# FibroGen funding: rounds and investors > FibroGen has raised $176M across 4 rounds since 2005. Investors include NovaQuest, Goldman Sachs and T. Rowe Price. Every round with its source. Source: https://millionrounds.com/company/fibrogen (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *FibroGen* 4 rounds we have observed, with the 16 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 Funding summary Updated 26 Oct 2026 **$176M** raised across 4 rounds since 2005, from 5 sources **$100M** Series F **$6.0M** Growth **$20M** Venture **$50M** Debt - **Latest round:** Debt, $50M Nov 2022 - **Led by:** NovaQuest - **Biggest round:** $100M Series F · Feb 2005 - **Step-up i:** 2.5× - **Investors:** 16 (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. 2005 2008 2011 2014 2017 2020 **$100M** Series F **$6.0M** Growth **$20M** Venture **$50M** Debt - **First round:** Series F, $100M - **Biggest round:** $100M - **Usual gap between rounds:** 7.4 years ## The rounds - **Nov 2022** Debt **$50M** *1 new* [NovaQuest](https://millionrounds.com/fund/novaquest-capital-management) Lead Reported by Firms' own news pages and 1 other - **Dec 2014** Venture **$20M** No investor was named in the report. From a historical funding record SEC filing: $20M sold, first sale Nov 2014 - **Jul 2012** Growth **$6.0M** No investor was named in the report. Reported by sec.gov - **Feb 2005** Series F **$100M** *15 new* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) [Brookside Capital](https://millionrounds.com/fund/brookside-capital) [Janus Capital Group](https://millionrounds.com/fund/janus-capital-group) [BioFund Management](https://millionrounds.com/fund/biofund-management) [Merlin Biomed](https://millionrounds.com/fund/merlin-biomed) [Sigma Capital Group Plc](https://millionrounds.com/fund/sigma-capital-group) [Apothecary Capital](https://millionrounds.com/fund/apothecary-capital) [Duquesne Capital Management](https://millionrounds.com/fund/duquesne-capital-management) [Daiwa SMBC Capital](https://millionrounds.com/fund/daiwa-smbc-capital) [Astellas Pharma](https://millionrounds.com/fund/astellas-pharma) [Och-Ziff Capital Management](https://millionrounds.com/fund/och-ziff-capital-management) [Rosewood Corporation](https://millionrounds.com/fund/rosewood-corporation) Corriente Biotechnology Partners Reported by fibrogen.com ## 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 F** 2005 **Growth** 2012 **Venture** 2014 **Debt** 2022 [NovaQuest](https://millionrounds.com/fund/novaquest-capital-management) L [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) [Brookside Capital](https://millionrounds.com/fund/brookside-capital) [Janus Capital Group](https://millionrounds.com/fund/janus-capital-group) [BioFund Management](https://millionrounds.com/fund/biofund-management) [Merlin Biomed](https://millionrounds.com/fund/merlin-biomed) [Sigma Capital Group Plc](https://millionrounds.com/fund/sigma-capital-group) [Apothecary Capital](https://millionrounds.com/fund/apothecary-capital) ## Everyone who backed them [NovaQuest](https://millionrounds.com/fund/novaquest-capital-management) Private equity **1** round, led 1 [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Private equity **1** round [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Private equity **1** round [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) Asset manager **1** round [Brookside Capital](https://millionrounds.com/fund/brookside-capital) Hedge fund **1** round [Janus Capital Group](https://millionrounds.com/fund/janus-capital-group) Growth equity **1** round [BioFund Management](https://millionrounds.com/fund/biofund-management) VC firm **1** round [Merlin Biomed](https://millionrounds.com/fund/merlin-biomed) Growth equity **1** round [Sigma Capital Group Plc](https://millionrounds.com/fund/sigma-capital-group) VC firm **1** round [Apothecary Capital](https://millionrounds.com/fund/apothecary-capital) VC firm **1** round [Duquesne Capital Management](https://millionrounds.com/fund/duquesne-capital-management) Growth equity **1** round [Daiwa SMBC Capital](https://millionrounds.com/fund/daiwa-smbc-capital) VC firm **1** round [Astellas Pharma](https://millionrounds.com/fund/astellas-pharma) Growth equity **1** round [Och-Ziff Capital Management](https://millionrounds.com/fund/och-ziff-capital-management) Investment firm **1** round [Rosewood Corporation](https://millionrounds.com/fund/rosewood-corporation) Family office **1** round Corriente Biotechnology Partners 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=fibrogen). ## Also claim to have backed them This firm lists FibroGen 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. [Nordic Biotech](https://millionrounds.com/fund/nb-capital-aps) Private equity Per its own site ## Quick answers about FibroGen ### Who invested in FibroGen? FibroGen's investors include NovaQuest, Goldman Sachs, T. Rowe Price, Adage Capital Management and Brookside Capital, and 11 more on record. NovaQuest led its latest round. ### How much has FibroGen raised? FibroGen has raised $176M across 4 rounds since 2005. ### When did FibroGen last raise? FibroGen's most recent round was a Debt of $50M in Nov 2022, led by NovaQuest. ### What was FibroGen's biggest round? FibroGen's largest round on record is $100M (Series F), in Feb 2005. ### Who backed FibroGen first? FibroGen's first round on record, in Feb 2005, was backed by Goldman Sachs, T. Rowe Price and Adage Capital Management and 12 others. ### What stage is FibroGen at? FibroGen's latest named round is a Debt, in Nov 2022. ### Where is FibroGen based? FibroGen is based in the United States. ### Who led FibroGen's rounds? NovaQuest led the Debt in 2022. ## Companies like FibroGen 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)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)[**Clinical Ink** $24M · Oct 2026](https://millionrounds.com/company/clinical-ink)[**Rejuvenate Bio** $13M · Oct 2026](https://millionrounds.com/company/rejuvenate-bio) ## 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