3 rounds since 2015. Investors include ARCH Venture Partners, Google Ventures and Eight Roads Ventures. Source: https://millionrounds.com/company/denali-therapeutics (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Denali Therapeutics* 3 rounds we have observed, with the 8 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 11 months ago Funding summary Updated 26 Oct 2026 **$547M** raised across 3 rounds since 2015, from 3 sources **$217M** Series A **$130M** Series B **$200M** Debt - **Latest round:** Debt, $200M Dec 2025 - **Biggest round:** $217M Series A · May 2015 - **Step-up i:** 1.5× - **Investors:** 8 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. 2015 2017 2019 2021 2023 2025 **$217M** Series A **$130M** Series B **$200M** Debt - **First round:** Series A, $217M - **Biggest round:** $217M - **Usual gap between rounds:** 9.3 years ## The rounds - **Dec 2025** Debt **$200M** *3 new* *1 returning* [Google Ventures](https://millionrounds.com/fund/gv) [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) [Eight Roads Ventures](https://millionrounds.com/fund/eight-roads) [Flagship Pioneering](https://millionrounds.com/fund/flagship-pioneering) Source recorded - **Aug 2016** Series B **$130M** *1 new* [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) Reported by FinSMEs - **May 2015** Series A **$217M** *4 new* [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) [F-Prime Capital](https://millionrounds.com/fund/f-prime) [Flagship Ventures](https://millionrounds.com/fund/flagship-ventures) [Alaska Permanent Fund Corporation](https://millionrounds.com/fund/alaska-permanent-fund-corporation) From a historical funding record ## Founders and team From the SEC filings it signed: 3 on the team. - **Alexander O. Schuth** Executive Officer i - **Carole O. Ho** Executive Officer i - **Ryan Watts** Executive Officer, Director i On the board, as filed i *David P. Schenkein* *Erik T. Harris* *Jay T. Flatley* *Jennifer O. Cook* *Marc P. Tessier-Lavigne* *Nancy A. Thornberry* *Peter S. Klein* *Steve E. Krognes* *Vicki L. Sato* ## 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** 2015 **Series B** 2016 **Debt** 2025 [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) [Google Ventures](https://millionrounds.com/fund/gv) [Eight Roads Ventures](https://millionrounds.com/fund/eight-roads) [F-Prime Capital](https://millionrounds.com/fund/f-prime) [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) [Flagship Ventures](https://millionrounds.com/fund/flagship-ventures) [Flagship Pioneering](https://millionrounds.com/fund/flagship-pioneering) [Alaska Permanent Fund Corporation](https://millionrounds.com/fund/alaska-permanent-fund-corporation) ## Everyone who backed them [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) VC firm **2** rounds [Google Ventures](https://millionrounds.com/fund/gv) Corporate VC **1** round [Eight Roads Ventures](https://millionrounds.com/fund/eight-roads) VC firm **1** round [F-Prime Capital](https://millionrounds.com/fund/f-prime) VC firm **1** round [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) Asset manager **1** round [Flagship Ventures](https://millionrounds.com/fund/flagship-ventures) Accelerator **1** round [Flagship Pioneering](https://millionrounds.com/fund/flagship-pioneering) VC firm **1** round [Alaska Permanent Fund Corporation](https://millionrounds.com/fund/alaska-permanent-fund-corporation) Institutional LP **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=denali-therapeutics). ## Also claim to have backed them These 2 firms list Denali Therapeutics 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. [EcoR1 Capital](https://millionrounds.com/fund/ecor1-capital) Private equity Per its own site [Blake Byers](https://millionrounds.com/fund/blake-byers) Angel Per its own site ## Quick answers about Denali Therapeutics ### Who invested in Denali Therapeutics? Denali Therapeutics's investors include ARCH Venture Partners, Google Ventures, Eight Roads Ventures, F-Prime Capital and Baillie Gifford, and 3 more on record. ### How much has Denali Therapeutics raised? Denali Therapeutics has raised $547M across 3 rounds since 2015. ### When did Denali Therapeutics last raise? Denali Therapeutics's most recent round was a Debt of $200M in Dec 2025. ### What was Denali Therapeutics's biggest round? Denali Therapeutics's largest round on record is $217M (Series A), in May 2015. ### Who backed Denali Therapeutics first? Denali Therapeutics's first round on record, in May 2015, was backed by ARCH Venture Partners, F-Prime Capital and Flagship Ventures and 1 others. ### What stage is Denali Therapeutics at? Denali Therapeutics's latest named round is a Debt, in Dec 2025. ### Where is Denali Therapeutics based? Denali Therapeutics is based in the United States. ## Companies like Denali Therapeutics 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) ## 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