# FORMA Therapeutics funding: rounds and investors > FORMA Therapeutics has raised $143M across 5 rounds since 2008. Investors include Novartis Venture Fund, Novartis Option Fund and Lilly Ventures. Source: https://millionrounds.com/company/forma-therapeutics (Millionrounds; every figure on the page links to its filing or article) United States · [Series D startup](https://millionrounds.com/companies) # Who invested in *FORMA Therapeutics* 5 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 Funding summary Updated 26 Oct 2026 **$143M** raised across 5 rounds since 2008, from 5 sources **$4.0M** Series A **$26M** Series B **$3.0M** Series B **$10M** Venture **$100M** Series D - **Latest round:** Series D, $100M Dec 2019 - **Led by:** RA Capital Management - **Step-up i:** 10× - **Investors:** 8 (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. 2008 2010 2012 2014 2016 2018 **$4.0M** Series A **$26M** Series B **$3.0M** Series B **$10M** Venture **$100M** Series D - **First round:** Series A, $4.0M - **Biggest round:** $100M - **Usual gap between rounds:** 2.8 years ## The rounds - **Dec 2019** Series D **$100M** *4 new* [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) Lead [Wellington Management](https://millionrounds.com/fund/wellington-management) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) [Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital) Reported by FinSMEs - **Sept 2012** Venture **$10M** No investor was named in the report. Reported by masshightech.com SEC filing: $10M sold, first sale Aug 2012 - **Dec 2009** Series B **$3.0M** *4 returning* [Novartis Venture Fund](https://millionrounds.com/fund/novartis-venture-fund) [Lilly Ventures](https://millionrounds.com/fund/lilly-ventures) [Bio*One Capital](https://millionrounds.com/fund/bio-one-capital) [Novartis Option Fund](https://millionrounds.com/fund/novartis-option-fund) Reported by masshightech.com SEC filing: $3.0M sold, first sale Dec 2009 - **Dec 2009** Series B **$26M** *2 new* *2 returning* [Novartis Venture Fund](https://millionrounds.com/fund/novartis-venture-fund) [Lilly Ventures](https://millionrounds.com/fund/lilly-ventures) [Bio*One Capital](https://millionrounds.com/fund/bio-one-capital) [Novartis Option Fund](https://millionrounds.com/fund/novartis-option-fund) Reported by altassets.com SEC filing: $25M sold, first sale Nov 2009 - **Apr 2008** Series A **$4.0M** *2 new* [Novartis Venture Fund](https://millionrounds.com/fund/novartis-venture-fund) [Novartis Option Fund](https://millionrounds.com/fund/novartis-option-fund) Reported by masshightech.com ## Founders and team From the SEC filings it signed: 1 on the team. - **Steven Tregay** President and CEO i ## 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** 2008 **Series B** 2009 **Series B** 2009 **Venture** 2012 **Series D** 2019 [Novartis Venture Fund](https://millionrounds.com/fund/novartis-venture-fund) [Novartis Option Fund](https://millionrounds.com/fund/novartis-option-fund) [Lilly Ventures](https://millionrounds.com/fund/lilly-ventures) [Bio*One Capital](https://millionrounds.com/fund/bio-one-capital) [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) L [Wellington Management](https://millionrounds.com/fund/wellington-management) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) [Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital) ## Everyone who backed them [Novartis Venture Fund](https://millionrounds.com/fund/novartis-venture-fund) Corporate VC **3** rounds [Novartis Option Fund](https://millionrounds.com/fund/novartis-option-fund) Growth equity **3** rounds [Lilly Ventures](https://millionrounds.com/fund/lilly-ventures) Corporate VC **2** rounds [Bio*One Capital](https://millionrounds.com/fund/bio-one-capital) Corporate VC **2** rounds [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) Private equity **1** round, led 1 [Wellington Management](https://millionrounds.com/fund/wellington-management) VC firm **1** round [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) Private equity **1** round [Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=forma-therapeutics). ## Quick answers about FORMA Therapeutics ### Who invested in FORMA Therapeutics? FORMA Therapeutics's investors include Novartis Venture Fund, Novartis Option Fund, Lilly Ventures, Bio*One Capital and RA Capital Management, and 3 more on record. RA Capital Management led its latest round. ### How much has FORMA Therapeutics raised? FORMA Therapeutics has raised $143M across 5 rounds since 2008. ### When did FORMA Therapeutics last raise? FORMA Therapeutics's most recent round was a Series D of $100M in Dec 2019, led by RA Capital Management. ### What was FORMA Therapeutics's biggest round? Its most recent round, $100M in Dec 2019, is also its largest on record. ### Who backed FORMA Therapeutics first? FORMA Therapeutics's first round on record, in Apr 2008, was backed by Novartis Venture Fund and Novartis Option Fund. ### What stage is FORMA Therapeutics at? FORMA Therapeutics's latest named round is a Series D, in Dec 2019. ### Where is FORMA Therapeutics based? FORMA Therapeutics is based in the United States. ### Who led FORMA Therapeutics's rounds? RA Capital Management led the Series D in 2019. ## Companies like FORMA 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