# Encoded Therapeutics funding: rounds and investors

> Encoded Therapeutics has raised $379M across 3 rounds since 2019. Investors include Venrock, ARCH Venture Partners and Menlo Ventures.

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

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

# Who invested in *Encoded Therapeutics*

3 rounds we have observed, with the 9 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

**$379M** raised across 3 rounds since 2019, from 3 sources

**$104M** Series C **$275M** Series F

- **Latest round:** Series F, $275M Sept 2026
- **Step-up i:** 2.6×
- **Investors:** 9

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 2026

**$104M** Series C

**?** Venture

**$275M** Series F

- **First round:** Series C, $104M
- **Biggest round:** $275M
- **Usual gap between rounds:** 5.5 years

## The rounds

- **Sept 2026** Series F **$275M** *2 new* *3 returning* [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Venrock](https://millionrounds.com/fund/venrock) [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) [Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors) [Invus](https://millionrounds.com/fund/invus) Source recorded
- **Mar 2021** Venture **Amount undisclosed** *2 new* *3 returning* [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Venrock](https://millionrounds.com/fund/venrock) [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) [Illumina Ventures](https://millionrounds.com/fund/illumina-ventures) Source recorded
- **Jun 2019** Series C **$104M** *5 new* [Venrock](https://millionrounds.com/fund/venrock) [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) [Illumina Ventures](https://millionrounds.com/fund/illumina-ventures) [Altitude Life Science Ventures](https://millionrounds.com/fund/altitude-life-science-ventures) [Matrix Capital Management](https://millionrounds.com/fund/matrix-capital-management) Reported by Prnewswire

## Founders and team

From Encoded Therapeutics's own website: 1 founder, 6 on the team.

**Stephanie Tagliatela** Co-founder, Chief Scientific Officer & Board Member

- **Andrew Stober** Chief Manufacturing Officer
- **Jennifer Gorzelany** Head of Strategy
- **Nicholaus Williams** Head of Finance
- **John Stuelpnagel** Board Member
- **Karan Takhar** Board Member
- **Sean P. Nolan** Board Chairman

## 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 C** 2019 **Venture** 2021 **Series F** 2026 [Venrock](https://millionrounds.com/fund/venrock) [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Illumina Ventures](https://millionrounds.com/fund/illumina-ventures) [Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors) [Invus](https://millionrounds.com/fund/invus) [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) [Altitude Life Science Ventures](https://millionrounds.com/fund/altitude-life-science-ventures) [Matrix Capital Management](https://millionrounds.com/fund/matrix-capital-management)

## Everyone who backed them

[Venrock](https://millionrounds.com/fund/venrock) VC firm **3** rounds

[ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) VC firm **3** rounds

[Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) VC firm **2** rounds

[Illumina Ventures](https://millionrounds.com/fund/illumina-ventures) VC firm **2** rounds

[Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors) Private equity **1** round

[Invus](https://millionrounds.com/fund/invus) Private equity **1** round

[RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) Growth equity **1** round

[Altitude Life Science Ventures](https://millionrounds.com/fund/altitude-life-science-ventures) VC firm **1** round

[Matrix Capital Management](https://millionrounds.com/fund/matrix-capital-management) VC firm **1** round

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

## Also claim to have backed them

This firm lists Encoded Therapeutics as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Rona Holdings](https://millionrounds.com/fund/rona-holdings) Private equity Per its own site

## Quick answers about Encoded Therapeutics

### Who invested in Encoded Therapeutics?

Encoded Therapeutics's investors include Venrock, ARCH Venture Partners, Menlo Ventures, Illumina Ventures and Janus Henderson Investors, and 4 more on record.

### How much has Encoded Therapeutics raised?

Encoded Therapeutics has raised $379M across 3 rounds since 2019. One round did not disclose an amount, so the total is a floor.

### When did Encoded Therapeutics last raise?

Encoded Therapeutics's most recent round was a Series F of $275M in Sept 2026.

### What was Encoded Therapeutics's biggest round?

Its most recent round, $275M in Sept 2026, is also its largest on record.

### Who backed Encoded Therapeutics first?

Encoded Therapeutics's first round on record, in Jun 2019, was backed by Venrock, ARCH Venture Partners and Illumina Ventures and 2 others.

### What stage is Encoded Therapeutics at?

Encoded Therapeutics's latest named round is a Series F, in Sept 2026.

### Where is Encoded Therapeutics based?

Encoded Therapeutics is based in the United States.

## Companies like Encoded 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)

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